The Noida-based Jaypee Group is planning to set up a cement manufacturing facility in Andhra Pradesh valuing at Rs 16 billion, reports Business Line. The firm expects to commence cement production by 2010.

Satyam Computer Services, a leading global consulting and information and technology services provider, has tied up with Indian Institute of technology (IIT)-Hyderabad for several critical research projects.

RCom`s BIG TV crosses 1 mn subscriber mark

Capital Market Solutions (CMS), a Religare Technova company, has won the Vietcombank Securities Company (VCBS) contract for the NOVA core securities application software

Oil and Natural Gas Corp (ONGC), has made another hydrocarbon discovery in an offshore Krishna-Godavari block.

Navratna defense PSU, Bharat Electronics (BEL) is likely to open a product support centre at Kalamassery in Kochi, Kerala. The product support centre is coming up at the Kinfra Hi-tech Industrial Park, Kalamassery, Kochi.