London, Oct 3 : In a bid to put an end to music piracy, the world’s biggest mobile phone maker, Nokia will soon be launching a new range of phones that shall offer consumers the chance to download and keep any song ever recorded.

And in order to avail this service people are required to buy a 129.99 pounds pay-as-you-go mobile phone, under Nokia’s Comes With Music brand. It will give the owner the right to download any song released by almost every important record label onto either the handset or a computer.

“You’ll be able to download any song you want onto the handset or one personal computer for the first 12 months, and keep all them for ever,” Times Online quoted Jo Harlow, a vice-president with Nokia, as saying.

Jain Irrigation Systems, the agri-irrigation leader, has decided to invest Rs 350 crore in the next fiscal, to increase pipe manufacturing and irrigation systems capacity besides exploring new opportunities in the North. 

Recently, World Bank has sanctioned loan worth $60 million after considering the environment-friendly projects the company undertakes. The company plans to raise remaining fund through internal accruals and term loans from banks at reasonable rates. 

Larsen & Toubro (L&T), the infrastructure major, has secured a Rs 552-crore order from PBEL, an Indo-Israeli joint venture real-estate developer, for the construction of PBEL City in Andhra Pradesh.

The PBEL City, which is coming up near the AP Police Academy, would have 13 residential and two commercial towers, each having 19 storeys, with 12 flats on each storey. 

L&T plans to deploy latest technologies to build the structures quickly and at a lesser cost. The total value of the project on completion of work was estimated at Rs 1,100.

General Electric has revealed its plans to raise at least $15 billion in capital through stock sales to Warren Buffett's Berkshire Hathaway and the public.

According to the terms of the 5-year deal, Buffett's investment vehicle Berkshire Hathaway will buy $3 billion of GE's preferred stock at a guaranteed 10-per cent dividend that are callable by 2011. 

From latest developments, it has been revealed that State-owned NHPC, a hydroelectric power generating company, may delay its initial public offer (IPO) of 167 crore equity shares planned in October, due to market volatility. 

According to official sources, as the market conditions look uncertain for the IPO, so NHPC board has decided to review plan, before the launch. NHPC had earlier scheduled to hit the market between October 13-17. 

Capita India, the Indian arm of Capita Group, the UK’s biggest business process outsourcing (BPO) company, has acquired Prudential Process Management Services (PPMS)-India, the captive arm of Prudential UK, which has been on the block for some time.

Established in December 2003, PPMS India at present has over 1,400 employees and focuses on providing back-end support to Prudential's operations in UK. 

The latest deal is very important for Capita's £722-million contract to provide outsourcing services to Prudential UK.