Oracle defends CEO Larry Ellison s pay

Oracle is facing a potential shareholder revolt against a compensation formula that has consistently made its billionaire co-founder, Larry Ellison, one of the best-paid CEOs in the world. 

The business software maker staunchly defended Ellison's pay in a letter sent to shareholder activist firm CtW Investment Group in an effort to rally support for its board of directors before the 11 members stand for re-election at Oracle's annual meeting on October 31. 

Indian tablet market revenues to touch dollar 2 billion in 2013, Study

Buoyed by growing preference for tablets in education and enterprise sectors, the Indian tablet PC market is expected to cross $2 billion in revenues this year, global research firm TechSci Research said.

"The acceptance and usage of tablet PCs in various sectors will contribute to the market growth and it is expected that India Tablet PC market will cross $2 billion revenues by the end of 2013," the firm said in a report.

Increasing usage and preference for tablets in the education sector, private enterprises and growing demand from the smartphone and laptop users would drive the market for tablet PC over the coming years, it added.

Wipro s global head of infrastructure business quits

Anand Sankaran, global head of Wipro's infrastructure services business, the company's second largest service line, has quit.

"Wipro confirms that after a sterling career of over 24 years with Wipro, Anand Sankaran, currently senior vice president for Global Infrastructure Services and Wipro Infotech, has decided to pursue a career outside of Wipro," the company said in a statement in reaction to media reports about Sankaran's exit on Thursday .

Wipro did not specify the reason for the exit of Sankaran, who joined the company in 1989. Sankaran also headed Wipro's business in India, Middle East and Africa.

Apple acknowledges iMessage glitch

Apple fans who updated their smartphones to iOS7 are reportedly facing issues while sending or receiving messages through iMessage feature. 

Apple's Trudy Muller said that the company is aware of the issue affecting a fraction of a percent of their iMessage users, and they will have a fix available in an upcoming software update. 

Muller further asked users to refer to the troubleshooting documents or contact AppleCare to help resolve their issue, ABC News reports. 

Google search making people forgetful, Report

The internet is fast eroding people's memories of world-changing events in history, making them more forgetful as they increasingly bank upon Google to provide the information, a new UK study has found.

The study of 2,000 adults found less than half of people surveyed could name the year when Princess Diana died, even though it happened as recently as 1997.

Many respondents did not even know the year in which the terror attacks on the World Trade Center took place while many others were clueless about when the Berlin Wall fell, the 'Metro' reported.