Tata Communications opens Exchange data centre in Singapore

Tata Communications said it has opened Tata Communications Exchange (TCX) data centre in Singapore, built to meet the growing IT outsourcing needs of enterprises in Asia Pacific.

The six-storey data centre in Tai Seng will provide increased capacity for both domestic and international firms, bringing them cost and resource efficiencies as well as greater IT service availability and performance.

TCX is part of the $430 million that Tata Communications pledged to invest in Asia Pacific between 2009 and 2011. TCX will also support Tata Communications' cloud computing and managed hosting and storage services to be launched in the near future, the company said in a regulatory filing.

On Wednesday, Tata Communications shares gained 4.9% to Rs348 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.3% higher at 18,205 points.

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Suzlon inaugurates new technology centre in Germany

Wind turbine supplier Suzlon Energy Ltd inaugurated a new research and development (R&D) and technology centre at Rostock in Germany.

The new facility is spread over 3,800 sq m. At present there are around 120 employees and the company plans to house 200 employees shortly, Suzlon said in a statement.

On Wednesday, Suzlon shares closed 0.7% up at Rs46 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.3% higher at 18,205 points.

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Steel Strips Wheels August sales rises 55% to 805,881 units

Steel Strips Wheels Ltd said it sold 805,881 units of steel wheels in August 2010, a growth of 55%, as compared to 519,812 units in the same month last year.
The automotive steel wheels manufacturer has also registered a growth of 51% in steel wheel production last month. In August 2010, its steel wheel production increased to 796,418 from 527,612 in same month last year.

During August 2010, the company export sales of wheel rims stood at 77,692 as against 26,247 in August 2009, reporting a growth of 196%.

On Wednesday, Steel Strips Wheels shares closed 7.4% higher at Rs242 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.3% up at 18,205 points.

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