Company Updates

Thermax Bags Export Order Worth Euro 14.2 Mn; Stock Surges 6%

Pune-based Thermax has bagged an order worth Euro 14.2 million for Thermax Signs Export Order Of Euro 14.2 Mn

Vodafone Essar Launches ‘Chhota Credit’ For Prepaid Subscribers

Vodafone Essar has rolled out a new product called, ‘Chhota Credit,’ which Vodafonelet its prepaid customers to avail a credit amount of Rs 10 by just sending an SMS to a toll free number 144.

Harit Nagpal, Marketing and New Business Director, Vodafone Essar stated, “Chhota Credit will enable our subscribers to make a call in the event they do not have sufficient balance in their prepaid account and a recharge shop is not close by or open.”

Mr. Nagpal said that prepaid subscribers who have a balance of less than Rs 5 can make use of this service by sending ‘CREDIT’ as an SMS to ‘144’ in order to get Rs 10 credited to their prepaid account.

RPG Group Plans Expansion; To Invest Rs 90 Bln By 2010

As part of its growth plan, RPG group is all set to invest around Rs 90 billion RPG Group Plans Expansionin the power, tyre and carbon black industries by the next two years (2010).
  
The company’s chairman Mr. Rama Prasad Goenka, who is at his rubber estate at the Harrisons Malayalam limited at nearby Mooply to inaugurate the accelerated replanting and factory modernisation programme here, stated that Rs 6,000 crore would be invested in the Calcutta Electric Supply Company by 2020 in the states including Orissa, West Bengal and Jharkand, whereas the company has set aside Rs 20 billion in the Ceat Tyres and Rs 10 billion in the Philips Carbon Black.

Amara Raja Promoters Plan Holding Company; To Cross Rs 1,000 Cr Mark In ‘08

Promoters of Amara Raja Batteries (ARBL) has decided to frame up a Amara Raja Batteries (ARBL)

Eicher Signs JV Pact With Volvo; Stock Surges 20%

India’s largest commercial vehicle maker Eicher Motors (EML) has signed upEicher, Volvo Forms JV

TCS bags five-year contract worth $100 million from NXP Semiconductors

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