In the late afternoon on Tuesday, Carol Bartz, executive chairman of the board of Autodesk Inc. was confirmed as the new CEO of Yahoo! Inc. by the online company itself.

It has been learnt that Bartz will immediately start with the new role as CEO and a member of Yahoo!'s board of directors.

Via a statement, Roy Bostock, Chairman of Yahoo!'s board informed, “We are very excited to have Carol Bartz leading Yahoo! into its next era of growth. She is the exact combination of seasoned technology executive and savvy leader that the board was looking for.”

A perfect prototype of a supercar, which operates on the energy of wind and is capable to reach up to the speed of 155 mph, would be completed by a California-based company.

If adhered to the reports, then the car, which will be two-seater and environment friendly, will be outfitted with paper-thin solar paneling, which would fully charge the battery in just six minutes due to new prototype batteries.The car will run up to 200 miles with fully charged batteries.

The scope of treatment with stem cells has widened over the years. Stem cells can be used in treatment of 80 diseases like heart ailments, diabetes, skin trauma, certain cancers like leukaemia and breast cancer, and blood disorders like thalassemia major.

Cordlife Ltd, a Singapore-based cord blood banking group launched the first Indian facility to store stem cells from the umbilical cord blood, which can be used to regenerate tissues of brain, heart and the like.

Vicks VapoRub has been popularly used to relive symptoms of common cold from many years.

Recent research revealed that it should not be used in the infants because the menthol-based ointment can cause a young child's airways to swell and fill with mucus, triggering severe breathing problems because of the small size of their nasal airways can cause airway inflammation that can restrict breathing in them.

Fidelity International has announced the launch of its Fidelity Wealth Builder Fund, an open ended fund of funds scheme offering asset allocation options with three Plans, in the Indian market.

The investment objective of the fund is to generate reasonable returns based on the Plan selected with minimum and maximum asset allocation between debt and equity.

The company stated in a press release that the fund manager will use a two-tier investment approach i. e. asset allocation and fund selection to invest in Fidelity's funds.

State-owned Bharat Heavy Electricals, the engineering major, has signed Joint Venture agreement with Karnataka Power Corporation Ltd for setting up Joint Venture Company.

The JV company will build, own and operate two 660/800 megawatt coal-based power plant at Yeramarus in Raichur and another 660/8OOMW power plant at Edlapur, also in Raichur.