Packed with Qualcomm's cell phone technology, start-up Zeebo's first video game console for "the next billion" will be launched next month. Priced at $199, the console will specifically target the "emerging" BRIC - Brazil, Russia, India and China - markets.

Given the fact that Zeebo's console is developing world-specific, it is not intended to offer any direct competition whatsoever to the "big three" namely - Sony's PS 3, Microsoft's Xbox 360, or Nintendo's Wii.

L&T and Spice Group have emerged as front runners among seven other players for acquiring 51 per cent stake in the tainted Satyam Computer Services.

The company has been in limelight following the disclosure of largest ever corporate auditing fraud by its founder chief B Ramalinga Raju and other top executives of the Indian outsourcer.

The country's largest pharmaceutical company, Ranbaxy Laboratories Ltd has managed to get Good Manufacturing Practice (GMP) certificates from the concerned departments in the UK and Australia for its Paonta Sahib plant.

The authorities from both countries investigated the utility as per respective principles and guidelines of GMP in 2006 and finally gave nod to drug manufacturing after re-examining the plant in 2008.

The two week long placement drive at IIM Lucknow (IIM-L) concluded with moderate participation of firms across finance, real estate, media, general management and consulting firms.

Total of 105 companies made 284 offers to the 235 students with 25 students accepting pre-placement offers (PPOs) as per reports from the management institute.

Top recruiters included McKinsey & Co, The Boston Consulting Group, Proctor & Gamble, Hindustan Unilever Limited, TAS, HSBC, Axis Bank, ICICI Group, Deutsche Bank, American Express, Frost & Sullivan, Asian Paints, Alshaya, Cadbury, Johnson & Johnson, GlaxoSmithKline and Reckitt Benckiser.

Adani Wilmar, famous for its best-selling edible oil brand Fortune, would double the capacity of its Haldia based utility to 1,600 tonnes per day by December 2009. The company, with total worth of Rs 6,000 crore, would invest Rs 100 crore for the project to complete it by 2012.

Adani Wilmar CEO, Atul Chaturvedi said, "We are in the process of enhancing the Haldia unit's capacity from the existing 800 tonnes per day. We acquired nearly 8 acres of additional land adjacent to the existing unit spread over 9 acres for the same."

Essar Steel started a new steel processing facility at Oragadam near Chennai investing Rs 75 crore in a bid to enhance its steel service center capacity to satisfy growing demand of steel from clients.

The new facility, located at the SIPCOT Industrial Growth Centre at Oragadam, was inaugurated by Mr. TS Narayanasami, CMD of Bank of India in the presence of Essar Group Chairman Mr. Shashi Ruia.