It has recently come to vision that Vizio is mulling over to concentrate more on LCD sets and put a stop on the selling of Plasma TVs. The Southern California-based upstart has developed a successful business selling relatively inexpensive HDTVs in warehouse stores such as Costco and Sam's Club. Earlier to Vizio, it was Pioneer, maker of ultra-pricey plasma sets for home theater aficionados that announced that it is exiting the TV business altogether.

South Korean automaker Hyundai has increased the prices of its popular hatchbacks Santro, i10 and sedan Accent across all variants by up to Rs 14,636 with immediate effect to offset rise in input cost.

A company official said, "The price hike is primarily due to rise in input cost. The price hike ranges from 1.2% to 3%." It may be noted that recently, Maruti Suzuki, Honda Siel, Toyota Kirloskar and Ford Motor India had also decided to raise prices due to similar reasons. After the latest revision, the company's flagship hatchback Santro will be costlier by Rs 3,601 to Rs 5,163 while, its premium compact car i10 will now be dearer by Rs 3,974 to Rs 7,637.

India's Reliance Infrastructure Ltd, part of the Anil Dhirubhai Ambani group, on Friday launched a Rs 700 crore ($144 million) buyback offer to boost its share price and returns.

The company said it would buy back shares from the open market at up to Rs 700 each, a premium of more than 27 percent to Thursday's closing price of Rs 550. It may be noted that the buyback announcement comes within a week of the infrastructure firm completing its Rs 796 crore buyback from the open market.

India's sixth largest publicly traded drug maker by sales, Wockhardt Ltd, has informed that it will be launching Levetiracetam tablets in the United States.

Recently, Wockhardt Limited has secured nod from the United States Food & Drug Administration (USFDA) for marketing the tablets containing 250mg, 500mg, 750mg and
1gm.

Levetiracetam is an anticonvulsant drug used for the treatment of epilepsy. It is S- enantiomer of etiracetam, structurally similar to the prototypical nootropic drug piracetam.

Indian public sector undertaking Bharat Electronics Limited (BEL) and Italian defence company Selex Galileo and Astra Microwave Products, a Hyderabad based company, have signed memorandum of understandings (MoU) for cooperation and sharing their expertise in the fields of electronic warfare and microwave components.

Leading tyre maker, Apollo Tyres Ltd announced to start retrenchment drive, shedding about 1500 jobs, out of total headcount of 10,000, in days to come. The move is aimed to mitigate the impact of global slowdown on its business and register adequate growth rate by employing cost cutting and cost saving measures.

The firm has also decided to halt fresh recruitment until improvement in market conditions, adversely impacting tyre segment due to low demand and costly finance.