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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.

Ashish Kapur of Invest Shoppe believes that Indian Markets will remain range-bound for next few trading sessions. He has suggested investors to remain invested as the markets should see positive trend over the next one month.

During an interview on NDTV Profit, Ashish suggested Videocon, Kesoram, Ceat and HDFC for long term investment perspective.

Rating agency S&P has given better rating of "Neutral" for India, compared to earlier "Negative" based on the recent recovery in the Indian business outlook.

Hardik Jain has suggested buy call for Reliance Industries with a target of Rs 1130. Reliance is actively looking to acquire stake in companies in energy sector overseas.

The stock closed the week at Rs 1089 on BSE, after registering a gain of Rs 15, or 1.37%. The stock touched an intraday high and low of Rs 1095 and 1070 respectively.

Reliance Industries is currently trading at a P/E multiple of 24. The stock has touched 52-week high and low of Rs 1245 and 679.