Subex Ltd, a leading global supplier of opera

Biotechnology major Biocon has revealed its plans to pump Rs 100 crore in the coming fiscal with the aim to increase its research and development, to keep pace with increased orders from multinational firms, as leading worldwide firms have slashed their expenditure on R &D.

While commenting on the plans, Biocon Chairperson and Managing Director, Ms Kiran Mazumdar Shaw stated, "We will be investing Rs 100 crore in 2009-10 for enhancing our research and development."

According to the sources, the conglomerate has set aside an investment of Rs 60 crore for the current year.

Jubilant Organosys Ltd has announced that its US arm Clinsys Clinical Research, Inc has purchased TrialStat Clinical Analytics from Trial Stat for CAD 750,000.

According to the sources, TrialStat ClinicalAnalytics (TrialStat CA) is a Web-based electronic data capture that is used by a wide range of pharmaceutical and contract research organizations clienteles international.

Larsen & Toubro (L&T), a leading engineering and construction major, has made announcement that the company has pocketed four contracts worth Rs 1637 from HPCL-Mittal Energy and Hyderabad Metro Water Supply.

According to the sources, the proposed orders were secured for executing water supply project and for building two power generation units. The sources further revealed that the company has bagged orders totaling Rs 937 crore from Hyderabad Metro Water Supply and Sewerage Board (HMWSSB) and Delhi Jal Board.

JSW Steel Ltd, India's second major private sector steel manufacturer has announced that its wholly owned arm JSW Building Systems Ltd, has entered into a joint venture with UK-based Severfield Reeve Structures with the aim to create significant steelwork business based in Bellary district of Karnataka.

According to the sources, in joint venture (JV) JSW Severfield Structures Ltd, the two partners will hold 50 per cent equity participation each.

Alcatel-Lucent has chalked out a plan to expand its business in highly potential Indian market. The company is a leading global communication solution provider, which has already significant presence in the market. It has 5,000 employees in India and would start a recruitment drive to satisfy its manpower needs.

Alcatel-Lucent CEO, Ben Verwaayen said that the company sees a huge potential in India due to availability of resources, talent and big market. The country would grow despite uneven global financial condition and economic slowdown.