HCL inks 5-year deal with US-based Manitowoc
Software services firm HCL Technologies has signed a five-year multi-million dollar deal with US-based The Manitowoc Company to become its global engineering partner for crane operations. Capital goods manufacturer Manitowoc and HCL will also set up a global engineering centre in Pune to support Manitowoc's design centres and accelerate its new product development initiatives in emerging regions like India, China, and Brazil.
Thomas Cook India to raise R200 cr via NCDs
In a BSE filing, Thomas Cook India said it will raise R200 crore through issuing non-convertible debentures (NCDs) on a private placement basis with or without security, a decision that has been approved by the company's board of directors. The NCDs are proposed to be issued in one or more tranches with a 3 to 5 year period.
Lanco to invest Rs.500 cr in Hyderabad mall
Lanco Group plans to construct a shopping mall called The Lanco Hills Mega Mall in Hyderabad, expected to be the largest in South India, at an investment of Rs.500 crore, a company release said. Unlike most other malls in the country that are skewed towards only one format, the Lanco mall will be a destination mall serving all demographics and tastes with the widest range of options in shopping, movies, gaming, entertainment and dining.
Maruti may start work on Gujarat facility next year
Maruti Suzuki (MSL) may start work for its proposed manufacturing facility in Gujarat by early next year, a top official of the country's largest car maker said. The company is also mulling setting up a stock yard in Ahmadabad, said MSL CEO of HR, finance and IT, S Y Siddiqui. Land acquisition for the project is complete, and MLSL expects some initial work to start in early 2013, said Siddiqui.
Thermax bags R503-cr power plant order
Energy and environment management firm Thermax has bagged a R503 crore order from a leading public sector firm to set up a captive power plant for its new 3 million tonnes per annum integrated steel plant in central India. Thermax will design, engineer, construct and commission the project on a turnkey basis. The