Etisalat DB Telecom is outsourcing the implementation of its information technology applications to Tech Mahindra. The deal, valued at $400 million (about Rs 2,000 crore), is spread over 10 years.
Infrastructure firm IL&FS Financial Services Limited has offered to buy 13.25 million equity shares (22.51%) of paid-up capital in Maytas Infra Limited at Rs 112.80 rupees a share.
Imagine traveling in an air conditioned train and paying Rs. 299 and Rs. 399 for distances up to 1500km and 2500km.
Kamat Hotels India Ltd (KHIL) plans to add 600 additional rooms under its brand ‘The Orchid' all over India.
After the success of the Tata Nano, Tata Housing, a subsidiary of Tata Sons, said, on May 6, 2009, that it plans to offer low-cost houses, at affordable prices.
Reliance Infrastructure in syndicate with Y Auxiliar De Ferrocarriles, S A (CAF) of Spain inked financial agreements for long term loans with different financial institutions including lead manager Axis Bank in Delhi for their next project, Delhi Airport Metro Express Pvt. Ltd. (DAMEPL), a Special Purpose Vehicle (SPV).
GMR Hyderabad International Airport Limited (GHIAL) and the Rajiv Gandhi International Airport have been awarded an ISO 27001:2005 (Information Security Management System) certification by the auditors of BSI (British Standards Institute).
With the Chennai Metro Rail project receiving a green signal from the Cabinet Committee on Economic Affairs of the Union Government in a meeting headed by India's external affair minister Pranab Mukherjee on 28 Jan 2009, the commuters in Chennai can now breathe a sigh of relief.
Bharat Hotels, India’s leading private hotels company, has changed its brand name to The Lalit, in memory of the group’s founder, the late Lalit Suri.
The government has flagged of the proposed Rs 3048 crore-Kochi Metro project, that will be executed on the lines of the Delhi Metro.