Six Core Industries in India

The Index of Six core industries have a combined weight
of 26.7 per cent in the Index of Industrial Production (IIP) with
base 1993-94. So it is a very important indicator of India's growth.

During April-February 2010-11,
six core industries registered a growth of 5.7% (provisional) as
against 5.4% during the corresponding period of the previous
year.
Index of Six core industries contains following six core industries.

1-Crude Oil


2-Petroleum Refinery Product

3-Coal


4-Electricity


5-Cement


6-Finished (carbon) steel

India's export data

Microsoft to ‘Support’ Cloud Computing Startups in India

Microsoft Corp. (MSFT), the world’s largest software maker, will provide financial “support” to four cloud-computing startups in India, Chief Operating Officer Kevin Turner said.

The support will be in the form of “grants” and will amount to about $100,000 in total, Turner said in Mumbai today, without elaborating.

Microsoft and Adobe Systems Inc. are among companies that will gain from a U.S. government shift of as much as $20 billion in e-mail, website management and claims processing systems to so-called cloud computing. Microsoft is betting businesses will increase spending on computing services and applications accessed through the Internet instead of through individual servers and plans to spend 90 percent of its $9.6 billion research and development budget on cloud strategy this year.

Source: http://www.bloomberg.com