Delhi-based real estate major Aeren R Enterprises has revealed its plans to invest over Rs 6,350 crore in developing two projects in North India despite realtors, which are presently struggling due to high interest rates.

Under the proposed plans, the company is aiming to construct two premium residential complexes in Ludhiana, of which one would build on 12 acres of land, and other will cover 175 acres of land along with a nine-hole golf course.

Era Infra Engineering Ltd, a unified infrastructure development conglomerate, has pocketed a contract worth Rs 351.7 million (approx.) from Central Public Works Department (CPWD).

Under the proposed contract, the company will execute construction of additional general pool office accommodation at Kavadiguda, Secunderabad.

Recently, Era Infra Engineering Ltd has been awarded with two contracts, one from Bharat Heavy Electrical Limited (BHEL), and second from Central Public Works Department (CPWD). These two contracts entail total investment of Rs 138 crore.

ITC has decided to invest Rs 20.60 billion to build hotels in Chennai and Kolkata.

ITC is India’s most valuable and multi-business conglomerate.

To diversify its business activities, the company is also proposing to set up hotels in Bangalore, Ahmedabad, Hyderabad and outside Delhi.

The reports said that the company (ITC) will pump Rs 40 billion in hotel business in the coming two years.

Recently, the company has posted a decline in its standalone net profit for the first quarter ended June 2008..
 

Software giant Oracle Corporation has informed that it has reached an agreement with Global Knowledge Inc., to acquire its software division christened Knowledge Software (GKS) LLC.

Oracle plans to form a global sales unit to expand its focus on non-Oracle applications using Global Knowledge products, which it said would extend its software training offering.

North Carolina-based software company, which has around 1,200 employees, working at various locations across the globe, has posted roughly $300 million in revenue in

Moser Baer, world's second largest manufacturer of Optical Storage media, announced that it has decided to invest an amount of Rs 1.02 million to get hold of 51% of the equity shares in Lumen Engineering.

Established in 1990, Lumen Engineering Consulting Co. Ltd. provides services in various industrial fields such as electronic, electrical and mechanical industry.