Hyderabad-based IT major, Satyam Computer Services is now looking to strengthen its multi-dimensional relationship with software giant Microsoft Corporation. Company is also looking to set up a 350-seater dedicated delivery center in Hyderabad to deliver futuristic solutions using Microsoft technologies.
Satyam is collaborating with Microsoft to address needs of common enterprise customers and provide enhanced business value.
Gujarat based Essar is looking to set up the new plant for the capacity of 6 ml ton a year slab making unit in the Brazil for the cost about Rs.20000 Crores. Brazil is the fastest growing market for the steel. Last year around 2.5 million cars were sold in Brazil, up 28 per cent year-on-year.
According to the reports, the company may also soon make the slabs and eventually go for finished products such as hot-rolled and cold-rolled coils to feed the growing market.
Geodesic Information Systems Ltd has joined hands with Idea Cellular, a leading GSM mobile service operator in India, to launch the first true Mobile Internet radio service called "Idea Radio".
IDEA Radio is built on Geodesic's award-winning Mundu Radio technology. This amazing technology will enable the customers to seamlessly tune into a range of exciting entertainment channels, 24 hours a day, without the need to carry a separate device, or to be within the limited range of FM radio stations.
The country’s largest oil and gas Production Company, ONGC has decided to revamp whole infrastructure across the country. The company will spend about Rs 15,000 crore for this purpose. Restructuring will start with the company's assets in Assam.
ONGC has three fields in Assam - Rudrasagar, Lakwa and Geleki. The Rudrasagar field is almost 40 years old.
Company executive said, “There are frequent leaks in pipelines from producing wells which lead to shutdowns and in the Lakwa field the gas is lost due to old infrastructure."
Country’s leading telecom company, MTNL (Mahanagar Telephone Nigam Limited) has launched the live TV service for the mobile phones. The service will be just for the Delhi based subscribers that use 'Unlimited Plan' with GPRS enabled handsets.
Initially, Subscribers can watch seven TV channels five of which will be free while other will be paid for minimum of Rs.50 per month per channel. The channels may also be increased after the commercial launch of the service that is slated for April this year.
As a part of its entry into the bulk shipping industry, the C Sivasankaran-led Sterling Infotech group has purchased the shipping business of Norwegian conglomerate JB Ugland Shipping (JBUS) for around Rs 1,200 crore.
Siva Ventures Ltd, the flagship company of the Sterling Group made the acquisition. Siva Ventures has interests in telecommunications, media, biofuels, wind energy and real estate.
V Srinivasan, the group chief executive officer of Sterling group subsidiary Siva Ventures, stated that the acquisition process was finished within a week’s time.
India's largest drug manufacturer, Ranbaxy Laboratories Ltd has announced that company’s board of directors at its meeting held on February 19, 2008, has cleared a Scheme of De-merger of the Company's New Drug Discovery Research (NDDR) Unit into a subsidiary, Ranbaxy Life Science Research Ltd. (RLSRL).
Ranbaxy's move could result in a cost saving of USD 25 million and the new entity may also benefit from its independent identity.
Oman Telecommunications Company (Omantel) has announced that it has signed a pact to acquire majority stake in Pakistani operator Wordcall Telecom. The company has paid USD 193 million for a 65% holding in Pakistan's Worldcall Telecom
Under the agreement, the company will acquire 60 percent of Worldcall from its shareholders plus a 5 percent stake from the Pakistan Securities Market.
The transaction will include 70.65 % Worldcall Telecom's subsidiary operations in Sri Lanka.
Infosys Technologies Ltd has announced that it has signed a Memorandum of Understanding (MoU) for Alliance of Strategic Business Deployment and Joint Development for Sales and Solution Service Offering with Nihon Unisys, Ltd., Japan.
This alliance is the maturing of the June 2007 partnership between Nihon Unisys and Infosys to execute large-scale system upgrades of Oracle E-Business Suite for Nihon Unisys' customers.
Bhagyanagar India Limited, a part of Surana Group has formed a joint venture company namely ‘Surana Ventures’ for setting up of Solar Photo Voltaic Cell and Module Project in Joint Venture with Surana Telecom.
Further the company informed that the Government through APIIC has made an in-principle allotment of 25 Acers of land to the joint venture company in the Fab City, Hyderabad for setting up the above project.
Secunderabad-based, Bhagyanagar India Limited manufactures telephone cables, copper rods, and copper allied products.