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Business News on December 28, 2010

Punj Lloyd secures contract for commercial buildings from HIRCO Group
Punj Lloyd Group, the diversified global engineering, procurement and construction (EPC) conglomerate, has been awarded a civil contract for two commercial buildings within Hiranandani Palace Gardens, a township project by Hirco Group, India's leading developer of mixed use townships. ANI

Zari craft industry faces crisis in Surat
The famed Zari industry of Surat, a precious metal-based embroidery and lining for textiles, faces crisis due to increase in prices of gold, silver and copper. ANI

Fuji Electric Concludes Merger Agreement with Consolidated Subsidiary
At a meeting convened on December 24, the Board of Directors of Fuji Electric Holdings Co., Ltd. (the "Company") resolved to conclude a merger agreement with wholly owned subsidiary Fuji Electric Systems Co., Ltd ACN Newswire

(NVAE) Savanna East Africa to Present Innovative Higher Purpose and Highly Profitable Business Plan for 2011 With Anticipated $10 Million in Revenue or More
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) has scheduled a Webcast for January 6, 2011 to present the Company's plans for rapid growth in 2011. Early in 2010, Savanna East Africa announced an expanded business plan to develop a diverse portfolio of high growth potential business operations in East Africa MarketWire

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