Larsen & Toubro (L&T), a leading engineering and construction major, has made announcement that the company has pocketed four contracts worth Rs 1637 from HPCL-Mittal Energy and Hyderabad Metro Water Supply.

According to the sources, the proposed orders were secured for executing water supply project and for building two power generation units. The sources further revealed that the company has bagged orders totaling Rs 937 crore from Hyderabad Metro Water Supply and Sewerage Board (HMWSSB) and Delhi Jal Board.

JSW Steel Ltd, India's second major private sector steel manufacturer has announced that its wholly owned arm JSW Building Systems Ltd, has entered into a joint venture with UK-based Severfield Reeve Structures with the aim to create significant steelwork business based in Bellary district of Karnataka.

According to the sources, in joint venture (JV) JSW Severfield Structures Ltd, the two partners will hold 50 per cent equity participation each.

Ash-Abhi parting away from ‘Bachchan’ hertitage home ‘Jalsa’! Yes, you heard it right!

According to grapevine, Abhishek Bachchan and Aishwarya Bachchan are moving out of ‘Jalsa’ and shifting base to the newly acquired place in Juhu's Pinnacle Dreams, which has 7 flats of approximately 2000 sq ft. each.

It must be recalled that the couple had been doing some property shopping for long.

Alcatel-Lucent has chalked out a plan to expand its business in highly potential Indian market. The company is a leading global communication solution provider, which has already significant presence in the market. It has 5,000 employees in India and would start a recruitment drive to satisfy its manpower needs.

Alcatel-Lucent CEO, Ben Verwaayen said that the company sees a huge potential in India due to availability of resources, talent and big market. The country would grow despite uneven global financial condition and economic slowdown.

Private sector insurer MetLife India has decided to expand its network in coming times. It would recruit about 2,000 managers and 30,000 advisors in line with its growth strategy. Its board of directors has already approved to infuse Rs 100 crore of additional equity capital into the company.

Besides, it would also open new branches across major towns to ensure the success of existing and new products of the company. Interestingly, leading companies are adopting large scale lay-offs following the global financial crisis.

Beverages and snack foods major, PepsiCo, would continue its expansion in India, irrespective of global financial crisis and slowdown in industry. The company has recently decided to invest $500 million in India in next three years.

PepsiCo India Chairman, Sanjeev Chadha ruled out slowdown in FMCG sector and said that only banking and insurance sector is widely hit by financial crisis. He was speaking to the reporters in the side lines of function of World Economic Forum (WEF). He was recently elected as head of beverages and food industry of Indian region.