Company News

Titan Industries to open 50 more stores in by the end of FY08

Titan Industries to open 50 more stores in by the end of FY08

Kavveri Telecom to float new subsidiary company

Kavveri Telecom to float new subsidiary companyKavveri Telecom

RNRL Demands Rs 50k Cr To Scrap Agreement With RIL

On Tuesday, Anil Ambani promoted Reliance Natural Resources (RNRL) had demanded Rs 50,000 crore from MukeshAmbani who is the owner of Reliance Industries (RIL) to scrap the gas sale master agreement (GSMA) signed between the two companies.

At the Bombay High Court in the beginning of company’s argument over the supply of gas from the Krishna-Godavari Basin, RNRL counsel Mr. Mukul Rohatgi said, “Somebody decide that my demands are correct or else calculate and compensate me for the gas I should have got for 17 years.”

In Dadri, the power project was delayed because of the Mukesh Ambani-controlled company hasn’t assured them to supply the gas regularly, RNRL said.  
 

MIC Electronics to form JVC with Latin American Football Corporation

MIC Electronics to form JVC with Latin American Football Corporation

Infosys To Tie Up With Other IT Cos To Train Graduates

The country’s second-largest IT services company, Infosys Technologies, is in  Infosys To Tie Up With Other IT Cos To Train Graduates  negotiation with leading IT firms to jointly offer training courses in hope to produce more industry-ready graduates. Beginning with 1,000 colleges across the country, the company hopes to finalize such initiatives by December.

Voltas, Tata Enterprise acquires majority stake in Rohini Industrial Electrical

Voltas, Tata Enterprise acquires majority stake in Rohini Industrial ElectricalVoltas Limited and Tata Enterprise has signed definitive agreement to acquire majority stake in Rohini Industrial Electricals.

Under the deal, Voltas will pay consideration of around of Rs 62 crore for 51% stake in RIE. Both the parties have agreed that Voltas may increase its equity stake in RIE up to 100% in future.

Mumbai based Rohini is engaged in undertaking large turnkey Electricals and Instrumentation projects for Industrial and Commercial sectors.

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