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Toyota after a spree of calling back its Prius and other hybrid models had to recall its Camry and Lexus ES model fro the problems of sudden acceleration. Earlier it had recalled millions of its cars for the same problem.

But this time Toyota claims it has saved $100 million after a negotiation with the regulators for the limitation of the Camry and Lexus recall.

In only the Prius recall, their erstwhile no. 1 selling hybrid car, the company has estimated that the recalls would be costing them a hefty $ 2 billion, which include repairs and a decline in sales.

On Monday, Hong Kong shares revived back to life after facing a one-week low after the Shanghai wrapped up quickly making gains and giving a sigh of relief to the investors.

China's index ladders up, with a better than expected performance and a whammy reserve ratio, after a long financial weekend, following the moves of the U. S. Policy. It closed down 0.49 percent in thin volume, led by banks.

The placement season is back and there are jobs everywhere. The best management school in India IIM-A has begun its annual placement process.

All the top notch Investment and consulting firms are back in the business offering the best of salaries to pick the best of talent. In 2008, Deutsche Bank had offered a record Rs. 1.44 crore package and is all set to break its own record this year. This signifies that happy days are back again for the management graduates who were among the worst hit during the recessionary times.

Aviation minister Praful Patel can finally have a sigh of respite. The Indian aviation industry has finally shown some signs of revival after some sort of economic recovery. Almost on the verge of a close down, during the times of recession, there has been a massive growth in the last 2 months.

The growth figures of the last 2 months being a record breaking 33% in December and a 23% in January. Airlines are now once again looking at expanding their workforce and their fleet.

The Housing Industry Association (HIA) warned that Canberra may soon go past Sydney in terms of housing affordability as situation continues to dwindle. Canberra was ranked as one of the most expensive in capital cities in Australia for those who buy home for the first time.

While prices of average ACT dwelling in the city surged nearly 29 per cent over the past 12 months, the Affordability Index declined to 105 from 142 during the same period, HIA said. The decline in the Affordability Index meant a
26 per cent drop in first home buyers' affordability.

Schlumberger, the Oil industry services group has agreed upon buying its competitor, Smith International for $11.34bn, in an all-share deal.

However the takeover will require shareholder and regulatory approval which is valued at $45.84 per share, 37.5% more than the closing price last week.

This deal is the latest in the acquisition which will be getting unveiled in the concerned sector, due to the rising global crude oil prices in the past few months.