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Diamond Cables has bagged an order worth Rs 140 crore from the Assam Electricity Board for electrification related work.     

The company has informed that it picked the order of a large power infrastructure project entailing electrification of North Cachar, Demaji and Kamrup districts of Assam.

The scope of work includes survey, re-engineering and laying of power infrastructure in these districts under the aegis of the Assam Electricity Board.     

Hyderabad-headquartered Infotech Enterprises Limited (IEL) has secured a multi-million dollar contract from Malaysia-based inCONTROL Tech (iTEC) for implementing GIS information system for Tonaga National Berhad (TNB), an electric Utility in Malaysia.

The implementation is considered as a part of TNB's long term GIS roll out plan for all their circles nationwide.

Stock market analysts have suggested traders to buy Satyam Computer to achieve an intraday target of Rs 71.

According to them, interested traders can buy the stock above Rs 66 with a stop loss of Rs 64.

If stock market remains positive, the stock pricing may become more attractive, and reach above Rs 73.

Shares of the company, on Tuesday (June 09), closed at Rs 66.85, up Rs 6.05 from its previous closure of Rs 60.80 on the Bombay Stock Exchange (BSE).

Tokyo  - Japan's key machinery orders hit their lowest level in 22 years in April as companies have cut their capital investments amid the global economic slowdown, the Cabinet Office said Wednesday.

Core orders, which exclude those for ships and power equipment, dropped to 688.8 billion yen (7.03 billion dollars), down 5.4 per cent in April from the previous month.

The figures were down 32.8 per cent in unadjusted terms compared with a year before.

Wolfsburg, Germany  - Volkswagen and the Chinese car maker BYD (Build Your Dreams) have signed a memorandum of understanding on building hybrid and electric vehicles powered by lithium batteries, according to a VW statement.

"Hybrids and electric vehicles will play an increasingly important role, particularly for the Chinese market," said Dr Ulrich Hackenberg, board member for technical development at Volkswagen.

Munich - The compact Audi Sports Utility Vehicle, the Q5, the Honda Jazz and the Hyundai i20 received a top five-star rating in the latest EuroNCAP crash test while the Suzuki Alto failed the safety test.

Other top five-star ratings were given to the Kia Soul and the Peugeot 3008, according to the report.