India, China to join forces on civilian use of N-energy

INX Media`s flagship entertainment channel 9X is supposedly in talks with Balaji Telefilms to divest a majority stake

The joint venture between Renault-Nissan-Bajaj is targetting Pune as the location for setting up a proposed plant for manufacturing of ultra low-cost cars

Tata Teleservices (Maharashtra) (TTML) on Sep. 25,2008, in a strategic tie up with Novatium Solutions, has announced the launched of Nova netPC, in Mumbai for a price of Rs 2,499 and a monthly computing subscription starting at Rs 350.


Zicom Electronics gets Rs 75 mn order

US Fed chairman Ben S Bernanke on Wednesday, September 24, warned that economic growth would decline appreciably in the second half of 2008 as over 7,00,000 people have lost jobs in the last 10 months.

Autoline Industries on Sep. 25, 2008 announced that the company`s wholly owned subsidiary, Koderat Investments has acquired 49% stake in SZ Design, an Italian company and Zagato, a Milano-based Italian automotive design company.

Suven Life Sciences, drug discovery and development company received nod from Drug Controller General of India (DCGI) to conduct Phase I clinical trials of SUVN-502.

Anil Ambani group`s Reliance Infrastructure is looking for engineering, procurement and construction (EPC) projects worth Rs 150 billion from steel PSUs in the next three years

Google announces plans to change the world by launching project `10 to the 100`. The project calls for every user to provide an idea to change the world or at least help a lot of people and if the idea is selected, the participant can get as much as USD 10 million to make the dream a reality. www.project10tothe100.com.


Corporation Bank opens office in Dubai

Dr Reddy`s Laboratories has entered the inhaler segment in India with the launch of `CombihaleTM`, a combination of a steroid and a long acting bronchodilator.

Man Industries, one of the leading pipe manufacturing companies in the country secured new orders amounting Rs 11 billion in its LSAW and HSAW segments during the current quarter.

USA economic data

U.S. Aug. core durable goods down 7.5%, shipments down 2.8%

U.S. Aug. durable goods orders ex-transportation fall 3.0%

U.S. Aug. durable-goods orders down 4.5% vs fall 2.0% expect

U.S. 4-wk. continuing jobless claims rise to 3.48 million

U.S. continuing jobless claims rise 63,000 to 3.54 million

U.S. 4-wk. avg. initial jobless claims up 16,000 to 462,500

U.S. weekly initial jobless claims rise 32,000 to 493,000