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Showing posts with label business market news. Show all posts
Showing posts with label business market news. Show all posts
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Wipro is ranked second globally by US Diversity Council
Wipro is currently trading at Rs. 469.00, up by 5.10 points or 1.10% from its previous closing of Rs. 463.90 on the BSE.The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 471.50 and Rs. 464.00 respectively. So far 1,55,202 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 499.90 on 14-Oct-2010 and a 52 week low of Rs. 327.85 on 06-Jul-2010The promoters holding in the company stood at 79.28% while Institutions and Non-Institutions held 9.09% and 9.94% respectively.Wipro’s global IT, Consulting and Outsourcing business - Wipro Technologies has been ranked second in the list of Top 25 US diversity councils, by The Association of Diversity Councils, a practice group of diversity and inclusion consulting and training firm PRISM International, Inc.

Power Grid with KETRACO
Central Transmission Utility - Power Grid Corporation Of India - has inked pact with Kenya Electric Transmission Company (KETRACO) in Nairobi for the development of Power Transmission network in Kenya. The company also signed an agreement for providing training to KETRACO engineers.

Under the agreement, the KETRACO engineers will be provided 10 weeks training by the company under the first phase. While a two months hand on training will be provided by the Indian company in Kenya under the second phase, the third phase will involve 'very specialised' training based on the evaluation reports for the first two phases.

KETRACO is a 100 per cent state-owned corporation with a mandate to design, construct, operate and maintain high voltage electricity transmission infrastructure. The company has been carrying out its responsibilities efficiently in the construction, operation and maintenance of inter-state transmission systems and operation of regional power grids. It has been notified as the Central Transmission Utility (CTU) of the country.

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RCom denies CAG claim of stake in Swan Telecom
Contesting the claim of Comptroller and Auditor General, Anil Ambani group company Reliance Communications on Tuesday said it had no shareholding in Swan Telecom at the time of the grant of licence to it or any time thereafter.
"Our group had no shareholding in Swan Telecom (now Etisalat DB) at the time of grant of licence to them or any time thereafter, and that issue is accordingly not relevant to our company," RCom said in a statement.
Highlighting irregularities in 2G spectrum allocation, the CAG has said that Swan Telecom, one of the companies that got the licence, appeared to act as a "front company" on behalf of Reliance Telecom and doubted the latter's "intention".
Reliance Communications, the company statement said, has always been in full compliance with all applicable laws, rules and regulations, and there has been no violation of our licence conditions at any stage on account of cross-holdings in excess of 10 per cent.

Vedanta to list Zambian arm on LSE(London Stock Exchange)
Vedanta Resources is hoping to raise $1.1 billion from listing its Zambian copper subsidiary on the London Stock Exchange, the firm confirmed on Tuesday.
The company, also listed on the London Stock Exchange, had previously announced that it was looking into a potential listing of Konkola Resources, the holding company of Chingola, Zambia-based KCM in which it holds a 79.4 per cent stake.The proceeds will be used to fund its capital expenditure programme and repay some loans from, and liabilities to the company's shareholders, which include ZCCM Investments, a Euro-Next listed company of the Zambian government.
“We look forward to seeing tremendous growth in the company in the coming years, in what is undoubtedly one of the most attractive commodities and one of the premium destinations for copper production,” Mr Anil Agarwal, chairman of the group, said.

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