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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.

The adjustments made in the federal budget regarding the foreign investors will be taking place by 1st of August. It has been revealed that under the adjustment, the Finance Minister, Pranab Mukherjee has allowed mutual funds registered with the Securities and Exchange Board of India (SBI) to accept subscriptions from foreign investors who meet regulatory requirements.

The downtrodden movement of GTL’s share has pushed the government

The sterling has remained depreciated near five months against the dollar, for the reason being that the investors brought safe-heaven currencies with risk generally suffered from the roofing worries about the European debt crisis.

Besides sterling, the various other currencies have been seen this month to have depreciated to its weakest against the dollar with Greek to be predominantly the major reason behind this turmoil for Greek parliament not having approved the budget cuts, which has further boosted the demand for the world’s reserve currency.

The financially crippled state-owned telecom company, Bharat Sanchar Nigam Limited (BSNL) is expecting to raise funds in the near future to reinstate its lost credibility and position in the market. As per reports, BSNL is expecting to garner almost Rs 3,000 crore this fiscal (FY'11-12) from its enterprise business.