The five year long family dispute of the Bajaj industry group has been resolved amicably. Two groups of companies have been formed without transfer of any cash. The petitions filed by Mr Shishir Bajaj with the Company Law Board in March 2003 have been withdrawn with immediate effect.

Meanwhile, Shishir Bajaj has resigned from the chairmanship of Sevashram, the financial arm of the Bajaj group. In a statement to CLB, Shisir Group said, "With this, all disputes between both sides stand resolved."

Elecon Engineering Company Ltd, India's largest Material Handling Equipments, Industrial Gears and Transmission Products manufacturer has been awarded prestigious orders worth Rs 22 crore from Adani Power Ltd of Adani Group.

The scope of the order includes design, supply, erection, testing and commissioning of material handling systems at Mundra.

It may be noted that, In Decemeber 2008, Elecon Engineering bagged a similar order Rs 120 crore from Mundra port and Special Economic Zone of Adani Group.

The Andhra Pradesh government is keeping a close watch on the developments in the Satyam group as the fate of the Rs 12,200 crore Hyderabad Metro Rail (HMR) Project has become doubtful due to the turmoil in the group. The anxiety in the government is obvious as set back to the project at this stage would blot Y S Rajasekhara Reddy’s administration.

The government, however, says that "the project is well on track."  

Satyam Computer Services would focus on core activities to try to restore the confidence of investors. It has asked to forget the previous developments and pledges to bring transparency in the system. The board of the company would meet on January 10, 2009 to discus all possible steps to boost the stakeholder's confidence.

State-owned Bharat Sanchar Nigam Ltd (BSNL), on Wednesday, announced the nation-wide launch of Interactive Personalized Television & Video Services (IPTV) for its customers.

Internet Protocol Tele Vision (IPTV) is a new revolution in the television history where service providers can utilize existing copper cable network to deliver high quality videos and sound using Internet Protocol.

With this launch, the company has enabled its customers to watch programmes according to their convenience from more than 140 TV channels.

It is time to enjoy cheep air travel as the leading domestic airlines are slashing the air fares significantly. Declining crude rates and low demand in the aviation sector is forcing the air carriers to cut air fares. Domestic air traffic declined significantly with just 30 lakh people using the air services in November.