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The Chairman of Reliance Industries, Mukesh Ambani visited the Huawei Technologies Co. Ltd’s extensive campus in Shenzhen, earlier this month. He was honored by the Huawei Technologies as he is expected to sign multimillion dollar orders for LTE equipment.

Mr. Ambani also held secret confabulations with Huawei’s top executives including the Founder and CEO, Ren Zhengfei.

Last week, the Government of India decided to raise diesel, domestic liquefied petroleum gas, and kerosene prices while also reducing customs and excise duty in order to cut the revenue loss of fuel retailers and to help boost the finances of struggling state-run oil and gas companies.

During the first quarter of the fiscal year Indian Oil, Bharat Petroleum and Hindustan Petroleum actually lost on selling diesel, domestic LPG and kerosene below cost.

There has been the launch of the electric version of ‘Beat’ in India. This has been done as a part of the demonstration of technology on a global level. There have been ties made with Reva, the electric car managing company and they are of the view that the battery technology use by them shall be utilized by the makers of Beat.

It has been revealed by the managing director of the firm that “This car demonstrates our technological prowess and reaffirms our commitment to the environment”.

There was an announcement made by the NASA that an asteroid is going to pass really close to Earth tonight. This announcement had raised a number of concerns and speculations from world over.

The NASA has come forward and is of the revelation that this asteroid is going to pose no danger to our planet. It is going to move about 12000 kilometers above the Earth from over the Southern part of the Atlantic Ocean.

They are of the view that this asteroid shall pose no harm to humanity. It is going to pass away quietly and shall be visible from Australia, South Africa, and New Zealand.

HTC, a Taiwan–based handset manufacturer with its new Flyer enters the world of competition with companies like Apple iPad, Samsung’s Galaxy Tab, Blackberry Playbook with its “tablet”. The tablet inspite of being small in size had the qualities of PC.

The seven- inch HTC Flyer was being launched in India and was priced at Rs 39,890. The tablet market had received a boom with the launch made by Apple‘s iPad. The tablet PC section in India was expected to touch 1 million units as per the analysis of financial experts.

A contract of Rs 1,843 crore has been signed between Hindustan Construction Company (HCC) and Alstom from THDC India Ltd (THDCIL), for the construction of Tehri Pumped Storage Plant (TMSP) in Tehri, Uttarakhand.

TMSP covers four pump turbine units which are of 250 MW each and once it completes, further 1,000 MW capacities will be provided to the Northern area.