Corporate/General News
Azim Premji pledges more contribution to philanthropy!
Air Asia and Tatas form a new Joint Venture!
Posco India
is to get 1554 acres from Odisha government for setting up a mega steel plant
in Jagatsinghpur district. The government has already handed over 546 acres and
very soon this additional 1554 acres will be given to the company.
Export of
agri-seeds from the country is likely to be doubled to Rs.1000crores in the
next 2-3 years, because, as many as 38 varieties from the country have been
registered in the OECD list, NSA said.
There is a
possibility of an early polls this year, feels M.Venkaiah Naidu, senior BJP
leader. He says, “Congress- led UPA government was seriously thinking of going
for an early election after presenting a pro-people budget so that it can fetch
votes”.
“To tackle
the hard technology problems facing business today”, Infosys Limited and
Australia’s premier ICT research organization NICTA have signed a joint
collaboration agreement. The potential outcome of the collaboration, the
companies feel, could see ageing technology systems readily modernized for the
cloud. “Logistics department could find faster and greener transport routes”
they feel.
Petrol and
diesel prices have been hiked by Rs.1.50 per litre and 45 paise per litre
respectively.
With a view
to pacify the lenders of Kingfisher Airlines, the parent company UB Group has
said that it would find an early solution to the financial mess of the
Airlines.
The India
Australia series looks to turn out to be a money spinner for broadcaster ‘Star
Sports’. It has been able to rope in top advertisers including Hero Motor Corp.
It may be recalled that Hero Motor Corp has recently decided to sever the
relationship with IPL and Mumbai Indians.
Ford India
has launched a new variant of its sport utility vehicle “Endeavour”, which is
priced at Rs.23.2 lakhs ex-showroom, New Delhi. This launch comes when the company
is trying to increase its reach in the country to boost sales. The company has
also announced its association with National Geographic Channel for a 5-part
series featuring 5 celebrities and the latest variant “Endeavour Alterrain”.
Wipro
Chairman Azim Premji has pledged to contribute more of his wealth to
philanthropic activities. This will be through the Azim Premji Foundation. The
exact amount he is going to contribute has not been specified. However, it may
be recalled that in the year 2010, he donated around $2 billion representing
8.7% of the total stock of Wipro from his personal holding for philanthropy.
Unilever, a
major FMCG, is to set up a deodorant manufacturing plant in Khamgaon,
Maharashtra. For this purpose, the company is proposing to invest Rs.360 crores.
Air Asia and
Tatas join to form a new venture. And it is reported that Chennai will house
the headquarters of the joint venture.
