News udpates

France out of recession and Japan follows suit- its outlook on the business and economy scene is still shaky though, as per Business Standard.

LIC plans to open up a VC firm soon.

Sony India- have shortlisted four product categories around which it would heavily invest in sales and marketing and product development.

http://www.business-standard.com/india/news/why-sony/s-like-no-other/367218/

BSE tanks more than 600 points on global queues and monsoon worries....