New York, Mar 04: Strengthening its research activities in India, leading internet firm Yahoo! on Tuesday said it has launched a new research and development (R&D) lab in Bangalore.
First of its kind in the country, 'Yahoo! Labs - Bangalore' would be a centre of excellence for next generation search and advertising technologies, focused on making the web more relevant and simple for users and advertisers, the firm said in a statement.
The internet firm is fighting a USD 44.6 billion takeover bid from software giant Microsoft since the beginning of February.
Interestingly, Yahoo! had recently announced plans to cut down its worldwide workforce by 1,000 employees, which was followed by about 40 people being told to quit at its India operations in Bangalore. The move was aimed at reducing its annual expenditure.
http://www.zeenews.com/articles.asp?aid=428207&sid=BUS&ssid=54
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