1. WEEKLY NEWS

3. All the central government employees in Group C and D and all gazetted employees in Group B who are not covered by any productivity linked bonus scheme will get bonus equivalent to 30 days emoluments.

5. LG Chem Ltd will jointly develop a lithium-ion battery system with Mitsubishi Motors Corp, the Japan's Nikkei business . The two firms hope to use the system for some small electric cars that will be launched by fiscal 2012 and new plug-in hybrids introduced in 2013. LG Chem, South Korea's No1 chemicals company, has already teamed up with home market giant Hyundai Motor Co, General Motors and Ford Motor Co of the United States on auto batteries LG Chem, Mitsubishi Motors to develop battery

6. EU antitrust regulators will scrap two investigations into Apple Inc's iPhone after the company allowed cross-border repair services and eased restrictions on applications for its popular Smartphone. The EU executive had launched two preliminary investigations in the spring into Apple's business practices related to the iPhone. EU to drop Apple probes after firm's policy changes

7. Apple's policy specified that repair services for the Smartphone only in the country of purchase and the requirement that applications developers could only use Apple's programming tools to write iPhone apps. The Commission can fine companies up to 10 percent of their global revenues for breaching EU antitrust rules. It has slapped billions of euros in penalties on Microsoft and Intel for violations CONTD……

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