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  Although, 2010-11 Union Budget has brought some good news for the construction, hospitality, banking, education and pharma sectors, but, it does not generate any good news for IT industry. The Finance minister didn't mention anything about the extension of Tax Rebate in this budget for IT industries. Since, the tax break ends in Mar 2011, outsourcing major such as Infosys Technologies, Tata Consultancy Services and Wipro are going to lose from the Budget because there is no mention of Tax Rebate in the budget. But, the Infosys chief Mr. Murthy has a different view. In an interview before the budget, he said that IT industry is quite different from other industries. IT companies need to pay higher taxes. That's why STPI (Software technology Park of India) extension is not required.

By some accounts, this week hasn't been so great for Google. The first bit of bad news concerns sales of Google's Nexus One phone. On Tuesday, the market analytics firm Flurry released a report saying initial sales of Google's Nexus One phone have been slim compared to the Droid and the iPhone. The firm compared sales of those those phones over the first 74 days they were on the market. In a blog post , Flurry says it chose that time period because that's how long it took the original iPhone to sell 1 million handsets when it was released in 2007.