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Foreign direct investment in the country declined by 25 percent to USD 2.04 billion in January compared to the same month last year, snapping a trend of positive growth in the previous three consecutive months. In January 2009, FDI inflows were USD 2.73 billion.<br><br><br>�

Infosys Technologies Wednesday said the number of outsourcing deals was rising due to a recovery in the global economy. Infosys and its rivals such as Tata Consultancy Services and Wipro had seen a sharp drop in demand for outsourcing services and pressure on prices a year ago. <br>�

China's exports grew strongly in February in a new sign of a rebound in global demand, government figures showed Wednesday.Exports were up 45.7 percent in February over a year earlier, the Chinese customs agency reported, beating forecasts by private sector analysts of 35 to 40 percent growth.�

The government is not considering selling equity in Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), Petroleum Secretary S Sundareshan said today. &quot;There is no serious consideration (on follow-on public offerings in IOC and ONGC) at this juncture,&quot; he told reporters.�

The ailing national carrier Air India has decided to increase the domestic capacity by 10 per cent from March 29 to tap the summer rush, besides introducing in-flight entertainment on the metro routes, according to a senior airline official.�

Cisco Systems on Tuesday unveiled super-fast Internet hardware that promises to boost US competitiveness and bolster economic recovery by moving mountains of data at astounding speeds.<br>�

State-owned steel maker SAIL Wednesday said it will increase its annual production capacity in a phased manner, taking it to 26 million tonnes by 2014. At present, SAIL is undertaking a Rs 70,000-crore expansion programme to raise its annual production capacity to about 23 million tonnes by 2012.�

Consumer electronic goods major Sony India is targeting a 30 percent market share in the liquid crystal display (LCD) television segment in 2010-11 from the present 25 percent, a top company official said�

Technology multinational IBM has tied up with the National Institute of Design, Ahmedabad, and the Research Centre for Advanced Research and Technology of the Tokyo University to launch a new initiative to make mobile phones more user-friendly for the elderly, the illiterate and the semi-literate.�

Over 1.73 lakh workers from Kerala have returned to their state after losing jobs in the Gulf from October 2008 to July 2009.Out of this, 37,000 persons lost employment due to global economic crisis, he said in a written reply in the assembly.�

Sensex, moved higher by 0.62 per cent while the wide-based Nifty gained 0.54 per cent at 5128, above 5100 mark.Buying demand in index pivotals led by index heavyweight Reliance Industries (RIL) pushed the key benchmark indices to the day's high in morning trade. Asian stocks were trading mixed.�

Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more. Owners say Toyota concealed safety problems from buyers.�