Bharti Airtel extends partnership with Ericsson

Bharti Airtel and Ericsson further strengthened their strategic partnership with a US$ 1.3 billion network expansion contract. Airtel users will enjoy an enhanced voice quality and faster data access. The agreement will enable Airtel to put in place a converged network and expanded coverage in rural India. Ericsson will expand and upgrade Airtel`s network in 15 of India`s 22 telecom circles.

Source :www.biginfotech.in

Ahluwalia Contracts secures contracts

Ahluwalia Contracts (India) has secured contracts aggregating to Rs. 425 crore. The company has secured contract for residential project Calcutta riverside at Bata Nagar Kolkata worth of Rs. 335.90 crore.

The company has secured contract for construction of civil and structural work for wave hospitality extended stay project at Delhi Airport worth Rs. 31.30 crore.

The company has secured contract for construction work of multistoried residential building worth Rs. 16.50 crore.

Further, the company has secured contract for construction of Structural Civil Work (Shell & Core) for HDIL Dreams Hotel Project, at Bhandup, Mumbai worth of Rs. 15 crore and miscellaneous work order aggregating Rs. 25.71 crore.



Source :www.biginfotech.in

GAIL starts gas supply to Maruti Suzuki

GAIL (India) has announced that the company has started natural gas supply to Maruti Suzuki India at its Manesar plant. The gas supply to Maruti Suzuki shall be made through a spur line from the Chainsa - Jhajjar 36 diameter pipeline constructed by GAIL. The Chainsa - Jhajjar pipeline has a capacity of 35 MMSCMD and has been constructed at an investment of Rs. 450 crore. It constitutes the first phase of the Chainsa - Jhajjar - Hisar pipeline project, which is under implementation by GAIL. Maruti Suzuki India is the first customer of GAIL on this pipeline route.

Source :www.biginfotech.in

Bharti set to acquire Zain Africa BV

Bharti Airtel has entered into a legally binding definitive agreement with Zain Group to acquire Zain Africa BV based on an enterprise valuation of US$ 10.7 billion.

Under the agreement, Bharti will acquire Zain`s African mobile services operations in 15 countries with a total customer base of over 42 million. Zain is the market leader in ten of these countries and ranks second in four countries. With this acquisition, Bharti Airtel will be the worlds fifth largest wireless company with operations across 18 countries. Bharti groups global telecom footprint will expand to 21 countries along with the operations in Seychelles, Jersey, and Guernsey.

Source :www.biginfotech.in

L&T bags new orders worth Rs. 1017 crore

Larsen & Toubro`s (L&T) buildings and factories operating company - part of its construction division has bagged two new orders including add on orders aggregating Rs. 1017 crore for the construction of IT campus, residential towers and factory buildings.

L&T has secured a major design and build order worth Rs.566 crore from Cognizant Technology Solutions India for construction of their IT campus development at Siruseri, Chennai.

Another major order worth Rs. 280 crore has been secured from IREO for the construction of The Grand Arch - multistoried residential apartments at Gurgaon, Haryana.

It has further secured orders worth Rs.171 crore for the construction of factory building and other add on works from existing jobs from various esteemed clients.



Source :www.biginfotech.in

Bank of Baroda raises fund

Bank of Baroda has announced that the bank through its London branch has raised US$ 350 million by way of 5-1/2 years senior unsecured bonds maturing on 07 October 2015. The bond carries a coupon of 4.75% with the yield to maturity of 4.886. The borrowing is to fund the bank`s overseas assets growth.

Source :www.biginfotech.in

L&T bags orders worth Rs. 1126 crore

Larsen & Toubro`s (L&T) metallurgical, material handling and water operating company - a part of its construction division has secured orders aggregating Rs. 1126 crore from various customers like Sterlite Industries India, Hindalco Industries, TATA Steel, Delhi Jal Board and Uttar Pradesh Jal Nigam.

Source :www.biginfotech.in

Sonata becomes SAP gold partner in India

Sonata Information Technology (SITL), a 100% subsidiary of Sonata Software has announced that it has attained the gold-level status, the highest level of recognition in the award winning SAP PartnerEdge program.

The SAP PartnerEdge program is an award-winning three-level program that recognizes and rewards partners for their expertise and commitment to delivering SAP solutions to customers in the small and midsize enterprise marketplace. Through this program, SAP recognizes and rewards partners of all sizes for generating volumes of business as well as capacity-building activities such as sales train solution development and customer reference activity.

Source :www.biginfotech.in

SAIL signs joint venture agreement with Shipping Corporation of India

Steel Authority of India (SAIL) on 29 March 2010 has signed a joint venture agreement with Shipping Corporation of India (SCI) to promote a joint venture company (JVC) primarily to provide various shipping related services to SCI. The initial authorized and paid up share capital of the proposed JVC would be Rs 1 crore, which will be increased from time to time. The paid up share capital will be held equally by both the promoters.

Source :www.biginfotech.in