NEW DELHI - Satyam Computers' cup of woes seems to be overflowing, with news surfacing Tuesday that the software vendor has been debarred by the World Bank for alleged data theft and bribing bank officials.

BANGALORE - The ailing global financial services firm Citigroup Inc is selling its India-based captive IT services subsidiary City Technology Services (CTS) to Wipro Technologies for $127 million (Rs.6.2 billion) in an all-cash deal, the IT bellwether announced here Tuesday.

NEW DELHI - The World Bank has said it has banned leading software vendor Satyam Computers from all business at the bank for a period of eight years - and that the ban started in September, according to a US broadcaster.

NEW DELHI - Successful bidders for spectrum allocation for third generation (3G) telecom services will also be eligible to get spectrum space for second generation (2G) services, as and when any space becomes available, the Telecom Commission said here Tuesday.

BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal.