From correspondents in Maharashtra, India, 06:30 PM IST

Leading Indian television and entertainment house UTV and the US-based news and information content provider Bloomberg have signed an agreement to launch a business news channel in the country.

The pact also calls for the renaming of an existing channel as Bloomberg-UTV and will target 30 million households across India with business, financial, and political news, a joint statement by the two companies said.

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Tatas extent Ethernet services to China

Mumbai: Tata Communications Thursday announced that their Ethernet services, which allow fast data communications between or among clients across geographies, are being extended to China.

The services will be offered in the group's collaboration with the Beijing-based China Enterprise Communications, a value-added telecom and IT solutions company. This takes the group's Ethernet reach to over 200 cities across 31 countries.

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Adlabs reorganises Big Cinema business

Mumbai: Reliance Anil Dhirubhai Ambani Group's Adlab Films is being reorganised into two strategic units based on geographic considerations to deepen its foot hold in the country's entertainment business.

The company, which is being renamed Reliance MediaWorks, is proposing to add 100 more cinema screens in 85 cities, to add to its portfolio of 5,459 screens in India, the US, the Netherlands and Malaysia, a regulatory filing said.

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Omaxe to develop IT township in Uttar Pradesh

New Delhi: A private sector subsidiary of realty major Omaxe Thursday said it has entered into a pact with a state agency to set up a high-tech township at Bulandshahr in Uttar Pradesh, around 70 km from here.

The township will be well connected to the National Capital Territory and has a revenue potential of Rs.7,500 crore once it is completed in its targeted time-frame of five-seven years, the company said.

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L and amp;T gets order for nuclear unit

Mumbai: Engineering and construction giant Larsen and Toubro (L and amp;T) has bagged a repeat order for the design, manufacture and supply of four steam generators to an atomic power plant in Rajasthan run by the state-run Nuclear Power Corp.

The company says these will be the largest steam generators built in the country. With the new order, its contracts for the supply of nuclear power equipment exceed Rs.400 crore.

(Staff Writer, © IANS)