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.
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.
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.