Anil Ambani-run Reliance Money has acquired 15 pc stocks in Hong Kong Mercantile Exchange (HKMEx). Reliance Money is the retail branch of Reliance Capital. It would be the first ever Indian company to acquire a stake in an international exchange. HKMEx is likely to start services in the first quarter of 2009.

TATA group owned Tata Motors has acquired a 50.3% stakes in Miljo Grenland/Innovasjon for Rs 9.4 crore. TATA Motors's UK arm would provide the required funds for the acquisition. Miljo is a Norway-based electric vehicle major. It was founded in 1997 to provide zero emission vehicles. It would start a new era of battery-operated vehicles in the Indian market. India is still lagging behind in electric vehicles category due to non-availability of required technology.

Bharti Airtel, India's leading integrated telecom company, has entered into an innovation and technology partnership with IT giant Infosys Technologies Ltd (Infosys), to offer cutting-edge interactive applications to the customers of Airtel digital TV - its DTH TV service.

As part of its Digital Convergence Platform, Infosys will provide a suite of products including devices, application servers and interactive applications that will concentrate on providing an enhanced digital lifestyle to Airtel digital TV customers.

Anil Ambani managed Reliance Communications, country’s second biggest wireless operator, has announced a mobile plan christened ‘Rs 550 Jaadu Pack’ that is set to re-define the mobile telephony market in Indian market. 

With this newly introduced plan, pre-paid subscribers with lifetime validity would now be able to make local calls at just 50 paise per minute and STD calls to any phone anywhere in India at just Re 1 for lifetime by making a one-time payment of just Rs 550.

Two leading airlines of the country, Jet Airways and Kingfisher would start joint flights. This is a much unexpected move as both airlines are competitor of each other in the aviation sector. Both airlines would cooperate with each other for sharing of codes on domestic and international flights, leveraging the joint network, joint fuel management, common ground handling and cross-selling of flight inventories.

Drug manufacturer, Wockhardt has got final nod from the US Food and Drug Administration (USFDA) to sell Risperidone drug.

The source close to the company said that the proposed medicine will be available in 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg and 4 mg respectively.

Risperidone is used in Psychiatric Medicine to treat cases of Schizophrenia, a form of relatively permanent disorder of the mind.

Aurobindo Pharma has also received sanction for the same drug.