New Delhi, Feb. 8: Japanese auto major Toyota will launch its hybrid car Prius in Indian as scheduled   on  April  this year, a company official said on Monday. This despite reports that it plans a global recall of the model.
“Our plans remain absolutely unchanged. Bookings had started by January and the vehicles will be delivered by April,” the official said.

Bengaluru ,Feb. 8: Very soon, Shrek and Princess Fiona would come riding on their donkey at a country near you.
As the donkey sneezes, your face will be filled with mist; as a carriage moves, you can feel the steam; and when Shrek rides a horse, your seat will rock too.

AMSTERDAM ,Feb. 8: More than a century into its existence, Philips is once again betting heavily on semiconductors. This time the consumer electronics firm is looking to harness their potential as a source of light.
The producer of one in four of the world’s lights, which sold its semiconductor business in 2006 after it was undercut by Asian rivals, has invested more than 4 billion euros ($5.47 billion) to ride the clean-tech wave and defend its world-leading position.

TEL AVIV ,Feb. 8: Intel Corp’s Israeli subsidiary said on Monday its exports surged 145 percent in 2009 to a record $3.4 billion and the company is hoping growth will continue with further expansion in the country.
Exports rose thanks to Intel's new $3.5 billion chip manufacturing plant in southern Israel which came into full production in early 2009.

Toyota’s new Prius hybrid model 2010 Prius is displayed at the Toyota museum in Toyota on Saturday. Toyota said on Sunday that it will soon announce plans to deal with braking problems in Prius hybrid amid reports it has decided to issue a recall for the latest model in Japan.     PHOTO: AP

Mumbai ,Feb. 7: In spite of the sharp increases in stock prices since April, auto majors Maruti and Mahindra & Mahindra remain favourites in the broker and analyst community.

Hyderabad, Feb. 7: In 1993, when Dr. Pawan Goenka quit General Motors, the then world’s largest car company, to work in India, it looked like a gamble. In this case though, the gambler seems to have hit the jackpot.
“At that time the auto sector in India was going through a transition. There were a lot of opportunities with huge risks involved. But it was my will, which brought me back in India,” says Dr Goenka, now the president of M&M’s auto business.

Chicago ,Feb. 7: An Indian has pleaded guilty to participating in an international fraud scheme to hack online brokerage accounts in the US and use them to manipulate stock prices to reap thousands of dollars in illegal profits.
Thirty five-year-old Jaisa-nkar Marimuthu, a native of Chennai, pleaded guilty to one count of conspiracy to commit wire fraud, securities fraud, computer fraud  and to one count of aggravated identity theft before US District Magistrate Judge FA Gossett III in Omaha, Nebraska on February 5.

Mumbai ,Feb. 7: The better than expected results of India’s IT pack has another group cheering as well — the realtors in Bengaluru.
The December quarter results of the IT biggies, apart from the sales and profit numbers were notable for another reason. Most companies have now resumed hiring and were also going ahead with bonuses and pay hikes. As a result, Bengaluru-based realty companies such as Sobha Developers, Brigade Enterprises and Purvankara are expected to gain.
In a report on the realty sector, Merrill Lynch says that Bengaluru is the place to be in 2010 because of the IT sector boom. The major IT players have already announced plans to hire up to 100,000 new employees during the year. More clarity would emerge as the smaller companies also come out with details. The broker has rated the three city based firms as “buy”.
As a result, companies with the bulk of their business in the city are witnessing upgrades. For instance, Sobha developers has seen its rating being upgraded by JP Morgan and Goldman Sachs, largely on the strength of the realty market in Bengaluru because of IT sector recovery.

Age Correspondent

***
Glass plant  to come up in AP
KAUSHIK PRADHAN
Kolkata

Feb. 7: Hindusthan Natio-nal Glass and Industries Limited (HNGIL) is planning to set up a greenfield glass container manufacturing plant in Andhra Pradesh with an initial investment of Rs 350 crore.
The company has shortlisted two possible sites for this plant and would finalise the location by the end of next week.
Confirming the development, Mr Mukul Somany, joint managing director, HNGIL, said, “We want to set up a greenfield flint glass manufacturing plant with a capacity of 450 tonnes per day in Andhra Pradesh. We will complete the financial closure for this plant by March 31 and the plant will be commissioned in 18 months from the zero day.”
However, he did not divulge the names of the two possible sites which have bFeen shortlisted by the company.

New Delhi,Feb. 7: With the central government putting its e-governance drive in the top gear, experts feel the need for spreading awareness about internet security among government emplo-yees to prevent the hackers from getting sensitive information.