India recoded 5.3 per cent growth rate, the lowest over the last five years, during October-December period of current financial year, reflecting grimmer situation ahead under the impact of global slowdown and recession across the world. The economy was growing at 8.9 per cent in the same quarter of 2007-08.

Government and the Reserve Bank have taken many fiscal measures to stimulate demand across various sectors of economy and announced special economic booster package to mitigate the impact of global slowdown on the economy. However, the results of these stimulus packages will take time to reflect results.

Amidst much pomp and grandeur, the 54th Idea Filmfare Awards 2008 have been announced on the 28th February 2009 at Yash Raj Studios in Mumbai.

The much awaited awards when stars, celebs and the best talents of the Hindi film industry (Bollywood) walked the red carpet with anticipation and expectations to make out who would take the ‘Black Lady’ home.

Ranbir Kapoor and Imran Khan hosted the splendid event studded with different star performances that showcased the real colors of ‘Bollywood’.

After its review of the popular over-the-counter cough and cold medicines, the Medicines and Healthcare products Regulatory Agency (MHRA) arrived at the conclusion that there was “no robust evidence that these medicines work” in children below 12 years of age.

Indian equities markets belled the week on a negative note with a key index 2.36% lower than its previous closure on Friday (Feb 27).

Markets were down following heavy selling pressure witnessed across metal and banking stocks. The melting Asian markets added to the negative sentiment.

Brokers said that the stock market opened lower tracking a reduction on the other Asian equity markets after the US stocks fell to 12-year lows on Friday on deepening economic fears.

Motorola has rolled out its hand-sculpted mobile phone named ‘AURA’, which is priced at Rs 1,11,492.

Targeted at trend-setter Indian, the new luxury and stylish handset was launched by Bollywood superstar and Motorola’s brand ambassador Abhishek Bachchan in Mumbai on Friday.

Junior Bachchan presented the first ‘Aura’ to ace fashion designer Manish Malhotra.

After Prashant Tamang, multi-talented Sourabhee Debbarma, who hails
from Tripura, has won the Sony TV’s reality singing contest ‘Indian
Idol 4’ after defeating the other two finalists Kapil Thapa (second)
and Torsha Sarkar (third) at an event held at Mumbai, on Sunday night
(March 1).

Sourabhee impressed the jury members and the viewers through her power-pack performances, and got the highest votes.

The winners were chosen through viewers’ poll.