Zynga Inc. lost three more top executives this month, following more than a dozen exit of top managers in the company after it announced IPO last December 2011.

Olapic secures US $5 million after the close of a series A financing round led by Great Longworth Venture Partners and Fung Capital USA.

Microsoft Windows 8 and Surface RT tablets were lagging behind competitors. Windows 8, the operating system Microsoft designed for touch PCs, was still finding it hard to capture a sizeable audience.

According to Gartner, HP's server market share dropped for the second consecutive time. In the latest quarterly report of Hewlett Packard, server shipment shares from across the globe fell significantly.

Analysts believe that Asus' late entry to the US tech market will be its toughest challenge yet.

Apple and Motorola dropped 14 patents, which now left with them with 8 patents-in-suit. Apple and Google's Motorola agreed to drop 14 patent suits Monday.

Android posted a massive increase in the latest quarterly report for tablets, while Apple's iOS continued to decline.

Nepal's telecom industry expanded after aggressive importing. According to the Nepal Telecommunications Authority, imports of telecom related equipment almost reached double the amount of last year.

YouBeauty gets a series A-1 funding worth US $8.6 million in a round led by existing investor Countur Venture Partners.

A source that was familiar with the discussions on the Teck-Iron Ore deal said that Teck Resources Ltd was among few bidders battling to acquire Rio Tinto Group's controlling stake in the Canada-based firm.