Tuesday, February 8, 2011

Business News

  • Honeywell, RR may enter IAF engine fray
  • Hindujas in talks with Italian firm
  • India hopeful of clearing Vendanta deal
Honeywell, RR may enter IAF engine fray
Rolls Royce (RR) and Honeywell Aerospace are expected f to submit proposals for fitting new t engines to Indian Air Force (IAF) Jaguar t aircraft by March April, according to I three people with knowledge of the situation. The requests for proposal (RFPs) l for new engines on the deep penetration strike aircraft (DPSA) were issued towards the end of November or early December, they said. The IAF spokes person declined to comment on the issue.

Hindujas in talks with Italian firm
Hinduja group is in talks with Ital ian construction company Pessina Costruzioni to develop four real estate projects, costing $2 billion (over `9,000 crore), in India.
“Pessina Costruzioni is one of the foremost firms in the Italian construction industry. We have approached them to develop four projects of $2 billion in India”, Prakash P. Hinduja, chairman, advisory board of Hinduja Bank, Switzer land, said.