News HeadLines Thursday, August 13, 2009
Top News
A Texas judge has ordered Microsoft to stop selling its Microsoft Word application in its current form, as the software contains technology which violates a patent held by a third party.
Microsoft (MS) and Nokia have formed an alliance to bring MS software applications on the Nokia phones, and to counter the dominance of the Research in Motion's (RIM) Blackberry.
Technology
The Indian Space Research Organization (ISRO) has launched 'Bhuvan', a mapping application website like Google Earth, which promises to give better 3D satellite images of India and provides country specific features.
HTC, a smartphone maker has announced that it has sold more than one million units of its Magic smartphone, which is powered by Google's Android operating system.
Business
Engineering and construction major Larsen and Toubro (L&T) Wednesday said it would wait for an opportune time to sell its holding in Mahindra Satyam, formerly Satyam Computer Services, even if the markets regulator waives the lock-in period on the shares.
Finance Minister Pranab Mukherjee Wednesday unveiled a draft of the new Direct Tax Code to replace the five-decade-old Income Tax Act with easy-to-comprehend provisions for average taxpayers, freeing them from the clutches of lawyers and experts.
Finance
There is some good news for the investors on Dalal Street. Celent, a financial research and consulting firm has revealed that the Indian equity markets have started showing signs of recovery.
Following the positive performance of pharmaceutical companies in the first quarter (Q1) of financial year 2009-10, the stock of healthcare (HC) sector ended the last week on positive node.
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