Todays HeadLines Wednesday, August 12, 2009
Top news
Google has unveiled the preview version of Caffeine, a new search engine technology which promises to "push the envelope on size, indexing speed, accuracy, comprehensiveness and other dimensions."
Twitter's servers went down again on Tuesday for a brief period, just days after an attack forced the microblogging site to shut down last week.
Technology
Patni Computer Systems (BSE: PATNI COMPUT), an IT and BPO services provider, announced a key appointments to its leadership team. Naresh K. Lakhanpal has been appointed President, who has over 23 years of diverse business experience.
Four Soft, a software solutions and IT consultancy services company, is ramping up its sales operations across Europe to tap into its huge IT logistics solutions market.
Business
Lockheed Martin has named Roger Rose as its new Chief Executive for India, with responsibility for coordinating the U.S. security company's relationship and ongoing programme execution in India.
The Prime Minister's Economic Advisory Council was reconstituted Tuesday with C. Rangarajan, former Governor of India's central bank, back as its Chairman.
Finance
Corporation Bank is planning to launch a new facility, 'e-payment through ATM' in the end of August 2009. This facility will help customers to pay various taxes at anytime from any ATM. The bank will earn revenue of Rs.0.11 per payment made.
Industrial Development Bank of India (IDBI) has announced that it will reduce the interest rates on its domestic deposits by up to 50 basis points (bps) across various maturity buckets.
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