Opto Circuits Q3 net profit at Rs56.22 crore

Opto Circuits (India) Ltd reported standalone net profit of Rs56.22 crore for the quarter ended 31 December 2010 compared to Rs35.63 crore in the corresponding quarter a year ago. Total Income increased to Rs164.71 crore from Rs110.57 crore from a year ago, the company said in a statement.

On Tuesday, Opto Circuits ended 10.55% up at Rs249.40 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.11% up at 19,092.05 points.
 

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Ashok Leyland gets orders from VRL Logistics

Hinduja flagship, Ashok Leyland Ltd has won orders from VRL Logistics for 262 vehicles.

The orders comprise 200 numbers of car carriers on the U-3518, 12 nos. of the U-4923 and 50 nos. of the company's 12-meter buses. These requirements come on the heels of an order for 600 vehicles that VRL had placed a month ago for 500 nos. of 3123 Multi-axle vehicles and 100 12-meter buses. Cumulatively, these orders for 862 vehicles are worth in excess of Rs172 crore.

VRL has grown from a single truck company in 1976 to a leading logistics enterprise with a fleet of 2,691 vehicles.

On Tuesday, Ashok Leyland ended 1.78% down at Rs58 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.11% up at 19,092.05 points.

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Tata Communications and Videotron sign strategic sourcing agreement

Tata Communications, a global communications service provider and Videotron, one of Canada's largest integrated communications companies, have signed a mutually beneficial sourcing agreement. Under this agreement, Videotron will route 100% of its international voice traffic through Tata Communications network and Videotron will continue to be one of Tata Communications' key suppliers of telecommunication services in Canada.

Through the agreement, Tata Communications will become Videotron's sole provider of international voice termination. By tapping into Tata Communications' extensive and robust voice infrastructure, Videotron will be able to offer its customers higher quality international calls at competitive rates. Tata Communications' advanced voice traffic management tools will also allow Videotron to effectively manage operational costs and increase focus on its core businesses and key growth areas.

Tata Communications' strategic voice traffic outsourcing enables providers to leverage Tata Communications' scale and routing expertise while reducing their exposure in the low-margin, high-risk international voice termination business.

On Tuesday, Tata Communications ended 0.12% up at Rs250.10 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.11% up at 19,092.05 points.

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