Sugar was traded at Rs 65 per quintal higher last week at the commodity exchange and market is expected to remain firm in the coming times due to the fears of low yield.

The rejection of petition, field by the mills on SAP issue supported prices at the commodity exchange.

The court upheld the prices fixed by the government at Rs 140-145 per quintal. Other factors such as depreciation of rupee against US dollar, global slow down and liquidity crunch helped to raise the demand of sugar.

Soon Indian market will see the arrival of a small laptop, dubbed as Kayak, by the U.S. wireless communications company Qualcomm mainly meant for accessing Internet services and carriing a price tag of just Rs. 10,000. It has been learnt that Qualcomm will launch Kayak here in the Q2 of 2009.

“The device leverages 3G chip sets and the main USP is that it could compute in low power conditions like in India,” said the company's Senior Vice-President and India Head Kanwalinder Singh.

Documentation has been published by Microsoft, informing about its plans to implement support to the OASIS Open Document Format Version 1.1 in Microsoft Office 2007 Service Pack 2, when it becomes available in 2009. Microsoft informs that it would offer similar notes on how it will support Open XML in Office in the near future.

After recent reduction in Aviation Turbine Fuel (ATF), domestic air carriers are all set to cut air fares. Country's leading air carriers, Kingfisher Airlines and Jet Airways are likely to reduce fare by Rs 600 per ticket in January. Notably, Union Aviation Ministry has asked the carriers to pass the benefits of ATF cut to the customs by reducing air fares.  

After stiff opposition and controversy over Satyam-Maytas deal, Indian IT giant, Satyam Computers called off the acquisition of India-based companies Maytas Infra and Maytas Properties.

Earlier, the board of directors has approved the proposal to acquire 51% in Maytas Infra and 100% in Maytas Properties at USD 1.6 billion. Maytas deals in infrastructure and development projects besides asset development and urban space infrastructure development.

Indian singer-music composer A R Rahman has bagged Satellite Award for Best Original Score for his music in British director Danny Boyle’s flick “Slumdog Millionaire”.

Besides this award, Rehman has pocketed two more satellite awards from International Press Academy for Picture-Drama and Best Director for Boyle.