"The acquisition will enable us to accelerate product innovation and shorten time-to-market by leveraging GlobalLogic's product development expertise," Movius vice-president Jay Whitehurst said in a statement here.

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BGR Energy bags Rs.27.14 crore order

Chennai: City-based BGR Energy Systems has bagged a Rs.27.14-crore order from Bharatiya Nabhikiya Vidyut Nigam (Bhavini) for supply of 415V motor control centres.

The state-owned Bhavini is building the 500-MW fast breeder reactor at Kalpakkam in Tamil Nadu.

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Sical Logistics reserves berth at Chennai Port

Chennai: Integrated logistics provider Sical Logistics has signed a 20-year contract with the Chennai Port Trust to reserve a berth for vessels with a capacity of up to 52,000 tonnes.

The company is also studying the feasibility of receiving gearless vessels to maximise loading and discharging economies for large importers and exporters.