Medvedev to tour Silicon Valley, seek investors
MOSCOW - Russia's Dmitry Medvedev visits Silicon Valley for the first time on Wednesday, eager to reinvent his country's outmoded, oil-dependent economy - and lure talent and money from the high-tech capital.

BANGALORE/HYDERABAD - India's software sector Monday welcomed the extension of tax holiday on export profits to 2010-11 from this fiscal, rationalisation of multiplicity of taxes on packaged software and abolition of fringe benefit tax (FBT) but felt that the increase in minimum alternate tax (MAT) would have adverse impact.

NEW DELHI - The government expects to raise as much as Rs.35,000 crore ($7.2 billion) from auction of third generation (3G) spectrum, Finance Minister Pranab Mukherjee said Monday while presenting the budget for 2009-10 in the Lok Sabha.

NEW YORK - In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence.

MOSCOW - Nearly two decades after the Soviet collapse set Russia's roulette wheels spinning again, Prime Minister Vladimir Putin is calling in the chips on the gambling industry - a symbol of the glitz and excess of Russia's oil-fueled boom.
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