Mumbai-based Global Vectra Helicorp, Country’s largest private sector offshore helicopter company, has entered into a two-year aviation turbine fuel (ATF) contract with Reliance Industries and ONGC to hedge its jet fuel purchases.

The Reserve Bank of India (RBI) had allowed the Indian aviation industry to hedge their ATF price risks as early as May 2007, when crude prices were trading at nearly $70 per barrel.

In the last eight months, crude prices have risen by over 70% to around $135 per barrel.

Of the global population of around 25,000 helicopters, around 200 helicopters are operating in India, of which 150 are in the non-scheduled segment.  

Kolkata-based Energy Development Company Limited has decided to set up a 1.5 MW wind mill energy plant in District - Chitradurg in the state of Karnataka, with a capital investment of Rs 9.5 crore

3i Infotech, a global provider of IT solutions and the fourth largest Indian software product company, has signed an agreement with Public-sector Bank of India, to implement Amlock, 3i Infotech's a

Shree Renuka Sugars Ltd., India's biggest sugar refiner, has formed a new Company in the name of Shree Renuka Agri Ventures Ltd, as its 100% subsidiary Company.

Seoul  - South Korean concern LG Electronics posted profits for the second quar

Motorola Inc. (MOT) has alleged one of it ex-executive of disclosing trade secrets to Apple. Former executive of Motorola, Mr. Michael Fenger is serving as an employ of Apple. He joined Apple as the vice president of global iPhone sales.

Motorola has filed a case against him for information leakage in an Illinois circuit court in Cook County. He served as the senior vice president of mobile devices for the Europe, Middle East and Africa regions for Motorola handsets. The company had an agreement of two years with him. He left Motorola in March and joined Apple by breaking the agreement.