By Frank Jack Daniel NEW DELHI | Wed Feb 22, 2012 8:46pm IST NEW DELHI (Reuters) – Aakash, the “$35″ computer launched last year in India as the world’s cheapest tablet, has run into problems and companies will be invited to bid again to make the device after complaints of poor performance and hiccups rolling out a pilot model. The government has hailed the Aakash tablet as an achievement of…

By Rajesh Kurup MUMBAI | Wed Feb 22, 2012 6:13pm IST MUMBAI (Reuters) – The BSE Sensex closed down on Wednesday, reversing early gains, as investors turned cautious and booked profits after a recent rally that pushed up the index to its highest close in nearly seven months in the previous session. The 30-share BSE index closed down 1.54 percent, or 283.36 points, at 18,145.25, with 24 of its components…

By Nadia Damouni NEW YORK | Wed Feb 22, 2012 10:10pm IST NEW YORK (Reuters) – A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook’s $5-billion filing, sensing a window of opportunity as the stock market rallies. Technology management software maker ServiceNow, human resources software provider Workday, machine data software company Splunk and flash memory maker Violin…

MUMBAI | Wed Feb 22, 2012 6:45pm IST MUMBAI (Reuters) – Reliance Brands, part of Mukesh Ambani’s Reliance Industries, has partnered with Iconix Brand Group to sell the U.S. company’s fashion and home brands in India. The joint venture will offer Iconix brands such as London Fog, Ed Hardy, Mossimo and Ocean Pacific in India.The Times of India newspaper reported earlier on Wednesday that the companies signed an equal joint…