It has been reported that Japan’s battery giant, Panasonic Corp. is planning to place halt on expansion of its battery manufacturing unit. Due to growing competition with South Korean rivals, Japanese battery manufacturer ‘Panasonic Corp.’ has succumbed to low demand.

Earlier, Panasonic Corp. was planning of investing ¥100 billion at its Suminoe plant located in two different states Osaka and western Japan. Suminoe plant produces lithium-ion batteries which are majorly used in consumer electronics.

Japanese automobile company launched its Nissan Sunny Petrol model in India between the price of 5.8 lakh and 7.8 lakh and is eager to introduce its diesel version, soon in the country.

Corporate Vice President of Nissan for Africa Middle East and India, Gilles Normand stated that as the Indian customers favour diesel versions, the company is keen to launch its diesel car to avail the Indian market.

Prada SpA, the Italian luxury goods unisex brand notified that the profit of first six months had intensified with the immense sales of its bags and wallets in the Asian region.

It has revealed that its net revenue had climbed by 74% and earned Euros 179.5 million in six months compared to last year's 103 million.

Compagnie Financière Richemont, the favorite of luxury watch and jewellery lovers was elated by its augmented sales which notified a 29% increase during April to August session.

In a recent report Cisco has been sued for torture and tracking of the people in China. This lawsuit has been made by a human rights group. It was also added by the group that the technology of the firm was especially manipulated so as to enable these tortures.

Adding more excitement levels among their potential consumers, Apple Inc officials recently announced that soon they would be offering 3G iPad 2 in Chinese market.

Moreover, according to reports, the company was supposed to be one step closer in commencing the iPad 2 tablet computers sales.

French alcohol giant Pernod Ricard has been in high spirits, as its Asian market has been growing at an encouraging pace which has helped it resisting against the feeble economic conditions worldwide.

The giant has clarified that the new financial year has been favorable for them and the products like Martell cognac and Absolut vodka had done a great job in developing countries.

The owner of the world’s most-popular search engine is pondering to step into Southeast Asia market via acquiring technology assets, as done by Tencent Holdings and LivingSocial.

Deciphering the opportunities available in countries, including Thailand, Malaysia and Indonesia, Google is closely weighing options to make its presence felt. It’s being believed that in comparison to U. S. and Europe, Google has not done much investment to make it more competitive in other markets.

A market research by the Gartner has revealed that the business process outsourcing (BPO) is expected to grow by 17.9% in the Asia-Pacific region and 6.3% worldwide.

Also, the western European BPO sales are expected to grow by 8.9% and North American BPO is likely to increase by 3.8% in 2011.

McDonald’s fast food restaurant chain’s European President Steve Easterbrook will be resigning from the company and will be joining the position of Chief Executive at Pizza Express.

This will be a setback for McDonalds, as Easterbrook has served his 18 years in the service.