The shares of major sugar companies witnessed a steep downfall on Bombay stock exchange on Monday trading. The shares of Bajaj Hindustan Ltd declined Rs 5.6 and closed at 53.50. The company is the biggest refiner by sale of the country. Balrampur Chini Mills Ltd. also saw share decline of 12% which is the lowest since December 2.

The shares downfall came after the decision of UP government to hike the cane prices in the state. UP government had hiked the state administered price (SAP) of sugarcane by Rs 15 per quintal for the new crushing season. UP is the largest sugar producing state of India and many leading cane companies are located in the state.

The system abroad the IBEX, which was launched yesterday to study and click images of the edge of the solar system, is being remotely tested by the NASA engineers. It is indeed good news for everyone at NASA, that the computer onboard the spacecraft that was released from a Pegasus rocket on Sunday, is already up and functioning efficiently with its batteries fully charged.

Japanese drug major, Daiichi Sankyo has completely acquired 52.5 per cent equity stake in India's Ranbaxy Laboratories. The process is carried out through off-market and stock exchange transactions. Ranbaxy Laboratories is the largest pharmaceutical company of the country. It has become the subsidiary of Daiichi Sankyo after acquisition of majority shares. The deal worth Rs 19,850 crore was initiated in June this year. It would enable Daiichi to use the generic expertise of Raanbaxy.

According to a new survey, 60% of British kids have seen disturbing images on the internet, which has actually raised concerns over the exposure of kids to the unsuitable material on net.

Keeping this thing in mind; the National Society for the Prevention of Cruelty to Children (NSPCC) advices that new computers should be equipped with carry high-security “blocking” software; which could stop them from surfing through aggressive or vulgar material available over the vast world of Internet.

National Association of Software and Service Companies (Nasscom) said that global slowdown would affect Indian IT world in indirect manner. Indian information technology and business process outsourcing (BPO) companies are vulnerable to a short term impact of world financial crisis. The IT companies have started to slowdown their decision making activities. They are investing and spending very carefully. But Indian companies are still hiring the employees and confident to restore the normalcy very soon.

A very astonishing piece of information has been put forward by the latest report of WWF that climate change is taking place at a much faster speed than thought by the scientific organizations. It is quite likely that if in case this is not treated on a global scale, then it will definitely have adverse effects on mankind.