Most technology counters have seen a decent gain in year 2012. With the recent rise in US dollar compared to Indian currency, the earnings reported by most technology companies will see positive impact.

The outlook for next two quarters is stable and with recent jobless data from US, the economic scenario has seen improvement over the past two weeks.

According to indications, Google might be planning to launch new Google-banded home entertainment devices to take on rival Apple in the segment.

Google might be planning to take on the rumored Apple iTV. Google's own branded home entertainment devices will mostly be based on the Andiron platform. The device could be controlled through a Android powered smartphone or tablet.

India's Defense Research Development Organisation (DRDO) has successfully developed an indigenously developed interceptor missile that is designed to destroy enemy ballistic missiles.

The missile was test fired at DRDO's Integrated Test Range (ITR) in Odisha. The test has made the country join only an elite list of countries with such defense capabilities. The scientist first launched a modified Prithvi missile, acting as a hostile target ballistic missile at 10.10am from ITR at Chandipur.

The Legrand Group of France has acquired the UPS (uninterrupted power system) business of Numeric Power Systems in a deal worth Rs. 806.44 crore.

Electrical equipment manufacturer, Numeric Power has already entered into an definitive agreement for the sale of its UPS business to Limoges, France-based _3.9 billion firm, Legrand.

Internet giant, Google has updated its Google Earth programme loosing the traces of what was rumored to be the lost city of Atlantis.

The update has ridden the programme of a gridlike pattern that was believed to sunken streets from the mythological underwater city of Atlantis. Google Ocean, which is an extension of Google Earth, merely displays data artifact from the sonar method that was used to map the seafloor.

South Korean electronics giant, Samsung has released a new ad of Galaxy Note smartphone that takes a jab at rival, Apple.

Samsung's new Super Bowl ad claims that it can help Apple fanboys and fangirls that are lining up in San Francisco. In the ad, the apple fans loose faith and look for alternatives.

In the ad, the people lining up see Galaxy Note and notice that it has a pen and immediately break away from the lines. The 90-second ad directed by Bobby Farrelly is directly aimed at Apple's fan base.

The Minister of State in the Prime Minister's Office V Narayanasamy has clrified that the central government has decided to scrap the agreement between the Antrix Corporation and Devas Multimedia due to security reasons and not because of the alleged loss of revenue to the government.

Narayanasamy also said that the government is not discriminating between the scientists from the space sector and Indian Administrative Service (IAS) officials and will take appropriate punitive actions against those responsible for wrongdoing.

Internet giant, Google has launched the new ‘Google Bouncer’ to protect the Android Market and users from malware infections.

Bouncer is an automated system that scans existing and future apps on in the Android Market for malware links. Experts have been critical of Google for keeping it easy for anyone to enter the android market and choosing a reactionary approach where it acts to remove malware after it is being reported.

India IT firm, Infosys is refreshing its top leadership and two of its most senior executives, Ashok Vemuri and BG Srinivas are to swap positions in the country.

Vemuri, who has worked as the head of banking, finance and insurance (BFSI), will now head manufacturing and engineering business. On the other hand, BG Srinivas will become the new head of BFSI department after his tenure as a head of the manufacturing and engineering business for Infosys.

Internet giant, Google has said that it might go on the same route as Twitter and might start country-specific censorship of the content on its services.

This has attracted a lot of criticism of the company from around the world as Google is generally seen as a company supporting free speech and free slow of information. Critics say that the move shows that internet firms are bowing to the demands of authoritarian regimes from around the world.

A new report by Fitch Ratings has said that the outlook for the IT service sector in Indian is stable. The company sees a strong liquidity position for the sector in the year even as there might be a slowdown in demand for IT services from important markets including the US and European countries.

Software giant, Microsoft has launched Kinect for Windows SDK and runtime as promised by the company earlier.

The company also said the Kinect hardware will now be offered through distribution partners. The Kinect motion and voice sensor was originally designed for Microsoft's Xbox gaming console but it also attracted a lot of developer interest for new apps.

Technology giant, Apple has released the new the iBooks 2 for iPad app and the iBooks textbooks, taking the digital book revolution to the next level.

Digital textbooks have been growing at a great speed and this has created an opportunity for companies like Apple and Amazon. Apple has been offering a pool of knowledge in algebra, biology and chemistry subjects. The company is offering various publications from major publishers like McGraw-Hill, Pearson, Houghton Mifflin Harcourt and DK.

Technology sector firm, Mahindra Satyam has recorded an increase of 29.4 per cent in its consolidated net profit to Rs 308 crore in the quarter till December 2011.

The company said that it earned Rs 66.3 crore in the October-December quarter compared to Rs 33.7 crore in an earlier quarter. The consolidated revenues of the company rose 8.9% to Rs 1,718 crore compared to Rs 1,577 crore in the same quarter of the previous year. EBITDA margins were recorded at 16.2 per.

US retail giant, Amazon. com is entering the Indian market with the launch of its Junglee. com for customers in the country where the online market is growing at a rapid pace.

Junglee will allow customers to find products that are offered by online as well as offline retailers in the country as well as from Amazon. com. The Junglee. com service is currently in its bet stage.

BOXX Corporation has showcased its new electric bike, the stylish BOXX transport that is ready to go into production soon.

The BOXX electric bike is just 36-inch long and weighs 120 pounds. The bike is built with aluminum for keeping its weight low and has a top speed of 35 miles per hour and can carry up to 300 pounds. The speed is impressive mainly considering the Boxx's diminutive size.

Research firm, Flurry Analytics has said in a report that the Kindle Fire tablet of Amazon has increased its market share from just 3 months to 36 percent in three months.

The company measured application sessions on Android from November 2011 to January 2012 and found that the tablet controls 36 percent of the Android market. On the other hand, Samsung Galaxy Tab has seen its market share drop from 64 percent market share to 36 percent in the period.

Apple chief executive Tim Cook has written an email to the company employees addressing the recent media reports claiming difficult working conditions for workers working in factories in China, where the new Apple devices are produced in thousands.

Cook addressed the reports that claimed the workers in factories contracted by Apple face long hours and occasionally unsafe conditions.

Internet giant, Google is trying to explain the changes that were recently announced by the company in order to address some of the privacy concerns raised by various sections.

Google Policy Manager Betsy Masiello wrote in a company blog that the users would continue to have control over what information is accessed by the company and that the company is not going to collect any information that it did not collect in the past. The users will still decide upon how much of Google services they want to use.

Much attention has revolves the upcoming iPad 3 with rumors that that tablet is already under production in China and might be launched soon. However, there are few blogs and portals talking about the next version of Apple’s popular smartphone, the iPhone 5.