Company News

IVRCL Infra wins order worth Rs 499 crore

IVRCL Infra wins order worth Rs 499 croreIVRCL Infrastructures & Projects Limited (IVRCL) has informed that it has secured the lift irrigation project, from the Government of Andhra Pradesh, Irrigation & CAD Department.

The project is valued at Rs 499.23 crore.

Under the arrangement, the company would execute Kaleswaram Lift Irrigation Scheme, which includes investigation, designs, with allied works lifting of 4.50 TMC of water from Godavari River near Kannepally (V) of Kaleshwaram, Mahadevpur (M), Karimnagar District. The project is expected to be completed in 48 months. 

Bharti to launch DTH Services christened ‘Airtel Digital TV’ from Oct 9

Bharti to launch DTH Services christened ‘Airtel Digital TV’ from Oct 9Country's largest cellular operator Bharti Airtel has informed that it would launch direct-to-home (DTH) satellite television service christened 'Airtel digital TV' initially in 62 cities from October 9, 2008.

The company claims that Airtel digital TV uses the latest MPEG4 standard with DVB S2 technology, which translates into exceptional picture clarity and consistent high quality audio for the customer. 

In addition Airtel digital TV also uses 20% larger dish antenna that offers better performance during rain.

GVK Power divests its entire stake in aviation subsidiary

GVK Power divests its entire stake in aviation subsidiaryGVK Power & Infrastructure Ltd has informed that the company has divested its entire stake in its subsidiary, GVK Aviation Pvt. Ltd.

As a result, GVK Aviation (P) is no more a wholly owned subsidiary of the company from Sep. 30, 2008.

GVK Aviation Pvt. Ltd, founded in 2007, engages in the business of aviation, owning and chartering of private aircrafts and helicopters. 

In June 2007, the company acquired 100% equity stake in GVK Aviation, which became a wholly-owned subsidiary.

SMS GupShup gets funding worth $ 11 million from Helion, Charles Ventures

SMS GupShup gets funding worth $ 11 million from Helion, Charles VenturesSMS GupShup, the world’s largest and fastest-growing mobile community platform, has notified that it has received investment of US$11 million from Helion Ventures and Charles River Ventures.

The move will enable SMS GupShup to innovate faster and deliver great products to consumers, advertisers and enterprises.

The company intends to use funds for business growth, product development and increased sales and marketing.

LG reveals new range of Microwave Ovens for Indian Market

LG reveals new range of Microwave Ovens for Indian MarketThe world's leading provider of consumer electronics and digital technology, LG Electronics, has announced the mega launch of its wide range of Microwave Ovens in the country. 

Aiming to provide the best cooking experience to the Indian Women, the company has introduced the new models in the Solo, Grill as well as Convection technology.

The new range starts with a Price of Rs 3890/- for a basic Solo to Rs 5590/- for a Grill and Rs 9990/- for a Convection Microwave Oven.

Pavers Foresight enters JV deal with Italian Firm

Pavers Foresight enters JV deal with Italian FirmMauritius Based Pavers Foresight Smart Ventures announced a 50:50 JV with the 150 millon Euro Company "Fly Flot" of Italy. 

Fly Flot is the largest footwear manufacturer in Europe, with presence in 57 countries, and produces close to 7.2 Million pairs of footwear annually. The firm among the worldwide leaders in direct injection polyurethane comfort technology.

Under the arrangement, both partners would invest Euro 2 million for the setup of a Greenfield plant in Tamil Nadu. 

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