New Delhi  - Indian Finance Minister P Chidamabaram on Tuesday asked industry to cut prices and maintain production levels and said he was confident that the economy would bounce back in a year, news reports said.

"We will take steps to stimulate the domestic economy to compensate for the downside caused by the downturn in the world economy," Chidambaram said at the Davos-based World Economic Forum's India Economic Summit in New Delhi.

New Delhi, Nov 18 : Finance Minister P. Chidambaram today said that India will take steps to stimulate the economy to offset the impact of the global economic slowdown.

Addressing at the World Economic Forum''s India Summit here, the Minister said, "India has already cut interest rates and taken a series of measures to boost liquidity in its banking system after the credit crisis spilled into its markets in October."

New Delhi  - Egyptian President Hosny Mubarak, who is on a four-day state visit to India to strengthen strategic and economic ties, was scheduled to hold talks Tuesday with Indian Prime Minister Manmohan Singh.

Singh and Mubarak, who was visiting India for the first time in 25 years, were expected to discuss enhancing economic ties as well as cooperation in world bodies like the United Nations and World Trade Organization, diplomatic officials said.

The Egyptian leader - accompanied by a 150-member delegation, including five senior ministers and leading businessmen - was accorded a ceremonial reception earlier in the day at the presidential palace in New Delhi.

New Delhi, Nov. 18 : Union Finance Minister P. Chidambaram today said that steps to counteract the present economic slowdown will include ensuring adequate liquidity, price reductions by industry and efficient credit delivery mechanism.

Addressing the session on "Risks to India''''s Economy in a Post – Crisis World" at the 24th India Economic Summit jointly organized by Confederation of Indian Industry and World Economic Forum here, Chidambaram showed great optimism about the prospect for growth in India.

In order to fortify its commitment for a high performance computing, Microsoft Corporation India on Monday added another feather to its cap by launching the Release-to-Manufacture of Windows HPC server 2008.

Windows HPC server 2008 offers an easy-to-deploy cost-effective and scalable high-performance computing solution-which combines the power of Windows server platform with rich,out-of-the-box functionality to help enhance productivity and reduce complexity of any given HPC environment.

In order to catch the attention of Indian customers, global leading manufacturers of IT products, ASUS, on Monday launched its new motherboard, ASUS P5KPL-AM PS.

ASUS P5KPL-AM PS offers an Anti-Surge Protection technology, which protects the motherboard and CPU from voltage fluctuations, built-in in 5000hr VRM (voltage regulator module) and support for 45nm Intel chips.

With this, users will be able to install the latest Penryn and Nehalem desktop processors.