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Markets in green; Bharti bucks trend
The Sensex after rebounding into green touched a high of 17,226, and is now up 77 points at 17,196. The NSE Nifty is up 15 points at 5,132.

Wipro's Infocrossing inks deal with Cliffs
Infocrossing, a company acquired by IT firm Wipro, has entered into a multi-year agreement to provide infrastructure services to Cliffs Natural Resources Inc, an international mining and natural resources company.

News of the day

V V: JM Coetzee - The story of himself
All fiction has its autobiographical roots, but Evelyn Waugh puts it as “experience totally transformed”. The autobiographical impulse is particularly strong in JM Coetzee, the South African Nobel Prize winner (2003), but his writings lie at the frontier between life and the freedoms of fiction. Summertime (Harvill Secker, special Indian price Rs 799), the final volume of a trilogy — the other two being Boyhood and Youth — is subtitled Scenes from a Provincial Life, charts the border territory with multiple skills of a biographer and fiction writer so that it can pretty well mean what you would want it to be.
Small Business

Now, Acer to launch smartphones in India

Acer, the world"s third-largest PC vendor, today said it will launch nine models of handheld mobile devices in the country, making its foray into the increasingly competitive smartphone sector in India. - Idea launches BlackBerry services - Acer targets Rs 130 crore turnover in Eastern region in 2009-10 - Nokia Siemens Networks to upgrade Idea Cellular network - Q Investment closes sale of XCEL Telecom to ATC - LG to launch 50 handsets in India by year-end - Panel to look into vendor complaints against BSNL The smartphones would be priced between Rs 16,000 and Rs 35,000. Acer plans to be among the top five in smartphones within the next three to five years. "Our goal is to be in the top five within three to five years," said Aymar de Lencquesaing, senior corporate VP Acer Inc and president Smart Handheld Business Group. The company plans to garner 6-7 per cent share of the global smartphone market in the next three to five years. Though the company is very bullish on the Indian market , it is likely to see competition from the existing players such as Nokia, Samsung, Apple and HTC. However, Lencquesaing said despite slump in demand for mobile phones caused by the global economic slowdown, the demand for --Smartphones -- a mobile phone which offers advance computer-like capabilities is likely to grow. "This official launch in India marks the first step of our Smart Handheld Business Group in one of the world’s largest and fastest growing mobile market," Lencquesaing said. The devices would be available in India through its distribution partner Vision Distribution.


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