India-US meet to explore mutual business opportunities - Hindustan Times

A 40-member business delegation from India will explore business opportunities in information technology, energy, aerospace and defence, telecommunications and mobile during the Indo-American Chamber of Commerce (IACC) Summit here May 22-25.
Hosted by Fairfax County, a Washington suburb in Virginia and Fairfax-based George Mason University, the summit for US-India Trade & Economics (SUITE 2012) will be the third IACC summit in the US and the first outside New York City.

During SUITE 2012, attendees will meet with senior US government commerce and trade officials and Indian government officials in Washington, DC.

They will also tour Fairfax County facilities and communities and network with Indian-American business leaders whose businesses have invested and created jobs in Fairfax County.

"SUITE 2012 will provide an opportunity for the Indian business community to explore and leverage potential synergies with the US as a strategic business partner," said RK Chopra, secretary general of the IACC.

"Fairfax County-with its vibrant business community focusing on IT, telecom, defence, aerospace and energy efficiency management-has provided us with an excellent platform to develop and expand business relationships with the US"

"I am honoured to welcome the IACC delegation to Fairfax County and Virginia," said Gerald L Gordon, president and CEO, Fairfax County Economic Development Authority (FCEDA), a supporting partner for the summit.

"Indian companies develop world-class products and services, and we are delighted to have the opportunity to show off Fairfax County as a great location for them to locate and expand in the US market," he said.

More than two dozen companies from India have a presence in Fairfax County.

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'Android being activated on 850,000 devices daily' - Hindustan Times

Google Inc. CEO Larry Page arrives at the Robert F. Peckham Federal Courthouse in San Jose, California. Credit: Reuters/Norbert von der GroebenGoogle Inc's chief executive said the company's fledgling social network, Google+, has scored more than 100 million active users, and he reiterated the Internet search giant's commitment to making long-term bets.

Larry Page, also co-founder who took over the top job from Eric Schmidt in April

2011, said in a 2012 strategy update that the search giant had made progress revamping Google around key business opportunities.

Page said that Google's smartphone operating system, Android, was being activated on 850,000 mobile devices every day.

He signaled Google's intentions to make hardware devices when its $12.5 billion acquisition of Motorola Mobility Holdings closes later this year, even as some observers have speculated that Google was only interested in the company for its extensive patent portfolio.

"We are excited about the opportunities to build great devices capitalizing on the tremendous success and growth of Android and Motorola's long history of technological innovation," Page wrote.

Founded by Page and Sergey Brin in 1998, Google has grown into a corporate behemoth, with roughly $38 billion in revenue last year and nearly $45 billion in cash and securities on its balance sheet as of the end of September of 2011.

While Google has dominated Internet searching for a decade, the company has struggled to find its footing in social networking, with Facebook, Twitter and other start-ups stealing Web traffic and engineering talent.

Since Page took back the reins in April 2011, Google has moved aggressively to make the company a force in the fast-growing social networking market, with the launch of its Google+ social networking service.

"Our goal is long-term growth in revenue and absolute profit—so we invest aggressively in future innovation while tightly managing our short-term costs," Page wrote.

Page did not provide any new financial details in his letter. Google is due to report its first quarter financial results next week.

Google has also faced criticism about some of its privacy practices during Page's tenure. And it has drawn fire over its search rankings system, with some accusing the search company of favoring its own products over rival services.

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