SME News and Views

Essar Oil receives Phase III environmental clearance for gas field at Raniganj

Sme News by Saleem S A on Mar 4 2013

Essar Oil announced that it has been granted phase III environmental clearance for its coal bed methane (CBM) gas field at Raniganj, West Bengal, allowing it to increase drilling to 650 wells.

Sugar production dips owing to poor cane availability

Sme News by deepika on Mar 4 2013

Sugar production has declined owing to the poor cane availability in States such as Maharashtra and Karnataka, resulting in early closure of factories for the 2012-13 season

DHL continues partnership with Lakme Fashion Week for the 7th year

Sme News by deepika on Mar 3 2013

DHL one of the leading logistics company continue its partnership with Lakmé Fashion Week for the seventh consecutive year. The partnership is part of a global relationship as the Official Logistics Partners for IMG Fashion Weeks across the world spanning 15 countries across four continents,

A balanced Budget, says CEAMA

Sme News by Jayashankar Menon on Mar 1 2013

The President of Consumer Electronics and Appliances Manufacturers Association (CEAMA) and Director of Videocon has stated that the Finance Minister of India, P Chidambaram had given a balanced Budget.

Cipla Medpro acquires 100 percent stake in the South African Company

Sme News by Saleem S A on Feb 28 2013

Cipla Limited offers to the shareholders of Cipla Medpro South Africa Limited to obtain 100 per cent of the ordinary share capital of Medpro for ZAR 10.0 per share. The offer will be implemented via a scheme of arrangement and is subject to regulatory and other approvals including approval by Medpro shareholders.

L&T Construction bags Rs 1,504 crore new project

Sme News by Saleem S A on Feb 27 2013

L&T Construction, part of Larsen & Toubro has won new projects worth Rs 1,504 crore across various business segments in February 2013 both in domestic and international markets, according to BL report.

Ranbaxy incurs net loss of Rs 492 crore in Q4 2012

Sme News by Saleem S A on Feb 26 2013

Ranbaxy Laboratories has incurred net loss of Rs 492.44 crore during the fourth quarter ended December 31, 2012, lower than the net loss of Rs. Rs 2,982.76 crore for the corresponding quarter previous fiscal.

Suzlon Energy Ltd gets ONGC order to install wind turbines

Sme News by deepika on Feb 26 2013

Suzlon Energy Ltd has bagged ONGC order to install wind energy turbines of 102.9-MW capacity

India set to become an electronic system design and manufacturing hub

Sme News by Jayashankar Menon on Feb 25 2013

As the demand for electronics hardware in the country is projected to increase from the present $ 65 billion to $ 400 billion by 2020, this provides a humungous opportunity for India to become an Electronic System Design and Manufacturing (ESDM) hub, while the Indian Electronics market is comparatively smaller in size against the global electronic market of $ 1.8 trillion.

Construction starts at Jamnagar for Reliance Sibur Plant

Sme News by Saleem S A on Feb 22 2013

Reliance Sibur Elastomers Private Limited construction began on butyl rubber plant in Jamnagar with a joint venture between Reliance Industries Ltd (RIL) and Russian gas processing and petrochemicals company SIBUR, RIL owns 74.9 per cent in the joint venture.

Seshasayee Paper posts a 73 per cent increase in the Q3 net profit

Sme News by deepika on Feb 20 2013

Seshasayee Paper and Boards Ltd a paper producer has posted a 73 per cent increase in the net profit for the quarter ending December 31, 2012, at Rs 8.11 crore

CCI closes the case against Lakshmi Machine Works

Sme News by Saleem S A on Feb 20 2013

CCI drops the case against Lakshmi Machine (textile machine maker) for alleged abuse of dominant position in the market for “sale of spinning machinery for textiles”.

Daimler launches new range of BharatBenz trucks

Sme News by Saleem S A on Feb 20 2013

Daimler India Commercial Vehicles Private Limited introduces light-duty range of BharatBenz trucks from its manufacturing plant at Oragadam near Chennai.

Govt plans to procure 44 million tonnes wheat in this year

Sme News by deepika on Feb 19 2013

The Government plans to procure a record high 44 million tonnes of wheat in the rabi marketing season 2013-14 starting April. Last year, the Government had procured 38.14 mt.

Coconut oil prices down owing to increase in copra sales

Sme News by deepika on Feb 19 2013

The coconut oil prices were down in Tamil Nadu and Kerala owing to increase in the copra sale