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India to verify China stand on dam
India said the Chinese government had assured it no dam on the Brahmaputra was proposed

Gurcharan Das: Relax, capitalism is not the problem
The epic, Mahabharata, thinks that human beings are fundamentally flawed and their faults make the world “uneven” (vishama). As a result, they are vulnerable to nasty surprises. Duryodhana is the chief purveyor of “uneveness” in the epic, but the others also contribute to it in good measure — Yudhishthira cannot resist gambling; Karna suffers from status anxiety; Ashwatthama has a revengeful nature; Dhritarashtra is prone to excessive love for his eldest son and so on. These human defects drive the epic towards calamity. Like the Mahabharata’s characters, investment bankers on Wall Street, rating agencies and even regulators suffer from similar failings, and it is these dangerous infirmities that brought the global capitalist system to its knees in 2008.

News of the day

Tata Communications acquires Mosaic
Tata Communications has reached an agreement to acquire BT Group"s Mosaic business, which offers on-demand digital media management platforms, that manage content and workflow from production to distribution across collaborative market ecosystems.
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Persistent sets up CoE for Android platform applications

Persistent Systems, providing software product development services, set up a Centre of Excellence (CoE) around the Android open mobile platform. Sensex pares gains; Hindalco up 4% “Assured by the strong market predictions and Android’s current growth rate, Persistent has invested in the CoE. “We are excited about the launch, and strongly believe, we can facilitate partner companies to expedite development on this rich and evolving platform,” said Dr R Venkateswaran, head - telecom & mobile business unit, Persistent Systems. Persistent has extensive expertise with the Android SDK, the developer device, tools, setups, builds, porting and features like maps, location, media, browser, accelerometer, UI and other application framework components. Two new applications developed by the CoE have been recently released in the Android market: ‘Knight Tour’ and ‘World of Web’ (WoW). They are available for download on the application store. Knight Tour has already recorded over 1,800 downloads by G1 users and WoW has seen more than 800 downloads.


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