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Monday, February 9, 2015

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Siemens wins orders worth Rs450 cr
Siemens announced that the Company's mobility division has won three orders worth approximately Rs450 crore from Varanasi based Diesel Locomotive Works of Indian Railways for locomotive equipment.

The Company will supply and supervise the installation and commissioning of Three-phase Propulsion Systems for Diesel Electric Locomotives - AC-AC traction systems (including Locomotive Controller) and Three-phase Traction motors.

Supreme Infra receives total order of Rs413.5 crore
Supreme Infra has received total order of Rs413.5 crore in power and distribution from North Bihar Power distribution ( order worth Rs234.9 crore) and South Bihar Power distribution ( order worth Rs178.6 crore). Positive for the Company

Infosys Finacle Position as a Leader in IDC Market Scape
Infosys Finacle has been positioned as a leader in the IDC Market Scape of Worldwide Core Banking Solution Providers. The report, which focuses on Global Core Banking Providers in the context of the North American market, compares 19 core banking solutions in the global marketplace.

Crompton Greaves: Avantha likely to exit industrial products biz
Crompton Greaves: Avantha group looking at exiting industrial products business valued at Rs4350-4900 crore as per media reports – Positive for minority shareholders in terms of unlocking value (valuations indicates 15-25% premium to market price and in line with our assumption taken in setting target price); stake sale in demerged consumer product business an additional trigger.

Canara Bank gets call for strike on February 25
Canara Bank announced that the Bank has been informed that the United Forum of Bank Unions ( UFBU) have given a call for an All India Industry wide Strike on  February 25, 2015 and February 28, 2015 and indefinite strike from March 16, 2015 onwards.

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