A sharp jump in quarterly consolidated net profit and challenges from a tight raw material position were the key areas of Tata Steel chairman Ratan Tata’s address to shareholders at the company’s 101st annual general meeting (AGM), which was marked by fear of protests by environmentalists.

With the aim to increase the collaborative capabilities of Jazz, IBM and its business partners are planning to release 20 products by the end of this year. The collaborative technology teams of Jazz work really hard to globally distribute its software.

A press statement informed that technologies which are already using or are built on Jazz can interoperate from other vendors, which will enable the customers to have better communication of data within and between their enterprises.

Nicosia, Aug 30: Ericsson, which is the worlds leading provider of services and technology to telecom operations, has been awarded a contract worth 85 million dollar to supply, build, integrate, operate and manage multi-play communications infrastructure for Saudi Arabia’s high-tech flagship city, the King Abdullah Economic city (KAEC).

When the project is completed, King Abdullah Economic City, near Jeddah, will be the world’s truly smart city.

General Motors (GM) has decided to invest $200 million (about Rs 870 crore) for engine, gearbox and transmission project. The engine project would be set up in Talegaon near Pune, Maharashtra.

The company has recently signed a memorandum of understanding (MoU) with the state government of Maharashtra. GM is the largest manufacturer of automobiles in the world with strong presence in almost all developed countries.

The proposed power train project would have an annual production capacity of 160,000 units and it would be completed by 2010.

Tokyo - Japan's Mitsui Mining & Smelting Co on Friday unveiled a plan to build an electrodeposited copper foil factory in Malaysia as the company expects demands to rapidly grow in Asia.

The nonferrous metal company plans to invest about 15 billion yen (137.22 million dollars) for a new plant to be located next to an existing factory in Shah Alam, Selangor, the company said.

The firm plans to complete the first phase of construction and start operations with a monthly output of 700 tons of electrodeposited copper foil by the beginning of 2010, with an aim to expand its production capacity to total 1,200 tons.

The Japanese company is hoping to lead the market with a total production capacity of 2,800 tons per month at both facilities.

Wednesday saw TiVo, a maker of digital video recording devices making an announcement that it is entering in partnership with “Entertainment Weekly.”

An official statement from the company said that the partnership is to “reinvent how TV fans in print and online connect with their favorite shows.”

The television shows termed as “Entertainment Weekly” “What to Watch” TV recommendations, will automatically be recorded by the TiVo devices under the agreement.