In a significant move, Research In Motion (RIM), last week, has filed a lawsuit claiming Motorola improperly blocked the Blackberry maker from hiring employees Motorola has already fired or plans to terminate.

Earlier in February this year, both RIM and Motorola decided not to plead for each other's employees.

Hyundai Motors India Limited (HMIL) has announced the introduction of Hyundai i20 in the Indian market.

Priced between Rs 4.8 lakh to Rs 5.82 lakh, the newly launched ‘Uber cool i20’ is an improved version of ‘'i10’ with large interior cabin and stylish exterior.

This fantastic five door car is available in three variants including the Magna, Sportz and the Asta.

It will come as a relief to those, who have to travel regularly by air and were frustrated by paying high fares time and time again, since it was announced by Kingfisher Airlines chairman Vijay Mallya that his airlines would cut fares by 1st January. Though he did not quantify the cut, sources confirm that it would be between 10% and 15%. So overall, the fares could further drop between Rs 500 and Rs 1,000. There had been reduction of fuel surcharge by Rs 400 during the last month.

The country’s leading private air-carrier, Kingfisher Airlines, has decided to cut fares across its network from January 1.

The fare-cut is expected to be in the range of 12–15%. However, the company did not specify the quantum by which fares would come down.

It may be noted that Civil aviation minister Praful Patel had repeatedly asked the airlines to pass on the benefit of sharp a drop in ATF prices to passengers.

For the last four months, a dramatic fall in ATF prices has been noticed.

Leading global education management systems provider, Core Projects & Technologies announced that it has acquired a unit of US-based education firm The Princeton Review, for USD 20 million (nearly 97.5 crore).

In a statement, the company said that the acquisition will be completed through its wholly owned subsidiary CORE Education & Consulting Solutions Inc, USA (CECS). The statement also added that the acquisition will be funded out of debt.

It is learnt that the takeover of the K-12 division of The Princeton Review (TPR) will add about USD 24 million to the global revenues of Core Projects & Technologies.

The deal also includes the acquisition of products and solutions, along with management team of TPR.

One of the country's top private air-carrier, Kingfisher Airlines has announced that it would effect fare cut across its network from January 1.

In a press release, Kingfisher Airlines chairman Vijaya Mallya said, “Kingfisher Airlines will begin the New Year on an aggressive note by slashing fares on its network.”

However, Mallya did not state the quantum by which fares would come down.