General Motors has launched new version of small car Spark, to implement its expansion plan despite unfavourable conditions of economic market under the impact of global financial crisis. The auto gaint launched new version of compact car, Spark, with price tag of Rs 3.27 lakh on Tuesday and announced to launch sedan, Cruze, and a mini car by the end of current financial year.

The new version of Spark is equipped with an integrated music system, refreshed interiors and many more modern features using cutting edge technology.
 

The US Food and Drug Administration (USFDA) has approved the marketing of Ranbaxy Laboratories' migraine drug, Imitrex (Sumatriptan), a low cost version of migraine drug GlaxoSmithKine, in the US market.

A spokesman of Rabnbaxy said, "We have received the US Food and Drug Administration's (USFDA) approval for 100 mg Sumatriptan."

The regulator provides 180-day marketing exclusivity for its marketing in 100 mg dosage which was earlier rejected by it on December 2008.

There is some bad news for domestic air travelers. In a latest move major Airlines (Air India, Jet Airways and Kingfisher Airlines) including low-cost carriers have withdrawn all promotional fares and increased basic fares by around Rs 2,000 on several sectors from Tuesday.

The companies have decided to stop the low-fare advance purchase (APEX) schemes, quoting that the airfares would now be decided by the market.