Monday saw Rambus, a developer of high-speed interfaces and memory technologies, announcing its Mobile Memory Initiative. With this initiative, the company aims at achieving data rates of 4.3GHz at best-in-class power efficiency.

Martin Scott, senior vice president of research and technology development at Rambus reported, "As consumer expectations grow for more media-rich applications on their mobile devices, new memory solutions will be needed to keep pace with the rapidly increasing bandwidth requirements."

IBM has recently announced an even speedier supercomputer, just after seven months it came out with world's fastest supercomputer. The new one however is being learnt to have computing power of 2 million laptops.

On Tuesday, IBM informed that it is working to come up with technology for its new Sequoia computer, with delivery scheduled in 2011 to the Department of Energy for use at Lawrence Livermore National Laboratory.

Global slowdown, spreading fast in India, has adversely hit country's export sector in January with reported decline of 22% in merchandise exports. The data provided for January gives indication of grimmer situation ahead with a large number of job losses and stagnation in economy.

The country witnessed overall 1.1 per cent decline in export in December. Experts believe that situation may become worse in coming months for exporters due to non-availability of new contracts in the international market.

Shares of Indiabulls Securities closed in negative zone after touching intraday high of Rs 23 on Tuesday, after the company announced to buy back shares from the open market at a price of up to Rs 33. The Company' Board of Directors has approved the idea to buy-back of equity shares worth Rs 83.18 crore under the sub-section (2) of Section 77A of the Companies Act, 1956.

Online gaming and mobile games company, Indiagames on Monday launched its latest mobile game, 'Dev D', joining bollywood films Ghajini and Chandni Chowk to China which have been converted into video games.

Dev D was launched by Indiagames' CEO Vishal Gondal in the presence of the two leading actresses, Mahi and Kalki, of the Abhay Deol's film.

Vishal Gondal, CEO, Indiagames, said, "Movie companies have started looking at mobile gaming very seriously as an opportunity. This year has been great for us as we have started with 'Ghajani', followed by 'Chandni Chowk to China', and now we are doing 'Dev D'."

The government, after ordering probe into IPOs of all listed companies, has ordered to scrutinize accounts of the education software and services firm, Educomp Solutions and Six public sector companies.

The move is aimed to check financial irregularities of accounts of these firms after the disclosure of largest ever corporate fraud committed by disgraced Satyam's Chief B Ramalinga Raju and other top executives of beleaguered software company.