Larsen and Toubro (L&T), India's largest engineering and construction conglomerate, has notified that its newly formed Buildings & Factories Operating Company, which is a part of its Construction Vertical has bagged several large-value orders aggregating to around Rs 5000 crore in the second quarter of 2008-09.

The scope of work involves construction of a slew of institutional, commercial, residential and factory buildings.

Mumbai-headquartered Core Project & Technologies Ltd (CORE) has informed that it has received a prestigious contract from Karnataka State Open University (KSOU) to implement FAIM, its Admissions and Examinations Management System Software.

FAIM is an integrated solution for the administration of courses, examinations and assessment, including both vocational and academic structures.

FAIM is Core's flagship product, presently being used successfully in eight African countries, three Caribbean countries and more than 25 institutions in the UK.

HCL Technologies (HCL), a leading offshore IT & software development company, has made a cash offer to acquire UK-based IT firm, Axon Group Plc (Axon).

Under the condition of the offer, Axon shareowners would obtain 650 pence in cash for each Axon share, inclusive of the Interim Dividend. The offer price values the entire issued and to be issued share capital of Axon at approximately £441.1 million.

State-run Power Finance Corporation has informed that the Board of Directors of the Company at its meeting has given approval to participate in the equity of Power Exchange India Ltd (PXI) up to 7% share capital of PXI not exceeding Rs 1.75 crore.

PXI is a company promoted by NSE and National Commodity and Derivatives Exchange (NCDEX), for setting up power exchange to provide electronic, transparent and neutral platform for trading of electricity.

Apart from this, PFC may also participate as a Professional Clearing Member in PXI.

Unitech, India's second-biggest real estate developer, has informed that the Department of Telecommunications (DoT) has issued the letters to its telecom subsidiaries for the allotment of 4.4 MHz of spectrum in the 1800 MHz GSM band in Gujarat and Uttar Pradesh (West) Service Areas.

With this allotment, Unitech has been allotted intial spectrum in 12 service areas out of the 22 circles.

Earlier this month, the company received spectrum in Maharashtra, Mumbai, Punjab and Uttar Pradesh (East) service areas.

India's leading car manufacturer Maruti Suzuki plans to launch its all new compact sedan, A-Star, by mid November in the domestic market.

With the launch, India will become the first country to drive this car designed and developed by the company as a global strategic model. Swift, Sx4 and Grand Vitara were among the other world strategic models that the company had launched in India earlier.

The latest car will be Maruti Suzuki's seventh model in the A2 segment, which will compete with rival car models like Hyundai i10, Tata Indigo CS, Swift among others.