Business, Finance & Stock Market updates for August 22, 2008

AASU assures unconditional support to ONGC
The All Assam Students Union (AASU) has assured unconditional support to Oil and Natural Gas Corporation Ltd. (ONGC) and has said that it will partner the Oil major in the latters drive to enhance productivity in the north-eastern state, by ensuring uninterrupted operations there. ANI

Tatas will exit Nano project, if violence continues in Singur
Chairman of the TATA group Ratan Tata today said that the group could exit the Nano project from Singur in the interest of the safety of its employees, if violence continues there. ANI

Centre asks steel producers to cut steel prices if rates fall further globally
The Centre on Friday asked steel producers to cut prices as and when there was further fall of rates in the global markets. ANI

Cypress launches Rs. 275,000 university design challenge in India
Cypress Semiconductor Corp. (NYSE:CY) today announced the PSoC(R) Innovator Design Challenge India, a multi-discipline design contest open to engineering students in India. ANI

China ousts US as Japans top export destination
China has become Japans top export destination, overtaking the US for the first time last month, reports the Financial Times. ANI

ONGC takes lead in race to buy Imperial Energy
The Oil and Natural Gas Corporation has raced into a lead in the bid to buy Imperial Energy, the 1.2billion pound London-based oil exploration and production company. ANI

DIGIT is the No. 1 Technology Magazine in India as per Indian Readership Survey
9.9 Media is proud to announce that its publication DIGIT has been recognized as the No. 1 Technology Magazine in India in terms of readership in the 2008 Indian Readership Survey. ANI

DIGIT is the No. 1 Technology Magazine in India as per the Indian Readership Survey (IRS)
Business Wire India

Kingfisher Airlines to Debut International Services with Launch of India-UK Service
Business Wire India

Suniva Enters Customer Agreement with Titan Energy Systems Valued at More than USD$480 Million
Business Wire India

Roland Becomes 50th Licensee, Setting a Major Milestone in Moore Microprocessor Patent(TM) Licensing Program
Business Wire India

P1, the First in Malaysia to Offer WiMAX Subscription Now
Business Wire India

Cypress Launches Rs. 275,000 University Design Challenge in India
Business Wire India

Kingfisher Airlines to debut International Services with launch of India-UK Service
Indias Favourite Airline Goes Global with Daily Non-Stop Services Between Bangalore and London-Heathrow Now On Sale; Kingfisher Airlines Offers an Exquisite Travel Experience, Not Just Transportation Solus Media

Gautam TMT is now Kedhar Groop
With a current turnover of about 100 crore, Gautam TMT plans to diversify from its present businesses and become a major player in the heavy Industries segment. Solus Media