Company News

Niraj Cement along with JV partners picks order worth Rs 135.20 crore

Niraj Cement along with JV partners picks order worth Rs 135.20 crore Mumbai-headquartered Niraj Cement Structural Ltd has notified that it has secured a Letter of Intent (LOI) for contract worth Rs 135.20 crore from Haryana State Roads & Bridges Development Corporation Ltd, Chandigarh.

The scope of work includes construction of Improvement of Modal Punhana Nagina Road, Uttawar Sikrawa to Bhadas Road, Bori Kothi Punhana Road in Mewat / Palwal District.

Network18 pledges 15.20% stake to receive loan worth Rs 94 crore

Network18 pledges 15.20% stake to receive loan worth Rs 94 croreDiversified media firm Network 18 Media & Investments has notified that one of its promoters Raghav Bahl has pledged 15.20 per cent stake with a bank and a financial institution for a loan.

An official release stated that Bahl has pledged in total 93.90 lakh shares with Sicom and State Bank of India, for a loan of Rs 94 crore.

It may be noted that the promoter has pledged 10.35 lakh shares, or 1.58 per cent, with Sicom for an existing loan of Rs 19 crore availed by Network 18 India Holdings
(subsidiary of Network18).

Shopper’s Stop inks MoU with ABCTCL

Shopper’s Stop inks MoU with ABCTCLK Raheja Group-promoted Shopper's Stop Ltd has entered into an MOU with Amalgamated Bean Coffee Trading Company Ltd (ABCTCL), to set up Cafe Coffee Day
(CCD) cafes at Shoppers Stop stores.

Under the MoU, the existing cafes operated by Shoppers Stop shall be converted into the Cafe Coffee Day formats, over the next few months, while all new stores will be designed with CCD outlets.

The first CCD format outlet within Shoppers Stop stores is likely to begin by April this year.

Infosys to take tough stance against poor performers

Infosys to take tough stance against poor performersInfosys Technologies, the second largest services firm of country by revenue, would take tough stance against poor performers. With 2,200 of its employees already been put under scanner for non-performance, things may be tough for the current staff.

However, the company ruled out any lay-offs and said that it wouldtake other measures to cut costs and increase business efficiency.

‘Logistics Guru’ Pawan Jain Receives “Retail Leadership Award” At Asia Retail Congress 2009

‘Logistics Guru’ Pawan Jain Receives “Retail Leadership Award” At Asia Retail Congress 2009 At Awards for Retail Excellence during the Asia Retail Congress 2009, Mr. Pawan Jain, ‘Logistics Guru’ and CMD, Safexpress, Leader in the Supply Chain Management and Logistics Industry, was honored and felicitated with the ‘Retail Leadership Award’.

Tata Capital To Enter The World Of PE Biz

Tata Capital To Enter The World Of PE BizTata Capital, the financial services arm of Tata Group, on Tuesday announced that it is planning to launch its private equity business by the end of first quarter of the next financial year (2009-10).

While speaking on this, Tata Capital managing director and CEO Praveen P Kadle said, “We will be launching our private equity business by the end of first quarter of the next financial year.”

Pages