SEATTLE, Feb. 7: Boeing Co.’s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 mph, the company said.
At 250 feet long, the plane is the largest Boeing has ever built and about 18 feet longer than the existing 747-400 jumbo jet.

ENGINEERING MAJOR Larsen & Toubro (L&T) is eyeing revenues of Rs 3,700 crore this fiscal from its electrical systems business, a top company official said on Sunday.“If we add (turnover of) all our foreign subsidiaries, then by this fiscal-end, we will touch consolidated revenues of Rs 3,700 crore, which would mean a growth of about 13 per cent over the previous year,” L&T president,

R.S. Sharma is the chairman and managing director of Oil and Natural Gas Corporation Ltd (ONGC), the largest company in India in terms of revenue. A cost and works accountant by training, Mr Sharma was appointed ONGC chairman in 2006. Earlier, Mr Sharma was director (finance). Prior to this, he was on the board of ONGC Videsh Ltd, Mangalore Refinery and Petrochemicals Ltd, ONGC Mittal Energy Services Ltd. and Indian Oil Corporation Ltd.
Excerpts from an interview with S. UMAMAHESHWAR:

Markets ended in red for the third week in a row in the weekend following global worries on fiscal deficits of euro zone countries, continuous rise in food inflation and tepid response to NTPC FPO.
On the BSE, the Sensex shed 442 points to end below 16,000-level at 15,916 and the Nifty on the NSE closed 115 points lower at 4,767.

Bengaluru ,Feb. 7: The burgeoning growth of the mobile phone subscriber base, which has crossed the 500 million mark has spawned a new set of mobile internet users in the country. And this small mobile internet user base is growing at a much faster rate than the online internet user base, spurred by the availability of cheap mobile devices and affordable data plans offered by telcos.

Chennai, Feb. 5: The first production model of the Figo was driven off the assembly line of the Ford Motor company in Maraimala Nagar near Chennai on Friday. This comes less than six months after Mr Alan Mulally, Ford Motor company president and CEO unveiled the new Figo to India.

Mumbai, Feb. 5: The nervousness in the Eurozone on concerns over the sovereign debt of Greece and may be Spain and Portugal, sent tremors across the US, Asia and the India markets on Friday.

Mumbai, Feb. 5: If you or I fail to repay our creditors, we will get a few warnings, perhaps a visit from a recovery agent. Ultimately, if we can’t repay what we owe, we’ll be declared bankrupt. However, if a government does it, its called a sovereign debt crisis or a fiscal crisis, never a bankruptcy.

New Delhi, Feb. 5: India’s largest carmaker Maruti Suzuki will produce over a million cars this fiscal enabling the company to cross the milestone for the first time, its parent Suzuki Motor Corporation (SMC) said today.

Kolkata, Feb. 5: Eveready Industries is looking at acquisitions in the Indian FMCG market. It is looking at companies with a turnover of around Rs 200 crore for the acquisition.