Alkali Metals, engaged in the business of manufacturing a range of fine chemicals, has got listed on the Bombay Stock Exchange (BSE) at a discount of 12.62% at Rs 90 as against its issue price of Rs 103.
 
The stock is assigned the scrip code 533029 and is placed in the `B` group on BSE.

At 10.04 a.m. on the BSE, the scrip was trading at Rs 122.50, up 18.93%, and about 357,466 shares got traded within minutes of its listing. The scrip also touched a high of Rs 137.70 and a low of Rs 90.

Aircel, one of the fastest growing telecom companies, with a subscriber base of over 10 million, has announced handing over of Revenue Assurance and Fraud Management in the 23 circles across the Indian Subcontinent to Subex Ltd, the leading global provider of OSS/BSS solutions for communications service providers and Wipro Infotech, the India and Middle East IT business of Wipro Ltd.

On Monday, Amazon.com informed about its initiative under which it is working with retailers to cut back on the packaging to provide the consumers with easy to open packaging.

It has been decided by the Seattle-based company that instead of putting a pre-boxed or plastically sealed item inside another Amazon box, it will start shipping items in plain brown cardboard boxes.

MySpace, the social networking site and MTV networks are all set to launch a new technology, which would allow them to make profit from piracy.

MySpace and Auditude are working together with Viacom’s MTV to earn money from video clips put online by users in breaching of copyright. Auditude is an online advertising technology company.

It is quite common for people to update video content every day to popular sites such as YouTube or MySpace through the help of simple technology, even when they do not own the rights to the content being uploaded. This content is usually removed once the copyright owners complain about it to MySpace or Google, which owns YouTube. MySpace is owned by News Corporation, parent company of The Times.

In order to mollify antitrust regulators who are threatening to block the alliance, a list of concessions has reportedly been submitted by Google Inc. and Yahoo Inc. This list will deflate their proposed Internet advertising partnership.

During the weekend, the U.S. Justice Department received the revisions from the two companies.

US credit card and banking giant, American Express is likely to start retrenchment drive in India and other locations. It would retrench about 10 percent workforce, cutting around 7,000 jobs. The staff would be eliminated in all business units, including markets and staff groups. Some staff in its Indian operations is also likely to be laid off.