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Samsung Electronics is the world's second-biggest maker of mobile phones. A recent company filing has reported that the company has posted a record net profit last year. This was due to the increasing view in the fast-growing market for hand-held mobile devices.

It has been expected by analysts that the South Korean company would unite with Apple in the smartphone and tablet PC race, along with its new Galaxy smartphones. It is projected that this would accumulate a serious challenge to the iPhone.

On Friday, the German chemical and pharmaceutical group Bayer announced that it is going to enter in to Indian market with Zydus Cadila. The aim of such pact is to improve its presence in that country's fast growing market.

The new firm, Bayer Zydus Pharma will focus on women's healthcare, problem-solving imaging, general medicines and oncology as stated by Bayer in a statement.

Moreover, they will look forward to accelerate their capabilities for better service in the fast growing Indian market. This has been started by Joerg Reinhardt, chief executive of Bayer's HealthCare unit.

Suzlon Energy has signed partnership agreement with Caparo Energy after receiving an order of 1000 MW wind project from Caparo Energy. As per sources, 500MW of the order will be commissioned by March 2012 and the remaining will be finished by March 2013.

Caparo Energy Limited (CEL) has one subsidiary CEIL, whose main focus is to become one of the top Independent Power Producers (IPP) in India with a power of wind energy.

India is the world's fifth largest wind energy market and CEL found itself fortune to receive a great opportunity to invest as an IPP in this market.

General Motors is all set to launch its entry level sports car Camaro in the Indian automobile market. President Tim Lee of GM international operations said that company is planning to introduce a right-hand drive for the two-door car which can be positioned below the Chevrolet Spark, to derive high volumes in the auto market of India.

He believed that in future it will become the second fastest growing auto market in the world.

Oil company's officials said that after oil mafia affecting Maharashtra's fuel market has now turned its moves to Andhra Pradesh.

Officials of the oil company ensure that adulteration of fuel is less at petrol bunks in the city because of the active monitoring carried out by field officers, vigilance officials and mobile laboratories to check the samples regularly. He also said that density is checked at the time of receiving at the location so there are minimal chances of adulteration.

Lavasa Corporation has been granted six weeks extension by the