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US Health and Human Services Secretary Michael O. Leavitt Friday offered India technical assistance for establishing food and drug regulatory agency to devise safety and quality standards on the line of the US Food and Drug Administration (FDA).

The central government should be able to secure parliament's approval for the new national mining policy in the forthcoming budget session, said Union Minister of Mines T. Subbarami Reddy.

Infosys Technologies Ltd, India's second largest IT firm, does not see a possible recession in the US economy negatively impacting its revenues, thanks to a series of internal strategies, a top company official said here Friday.

After choppy trades throughout Friday, a key India financial market index managed to stay in the green on the back of sustained buying by foreign institutional investors and domestic institutions.

Madone 5.2, a Rs.100,000 ($2,500) pedal bicycle launched by Noida-based FireFox Bikes, can go where the world's cheapest car, the Tata Nano that comes at the same cost, cannot.

It was big talk over a small car. A day after India's Tata Motors launched its Nano with much fanfare in the capital, from the crowded buses in Delhi to the malls in Bangalore, from the busy roads of Assam to offices in Hyderabad the world's cheapest car seemed to have powered its way into the nation's heart.

National Aluminium Co Ltd (Nalco), India's second biggest producer of aluminium, Friday inked a deal with the Indonesian government in Jakarta to set up a 500,000-tonne smelter and a 1,250-MW captive power plant in that country at a cost of $3.4 billion, the company said here.

The government is considering divesting its stake in national carrier Air India through an initial public offering (IPO) in the second half of 2008.

The Indian banking industry expects a decline in interest rates during the first quarter of this calendar year, Deepak Parekh, chairman of Housing Development Finance Corp (HDFC), said here Friday.

The Haryana government Friday launched a new scheme for providing bicycles to college-going girls from the Schedule Castes (SC) families.