At the GSMA Mobile World Congress in Barcelona, Chinese telecommunications company Huawei made announcement regarding its maiden Android-powered smartphone, which it would make commercially available in the Q3 2009.

HTC would be joined by Huawei in the Android operating system camp with a real production phone. Other than this, even Motorola and Kogan would join HTC, who have announced plans to ship devices running Google's operating system.

Leading telecommunications equipment and network solutions provider, ZTE Corporation ("ZTE") launched new data cards MF662 and MF645, adding two more products in its high speed packet access (HSPA) product portfolio. The MF662 is a compact HSDPA+ data card while MF645 is a USB TV data card used to relay highly quality digital TV signals over laptop with mobile broadband connection.

MF662, specially designed for HSPA+ networks, would offer high speed mobile internet surfing with its adapter offers download and upload rates of up to
21.6 Mbps over 3G network.

Aditya Birla group owned, Hindalco Industries, approved financial restructuring plans for future, chalking out new strategy for further expansion and reserving funds to implement growth plans. Some portion of amount would also utilize for adjustment of non-operating / extraordinary costs aroused on accounts of some international acquisitions and company's ambitious organic growth projects.

The company said, "The aforesaid amount would be utilized for write off or adjustment of non-operating costs on international acquisition made by the company and organic growth projects in India."

Government owned companies, the Nuclear Power Corporation of India (NPCIL) and NTPC would jointly work for setting up nuclear power plants, in a bid to over come shortage of power, indispensable to propel economic and industrial growth of the country.

The MoU was signed by NPCIL Chairman and Managing Director, S. K. Jain and NTPC Chairman and Managing Director, R. S. Sharma in the presence of Union Minister of State for Power and Commerce Jairam Ramesh and Anil Kakodkar, the Atomic Energy Commission Chairman of country.

India's largest steel company, Tata Steel hopes early recovery of normalcy in steel market, the worst hit segment due to decline in auto sales and customer spending, under the impact of global slowdown and recession like conditions across the world.

Hinduja group owned Commercial vehicles manufacturer, Ashok Leyland has announced various measures to tackle situation caused under the impact of global slowdown, including reshaping of its investment plans from Rs 3,200-3,300 crore to Rs 2,000 crore, cost cutting measures, salary cut and retrenchment in some segments.