New Delhi, May 18 (ANI): The recent data theft by hackers from two Indian companies processing prepaid cards for several overseas banks, which led to a global fraud of 45 million dollars, has made India's 100 billion dollar IT industry a primary target of spam, phishing and viruses. The security breach has reopened the debate on IT security norms followed by Indian firms and the role played by 'ethical' hackers.

Beijing, May 18 (Xinhua-ANI): U.S. stocks bounced back on Friday to end the week for a fourth straight gain, with the Dow Jones Industrial Average and S and P 500 closing at all-time highs.

The blue-chip Dow surged 121.18 points, or 0.80 percent, to 15, 354.40 points. The broader S and P 500 soared 15.65 points, or 0.95 percent, to 1,666.12 points. The tech-rich Nasdaq Composite leapt 33.73 points, or 0.97 percent, to 3,498.97 points.

New Delhi, May 18 (ANI): Chief negotiators of India and the European Union (EU) met here from May 15 to May 17 and concluded another round of negotiations for the India-EU Broad-based Trade and Investment Agreement (BTIA).

An official press release said that all issues were put on the table for discussions.

Negotiators on both sides felt that some positive movements have been accomplished, though they admitted that many critical issues still needed to be discussed further.

New Delhi, May 18 (ANI): The government has said that the nation's economy is on right track and that reforms will continue.

Expressing its disappointment over Standard and Poor's (S and P) assessment, the Finance Ministry said the government's fiscal policies are going in the right direction and there is nothing to be worried about.

New Delhi, May 18 (ANI): The negative outlook affirmation by S and P for India's BBB- status is unfortunate, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), has said.

New Delhi, May 17 (ANI): The Confederation of Indian Industry (CII) has welcomed the decision taken by the Government to allow incorporation of 'call' and 'put' options in shareholders' agreement.

The proposal to remove restrictions on using options in shareholders' pact for MandA and PE transactions would encourage inflow of foreign investment into the country, said CII President Chandrajit Banerjee in a statement.

Tokyo, May 17 (ANI): Fujitsu, one of Japan's leading global brands offering IT products and services, launched new services based on cloud computing at the Fujitsu annual forum in Tokyo.

The company aims to target the Japanese domestic market worth 3 billion US $ in this financial year.

Tokyo, May 17 (ANI): Commerce, Industry and Textiles Minister Anand Sharma, addressing the India Investment Roundtable jointly organized by the Department of Industrial Policy and Promotion (DIPP) of Ministry of Commerce and Confederation of Indian Industry in Tokyo today, invited leading Japanese companies to invest in India and become partner in the growth story of India for mutual benefit.

London, May 17 (ANI): Finance Minister P Chidambaram has said that the Group of Ministers (GoM) formed by the government will work towards giving functional autonomy to CBI, but at the same time asserted that accountability is important.

The government will give CBI functional autonomy and will ensure a large degree of functional autonomy to the agency in the matters of investigation, Chidambaram, who is on an official visit to UK told NDTV.

New Delhi, May 17 (ANI): The Union Cabinet has approved the proposal to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL) to undertake direct chartering of ships without going through the centralized chartering organization under the Ministry of Shipping and Road Transport, namely TRANSCHART.

London, May 16 (ANI): Amazon's UK subsidiary has paid 2.4 million pounds as corporate tax as it earned sales worth 4.3 billion pounds last year.

Amazon's tax contribution is relatively low compared to its sale profits which it earns not only from its UK subsidiary but also via a Luxembourg affiliate, the BBC reports.

London, May 16 (ANI): HSBC is determined to slash 14000 jobs despite earning huge profits and plans for a cost-cutting worth 2 billion pounds over the next three months.

HSBC's chief executive Stuart Gulliver administered 46000 job cuts since joining the firm in 2011, the Mirror reports.

Gulliver said that the bank will continue to exert pressure on cost cutting disciplines while streamlining processes and procedures so that the bank can invest more in growth and global standards.

Noida (Uttar Pradesh), May 16 (ANI): Amity Innovation Incubator, Amity Centre for Private Equity and Venture Capital together with TiE- The Indus Entrepreneurs organized India Symposium-Connecting Investors to Opportunities at India Habitat Centre, New Delhi for Entrepreneurs actively looking at raising Angel or Series A or Series B funding, Investors, Fund Managers and Professionals looking for a career move in Investor Community.

Mumbai, May 16 (ANI): The Reserve Bank of India (RBI) will launch inflation-linked bonds every month to attract household savings of up to Rs.15,000 crore in fiscal 2013-14, so as to discourage investments in gold.

The RBI said that in consultation with Government of India, it has decided to launch Inflation Indexed Bonds (IIBs).

The first tranche of IIBs 2013-14 for between Rs.1,000 and Rs. 2,000 croress will be issued on June 4.

New Delhi, May 15 (ANI): Finance Minister P. Chidambaram left today on a five-day three nation tour of UK, France and Qatar.

During the first leg of his foreign visit, Chidambaram will arrive in London this evening.

New Delhi, May 15 (ANI): Air India will resume domestic operations of grounded Boeing 787 Dreamliner planes from today.

Talking to media here yesterday, Civil Aviation Minister Ajit Singh said, the first commercial flight of the Dreamliner will start from Delhi to Kolkata on Wednesday.

Sydney, May 15 (ANI): In a rare strategic alliance, Microsoft has paired up with Google to provide its users with an opportunity to login to Google Chat for exchanging instant messages and make audio or video conversations.

The official tie-up has been a rare occurrence amid strained connections between Microsoft and Google, News.com.au reports.

New Delhi, May 14 (ANI): Renowned Indian American health expert Mukesh Hariawala will address the fourth edition of the India Leadership Conclave 2013 in Mumbai next month.

Harvard trained and internationally acclaimed Indian American healthcare economist and cardiac surgeon Dr Mukesh Hariawala will deliver the keynote address with the theme President Barack Obama 2nd Term - Business Implications on Indian Healthcare .

New Delhi, May 14 (ANI-Business Wire India): The Government of India's Department of Biotechnology (DBT) and Bharat Biotech have announced positive results from a Phase III clinical trial of a rotavirus vaccine developed and manufactured in India.

Data from the trial, presented today at the International Symposium on Rotavirus Vaccines for India-The Evidence and the Promise, showed ROTAVAC to have an excellent safety and efficacy profile.

London, May 14 (ANI): Fashion chains in Bangladesh have agreed to sign up to a legally binding agreement to help finance fire safety and building improvements in the factories, following an order by the Bangladesh Government to allow the country's four million garment workers to form trade unions without permission from factory owners.