Maxtor to merge with Quantum's HDD unit
Maxtor Corporation and Quantum Corporation have announced a definitive agreement to combine Maxtor and Quantum HDD, Quantum's Hard Disk Drive Group, in an all-stock transaction that will create the world's leading disk drive company. Quantum's HDD stockholders will receive 1.52 shares of Maxtor common stock for every share of HDD common stock they own. The transaction is valued at approximately $ 2.3 billion.

Antfactory targets $10bn Medical Transcription market
Antfactory has picked up a close to 20 per cent equity stake in IntelliRecords, a US-based provider of Electronic Medical Record (EMR) solutions to hospitals and physician practices. IntelliRecords plans to offer the complete range of data management operations, ranging from basic services like medical transcription, aggregating and warehousing of patient records, consolidation of records to create complete EMR solutions.

MIRC electronics deploys SAP R/3 suite
SAP India, the leading provider of collaborative e-business software solution has announced that MIRC Electronics, the manufacturer of Onida brand colour televisions has gone live with SAP R/3 suite. With SAP R/3 at the core of its operations, MIRC Electronics has integrated its business processes and leveraged best practice to enhance productivity and improve customer satisfaction.

Bank of Punjab launches messaging service
Bank of Punjab has announced the launch of a customer alert service, probably the first such service launched by any bank in India. The `ebank alert' service allows the bank's customers to subscribe to a unique facility with the customer getting messages or alerts as per his/her choice.