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According to a report in the Wall Street Journal, the US online retail giant, Amazon. com is planning to launch an Android-based tablet as early as October to the customers.

Analysts say that through Amazon’s tablet will not knock out Apple iPad from the market; it does have a real chance of becoming a serious competitor to the popular tablet.

Bharti Airtel, Vodafone and Idea Cellular have decided to work together to offer the 3G service in the country.

The three companies will use each other’s networks through inter and intra-circle roaming arrangements to offer fast 3G service in the country to their millions of subscribers.

Mumbai, July 15 : Heavyweight scrips soared a whopping 20 percent in the futures and options segment as some freak trades spiked the price of blue-chip companies on the Sensex, the 30-scrip benchmark index of the Bombay Stock Exchange, Friday.

Companies with the largest market capitalisation, like Reliance Industries and ONGC, saw their share prices jump almost 20 percent, but soon a correction saw them recede to lower levels.

The State Bank of India (SBI) declared that if the government did not subscribe to its rights issue, it would look at private institutional placements and a follow-on public offer (FPO) as their new tools to raise funds.

Chairman, Pratip Chaudhuri commented that by 12 March, the bank had planned to make the mixture of rights issue and other instruments which would be used to raise an amount of Rs 20,000 crore.

Today, the Apollo Hospitals announced that they would be launching their day surgery centre in Chennai, which would be reducing the slight day surgeries period up to 60 minutes.

The company had already fixed the floor price of the matter at Rs 491.29 per equity share and they began their shares positioning with eligible institutional buyers. By now, the company has already invested, nearly an amount of Rs 270 crore for the extension plan.

As per reports of ICRA on weekly food inflation, WPI inflation has increased by 9.4% in June 2011. The high rates in WPI inflation were due to June’s revised prices for kerosene, diesel and LPG known as fuel index and also due to mineral index which reflected commodity prices. In May 2011 the overall WPI was 9.1%. There has been an increase, but it was still less than ICRA expected number- 9.7%.