INTERNATIONAL India, France to set up Defence research panel Paris: India and France have formalised the setting up of an Indo-French Research Forum to transform their buyer-seller relation into one of collaboration and co-production in Defence fields.
NATIONAL RBI permits banks to set up offshore units in SEZs Mumbai: Reserve Bank of India (RBI) has permitted banks to establish offshore banking units (OBUs) in special economic zones (SEZs) with preference being given to entities having overseas branches and experience of running such units.
SENSEX gains as select counters fare well on BSE Mumbai: Led by Satyam Computers, select counters-new as well as old counters-economy recovered their initial losses and even posted handsome gains, aiding the SENSEX to snap the four-session losing streak on the Bombay Stock Exchange (BSE) on November 12 on late purchases by speculators and foreign funds.
Wipro ties up with American Management Systems Bangalore: Software major Wipro announced that it has entered into a "definitive" agreement to acquire the global energy practice of American Management Systems under a $ 26 million cash deal that would expand its presence in the global energy and utilities market.
Microsoft to launch Tablet PC in India next month New Delhi: Microsoft chairman Bill Gates on November 12 said that `Tablet PC', an advanced wireless computing device mixing the functionality of a laptop and personal digital assistant, would be launched in India next month.
New momentum in Indo-US trade relationships New Delhi: India and the US on November 12 discussed ways and means to facilitate cooperation in high-tech, trade and other areas and further consolidate their multifaceted relationship.
Bill Gates commits $ 20 million for e-learning in India New Delhi: Microsoft chairman Bill Gates has agreed to provide an assistance of $ 1 million for the Media Lab Asia project by government of India, besides extending $ 20 million for an e-learning initiative called "Shiksha".
Gates announces $ 400 mn investment for India New Delhi: Microsoft Chairman Bill Gates on November 12 announced a major investment of about Rs 2000 crore in India over the next three years and said it would be the company's largest set of investment outside the US aimed at forging strong Indian partnerships.
