Company Updates

Satyam To Axe 4,500 Employees

Satyam Computers is planning to lower the burden of workforce. As many as 4500 employees can be affected by this decision of the company. The company has total work force of 51,000 employees at present.

The company has also started the performance improvement plan and asked low performer to either quit or sharpen them.

The company Chief, Ramalinga Raju warned them about un-disciplinary behavior through an email

The founder and Chairman, Satyam Computer Services Ltd, B. Ramalinga Raju also stressed the need to expand the private-public partnership to the social sector. He expressed these views in the annual ICT (information, communication and technology) event organized by Confederation of Indian Industry and the Tamil Nadu Government.

Rolls-Royce Eyes On Indian Car Market

Rolls-Royce Motor Cars is eying on the highly potential auto mobile market of Rolls-Royce Eyes On Indian Car MarketIndia. The car market f India is expected to further grow in the coming years. Soon it will be the single-biggest market in the Asia-Pacific region.

The company is known for its ultra-luxury Phantom car. It has sold 12 hand-crafted Uber-premium cars in India in 2007. The company is eying on further orders from the car market.

The director of Rolls-Royce Motors, Graema Grieve said that the new product of company would be the second most expensive in the world.

MindTree To Foray Into Engineering Services Sector

MindTree, a leading software and R&D services conglomerate, has unveiled that the company will soon enter into the engineering services sector.

Satluj Jal Vidyut Proposes JV With NPCIL

State run Hydro-electric major Satluj Jal Vidyut Nigam, has divulged that the company has sent its proposal to Nuclear Power Corporation of India (NPCIL) for building a joint venture (JV) for a Nuclear energy plant.

The sources close to the company remarked that SJVN's collaboration with NPCIL would be for constructing a nuclear power capacity of 1,500 MW. The company has lined up expansion plans worth Rs 18,000 crore.

 Indicating its future roadmap, Satluj Jal Vidyut Nigam stated that the company has chalked out plans to double the capacity by 2017.

Educomp Solutions Enters Into 50-50 Partnership With Eurokids Int

Educomp Solutions Ltd (ESL), a globally diversified education solutions provider, has signed up a 50-50 strategic partnership contract with EuroKids International Private Limited (“EIPL”), a specialist in pre-school education.
    
The proposed deal includes the acquisition of existing company shares as well as an infusion of additional capital into EuroKids for future expansion.

According to the sources, the agreement has also a provision for ESL, to hike its stake in stages to 74% over duration of time.
 
The major activity of EuroKids International is to provide pre-school education in India, whereas Educomp Solutions Ltd is the largest education company in India, which offers globally diversified education solutions.

RKHS Takes Over Compass Group PLC’s 50% Stake In RKHS

RKHS has revealed that it has acquired Compass Group Plc's 50 percent stake in RKHS through its affiliates.

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