SME News and Views

ITC receives the coveted 2012 World Business and Development Award from UN

Sme News by Prajisha Sivasankaran on Jun 21 2012

Diversified business firm ITC Ltd today said it has received the ‘2012 World Business and Development Award’ at the ongoing Rio+20 United Nations Summit in Brazil.

LG Electronics launches Optimus 3D MAX and Optimus L7 in India

Sme News by Jayashankar Menon on Jun 20 2012

LG Electronics, a leading mobile phone manufacturer, today announced the enhancement of the Optimus family with the launch of LG Optimus 3D MAX and Optimus L7 Smartphones in India.

Steel imports surges by 69 percent in April-May 2012 to 1.5 million tonnes

Sme News by Chitra.G on Jun 20 2012

India's steel imports surged by 69 percent to 1.528 million tonnes in the first two months of the fiscal due to firm demand from sectors like automobile, consumer durables and manufacturing.

Nalco releases tender for the export of 8,000 tonnes of aluminium from India

Sme News by Chitra.G on Jun 20 2012

The state-run National Aluminium Company Limited (NALCO) has issued a tender to export 8,000 tonnes of aluminium ingots, Commercial Director Ansuman Das said on Tuesday.

Gold features show signs of weakness with rupee depreciating against dollar

Sme News by Saleem S A on Jun 20 2012

Gold futures traded within a range and showed signs of weakness with rupee depreciating against dollar.

Pepper for July 2012 delivery on NCDEX gains 1.39 percent at Rs 40,450 a quintal

Sme News by Prajisha Sivasankaran on Jun 20 2012

Pepper futures on NCDEX might as well gain further strength on humungous demand as lower supply in the domestic market also supported the run-up in prices.

Crisil says 53 percent SMEs use own funds to tide over inflationary pressure in India

Sme News by Jayashankar Menon on Jun 20 2012

Leading credit rating agency Crisil said yesterday that a large majority of SME promoters, as many as 53 percent continue to use their own funds to tide over inflationary pressure as getting bank funds are not without difficulties for them.

V-Guard launches hi-speed and energy efficient fan in Kochi

Sme News by Chitra.G on Jun 18 2012

V-Guard, a leading electrical and electronics major, has launched Enviro, a very own kind of hi-speed pedestal fan.

Lava to unveil tablet PC below Rs 10,000 in August 2012

Sme News by Saleem S A on Jun 18 2012

Mobile phone manufacturer Lava is contemplating on investing in excess of Rs 55 crore this year as part of its strategy to enhance its R&D prowess, besides launching a tablet PC for less than Rs 10,000 in August this year.

Citi Volunteers commemorate its 200th Anniversary on Annual Global Community Day in India

Sme News by Jayashankar Menon on Jun 17 2012

Citi reinforced its ongoing and long-standing commitment to supporting and nurturing communities by marking its 200th anniversary on Saturday, June 16, 2012 with its seventh annual Global Community Day.

Coal India Limited would meet production slips

Sme News by Saleem S A on Jun 15 2012

Coal India Limited has missed production target in the first quarter last fiscal largely due to heavy rains, has drawn up strategies to ensure that output does not slip this monsoon season.

RINL receives proposal from the Saudi Arabian Government

Sme News by Saleem S A on Jun 15 2012

RINL has received a proposal from the Saudi Arabian Government to revive a sick steel unit in that country and shortly a technical team from Rajhi Steel of Saudi Arabia will visit Visakhapatnam within a month to hold discussions with Rashtriya Ispat Nigam Limited to explore setting up a three million tonne steel plant and exploring revival of the existing steel plant at Riyadh

Footwear industry records 40% export growth

Sme News by KR Iyer on Jun 15 2012

India's footwear industry has recorded 40 per cent export growth during the last five years achieving US$ 1732.04 million in 2010-11 compared to US $1236.91 recorded during 2006-07.

Government Plans to increase Urea prices by Ten percent

Sme News by Prajisha Sivasankaran on Jun 14 2012

Government may increase the price of Urea by 10 percent due to the increase in minimum support price for kharif corps. The Cabinet Committee on Economic Affairs (CCEA) will meet Thursday to take a decision on raising prices of urea.

India to unveil 3,000 MW solar power projects

Sme News by Saleem S A on Jun 13 2012

The Government of India is working on a plan to roll out 3,000 MW of grid connected solar power projects in phase II of the Jawaharlal Nehru National Solar Mission.