MRO-TEK’s ‘Triple Play’

MRO-TEK, on Monday, announced a last mile infrastructure architecture for delivering ‘Triple Play’ service in India. ‘Triple Play’, allows a typical household consumer to access high speed quality digital data, video and voice from a single service provider under one subscription, said the company.

The new products Daisy 105M, iRIS-16 and Mogra-208 combined with the Liteview NMS will become part of the solution. The architecture uses future proof combination of Active Ethernet and Passive Optical technology providing 100Mbps speed in the last mile to deliver VoIP, high speed internet and DVD quality video.

Kaushalya Infra’s IPO price band

Kolkata-based Kaushalya Infrastructure Development Corporation (KIDCO)  on Tuesday fixed the price band for its upcoming IPO at Rs 50 to Rs 60 per share. The company will tap the capital markets with an initial public issue of 85 lakh equity shares of Rs 10 each at a premium to be decided through 100 per cent book-building process. At the top end of the price band, the company is expected to raise Rs 51 crore. The issue will open on November 20 and close on November 23.

Cummins India’s new engine range

Cummins India, on Tuesday, in Bangalore announced the launch of latest generation tier III emission norms capable engines for the construction segment. Cummins India is now offering a wide range of engines starting from 3.3 ltrs to 8.9 ltrs. The entire range is fully capable to meet current emission norms of BS-II and can easily upgrade to BS-III  expected to be enforceable by 2011.

Schwing’s mobile concrete plant

Schwing Stetter India in Bangalore on Tuesday, launched the new mobile concrete batching plant model M2. The plant, which has been designed on a transportable dimension to make it more convenient while shifting between project sites, can produce 94 cubic metre of concrete per hour and costs around Rs 1.3 crore.

Jyothy Labs’ price band for IPO

Jyothy Laboratories on Tuesday, set a price band of Rs 620-690 for its IPO of 44.3 lakh shares. This represents 30.52 per cent of the post-issue paid-up capital of the company. Shareholders selling stake in the IPO include South Asia Regional Fund, Canzone, ICICI Bank and CDC Investment Holdings, while the remaining stake is held by Founder CMD M P Ramachandran and his family. The issue will be open from November 22 to November 27. 

Royal Orchid buys property

City-based Royal Orchid Hotels informed BSE on Tuesday that Icon Hospitality, a subsidiary of the company, has acquired the property of Hotel Royal Orchid Central, at a cost of Rs 82 crore. This property, located on MG Road, was owned by ITC hotels and was leased to Royal Orchid Hotels for 25 years. 

RMoney ties-up with ANaRDe

Reliance Money announced on Tuesday, a tie-up with ANaRDe Foundation, a non-profit organisation, to widen its reach in rural areas. Through this Reliance Money plans to reach out to more than 16,000 villages in 79 districts and 18 states, currently being serviced by ANaRDe, with its financial services & products.