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Kites is going to represent Bollywood all over the world. The most hyped movie of the year, Hrithik Roshan-Barbara Mori starrer 'Kites' is going to hit the theaters this week itself. It is going to be released in over 2,300 screens worldwide on this Friday i. e. 21st of May. So the movie is going to be a grand international release.

The subsidiary of search giant Google, YouTube celebrates its fifth birthday today. 18th May five years back, Google had introduced this product to the web and had provided its users an all new experience of watching online videos.

In these five years YouTube has developed as a major player among the online video sites. It has managed to provide its users millions of video clips as per their demand. It has developed itself as a major wing of the world number one search engine giant Google.

On Tuesday, Venus Remedies said that it is going to launch a new pain killer in India. The drug would be once-in-a-day dose, which will be injected inside a patient's body.

Name of the medicine is Aceclofenac OD and it is the first of its kind painkiller in the market.

The pharmaceutical company took this step after it managed to get a patent for the drug from the Indian authorities.

Venus plans to hit the market by the end of 2010 and aims at grabbing a market share of 10 per cent in the painkiller segment.

Anil Ambani's Reliance MediaWorks said on Tuesday that it is going to expand its facility in Britain.

The company is into the business of film and entertainment services and wants to expand its operations in Europe so that it can tap the growing opportunities in the continent.

Talking about the plans, Anil Arjun, Chief Executive of the company said that the being in the business of film and media, it is not possible for a company to stay away from the European sub-continent.

State Bank of India's mutual fund, SBI MF has decided to come up with an open-ended equity scheme.

The name of the fund will be SBI PSU Fund and it will be investing money in the public sector units of the country. The money will be invested through the stocks of these PSUs rather than going through any other means. But the bonds and other debt instruments that are issued by the PSUs will also considered as an investment tool.

The fund opened on Monday and will close on June 14.

India's largest gas transmission and marketing company, Gas Authority of India Limited (GAIL), on Tuesday announced a 45 per cent increase in its net profit for the quarter.

This is inline with the whole sector which saw a growth rate of 28 per cent. But what is commendable is that GAIL managed to grow more than the sector average.

While the gas trading business increased by 3 per cent, gas transmission touched the level of 106.74 mmscmd.