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Biz-Tech

    Software piracy costs industry $50 bn, says study

    San Francisco, May 13 (DPA) Software piracy cost companies more than $50 billion last year, according to a study by the Business Software Alliance, an industry trade group.

    The report released Tuesday said that worldwide losses totaled $53 billion, an 11-percent increase over the previous years.


    Minor tile damage to space shuttle Atlantis

    Washington, May 13 (DPA) An inspection of the space shuttle Atlantis Tuesday revealed damage to tiles on one of the craft’s wing, a NASA official said.

    The routine examination one day after Atlantis’ launch from Kennedy Space Centre in Florida on a mission to repair the Hubble Space Telescope noted “four tiles with some dings (small dents) in them”, said Tony Ceccacci, the mission’s lead flight director, noting the damage looked “very minor”.

‘Venture capital funding hit by slowdown’

May 12th, 2009 | By Sindh Today | Category: Biz-Tech, Business, UnCat

New Delhi, May 12 (IANS) Venture capital (VC) funding has fallen nearly 25 percent in recent months on account of the global slowdown, industry officials said here Tuesday.

“There have been an overall dip of 25 percent in venture capital funding since last year,” Rahul Chandra, director of venture capital firm Helion Advisors, told IANS.



Russia’s GAZ confirms interest in Opel

May 12th, 2009 | By Sindh Today | Category: Biz-Tech, UnCat, World

Moscow, May 12 (DPA) Russian automaker GAZ Tuesday officially confirmed its interest in forming a joint venture with German-based Opel and the Austrian-Canadian auto-parts supplier Magna International.

“The GAZ group is hoping for further cooperation with Opel and Magna in the building of a competitive passenger car for Russia and other countries of the Commonwealth of Independent States (CIS),” said Yelena Matveyeva, deputy chairwoman of GAZ’s board of directors.



Sensex crosses 12,000-mark, rises 475 points (Roundup)

May 12th, 2009 | By Sindh Today | Category: Biz-Tech, Business, UnCat

Mumbai, May 12 (IANS) Indian equities soared Tuesday towards close of trade with a key index rising over 475 points from its last closing figure to breach the 12,000-point mark at day-end. Banking and IT stocks led the rally.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 11,629.97 points, rose 475.04 points or 4.07 percent from Monday’s close to end trade at 12,158.03 points.



Mathematical theory of elliptic curves may help strengthen IT security

May 12th, 2009 | By Sindh Today | Category: Biz-Tech, Technology, UnCat

Washington, May 12 (ANI): An approach based on the mathematical theory of elliptic curves may pave the way much more efficient cryptography — which underpins privacy, confidentiality, and identity to provide the fabric for e-commerce and secure communications — that will be capable of strengthening security against cyber crime and any terrorist attacks via the Internet.
The RSA cryptosystem — introduced by Rivest, Shamir, and Adlement in 1977 — relies for its security on the difficulty of working out the factors dividing large integers. Though it has performed well until now, the level of protection it provides has been eroded by constant efforts to develop more efficient methods for breaking it.
Scientists now say that the mathematical theory of elliptic curves may turn out to be helpful in developing more efficient cryptography capable of providing the optimum combination of security and processing efficiency.



New reason to lose weight: betting websites

May 11th, 2009 | By Sindh Today | Category: Biz-Tech, Business, Technology, UnCat, World

Washington, May 12 (DPA) John Hamaski tried a lot of things to lose weight but nothing really worked. The 38-year-old lawyer from San Francisco began several diets and enlisted in a gym. “It didn’t work, I just stayed fat.” Hamaski, who is about five feet tall and weighs 187 pounds, suffered from obesity.



Atlantis launched on Hubble telescope repair mission

May 11th, 2009 | By Sindh Today | Category: Biz-Tech, Technology, UnCat

Washington, May 12 (DPA) The space shuttle Atlantis blasted off from the Kennedy Space Centre in Cape Canaveral, Florida Monday on a mission to repair the ageing Hubble Space Telescope.

The fifth and last mission to repair Hubble launched at 2:01 p.m. (1801 GMT).



US firm sets up $20-mn facility in Chennai

May 11th, 2009 | By Sindh Today | Category: Biz-Tech, Business, UnCat

Chennai, May 11 (IANS) The US-based welding consumables product company Lincoln Electric inaugurated its $20-million plant near Chennai Monday.

The 100,000 square feet plant in Mahindra World City, a special economic zone (SEZ), has an initial production capacity of 15,000 tonnes per annum.



Sensex down 193 points on profit booking (Roundup)

May 11th, 2009 | By Sindh Today | Category: Biz-Tech, Business, UnCat

Mumbai, May 11 (IANS) Indian equities markets seemed to be getting bogged down by uncertainty over election results due May 16 with a key index slipping 193 points Monday after opening on a positive note.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 11,997.37 points, lost 193.44 points or 1.63 percent from its previous close to end trade at 11,682.99 points.