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EU heads commit Rs 13,760 cr aid for LDCs
Struggling to bolster its claims of leadership in the fight against climate change, the European Union has announced a commitment of ¤2.4 billion (Rs 13,760 crore) annually between 2010 and 2012 to help developing countries adapt to the effects of global warming.

Heineken to buy FEMSA's beer biz for $7.6 bn
Global brewer Heineken will buy the beer business of Mexico-based Fomento Economico Mexicano, SAB de CV (FEMSA), in an all share transaction worth $7.6 billion.

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Edelweiss, Tokio Marine in risk JV
Financial services firm Edelweiss Capital today announced that it had entered into a joint venture (JV) agreement with Japanese insurer Tokio Marine Holdings for a foray into life insurance.
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RCom bags mGovernance deals in Kerala, Mumbai, Maha circles

Reliance Communications today said it has bagged contracts to develop telecom infrastructure in Kerala, Mumbai and Maharashtra circles. - Markets begin week in red; metals, Reliance drag Sensex - Reliance Communications: Paisa power">Reliance Communications: Paisa power - Govt probing report of under-declaration of RCom"s revenues - Wkly Tech Analysis: Weakness seen in first half - Making banking mobile - Tata Tele switches on high-speed mobile TV Company sources said the firm would build infrastructure for mGovernance, which help provide real time police information, updates on land records and civil services through voice, GPRS, Bluetooth, SMS and 3G technologies. RCOM will team with local value added services (VAS) partners to implement the projects and connect various government departments on the mobile data platform. When contacted, a Reliance Communications spokesperson confirmed the development but declined to divulge the financials of the contracts. He said the company is working with local VAS business associates in Kerala, Mumbai and Maharastra circles to establish mGovernance infrastructure. According to market estimates, the annual revenue will be over Rs 900 crore from these mGovernance projects. The company is also in discussions for mGovernance infrastructure contracts for Tamil Nadu, Gujarat, Rajasthan and Karnataka, sources said.


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