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Citigroup Inc. has confirmed hacking of its bank's network and said that computer hackers breached the bank's network and accessed the data of about 200,000 bank card holders in North America.

Sean Kevelighan, a U. S.-based Spokesman of Citigroup, said that the company is contacting customers whose information has been stolen. He said that the bank has implanted improved techniques to prevent the reoccurrence of any such incident.

According to reports, the Indian government plans to roll out the first set of its low-cost computing device, as almost 10,000 devices will be sent to the IIT-Rajasthan later this month.

Also, in the next four months, 90,000 extra devices will be released nationwide, and will cost Rs 2,200 while 50% of the cost will be subsidized by the Centre, as the government intends to maintain the price of the gadget, for the students, at roughly Rs 1,000.

Strike at car maker Maruti Suzuki's north Indian plant is yet not over, resulting which the company has faced a production loss of 4,200 vehicles till date.

Government's projections for moderation in the rate of price rise of food items is really not seeing results as the food inflation has now jumped to a two-month high of 9.01% for the week ended May 28 with costlier fruits, onions and protein-based items in the region.

According to the calculations of Wholesale Price Index (WPI), food inflation was 8.06% in the last week, which was similarly high to 20.62% during the last week of May, 2010.

Bharti Airtel is seeking to expand its 3G licenses to more place in Africa within the next year. 3G is the company’s biggest focus for the next year and Airtel is hoping to get more licenses in 16 more countries.

Manoj Kohlo, Chief Executive for International Operations, is worried that Zain’s tariff at 30-40% premium was not sustainable. Airtel bought Zain’s African business last year for $9 billion.

India’s car industry has seen its slowest growth in two years. Due to high fuel prices, interest rates and vehicle cost, less people are buying vehicles is the world’s second-fastest growing vehicle market.

By May 2011, prices for fuel have rose by 8.6%. India is also battling with high inflation. In order to deal this problem, India’s banks have raised interest rates nine times since March of last year. They are expected to rise again this month.

Sales in China are also expected to slow down after the government stripped away its incentive policies at the end of 2010.