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By Arul Louis
Chennai versus Hyderabad? In the battle of the technology titans, a reorganised Google gets a new general, Chennai's Sundararajan Pichai, to face off against Hyderabad's Satya Nadella, Microsoft's CEO.

In the fast-changing technology landscape the two companies compete in several lines of business and continue to reinvent themselves for survival, shifting business plans and pushing into new areas as they compete against each other. As the world moves beyond desktops, laptops and conventional servers, the focal points of their current competition are in cloud computing, where Microsoft has an edge and mobile technology, where Google leads.

MUMBAI-- Another "Manic Monday" saw a key Indian equity index log its steepest ever closing fall in point-terms, spooked by a crash in Chinese bourses, unmindful of the assertions by policymakers that the turbulence was transient and the country's economy remained strong.

In this turmoil, the Indian rupee also fell to its lowest in two years at 66.74 to a dollar on Monday.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) lost as much as 1,624.51 points, or 5.94 percent -- which was the steepest in terms of points, surpassing the previous highest closing loss of 1,408.35 points on Jan 21, 2008.
WASHINGTON-- TiE, the global network of entrepreneurs and professionals, has agreed to act as a conduit for channelizing investments in the field of Information Technology start-ups and projects into Haryana.

An agreement to this effect was reached during a meeting between a delegation of entrepreneurs and senior government officers led by Haryana Chief Minister Manohar Lal Khattar, and TiE officials in San Francisco on Thursday.
By Amit Dasgupta
MUMBAI--The devaluation of the Chinese yuan, coupled with anxieties about Beijing's ability to revive the flagging economy, tasted first blood with a massive global stock market slide and a currency tumble. Worse is expected, especially for countries that relied on the Chinese economy as the main growth driver. Rumours abound of the contagion spreading, as indeed it did during the East Asian crisis because of the interlocking of economies.
MUMBAI--Strong economic fundamentals, value buying and attractive valuations boosted investor confidence in the Indian equity markets on Tuesday leading a barometer index to close with gains of 291 points a day after the key Mumbai index shed some 1,625 points -- or nearly 6 percent.

The Indian rupee also gained strength. It touched an intra-day high of 65.87 and closed with a gain of 56 paise at 66.08 to a US dollar from its Monday's close of 66.64.
NEW DELHI- Prime Minister Narendra Modi on Tuesday congratulated Chennai-born Sundar Pichai on being appointed Google's chief executive officer (CEO).

"Congratulations Sundar Pichai. My best wishes for the new role at Google," Modi tweeted. The 43-year-old Pichai, an IIT Kharagpur, graduate, is the second person of Indian-origin to head an IT company after Hyderabad-born Satya Nadella, who became the CEO of software giant Microsoft in February 2014.
By Fakir Balaji
BENGALURU-- The Indian IT industry is upbeat over the appointment of Indian-born Sundarajan Pichai, 43, as chief executive of the world's largest search engine Google Inc in the US.

Elated over the meteoric rise of Pichai in Google, who will succeed its co-founder Larry Page a decade after joining the Silicon Valley behemoth in 2004, a top industry executive said on Tuesday that the IIT graduate symbolized new India, representing talent, technology, innovation and managerial acumen.
KOLKATA-- Sundar Pichai, the new CEO of the core business of Google, was a shy but brilliant student who never showed off his knowledge unnecessarily, recalls his teacher at the Indian Institute of Technology, Kharagpur.

The Chennai-born Pichai, then known by his full name Pichai Sundararajan, cleared the IIT entrance test in 1989 and enrolled for a four-year undergraduate course in metallurgical and materials engineering.
NEW YORK --- A 17-year-old Indian-origin teenager has won accolades for an inexpensive robotic arm he created for his school science fair project in California state of the US.

South Asian Connection
NRI Business
BENGALURU, India-- Global software major Infosys Ltd on Monday secured shareholders' approval for buying its healthcare business subsidiary for $100 million (Rs.625 crore), a company official said.

BENGALURU, India--Many investors of global software major Infosys Ltd were up in arms against its board at the 34th annual general meeting here on Monday for various reasons.

NEW DELHI--The government of India on Monday proposed to do away with transaction charges on card payments at petrol pumps, gas agencies and for railway tickets.

Business Features
By Amit Kapoor
India, since Independence, has achieved modest success when it comes to some aspects of public health, but much remains to be done for the future.

At the time of Independence, the life expectancy at birth for an individual in India was 32 years, it has more than doubled to 66 years in 2013. Similarly, the infant mortality rate (IMR or the number of babies who die before their first birthday in a given year per 1,000 live births in that year) has gone down from 164 in early 1950s to 40 in 2013.









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