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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

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Intel unit invests $23 mln in 3 Indian firms

Wed Jan 14, 2009 5:26am EST

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MUMBAI, Jan 14 (Reuters) - U.S. chip maker Intel Corp's (INTC.O) investment arm said on Wednesday it has invested $23 million in three Indian unlisted technology firms using money from its $250 million India technology fund.

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Intel Capital has invested in telecom value-added-services firm One97 Communications, business portal IndiaMART.com and educational institute Global Talent Track, it said in a statement.

Intel Capital said it has invested in about 60 Indian companies since 1998. (Reporting by Narayanan Somasundaram; Editing by John Mair)

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