Google, others team to invest in India
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Google.org, the philanthropic arm of Google Inc., has teamed up with the Soros Economic Development Fund and Omidyar Network to fund a $17 million company that will invest in small- and medium-size business in India.
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By Associated Press  MOUNTAIN VIEW, Calif. -- A coalition of technology companies and environmental groups led by Google Inc. and Intel Corp.
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Google Inc., the world's biggest Internet search engine, plans to fund development of technology for hybrid and electric cars. It also switched on a solar-panel installation at its headquarters.
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Michael Liedtke at the AP reports that Sergey Brin, Larry Page and Eric Schmidt plan to sell some shares of GOOG. The co-founders of Google, Larry Page and Sergey Brin, each plan to sell as many as 7.2 million
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RBC, 19.11.2004, Moscow 17:06:44.Gazprom will cooperate with India-based Gas Authority of India Limited (GAIL) focusing on energy supplies to this country.
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Google said it invested $3.9 million this month in 23andMe, a biotech company co-founded last year by Sergey Brinâs wife.
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Indian professionals, venture capitalists (VCs), and entrepreneurs of Indian origin helped promote India as an outsourcing destination, according to a study conducted for the World Bank Institute in Washington, D.C., by Evalueserve Inc., a business intelligence and research firm.
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(InfoWorld) - Ethiopia, South Africa, Ghana, and Mauritius will be the initial countries for the Indian government's $1 billion Pan Africa E-network project, a joint initiative with the Africa Union (AU). The project aims to develop Africa's information and communication technologies by eventually connecting all of the 53 African countries to a satellite and fiber-optic network. To launch first in Ethiopia, the project is seen by some as Africa's biggest ICT project ever, with online education and telemedicine programs expected to extend ICT infrastructure to rural areas and other underserved communities. India hopes the investment will help it to sell more telecoms gear to Africa, including VSATs (very small aperture terminals), as well as IT services for telemedicine and other social applications. It has said it wants to make inroads into Africa's ICT markets before China steps up its investments there. The telemedicine network will be used to share knowledge from Indian doctors with their African counterparts through online training programs, River Wallang, the Indian High commissioner to Zambia, said in an interview last month in Lusaka. The education network will allow similar information sharing, he said. Africa faces several challenges to building out its ITC infrastructure, including nonexistent or low capacity national and international communications backbones, Zambian president Levy Mwanawasa said recently. âAfrica needs nothing less than the development of broadband infrastructure if the continent is to move together with the rest of the world,â he said, at an event to launch the cellZ network (mobile phone service provider) in Zambia's western province last month. The Africa Development Bank has also announced plans to invest $1 billion in the continent's telecommunication and energy infrastructures. The E-network project was first announced by Indian president Abdul Kalam in South Africa in 2004. In October 2005, the Indian government and the Africa Union signed a memorandum of understanding to formalize the project. The AU, in Addis Ababa, is an organization chartered to accelerate economic development and peace in Africa. The Indian government has already established tele-education and telemedicine hubs in Bangalore and Ahmedabad. It will establish a hub in Africa to act as the main contact point between Africa and India and oversee the delivery of services. ICT has been identified as the main growth area in India-Africa trade relations, Erastus Mwencha, secretary general for The Common Market for Eastern and Southern Africa (COMESA), said recently.
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Mobile phone firm Bharti Enterprises, which aims to start a chain of retail stores in India with US-based Wal-Mart, said it will invest up to 2.5 billion dollars in the project by 2015.
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Google is forming partnerships with hundreds of smaller media companies that see value in contributing to the site.
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By Manash Goswami  Reliance Industries, the most valuable company in India, approved a plan to buy all the shares it does not own in Indian Petrochemicals, aiming to consolidate chemicals manufacturing in one company.
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Google Inc. co-founders Larry Page and Sergey Brin each plan to sell up to 7.2 million shares of their stock in the online search engine leader during the next 18 months &#151; divestitures that would generate windfalls of more than &#36;1 billion apiece at current market prices.
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Google's plans for an inventory-reduction service could be worth billions to global companies.
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A UK company is formed specifically to help more businesses outsource their operations to India.
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Google Inc  is in early talks to join a group looking to lay a high-speed, trans- Pacific undersea cable that could potentially lead to the Internet company becoming an investor in the project, according to the Wall Street Journal.
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General Electric Co. GE.N said on  Friday that two private investment firms completed a deal to  buy a majority interest in its India-based back office unit.
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MOFFETT FIELD, Calif. -- Google Inc. and NASA A