News HeadLines Tuesday, September 01, 2009
Top news
India will embark on an unmanned mission to Mars after 2015 to explore the red planet in quest of its space ambitions, a senior space official said Monday.
Yahoo India will shut down SpotM, the social network it launched less than a year ago in India. The social network which never exited private beta, will not be in service from September 1, was meant for the 16-24 age bracket to capture the market.
Technology
A new iPhone game 'Button' is a game that allows people to do the daily tasks of their jobs much easily, as it creates a psychological effect on the mind of the player by keeping him involved.
Telecom majors Reliance Communications (RCom) and Aircel are on the verge of signing a $300-million agreement for sharing telecom infrastructure like towers, sources close to the deal said Monday.
Business
Global recession and drought will bring down India's nine percent growth target for its 11th Five Year Plan (2007-12), Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.
Vijay Mallya-owned Kingfisher Airlines Monday said it planned to raise $100 million (about Rs.500 crore) in Global Depository Receipts (GDRs).
Finance
Realty major Unitech and IT firm Mahindra Satyam were included in the Morgan Stanley Capital Index in the Emerging Market category from Monday, a company official from Unitech said.
ICICI Prudential Mutual Fund has launched its new equity scheme named as 'ICICI Prudential R.I.G.H.T. Fund (Rewards of Investing and Generation of Healthy Tax Savings)'.
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