BHEL to add capacity with Rs3,200 crore investment
New Delhi: Bharat Heavy Electricals plans to invest Rs3,200 crore in the 11th Five-Year Plan to increase its manufacturing capacity from the current 6,000 MW to 15,000 MW per annum. By the end of the current fiscal the company would spend Rs1,200 crore to add capacity to 10,000 MW.

BHEL said it would meet funding requirements through internal accruals and resources raised from the market.

The enhanced capacity together with super critical technology and skilled workforce would further strengthen the company's position in the domestic market.

The company said the installed capacity base in the country was expected to increase by 1,50,000 MW by the end of 12th Plan and it expected the enhanced capacity would meet the immediate power equipment demand for the 11th Plan.
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Voltas Q4 net up five-times
Mumbai: Voltas' Q4 net profit has risen five-times to Rs119.90 crore (Rs23.73 crore) following improved performance by the electromechanical, engineering and cooling divisions. Net sales rose 38 per cent to Rs730 crore (Rs530 crore).

For the year ended March, net profit rose 163.98 per cent to Rs186.08 crore (Rs70.49 crore), while net sales rose 29.53 per cent to Rs2,400.55 crore (Rs1,853.14 crore).

The company said the growth was due to the rise in the number of multiplexes and rising demand from airports and hospitals.

In the electromechanical projects and services segment, the company bagged some international orders, including from the Bahrain City Centre and the Interim Doha Convention Centre, Qatar.
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Reliance launches colour handsets priced at Rs1,234
New Delhi: Reliance Communications has launched colour mobile handsets priced at Rs1,234 each. Before this the company had launched black & white handsets for Rs777 again the cheapest in that category, which are said to have sold one million units in just one week.

Colour handsets account for over 65 per cent of the market. Currently, the cheapest colour handset is available at Rs1,500. The Reliance handset has been launched under its Classic brand.

The company had earlier entered into a tie-up with Chinese handset manufacturer, ZTE, for supplying the entry-level handsets.

Reliance phones come with a `SMS on Call reject feature,' which automatically sends the caller an SMS (user-definable) informing that you are unable to take the call. The Classic range of handsets are also available off the shelf but can be used only with a Reliance mobile connection. Nokia recently launched seven new handsets aimed at the entry-level market of which the lowest priced colour handset is priced at Rs2,200.
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Cadila Healthcare acquires Ambalal Sarabhai's stake in JV
Mumbai: Pharmaceutical company Cadila Healthcare will acquire Ambalal Sarabhai Enterprises' 50 per cent stake in their joint venture firm Sarabhai Zydus Animal Health. This turns the joint venture firm into Cadila's 100 per cent subsidiary, the latter informed the BSE. The details of the deal were not disclosed.

Sarabhai Zydus Animal Health is a leading animal healthcare in the country marketing a wide range of therapies and has a strong presence in the livestock, poultry and allied animal business. With 250 employees, the joint venture company has a countrywide marketing network and also has alliances with Abic, a Teva group company and Lillydale of UK.
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Tech Mahindra, Sun Micro announce alliance for IPTV
Pune: Tech Mahindra and IT infrastructure major Sun Microsystems have announced a strategic alliance to provide systems and software for internet protocol television (IPTV) services to customers in India and Asia Pacific markets.

The two companies will set up a technology lab within Tech Mahindra's facilities in Pune where they will jointly develop solutions for service providers such as telecom operators or cable TV operators to make their services interative and adaptable to a muiltitude of entertainment, commercial and education applications.

The alliance comes in the wake of the announcement of Sun Streaming System - the industrys' first scalable video dellivery platform which enables cable and telecommunication service operators to offer new video-based services and personalised video streams. These capabilities of the Sun platform will be enhanced by Tech Mahindra's capabilities in systems integration as well as content management software development and billing systems.
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Elecon Engg gets order worth Rs24 crore from ACC-Ambuja Cement
Mumbai: Elecon Engineering Company Material Handling Equipment (MHE) division has signed up with ACC-Ambuja Cement for supplying five sets of broad/metre gauge wagon tipplers along with side arm charger and apron feeder. The order is worth Rs24-crore.

Elecon recently bagged Rs237 crore orders from NTPC Ltd and the Indian Navy.
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Welspun-Gujarat Q4 net more than doubles
Mumbai: Textile major Welspun-Gujarat Stahl Rohren has posted a more than two fold increase in net profit at Rs41.5 crore for the fourth quarter ended March 2007 as compared to Rs19.5 crore for the same quarter last year.

The company's total income (net of excise) grew 13.47 per cent to Rs731.1 crore for the quarter from Rs644.3 crore in the same quarter a year ago, Welspun-Gujarat informed the BSE.

The board of directors at its meeting today declared a dividend of 20 per cent on fully-paid equity shares of Rs5 each.

For the year ended March 2007, the company reported a profit after tax of Rs142.6 crore as against Rs61.3 crore during previous year. Its total income rose to Rs2,682.8 crore from Rs1,831.7 crore.
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RPG Transmission Q4 net up three times
New Delhi: RPG group company, RPG Transmissions has reported a more than three-fold jump in its net profit for the quarter ended March 31 at Rs10 crore as against Rs2.85 crore in the corresponding quarter of previous fiscal.

The company's revenue in the quarter under review stood at Rs101 crore, RPG said in a statement.

For the fiscal year ended March 31, the company's net profit grew over two-fold at Rs26 crore as against Rs10.27 crore in the previous fiscal, the statement said.

RPGs revenues in the year were up 57 per cent at Rs373 crore compared to Rs237.57 crore in last year.
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MonsterIndia.com rated as best job site
New Delhi: Job site MonsterIndia.com has been rated as the best job site for its technology, design, usability and content by PC World magazine.

The magazine said MonsterIndia.com had one of the best search tools using a single search box with a well-integrated and organised registration and application process, a clutter free homepage that was pleasing to the eye and easy to use.

PC World Web Award 2007 recognises the best Indian websites across 20 leading website categories, MonsterIndia.com said in a statement.
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Carlsberg acquires HP brewery
New Delhi: Danish beer major Carlsberg through its joint venture partner, South Asia Breweries, has acquired a brewery in Himachal Pradesh as part of its growth movements in India. The financial details of the acquisition were not revealed.

Carlson holds 45 per cent stake in south Asia Breweries.

A group of investors led by Carlsberg's partner in Sri Lanka, Lion Brewery Ceylon Ltd, holds another 45 per cent stake in its India joint venture. The remaining 10 per cent in the joint venture is held by Industrialisation Fund for Developing Countries.

The acquired brewery has a capacity of 1,50,000 hectolitres and would be operational shortly, the company said. It added that it would manufacture Carlsberg various beer brands.
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Infosys, TV18 to set up MPO firm
New Delhi: Infosys BPO is launching an outsourcing firm Source 18 to provide services to media and entertainment companies globally, in collaboration with TV18 Group.

The proposed entity will offer services including digital archiving and metatagging, re-purposing content, work flow charting, re-editing, transcoding, quality control as well as media process outsourcing.

As per the strategic alliance, Infosys BPO would provide process and technological support while TV 18 would bring in domain knowledge and expertise to the new firm.

Source 18 would utilise the services of Tangerine Digital Entertainment, a company specialised in content re-purposing and media outsourcing, for part execution of the contracts.

National Geographic Channel International has already signed up the firm for repurposing its archived and current content.
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TDSAT wants details of global roaming pacts
New Delhi: TDSAT wants private telecom operators to submit documents regarding agreements made on sharing of revenue on international roaming calls.

TDSAT was hearing a cross-appeal filed by BSNL and Cellular Operators Association of India (COAI) against telecom regulator Trai over revenue sharing on roaming calls.

BSNL, which is seeking a higher booty on international calls, is opposing Trai's regulation on roaming calls saying that telecom firms are charging more than Rs100 per minute for international roaming using its network and should according pay BSNL extra charges.

Opposing Trai regulation on roaming, which gives it only 30 paisa per minute, the state-run telecom giant argued the regulator had no right to intervene in the interconnect agreements signed by it with private operators.

BSNL contended in a previous ruling that TDSAT had directed the regulator not to supervise the interconnect agreements as it was on mutually negotiated terms and conditions.
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