Story Of The Day Business & Economy LOCKHEED MARTIN RECEIVES $61 MILLION CONTRACT FOR GUIDED MLRS UNITARY ROCKETS August 28, 2008 New Delhi, Lockheed Martin [NYSE: LMT] has received a $61 million follow-on contract for Guided Multiple Launch Rocket System (MLRS) Unitary rockets. To date, more than 850 GMLRS rockets have been fired in the Global War on Terror.

Work on the contract will be performed at the company's facilities inCamden, AR, and Dallas, TX. Deliveries will begin in May 2010 and conclude in July of that year.

"GMLRS delivers precision when Warfighters need it most, especially effective in urban areas," said Lt. Col. Drew Clanton, the GMLRS product manager at the U.S. Army's Precision Fires, Rockets and... READ MORE Business & Economy Trent plans Rs 2,000 cr investment for Star Bazaar expansion August 28, 2008 Trent Ltd, the retail arm of the Tata group, is likely to invest around Rs 2,000 crore in the next five years for rolling out 50 Star Bazaar hypermarket stores.

"We will invest around Rs 2,000 crore in the next five years for the roll out of 50 Star Bazaar hypermarket stores, which is usually of around 50,000 sq ft," Trent's Chairman F K Kavarana said on the sidelines of the company's AGM on Wednesday.

"We are planning to have larger Star Bazaars which would be more than 50,000 sq ft," he added. The company also plans to add another 6-8 landmark stores by the next year.

At present, the company has around 18 stores operational, he said. On Westside, he had said the company has around... READ MORE

Business & Economy Reliance to push retail in countryside August 28, 2008 After having scaled up its retail operation in cities, Reliance Retail is now looking at rural India. It is piloting a rural-business-hub (RBH) model in a Gujarat village, which if successful and implemented could rival that of DSCL’s Hariyali Kisan Bazaar and Future Group’s Aadhar.

RBH would offer farm input, food, grocery, consumer durables, and financial and health services. It will also pro... READ MORE Business & Economy HAL to start work on civil aircraft August 28, 2008 Bangalore, Hindustan Aeronautics Ltd (HAL), the public sector major into the manufacturing of military aircraft and helicopters, is expected to soon begin work on civil aircraft.

Defence minister A K Antony hinted that the plan to manufacture civil aircraft by HAL was currently being considered. HAL’s proposed civil aircraft would be indigenous in design. He, however, did not rule out the possi... READ MORE Business & Economy Infosys expanding operations in SEZs August 28, 2008 Chennai, Bangalore-based software services major Infosys Technologies Ltd is expanding its operations in the country's special economic zones (SEZ) to take advantage of tax incentives, a top official said here Wednesday.

"All our incremental expansions are happening in SEZs as the tax incentives for units located in software technology parks is expected to go soon," Infosys chief executive and ... READ MORE

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