An FIR has been filed against Indian Premier League Chairman Lalit Modi for forgery and criminal conspiracy in the 2004 Nagaur Land Row case.

The media reports floating all around suggest that Modi wanted to grab the post of the president of the Rajasthan Cricket Association in 2004; however he was not a domicile of the state. So in order to achieve his aim, he bought land in Nagaur through forgery.

It has been reported that in 2004, Modi bought land (immovable property) in Nagaur with the help of forged signature so that he could become the RCA president. Modi was also made Nagaur cricket association President.

The latest buzz is that pacer Stuart Broad has denied joining the growing list of England cricketers seeking lucrative Indian Premier League deals. The reason behind the decision is Broad's desire to put his energies on international assignments like the Ashes.

While revealing Broad's decision to opt out, England team's managing director Hugh Morris said, "It's a good opportunity for players but it's a good opportunity for us. We've got a very important summer ahead of us with the Twenty20 and the Ashes and this is a decision Stuart has made and we must respect that."

With the aim to become the first operators in the world to launch 4G, TeliaSonera has signed contracts with Ericson and Huawei and by 2010; the 4G network would be rolled out commercially.

It won't be wrong to say that this contract has made an important step in the evolution of TeliaSonera to the next generation network.

For the initial 4G City network in Stockholm, Ericson has been chosen by TeliaSonera, while for the initial 4G City network in Oslo, Huawei has been selected. Furthermore, it has also been learnt that the evaluation of suppliers for its 4G networks in the Nordic and Baltic countries are said to be on.

The channel business by the Security vendor, Trend Micro is being restructured in India, and already the Delhi-based ACPL and Chennai-based Raksha Technologies have been elevated as sub-distributors.

It has also been learnt that by the end of this month, the consumers will also be able to avail security offerings from the vendors, who are also betting on retail strategy. It will also be good to know that all the retail outlets across the country will have Trend Micro Internet Security and Security Pro.

Higher input costs and global slowdown adversely hit the business of state operated Steel Authority of India (SAIL) for the third quarter of current financial year.

The steel giant registered 56.4% decline in net profit for the quarter ended December 31, 2008 leading to a setback for its expansion plans amid recessionary waves across the world.

Vijay Mallaya owned United Spirits Ltd (USL) is all set to strike a strategic deal with Diageo, producer of leading brands Johnnie Walker whiskies and Smirnoff Vodka, in days to come, paving a way for representation in USL board by Diageo.

Diageo may pick up a minority stake of 14.9% in Mallya's United Spirits (USL) that controls about 55% of the spirits market in India. USL group that owns large reserves of treasury stocks may offload these stock reserves in order to arrange funds for its growing capital needs.