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Thursday, 18 January 2018

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Capitalstars Updates: Top Corporate News :- 18 Jan 2018

Capitalstars Updates:  Top Corporate News

Top Headlines Of The Day:- 18 Jan 2018

L&T Technology Services wins $50 million avionics contract
Dilip Buildcon has been awarded project worth Rs730.08cr by NHAI
Bharat Forge sets up e-mobility R&D center in the UK
Varun Beverages to acquire franchisee rights for Bihar
Tata Consultancy Services expands partnership with Shure

L&T Technology Services wins $50 million avionics contract
L&T Technology Services Ltd (LTTS) has announced that it has won a landmark project worth $50 million spanning over five years from a leading aerospace electronic systems manufacturer. The company added that LTTS has emerged as the winner to be the strategic supplier for the client’s Engineering and R&D (ER&D) pursuits.
Further to the announcement, the company stated aerospace customers are looking for an end to end engineering partners for their new age aviation initiatives and the project with LTTS will result in a transformation of their operations into a managed services model. This model will encapsulate support to both existing products and also for work related to the next-generation in-flight system.

Dilip Buildcon has been awarded project worth Rs730.08cr by NHAI
Dilip Buildcon has been declared lowest bidder (L1) by National Highway Authority of India (NHAI) for an engineering, procurement, and construction road project of length 29.29km in the state of Madhya Pradesh, at a bid price of Rs730.08cr. 
Dilip Buildcon is a Bhopal based road contractor and developer. Starting from 2006, the company gained scale in road EPC as the MP government increased expenditure on road network development. The company progressively diversified from Madhya Pradesh government orders to central and other state government road projects. Roads, highways, and bridges formed 81%, mining formed 16%, urban development formed 2% and irrigation formed 1% of DBL’s Q2FY18 order book.

Bharat Forge sets up e-mobility R&D center in the UK
Bharat Forge, India's largest exporter of auto components, has opened a Research & Development facility in the UK, in MIRA Technology Park, the UK's leading automotive technology park and Enterprise Zone, where it will be developing components & sub-systems focused on Electric Vehicles.
This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune, focused on delivering solutions for Electric Vehicles.

Varun Beverages to acquire franchisee rights for Bihar
Varun Beverages Varun Beverages (VBL) has approved to acquire the franchise rights for PepsiCo India’s previously franchised sub-territory in Bihar, in its board meeting held on January 17, 2017.
Earlier in December, VBL entered into binding agreement to acquire two of PepsiCo India’s franchise - PepsiCo India’s previously franchised sub territory in the state of Jharkhand (20 districts) along with manufacturing units and franchise rights for the state Chhattisgarh.
Post this company will be a franchise for PepsiCo products across 20 states and 2 union territories of India.

Tata Consultancy Services expands partnership with Shure
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced the expansion of a strategic partnership with Shure Incorporated a world-renowned audio equipment manufacturer.
As a part of this collaboration, TCS has established a Global Development Center to help build cross-platform and mobile-enabled software for Shure's leading-edge audio technology and solutions for an exceptional end-user customer experience. TCS already plays an important role in the assurance and end-to-end system integration testing of some of Shure's new product lines, and Shure will now have the capability to leverage TCS' Innovation Labs and expertise in digital technologies including loT and Cyber Security to create secure, scalable, and differentiated audio products and solutions.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


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