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L&T wins orders worth Rs 2,215 crore
Posted on 3rd March 2015
Mumbai: India’s biggest engineering and construction firm Larsen and Toubro Ltd (L&T) on Tuesday said it had won orders worth Rs.2,215 crore across various business segments over the last two months.

The power transmission and distribution business contributed Rs.1,137 crore of new orders, Rs.962 crore of orders went to the buildings and factories unit that includes a repeat order of Rs.732 crore for a commercial project in Oman.

Infosys realigns R&D division
Posted on 3rd March 2015
BENGALURU: Infosys is realigning its R&D arm, Infosys Labs, to bring sharper focus to service lines and support differentiated platforms and solutions.

In the new structure, Infosys Labs will be decentralized to create solutions for its clients cutting across various service lines. The differentiated platforms group within Labs will report to the platforms group head Abdul Razack, while the IP cell will move to the legal team.

Yes Bank to raise $100 million from IFC for green bond, women-owned SMEs
Posted on 2nd March 2015
Yes Bank is planning to raise around $100 million from International Finance Corporation (IFC), a project report issued by IFC revealed. The investment by World Bank's investment arm comprises $50 million for a so-called Green Bond and an equal amount for the financing line for women-owned small and medium enterprises (SMEs), the IFC’s project disclosure report said.

This will be the first emerging market Green Bond investment by IFC, the proceeds of which will be lent to eligible climate change finance projects mainly in the renewable energy sector.

Bajaj Auto motorcycle sales fall 21% in February
Posted on 2nd March 2015
Bajaj Auto today reported a 21% decline in motorcycle sales at 2,16,077 units in February 2015.

The company had sold 2,73,323 units in the year ago period.

M&M recovery hinges on new product launches
Posted on 2nd March 2015
Slowing sales of Mahindra & Mahindra for its key product categories of utility vehicles and tractors is expected to continue over the near term due to a slowing rural economy and lack of new products.

While sales volumes for tractors was down 24% year on year in the December quarter, the company sales in the UV segment were 11% lower.

Tata Motors' sales up 10.7% in February
Posted on 2nd March 2015
Tata Motors today reported 10.69 per cent increase in total sales at 44,225 units in February, as against 39,951 units in the same month last year.

Domestic sales of Tata commercial and passenger vehicles grew by 14.15 per cent at 40,314 units as compared to 35,315 units in February 2014, Tata Motors said in a BSE filing.

Infosys inks 5-year deal with Dutch firm TNT
Posted on 2nd March 2015
India's second largest software services firm Infosys has signed a five-year agreement with global express delivery company TNT to help it simplify and transform technology applications.

As part of its turnaround and transformation strategy called 'Outlook', TNT is overhauling its IT capability to reduce complexity and cost and increase flexibility.

Ashok Leyland Feb sales up 36 % at 10,762 units
Posted on 2nd March 2015
Hinduja Group flagship company Ashok Leyland today reported a 36% jump in total sales at 10,762 units for February, 2015, as against 7,915 units in the same month last year.

Sales for its heavy and medium commercial vehicles increased by 48% at 8,230 units in February as against 5,576 units in the year-ago period, the company said in a filing to the BSE.

Don't operate flights with contract pilots, Air India union tells members
Posted on 2nd March 2015
An Air India pilots union has directed its members not to operate flights with commanders which the airline proposes to hire on contract.

The Indian Commercial Pilots Association which represents pilots on narrow body Airbus A320 fleet also has asked the management to withdraw the recruitment advertisement. Last week the airline announced it will hire 197 pilots including commanders and senior trainee pilots for its Airbus A320 fleet.

Wipro partners World Economic Forum for quantifying cyber risk
Posted on 2nd March 2015
Country’s third largest software services firm Wipro has partnered with the World Economic Forum (WEF) to develop a cyber value-at-risk (VAR) framework that will allow organisations to assess threat landscape, the nature of assets needed protection and quality of defences.

As per the Forum’s estimates, if the sophistication of attacks keeps ahead of defensive capabilities, the resultant new cyber regulations and restrictive policies could hurt innovation by about $3 trillion by 2020.

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