Key News Wipro, Larsen & Toubro & Bharat Heavy Electricals Ltd by SPA Securities
Key News
Wipro names former Walmart and PayPal exec Subha Tatavarti as CTO
IT services firm Wipro has appointed Subha Tatavarti as the chief technology officer. Prior to joining Wipro she was leading the product, technology development and commercialisation of enterprise infrastructure along with security, data science and edge platform at Walmart. Prior to Walmart, Subha headed the Product, Data & Infrastructure Platform at PayPal. Her focus there was to drive transformation through scalable, API-driven interoperable platforms. Her portfolio of products included Machine Learning/ Artificial Intelligence (ML/AI) platforms powered by Notebooks, Data Integration platform, Data Catalog and Data ALM.
Larsen & Toubro wins 'significant' contracts in various businesses
Larsen & Toubro (L&T) on Tuesday said its construction arm has won significant contracts including an order for the construction of a bridge on river Ganga in Bihar. The company did not specify the exact value of the contracts but as per its specification a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. "...The Heavy Civil Infrastructure business of L&T Construction has secured an EPC (engineering procurement and construction) order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) ... including approaches across river Ganga on the newly declared NH-131B at Bhagalpur in the state of Bihar," the company said in a statement.
BHEL receives order worth Rs 400 crore from Indian Oil Corporation
State-run engineering firm BHEL has bagged an order worth Rs 400 crore for setting up a sulphur recovery unit at Indian Oil's Paradip Refinery in Odisha. "Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a sulphur recovery unit from IOCL (Indian Oil Corporation Ltd)", a BHEL statement said. With this order, BHEL has made an entry into the downstream oil & gas process package business. According to statement, the package, valued at over Rs 400 crore, envisages setting up a 525 TPD (tonne per day) sulphur recovery unit at IOCL's Paradip Refinery in Odisha.
WABAG secures Rs 1,187 cr contract from Bihar Urban Infra Development Corp
WABAG has secured a contract worth Rs 1,187 Crore order from Bihar Urban Infrastructure Development Corporation (BUIDCO) under the National Mission for Clean Ganga (NMCG) Scheme to develop Sewage Treatment Plants (STP) of 150 MLD capacity along with sewerage network of over 453 km in the Digha and Kankarbagh zones of Patna. The company will execute the Engineering, Procurement and Construction ('EPC') portion of Sewage Treatment Plant under HAM, along with this project over a period 24 months. This would be followed by O&M of 15 years.
HDFC Bank customers face difficulty in accessing net, mobile banking
The country’s largest private sector lender, HDFC Bank, on Tuesday said some of its customers are facing intermittent issues while accessing net banking and mobile banking facilities. Customers facing outages took to social media to vent out their frustration. Clarifying on Twitter, HDFC Bank said, “Some customers are facing intermittent issues accessing our NetBanking/MobileBanking App. We are looking into it on priority for resolution. We apologise for the inconvenience and request you to try again after sometime. Thank you”. This is not the first time the bank customers are facing difficulties in accessing net banking or mobile banking facilities of the bank.
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