The global search engine and news portal, Yahoo Inc acquired 30% stakes in Info Network Management Company (INMAC). INMAC is a Chennai-based tele-information service provider known for phone directory search service 'Call Ezee', which is available across 14 cites in India. It is 24x7 tele-information provider that handles about 10,000 calls per day and provides 24-hour helpline for medical emergencies.

Tokyo - Japanese electronics giant Panasonic Corp and its smaller competitor Sanyo Electric Co have announced their agreement to a business alliance Friday, sealing Sanyo's takeover.

Panasonic will take control of about 70.5 per cent of Sanyo's shares after US investment bank Goldman Sachs, which is one of Sanyo's major shareholders together with two Japanese investment firms, agreed to the deal on Thursday.

Sanyo's management threw its support last month behind the takeover, which would create one of the world's largest consumer electronics companies.

Following a year after a slump in prices of metals used in construction, State-owned Gujarat State Petroleum Corp. (GSPC) has raised the capacity of its planned liquefied natural gas (LNG) terminal by 30% to 6.5 million tonnes (mt).

The GSPC is aiming to get the plant ready by 2013 at a cost of Rs3,000-3,500 crore. This has become possible as there had been sharp falls in prices of metals such as steel and nickel.

As per the international reports, following a sponsorship deal signed with the Indian automobile giant, the Tata brand name will figure on Formula 1, the world’s most-famed motorsport, which is being considered an ambitious global branding move.

President Luca di Montezemolo reported, “For the first time an Indian brand will appear on the Ferrari. It’s historic.” Although the details and duration are being worked out, a Ferrari spokesperson confirmed the deal.

The Infrastructure development company IVRCL Infrastructures and Projects has bagged orders worth a whopping Rs746.26 crore from different agencies for construction related projects. 

The realty firm will undertake a turnkey housing project for AP Cine Workers Co-operative Housing Society at Hyderabad for Rs 550.28 crore. Hyderabad-based firm got an order worth Rs114.35 crore from City and Industrial Development Corporation of Maharashtra (CIDCO) for construction of an exhibition centre in Navi Mumbai. 

In addition to the above, it has received another order worth Rs70.62 crore from Government of Pondicherry for creating new habitation in the Union Territory (UT) for Tsunami affected people. 

Hyderabad headquartered IVRCL Infrastructures & Projects has revealed that the buildings and industrial structures (B & IS) division of the company has secured Rs 7.46 billion orders from various customers.

According to sources, the infrastructure company has bagged an order worth Rs 5.50 billion on turnkey basis from A.P. Cine Workers Cooperative Housing Society, Hyderabad for carrying out proposed group housing project.