2.  JCB, one of the world’s top three construction
equipment makers, plans to transform its
Indian operation into a global manufacturing
hub for South Asia and Middle East markets.
 The company has started export of excavators
to Indonesia and plans to export its complete
product line, including backhoe loaders,
shovels, handlers, cranes and compactors.
 Apart from India, JCB makes machines in
Brazil, China, UK and the US.

3.  PFIZER has recalled a drug made by an Indian partner
after receiving a warning from the American drug
regulator for violating manufacturing norms.
 It has recalled three batches — about 2,000 bottles — of
Albon, a bacterial infection drug for animals, after an
investigation found the presence of Penicillium
Chrysogenum in some samples.
 The recall is classified under FDA’s Class III recall,
which means the use of the medicine is not likely
to cause adverse health conditions.

4.  Coal India, the world’s largest coal producer, is in
talks to acquire mines from two US companies,
Peabody Energy and Massey Energy.
 The company, which last month raised $3.4 billion
in the nation’s biggest-ever initial public offering,
has near-mossssnopoly control of India’s coal
market.
 Peabody Energy has 9 billion tonnes of reserves.
Massey Energy accounted for 20% of United States
coal production in 2007.

5.  Electronics and appliances-maker Sharp Business
Systems India entered into the mobile handset
market.
 The handsets were designed with an eye on youth
in the age group of 16-30 years in urban and semi-
urban areas.
 The mobile handset market in India grew by 4.2
per cent in terms of total revenue in 2009-10.

6.  Sunil Mittal's Bharti Airtel is going in for a mega
brand change of Airtel for which the company will
spend Rs 300 crores.
 The way Airtel is written may also change, it is not
expected to have a capital 'A' under the new brand.
The red colour, though, will still be dominant in
the new brand.
 The brand makeover is done to give Airtel a more
youthful look as it gets more global in it's
approach.