The Oxford University has announced the opening of its controversial Biomedical Science building. The construction was stopped in July 2004 after animal rights protests aimed at contract workers on the site, but was resumed in November 2005 after the university obtained a court order limiting demonstrations to one day a week.

The First Mice for research, which will play a key part in biomedical research, have been delivered at the facility.

The latest news reports suggest that Eric Schmidt, Google Inc. chief executive officer won’t take a technology post in President-elect Barack Obama’s cabinet. In a TV interview conducted on Friday, Schmidt declined such a post.

During the campaign for the presidency, Obama said, “I would create a cabinet post similar to a chief technology officer to advice on tech issues.” Some watchers claimed to have seen Schmidt, a strong supporter of Obama, most likely with the motive to be tapped for that post.

The state unit of congress party in Gujarat demanded white paper on concessions offered to Tata's Nano project by the ruling Narendra Modi government. An anonymous note circulated in vernacular media alleged that TATA is offered big sops for establishing Nano project in the state for publicity of state chief minister Narendra Modi.

Indian telecom sector is expanding its base despite tight economic conditions and global slowdown. Country witnessed record increase in GSM subscriber in October. It has now become the fastest growing mobile market of the world, where telecom companies are offering services at quite low rates.

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In a bid to ease the liquidity pressure in the monetary system, the union government has directed public sector enterprises to keep their surplus funds with public sector banks (PSBs) without any competitive bid. Total surplus funds amounts to about 1,00,000 cror. This amount would meet fund requirement of the banks, as they have already used funds to cover government sponsored farm loan waiver and other debts.