BIG Street wins tender for Chandigarh Transport Undertaking

BIG Street, the out-of-home advertising arm of Reliance Broadcast Network, erstwhile Reliance Media World, has won a tender to advertise in 483 buses of the Chandigarh Transport Undertaking.

After executing a two-year tender (2008-10), the company has won the tender again for a period of two years until May 2012. The buses would take BIG Street's reach not only in Chandigarh, but also across Delhi, Jammu & Kashmir, Rajasthan, Himachal Pradesh, Punjab, Uttaranchal and Uttar Pradesh (West) touching over two million people every day.

On Thursday, Reliance Media World shares ended 1.08% down at Rs77 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.14% down at 17,730 points.

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Reliance Industries unit signs agreement with Pioneer Natural Resources to buy 45% interest in Eagle Ford Shale

Reliance Industries (RIL) said its subsidiary, Reliance Eagleford Upstream LP has signed definitive agreements to enter a joint venture with US-based Pioneer Natural Resources Company.

According to the agreement, Reliance will acquire a 45% interest in Pioneer's core Eagle Ford Shale acreage position in two separate transactions. Pioneer and Newpek LLC, Pioneer's current partner in Eagle Ford, will simultaneously convey 45% of their respective interests in Eagle Ford to Reliance Newpek.

Reliance Newpek currently owns around 16% non-operated interest in Pioneer’s core Eagle Ford Shale acreage. Following the transactions, Pioneer will own 46%, Reliance—45% and Newpek—9% of the joint venture interests, respectively.

Reliance will pay $1.315 billion for its implied share of 118,000 net acres.

On Thursday, Reliance Industries shares ended 0.69% down at Rs1,051 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.14% down at 17,730 points.

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FCS Software Solutions wins infrastructure management contract with revenue potential of Rs200 crore over three years

IT consulting and software company, FCS Software Solutions, has said that it has won an infrastructure management contract from a company in the Middle East. The three-year contract has a revenue potential of Rs200 crore.

The scope of work includes data-centre consolidation, commissioning / decommissioning managed services, space optimisation, energy management, network optimisation, capacity planning, 24/7 monitoring, latency management, patches, anti-virus packages, back-ups, archiving and disaster recovery management.

On Thursday, FCS Software shares ended 9.90% up at Rs4 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.14% down at 17,730 points.

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COMMENTS

Alok

6 years ago

This is an request with Moneylife that please publish any such type of news after confirming the authenticity of it. May the Company authority rumoring this for their benefits in share market , so please think into the interest of general public before publishing ...

Mahesh

6 years ago

FCS annoucing fake projects, They are advertising lot on media on the other side main promoter Dalip offloading stock.

Can MOneylife look into it as it famous is exposing dirty side of stock market.

REPLY

ajeya

In Reply to Mahesh 6 years ago

I accept with Mahesh. FCS announces lot of things but nothing actually happening. May be two months ago FCS gave a full page advertisement in Economic times. Still its stock price wont raise.

I request "MoneyLife" to please do some investigation on FCS and publish a article on the same.

Ramu

6 years ago

Good news after a long time

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