Mobile network operator Orange seemingly is on the surge to become the first ever service provider to offer high-definition voice calls via its new service called as HD voice feature. According to a report by the France-Telecom company the design has been made so to cut out on the background noise and offer better voice clarity.

Two biotech firms of Scotland have merged under a deal to target the emerging biotech markets of the world. The Aberdeen based Grampian BioConsultants have merged with another biotech company ImmunoSolv of Edinburgh to work combined with their expertise in immuno-technology and immunology.

The companies are hoping that the combination will allow both of the companies to exploit their potential in the global markets. The newly formed combined company will retain the name of ImmunoSolv.

Indian airlines company, Kingfisher Airlines has said that it is planning to go for fund raising. Post the declaration, shares of the company shot up on the bourses.

During the day, shares of the company gained 3 per cent as more and more investors got interested in the plans of the company.

On Tuesday, Coal India Ltd said that it wants to use the excess coal that it has with itself and to be able to do that it plans to start a captive power plant.

The world's largest coal maker has said that it is now trying to set up a tie-up with SAIL and/or Tata Steel for e-commerce and that it plans to have a 50:0 partnership.

According to reports, the Australian airline Jetstar is going to expand its routes out of Sydney and Melbourne under its major expansion plan to tackle with the low fare wars with Virgin Blue and Tiger. As per its plan the airline will add 820,000 seats per year in both markets and it is planning to boost its capacity by 30%.

Most of the largest companies of Australia have expressed their fears of a big rise in compliance costs because of the reforms to the privacy laws of the country. As per the reports, the companies including Westpac, National Australia Bank, Telstra and Coles Supermarkets have said the proposals must be softened to ease the pressure of costs.

Tata Power has entered in to talks to purchase a 50% stake US-based power utility InterGen NV from GMR Infrastructure, according to a report.

GMR Infrastructure had acquired the 50% stake in the company for around $1.1 billion from a fund owned by American International Group Inc. the rest of the firm is owned by Ontario Teachers' Pension Plan.