·
Government de-licenses use of
very low frequency bands
Government de-licenses
use of very low frequency bands for the automotive sector; positive for Maruti
Suzuki. The government has de-licensed some very low frequency bands for use to
the automotive sector. These bands are used for next generation safety systems
like blind spot monitoring, adaptive cruise control and lane departure
warnings.The move will immediately benefit automakers in exports to developed
markets wherein these systems are currently used and could not be tested in
India due to the restrictions.
·
Bharti Airtel partners with
Liquid Telecom to provide faster internet
Bharti Airtel
partners with Liquid Telecom to provide faster internet speeds using the Liquid
Telecom’s 20,000 long terrestrial fibre networks.
·
HCL Tech launches a Digital
Service Exchange platform
HCL Technologies
announced the launch of a new Digital Service Exchange platform enabled by
Service Now software. This platform provides Service Integration and Management
( SIAM) capabilities to enterprises allowing them to request and receive
business services efficiently across their organizations. This offering
combines Service Now's industry-leading service management platform with HCL's
expertise in enterprise service management process design, process and
technology integration and organizational change enabling a united service
experience.
·
MindTree Ltd allots 3,124
equity shares under ESOPs
MindTree Ltd has
informed regarding 'Allotment of 3,124 Equity Shares of Rs.10/- each, under
Employee Stock Option Plan 2001 (Program 2) and 1,771 Equity Shares of Rs.10/-
each under Mindtree Employee Restricted Stock Purchase Plan 2012 (Program 8) on
September 24, 2015'
·
Suzlon bags contracts to supply
105 MW wind turbines
Suzlon has bagged
contracts to supply 105 MW (50 turbines of 2.1 MW each) wind turbines in
projects located across Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh and
Tamil Nadu.
·
Balmer Lawrie plans capex of
Rs400 crore
Balmer Lawrie in
Its AGM announced a capex plan of Rs400 crore for the next three years. The
mini-ratna company will also infuse another Rs100 crore for further expansion
and modernisation of its ongoing activities. All these will go to help the
company double its turnover to Rs 3,000 crore over the next five
years.
·
RECL inks MoU with for
extending financial assistance
Rural
Electrification Corporation Ltd (RECL) has announced that the company has on
September 23, 2015 signed Memorandum of Understanding ( MoU) with Andhra
Pradesh Power Generation Corporation and Transmission Corporation of Andhra
Pradesh, for extending financial assistance to: 1. Andhra Pradesh Power
Generation Corporation (APGENCO) of Rs3,000 crore for the proposed 500 MW Solar
Power Generation Project in Anantapur District of Andhra Pradesh; and 2.
Transmission Corporation of Andhra Pradesh (APTRANSCO) of Rs6,000 crore for
various Transmission & System improvement projects coming up in the Capital
region of Andhra Pradesh.
