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Survey: Patent Applications Rise Ten-Fold
Frontline IT companies have seen a ten-fold increase in the number of patent applications made over the past five years, an indication of the growing push toward automation and higher margin offerings. Data from industry body Nasscom show that Tata Consultancy Services, Infosys, Wipro and others filed for about 1,500 patents in fiscal year 2014 compared to only 150 in 2009.
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Inaugurating GE's multi-modal manufacturing facility in Pune, Prime Minister Modi said there are immense possibilities for manufacturing in India, as investors are drawn to the country's young and skilled workforce.
Top American officials are participating in the Aero India air show being held in Bengaluru, India from February 18-22. The U.S. delegation is headed by U.S. Ambassador Richard Verma and includes several senior officials and senior military leadership from the U.S. Pacific Command.
Prime Minister Modi and former New York Mayor Michael Bloomberg announced a partnership between Bloomberg Philanthropies and the Government's Ministry of Urban Development to advance the Smart Cities initiative. The effort is meant to promote economic growth, improve governance and deliver more effective public services to India's urban residents.
The Reserve Bank of India has allowed bonds issued by multilateral financial institutions such as the World Bank Group, the Asian Development Bank and the African Development Bank in India to be eligible securities for interbank borrowing. The move will further develop the corporate bonds market, 
The Government plans to create an electronic innovation fund to promote research and development activity, 
