Year: 2007

Visesh Infotecnics is declared has a winner in the Deloitte Technology Fast 50 India 2007 program a ranking of the 50 fastest growing technology companies in India. This was announced during the Deloitte Technology Fast 50 India 2007 ceremony held at Taj Mahal Hotel & Resorts, Mumbai on 22 November 2007.

Sical Logistics has received approval from the Government for investment to be made by Old Lane Mauritius IV , an investment vehicle of Old Lane India Opportunities Funds (Old Lane). It is aimed to fund the growing infrastructure business of the company and Sical’s newly formed subsidiary Sical Infra Assets.

Old Lane Mauritius IV will be issued compulsorily convertible debentures (CCDs) worth $26 million in Sical Infra, which will subsequently be converted into equity shares of Sical Infra.

Sical Infra was formed to house Sical Logistics’s asset-heavy, capital-intensive, longer gestation infrastructure based businesses like the road and rail terminals at Nagpur, Sical iron ore terminal at Ennore, the container rail project, the container terminals at Tuticorin and Chennai in joint venture with PSA Singapore as well as Sical Distriparks.

Wipro Technologies, the global IT services vertical of the company has informed us that it has been recognized for the second time as a winner of the 2007 global MAKE award and was ranked first in the information technology sector in creating an environment for collaborative knowledge sharing and creating a learning organization categories, thereby delivering value based on customer knowledge MAKE stands for most admired knowledge enterprises and the awards were established in 1998.

The MAKE Winners are chosen by a panel of fortune 500 business executives and leading knowledge management and intellectual capital experts after an initial short-listing based on nominations by the panel. The global MAKE study recognizes organizations which are world leaders in creating shareholder wealth by transforming new as well as existing enterprise knowledge and intellectual capital into superior products / services / solutions.

Wipro Technologies has also won the 2007 Asian MAKE award, fifth time in a row, which was presented in a glittering ceremony in the world knowledge forum held at Seoul, South Korea. In addition, Wipro Technologies also received the 2007 Indian MAKE award third time in a row in KM India 2007.

GMR Infrastructure has announced that GMR Energy, the company’s 100% subsidiary company had entered into a share purchase and joint venture agreement to acquire 80% stake of Himtal Hydro Power Co. Himtal have subsisting survey licence issued by the department of electricity development, Government of Nepal for undertaking the feasibility study and environmental impact assessment study for setting up a 250 MW upper Marsyangdi — 2, hydro power project, located in upper Marsyangdi, Nepal.