Adani Wilmar, famous for its best-selling edible oil brand Fortune, would double the capacity of its Haldia based utility to 1,600 tonnes per day by December 2009. The company, with total worth of Rs 6,000 crore, would invest Rs 100 crore for the project to complete it by 2012.

Adani Wilmar CEO, Atul Chaturvedi said, "We are in the process of enhancing the Haldia unit's capacity from the existing 800 tonnes per day. We acquired nearly 8 acres of additional land adjacent to the existing unit spread over 9 acres for the same."

Essar Steel started a new steel processing facility at Oragadam near Chennai investing Rs 75 crore in a bid to enhance its steel service center capacity to satisfy growing demand of steel from clients.

The new facility, located at the SIPCOT Industrial Growth Centre at Oragadam, was inaugurated by Mr. TS Narayanasami, CMD of Bank of India in the presence of Essar Group Chairman Mr. Shashi Ruia.

U. S.-based iGate Corp has decided not to go for acquisition of 51 per cent stake in the fraud-hit Satyam Computer Services, leaving three firms L&T, Spice Corp and Tech Mahindra in the acquisition race, who submitted their expressions of interest (EoI) for the acquisition on Friday.

Government appointed board of Satyam Computers would discuss the matter on Saturday. The board would analyze the presentations made by firm's appointed investment bankers Goldman Sachs and Avendus to evaluate the financial positions of firms who submitted expression of interest by Friday.

In partnership with the Indian Institute of Hardware Technology (IIHT), Hewlett-Packard (HP) has launched ‘HP Software University’ (HPSU) on Thursday.

The first of its kind program in the non-enterprise training space will concentrate on the increasing demand of software testing experts in the country.

Moreover, the pupils will also receive certified training on HP Software and a curriculum path surrounding different testing software from HP including Quick Test professional and LoadRunner.

Budapest - Clothing giant Levi-Strauss confirmed on Friday that it will close its Hungarian plant by the end of June with the loss of 549 jobs.

The factory in the small southern town of Kiskunhalas has been turning out the company's iconic denim jeans since 1988, when Hungary was still a communist state.

The US clothing company told the local news agency MTI that it had agreed a severance package with its Hungarian workers.

Over 30,000 jobs have been lost in Hungary since the effects of the global financial crisis hit the country hard last October.

Finnish giant Nokia will be slashing 1,700 more jobs globally to lessen its cost in the current tough crisis.

The company plans to cut over €700 million (US$900 million) in costs by the coming fiscal.

The job cuts are believed to affect people working at the company’s device and markets units in addition to its corporate development and global support sections.

Eija-Riita Huovinen, communications manager at Nokia, said that the largest number of job cuts will be made in Finland.