The second incarnation, this time in ‘3G,’ of Apple’s phone phenomenon, the iPhone, has come to India just a month after its launch in the United States. Two leading mobile operators, Airtel and Vodafone, will sell the phone starting Friday. And they have announced identical pricing.

The new iPhone model which harnesses 3rd generation cellular phone networks (high-speed Internet, voice, text, sound and video) is, in reality, a neatly packaged combo of a mobile phone, an Internet device and Apple’s iconic music player iPod.

By also throwing in a Global Positioning System (GPS) receiver for satellite-based location technology access, it challenges the current generation of smart phones.

The pricing announced by the two mobile providers is: Rs. 31,000 for the model with 8 gigabytes of memory and Rs. 36,100 for the 16 GB model. This price is a bundle of their Internet-plus-cellular service with the handset.

This might seem stiff compared to the current price of the 3G iPhone in the U.S. — $199 (about Rs. 8500). But that is the price charged by telecom provider AT&T, who adds different tariff slabs for the services. Since they tend to be much higher in the West compared to India, they heavily subsidise the phone and make their money by tying the customer to annual subscriptions.

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The Anil Dhirubhai Ambani Group (ADAG) is rechristening its media and entertainment arm, Reliance Entertainment. The firm will now be called Reliance Big Entertainment. As part of this exercise, the Adlabs brand is being phased out, and the company\'s 180 screens across the country will now be known as \'Big Cinema\'. This rebranding is expected to be completed over the next two months.

Sanjay Behl, group head, brand & marketing Reliance Communication, confirmed the move. \"The company has decided to rebrand all its ventures in the entertainment industry under the \"big\" umbrella, to make Reliance Big Entertainment a success. Initially, we are beginning with Adlabs multiplexes across the country, which will now be called \'Big Cinema\',\" he said.

He added, \"The group currently operates 180 screens in more than 40 cities. We plan to increase this to 350 screens over the next few months. Reliance Big Entertainment is also looking to expand to more than 600 screens across 80 cities in the next two years.\"

Adlabs, which was incorporated by Manmohan Desai in 1978 as a film processing unit, was taken over by ADAG group in 2005. In 2006, Adlabs became a majority stakeholder in Siddhartha Basu\'s Synergy Communications, to enter the television content space.

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Reliance Industries (RIL), India`s largest private company, and Brazilian Energy company Petroleo Brasileiro (Petrobras) are in talks to set up joint ventures (JV) for two petrochemical complexes, reports Business Standard.

The companies are discussing possibility of setting up petrochemical complexes at Pernambuco a north-eastern state in Brazil as well as in Roberto Costa in the south-eastern state of Rio de Janeiro.

The companies are looking for a 50-50 joint ventures and the JV will require a total investment of around USD 6 billion.

Petrobras is interested in RIL`s experience in the petrochemicals segment and RIL is interested to export petrochemicals to Latin American countries.

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Reliance Petroleum (RPL), a subsidiary of Reliance Industries (RIL), will likely start production from it`s new refinery by early September, reports Business Standard.

The company has already finished with the technical work on the refinery and has started testing the refinery. The company will test various quantities of crude oil by processing them into petroleum products, the entire testing will take around two months. The company will increase production gradually before December to reach full capacity of 580,000 barrels per day.

The 580,000-barrels-per-day refinery at Jamnagar in Gujarat is being commissioned at cost of Rs 270 billion and is world`s sixth largest refinery and is commissioned earlier than expected

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Tata BlueScope, a joint venture between Tata Steel and BlueScope Steel, has entered the retail market with its range of color coated steel building products, reports Business Standard.

The company said the products, to be sold under the brand name `Durashine`, will have aesthetic appeal, greater durability and superior corrosion resistance.

Hakimuddin Ali, Vice-President, Building Products Division, Tata BlueScope, said, the firm has already garnered a fair share in building products arena and was now entering the retail market
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Kirloskar Electric, is learnt to have secured the bid for Germany-based Lloyd Dynamowerke & Co, in a deal estimated at around USD 70 million, reports Economic Times.

Lloyd Dynamowerke manufactures motors, machines and drive systems for Siemens, Alstom, ThyssenKrupp and Gottwald.

The acquisition, to be announced later this week, will be effected through a newly-floated subsidiary in Netherlands called Kirsons BV.

It is understood that a definitive deal to acquire Lloyd Dynamowerke could be signed as early as Thursday, August 21.

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ABG Shipyard has decided to set up a greenfield shipyard in south Gujarat with an investment of Rs 12 billion, reports Economic Times.

The new shipyard will be set up over 300 acres, largest among its two existing shipyards at Surat and at Dahej in Gujarat.

The new shipyard will cater to larger ships and offshore vessels. It will have a capacity of building six to eight ships a year.

The proposed shipyard will be set up near existing facility in Hazira and expected to be operational in three years.

The company expects that the new shipyard will be able to generate revenues of over Rs 20 billion every year.

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So what is the future of Adlabs Films? Will it be merged into Reliance Big Entertainment? I am holding shares bought at 900 levels.......

Long term prospects in the company are good. One can buy this stock around Rs.1625/- in the coming days for decent return in short term....

what is the expected profit per barrel? any idea?...

BUY the NAGFER it will reach 50 Rs next week ... this is right time to buy buy buy get money don't miss it ...

Sentiments are not good for Tisco and it is not likely to go up till expiry and it better not to buy the stock till next thursday....

what is benefit to TCS after acquistion , CITI group it self is big trouble , and every one knows it is cliet of TCS. TCS and TATA group is like Sinking ship , they have real problem in order PIPE Line there are number employee are sitting at bench , price is stable , seems downward bias, no more recuritement also . IT industry whole is in problem ...

If i buy today i am eligible for divded or not ...