Bloomberg announced today that a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include Gas Authority of India Ltd (GAIL), Rural Electrification Corporation Limited (REC) and ONGC Videsh Ltd (OVL).
Transmission utility Power Grid Corporation of India posted a net profit of Rs 1,367 crore for the first quarter this financial year, an increase of 20 per cent compared with Rs 1,137 crore reported in the year-ago period.
Montecarlo Construction Limited, a major Indian large-scale construction firm, found growth impeded by legacy software. The firm deployed an SAPÂ® Business All-in-One solution for the engineering, construction, and operations industry, reengineering its business processes.