Company News

Hindustan Dorr Oliver bags order worth Rs 24 crore

Hindustan Dorr Oliver bags order worth Rs 24 croreHindustan Dorr Oliver Ltd., a leading total engineering solution provider, has picked an order worth Rs 24 crore from HPCL-Mittal Energy Ltd.

The scope of work includes detailed engineering, shop & site fabrication, transportations and supply of Process Pressure Vessels weighing from 50 MT to 250 MT each.

The project is schedule to complete within a period of 12-14 months.

Sadbhav Engineering wins order worth Rs 1571 crore

Sadbhav Engineering wins order worth Rs 1571 croreAhmedabad-based Sadbhav Engineering has informed that its joint venture has won an order worth Rs 1571 crore from Maharashtra State Road Development Corporation for modernization and computerization of integrated border check posts at 22 locations in Maharashtra.

The project will be build on Build Operate and Transfer Basis in the name of Joint Venture known as 'Sadbhav - SREI- SREI Sahaj Consortium' in the ratio of 51:39:10 respectively.

The project has concession period of 24 years six months inclusive of construction period of 18 months.

BMW beats Mercedes in Indian luxury car market

BMW beats Mercedes in Indian luxury car marketLuxury car maker Bayerische Motoren Werke AG (BMW) has overtaken its arch rival Mercedes Benz by selling 270 cars and sports utility vehicles (SUV) in the country. The company also launched a luxury SUV, X6 in diesel and petrol model with price tag of Rs 65.9 lakh and Rs 82.9 lakh and hoped to attain supremacy in the luxury car segment in coming times.

PepsiCo launches lemon juice, 'Nimbooz'

PepsiCo launches lemon juice, 'Nimbooz'Leading soft drink manufacturer, PepsiCo launched its non-carbonated packaged nimbu paani 'Nimbooz', under its brand 7Up in India on Monday and announced to add more products in its cart within couple of months. 'Nimbooz' will be available in 200 ml bottle and 350 ml bottle for Rs 10 and Rs 15 respectively.

Infosys to slash salaries of top executives

Infosys to slash salaries of top executivesThe ongoing global slowdown has started to erode salaries of top executives of India's top IT services provider, Infosys Technologies. The company has decided to pay minimum discretionary pay to staff in a bid to control costs and mitigate the impact of global slowdown on Friday.

The chief executive of IT firm, Kris Gopalakrishnan, said, "This is going to be a prolonged downturn. Slow performance, the increment to its employees will be minimal this time around. "

Maruti Suzuki Feb Sales Up 24%; Exports Figure Surges 89.87%

Maruti Suzuki Feb Sales Up 24%; Exports Figure Surges 89.87% Showing recovery for the two successive months, Maruti Suzuki has reported a 24.08% growth in its total sales during the last month (February 2009).

India’s biggest car manufacturer sold 79,190 units during Feb 2009, as against 63,822 units in the corresponding period of the last year (Feb 2008).

After September 2008, the company’s saw drastic fall in its sales for the next three months by 7.1%, 27.4% and 10% respectively.

But, the company's sales grew 5.39% in January 2009.

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