The largest engineering company of country, Larsen & Toubro (L&T) bought 7.56 per cent more stake in beleaguered Satyam Computer Services and increased its stake to 12 per cent on Friday. It bought 1.18 crore shares at a price of Rs 35.07 per share through open market.
Leading telecom giant, Vodafone got no respite from the Supreme Court for the petition, it filed in SC, challenging show-cause notice issued by the income-tax department. The Supreme Court dismissed the special leave petition and directed it to reply show cause notice given by income tax department.
The Economic Advisory Council to the Prime Minister (EAC) again revised Gross Domestic Product (GDP) projections for the current financial year. The EAC said that ongoing financial crisis would impact Indian economy in a long run. However, it ruled out possibility of any financial recession in country due to its strong economic fundamentals.
On Friday, Last. fm made the announcement regarding the availability of its internet radio application for the Google Android mobile platform, which is being seen as beneficial addition to the fleet.
The listeners would be able to utilize each and every feature of Last. fm on the T-Mobile G1 and other upcoming phones that run on the platform.
Last. fm co-founder Martin Stiksel, reported, "The app truly is a to-go version of the site, rather than a stripped-down-for-mobile version."
The U. K. market recently witnessed the official launch of the long-rumored 10-inch Acer Aspire One netbook by Acer. The motive behind the launch of this 10-inch screen net-book is primarily to update its popular 8.9-inch Acer Aspire One and also to serve to the needs of mobile employees.
Gianfranco Lanci, president and CEO of Acer, said in a statement, "Despite the recent problems of the financial markets and general economic uncertainty, the netbook and notebook markets will continue to grow in 2009."