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.

Max New York Life Insurance has entered into a strategic business alliance with Indian Mercantile co-operative Bank as referral partner relationship.

Under the arrangement, Max New York Life Insurance will utilize the branch network of the Bank to sell its life insurance products.

Anil Dhirubhai Ambani Group company Reliance Capital, a major financial services provider, has finally secured an approval from the National Housing Bank (NHB) for setting up a housing finance company.

It may be noted that, Reliance Capital is already into the mortgage business through its wholly-owned consumer finance arm Reliance Consumer Finance.

National Thermal Power Corporation Ltd (NTPC) has signed a Joint Venture agreement with five large state-run companies. The list includes Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Ltd (RINL), Coal India Ltd (CIL) and National Mineral Development Corporation Ltd (NMDC).