Reliance Communications informed on Tuesday that it will open 82 new exclusive mobile stores in Punjab under its expansion programme.

Under the arrangement, the company would undertake expansion drive across several districts of state including Amritsar, Bhatinda, Chandigarh, Jalandhar, Ludhiana and Patiala.

According to company officials, the latest move is to bring affordable services closer to the people of Punjab and provide easier and faster access to world class telecommunications solutions.

The Chennai-based networking solutions provider Gemini Communication plans to demerge its system integration business comprising enterprise convergence group, wireless and telecom and 4S divisions to a separate company.

However, the company will retain the technical services division to the telecom sector; PointRed Telecom and radio frequency identification (RFID) businesses.

It may be noted that the company's board has proposed to make a preferential allotment of up to 97,18,000 warrants with option to convert them into 97,18,000 equity shares for working capital requirement.

Seeking to enhance its presence in the Indian automobile market, Porsche SE, the maker of luxury automobiles and sports cars, announced yesterday that its luxury sports car Panamera will be launched in India by October this year. The Stuttgart, Germany based Porsche stated that it will roll out three models of its expensive sports car Panamera in India.

Carnation Auto, promoted by Jagdish Khattar, former chairman and managing director of Maruti Suzuki, has signed a joint venture pact with the Variety Group to set up multi-brand auto solution hubs in Andhra Pradesh.

The venture would offer service and maintenance, sale of secondhand cars, insurance services, and accessories i. e. all services under one roof. The company, in near future, has also plan to sell new cars.

Under the arrangement, Carnation would hold a 51 per cent stake in the latest JV while Variety will hold the remaining stake in it.

After many delays, Videocon Industries, an India-based electronics goods manufacturing company has finalized April 27 as launch date of DTH services with the name of 'D2H+'.

It may be noted that the company is entering the DTH space in India in the presence of other competitors like Dish TV, Sun TV, Doordarshan, Tata Sky, Big TV and Airtel.

According to sources close to the development, the company will launch integrated digital televisions (iDTVs) and set top boxes (STBs) with 4-5 subscription options. The company is planning to sell 70-80 per cent IDTVs and 20 per cent STBs.

Mumbai-based Valecha Engineering Ltd has informed that it has picked new projects worth Rs 136 crores which includes road resurfacing of runway at Srinagar worth Rs 71 crores and construction of under pass connecting to Dwarka at Delhi worth Rs 65 crores.

Further the company stated in a separate announcement that its Middle-East operations are also progressing well and recently the company has formed a wholly owned subsidiary in the name of Valecha International FZE at Sharjah in UAE.

Valecha Engineering Limited operates as a construction and infrastructure company primarily in India.