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Escorts Group in Delhi has just announced that it will make no plans to separate its three biggest businesses: agri-machinery, construction, and material handling equipment anytime soon.

A recent report in the newspaper states that the company was planning to lists its verticals but they will not longer separate the entities.

The purpose was to unlock the value of each entity and gain a good price. However, a spokesperson from Escorts states that they no longer plan to do that soon but a list opting to separate will take at least three to four years.

The Sensex dropped to the negative zone and it has made some traders a bit worried. However, the auto and IT sectors have enough strength to help the index tough a high of 18,838. The Sensex was down 55 points at 18,759 along with Nifty which was down 16 points.

A report compiled by Bloomberg has suggested a 0.2% decline in currency to 44.52 per dollar as of 10 a. m. in Mumbai. Yesterday, it has touched the strongest position since May 3 at 44.335.

Simultaneously, the overseas investors have received an applaud for dragging $1.4 billion more Indian stocks, as compared to their last week sales, suggested the exchange data. It is anticipated that the rupee will trade at 45.04 to the dollar, during the next three months.

A group of Danish researchers have suggested that wide array of painkillers including common prescriptions for treatment of inflammation , non-steroidal anti-inflammatory drugs (NSAIDS), such as ibuprofen and aspirin and advanced anti-inflammatory drugs, known as selective COX-2 inhibitors can trigger an irregular heart rhythm. The painkillers are already known to have an association with increased risk of heart attack and stroke.

According to a report, Microsoft has entered into an agreement with China’s popular search engine, Baidu for an English-language search service.

Microsoft aims to expand the presence for its Bing search engine in China while Baidu, which is the leading search engine in China, looks to expand outside its home country. The agreement comes after US search giant, Google moved its operation from China following a spat over censorship and a hacking attack with the Chinese authorities.

Accordign to some reports, Nokia may not launch its latest Meego powered smartphone, the N9 in the UK market.

the UK is not among the list of countries that Nokia has asked its users to check for availability. Surprisingly, Italy, Spain, Germany and France are also not mentioned in the list.

“The N9 will begin shipping in 2011. We will share more information about the specific markets and the pricing closer to product availability,” said Nokia's communications manager, Mark Hindle.