Google's next phone will have a near-field communication chip allowing contactless payments. The new phone, described by Google CEO Eric Schmidt, will replace credit cards by allowing users to "tap and pay" with their phone. Emami Group will invest 950 crore rupees over two years to expand its edible oils business, increasing production capacity from 1,600 to 3,000 tonnes per day. Airtel launched a new brand identity and replaced the Zain brand in 16 African countries where it operates. It also introduced an ultra-low cost mobile phone package for approximately 23 US dollars.

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MONGA

2. Next Google phone will be
mobile wallet: Schmidt
•A new Google mobile phone imbedded with a
chip that makes it a virtual wallet so people can
"tap and pay" is poised to make its debut, the
Internet giant's chief said Monday.
•The successor to the Internet firm's Nexus One
smartphone runs on fresh "Gingerbread" software
and is imbedded with a near-field communication
chip for financial transactions, according to
Google chief executive Eric Schmidt.

3.  "I have here an unannounced product that I
carry around with me," Schmidt said while
pulling a touch-screen smartphone from a
jacket pocket during an on-stage chat at a
Web 2.0 Conference in San Francisco.
 "You will be able to take these mobile
devices that will be able to do commerce,"
he continued. "Essentially, bump for
everything and eventually replace credit
cards. In the industry it is referred to as tap-
and-pay."

4. Emami to invest Rs 950 cr in
its edible oil business
 Emami Biotech set up in 2006 to
manufacture bio-diesel from Jatropha,
Emami Biotech, is, however, presently
focusing on edible oils as it is facing
some regulatory issues in bio-fuel

5.  Emami Group has earmarked Rs 950
crore over the next two years for the
purpose, even as it is looking at a
national roll-out of its Healthy & Tasty
oil brand
 The company currently produces
1,600 tonnes per day (tpd) of edible
oils such as palm, soya, mustard,
blended and sunflower. It plans to
expand its capacity to 3,000 tpd over

6. Airtel launches new brand
identity in Africa; replaces
Zain Telecom giant Bharti, which had acquired
Zain Telecom''s operations in Africa
launched its brand "airtel" in 16 countries
in the continent replacing the Zain
brand.
 The ZAP mobile money service will be
re-branded Airtel Money with immediate
effect. As part of the new brand launch,
airtel also announced the launch of a
new ultra low cost handset package
which effectively provides a mobile

7.  The package, launched in conjunction
with Nokia, will be priced at approx
NGN 3,500 (USD 23) and includes a
brand new Nokia 1280 mobile phone,
a free SIM card and the equivalent
value in free airtel talk time and SMS
text messages. In the past four
months airtel has already made tariff
interventions in 11 of its 16 markets in
Africa for the benefit of its customers.