Yahoo! launches R&D lab in India

Strengthening its research activities in India, leading internet firm Yahoo! today 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 40 people being told to quit at its India operations in Bangalore.