TATA group would set up an aerospace and precision engineering unit near Hyderabad in Andhra Paradesh. The state had also tried to lure TATA for the relocation of Nano car plant. But Gujarat chief minister Narendra Modi successfully captured the small car project. 

The proposed aerospace and precision engineering unit would be one of its kinds in India. TATA would develop precision engineering systems for aviation industry, advanced surveillance systems as well as MRO (maintenance, repair and overhaul) operations. It would work in co operation with DRDL, DRDO, RCI, DLRL, BDL and BHEL.

With International Financial Crisis having hit nearly all commercial sectors including the IT industry, the announcement made by Rajendra B Vattikutti, President Computer Science Corporation (CSC), a US based IT company, to increase its workforce in India by 2000 people may have brought a smile on the faces of many un-employed youths in India.

The company has centers in Noida, Indore, Hyderabad, Chennai, Mumbai, Bangalore and Vadodara, all dealing in three major businesses i.e. business solution and services, global outsourcing services and the North American Public Sector.

PC maker Dell India has made announcement about the opening of its first Dell exclusive stores in India at New Delhi and Coimbatore.

These newly launched Indian stores would sell the company's consumer range of products, which includes Inspiron, Studio and XPS.

The main feature of the new Dell exclusive stores is that it keeps on offering the benefits of Dell’s direct model with the added benefit of retail availability to browse, touch and feel the product, and then place an order for the favored model.

The Indian Automobiles industry will soon touch a new high with major players gearing up to make their place in the market of the middle and upper middle class Indians. 

As if endorsing such a thought the Vice-President (marketing) Honda Siel Cars India , the Indian subsidiary of the Japanese Car Makers 'Honda' Mr. Jneswar Sen said "We are designing a small car which will be launched a few years down the line". 

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.