Consumer appliances giant Samsung India has announced that it will invest USD 20 million in its Chennai and Noida facilities this year to strengthen business operations.

The company has sketched an investment worth USD 20 million for these facilities with more focus on machinery. The company intends to export televisions and front loading washing machines to the SAARC countries from its Chennai unit.

It may be noted that Samsung last year invested USD 200 million as part of global expansion plans.

On Thursday, the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia confirmed that a dire need of help was required by the apparel industry and that he would suggest some sort of stimulus package in order to protect jobs and interest of those who are linked with the industry.

The slowdown and recession in export markets has adversely affected the industry and even has put negative impact on millions of jobs and investments.

In latest happening, Electronics giant Philips has revealed its plans to manufacture light emitting diode (LEDs) lighting products in India.

The company intends to make LED range with the help of vendors spread across Kolkata, Delhi and Daman. However, on receiving good response, the company may set up its own manufacturing base in India.

The latest move is in line with the company's vision to deliver energy conserving solutions.

Electric car maker Reva Electric Car Co has informed that it will launch a new model powered by advanced battery technology this year.

The latest model will be powered with lithium-ion based battery and would be launch by May this year.

Sources revealed that the new car with a single charge will cover an approximate distance of 120 km, and will be ideal for city driving conditions.

It has recently come to vision that Norway has dropped its legal complaints against Apple, which it made in 2006. The confirmation came on Wednesday from the official sources.

Earlier, when the legal hammer was thrown by Nordic powerhouse upon Apple, even the Consumer Ombudsman Bjorn Erik Thon was involved in the whole issue, and it is quite well known that when Bjorn gets involved, things get negotiated.

A high-end server chip, which is being considered as the world's first 2 billion transistor microprocessor, originally expected as earlier as in year 2007, has been delayed by Intel.

It has been learnt that basically, Tukwila is a quad-core update to the Itanium processor that has had a less-than-promising run since the time the original version was announced back in 2001.

A statement issued by Intel specified on Thursday, "Intel has made some engineering enhancements to the Tukwila platform."