Siemens will supply state-of-the-art signaling technology for the first two metro lines of the Nagpur Metro -- the North-South and the East-West Corridors. Siemens and Siemens Rail Automation S.A.U Spain have jointly won signaling order from Nagpur Metro Rail Corporation (NMRCL) worth Rs 287 crore, out of which Siemens’ share is Rs 146 crore (all inclusive). The project comprises the deployment and installation of the Siemens communications-based train control (CBTC) solution Trainguard MT for 38.2 kilometers of double track with 36 stations and two depots, as well as onboard equipment for 23 three-cars trains.
Karnataka Bank has entered into a Memorandum of Understanding (MoU) with Daimler India Commercial Vehicles (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by the company. Following this, DICV has nominated Karnataka Bank as preferred financier for extending finance to purchase of commercial vehicles. DICV is one of the leading manufacturing Companies of commercial vehicles in India with a Pan-India presence.
Firstobject Technologies has received an order from Andhra Pradesh Residential Educational Institutions Society (APREIS) to implement AP State Board content in its 50 Institutions. The company has to implement AP State Board English Medium digital content for classes V-X in its Institutions. The selection committee consisting of subject matter experts thoroughly evaluated the products and finalized the company for providing digital content.
ISGEC Heavy Engineering has signed a Collaboration and Technology Transfer Agreement with Babcock Power Environmental Inc., a Delaware (USA) Corporation having a principal place of business at 5 Neponset Street, Worcester, MA 01605, for design and manufacture of Wet Flue Gas Desulphurization system and equipments. The company had earlier signed license agreement with Riley Power Inc., USA, a company of Babcock group, for transfer of technology to design and sell process fired heaters.
Rural Electrification Corporation (REC) has entered into Memorandums of Understanding (MoU) with Jharkhand Bijli Vitran Nigam (JBVNL) and Jharkhand Urja Sancharan Nigam (JUSNL) for extending financial assistance to the tune of Rs 15,150 crore; i.e. financial assistance up to Rs 8,150 crore to JBVNL and up to Rs 7,000 crore to JUSNL.
Orient Paper & Industries has reported the operational performance of Paper Division of the company for the month of November, 2016. The production of Paper stood at 6987 million tonnes (MT), Export Sales stood at 1200 MT and Domestic Sales stood at 5676 MT. The company had earlier reported the operational performance of Paper Division of the company for the month of October, 2016. The production of Paper stood at 6,708 MT, Export Sales stood at 656 MT and Domestic Sales stood at 5,073 MT.
TVS Motor Company has launched two new exciting colours -- Metallic Orange and T-Grey for its popular scooter, TVS WEGO. The refreshed WEGO models now get a BSIV compliant 110 cc CVTI engine and additional features like a dual tone seat cover, silver oak panels and a USB charging port. The two new colours will be offered across the entire TVS WEGO product range. The refreshed range of TVS WEGO will be available at select showrooms across the country and is priced at Rs 50,434 (Ex-Showroom Delhi).
Bharti Airtel, a leading global telecommunications company, has added 3.5 million users in January 2017. Following this, the company’s total customer base has increased to 269.4 million with market share of 33.05%.
Idea Cellular, one of the biggest cellular carrier of the country, has added 1.54 million new mobile subscribers in January 2017. Following this, the company’s total customer base has increased to 192.06 million with market share of 23.56%.