The amount of funding received by tech start-ups in India appears to be shrinking if we go by some recent investments. Moveo Systems recently received a new round of angel funding from undisclosed investors. Ziva software, a mobile search company, received about $1.5 million from Nadathur Investment and Holdings.
IBM has bagged a 10 year contract worth $800 million from Idea Cellular to help them develop Idea Cellular’s business processes and technology infrastructure. Michael Dell announced that his company was setting up a manufacturing plant in the southern state of Tamil Nadu.
California-based Wells Fargo Bank has opened a technology development center in the Southern state of Andhra Pradesh.
Shailesh Rao has been appointed as Managing Director for Sales and Operations for Google India. Sudhir Kuppam has been named as the head of Intel Capital in India. Two top executives from Yahoo! India recently left the company. And students in IIT Mumbai will have restricted accesss to Internet.
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