Multi-Million Pound, 5 Year Deal Awarded to HCL by News Corp

Submitted by Sarika Valecha on Tue, 12/08/2009 - 21:10

HCL Technologies, the giant IT firm, has confirmed that it has managed to win a 5 year long multi-million Pounds deal from Britain based New International, a division of the American News Corp, for providing "software services" to the publishing giant.

As per the deal, HCL will be taking care of News International's "data centre and network environments", all the while developing ideas to strategically and efficiently transform them.

"The company has entered into a multi-million pound, five year engagement for providing technology infrastructure management and transformation with News International. We look forward to applying our technological and industry expertise to support News International's business goals", said HCL while announcing the major deal.

In addition to News International, which is the publisher of several popular newspapers like The Times, The Sun and The Sunday Times, HCL is also working with various other News Corp firms.

News Corp is led by media mogul Rupert Murdoch and is the publisher of various popular periodicals, like the Wall Street Journal. The company also has major operations in sections such as movies, TV and cable, in addition to publishing.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

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On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

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