An experimental walking assistance device was introduced by Honda Motors yesterday that basically has been invented to help the people who are capable of walking on their own, but need an extra help with leg and body support while performing tasks.

The biggest steel maker in the world, ArcelorMittal has decided to reduce production of steel following slow demand due to global economic crisis. Its margin has been impacted due to slow demand by reality and automobile sector. Analysts of Citigroup Inc., Johan Rode and Peter Marcus has forecasted the decline in demand in the coming year. Many Russian, South Korean and Japanese steel giants have already decided to reduce production after noting decline in demand.

With the intention to cater to an increasing European and North American clientele, Tech Mahindra, India's sixth largest software exporter, has opened up its sixth centre of excellence in South Tyneside, UK.

The provider of solutions and services to the telecommunications industry has invested £3 million invested during phase-I of the project, while another £2 million will be invested during phase-II.

The new centre would generate 500 new jobs over the next three years.

For the manufacture of critical components for thermal power plants, forgings major Bharat Forge Ltd (BFL) is proposing to form an energy joint venture with a Europe-based company of the Alstom Group.

Baba Kalyani, Chairman and Managing Director, BFL, described the move as a part of the company’s planned entry into the capital goods sector.

Toyota Motor Corporation (TMC) considers India as a potential market for its new models. It would double its investment in the country in the coming times. TMC has decided to invest Rs 3,200 crore in India. The company has decided to set up a new manufacturing plant at Banglore. It would make the Toyota Kirloskar Motor Private Limited (TKM) site more efficient by increasing its production capacity.

Glenmark Generics Ltd, a division of drug maker Glenmark Pharmaceuticals Ltd, has made announcement about the launching of its anti-hypertension drug ‘Perindopril’ in the UK market.