KEC International wins Rs147 crore new orders

In the water business, KEC International has secured three new orders worth Rs98 crore for the construction of canals for irrigation projects in Gujarat and Madhya Pradesh

KEC International (KEC), the flagship company of the RPG Group, has won new orders worth Rs147 crore in its emerging businesses—water and railways.

In the water business, the company has secured three new orders worth Rs98 crore for the construction of canals for irrigation projects in Gujarat and Madhya Pradesh, the global infrastructure engineering, procurement and construction (EPC) major said in a release.

With this addition, the order book of this business has increased to Rs178 crore.
In the railway business, the company has secured an order worth Rs49 crore for the supply of railway track materials, tools and railway signalling equipment from the Kenya Railway Corporation. With this, the order book of this business has touched Rs400 crore.

“We started our water business early this year and today we have a total order book of Rs178 crore,” KEC International managing director and CEO, Ramesh Chandak, said in a release. In addition to this, the company is leveraging its strong international presence in T&D business for its emerging businesses. “This is the second international order in the railway business. Last year, we secured a railway order from Malaysia,” he said.

On Thursday, KEC International closed at Rs41.15 per share on the Bombay Stock Exchange, 0.73% up from the previous close.

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Mphasis net down by 24.6% at Rs821.62 crore for year ended Oct

The revenue of Mphasis grew marginally by 1.2% to Rs5,097.96 crore for FY10-11 compared to Rs5,036.52 crore in FY09-10

IT company Mphasis has reported 24.67% decline in net profit at Rs821.62 crore for the financial year ended on October 31, 2011. The company has posted Rs1,090.75 crore net profit for financial year 2010.

The revenue of the company grew marginally by 1.2% to Rs5,097.96 crore for FY10-11 compared to Rs5,036.52 crore in FY09-10.

"While our strong domain presence is resulting in growth within banking, financial services and insurance, we are now seeing good success in the infrastructure business, especially in India," Mphasis chief executive officer Ganesh Ayyar said in a statement.

While profit of company from insurance and information technology, communication and entertainment segment witnessed marginal rise, its profit from banking and capital market segment, emerging industries and others took declined significantly.

Mphasis' revenue grew only in its insurance segment business.

On Thursday, Mphasis closed at Rs314.45 per share on the Bombay Stock Exchange, 3.08% down from the previous close.

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Axis Bank launches ‘Young Bankers’ program for banking aspirants

Upon successful completion of the program, the students will be awarded with a post graduate diploma in banking services by Manipal University

Axis Bank in association with Manipal Global Education Services (MaGE) has launched ‘Young Bankers’ Program, an initiative to attract young graduates to a career in banking with Axis Bank. Young Bankers Program, a one year full time residential program, will be conducted at Manipal University Bangalore Campus and will impart knowledge and skills in banking, etiquette & grooming, enhanced communication skills and other soft skills.

Upon successful completion of the program, the students will be awarded with a post graduate diploma in banking services by Manipal University and will be absorbed in the assistant manager grade by Axis Bank.

The program includes classroom sessions of 9 months split into 3 trimesters followed by an Internship of 3 months at any Axis Bank branch/office across the country. The Bank will provide financial support to the students during the one year period.

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COMMENTS

Sailendu Samantaray

5 years ago

I am interested the program, want to know when the next batch applications are invited.

IRINE PAUL

5 years ago

i am interested in this program

Sandeep

5 years ago

I'm interested. So, may I know something more about this course? I mean, fee structure, when its gonna start n who can apply n all.

Somashekhar

5 years ago

I saw the news, PG diploma in banking 1 year course, sothat may i know the course fee structure.

REPLY

balaji

In Reply to Somashekhar 5 years ago

3.5 lakhs

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