Electronics goods maker, Samsung has slashed the prices of its products between 1 and 1.7% to pass on the full benefit of 2% cut in excise duty to its clients.

In a statement, the company said that it has cut the prices of its high-end LCD TVs by 1.2-1.7% according to the model size that transforms into a price cut in the range of Rs 1,000 to Rs 5,000.

The price cut for Plasma TVs is between Rs 1,000 and Rs 2,000 depending on the model size, the statement added.

The US-based WiMax technology provider, Soma Networks Inc plans to enter in capital market. Despite being an American company, Soma Networks wants to get listed on Indian stock exchanges.

"Our company is based in the US and we are providing services in around 12 countries. But India is a huge market with enormous potential for us. So we are planning to enter in Indian capital market and may also go for listing in US-based stock exchanges," founder and CEO of Soma Networks, Yatish Pathak told DNA Money.

The mystery over the sale process of fraud-hit Satyam Computer continues to keep bidders guessing as Thursday's meeting of the company's board remained inconclusive on the key bidding terms.

Sources said the process would take another 10 days to be finalised.

Though the company has not made an official announcement on the outcome of the board meeting, sources said the board is keen on consulting the market regulator before taking any key decision on the terms of the bidding.

Tata Consultancy Services would continue to provide IT services to Singapore Airlines for another three years, providing all basic application solutions to the airlines for its efficient working. The airline chose the Indian IT firm in a formal vendor selection process under existing terms and conditions.

A Pune-based bio-technology company geneOmbio Technologies has bagged the prestigious Indian Steps and Business Incubators Association (ISBA) entrepreneurship award 2008. The award was handed over to the company at Chennai.

The award was given to geneOmbio for its excellent business achievements as a biotechnology and life sciences company of science and technology park (STP), University of Pune. The founder and director (Research and Projects) Bikash Aich and the director-general of STP Rajendra Jagdale received the award from the minister for higher education in Tamil Nadu.

Tata Consultancy Services (TCS), India's largest software company, is planning to extend working hours of its staff beginning April.