Television broadcaster Star India Pvt. Ltd and South Korea’s CJ Home Shopping Ltd have formed a joint venture company, christened Star CJ Network India to launch 24/7 home shopping television channel in the country.

Under the arrangement, Star India will run the proposed channel while CJ Home Shopping will provide the backend support such as providing a host of products, tie-ups with local brands among others.

Both partners are expected to invest in around $2 million (about Rs 9 crore) towards uplinking and downlinking of the proposed channel.

Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) has organized a re-orientation programme for doctors of ayurveda in Mumbai. This programme has been organized with an aim to equip is doctors of ayurveda with knowledge of newer technological practices in the field of gynaecology and obstetrics. This six-day programme was started on September 22. 

The Bombay Stock Exchange, the country's oldest exchange will launch exchange-traded rupee futures on October 1.

Last month, the National Stock Exchange of India kicked off exchange-traded currency futures trading for the first time in India.

The leading commodity bourse MCX Stock Exchange Ltd has also received an in-principle approval from the SEBI for the launch of exchange-traded currency futures.

Larsen and Toubro (L&T), India's largest engineering and construction conglomerate, has notified that its newly formed Buildings & Factories Operating Company, which is a part of its Construction Vertical has bagged several large-value orders aggregating to around Rs 5000 crore in the second quarter of 2008-09.

The scope of work involves construction of a slew of institutional, commercial, residential and factory buildings.

State-run Power Finance Corporation has informed that the Board of Directors of the Company at its meeting has given approval to participate in the equity of Power Exchange India Ltd (PXI) up to 7% share capital of PXI not exceeding Rs 1.75 crore.

PXI is a company promoted by NSE and National Commodity and Derivatives Exchange (NCDEX), for setting up power exchange to provide electronic, transparent and neutral platform for trading of electricity.

Apart from this, PFC may also participate as a Professional Clearing Member in PXI.

Global financial major Deutsche Bank is all set to pick 4.76% stake in the consumer electronics company BPL Ltd.

On Friday, the company's board sanctioned a proposal to make preferential allotment of 24,25,500 equity shares and/ or convertible securities to Deutsche Bank AG (DB) and/ or their nominees and affiliates in terms of applicable SEBI guidelines.

According to official sources, the funds will be utilized as long-term working capital requirement of the company's healthcare management solutions business and for other general corporate purposes.