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Corporate Briefs

Aditya Birla Retail

Aditya Birla Retail is targeting a revenue of 10-15 per cent from its private label business in the next two to three years and plans to set up 250 supermarket stores by March 2010, company CEO Thomas Varghese said. “Private labels business contributes around 3 per cent to our revenue. We plan to increase it to 10-15 per cent in the next three years,” Varghese said.

BOC profit

BOC India Ltd has reported a gross turnover of Rs 571.66 crore for the year ended December 2008. The profit before tax for the year at Rs 107.80 crore includes interest income of Rs 23.72 crore on surplus cash from preferential issue parked in fixed deposits of banks and exceptional income totalling Rs 24.57 crore. The profit after tax stood at Rs 80.04 crore.

Huawei launch

Huawei Technologies has unveiled products from its IPTime solution portfolio at the GSMA Mobile World Congress 2009. The IPTime solution removes bandwidth bottlenecks in mobile broadband services to enable operators to implement end-to-end IP mobile transport effectively.

Gayatri orders

Gayatri Projects Ltd has bagged two orders worth Rs 2,132 crore from the Andhra Pradesh government for construction-related works.

SPML project

Subhash Projects and Marketing Ltd (SPML) has bagged the Rithala sewage treatment plant project worth Rs 77 crore from the Delhi Jal Board.

ZTE Corp

ZTE Corporation has entered into an agreement with Europe’s T-Mobile to implement joint projects. The agreement covers handsets and data card devices for mobile applications.

Bata stores

Bata India Limited will open 40 retail stores in the first quarter of 2009. These stores will be based on the international format and have an average size of 3,000 square feet.

Suzlon Energy

Suzlon Energy has set up the first wind farm site to utilise solar energy for power site operations at Adwadi in Nasik.

Geojit arm

Geojit Financial Services has launched its property services division, managing director C.J. George said.

Nebula range

Titan’s Nebula range has introduced the Calligraphy collection. The watches are studded with diamonds and are priced between Rs 65,000 and Rs 95,000.

Panasonic ACs

Panasonic will launch three AC models based on eco-friendly technology. The new ACs will be priced between Rs 21,900 and Rs 55,500.


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