Gujarat Pipavav Port Limited, the developer and operator of Pipavav port, the country’s first private sector port, has finally filed its Draft Red Herring Prospectus (DRHP) with market regulator (SEBI) for an Initial Public Offering aggregating to Rs 500 crore for cash at a price to be decided through a 100% book-building process.

UshaComm, a part of Usha Martin Group, has informed that it has entered into an end user license pact with Telecom Fiji. 

Under the deal, Telecom Fiji will utilize UshaComm’s state-of-the-art billing system Unicorn, convergent mediation system Pegasus and interconnect billing & reconciliation system UIBS.  

Suva-based Telecom Fiji Limited (TFL) is the only provider of local and national (trunk) telephony services, and owns the sole public switched telephone network in Fiji.  

Cologne, Germany  - TUV Rheinland Group, a German firm that certifies compliance of products with regulations, marked 30 years of doing business in Asia on Thursday, noting that it now had laboratories at 40 places in 14 Asian nations.

The first testing laboratory opened on October 2, 1978 in Tokyo with just three staff.

Today the Cologne-based firm has an Asian payroll of more than 2,600 and last year had regional revenues of 160 million euros (230 million dollars), nearly half that sum in China.

TUV surveys industrial plant, services and products such as home appliances, solar cells, medical equipment, toys, mobile phones and tools, and certifies them as meeting quality and safety standards.

London - British retail giant Marks & Spencer reported Thursday a steep fall in sales over the summer months in a further sign of the economic downturn, figures showed.

Hanung Retail, India's largest manufacturer of soft toys, has notified that it would open 50 home furnishing and soft toys stores by the end of this fiscal.