Business News in Brief

Acer India Appoints Savex as National Distributor
Acer India has appointed Savex Computers as a new national distributor for its monitor business. As per the latest IDC report, Acer has recorded a market share of 20.1% (Q2 2008) in the widescreen LCD monitor segment in India. With this tie-up, Acer plans to scale its operations to the next level for its growing monitor business.

RBI to cut rates by middle of 2009: Deutsche Bank
Sanjeev Sanyal, Regional Economist, Deutsche Bank, said that presently, the rupee is under a lot of pressure and that it will stabilise in the medium-term. He added that there will be a shift in priorities in the next six months as inflation and growth will come off.

India's tech growth likely to be slower than expected: Nasscom
Indian software and services growth could be slower than expected in 2008/09 as a global financial crisis crimps demand for such services, the National Association of Software and Service Companies (Nasscom) said

Areva T&D and GE announce strategic alliance
Areva T&D India and GE Consumer and Industrial India today announced a strategic alliance to focus on turnkey electrical solutions. An official statement said that the alliance would focus on turnkey electrical solutions in the power generation, metals, mining, minerals and materials handling markets.

Mint website now on your mobile handset
Livemint.com, the online edition of Mint, which is a business newspaper published by HT Media Ltd. in exclusive partnership with The Wall Street Journal, is now also available on mobile phones.