Leading telecom operator, Aircel has announced its collaboration with Canada’s Research In Motion (RIM). The aim of collaboration is to provide BlackBerry services to the Indian customers.

As per a statement issued by Aircel, the company will offer BlackBerry services to its users’ in some major states.

For offering the service, Aircel will leverage its domestic presence and Redington’s retail distribution channel.

Reliance Petroleum Trust is all set to sell out about 10 million shares at Rs 2125 each. Further, the company also plans to sell additional 10 million shares, which would take overall proceeds up to US$880 million.

As per the statement from a fund manager, the company may be planning to buy a petroleum asset out of the country, taking help of fallen valuations.

Yamaha, a Japanese two wheeler maker, has unveiled its new superbike in the Indian market.

The superbike, which is named as ‘V Max’, will be priced at Rs 20 lakh.

The new bike has 1679cc engine. The company is hoping to acquire 10% market share in India by 2012.

Company’s top official told reporters that they are anticipating 3 times growth in sales during the upcoming festival season.

The shares of National Aluminium Company (Nalco) are trading up by 2.23% at Rs 348.50 at the Bombay Stock Exchange (BSE).

Nalco has come up with a plan to set up nuclear power plant in south Orissa’s Ganjam worth Rs 12,000 crore. For this, the company is in talks with Nuclear Power Corporation of India (NPCIL).

Shares of Nalco have touched an intra-day high of Rs 348.90 and low of Rs 342. The total volume of the shares traded stood at 52,232.

Omaxe Ltd has claimed that its subsidiary, Garv Buildtech Pvt. Ltd, has signed up a memorandum of understating (MoU) with Lucknow Development Authority to construct a Hitech Township in Lucknow.

Omaxe in its filing to the BSE has announced that Garv Buildtech Private Ltd has enterted into a MoU with Lucknow Development Authority for construction of township at Lucknow, Uttar Pradesh. The proposed area for the township is about 2700 Acres, located at the Lucknow Ring Road, close to Lucknow Airport.

Suven Life Sciences Limited, on Monday, has announced that it has got US patent for two new chemical entities (NCEs) for the treatment of neurological diseases.

In a statement to the BSE, the Hyderabad-based biopharmaceutical company said that U. S. patent office has approved two molecules in the central nervous system
(CNS) arena developed by the company for the treatment of cognitive disorders and these patents are applicable till 2022 and 2024.

Housing Development and Infrastructure Ltd (HDIL), on Monday, has decided to pay tax on extra income of Rs 350 crore but it has refused to accept that it had done anything wrong. The decision from the real estate Firm has come after the revenue department had a raid in the HDIL office.

Reliance Natural Resources Ltd (RNRL), a firm of Anil Ambani group, has filed an intervention plea in the Supreme Court seeking permission to intervene in the ongoing NTPC-RIL gas dispute.

The RNRL has claimed that the issues raised by the state owned power PSU have a direct effect on its own case against the RIL.

Currently, Mukesh Anbani led RIL and Anil Ambani led RNRL, are in a gas row. The case is in the Supreme Court and RNRL is asking for gas at $2.34 per mmBtu.

Tour operator Cox & Kings (India) Ltd is planning to revive itself by going for an initial public offering (IPO), which is expected to raise $100 million.

Cox & Kings has already initiated the process for an IPO as the company has filed the preliminary draft red herring prospectus with market regulator Sebi. The company had also tried last year to go for an IPO, but the adverse market conditions had compelled it to drop the idea.

German luxury carmaker Mercedes-Benz has announced that it has decided to increase its employee strength in the research and development (R&D) segment in India.

The company said that it is looking forward to add around 200 engineers, both from German and India, to its Indian R&D unit by 2010 end.