The Infrastructure development company IVRCL Infrastructures and Projects has bagged orders worth a whopping Rs746.26 crore from different agencies for construction related projects. 

The realty firm will undertake a turnkey housing project for AP Cine Workers Co-operative Housing Society at Hyderabad for Rs 550.28 crore. Hyderabad-based firm got an order worth Rs114.35 crore from City and Industrial Development Corporation of Maharashtra (CIDCO) for construction of an exhibition centre in Navi Mumbai. 

In addition to the above, it has received another order worth Rs70.62 crore from Government of Pondicherry for creating new habitation in the Union Territory (UT) for Tsunami affected people. 

Shiela Dikshit, took oath as the Chief Minister of Delhi for the third consecutive term on Wednesday. 

The 71-year-old Dikshit was administered oath of office and secrecy by Delhi Lt Governor Tejinder Khanna at the Raj Niwas in New Delhi. 

Six other cabinet ministers were sworn-in along with Dikhsit.

The list includes five old faces A K Walia, Mangat Ram Singhal, Haroon Yusuf, Rajkumar Chauhan and Arvinder Singh Lovely and the only new one Kiran Walia.

Hyderabad headquartered IVRCL Infrastructures & Projects has revealed that the buildings and industrial structures (B & IS) division of the company has secured Rs 7.46 billion orders from various customers.

According to sources, the infrastructure company has bagged an order worth Rs 5.50 billion on turnkey basis from A.P. Cine Workers Cooperative Housing Society, Hyderabad for carrying out proposed group housing project.

(MBEL), the wholly owned arm of Moser Baer has announced that it has clinched a strategic alliance with UTV Motion Pictures for the exclusive home video distribution of UTV movies.
 
According to sources, the pact will give MBEL domestic rights to UTV`s home video catalogue which comprises of 10 films. Moser Baer Entertainment will also get home video rights to all UTV productions released until mid 2009.

Due to slump in passenger car sales, Toyota Kirloskar Motor has revealed that it is searching the options to trim down its production by 30 percent in the month of December.

According to sources, Toyota has a facility to generate over 5,000 units a month at its plant situated near Bangalore.

In a move to boost demand and tame worldwide crisis, government of the country on December 7, cut down Central VAT (Cenvat) by 4%.