Tata Motors, Country’s largest automobile company has informed that its Korean commercial vehicle subsidiary Tata Daewoo has developed the prototype of the 4.5 tonne LPG truck in association with the Korean government. 

The company quoted during a press release that the vehicle was developed by Tata Daewoo in association with the Ministries of Commerce, Industry and Energy, Korea Energy Management Corporation and a consortium of 12 organizations. 

Moser Baer, world's second largest manufacturer of Optical Storage media, has set up a modern digital video processing facility in Chennai. 

The newly opened facility provides real-time video restoration of content, apart from audio restoration, editing, graphics, content repurposing and high quality and high throughput DVD compression and authoring services. 

Allahabad Bank has signed a MOU with one of the country’s leading Life Insurance Companies Kotak Mahindra Old Mutual Life Insurance Ltd., for providing value-added service and financial security to the educational loan borrowers of the Bank.

Through this strategic tie-up, Kotak Life Insurance will offer a group credit life insurance plan designed to cover the education loan borrowers of Allahabad Bank against any eventuality during the period of loan. 

Red Fort Capital, a leading international real estate private equity fund, intends to invest Rs 3,200 crore by next year to cash in on the liquidity crunch in the real estate sector. 

The real estate focused PE fund has planned to pump in Rs 3,200 crore in the next one year to pick up an average 50% stake each in 10-12 projects located in various cities. 

The company presently is in talks with nearly 10 developers in various cities across country, which includes National Capital Region (NCR), Mumbai, Bangalore, Kolkata, Chennai, Pune and Hyderabad. 

Tata Sky Ltd., the JV between the TATA Group and STAR, has finally launched Personal Video Recorder technology in the market with the name of ‘Tata Sky+’. 
With the launch, Tata Sky becomes the first company to bring this technology in the country. 

The Tata Sky+ digicomp has MPEG 4 technology, a hard disk and an in-built personal video recorder (PVR). The box has ability to record up to 45 hours of live entertainment.

Punj Lloyd, a leading engineering procurement and construction (EPC) and project management services company, has decided not to pursue the ground handling opportunities in the Indian aviation sector with Swissport International, and has agreed to terminate the Joint Venture.

The company had entered into a JV with Swissport International in June 2006 to develop projects in the Indian cargo and ground handling sector.