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Cognizant Technologies inks 5-year-pact with AstraZeneca

Cognizant Technologies inks 5-year-pact with AstraZenecaCognizant technologies, a leading provider of global consulting, technology and business process services, has entered into a five-year agreement with UK-based AstraZeneca, a leading pharmaceutical major, to provide application maintenance services in the business-critical areas of research, clinical development, and sales and marketing.

Under the extended agreement, Cognizant will work with AstraZeneca's Global Shared Services organization and implement world class, end-to-end application maintenance services. 

HDFC Bank enters International Market; Opens first overseas branch in Bahrain

HDFC Bank enters International Market; Opens first overseas branch in BahrainHDFC Bank, India’s second biggest lender by market value, has opened its first full-fledged overseas commercial branch at a new financial district in Bahrain. 

The bank stated that it has chosen Bahrain due to its excellent location, clean, open and transparent regulations, cost-effectiveness, and good bilateral relations between India and Bahrain. 

PBA Infra JV gets orders worth Rs 45 crore

PBA Infrastructure Ltd (PBA) has informed that company’s Joint Venture christened "PBA-CONSITE" has received two orders worth Rs 44.99 crore from Mumbai Metropolitan Region Development Authority.

Further PBA Infra stated that it has 60% share in these two awarded contract. 

The JV has secured first contract worth Rs 15.81 crore for construction of skywalk at Ulhasnagar (East), in which PBA Infra has 60% share, valued at Rs 9.49 crore. 

While, the second contract worth Rs 29.17 crore has bagged for construction of Skywalk at Ulhasnagar (West). PBA Infra 60% share valued at Rs 17.50 crore.

BHEL bags order worth Rs 1474 crore from NTPC

BHEL bags order worth Rs 1474 crore from NTPCPublic sector equipment maker Bharat Heavy Electricals (BHEL) has secured a contract worth Rs 1474 from the government controlled power generation company NTPC. 

Under the deal, BHEL will set up two 660 MW steam turbine generators for NTPC's Barh thermal power project in Bihar. 

BHEL’s scope of work includes design, engineering, manufacture, supply, erection and commissioning.

This is company's first commercial order with supercritical parameters through the International Competitive Bidding. 

SBI Life rolls out “Criti9”- a health insurance plan for SBI Group Customers

SBI Life rolls out “Criti9”- a health insurance plan for SBI Group CustomersSBI Life Insurance, the third largest private life insurance company in the country has launched its first group health insurance plan "Criti9" for State Bank Group customers, to provide a superior health insurance option.

The newly introduced policy will be available for State Bank Group account holders aged 18 to 55 years, with maximum cover ceasing age being 65.

LIC plans to launch Credit Card in Indian Market

LIC plans to launch Credit Card in Indian MarketLife Insurance Corporation of India (LIC), the largest life insurance company in India, has entered into an agreement with state-owned Corporation Bank to launch credit cards in the country.

LIC intends to launch the business through its wholly owned subsidiary, LIC Cards Services Limited, which will manage all aspects of its credit card venture. The company already has taken approval from Government of India to form a wholly owned company for this purpose.

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