MICROSOFT PREPARES WORKERS TO ACQUIRE YAHOO

A top official of Microsoft has sent an email to the workers to outline the vision of how to acquire Yahoo and to merge the cultures and resources of both. On February 11, Yahoo had rejected the Microsoft's bid of $44.6 billion to take over Yahoo. It is said that Microsoft is planning to increase its bid amount to acquire yahoo. Kevin Johnson, President of Microsoft (platform and services division) sent a mail to his employees. In the mail, he said "We look forward to an effective and useful dialogue with Yahoo's management, board, share holders, and employees on the worth of the combination and its strategic and financial benefits". "If everything goes well, the take over will be done in the second half of this financial year", he added.

TATA BUILDS TIDEL PARK III IN CHENNAI

The approval for the construction of TIDEL Park III has been given by the Tamil Nadu government. Tata Realty and Infrastructure Limited was the lone bidder in a tender called by TIDCO for the construction this IT Park as well as an integrated international convention center. It had bid Rs 1,326.42 crore for leasing 25.27 acres of land near the American International school. It is estimated that the project will cost Rs 3,500 crore for the construction of IT Park and the Convention center as well other commercial space of 4-million sq ft.

PAK TO NEGOTIATE NUKE DEAL WITH CHINA

After NSG gave a clean waiver for the Indo-US nuclear deal, the great Indian rival Pakistan is going to negotiate a similar deal with its closest ally China. Sources said that the Islamic nation was already in touch with China to clinch the deal to meet its current and future energy demand, which got worst affected since 2007. Pakistan’s new President Asif Ali Zardari will be visiting China next week to participate in the closing ceremony of the Paralympic Games and talks will be held between the two country leaders to get a deal his visit.

PDP OPPOSES ELECTIONS IN J&K

The (PDP) People's Democratic Party said the party would oppose any move of conduct the Assembly elections in the state of Jammu & Kashmir. After meeting with the Chief Election Commissioner Gopalaswami, PDP’s general secretary Nizamuddin Bhat told the reporters that the current situation in the valley was not suitable to conduct the polls. He added that the people in the valley are very angry due to the incidents which happened after the controversial Amarnath land allotment order, which polarized the state on communal lines. So any move to conduct the polls will further worsen the situation, he added.

COGNIZANT TO ENTER MADURAI

Lakshmi Narayanan, Cognizant’s Vice-Chairman, said that the temple city 'Madurai' will be in its radar to expand the operations of the software firm. Mr.Narayanan who is also serving as the chairman of NASSCOM (National Association of Software and Services Companies) came to Madurai to commence the competitions organised by the Thiagarajar College of Engineering for the school students. While replying for a question, he said that he will not comment on the name of the cities in which Cognizant is going to expand but it had shortlisted five cities for its future operations and Madurai is one of them.