Tokyo, Japan, Mar 28, 2008 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) officially launched the Mitsubishi Regional Jet (MRJ), a next-generation regional jetliner, on March 28. Beginning April 1, Mitsubishi Aircraft Corporation (tentative name), a new company established

Telco Construction Equipment Company Ltd, leading construction equipment sector in India, signed an agreement with the existing shareholders of Serviplem SA, Spain for acquisition of their 79% stake in the company.

The country's foreign exchange reserves for the week ended March 28, 2008, fell by Rs 7,402 crore, the first decline in almost two months, to Rs 12,31,832 crore during the week ended March 21, Reserve Bank of India data said.

Rakesh Mohan, deputy governor, Reserve Bank of India has said, though the pattern of funding by the banks remains skewed towards larger firms, the share of debt service in corporate balance sheets has been getting lower and lower.

In about two years from now, IT hub Pune is set to turn into the hottest destination for malls with at least 20 branded ventures readying to kickstart operations, according to experts.

Manmohan Shetty, ex-CEO of Adlabs, and Chandir Gidwani of Centaur Capital have together acquired majority 51% stake in Frameboxx, the three-month old animation-training brand.

Chennai based Dhanus Technologies, which offers services such as telecom and telematics, has got an order from the Kerala Private Bus Owners' Federation for its vehicle-tracking product.

For several avant-garde luxury brands hitting the Indian shores, high rentals are already spoiling the party.

The German insurance company Allianz is mulling the possibility of contributing its banking unit Dresdner Bank to a three-way merger that would include Commerzbank and Deutsche Postbank, a press report said.

The empowered group of ministers on prices headed by the external affairs minister, Pranab Mukherjee, is slated to meet on April 2 to deliberate on the issue of reduction of duty on soyabean oils.

Wealth management is no longer the preserve of private and foreign banks. Nationalised banks and small private sector banks are also firming up plans to offer services to the HNI.

The rupee advanced, capping the biggest weekly gain since September, as inflation at a 13-month high, spurred speculation the central bank will allow further gains to help temper prices.

Refined soya oil futures on the national exchanges may breach Rs 600-level in the next week on reports that the government may cut import duty on it next week.

China will not punish a group of Tibetan monks for disrupting a government-organized foreign media tour of Lhasa and voicing support for the Dalai Lama, a senior official said in a bid to allay fears of repercussions.

When Nick Wilsdon met his Russian wife, Anna, on the Internet, friends teased him about his mail- order bride. Turns out, he was a mail-order husband.

The U.K. economy expanded slower than forecast in the fourth quarter as consumer spending growth was revised lower and government expenditure fell.

Democratic presidential candidate Barack Obama proposed greater government regulation of the U.S. financial system and a new $30 billion economic stimulus plan in response to the housing crisis.

Monsooned Malabar, the specialty coffee cured by the unique monsoon rains of the Malabar Coast, is all set to receive geographical indication status, sources said.

Energy derivatives can provide a low cost energy alternatives and popularising emission trading can go a long way in providing sustainable and effective energy solutions to a fast developing and energy-starved economy like India, says H L Bajaj, technical member,

Sri Lankan traders will import one lakh tonne of rice from India despite Pakistan's offer to supply unrestricted quantity of the commodity to the Island country.