Microsoft mulls purchase of Facebook: report
Microsoft's bankers have approached Facebook about a purchase of the social networking site as an alternative for its failed takeover bid for Yahoo, an American business journal has reported.
|
News Spotlight:General | Business | Technology | Ventures | Weekend
ADB pledges billions of dollars to tackle food crisis
The Asian Development Bank said Wednesday that it was allocating $500 million to tackle skyrocketing food costs in the region.
India, China will be global players in tourism
India and China will be the new global players competing for a huge chunk of tourists, transforming the geopolitical landscape. The U.S., though a key factor, will have less influence, according to a study.
IMF granted new powers to raise income through investments
Members of the International Monetary Fund have approved a broad expansion of investment practices as part of an overhaul of how the crisis lender acquires income.
NTPC's Sipat unit begins power generation
The National Thermal Power Corporation's (NTPC) first 500 MW coal-fired unit of the controversy-marred 2,980 MW plant at Sipat in Chhattisgarh has started functioning following the restoration of water supply by the state government.
Indian real estate firm plans new five-star chain
Leading Indian real estate firm Sobha group is planning a new chain of five star hotels across India, Middle East and Africa under the brand name Sobha Hotels.
Tamil publishing firm nets venture capital
A multinational venture capital fund has invested "sizeably" in New Horizon Media (NHM), a closely held corporation having published over 650 books that have sold 250,000 copies.
Trane opens global design centre in Chennai
Chennai: The U.S. based heating, ventilation and air-conditioning (HVAC) firm Trane launched its global design centre here to support the company's Indian market as well as its global R&D wing.
India to edge out Australia in household wealth
India will force Australia out of the world's top 10 countries with the highest household wealth within just a decade, according to research published Wednesday.
Stock Holding launches e-stamping facility
Stock Holding Corporation of India Ltd (SHCIL), India's largest custodian and depository participant, launched its state-of-the-art electronic stamping (e-stamping) facility here Wednesday.
Inflation will be controlled in six weeks: Kapil Sibal
Minister of Science and Technology Kapil Sibal Wednesday said the United Progressive Alliance (UPA) government will bring down prices in six weeks.
IT exporters hope tax relief will be extended further
The Electronics and Computer Software Export Promotion Council has welcomed the central government's decision to extend by one year till March 31, 2010, tax exemption available to the IT companies under the STPI scheme.
