The five year long family dispute of the Bajaj industry group has been resolved amicably. Two groups of companies have been formed without transfer of any cash. The petitions filed by Mr Shishir Bajaj with the Company Law Board in March 2003 have been withdrawn with immediate effect.

Meanwhile, Shishir Bajaj has resigned from the chairmanship of Sevashram, the financial arm of the Bajaj group. In a statement to CLB, Shisir Group said, "With this, all disputes between both sides stand resolved."

The Union Finance Ministry has asked the telecom department to double the floor price for 3G and wireless broadband spectrum. The move can further delay the 3G auction process scheduled for January 16.

The finance ministry has asked to submit fresh proposal to the Cabinet with the desired changes. Two anonymous executives of the telecom companies said that the move would make 3G services more expensive for the consumers. Telecom companies expressed reservations on the fresh move of 3G prices issue.

Inflation rate continues to decline and currently stands at a 10-month low of 6.38%. It stood at 6.61 per cent last week and eased marginally following the decline in prices of almost all primary, manufactured and food articles. The inflation rate touched the peak level of 12.92 per cent in the first week of august, leading to tight monetary policy by the Reserve Bank of India to control price rising.

Vehicle sales witnessed decline in the month of December following the slow demand due to the global financial crisis. Sales of passenger as well as commercial vehicles posted slow growth rate. Maruti Suzuki, General Motors and two-wheeler makers Hero Honda and Bajaj recently released their sale figures which indicate the adverse state of automobile sector in the country.

Multi-talented actress Tabu is making headlines by her new avatar on Vogue magazine’s cover page.

Tabu graces the cover of the ‘January 2009’ issue of Vogue magazine, which celebrates feminine shape that defines a woman.

Tabu, known for her quintessential Indian silhouette and perfect acting skills, is seen in an attractive silk dress embroidered with Swarovski stones.

The issue is a must have as Tabu has a free-wheeling chat with director Homi Adajania (of ‘Being Cyrus’ fame).

Bharat Sanchar Nigam Ltd (BSNL) has made announcement about the launching of its ‘Interactive Personalised Television and Video Services’ (IPTV) services in Haryana.

In order to fulfill this initiative, State-run telecom operator (BSNL) has joined hands with Smart Digivision.

IPTV is a system delivering digital content services to subscribers using the Internet protocol over a broadband connection using closed network infrastructure.