Indiabulls Power started very weakly on Friday as it got a lukewarm response from investors. It ended with a downfall of 13% over its issue price. Indiabulls Power is listed in Bombay Stock Exchange.

The company lifted Rs 1700 crore with the help of public offer of 39.08 crore shares. It has decided to keep the price at the upper end of the price band.

Indiabulls power is listed in National Stock Exchange too, and it fell down by 15.11% at Rs 38.20 there. The company has observed an intra-day low of Rs 35.35 on the National Stock Exchange.

During the launch of its new multimedia mobiles in the Indian market, Karbonn Mobiles said that it is aiming to invest around Rs 100 crore in the current financial year.

Moreover, the company anticipates gaining 7-10 percent market share in the multimedia handset zone in India.

Karbonn Mobiles is a joint venture between Delhi-based Jaina groups and UTL.

Suzuki is all set to launch its SX4-FCV (fuel-cell vehicle) car.

The company will introduce Suzuki Swift, a plug-in hybrid version car, and a hydrogen-powered SX4. These two cars will be introduced by the company at Tokyo Auto show this year. Both cars will be the center of attraction at the auto show.

MTS India, the CDMA mobile service of Sistema Shyam Tele Services Limited (SSTL), has announced that it would provide free access to all vehicles on Delhi-Noida DND flyway and Delhi-Gurgaon Expressway on October 9.

SSTL has offered this interesting facility to mark the launch of its mobile services and super-fast data services in the National Capitali and NCR.

MTS will not charge any money from the vehicles traveling between 9 am to 11 am and then 5pm to 8pm on October 9. The service would be offered for all vehicles moving in or out of New Delhi.

Reliance Mobile, major telecom provider in India, has announced that the company has joined hands with Canadian firm Research In Motion to roll out BlackBerry Tour smartphone for its CDMA consumers in India at Rs 27,990.

The company will start selling BlackBerry Tour, a 3G-enabled smartphone, from October 12, 2009.  

Kawasaki Bajaj is all set introduce its new model of sports bike named ‘Ninja 250R’ in the Indian market. The new sports bike will be available in the market at the price tag around Rs 1.5 lakh to Rs 2 lakh. Bookings for the new sports will start from Diwali and deliveries will be made immediately by the company.

The new Ninja has 249cc four-stroke engine, 32 bhp, DOHC, liquid cooled parallel twin draped in green, with a claimed fuel consumption of 42.5 kpl. The spares will be imported from Japan and Thailand.

State-owned Bharat Sanchar Nigam Ltd. (BSNL) has launched new night tariff packs for festive season.

Under the newly launched night packs, users can make local calls at 20 paise per minute and STD calls at 50 paise per minute between 11pm to 7 am. BSNL has also introduced a GPRS pack, which includes unlimited data services at the cost of Rs 230 and valid for 30 days.

Madhucon Projects JV (joint venture) has grabbed an order worth USD 3.9 million road project order from the Nepal government.

The company officials told reporters that the scope of the order includes up-gradation of Sanfebagar – Martadi road under road improvement project scheme funded by Exim Bank of India.

In a statement to BSE, the company said that it also plans to increase its thermal power plant capacity to 1,920 MW at Krishnapatnam, Andhra Pradesh.

Mercedes Benz, a German car maker company, aims to get back its top ranking in the premium luxury car segment in India. Currently, BMW leads the Indian market with its latest products range.

Moreover, Mercedes Benz also faces strong competition from new participants like Jaguar and Audi in India. These new car maker companies are also making their presence felt by their products in the market.

Steel major company, ArcelorMittal (ISPA. AS) is on the edge to shut down its $20 billion plan of setting up two steel plants in India owing to problems in acquiring land. The two steel plants were expected to be established in the state of Orissa and Jharkhand but farmers are not ready to sell their lands, which forced the company to rethink their plan.