Industrial production posted 2.4 per cent growth in November 2008. Industrial output recorded negative growth in previous months, first time in 15 years.

Industrial Output growth rate was 4.9 per cent in the same month last year. It reported increase of 3.9 per cent for first eight months of current financial year as compared to 9.2 per cent in the same period of FY 2007-08.

Improvement in growth rate has been registered due to signs of recovery in industrial activity in second half of November and lower base effect in corresponding month last year helped to improve industrial output.

The world's top auto company, Toyota is in touch with South Korean company POSCO to get steel for its operations. Toyota Motor Corp. is suffering losses due to low sales and has been employing various cost cutting methods to mitigate the impact of global slowdown. Entire automobile sector is facing the heat of global slowdown with significant decline in sales.

POSCO is the fourth largest supplier of steel in the world. It is already supplying steel to leading Japanese auto giants. The spokesperson of POSCO, Ko Min-jin said, "We are in talks with Toyota on a similar deal."

The Union Ministry of Communications & Information Technology has provided 4.4 MHz of Spectrum in 1800 MHz GSM band to Unitech Ltd for the West Bengal telecom circle. The company has announced that it would soon start telecom services in the West Bengal Service Area.

The company has already been allotted spectrum in 21 service areas. The telecom arm of real estate major Unitech Ltd, Unitech Wireless is also planning to launch 3G services in near future. State run MTNL has already launched 3G services in national Capital Region.

Shreyas Shipping & Logistics Ltd has sold its vessel `M V OEL Aishwarya` for USD 972,637.20. The company is facing the heat of global financial crisis and posted record losses in the September quarter of this financial year.

The funds from recent sell out would help to overcome liquidity problem being faced by company following global financial crisis.

The company posted loss of Rs 19.46 million in the reporting quarter while recorded profit of Rs 60.31 million in the same quarter last year. Its net sales registered an increase of 30.55% to Rs 539.58 million.

With the help of the Zadko Telescope, an enormous gamma ray burst that happened 11 billion years ago -- before planet Earth was formed was captured by Astronomers in Australia.

Dr. David Coward of the University of Western Australia, also the lead Astronomer behind the discovery informed that the image which they recorded is a window in time thus allowing them to look into the distant past to a time when the universe was very unusual.

Dr. Coward reported, "We are discovering the richness of this transient universe, one that is filled with brief but extremely bright flashes. If a similar explosion happened in our galaxy today, it could result in mass extinctions on Earth."

With the aim to attract more and more customers, Sony Ericson recently unveiled its W508 Walkman phone. The highlight of this set is that the users are allowed to mange their music via PlayNow arena, TrackID, Shake and Gesture Controls without any hassle.

The users are also allowed to personalize the phone with eight changeable style-up covers and SenseMe depending on the mood.