SME News and Views

Maize meets in good industrial demand

Sme News by Saleem S A on Nov 19 2012

Maize prices rallied on a positive note on Monday. They gained 2 per cent on poor kharif crop arrivals and good industrial demand. A rise in wheat prices also aided the trend, according to BL report.

Silver prices moves up to Rs 61,186 per kg

Sme News by Saleem S A on Nov 19 2012

Silver prices rises up and about Rs 306 to Rs 61,186 per kg at the futures trade today as speculators enlarged their positions, taking positive cues from overseas markets, according to BL report.

Planman Media announces PowerBrands Glam 2013

Sme News by Jayashankar Menon on Nov 19 2012

PowerBrands Rising Stars – The Next-Gen Brand Bible - an initiative to expand SMEs' horizons providing them a next step in their growth will be unveiled too at Las Vegas next year along with other compilations.

UAE petrochemical trading firm to set up a $1bn petrochemical complex in India

Sme News by Dheepika G P on Nov 16 2012

A UAE-based major polymer and petrochemical trading firm has planned to set up a $1bn petrochemical complex in any of the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) across India, according to a fibre2fashion report.

First shipment of RN Photo Coatings' ceramic mug flagged off from Sri City

Sme News by Jayashankar Menon on Nov 16 2012

Mike Nithavrianakis, Deputy High Commissioner of UK to India flagged off the first shipment of coated ceramic products manufactured by RN Photo Coatings from Sri City to Britain.

India releases Rs 1,276 crore to support MSME projects

Sme News by Jayashankar Menon on Nov 14 2012

The Government of India has released Rs 1,276 crore in the current fiscal to support 53,826 projects, which are expected to generate around 4.31 lakh jobs, Minister of Micro, Small and Medium Enterprises (MSME), KH Muniyappa said yesterday.

Cummins India posts 26 per cent increase in net profit

Sme News by Dheepika G P on Nov 9 2012

Engines manufacturer Cummins India Ltd has posted a 26 per cent increase in the net profit of Rs 161 crore during the second quarter ended September 30, 2012 versus Rs 128 crore in the same quarter of the previous fiscal.

Cipla Limited cuts prices on three cancer drugs

Sme News by Saleem S A on Nov 8 2012

Cipla Ltd cut prices of three cancer drugs between 50% and 64% with immediate effect, after it announced similar price cuts for three drugs early this year.

Shriram Life Insurance launches new product money back term plan

Sme News by Jayashankar Menon on Nov 8 2012

Shriram Life Insurance Company Limited, a joint venture of the financial services major, Shriram group and Sanlam of South Africa, recently announced the launch of ‘Shriram Life New Money Back Term Plan’.

Indraprastha Gas has posted 30 percent jump in net profit

Sme News by Saleem S A on Nov 7 2012

Indraprastha Gas Ltd (IGL), which is based at Delhi have jumped up a near 40 percent to Rs 99.2 cr in net profit in second quarter of current fiscal compared to the same period last year.

Cadila Healthcare reports dip in net profit at Rs 95.14 crore in September 2012

Sme News by Dheepika G P on Nov 7 2012

Cadila Healthcare has posted a 7.34 per cent dip in consolidated net profit at Rs 95.14 crore for the quarter ended September 30, 2012 mainly on account of increase in the cost of raw materials

Elder Pharmaceuticals posts 22 per cent increase in Q2 profit

Sme News by Dheepika G P on Nov 6 2012

Elder Pharmaceuticals has posted a 22 per cent increase in Q2 profit that is Rs 23.60 crore for the second quarter ended September 30, 2012 against Rs 19.35 crore.

Tech Mahindra profit increases by 47 percent at Rs 160.13 in September 2012

Sme News by Saleem S A on Nov 5 2012

India’s sixth largest software exporter ‘Tech Mahindra’, have rises the profit with a 46.57 percent to Rs. 160.13 crore for the quarter ended September 30, 2012.

D-Link Helps Businesses Grow their Networks with Launch of Managed SmartPro Switch Series

Sme News by Jayashankar Menon on Nov 2 2012

DGS-1500 Managed SmartPro series delivers managed switch functionality at a competitive price point.

Coffee exports in India dip by 7 per cent in the current fiscal

Sme News by Dheepika G P on Nov 2 2012

Coffee exports in India dip by 7 per cent to 2.81 lakh tonnes in the first 10 months of the current calendar year on account of drop in shipments of the Robusta variety.