News HeadLines Tuesday, August 11, 2009
Top news
Facebook has made its most significant acquisition till date by announcing to buy social sharing service FriendFeed and its Google seasoned team in its efforts to embed itself widely to the web.
VMware, a virtualization software maker, announced that it has acquired SpringSource, a Java framework developer for $362 million in a cash and equity purchase.
Technology
Motorola is believed to be developing two Google Android smartphones for release later this year.
Dr. Parag Pruthi founded Niksun, a provider of real time enterprise network surveillance solutions, is participating as one of the first founding members of the Global ICT Standardization Forum for India (GISFI).
Business
In order to attract foreign investment for road projects in India, the government will hold a road show in Zurich, Switzerland, Tuesday.
Representatives of India's crisis-ridden aviation companies met Civil Aviation Minister Praful Patel here Monday and urged him to look into their demands for a reduction in airport charges and jet fuel taxes.
Finance
Oil India's initial public offering (IPO) will open on September 7, 2009. The public offering will also result in the dilution of 10 percent government stake in the company.
In the week ended August 6, 2009, ING Global Real Estate Fund topped the list of mutual fund schemes. The value of ING went up by 5.17 percent with the net asset value (NAV) of Rs.8.53.
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