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The committee of IIT Directors has recommended to create Rs. 2,000-crore non-banking financial company that will offer interest-free loans for new projects, research labs and the development of campuses. The proposal is likely to be announced during the Union budget by FM at the end of the month.
Telecom major Vodafone* will soon launch a set of APIs that will allow developers to send messages, locate terminals and make charges, as well as establish and control voice calls.