Yahoo launches R&D lab in India
Strengthening its research activities in India, leading internet firm Yahoo on Tuesday said it has launched a new research and development (R&D) lab in Bangalore.
By PTI |
NEW YORK: Strengthening its research activities in India, leading internet firm Yahoo on Tuesday said it has launched a new research and development (R&D) lab in Bangalore.
First of its kind in the country, 'Yahoo Labs - Bangalore' would be a centre of excellence for next generation search and advertising technologies, focused on making the Web more relevant and simple for users and advertisers, the firm said in a statement.
The internet firm is fighting a $44.6 billion takeover bid from software giant Microsoft since the beginning of February.
Interestingly, Yahoo had recently announced plans to cut down its worldwide workforce by 1,000 employees, which was followed by about 40 people being told to quit at its India operations in Bangalore. The move was aimed at reducing its annual expenditure.
Meanwhile, founding director of Bell Labs India, Rajeev Rastogi has been appointed as Vice-President and head of the lab.
According to CEO of Yahoo! India R&D Sharad Sharma, the research activities in India contribute significantly to the success of the company, globally.
"We are excited to have a scientist of Rajeev Rastogi's stature establish Y! Labs - Bangalore, in India. Yahoo! India R&D contributes significantly to the success of Yahoo! globally and Y! Labs - Bangalore will further leverage this momentum in India.
We believe Yahoo! Labs - Bangalore will play a critical role in driving the next wave of innovation on the Internet," he said.
First of its kind in the country, 'Yahoo Labs - Bangalore' would be a centre of excellence for next generation search and advertising technologies, focused on making the Web more relevant and simple for users and advertisers, the firm said in a statement.
The internet firm is fighting a $44.6 billion takeover bid from software giant Microsoft since the beginning of February.
Interestingly, Yahoo had recently announced plans to cut down its worldwide workforce by 1,000 employees, which was followed by about 40 people being told to quit at its India operations in Bangalore. The move was aimed at reducing its annual expenditure.
Meanwhile, founding director of Bell Labs India, Rajeev Rastogi has been appointed as Vice-President and head of the lab.
According to CEO of Yahoo! India R&D Sharad Sharma, the research activities in India contribute significantly to the success of the company, globally.
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"We are excited to have a scientist of Rajeev Rastogi's stature establish Y! Labs - Bangalore, in India. Yahoo! India R&D contributes significantly to the success of Yahoo! globally and Y! Labs - Bangalore will further leverage this momentum in India.
We believe Yahoo! Labs - Bangalore will play a critical role in driving the next wave of innovation on the Internet," he said.
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