TNM

Google introduces a new local search feature to its search engine

Google search engineIt will now be easier for you to find local places and services through Google search. The internet search giant, Google has introduced a new local search feature to its search engine that gives you more localized results that ever; it shows the results of simple location searches on a map

Using the Google's new local search feature, the users will now be able to get the best results for simple local searches like restaurants, doctor or a supermarket. The new local search feature will let the users view local search results on a map.

Idea launches its GSM services in Orissa

Idea CellularIn a move to expand its domestic footprint, Idea Cellular, one of the leading mobile service providers, has finally introduced its GSM mobile services in Orissa, covering over 2,200 towns and villages.

The company said, it has rolled outs its service in aim to provide the residents of Orissa superior mobile connectivity, offer whisper clear audio quality, zero call congestion and high capacity, ahead of time.

During launching ceremony, the company has announced an exclusive tariff offer for its subscribers in Orissa, which would be remains valid for next six months.

Gold prices surge to Rs 14,735 on latest survey report

Gold pricesGold prices again came in action on Wednesday on the back of reports that the glamorous metal would soon retrieve the psychologically important level of $1,000 per ounce in overseas market in coming few months, due to volatility in stock markets.

It should be noted that earlier this week, precious metals consultancy GFMS said in its annual gold survey report that, the gold prices could rise to a record above $1,100 an ounce in the coming months, as investors seek to guard against rising inflation.

Yesterday, the price of yellow metal soars by an impressive Rs 315 to close at Rs 14,735 per 10 gm in Delhi.

IFC to provide loan worth €135 million to Volkswagen India

International Finance CorporationInternational Finance Corporation (IFC), a member of the World Bank Group, plans to invest €135 million in Volkswagen India's plant in Pune.

Under the proposed deal, IFC will provide a loan of up to €60 million from its own account and a syndicated loan of up to €75 million.

It should be noted that Volkswagen India's has recently inaugurated its plant at Chakan. The facility which is being set up at a cost of €580 million has a capacity of 1.10 lakh units a year.

ABB opens its new facility in Bangalore

ABB power and automation technologiesABB, a leader in power and automation technologies, on Wednesday announced the opening of its greenfield automation products facility near Bangalore.

The inauguration of latest facility is one of many initiatives that company has taken up in India to build and expand capacity to meet the needs of the future.

ACC to spend Rs 2900 crore in just two years on expansion

ACC LtdDespite ongoing uncertainty over demand and fears of surplus capacity depressing prices, ACC Ltd., India's foremost manufacturer of cement, has decided to invest Rs 1,600 crore in 2009 and another Rs 1,300 crore next year.

The company officials unveiled the investment plans at the 73rd annual general meeting in Mumbai on Wednesday. ACC stated in a communiqué that it will enhance capacity at Bargarh plant to 2.3 million tonnes (mt) with a 30 MW captive power plant, which is expected to complete by mid-2009.

In addition, the company is also setting up two greenfield grinding plants in Karnataka which would go on steam by the end of the year.

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