Country’s largest processor of fruits and vegetables, Jain Irrigation Systems Ltd (JISL) announced that it has won an order worth Rs 270 million (27 crore) to supply dehydrated onions to Europe in the calendar year 2009.
While commenting on this, Mr. Ashok Jain (Vice chairman, Jain JISL) said, "This is the single largest order for our dehydrated onion and vegetables division. We have developed high-solid onion varieties, which are helping Indian farmers to produce more and in turn allowing us to give what the International market expects."
Recently, some senior level appointments were announced by the telecom equipment manufacturing firm Bharti Teletech, which it sees as an attempt to strengthen its core management team.
Previously working with Jumbo Electronics Retails as Country Head & CEO, Atul Jain has now joined Bharti Teletech as Director-Sales & Distribution. The former Intex Technologies India Ltd Director-Operations, Suresh Gupta has joined Bharti as Chief Finance Officer.
Recently, RIM informed in a lawsuit that Motorola is making an adverse effort from keeping the BlackBerry maker from hiring the fired or soon-to-be fired Motorola employees.
Motorola has informed that there would be more than 3,000 job cuts. However, it has been learnt that due to the nondisclosure agreements, those employees may have a tough time getting a new job.
The state government of west Bengal has decided to allocate 750 acres of land in Raghunathpur, Purulia to Jai Balaji Group of the city. Jai Balaji Group would use the land for integrated steel, power and cement projects worth Rs 16,000-crore. It would start the first phase of project within a few weeks. The company has also decided to offer jobs to one member of each family whose land has been acquired to set up the projects.
Rolta Ltd has decided to acquire a template-based solution company, Piocon Technologies of Chicago. Piocon Technologies provide various operational solutions to the oil and gas refineries.
Piocon Technologies design the tools to deliver the operational excellence, reliable matrices and efficient solutions for data base management. The solutions are capable of handling equipment and operations from various sources of large refineries. It would help to achieve downtime reduction, inventory rationalization, optimization of crude selection and improved refinery planning.
ONGC is likely to secure the minimum threshold of shareholder acceptances to acquire the UK-listed Imperial Energy. Final decision by the shareholders would be taken on Tuesday. ONGC can acquire Imperial Energy only after getting nod form 90% shareholders of Imperial Energy. Imperial maintains huge gas and oil reserves in the Russian field and Indian government recently allowed ONGC to go for the acquisition for energy security of the country.