Business

Canada's leading renewable energy developer, SkyPower Corp, a Lehman
Brothers Company, announced today that it is considering strategic alternatives
to augment its growing capital base and accelerate development of its wind and
solar pipelines. The Company's portfolio of wind and solar projects - in
various stages of development and construction - represents in excess of 10,000
MW of potential renewable energy.

As the wind industry continues to evolve and consolidate, SkyPower
intends to strengthen its position as the supplier of choice for large

The world’s largest steel group ArcelorMittal has said that it has finalised the 810 million dollars sale of a plant in the United States to Russian Steelmaker Severstal.

When companies are facing closure, their productivity rises, says a leading economist. When management is busy dealing with matters other than daily operations, employees shoulder a greater responsibility for their work - and efficiency is enhanced.

According to business economist Magnus Hansson at Orebro University in Sweden, this shows that it is possible to boost productivity considerably without investing. This is also an argument for longer phase-out periods, which would benefit both the employees and the company.

London, May 11 (ANI): An unmanned automated boat, known as "Pinta the robot", is undergoing final preparations before setting sail in the hope of becoming the first robot to cross an ocean, namely the Atlantic, using the power of wind.

According to a report in The Times, Pinta has been designed by scientists at Aberystwyth University in UK, and will join seven other robotic craft in October in a race across the Atlantic.The race is intended to test the endurance and reliability of robots away from battery chargers and the predictable environment of a laboratory.

iPhone, the most hyped consumer device is finally making it to Indian phone networks. Vodafone one of the largest mobile services provider in India has signed an agreement to sell iPhone in India besides other markets like Australia, Egypt, Greece, Italy, Portugal, Newzealand and Turkey.

Aztecsoft, an Indian company providing outsourced product development and testing has sold a majority stake in it operations to Mindtree Ltd. Mindtree valued the company at $90 million and announced that it will acquire 32.57% of the company at Rs 80 per share.