TIMELINE - The rise of multinational IT in India
REUTERS - Multinational companies have been setting up information technology operations in India for more than 20 years. Following are some highlights of the move:
1988
-- Intel starts its Indian operations by setting up a sales office in Bangalore.
1989
-- Hewlett-Packard begins R&D work in India.
1993
-- Oracle, one of the first multinationals to set up an Indian back-office operation, launches a wholly owned subsidiary in India to develop its software programs.
1994
-- Oracle opens India Development Center in Bangalore. Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
editor's choice
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. Slideshow | Full Coverage











