India is an absolutely critical country for U.S.-R s

SiliconIndia Daily dose

Friday, June 12, 2009
Top news
U.S. President Barack Obama has despatched a personal letter to New Delhi making it clear that India is "an absolutely critical country" with which Washington is keen to work, a top official has said.
Call it an effect of sixth pay commission or recession. For the first time ever, 12 percent of the total recruitment at the Defence Research and Development Organization (DRDO) has been from the topnotch IITs of India.
The excitement surrounding mobile number portability (MNP) seems to die down as a study shows that the telecom service providers may be affected once it is operational.
The Securities and Exchange Board of India (SEBI) for the first time, will provide the legal aid to thousands of investors who have been affected or are likely to be affected by the frauds committed
Register for Experience Technology Job Fair on 13 June
Indian economy has grown by 5.8 percent in the last two successive quarters and outbidden many other countries in the world by registering a 6.7 percent growth rate.
Tulip Telecom ended the day at Rs 774.60 gaining by 80.85 (11.65 percent) after opening at Rs 700.60. The stock had closed at Rs 693.75 yesterday reached the intraday high of Rs 813.30 and a low of Rs 690.00 on Thursday.
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Sequoia Capital, a global venture capital firm with offices in Mumbai and Bangalore, opened a new office in New Delhi.
Silicon Clocks, a fables semiconductor company, and provider of timings solutions of electronic systems, has raised $10.3 million in series C financing led by Silicon Labs and Premier Venture Firms.
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