L&T and US Raytheon team up for T-72 Upgrade

Engineering and construction major Larsen and Toubro (L&T) on Tuesday said it has tied up with the US-based defence major Raytheon to bid for the upgradation of T72 tanks used by the Indian army.

Bharti hopes to seal Zain Telecom deal by Mar 25

India’s largest mobile services operator Bharti Airtel hopes to conclude the deal to buy Zain’s African assets by March 25 and does not see funding as an issue, its chief said in a newspaper interview on Wednesday.

Mercedes-Benz launches 2010 M-Class

Mercedes-Benz launched the 2010 M-Class in two variants for India. The Sport Edition of the M-Class is priced at Rs. 55 Lakhs while the Luxury Edition is priced at Rs. 60.9 lakhs Ex-showroom Delhi.

Kotak Life Insurance relaunches 3 Ulips

Kotak Life Insurance today said it has relaunched three of its Unit Linked Plans in keeping with the revised IRDA guidelines that have capped the charges on Ulip products.

Gold demand picks up in India

Gold imports by India, one of the largest yellow metal consuming nations in the world, is likely to go up in 2010 thanks to falling gold prices and rising demand for the precious metal these days.

High prices dent Jan vegoil imports

India’s vegetable oil imports fell 1.8 percent in January from a year earlier, as high stocks and rising prices discouraged buying after record shipments last year, when India toppled China as the world’s biggest buyer.

The country bought 872,395 tonnes of vegetable oils, including 827,182 tonnes of edible oils, according to data from the Solvent Extractors’ Association of India on Monday.

HC asks US Pharma major Eli Lilly to move IPAB

The Delhi High court has directed US-based pharma giant Eli Lilly to approach intellectual property tribunal IPAB to resolve its dispute with Ranbaxy over patents for ‘Tetracyclic Derivatives’, a group of chemical compounds having wide-ranging medical applications.

Pepsico’s India beverage business surge 32%

PepsiCo, the beverage and snackfood giant, said its fourth quarter (October-December 2009) profit nearly doubled, helped by strong growth in Asia. Its beverage volumes grew by eight per cent over the year, led by 32 per cent growth in India. Volume grew five per cent in the quarter, led by growth of 21 per cent in India (and high single-digit growth in Thailand and Egypt).

Honda Revive plan to open second plant

Japan’s Honda Motor Co’s Indian car unit has revived plans for production at its second plant in India, a senior company official said.

Honda had deferred plans for its new plant in the northwestern Indian state of Rajasthan, citing depressed auto demand.

Low interest rates on home loans may end soon

The special invitational or teaser rates for new home loans which were less than those offered to earlier customers are set to be withdrawn. This means a hike of up to 2% in interest rates offered by both private and public banks in the next one month.

Nokia Cheapest 3G Mobile Phone Available now

Are you in search of a 3G mobile phone at an affordable price? Believe me your search is now over as Nokia launches it’s cheapest 3G phone Nokia 2730 classic in India.

This cell phone is bound to make you crazy. It is a sleek handset, has stylish features and dynamic specifications and comes at a very affordable price of Rs 4,499.

‘My name in Khan’ movie review

‘My Name is Khan, and I am not a terrorist’–one line sure to be mouthed by you as you step out of the theatre. And mind you, there are many other priceless quotes.

My Name is Khan is unlike any other Karan Johar-directed film, although it has glimpses of his past work. It does not have masala, no mindless song and dance, and no comic fillers. It has a very strong main message, and several others tucked in. KJo has sure come a long way from candyfloss.

SAIL to increase crude steel capacity to 60 MT by 2020

The Steel Authority of India Limited (SAIL) intends to have its present crude steel capacity of 13 MT increased to 60 MT in 2020 through Brownfield and Greenfield expansion, a senior officer said.

Nokia Siemens gets $700-mn deal from Bharti

Telecom equipment provider Nokia Siemens Networks (NSN) bagged a $700-million network expansion deal from the country’s top service provider, Bharti Airtel.

The deal would include network planning, implementation and project management, handling of local logistics and materials, as well as system integration for the base station sites, the company said in a statement here.

Notion Ink Adam Makes iPad Look Obsolete

The Apple iPad might be the hottest thing out there in the small world of Internet Tablets currently. However, there seems to be a group of dedicated Indians who would be looking to steal the thunder from the giants at Cupertino by introducing their own tablet that at least going by the specs, can make any possible iPad user think before investing dough on the latter.