Company Updates

Verizon offers 4 new Trendy Phones to compete with Apple iPod and AT&T

Verizon Communications is about to release 4 new trendy phones which may turn away some dollars from the rival AT&T. All phones are nice and offer many new features and have been named as Juke, Pearl, Venus and Voyager.

Microsoft unveils Zune 2 in many variants

Microsoft Zune 2 Launched
The well-known high-tech company Microsoft presented its brand-new generation door-to-door media player the new Zune 2. It has bleak big 3.2 8 inch display and slim body. Moreover, the new flash based Zune with 4 GB and 8 GB model which has smaller size and smaller screen; both can be found in lots of colours such as pink, glossy red, green, and black.

Sobha Developers to expand Township Project with two Realty Partners

Mumbai: Bangalore-based Sobha developers has decided to expand a township project in Haryana with a total investment of Rs 2,000 crore together with realty firm QVC Realty and Chintels India.

The Gurgaon-based community, undertaken as a part of combined expansion agreement, would cover up more than 192 acres, comprising single-family houses, flats, commercial, retail and office space.

The company informed the Bombay Stock Exchange (BSE) that the new project would spread for over 6.5 million sq ft and is situated in segment 106-109.

Tata Tech to float Initial Public Offer by 2008

David Myers, INCAT’s chief financial officer has stated that Tata Technologies will go for an IPO in the coming year (2008) in order to pay off arrears and fund expansion plans.

Tata Technologies, the specialist engineering and design company of the Tata Group had acquired INCAT, the UK-based engineering and design company in 2005 for 53.40 million pounds.

USFDA Approves Sanofi’s ‘Taxotere’ For Head, Neck Cancer

Paris: Sanofi-Aventis, French pharmaceutical group has annunciated that the U.S. health officials have approved another application of its anti-cancer drug ‘Taxotere.’

The company said that the drug has been sanctioned to treat locally advanced head and neck cancer before chemo-radiotherapy and surgical treatment.

The approval is based on the outcomes of a phase III clinical examination, which showed that adding up Taxotere to typical induction chemotherapy resulted in a more than three year betterment in patient endurance rate.

SBI Cleared $1 Billion In 5 Minutes For Tata-Corus Deal

New Delhi: Stating that no banking institution throughout the world could match it in fast decision making, State Bank of India (SBI) on Tuesday has sanctioned one billion dollar credit for Tata group in just five minutes, a philosophy, which has placed it much ahead of challengers on overseas mergers and acquisitions (M&A) transactions.

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