Tata Consultancy Services (TCS), India's top software services exporter, has reached an agreement with US-based Citigroup to acquire all of the latter's interest in Citigroup Global Services Ltd. (CGSL) for US$ 505 million.

The increasing rate of suicides being committed by the farmers in India has shocked the whole world, and with a deep concern, Prince Charles of Britain recently tried to opined that the reason behind the agony of the Indian farmers is the use of “Genetically Modified (GM) farming techniques”. The British Prince stressed on the use of traditional methods of farming, since the failure of GM crops varieties in India has added to the worsening conditions for the farmers. 

The body of software and IT services, Assocham said that India can witness a jump in E-shopping for the coming festival season in India. The E-shopping would grow by 180 percent and is expected to touch Rs 15,000 crore marks during Dusshera and Diwali in the metros and large towns like Lucknow and Chandigarh.

With the aim to form a database to observe and store internet browsing, emails and phone calls of very Briton, a whopping sum of £12 billion would be spent by the UK government. 

A well known newspaper of London reported on Sunday that the communication headquarters (GCHQ) of the government has already been allocated one billion pounds in order to finance the first stage of the project, which is being formed with the aim to fight terrorism and rising crime. 

New York/Dresden, Germany - US chipmaker AMD plans to restructure its German-based manufacturing operation in Dresden in a bid to cut costs, US media reports said Tuesday.

The company plans to form a new joint venture, which will receive up to 6 billion dollars in funding from an investment company in Abu Dhabi, the reports said.

The aim is to reduce costs by producing chips for other companies as well as AMD, the reports added.

According to the Wall Street Journal, the new venture will be called Foundry Co.