Leading mobile handset manufacturer, Nokia launched four new handsets at the Mobile World Congress 2009 at Barcelona. The newly launched products include two E-series phones E75, the successor of the popular-with-business people communicator series, and E55 with QWERTY layout.

E75 supports a sliding QWERTY landscape keyboard and highly sophisticated keypad with price tag of _375, available from next month across leading mobile stores in the world. The handset would be the first Nokia mobile to feature Nokia Messaging.

India emerged as best investment destination for investors despite global financial crisis and recessionary waves across the world, recording 45 per cent increase in Foreign Direct Investment (FDI) in the period between April and December 2008 against the same period last year.

Finance Minister, Pranab Mukherjee, while addressing parliament during presentation of interim budget, said that the country have strong economic fundamentals and it GDP growth rate of 7.1 percent, for the current financial year, makes it as the second fastest growing economy of the world.

Anil Ambani-led Reliance Infrastructure, in a revelation before Bombay Stock Exchange, said that one of its promoters AAA Communication Pvt Ltd. pledged 16.35 per cent stakes in Reliance Infrastructure. Its other promotes includes Reliance Capital, Sonata Investments Ltd, Reliance Inn ventures Pvt. Ltd, Reliance General Insurance Company besides Ambani family.

Total of 3.72 crore shares are able to fetch Rs 2,119.92 crore to the promoter, considering prevailing market price of shares of Reliance Infrastructure. AAA Project Ventures held a 36.66 per cent stake out of 37.33 per cent stake of promoters in the firm.

Aditya Birla group owned, Hindalco Industries, approved financial restructuring plans for future, chalking out new strategy for further expansion and reserving funds to implement growth plans. Some portion of amount would also utilize for adjustment of non-operating / extraordinary costs aroused on accounts of some international acquisitions and company's ambitious organic growth projects.

The company said, "The aforesaid amount would be utilized for write off or adjustment of non-operating costs on international acquisition made by the company and organic growth projects in India."

In a case pertaining to copyright theft, four men working at The Pirate Bay file-sharing Web site go on trial in Stockholm. All four of them - Peter Sunde, Gottfrid Svartholm Warg, Carl Lundstrom, and Fredrik Neij - were supposedly accomplices in breaking copyright law.

If convicted, the four men face a fine of $143,500, and a two-year prison term.

Indian stock continued to trade negatively with bankex, realty capital goods, metal and power stocks lost more than 4% due to disappointment from the interim general budget for 2009-2010.

With Pranab Mukherjee, minister of external affairs, not declaring any incentive for the sick zone through the interim budget, capitalists have gone on a selling spree in key realty stocks.

Realty stocks, which saw good buying interest in morning on hopes of some incentives from the budget, plunged deep into red in afternoon trade.