Motorola India and Pressmart Media have made announcement about the launching of the live ‘news-on-the-mobile’ service on three handsets including Moto VE66, Motosurf A3000 and MotoROKR EM35, which are slated for distribution in the Indian market.

The company’s release said that news-on-the-mobile service, which is powered by Pressmart1and 2, would provide consumers access to branded news content.

ComScore, a leader in assessing the digital world, today released the results of the first study of its cross-media team of PC and mobile Internet users in United States, discovering that light PC Internet users are 30% more likely than heavy PC Internet users to make use of their mobile devices to access Internet content.

Overall 42 million people used their mobile devices during October 2008 to access news as well as information content on the Internet, a growth of 57% from October 2007.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Axis Bank stock to achieve a target of Rs 330 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below 322, it may see more weakness.

According to Karvy, investors can sell the stock below 350 with a strict stop loss of Rs 360.

After selling the stock today, the interested investors can buy the stock again, but only on declines. The long term investors should stay invested to reap higher returns.

Bollywood famous actor, director and producer Feroz Khan was hospitalized in a critical condition.

Feroz, who is in his late 60s, was admitted to the intensive care unit of the Breach Candy hospital in Mumbai.

Confirming the news, a worker from the Oncology department of the hospital said, “Yes, Mr Feroz Khan was brought to the hospital in a critical condition. He is admitted in the ICU, occupying bed number 3."

The actor who has been ailing for some time is under the supervision of oncologist, Dr Suresh Advani.

Feroz is suffering from cancer.

KEC International, one of the largest Power Transmission EPC companies in the world, has secured two orders worth Rs 227 crore from Power Grid Corporation for supplying power transmission equipment.

In a disclosure to the Bombay Stock Exchange, the maker of power equipment said that it has received two 765 kV S/c projects in Madhya Pradesh and Maharashtra and in Punjab and Haryana from PGCIL.

State-run National Mineral Development Corporation (NMDC) on February 26 paid an interim dividend worth Rs 4.01 billion to the administration.

After getting the cheque from the NMDC chairman, Mr. Ram Vilas Paswan, Union Minister for Steel, Chemicals and Fertilizers, praised the company (NMDC) for its excellent performance.

Mr. Paswan stated that NDMC’s 4 million ton steel plant in Chhattisgarh would come sooner than schedule.