Seems good news for india, Yahoo seems to be starting R&D department in india,

News here,

Yahoo, HP to launch operations in Chennai,

Internet major Yahoo Inc and Hewlett Packard are in the process of setting
up their development centres in Chennai and will soon be launching their
operations, IT secretary of Tamil Nadu, Vivek Harinarain said in Chennai on
Thursday.
"Yahoo is currently in the process of setting up its
development centre and is expected to launch its operations on December 24. In
the next couple of months, Hewlett Packard will be starting its operations in
Chennai with a total headcount of around 500 and plans to take it to 1000 in the
next couple of years," he said, while addressing a two-day conference on
'Creating A New Generation Of Entrepreneurs.'

more here, www.expressindia.com/fullstory.php?newsid=39692

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