LG to launch GS200 Music Phone in leading international markets including India

LGLG’s entry level music phone, the LG GS200, which was thus far was targeted only for the Russian markets, will soon be available in leading international markets, including India.

The cost-effective LG GS200 Music Phone, which is essentially configured for music lovers, will be available in bright colors and has fairly decent specifications that are a part and parcel of all the earlier LG phone models.

Some of the notable features of the new LG Music Phone include a 2-inch LCD screen with the basic 176x220 pixel resolution; an external loud speaker for enhancing sound delivery; and a nice, captivating playback option. In fact, the phone is an ideal pick for all those music enthusiasts who want their devices to deliver rich and loud music.

Equipped with a built-in 1.3-megapixel camera and a microSD card slot for expanding memory up to 8GB, the LG GS200 handset also features Bluetooth; FM radio with recording option, and an FM-receiver with integrated antenna.

The LG GS200, which uses the characteristic straight body shape, mainly in black and red, will be available in the Indian markets soon, at a price-tag of nearly Rs. 6,000. The cost of the phone in Russia will be 3990 Rubles.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.