International Business Machines Corp.(IBM) has agreed to sell its personal computer business to China's largest personal computer maker, Lenovo Group Ltd., for US$1.25 billion. The sale brings to a close a major chapter in IBM's pioneering PC business that it started in 1981. The agreement calls for Lenovo to pay IBM $650 million in cash, $600 million in Lenovo Group common stock and for Lenovo to assume $500 million in net balance sheet liabilities from IBM. Lenovo took over IBM's desktop PC business, including research and development and manufacturing. IBM will own an 18% stake in the new established PC Company, and will let it continue to use the IBM brand as well as other trademarks on PC's and notebook computers. The new company will become the number three maker of PCs behind Dell Inc. and Hewlett-Packard Co. The new company will be based in New York, with principal operations in Beijing and. It is expected that 2,500 IBM employees will join the new company. Lenovo Group Ltd. has purchased $1.75 billion PCs from IBM Inc, creating the third largest personal computer vendor in the world and giving IBM greater entry into the rapidly growing Chinese market. Lenovo will gain control of IBM's Think Centre desktop and popular ThinkPad notebook brands, as well as the thousands of customers who buy those products. Customer reaction to the deal when it was first announced in December was mixed, but IBM executives were aggressive in getting out the message that the quality of the products, services and support would not change. Lenovo will operate two divisions—Lenovo International, which is essentially the old IBM PC business, and Lenovo China, the company's Chinese business. The main purpose of IBM to merge with Lenovo is that to give competition to Dell Inc. (world’s largest PC manufacturer) in China.

announced that it would discontinue selling their lower end PCs in China because it was not able to compete on price of local manufacturer. . After the merger Dell Inc.Reason for Lenovo to merge with IBM is to enter into US market.

Air India will have two more brands along with the main carrier. the release said. its low-cost arm Air India Express (which will operate on international and domestic sectors) and Air India cargo. setting the creation of mega national airline. . Air India has already launched its inaugural flight between Mumbai and New York as a joint entity from August 1.As a part of its fleet acquisition program of 112 aircraft. 10 A-320s and 4 Boeing 737-800 this year. Air India would have total fleet of 112 by 2011-12 when all the planes ordered by two carriers are delivered. repair and overhaul facility which will also serve as a strategic business unit for the airline the statement said. State-owned carriers Air-India and Indian Airlines)were formally merged on Friday after the Ministry of Corporate Affairs gave its formal approval to the merger of the two carriers. Air India has already launched its inaugural flight between Mumbai and New York as a joint entity from August 1. This is the first time a national carrier is offering a nonstop flight between India and the United States. The merged entity will operate on the domestic and as well as international sectors. The merger carrier would have about 34000 employees and equity base of Rs 150 crore.National Aviation Company of India Ltd-. the new airline will induct 21 new aircraft this year including seven Boeing 777s.MERGER OF INDIAN AIRLINES AND AIR INDIA The merger of Air India and Indian Airlines cleared the last legal hurdle on 24th August 2007 with corporate affairs ministry giving its green signal. Air-India will have a combined fleet of 112 aircraft and will be among the top 10 airlines in Asia and among the leading 30 airlines globally. which will have a combined fleet of 112 carriers. The airline also plans to tie up with one of the aircraft manufacturer for a maintenance. V Thulasidas will be the chairman while Vishwapati Trivedi will be managing director of the new company that will fly under the brand name 'Air India'. The two airlines were merged into a new company -. This is the first time a national carrier is offering a non-stop flight between India and the United States.a government release said.