MindTree Limited, a Rs 800-crore software and R&D services company, has entered into a global strategic alliance with Skytap Inc, a leading provider of cloud-based virtual lab solutions.

According to company officials, the partnership enables MindTree's customers to scale test labs on-demand through Skytap's virtual lab solution, resulting in reduced IT costs, accelerated lab provisioning, and effective collaboration among global teams.

Skytap provides testing teams with a complete virtual lab solution over the Web.

ItzCash Card, India's first multipurpose pre-paid cash card, has entered into an alliance with Seventymm to facilitate the online payment of movie rental services.

Both partners believe that latest service will bring in convenience to the viewers to register and rent movies in various languages from the comfort of their home.

Under the facility, viewers are given the option of renting the movies from an exhaustive collection of 20,000 movies by using ItzCash Card.

Hyderabad-based Satyam Computer Services Ltd. notified on Tuesday that it has got regulatory approval from NYSE Euronext, to delist its American depositary shares, effective May 20.

NYSE Euronext is a Euro-American corporation that operates multi-securities exchanges.

The latest development comes after Venturbay Consultants Private Ltd, a subsidiary controlled by Tech Mahindra last week emerged as the highest bidder to acquire a majority stake in the troubled software company.

Financial

Steel-pipe producer, Welspun Gujarat Stahl Rohren Ltd has announced the demerger of its Plate-cum-Coil mill into a 100% subsidiary.

A senior company executive commenting on latest situation said, "The move will allow better financial control, better fiscal efficiency by rationalization of various applicable taxes, duties and create an independent identity of high-end steel business."

Following the demerger, a separate team with independent board and management would be structured, he added.

A new, location-based service has been launched by Tata Teleservices Ltd on Monday. Called the 'Quickfinder Assisted Global Positioning System' (A-GPS) service, it aims at facilitating for the CDMA subscribers the pin down of locations of interest, and the en-route tracking of vehicles and consignments.

The latest offering from Tata Teleservices is powered by Qualcomm's 'QPoint' solution and 'gpsOne' technology incorporated into its chipsets. The Navigator application of the service will provide end-users with driving instructions, and information about the shortest route to a preferred destination.