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Expanding its RealPresence video platform with cloud solution, Cisco's videoconferencing rival Polycom has expressed the hope that its RealPresence CloudAXIS rollout will give it a leading edge in the cloud-based products' market.

Noting that the market is apparently set to be worth $12 billion by 2015, Polycom said in a Monday statement that the RealPresence CloudAXIS Suite will essentially address the problems related to "interoperability issues and inconsistent user experiences," which prevent video from being taken up massively.

In an evident attempt to help developers create top-notch apps for the Android-based tablets, Google has recently come up with a "tablet app quality checklist," which gives all Android app developers - especially those who have been been developing apps Android handsets - step-by-step guidelines for the bigger form factor.

Tablet PC makers sold more than half a million units in India in the quarter through June this year, according to a fresh report by CyberMedia Research (CMR).

In its India Quarterly Media Tablet Market Review, CMR said that manufacturers sold 0.55 million tablets in April to June quarter of this year, as compared with 71,788 units in the corresponding period of previous year.

In the first quarter of 2012, the total sales stood at 0.34 million.

Expenditures on biodiversity should be treated as investment as these expenditures will pay back in future, Convention on Biological Diversity (CBD) executive secretary Braulio Ferreira De Souza Dias said.

Speaking at the United Nations' eleventh meeting of the Conference of the parties (COP-11) to the CBD in Hyderabad, Braulio admitted that countries are now facing financial crisis, but added that crisis time provides the best opportunity to make real changes in the way of doing business.

Taking recent developments related to single brand foreign direct investment (FDI) in retail positively, Swedish furniture retailer IKEA has announced its plan to open its stores in India.

Last month, the government of India relaxed rules on sourcing from local suppliers to encourage foreign investors to invest in the country.

IKEA said in an emailed statement that it had already filed application to start trading in India - the second most populous country of the world, after China.

National carrier Air India will hit the market with its long-awaited Rs 7,400-crore bond issue very soon, two sources familiar with the development revealed.

The sources said that the debt-ridden carrier would get finance ministry's nod for the fund-raising exercise within a fortnight.

Air India is banking heavily on the planned bond sale as it is currently reeling under a massive debt of more than Rs 43,000 crore. It wants to raise money via the bond sale to ease the interest cost on the massively expensive working capital loans.