Editor's Desk

HCL Tech bags Rs 393 worth order from National Insurance

by

HCL Technologies has won a Rs 393 crore contract from National Insurance Company (NIC) for setting up and managing new enterprise wide IT Landscape for NIC. The contract for a period of 7 years will cover business process re-engineering, application, blueprinting and roll out of 19 applications, systems integration and management services This is deemed … Read more HCL Tech bags Rs 393 worth order from National Insurance

Gemini Communication bags BSNL WiMax Broadband Order

by

Gemini Communication (GCL) has secured an order from Bharat Sanchar Nigam (BSNL), for supply, implementation & maintenance of Rural Mobile WIMAX in the telecom circles of Gujarat, Maharashtra, Karnataka, Andra Pradesh, Chennai, Tamilnadu and Orissa. The order is worth Rs 67 crore in the first phase. This is BSNL’s first procurement of Mobile WIMAX systems, … Read more Gemini Communication bags BSNL WiMax Broadband Order

Suzlon Energy’s China unit bags contract for 80 units of turbine

by

Suzlon Energy (Tianjin), China, a wholly owned subsidiary of Suzlon Energy, has entered into an agreement with Inner Mongolia North Longyuan Wind Power Corporation, for supply of turbines for 100 MW of wind turbine capacity. The order consist of delivery of a total of 80 units of Suzlon’s S64-1.25 MW turbine in two lots of … Read more Suzlon Energy’s China unit bags contract for 80 units of turbine

IVRCL Infrastructures & Projects bags orders worth Rs 670.03 crore

by

The Irrigation and Buildings & Industrial Structures (B&IS) Divisions of the IVRCL Infrastructures & Projects have bagged orders of the value of Rs 670.03 crore. The company has bagged an order worth Rs 332.55 crore from Narmada Development Division No.12, Rajpur for execution of Lower Goi Project including dam, canals and its distribution network An … Read more IVRCL Infrastructures & Projects bags orders worth Rs 670.03 crore

No rupee recovery in sight in Short Term

by

India’s trade data for January supports our view that imports would decline more than exports in early 2009. We expect the trade balance to continue to improve in coming months, but the rupee is unlikely to benefit unless portfolio outflows decelerate (i.e., market sentiment improves and global risk aversion abates). Oil imports (falling 47.5% YoY) … Read more No rupee recovery in sight in Short Term

Mahindra’s subsidiary to invest Rs 1,000 cr in India

by

Mahindra Logistics, the fully owned subsidiary of Mahindra & Mahindra, is planning to invest Rs 1,000 crore in India over the next 3-4 years, beating the ongoing economic slowdown. The investment would be utilized for modern warehouses. The company currently has 65 lakh square feet of warehousing space and plans to add another 27 lakh … Read more Mahindra’s subsidiary to invest Rs 1,000 cr in India