With the aim to create even faster CPU than its current Yorkfield 45nm Core 2 based Xeon, Intel is planning to come out with an upgraded edition of the same that will operate at 3.16GHz. The present fastest Yorkfield based Xeon is X3370 at 3.0 GHz clock 12MB cache and FSB 1333 was carrying a price tag of $525, but from 18th January its price has come down to $317.

Thursday saw an announcement coming from medical service provider Fortis Healthcare that a controlling stake in Mauritian hospital 'Clinique Darne' would be jointly acquired by it with CIEL Group for a total of $7 million.

The domestic firm confirmed, "Fortis, through its wholly-owned subsidiary Novelife Ltd, has joined hands with Mauritian group CIEL for acquiring a controlling stake in the overseas private hospital -- Clinique Darne -- with an investment of $3.5 million each."

The hospital would be rechristened 'Fortis Clinique Darne', once the acquisition process is completed.

On Thursday three latest cellphone models were launched by Nokia, among which the successor to its slim hit model Nokia 6300 is also included.

In the second quarter of this year, Nokia will come out with its 6700 classic with a price tag of 235 euros ($307.4) when excluding subsidies and taxes, which is the follow up of the Nokia 6300 that was among Nokia's top sellers for many quarters.

The features of this model will include a 5-megapixel camera and GPS navigation with Nokia Maps.

It was confirmed by Kalpataru Power Transmission on Thursday that it has acquired an order

The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.

The government owned NTPC was the one to come with the next bid for the Rs 16,000-18,000-crore project that assured to provide power from the pithead coal project at Rs 2.39 per unit.

Jindal Steel and Power and Sterlite Industries were other two bidders. The former offered to supply power at Rs 2.69 per unit whereas latter bid the highest at Rs 2.97 per unit.

Chennai-based commercial vehicle manufacturer and Hinduja Group owned company, Ashok Leyland announced financial results for the third quarter of current financial year.

The company, under the impact of lower sales due to economic slowdown, posted decline of 82.64 per cent in net profit for the Q3 ended December, 2008. It stood at just Rs 21.09 crore in the reporting quarter as compared to Rs 121.49 crore during the same quarter last year.