State-run gas utility Gas Authority (India) Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to explore possibility of setting up a Rs 10,000 crore petrochemical plant at Barauni in Bihar.

Under the arrangement, a joint working committee consisting of two representatives from each company shall be formed for undertaking techno-economic feasibility study of the project including feedstock (naphtha and natural gas) management.

Educomp Solutions, a globally diversified education solutions provider has secured an order worth Rs 50.20 crore from Commissioner of Public Instruction, Government of Karnataka.

Under the arrangement, the company will implement Computer aided Education in 708 PU colleges in Karnataka. The order is scheduled to be executed over 5 years.

Apart from this, Educomp has also received an order for 347 Government hostels from Commissioner Tribal Welfare, Government of Chattisgarh for implementation of Computer aided Education Programme.

Hyderabad-based MIC Electronics has entered into Memorandum of Understanding (MoU) with Italian-based Ceracchi Illuminazione, to get access to European markets and others like Russia, Morroco and Eastern European countries.

Ceracchi Illuminazione is a renowned lightening company in Italy for design, development and marketing of light-emitting-diode (LED) lightening solutions.

Hong Kong - Pilots on Hong Kong's second biggest airline have been stripped of their captain's hats in a move some cockpit crew Saturday warned might strip them of their professional prestige.

Other pilots at Dragonair, however, said they were delighted at not having the wear the peaked hats which they complained made them "look like South American generals."

Cotabato City, Philippines - Three soldiers were wounded in a clash with Muslim secessionist rebels in the southern Philippines, a regional army spokesman said Saturday.

Colonel Julieto Ando said he received reports that 19 Moro Islamic Liberation Front (MILF) rebels were also killed in the fighting Friday in Datu Saudi Ampatuan town in Maguindanao province, 960 kilometres south of Manila.

Sydney - A Democrat in the White House after next week's presidential election could usher in a round of protectionism that would do further damage to the world economy, media baron Rupert Murdoch warned Saturday.

The chairman and chief executive of US-based News Corp said imposing new tariffs on Chinese imports could be the blue touch paper for a trade war.