French automaker, Renault is planning to release a new passenger car in the Indian market priced at around Rs 4 lakh. Marc Nassif, managing director, Renault India said, "We have projects for below Rs. 4 lakh car. We will share details about that soon. It's not a project for India only, it's a global project of Renault."

Nassif said that about 50 percent of Indian passenger cars cost between Rs. 2 lakh and Rs 4 lakh and the company is aiming to enter the segment and attract customers in indian to the brand.

According to the new Chief Executive Officer of Sony, Kazuo Hirai, the company is planning to shut down some of the under-performing businesses in order to overturn the loss making company.

The Japanese electronics giant is expected to suffer a larger than expected loss of about $2.9 billion and this will make it difficult for the new CEO to turn around the company. Sony posted a $2.1 billion net loss for October-December as it continued to suffer against rivals including US-based Apple and South Korean firm, Samsung.

World's largest social networking site, Facebook has attracted a massive 40 million users in the South-East-Asian country of Indonesia. The country has the third largest community of Facebook users in the and interesting, to many users, Faebook is all they use on the Internet. The cheap mobile phones with internet access has made it possible for the users to use the social network with the push of a button without even realizing that they are actually using internet.

Internet giant, Google has said that it might go on the same route as Twitter and might start country-specific censorship of the content on its services.

This has attracted a lot of criticism of the company from around the world as Google is generally seen as a company supporting free speech and free slow of information. Critics say that the move shows that internet firms are bowing to the demands of authoritarian regimes from around the world.

A new report by Fitch Ratings has said that the outlook for the IT service sector in Indian is stable. The company sees a strong liquidity position for the sector in the year even as there might be a slowdown in demand for IT services from important markets including the US and European countries.

US-based Walt Disney Company is acquiring the media and entertainment firm UTV Software Communications by purchasing stakes from Rohinton Screwvala, Unilazer and Unilazer HK.

The agreement between Rohinton Screwvala, Unilazer Exports and Management Consultants Ltd, Unilazer Hong Kong Ltd and The Walt Disney Company (South East Asia) Pte Ltd has been terminated starting from 2 February, according to a filing by UTV Software Communications with the Bombay Stock Exchange (BSE).

The power generating companies and coal traders in the country are seeking clarification on the move by Coal India Limited (CIL) involving withdrawal of the price rise in coal as well as on how the gross calorific value (GCV) mechanism would prove to be cost neutral to them.

Coal India had proposed a new pricing mechanism that involved linking the prices to the quality of coal. According to estimates, the new pricing policy brought in by the coal monopoly would have resulted in the coal to be become dearer by 12-15 % for the state-owned and private power utilities in the country.

India's Reliance Industries has invited bids for bids for selling gap that will be produced from its blocks at Shahdol and Annupur in the central Indian state of Madya Oradesh.

The company said that it is aimin go to produce up to 3.5 million standard cubic metres a day (mscmd) of gas by the second half of 2014 from two coal-bed-methane (CBM) blocks from locations in the state.

Software giant, Microsoft has launched Kinect for Windows SDK and runtime as promised by the company earlier.

The company also said the Kinect hardware will now be offered through distribution partners. The Kinect motion and voice sensor was originally designed for Microsoft's Xbox gaming console but it also attracted a lot of developer interest for new apps.

Technology giant, Apple has released the new the iBooks 2 for iPad app and the iBooks textbooks, taking the digital book revolution to the next level.

Digital textbooks have been growing at a great speed and this has created an opportunity for companies like Apple and Amazon. Apple has been offering a pool of knowledge in algebra, biology and chemistry subjects. The company is offering various publications from major publishers like McGraw-Hill, Pearson, Houghton Mifflin Harcourt and DK.

Health experts have found that different blood pressure in separate arms are linked to risks of heart disease.

Cardiologist Oscar Garfein have said that doctors usually check their patients' blood pressure incorrectly and this puts them at risks. It is found that doctors should take blood pressure readings from both of his patients' arms to find out risks of heart disease.

According to a new study, the measures to reduce the rates of suicides in England and Wales in the past one decade have been successful.

The study showed very little evidence that showed that the measures have succeeded. The researchers found that continuous community crisis teams resulted in 200-300 fewer deaths from suicide every year.

British Prime Minister David Cameron has said that he would be ready to do 'everything he can' to encourage the Indian government to reconsider its decision to buy 126 Rafale fighter jets after defeating UK-backed Eurofighter Typhoon aircraft.

The Indian authorities have finalized the Rafale fighter of Dassault Aviation for its $10.4 billion medium multi-role combat aircraft (MMRCA) deal, according to the French company.

India’s leading automaker, Maruti Suzuki India has launched a new compact version its popular Swift Dzire sedan in Delhi. The company said that the model would have an introductory price between Rs. 4.79 lakh and Rs. 7.09 lakh.

Shinzo Nakanishi, the company's MD and CEO revealed the new shiny model and said that the prices are introductory and are likely to be increased later.

Technology sector firm, Mahindra Satyam has recorded an increase of 29.4 per cent in its consolidated net profit to Rs 308 crore in the quarter till December 2011.

The company said that it earned Rs 66.3 crore in the October-December quarter compared to Rs 33.7 crore in an earlier quarter. The consolidated revenues of the company rose 8.9% to Rs 1,718 crore compared to Rs 1,577 crore in the same quarter of the previous year. EBITDA margins were recorded at 16.2 per.

US retail giant, Amazon. com is entering the Indian market with the launch of its Junglee. com for customers in the country where the online market is growing at a rapid pace.

Junglee will allow customers to find products that are offered by online as well as offline retailers in the country as well as from Amazon. com. The Junglee. com service is currently in its bet stage.

In a new development in the ongoing 2G spectrum scandal case, the Supreme Court of India has scrapped the validity of quashed all 122 spectrum licenses that were granted to firms during the former communications minister A Raja’s time in office.

The court cancelled all the licenses on the ground they were issued in a “totally arbitrary and unconstitutional” manner. It also imposed a fine on three telecom companies that offloaded their shares after getting the licenses.

Mustardseed yesterday traded with the negative node and settled -0.03% down at 3295 as downside remained flat shrugging off arrivals of new crop rapeseed. Arrivals of rapeseed from the new crop in Rajasthan, the biggest producer of the oilseed in the country, are expected to pick up in the coming weeks. Oil industry in Madhya Pradesh appears to be divided over pricing of mustard oil. While a section of oil traders presume a bearish sentiment as arrival of mustard seeds in the State mandis will pick up in coming days.

Wheat yesterday traded with the positive node and settled 0.24% up at 1255 on some buying support but higher stocks with the government and increase in area under cultivation in the current winter sowing season limited the gains. Government agencies such as Food Corporation of India buys wheat from farmers at pre-agreed rates for distribution among poor at lower than market rates. India's Jan. 1 wheat stocks in the government warehouses stood at 25.7 million tonnes, more than three times the official target for the quarter ending March 31, government data showed.

Crude Palm oil yesterday traded with the positive node and settled 0.29% up at 518.7 as investors covered shorts and expectations of lower production growth in January supported bullish sentiment. Palm oil is down 6% so far this year. It may fall further in coming weeks as Malaysia's palm oil exports may continue to decline in February due the Malaysian government's delay in issuing tax-free export quotas. Shipment data by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd.