Textile major Alok Industries has decided to raise Rs 450 crore through rights issue.

In a filing, the company informed that the board of directors have approved to increase in the size of the proposed rights issue to Rs 450 crore from Rs 300 crore earlier.

Last year in October, the board had approved a rights issue of equity shares or convertible instruments, up to Rs 300 crore.

As a part of the nationwide roll out of its GSM services, Anil Ambani-led Reliance Communications has finally launched its GSM Services in Mumbai.

With the latest move, Reliance Communications has became the first private CDMA service provider in India to provide GSM services.

It may be noted that few days earlier, the company had announced the launch of its GSM services across 11,000 towns in the country.

Hyderabad-based company IVRCL Infrastructures & Projects Ltd has informed that the Buildings & Industrial Structures (B & IS) and Water Divisions of the Company have jointly bagged orders worth Rs 260.46 Crores.

Further, IVRCL quoted in a press release that company’s B&IS Division has picked first order worth Rs 92.51 crore from Bangalore Metro Rail Corporation for the construction of two elevated metro station viz CMH Road and Byappanahalli Station in Reach-I. The project is scheduled to be completed in 22 months.  

Quippo Telecom Infrastructure Ltd (QTIL), a SREI Group subsidiary, has finally acquired a 49 percent stake in Wireless Tata Telecom Infrastructure (WTTL), Tata Teleservices' tower arm.

Under the deal, QTIL will pay Rs 2400 crore to Tatas, and transfer its 5000 towers into WTTI. In addition, QTIL will have management control in the firm.

New Delhi based civil engineering contracting firm, Ahluwalia Contracts Ltd has informed that the company has secured various orders worth Rs 394 crore.

The company has secured first order worth Rs 72.84 crore from Delhi Metro Express for construction of Dwarka Depot including civil, building services and architectural work in New Delhi.

While, the second order, valued at Rs 50 crore has been received from Tata Medical Centre Trust, for construction of general building, finishing and miscellaneous works of Tata Medical Centre, situated at Kolkata.

The third order, which is for construction of D.N.Nagar Depot, Mumbai has been secured from Mumbai Metro One Pvt. Ltd. for Rs 184.09 crore.

Signaling the first flourish of laptop announcements for this week's Consumer Electronics show, Lenovo, having pooled its resources in the quest of thinner and lighter laptops, announced some new models of IdeaPad, aimed at strengthening its consumer line.