Wipro, a leading global information technology, consulting and business process Services Company, has customized its Digital-TV (DTV) Middleware Solution, which facilitates In-Car TV reception systems, for the Japanese automotive market. Wipro’s DTV Middleware offering provides a turnkey solution for global Original Equipment Manufacturers (OEMs) of automotive infotainment systems to enable broadcast TV reception within vehicles. This solution has been optimized for auto-grade hardware platforms. It is fully compatible with QNX, Linux, and Android ecosystems, ensuring compliance with the latest Digital TV specifications for the Japan market.
Power Mech Projects has received a Letter of Intent/Work Order for the projects worth Rs 475.86 crore. The first order is for supply and services contract for Electrification works of Hoshangabad & Harda District of Bhopal region of MPMKVVCL, Bhopal in Madhya Pradesh under Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for a total contract price of Rs 78.18 crore for a period of 24 months. The second order is for construction of Civil, Architectural and Structural works for 1x800 MW, North Chennai TPS Stage-III , Thiruvallur District, Tamil Nadu for a total contract price of Rs 246.51 crore for a period of 36 months.
Precision Camshafts has bagged a global contract from General Motors for the delivery of circa 6 million fully finished camshafts over the life of the programme, which is expected to commence supplies from 2018-19. The aggregate value of this programme over its life time is estimated to be Rs 580 crore. Initially the camshafts are to be supplied to the Brazilian market followed by shipments to other regions of the world. This will allow the company to pursue its strategy of Globalization with the intended set up of a manufacturing location in Brazil to meet the above contract requirements. It also supports the company's focus in manufacturing and supplying higher value add components and elevates its position from a regional player to become a partner for the support of Global OEM platforms.
Havells India has unveiled its revolutionary range of fans to cater to today’s contemporary homes. The company unveiled India’s first fan with 8 blades ‘Octet’ with maximum air delivery; ‘Futuro’ India’s 1st smart Bluetooth technology enabled smart fan, which can be controlled by any iOS or Android Smart phone and ‘Efficiencia’, a BLDC technology fan which is 57 % more energy efficient than a conventional fan and consumes only 32 Watt, with unique Dusto‐phobic metallic paint finish that ensures less dust accumulation & ease of cleaning. Apart from this, the company launched two other variants of aesthetically crafted and technologically advanced, fans namely ‘Urbane’ & ‘Enticer Art’ that have been designed to perfection and aesthetically created for the discerning consumers for their contemporary homes.
Housing finance firm CanFin Homes’ promoter Canara Bank will divest up to 13.45 percent stake in the company by the end of next month. Canara Bank has intimated RBI about their proposal to dilute their stake to 30 percent by March 31, 2017. Canara Bank has empanelled merchant/investment bankers for sourcing prospective investors and the last date for submission of bid by prospective investors is March 1. In December last year, Canara Bank had proposed to bring down the stake in its housing finance subsidiary CanFin Homes to 30 percent as part of its strategy to exit non-core businesses.
Oricon Enterprises’ wholly owned subsidiary - Oriental Containers has completed expansion of its Plastic Closures manufacturing capacity at a cost of Rs 35 crore at MIDC, Murbad in state of Maharashtra with a capacity of 1.2 billion closures per annum. With this total installed capacity of Plastic Closures is increased to over 8 billion per annum, highest in India.