In order to mollify antitrust regulators who are threatening to block the alliance, a list of concessions has reportedly been submitted by Google Inc. and Yahoo Inc. This list will deflate their proposed Internet advertising partnership.

During the weekend, the U.S. Justice Department received the revisions from the two companies.

With the aim to enhance user experience in India, the world’s largest Internet ‘search’ space player, Google, has brought improvements in its search engine through the help of advanced algorithms.

With the help of feedback received from the Indian users and the experience of other players in the filed of Internet search; the company has set the motive to finetune the experience of the users.

US credit card and banking giant, American Express is likely to start retrenchment drive in India and other locations. It would retrench about 10 percent workforce, cutting around 7,000 jobs. The staff would be eliminated in all business units, including markets and staff groups. Some staff in its Indian operations is also likely to be laid off.

SBI Card would release a financial package for defaulting clients. SBI card is the joint venture company of State Bank of India and GE Money. SBI card intends to help those customers who have been good at repaying in the past, but have failed to repay following the turbulent global financial conditions. The company y would restructure its card-portfolio to check further defaults.

The South Korean steel giant, Posco-India is committed to complete Posco's Orissa project, despite global financial crisis. The director of Posco-India project, Mr Sung said that the global slowdown would not affect the project and company would go for Rs 51,000 crore projects in Orissa. He also reviewed the work of the project in a meeting called by the chief secretary Mr Ajit Tripathy.

In a formal announcement, one of the leading financial services groups of India, Religare Enterprises (REL), confirmed that it has agreed to acquire Lotus India asset management company (Lotus India AMC) from its majority shareholders - Alexandra Fund Management and Sabre Capital.

Informing the Bombay Stock Exchange of the intended proceedings, REL said that its board of directors has approved a proposal to discuss, negotiate and finalize the terms for acquiring 100 per cent or majority equity shareholding of Lotus.