Around 4,000 employees are looking forward to a chance to get their jobs back at the JK Cotton mill in Kanpur, which closed 20 year ago and will re-open on Monday. The JK Group officials informed that most probably, the mill, which will re-open on Monday, will start functioning in full-swing in the next three months, since it needs to go under several repairs prior to it.
The mill was shut down by the management in May 1989, when a strike was announced by the workers, the closing down led to loss of jobs for around 4,000 workers.
Two multinational companies are developing memory-enhancing pill. AstraZeneca in collaboration with Targacept, an American company, is trying to develop milder form of a medicine which is originally used to treat Alzheimer's disease. Epix Pharmaceuticals, also from the US is also working on a memory enhancing pill. 
On Friday, when dollar slid due to economic worries and signs of strengthening in investment demand as the recession deepened, it enhanced appeal of gold as an alternative investment. The futures contracts for Gold ended higher. 
An open offer was made by Daiichi Sankyo to Zenotech Laboratories' shareholders at Rs 113.62 per share. This comes after it revised its earlier open offer price of Rs 160 per share.
With the aim to win the hearts of mid- to low-end consumer base, LG has launched two new low-end handsets. The names of these new entries in the LG's lineup are GB110 and the GB106. Both the sets that are equipped with impressive features and offer value for money. 
The Q4 saw a decline in PC sales in Asia by 5% compared to a year earlier. It should be noted that it is the region's first such decline in a decade and it has come due to the global downturn causing decline in demand. 
