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India has released a tablet that is priced at $35.

This price is considered to be only a 'twentieth' of the cost of Apple's iPad models, and is proffered as part of nationwide offering that is being pushed by Indian government in lieu of betterment of the literacy rate across the nation.

The best news about this device is that it will be come down to an offering of $10 per piece as stated by the human resources department.

The third-biggest cigarette maker in the US, Lorillard Inc. has seen a decline in its income for the second quarter. This has happened since the company faced lower volumes and was also facing increased expenses because of higher promotional costs.

Net income of the company went down by 8 per cent as the company raised its prices.

Some of the known brands of Lorillard are Newport, Maverick and True cigarettes. In real terms the sales of cigarettes was down by 9.78 billion as compared to the last year.

A new case of the horrid of mid day meal has come into face recently. As around 70 children were given immediate medical attention at a school in Bopodi, run by the Pune Municipal Corporation (PMC).

The children aged between six and 13 were rushed to Sahyadri hospital at Bopodi, soon after the mid day meal was served to them consisting of Khichadi (A dish made of rice and dal).

Sangeeta Tiwari, PMC school board chairman revealed that the food served to the children consists of dead insects, flies and even tiny pieces of magnets.

The recent rate hike announced by the RBI failed to dent the confidence level in the markets and they gained backed by favorable global cues.

This happened since the step taken by RBI was on expected lines and they helped the sensitive stocks to outperform the markets.

However, a number of companies failed to meet the market expectations in terms of their financial results and it also includes many big companies as well.

Benchmark BSE Sensex closed at 18,077 that is 57 points up the last level. NSE gained 12 points to end at 5,430.

Liquor Company, Radico Khaitan has announced its quarterly results and has been able to post healthy profits during the period.

This has happened since it saw good sales figures and rise in profit margins of its premium brands.

Profit for the June quarter was at Rs. 160.5 million which is higher than last year for the same period when it was at Rs. 107 million. Net sales were at Rs. 3.26 billion.

Looking at the current tussle between the regulators regarding the popular unit-linked insurance plans (ULIPs), the Finance Minister Pranab Mukherjee has announced introduction of a bill.

The bill was introduced in the Lok Sabha and the idea behind the same is to replace the existing ordinance and settle all the disputes.

As per the ordinance, IRDA will be looking after the issues related to ULIPs. The issue began when the market regulator, SEBI and insurance regulator, IRDA, did a public spat on ULIPs.