SME News and Views

Swedish textile retailer IKEA to infuse Rs 4,200 crore billion in India

Sme News by Dheepika G P on Jun 27 2012

The Swedish single brand furniture retailer IKEA is investing around Rs 4,200 crore in India.

Indian tea exports dip four percent in January-March quarter

Sme News by Prajisha Sivasankaran on Jun 27 2012

Tea exports from India fell by four percent to 43.84 million kilograms in the first quarter of the current calender year, in contrast with 45.76 million kilograms of tea in the January-March period of 2011 calender year on account of drop in outbound shipments of the brew from South India, latest Tea Board data said.

India allows crude oil imports through Iranian tankers from July 1, 2012

Sme News by Chitra.G on Jun 26 2012

The Government of India has decided to allow public sector oil companies to import crude oil from Iran by Iranian tankers for a period of six months from July 1, 2012.

Panasonic plans to penetrate rural Indian markets

Sme News by Chitra.G on Jun 26 2012

Consumer durables major Panasonic India announced yesterday that it would focus aggressively on Tier-III markets in the country by next fiscal (2013-14).

Reliance Power synchronises first unit of 600 MW Butibori Thermal Power project near Nagpur

Sme News by Saleem S A on Jun 26 2012

The second 300-MW unit will be commissioned before the end of this calendar year.

Hike in Edible oil prices in India due to dry weather

Sme News by Prajisha Sivasankaran on Jun 26 2012

The prevailing dry weather in main oilseed growing states including Madhya Pradesh, Gujarat and Maharashtra had increased edible oil prices on Monday.

Agri-business and commodity seminars to be held at Thrissur, Kottayam and Kochi

Sme News by Prajisha Sivasankaran on Jun 25 2012

Prof KV Thomas, Union Minister of State (Independent Charge) for Consumer Affairs, Food and Public Distribution, will be the Chief Guest at the Stakeholder Awareness and Education Seminar organised by The Hindu Business Line jointly with Forward Markets Commission and the National Commodity and Derivatives Exchange on Saturday, June 30, 2012 at Kochi.

LG to unveil smart fridge in India

Sme News by Chitra.G on Jun 25 2012

Global appliances major, LG Electronics, is soon planning to launch a smart refrigerator in India that suggests what you can make with what is in the box, and also tells you that the food you stored is no longer fresh.

Solar power developers in legal limbo with Gujarat Government

Sme News by Saleem S A on Jun 25 2012

Three solar power firms are in a legal limbo with the Gujarat Government over the issue of ownership of the companies that are establishing the projects.

Gujarat to set up the first dehydration centre with an investment of Rs 19.5 crore soon

Sme News by Prajisha Sivasankaran on Jun 25 2012

In an apparent effort to preserve and enhance the shelf life of potatoes, the Government of Gujarat will be setting up a new potato dehydration centre at Palanpur with an investment of Rs 19.5 crore that will have a handling capacity of 500 kilograms an hour.

Chana prices to remain firm due to lower supply in Indian market

Sme News by Prajisha Sivasankaran on Jun 25 2012

Chana prices may remain firm due to lower supply in the domestic market coupled with weak rupee which has made imports costlier.

Indian MSMEs to get discounts of up to Rs 1.25 lakh at Ukraine trade fair

Sme News by Jayashankar Menon on Jun 25 2012

The MSME – Development Institute, Hyderabad, has invited applications from registered micro, small and medium enterprises willing to participate in the Ambiente Ukraine International Trade Fair.

Reliance Industries, BP and Niko Resources to invest Rs 22,000 crore

Sme News by Saleem S A on Jun 22 2012

Energy major Reliance Industries and its partners BP and Niko Resources are contemplating on investing Rs 22,000 crore to develop satellite gas fields off India's East Coast.

BenQ unveils two new education projectors

Sme News by Chitra.G on Jun 22 2012

Projector maker BenQ is conemplating on expanding its offerings by launching two new models, the LX60ST and the LW61ST.

Coal India under scanner for failing to meet its supply commitments

Sme News by Chitra.G on Jun 22 2012

Coal India Limited, the primary coal producer in the country, under scanner for failing to meet its commitments on coal supplies, may have to pull up their socks and come up with some serious explanations as senior officials of the ministry and the company, meet PMO officials later today.