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In a bid to maximise the consumer offerings Channel five has released its first high-definition channel, which encloses an agreement with BSkyB.

According to Channel Five, which is running short of finances, it had plans to launch the HD version by 2012 on Freeview. With this current move, it would fasten the path by July and the users might be able to view their favourites on Sky's satellite service.

Microsoft, the search giant ranking next to Google (after collaborating with Yahoo), signified the importance of the colour 'blue' seen in its links.

A report from Microsoft suggested that the Bing underwent a number of options in its development stage for suitable colours and eventually featured blue, which was opted by users.

It was further stated by the company's Experience Manager, Paul Ray, that the company spent a humongous $80 million in finalising the exact tone of the colour.

The latest version of Microsoft Office is set to enter the Indian market by June this year. Microsoft Corp.'s India Chairman Ravi Venkatesan informed that the company would launch its MS Office 2010 for Indian users in June.

It would be available both for the business usage and consumers. Users of MS Office across the globe are eagerly waiting to use this application suite. This version of Office was expected to carry web applications and file sharing features.

Xerox Corporation, inaugurated its first ever innovation hub in India at the Olympia Technology Park in Chennai.

The concept of such initiative is to bring Xerox's scientists & engineers and leading Indian academic institutions, research labs and industry partners under one roof. "Open innovation" is the motto of this particular project. The hub will undoubtedly act as a link between Xerox Corporation and India.

The petrol prices in Australia have soared a great deal. They have touched a 16-month high and there will be only a slight relief in the short-term, experts believes.

According to the data given by Australian Institute of Petroleum, the price of unleaded petrol was $1.22 at the end of February. The price of the same has increased by 16 cents per litre to become $1.38 since the end of last month. And if the international crude prices are factored in, this is expected to go even higher. Price of crude has doubled in the international market in recent few months.

In a discussion paper released by The Australian Prudential Regulation Authority (APRA), it has asked for more regulatory control over conglomerates. It is seeking dramatic broadening of its supervisory mandates in order to keep an eye on the doings of the big companies.

The regulator is eyeing for the financial conglomerates, in particular, something which is not yet a part of its work area.

The discussion paper has asked that Level 3 supervisory framework be included in the list where Level 1 and 2 are already existent.