MUMBAI: IRB Infrastructure Developers Limited (IRB), (BSE: 532947), one of the largest toll road operating companies in India, has emerged as the Selected Bidder for the project of Four Laning of Goa / Karnataka border to Kundapur section of NH-17 from Km 93.700 to Km 283.300 in the State of Karnataka under NHDP Phase IV on Design, Build, Finance, Operate and Transfer (Toll) DBFOT basis.
Key highlights of the project:
0px; font-family: 'Times New Roman'; font-size: medium; text-align: justify; ">•Project is on DBFOT pattern.
•The estimated project cost of the company is approximately Rs. 2,400 crore.
•Concession period is 28 years.
•Construction period is 910 Days.
•IRB has sought Rs. 536.22 crore as Viability Gap Funding from NHAI.
V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd., said, “With this project, our Order Book has now reached to Rs. 10,185 crore out of which Rs. 8,145 crore is construction order book to be executed in 3-4 years. This provides us with a good visibility for the next couple of years.”
Aventis Pharma Limited renamed 'Sanofi India Limited'
PANJIM: Sanofi Group's listed entity in India announced that the Registrar of Companies had approved the company's change of name from Aventis Pharma Limited to 'Sanofi India Limited', with effect from May 11, 2012. The Shareholders of the company had earlier approved the name change at the Annual General Meeting held on May 3, 2012.
The decision to change the name of the Group's listed entity in India comes a year after the name of the parent company was changed globally from ‘Sanofi-aventis’ to ‘Sanofi’ in May 2011.
Jet Airways, HDFC Bank launch co-branded credit cards
PANJIM: Jet Airways - JetPrivilege, India's largest and Freddie's award winning frequent flyer programme, has partnered with HDFC Bank, India's second largest private sector bank to launch 'JetPrivilege-HDFC Bank Credit Card', an exclusive range of Credit Cards offering unique benefits and rewards in the form of JPMiles.
JetPrivilege-HDFC Bank co-branded credit cards will offer enhanced mileage earning opportunities to customers across many cities in India. The co-brand credit cards will promote increase in card usage, intending to make air travel more affordable and rewarding for cardholders. The partnership brings together the combined experience of HDFC Bank's understanding of the end-users, attained by being the leading player in the credit card segment and Jet Airways, who manage one of the most successful frequent flyer programmes.
The JetPrivilege-HDFC Bank Credit Card with its World, Platinum and Titanium variants will be offered on the MasterCard network platform allowing customers access to benefits across the world. JetPrivilege-HDFC Bank World Credit Card, being the premium variant, will entitle the cardholders to enjoy a wide bouquet of lifestyle benefits, including 6 JPMiles for every Rs. 150 spent and another 10,000 JPMiles within the first 90 days.
MTS launches Independence Special offer
PANJIM: Sistema Shyam TeleServices Limited (SSTL) that nationally operates its telecom services under the MTS brand with over 16 million wireless customers today launched a Special Recharge Voucher of Rs. 68 for its voice customers to celebrate the spirit of Independence Day. The special voucher will offer talk time worth Rs. 75 along with 68 free SMS to all networks.
The offer is valid till August 31, 2012 and will be available through a network of 1000 exclusive MTS Retail stores.
Emami Q1FY13 turnover, EBITDA grows by 14.1% and 14.0%
PANJIM: The Board of Directors of Emami Limited met on Wednesday, August 8, 2012 to consider un-audited financial results of the company for the quarter ended June 30, 2012.
While consolidated turnover at Rs. 339crores in the first quarter grew by14.1%, consolidated EBITDA at Rs.46 crore grew by14.0% over the corresponding quarter in the previous year.
The quarter witnessed a good summer season and as a result our summer Brands performed exceptionally well leading to a growth of 22.2% in our domestic business.
Thumbs Up and 'Ek Tha Tiger' - A ‘Toofani’ association
PANJIM: Taking the philosophy of 'Aaj Kuch Toofani Kartey Hain' to the next level, India's soft drink brand, Thumbs Up is tying up with Indian superstar, Salman Khan's upcoming movie 'Ek Tha Tiger', due to release on August 15, 2012.
The association will be amplified through a 30 sec TVC across key channels and a 60 sec TVC across key cinemas (DT and INOX) in India. The association is also layered with a special consumer promotion across 10 cities. The consumers have the opportunity to win movie tickets to 'Ek Tha Tiger' and/or stand a chance to win the grand prize, a scarf autographed by actor Salman Khan.
To participate in the promotion, consumers need to SMS "THUNDER <space> City Name" to 530305 and 10 lucky winners everyday (Till August13) will get to win two tickets for the movie.
Bharti Airtel crosses 200 mn customer milestone
PUNE: Bharti Airtel, a leading global telecommunications services provider with operations in over 20 countries across Asia and Africa, today announced that it has crossed the 200 million customer mark in India.
The 200 million customer mark in India includes Bharti Airtel customers across categories of 2G, 3G and 4G mobile; fixed line and DSL broadband, IPTV and DTH services. The company also offers a wide range of managed services for its enterprise, government and carrier customers.
Bisleri launches Vedica natural Himalayan mountain water
PANJIM: Bisleri, a brand that pioneered the concept of mineral water, today re–launched its newest product - Vedica natural mountain water from the Himalayas.
Vedica natural spring water comes in all its untouched purity, right from its source in the Himalayas. It is alkaline and thus helps to neutralize acids and remove toxins from the body.
Acer’s Stand by your Nation campaign maintains momentum
BANGALORE: Acer’s nationwide campaign, Stand up for the Olympics by standing up for the National Anthem urged consumers to encourage athletes by creating a simple video where they are standing up for the national anthem. For every registration, Acer will make a significant contribution towards the welfare of Indian Olympic contingent.
Acer maintained the momentum of its campaign through multiple initiative roll-outs in 90 cities across the country. From engaging with college students through road shows in the west, to engagement program with school children in the north, the company reached out to a multitude of audiences. In the south, the company also initiated activities to engage with residents of townships that instilled a sense of excitement amongst the audiences.
Bosch Packaging Technology India opens Verna manufacturing facility
Bosch Packaging Technology Indiinauguration of its new manufacturing facility at Verna, Goa andpresided over by Manohor Parrikar, Chief Minister and Mahadev Naik, Minister of Industries, in the presence of V K Viswanathan, Managing Director of Bosch Ltd. and President, Bosch Group in India and Friedbert Klefenz, President, Bosch Packaging Technology, Germany.
PANJIM: Bosch Packaging Technology India today announced the inauguration of its new manufacturing facility at Verna, Goa. Built on 33,000 sq. meters of land, the plant was officially inaugurated at an event presided over by Manohar Parrikar, the Honourable Chief Minister of Goa and Mahadev Naik, Honourable Minister of Industries, Goa in the presence of V K Viswanathan, Managing Director of Bosch Ltd. and President, Bosch Group in India and Friedbert Klefenz, President, Bosch Packaging Technology, Germany.
Built with an investment of Rs. 34 crore, the new plant will fulfil capacity expansion and meet the increasing demand of India’s fast growing packaging market as well as international markets. With the state-of-the-art technology, the new plant will aim at increased localization of new packaging machine production and make world class German technology affordable and available to the Indian market. Equipped with latest testing infrastructure, the new facility has sophisticated test rooms and equipments which can be used to test packaging products and product parts. There is also a facility for internal and external training where customers can familiarize themselves with operation and maintenance of packaging machines.
