Yahoo announced Yahoo Music New Services

Wednesday, April 8, 2009

Yahoo Inc is partnering with other online music providers as the Internet giant tries a fresh approach to getting an edge in the evolving digital music business.

The move comes a little over a year after Yahoo announced it was shuttering its own paid-music service, and is in keeping with the company’s latest efforts to make Yahoo a more open service by integrating products and services developed by other companies.

Yahoo Music was the No. 2 online music site in December, with 19.6 million unique visitors, according to research company ComScore. Time Warner Inc’s AOL Music was the top site with 24.6 million visitors, while News Corp’s MySpace Music ranked third with 17.2 million visitors. The new Yahoo Music-a major strategic shift for Yahoo.

The new version of Yahoo Music, unveiled on Monday, aggregates paid and free music services available on the Internet, allowing Yahoo users to access and interact with the services directly from the Yahoo site.

Visitors to the Yahoo Music site will be able to select from a variety modules representing the Web’s disparate music sites, including free, radio-like streaming audio services such as Pandora and last.fm, music videos from..ReadMore

HCL Technologies Ltd has bagged a 5year IT services contract with Microsoft Corp

Tuesday, April 7, 2009

HCL’s has made third outsourcing deal in four weeks, following a six-year $100-million deal from Xerox that was announced on Sunday and a $350-million seven-year contract from Reader’s Digest Association secured last month.

A spokesman for the Indian software firm confirmed the deal HCL Technologies Ltd has bagged a five-year IT services contract worth close to $170 million from software giant Microsoft Corp but declined to provide further details. Economic Times business daily reported on Monday.

Under the transaction, HCL will provide technology services for Microsoft’s online service business, the report said citing a person familiar with the negotiations.

HCL is likely to deploy 600 employees on the Microsoft contract, with about 250 of them already working on the project...ReadMore