Wipro Technologies, the global IT services division of Wipro, has informed that its Business Process Outsourcing division, Wipro BPO, is setting up a Shared Services centre in Curitiba, Brazil for AmBev.

AmBev is the biggest private company for consumer goods in Brazil and the biggest brewer for Latin America. The Company was created on the 1st of July of 1999, in association with brewers Brahma and Antarctica.

Educomp Solutions, a globally diversified education solutions provider has secured an order worth Rs 50.20 crore from Commissioner of Public Instruction, Government of Karnataka.

Under the arrangement, the company will implement Computer aided Education in 708 PU colleges in Karnataka. The order is scheduled to be executed over 5 years.

Apart from this, Educomp has also received an order for 347 Government hostels from Commissioner Tribal Welfare, Government of Chattisgarh for implementation of Computer aided Education Programme.

Hyderabad-based MIC Electronics has entered into Memorandum of Understanding (MoU) with Italian-based Ceracchi Illuminazione, to get access to European markets and others like Russia, Morroco and Eastern European countries.

Ceracchi Illuminazione is a renowned lightening company in Italy for design, development and marketing of light-emitting-diode (LED) lightening solutions.

The NTPC would form a joint venture with Nuclear Power Corporation of India (NPCIL) for diversifying its efforts to generate nuclear energy. NTPC is the largest power generator of India and its board has approved the JV proposal with India’s only nuclear power producer. The joint venture is expected to come

Initially, the JV would set up a 2,000-MW nuclear power plant. The JV would boost the nuclear power generation capacity of India following the Nuclear Suppliers' Group waiver and Indo-US nuclear deal. India has set a target to produce about 20,000 MWe of nuclear power by 2020 and 36,000 MW by 2030.

Norway-based telecom company, Telenor has brought a majority of 60% stake in Unitech Wireless. Telenor is the largest telecom company of Norway having existence in 12 nations with subscriber strength of over 150 million. The Norway government holds 54 per cent stakes in Telenor. Unitech wireless is a subsidiary of major reality giant, Unitech.

Tokyo - Mazda Motor Corp saw its net profit fall 45 per cent during the July-to-September quarter to 14.5 billion yen (147 million dollars) because of the yen's rise and the higher costs of raw materials, the company said Thursday.

The Japanese automaker reported operating profits of 32.4 billion yen during the second quarter, down 20 per cent from the same period a year ago, and sales of 803.7 billion yen, down 5 per cent year-on-year.

For the full year through March 31, Mazda revised its profit projections downward. It now expects net profit to drop 28.6 per cent from an earlier estimate to 50 billion yen, and operating profit to fall 21.7 per cent to 90 billion yen.