Schneider Electric to set up R&D centre
Bangalore: Schneider Electric Industries SAS France announced yesterday that it is setting up a global research and development centre in Bangalore.
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VSNL to introduce VRS
Mumbai: Videsh Sanchar Nigam Ltd has announced its second voluntary retirement scheme within a span of 12 months.
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Eli Lilly cuts sepsis drug price
New Delhi: Eli Lilly & Company (India) has cut the price of Xigris, a drug used to treat sepsis, commonly known as blood poisoning.
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Wipro gets highest governance rating
Bangalore: Credit rating agency ICRA has assigned SVG1 to the Stakeholders Value Creation and Governance practices of Wipro Ltd.

This rating indicates highest category on the composite parameters of stakeholder value creation and management and also on corporate governance practices. Wipro is the first and currently the only company to be assigned the highest SVG1 rating by ICRA.
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SISA ties up for Octave security assessment
Bangalore: SISA Information Security, the Bangalore-based info-security consultant, has entered into a strategic tie-up with the Software Engineering Institute and Carnegie Mellon University for the training and implementation of the latter's `Octave Information Security Risk Assessment.'
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Xansa to strengthen India team
Mumbai: UK-based BPO and IT services firm Xansa plans to double its Indian team, with planned investment of £24 million over the next few years.
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Eastern Silk sets up Rs 60-crore plant
Kolkata: Kolkata based Eastern Silk Industries Limited has set up a Rs 60-crore silk fabric manufacturing facility at Anekal near Bangalore. The new facility is expected to boost the export growth of the company.
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MS to step up India operations
Mumbai: Microsoft plans to make its global operations a more cohesive unit, with the Indian operation to play a significant role.

Chairman and General Manager of Microsoft India, Mr Ravi Venkatesan, said Microsoft India would be an integral part of Microsoft Corporation as "we move our business in India to the next level."
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Sasken Tech centre in Pune
Bangalore: Sasken Communication Technologies Ltd, a telecom software solutions provider, will establish a development centre in Pune by March 1. It will start with about 30 software professionals and expand operations over the next six months.
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