Company Updates

Hotel Leela inks pact with Preferred Hotel

Hospitality firm major Leela Palace announced that it has inked a pact related with sales and marketing with US-based Preferred Hotel Group.

The company entered into this agreement with the aim to increase its brand awareness, reservations and yield via the American firm’s 29 global sales offices.

With the proposed contract, the company is expecting more business customers from the US corporate world.

The alliance will also give Leela access to Preferred Hotel's travel managers in the US, Singapore and Australia.

Satyam Computer signs agreement with Infospectrum

Satyam Computer Services Limited, the country’s fourth-largest computer Satyam Computer signs agreement with Infospectrum   services group, has signed an agreement with US-based Infospectrum to provide enhanced service to operators, third-party maintenance, repair and overhaul (MRO) and component repair providers in the global aviation industry.

Onco Therapies signs licensing and supply pact with GSK

Onco Therapies Limited (OTL), the joint venture between Strides Arcolab Limited and South Africa's Aspen Pharmacare Holdings Limited, has informed that it has accomplished a licensing and supply agreement with GlaxoSmithKline (GSK), the world's second largest drugmaker.

The licensing and supply agreement is for 95 emerging markets, excluding Sub-Saharan Africa and India.

Under the deal, OTL will license intellectual property and supply finished dosage form pharmaceuticals to GSK. OTL will recover intellectual property development costs from GSK in addition to sharing profits from the commercialization of the products.

The first of the products is expected to be launched in 2010.

J Kumar Infra bags two orders worth Rs 53 crore

Mumbai-based J Kumar Infraprojects Limited, a civil engineering and infrastructure development company, has received two orders worth Rs 53 crore from two different firms.

The company has bagged the first order worth Rs 20 crore from Mumbai Metropolitan Region Development Authority. The order includes construction of Sky Walk from: Kanjurmarg Station (East) to MMRDA Colony, from Virar Station (East), from Virar Station (West).

While, the second order worth Rs 33 crore has secured from Planning Cell, Engineering Services and Project Bldg for Augmentation of SWD system at Catchment No 117 BPT Colony, railway Yard and Training of Kharoo Creek Nalla.

Valecha Engineering secures order worth Rs 133 crore

Valecha Engineering has informed that the company has secured projects Valecha Engineering secures order worth Rs 133 crore

Global sales and electronics double Amazon profits

San FranciscoAmazon.com - Amazon. com's second-quarter earnings more than doubled to 158 million dollars thanks to strong sales around the world and strong demand for toys and electronics.

The pioneer of online retail stores said its sales rose 41 per cent to 4.06 billion dollars compared to 2.89 billion dollars in the year-ago quarter. The profit of 158 million dollars, or 37 cents a share, was up from 78 million dollars, or 19 cents a share. International sales rose by 47 per cent helped by the dollar's decline against other currencies.

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