Wipro Infotech has managed to get a ten year project worth Rs. 1.3 billion from Lodha Group. Wipro will provide IT and business transformation services to Lodha group in India and Middle East. Wipro InfoTech is a leading IT company in India. Lodha group has started a new path to get a premier position in the dynamic real estate market.
Lodha Group is a leading real estate project in Mumbai. It has a land bank of 6000 acres. The group is developing multiple projects in and around Mumbai. It is focusing on the development projects of offices, campuses, SEZ's and townships and keen to enter in southern and western markets
Gas Authority of India limited (GAIL) and Bharat Petroleum Corp Ltd (BPCL) will jointly work in the field of transmission and distribution of natural gas, LPG pipelines, city gas, exploration and production. The memorandum of understanding was signed by GAIL Director (Business and Development) A K Purwaha and BPCL Director (Marketing) S Radhakrishnan on Thursday.
Three Indian Companies, which include Yatra.com; an online travel portal, BuzzInTown.com which is an event-oriented social network, and advertising company Emnet Samsara Media, have been identified by the Intel Capital to invest its $17 million in them. The announcement was made on Thursday by Intel Capital, which is actually the venture capital unit of Nasdaq-listed Intel Corporation. The company further reported that it is bullish on country’s investment prospects.
The Intel Capital, President, Mr Arvind Sodhani, said that they are rapidly investing in opportunities that they find suitable and are excited about the investment prospects in the country. The $250 million Intel Capital India Technology Fund would provide the funding for the said investment.
Vienna - Austrian company AT&S, the leading producer of printed circuit boards in Europe, said Thursday its first quarter net income dropped 46 per cent to 5 million euros (7.9 million dollars), down from 9.2 million euros in the same period last year.
Seasonal factors and a difficult market environment, combined with a weak US dollar and wage increases contributed to the results, the company said in its report.
Pre-tax profits were down 42 per cent to 5.3 million euros. Earnings before interest and taxes (EBIT) fell to 5.6 million euros, 22 per cent less than 7.8 million euros in the first quarter of 2007.
Stockholm - German energy giant E. ON AG Thursday said it is has completed an agreement with Norwegian power group Statkraft to take full ownership of Swedish subsidiary E. ON Sverige.
The agreement signed Thursday in Stockholm sees E. ON take over Statkraft's 44.6 per cent stake in E. ON Sverige worth 4.4 billion euros (6.9 billion dollars) as well as a hydropower plant.
Statkraft was in return to acquire E. ON AG shares worth some 2.18 billion euros as well as assets in Sweden, Germany and Britain including hydropower plants, district heating plants and gas-fired power plants.
Vienna - Austrian company AT&S, the leading producer of printed circuit boards in Europe, said Thursday its first quarter net income dropped 46 per cent to 5 million euros (7.9 million dollars), down from 9.2 million euros in the same period last year.
Stockholm - German energy giant E. ON AG Thursday said it is has completed an agreement with Norwegian power group Statkraft to take full ownership of Swedish subsidiary E. ON Sverige.
