India Business

ABB secures order worth Rs 425 crore from Powergrid

ABB secures order worth Rs 425 crore from PowergridABB, a leader in power and automation technologies, has secured substation orders worth Rs 425 crore from Powergrid, Country's largest power distributor, to boost capacity and help improve grid reliability.

The scope of contract includes design, supply, installation and commissioning of 765/400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur and Seoni (both Madhya Pradesh), and of a 400/220 kV substation at Palakkad (Kerala).

The projects are expected to be completed by mid-2011.

IntraLink inks strategic alliance with Western Press

IntraLink inks strategic alliance with Western PressNewYork-based IntraLinks has entered into a strategic alliance with Western Press Pvt. Ltd., a major corporate printer in India.

Under the arrangement, Western Press will market IntraLinks exclusively in India, focusing on companies operating in the financial markets.

Cadila Healthcare Q4 net rises 11.62%; announces dividend of Rs 4.50 per share

Cadila Healthcare Q4 net rises 11.62%; announces dividend of Rs 4.50 per shareCadila Healthcare Ltd, on Tuesday announced an increase of 11.62% in its net profit at Rs 58 crore for the second quarter ended March 31, 2009, compared to Rs 51.96 crore in the year-ago period.

Further, total income of the company for the quarter also rose 29.25% to Rs 727.73 crore, compared to Rs 563 crore for prior year period.

For the full-year ended March, Cadila Healthcare’s net profit surged 17.65% to Rs 303.08 crore, as compared to Rs 257.59 crore for the year ended March 31, 2008.

TRAI directs mobile operators to seek users' written consent before activating VAS

TRAIIn a much-needed move to prevent inadvertent activation of value-added services (VAS) - like hello tunes and call ring-back tone - on the users' phones, the Telecom Regulatory Authority of India (TRAI) directed the mobile operators on Monday to seek written consent of users for activation of the services.

The TRAI measure has come in response to the horde of consumer complaints regarding the activation of the aforesaid services without their consent.

CAT for IIMs to be computer-based this year onwards

Common Admission TestA change over to computer-based examination from the 33-year-old paper-based examination system Common Admission Test (CAT), conducted for admissions to the country's seven IIMs, is on the cards this year onwards!

The prestigious management institutes - at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Shillong, and Kozhikode, - have arrived at a consensus for changing over to an online Internet-based CAT, which will bring to an end the gargantuan task involving a lot of paper work and logistic arrangements for conducting the test.

IBCCI delegation explores investment opportunities in Tripura

IBCCI delegation explores investment opportunities in TripuraAgartala, April 28: A ten-member business delegation comprising of members of India-Bangladesh Chamber of Commerce and Industry (IBCCI) recently met here to discuss the possibilities to explore bilateral trade potential and industrial investment opportunities in the state.

The delegation led by India-Bangladesh Chamber of Commerce and Industry (IBCCI) President Abdul Matlub Ahmad met with business community of Tripura Industrial Development Corporation (TIDC), senior most officials and businessmen.

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