Monday, May 12, 2008

India puts South Asia on growth path: World Bank

TOP NEWS

India puts South Asia on growth path: World Bank
With India expected to contribute much to new global energy demand in the next two decades and rising savings, South Asia is on the path toward sustainable economic growth.

Indian exports to Africa can touch $50 Bn by 2012: Ficci
An apex Indian business chamber has released a survey saying India should discuss with African countries ways to make business easier in order to double exports to $50 billion in 2012.

$1 Bn infrastructure fund on anvil
India will be among five countries to have 'Style City'

TECHNOLOGY NEWS

Xerox India launches 'Next' to nurture channel partnerships
Xerox India has launched NEXT (New Enhanced Xerox Team) channel program that offers enhanced value proposition for the entire spectrum of Xerox's channel and alliance partners.

HP launches mini-laptop for students
Hewlett Packard (HP), the world's largest seller of computers, unveiled a mini-laptop on Tuesday that sells for $500 and is aimed at the education market.

Army for indigenous technology to manage battlefield
TANDBERG opens R&D center in Bangalore

BUSINESS NEWS

'Friendship is number one attraction of social networking sites'
For a person, keeping in touch with people he knows is the strongest reason for joining a social networking site, according to a survey on 'the usage patterns of Social Networking websites'.

L&T bags four orders worth over $420 Mn
Larsen & Toubro (L&T) has bagged four orders worth $421.6 million (Rs.16.87 billion) from the Rajasthan government, Bhushan Steel-Orissa, SAIL Bokaro Steel Plant and the Damodar Valley Corporation (DVC).

Kingfisher to open 24 cabin crew training centres
AMD says no job cut in India operations

VENTURE NEWS

Aperto Networks raises $20 Mn in new equity Financing
Aperto Networks, builder of the world's most advanced carrier-grade and cost-effective WiMAX base stations and subscriber units, announced today that it has secured $20 million of new equity funding.
Top Omani firm in JVs with three Indian companies
Leading Omani business group W.J. Towell has tied up with three Indian companies for real estate projects in the Gulf nation.
Patton Electronics sets up JV with Chennai firm

OTHER NEWS

Canada to have more visa staff in Delhi mission
Canada will allocate more resources and staff to its New Delhi mission to speed up processing of immigration applications.

Indian American expects a big settlement from Facebook
Facebook, the popular social networking website, is close to settling the suit about its origins brought by three founders of ConnectU site, including Indian American hedge fund analyst Divya Narendra.

U.S. senators question nine Indian firms on H1-B visas
Gujarat institute to develop 100,000 micro enterprises

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