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Wal-Mart is all set to enter the market of online video streaming. The behemoth is in talks to buy the VUDU, an on-demand video service that sells and rents movies and TV shows over the Internet.

Nokia, India's highest selling mobile phone company, is planning to launch a unique Nokia Software Updater 20.0.019 which shall come with enhanced touch screen scrolling facility and also includes Ovi maps 3.01 with 3-D maps. It shall act as a windows application that shall be useful in updating device of a user from his PC.

Leading Australian owned telecommunications carrier Amcom Telecommunications plans to buy the internet protocol communications provider IP Systems for $6.5 million, the company said in a statement to the Australian Stock Exchange.

The deal is now waiting for approvals of both regulators and shareholders.

The deal, as expected, would add to the company's product portfolio for enterprise voice solutions, the company statement said.

Here we have a new planet! Astronomers have recently discovered the youngest extra-solar planet which is six times the mass of Jupiter - 1.9x1027 kg. It is only 35 million years old and the planet orbits active central star at a very close distance which is closer than the distance at which Mercury orbits the Sun. Dr Maria Cruz Galvez-Ortiz and Dr John Barnes from University of Hertfordshire who led an international team of astronomers have made this discovery.

Religare Enterprises Ltd has announced that it will invest about $1 billion to acquire stakes in asset management firms in order to create a global company.

Religare will acquire majority stake in Northgate Capital LLC which has offices in San Francisco and London and manages assets worth $3 billion, according to the company statement.

Wockhardt Ltd is planning for a debt restructuring after it found it hard to deal with the angry lenders and bond holders. They were hostile because the company failed to meet to debt payment requirements mainly due to losses from foreign currency fluctuations.

A US based hedge fund QVT has now proposed an alternative debt restructuring plan for Wockhardt wherein they will buy a significant minority stake in the Indian company. QVT and a group of investors have filed a winding-up petition in the Bombay High Court as the company did not play its debt payments.