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IT and BPO service provider iGATE Corporation has announced it would delist its offshore subsidiary, iGATE Global Solutions Limited (iGS) from the Bombay Stock Exchange, the National Stock Exchange and the Bangalore Stock Exchange.

According to the press release issued by the company, the delisting is subject to the approval of iGS shareholders and regulatory approval. If consummated, the purchase of the publicly held shares in connection with the delisting will be done in accordance with the delisting guidelines of the Securities and Exchange Board of India through a shareholder led reverse book building process.

The shares of iGate Global on Wednesday surged 10 per cent and got stuck after hitting its upper circuit limit of Rs 348.80 in early trade on BSE.

iGATE CEO Sunil Wadhwani said that the board of directors of the company had unanimously approved this to simplify their capital structure and eliminate the necessity for maintaining multiple listings and multi jurisdictional filings.

The delisting process is expected to be completed by December 2007. However, iGATE Corporation will continue to be listed on Nasdaq and will continue to make all periodic reports with the United States Securities and Exchange Commission.

The release said that the phase four construction of the Rs 110 crore campus in Bangalore would begin.

If 1990s had been the era of search engines, 2000s us the era of refined searches. And Google, which has been a synonym for search engines, introduced Google SMS for mobile users in India. This beta offering brings the power of Google Search to the user’s fingertips, making information available on the move, without the need of a computer or an internet enabled phone.

With Google SMS moblie messaging service, users can get business listings, movie show times and more simply by sending a text message to the short code 54664 [5GOOG] from their mobile phones.This service is currently available on the Airtel, Aircel, BPL, BSNL and Reliance networks, and has relevant local data for mobile users in Bangalore, Delhi, Hydrabad and Mumbai.

Google SMS moblie messaging service saves time by saving a user’s location, so they don’t have to type their location every time they search. Google has been giving immense importance to mobile space and especially after information trickled out about engineers working on Goolge phone expectations in the tech world have been fuelled. The users would be charged between 80 paise and Rs.3 per SMS depending on the operator.

Microsoft Corporation India Pvt Ltd announced the launch of Microsoft Innovation Framework at its third ‘India in Innovation’ summit in Bangalore.

The innovation involves a number of investments designed to increase innovation “for India, from India”. Ravi Venkatesan, Chairman, Microsoft India, said that piracy rates being high, it was challenging to develop a business model for innovation.

Elaborating on local language computing being a barrier to IT penetration in the country, he said that the company’s ‘Bhasha’ and ‘Shiksha’ projects have been helping to increase PC use among students.

He added that the SMB sector was a big opportunity. Consumer space and the public sector would be the next big wave of opportunity, he added. Tarun Gulati, General Manager, Developer and Platform Evangelism at Microsoft, said that the Microsoft Innovation Framework would consist of four investments.

He said that the Innovation Triangle Park would focus on skills and intellectual capital, industry partnerships and incubation for software companies. He added that the first of several Microsoft Innovation Centres would come up in Pune by the first quarter of the next financial year. The company would also work in partnership with the College of Engineering, Pune and Symbiosis International University to accelerate their partnership with Microsoft.

Gulati said that this programme exists in other countries and is being launched in India now. He said that they are yet to identify start-ups for the programme. The focus would be on students and will be in partnership with the Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM-A.

About 15,000 students are expected to participate this year, Gulati added. Srini Koppolu, Corporate Vice-President and MD of Microsoft India Development Centre said that products for the world were being developed at the centre at Hyderabad.