The Chandigarh-based Compact Disc India (CDI), an integrated media and entertainment company, said it will invest $63 million (Rs 309 crore) for animation feature film and multi platform gaming.

The board of directors has approved the budget of $63 million.

Satyam Computers' controversial decision to buy two group-promoted companies and then reversing the deal within a few hours under pressure from investors may have put them in a soup as the government is understood to have ordered a probe to look into whether the company violated any corporate governance laws while entering into such a deal involving shareholders money.

There is likely to be a shuffle in the top brass of ICICI after the retirement of N Vaghul on April 30, 2009. Chanda Kochhar is most likely to be appointed as managing director and chief executive officer. Kochhar, who at present is holding the position of joint managing director and chief financial officer of the bank, will succeed KV Kamath, who will become the non-executive chairman.

The Indian market, which is booming with technological devices, is quite happy to welcome the latest vDesire mobile handset which has been launched by the Virgin Mobile. The latest handset that features chrome finishing, is a slim model with 11.5mm thickness.

Rating agency Crisil has released a report stating that the state governments' key fiscal indicators-revenue deficit and gross fiscal deficit-will start deteriorating from 2009, after a four-year period of an improving trajectory.

Deepika Padukone has already become the next big thing in bollywood, and it seems that this ‘Dreamy girl’ puts in a lot to get under the skin of the character. That’s why the hot beauty, who plays a double role in the upcoming film ‘Chandani Chowk to China’, one of an Indian and other of a Chinese girl, made that extra effort to look her best in the Chinese disguise.