Microsoft on Friday morning fixed its previous day glitch affecting its MSN, Windows Live and Hotmail services. The “temporary outage” caused widespread panic among users when their sign up was invalidated with their inboxes disappearing, and instructions for signing up a new e-mail account!  

Late Thursday night, Microsoft assured the users that their inboxes as well as e-mails were “safe,” and that the quandary resulted from an “incorrect message,” which apparently had been sent out during the company’s “routine maintenance” procedure.

The International Finance Corporation (IFC), a member of the World Bank Group, has decided to provide both equity and debt to china-based wind energy developer, Honiton Energy Caymans Plc.

The Tanti Group, promoters of India's top wind turbine maker Suzlon Energy Ltd, holds a 23.6% equity stake in Honiton Energy.

Honiton Energy plans to build up about 1,600 MW of wind energy capacity by the next three years (2012) in China's Inner Mongolia region.

Pharmaceutical company Jubilant Organosys on Thursday said it has joined hands with a Finland-based firm Orion for the discovery of drugs.

The company stated in a release, that its two subsidiaries Jubilant Biosys Ltd (Bangalore based) and Jubilant Chemsys Ltd (Noida based), has entered into a pact with a Finland-based firm Orion.

Under this "Hybrid & Integrated" arrangement, Orion will have the option of utilizing resources flexibly from both Jubilant Biosys Ltd and Jubilant Chemsys Ltd based on the requirements of its drug discovery projects.

In order to take the lead in offering the best value for US to India calling, Bharti Airtel, Asia's leading integrated telecom services provider, on Thursday launched the never before calling rate of 1 cent a minute on its online calling card service airtelcallhome. com, with the name of IndiaOne offer.

Aircel, the telecom player in India, with majority stakeholder Malaysian telecom major Maxis Communications, has announced the launch of its GSM mobile services in Mumbai.

With a subscriber base of over 1.8 lakh, Aircel, the fifth largest service provider, rolled out its 17th circle in Mumbai.The company has launched GSM services around 6 circles within past two months.

According to a report, the company has invested over Rs 550 crore for launch of services in the Mumbai circle.

According to domestic institutional investors, the debt-ridden Indian real estate bigwig Unitech Ltd intends raising Rs. 1,250 crore by way of a qualified institutional placement (QIP) of shares, for the repayment of part of its debt of more than Rs. 8,000 crore.

An unnamed company official said that the funds, likely to be raised by the end of this month, would help the company cut its debt by Rs 1,000 crore by June this year.