Monday, December 1, 2008
Blackstone, CMS set India joint venture
The Blackstone Group said Monday it is forming a joint venture with CMS Group to provide IT business services in India, including card solutions, transaction printing solutions and ATM cash management. The new company will be formed from existing operations at CMS, and Blackstone will be the majority owner of the new company. Blackstone said Rajiv Kaul, ex-CEO of Microsoft India, would be CEO of the new company
India Infoline, a financial services provider announced on Monday the board of directors approved to buy-back .the buyback at a price not exceeding Rs 43.20
Pollo Campero, Global QSR (quick service restaurant) chain, is intending to enter into the multi-billion-dollar Indian fast food market with plans for establishing 10 restaurants across the country by 2012.
NTPC and CIL have finally reached an agreement after the end of the month old hassle over supply of coal following the Central Electricity Authority`s intervention
GVK Power and Infrastructure (GVKPIL) is set to complete its Rs 20.69 billion Alaknanda hydro power project in Rishikesh before the schedule
Reliance Industries has inked pact with 3 power companies of Rajasthan- Jaipur Discom, Ajmer Discom and Jodhpur Discom in order to sell solar energy,
Moser Baer, global technology major plans to set up an LCD television manufacturing unit in Chennai by next year,
Pollo Campero, Global QSR (quick service restaurant) chain, is intending to enter into the multi-billion-dollar Indian fast food market with plans for establishing 10 restaurants across the country by 2012.
NTPC and CIL have finally reached an agreement after the end of the month old hassle over supply of coal following the Central Electricity Authority`s intervention
GVK Power and Infrastructure (GVKPIL) is set to complete its Rs 20.69 billion Alaknanda hydro power project in Rishikesh before the schedule
Reliance Industries has inked pact with 3 power companies of Rajasthan- Jaipur Discom, Ajmer Discom and Jodhpur Discom in order to sell solar energy,
Moser Baer, global technology major plans to set up an LCD television manufacturing unit in Chennai by next year,
LAVA Electronics is in discussions with real estate firms Ansal API, Omaxe and Parsvnath for a possible India entry through a franchisee arrangement by the third quarter of 2009
Kobe Steel and Essar Steel have agreed to enter a comprehensive business partnership
i-Power Solutions India, provider of IT solutions and software development services announced on Monday the company had taken over Vanavil Technology (P) and had consequently acquired full rights of Vanavil Web site on account of this take over.
Astra Microwave Products announced on Monday the company has bagged order for Rs 570 million from Israel`s ELTA Systems. A group subsidiary of Israel Aerospace, ELTA is a world leader in electromagnetic sensors-based advanced defense systems for radar, electronic warfare, and communications.
Kobe Steel and Essar Steel have agreed to enter a comprehensive business partnership
i-Power Solutions India, provider of IT solutions and software development services announced on Monday the company had taken over Vanavil Technology (P) and had consequently acquired full rights of Vanavil Web site on account of this take over.
Astra Microwave Products announced on Monday the company has bagged order for Rs 570 million from Israel`s ELTA Systems. A group subsidiary of Israel Aerospace, ELTA is a world leader in electromagnetic sensors-based advanced defense systems for radar, electronic warfare, and communications.
Nagarjuna Construction bags 6 orders worth Rs 4.84 bn
Nagarjuna Construction Company has secured six new orders aggregating Rs 4.84 billion. It received first order worth Rs 1.21 billion from the Golden Jubilee Hotels, Hyderabad for construction of a 5 star deluxe hotels at Madhapur, Hyderabad to be completed over a period of 15 months.
The second order is from the CMD, MP Paschim Kshetra Vidut Vitran, Indore for different works valued at Rs 1.11 billion to be completed over a period of 12 months.
The third order is from the National Institute of Technology (NIIT), Agartala for construction of boys and girls hostel valued at Rs 990 million to be completed over a period of 21 months.
The fourth order is from the registrar, Yogi Vemana University, Kadapa for construction of buildings at Yogi Vemana University campus valued at Rs 720 million to be completed over a period of 18 months.
The fifth order is from director general, Project Seabird, New Delhi for construction of dwelling units and common facilities for project seabird valued at Rs 450 million to be completed over a period of 18 months and the sixth order is from the Learning Panorama Foundation, Mumbai for construction of school project at Borivali valued at Rs 360 million to be completed over a period of 12 months.
The second order is from the CMD, MP Paschim Kshetra Vidut Vitran, Indore for different works valued at Rs 1.11 billion to be completed over a period of 12 months.
The third order is from the National Institute of Technology (NIIT), Agartala for construction of boys and girls hostel valued at Rs 990 million to be completed over a period of 21 months.
The fourth order is from the registrar, Yogi Vemana University, Kadapa for construction of buildings at Yogi Vemana University campus valued at Rs 720 million to be completed over a period of 18 months.
The fifth order is from director general, Project Seabird, New Delhi for construction of dwelling units and common facilities for project seabird valued at Rs 450 million to be completed over a period of 18 months and the sixth order is from the Learning Panorama Foundation, Mumbai for construction of school project at Borivali valued at Rs 360 million to be completed over a period of 12 months.
NTPC inks MoU with NHPC, Power Grid & DVC
National Thermal Power Corporation (NTPC) announced sigining of memorandum of understanding (MoU) amongst NTPC, NHPC, Power Grid and DVC on Dec. 1, 2008.
The MoU was inked to form a joint venture company to set up with equal equity participation an `online high power test laboratory` (OHPTL) for short circuit testing facility.
The MoU was inked to form a joint venture company to set up with equal equity participation an `online high power test laboratory` (OHPTL) for short circuit testing facility.
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