Company news this week

Bharti Airtel has bagged a $150 million contract to Chinese vendor Huawei for building and managing GSM mobile infrastructure for its Sri Lankan operations. Cognizant announces a 2:1 (2 for 1) stock split. In addition, the board authorised a share repurchase programme of up to $100 million of the company's common stock over the next 12 months. Essar Construction won a contract worth Rs 186 crore from Bharat Oman Refineries for laying a stretch of a proposed crude pipeline between Gujarat and MP, where the Indo-Oman joint venture is setting up a refinery. Educomp acquires 70.5% stake in a Canada-based e-learning company Savvica. Finland-based, IT-company TietoEnator has acquired Hyderabad-based Fortuna Technologies for $29 million. Godrej & Boyce have planned a capex of Rs 300 crore this financial year and are considering the possibility of entering the colour TV segment. IVRCL Infrastructures & Projects Ltd has bagged projects worth Rs 368.14 crore to be implemented in different parts of Tamil Nadu. Tata group's Indian Hotels has acquired a 10% stake in US-based Orient Express Hotels. Orient Express Hot

This article was originally published on September 22, 2007.