Sergey Brin comments on Yahoo, Microsoft Search Outsourcing Deal

Sergey Brin comments on Yahoo, Microsoft Search Outsourcing DealTaking Thursday's Web 2.0 Summit in San Francisco by surprise, co-founder of Google made an appearance at the venue and answered numerous curious questions which are currently affecting the search engine company. This was also where he stated that Yahoo's latest decision to get into a search outsourcing deal with software giant Microsoft is lamentable. The statement came when Google's mastermind was being interviewed on stage by Conference Chairman John Battelle.

Under the said deal, Yahoo would have to do away with its current back-end search indexing and crawling systems and make use of Microsoft's new search engine Bing as a mode of powering its own search engine.

While Brin did not fail to compliment and congratulate Yahoo on trying new things and putting forward interesting innovations, he did express his disappointment on the decision taken by Yahoo which is currently the second largest search engine after Google. "I think it's a shame Yahoo plans to abdicate that area because they were doing interesting things", Brin said.

Although Brin made no comments on his thoughts on Government regulations and whether it should approve the Yahoo-Microsoft deal or not, he did admit that via Bing, everyone, including Google, has been reminded that the search engine market is very competitive.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.