Metomor Global school: Metomor Global Solutions, an information technology services consulting company, has become the second firm after IBM to set up a school of excellence at the Indian Institute of Information Technology (IIIT) in Hyderabad. Microsoft, Oracle and Satyam too are expected to start their schools in IIIT soon. Metamor School of Excellence was inaugurated by Andhra Pradesh chief minister Chandrababu Naidu lastweek. It will offer credit courses at undergraduate and graduate level in software development methodologies and is expected to train 500 IT professionals annually, a release said.

Japanese firm sets up production base: The $1.8-billion Japanese multinational Sakata Inx Corporation is setting up a production base in the country for its liquid-printing ink widely applied in the packaging sector. The local arm of the Japanese major, Sakata Inx India Ltd, a 100 per cent subsidiary, has set up a production facility in Bhiwadi, Rajasthan. This facility is scheduled to be inaugurated on November 1 this year.

Maheshwar project to ease MP power deficit: The 400mw Maheshwar power project will ease the chronic power deficit in Madhya Pradesh by 26 per cent and help in correcting the imbalance in the country's hydro-thermal ratio. The project, located in Mandleshwar in Madhya Pradesh, is the first private initiative in the state's hydel-sector. It is expected to garner over $330 million foreign loanand equity funds in the country, according to a release here on Thursday.

Hyundai's acquisition of Kia not to affect India plans: Korean automobile major Hyundai Motor Company's taking over of the debt-laden Kia Motors and sister firm Asia Motors, will have no bearing on the its Indian operations, company sources said. "Hyundai's acquisition of Kia Motors and Asia Motors will not affect the company's Indian operations in any way. We have already set aside the investments for the country and it will be committed as per the earlier plans," sources said.