Snippets

by praveen
September 22nd, 2007

Titagarh ind. JV with U.S. firms
The Kolkata-based engineering company Titagarh Industries planning to strike a joint venture between Titagarh Wagons, a group company, and two U.S. companies for making a special type of high capacity railway wagons. The project wntails an investment of $35 million. The wagons proposed to be manufactured by the joint venture may be of aluminium.

Arya launches two-way radio product
Arya Omitalk, the joint venture promoted by the Lalbhai and J.M.Baxi groups launched here on Friday its upgraded GPS-linked two-way radio (walky talky) product with the new Mpower sysytem, making travel safer for BPO staffer and enabling transport officers of the companies keep real-time track of all vehicles on the move.

Firestone and TVS from joint venture
Firestone Industrial Products of the U.S. and Sundaram Industries, a member of the TVS group, have announced an alliance to establish a joint venture for manufacturing and marketing air springs in India. Accoeding to a release, the two parners propose to set up a green field facility for manufacture of air springs in Maduri Tamil Nadu. The joint venture plans to have a wide marketing network to cater to OEMs and Indian Railways.

GIC Housing’s festival offer
GIC Housing Finance is offering housing loans from September 15 to September 30 at a special rate of 10.75 percent for all tenures upto Rs.1 crore. According to a release, customers can contact the GICHF office with From No.16, latest pay slip and bank statement to avail spot sanction.

Maersk bags top shipping line award
Maersk Line bagged the top shipping line a of the year award for the third time in a row for handling maximum volume through the Chennai Container Terminal Limited. Maersk Line introduced its MECL2 service in March 2007. This regular weekly direct service from Chennai to the U.S. East Coast has made 27 calls since its launch.

M&M’s Vice-President gets award
Arvind Tawade, Senior Vice-President and CIO, Mahindra and Mahindra, received the ‘CTO of the year 2007′ award for his contribution to the IT industry and Mahindra and mahindra.