SME News and Views

MSME-Expo 2013 to be held in Channai from March 7-9

Sme News by Jayashankar Menon on Feb 16 2013

The Ministry of Micro, Small and Medium Enterprises, Government of India and MSME Development Institute, Chennai are organising a two-day National Vendor Development Programme from March 7-8 in the city.

Gayatri Projects Ltd Q3 net profit goes down at Rs 15.3 crore

Sme News by Saleem S A on Feb 15 2013

Gayatri Projects Limited net profit goes down for the third quarter ended December 2013 at Rs 15.3 against Rs 18.3 crore in the corresponding quarter last year.

Lanco Solar Energy gets IESA award

Sme News by Saleem S A on Feb 15 2013

Lanco Solar Energy (subsidiary of Lanco Infratech Ltd) bags IESA Award, which was presented at the Indian Electronics & Semiconductor Association’s annual event IESA Vision Summit in Bangalore for most innovative product 2012.

Godrej, Siemens and Bosch collaborates to develop new range of refrigerators

Sme News by Saleem S A on Feb 15 2013

Leading Home appliances manufacturer Godrej & Boyce, Bosch and Siemens have entered into a technology collaboration to develop a new range of best-in-class, energy-efficient, refrigerators for India, Asia-Pacific, West Asia and Africa.

Essar Steel signs a 10 year supply agreement with ArcelorMittal

Sme News by deepika on Feb 13 2013

Essar Steel has signed a 10-year agreement with ArcelorMittal USA for annual supply of 3.5 million tonnes (MT) of iron ore pellets

Power producer NHPC to take up 3 thermal power projects

Sme News by deepika on Feb 13 2013

NHPC plans to take up three thermal power projects, Jyotiraditya M. Scindia, Minister of State (Independent Charge) for Power

Tata Power invest Rs 4500 crore to build renewable energy portfolio

Sme News by Saleem S A on Feb 13 2013

Rahul Shah, Chief-Business Development, India Business and Renewables, Tata Power Company Ltd says that forms Special Purpose Vehicle (SPV) and targets to invest up to Rs 4,500 crore in the next few years to build a robust renewable energy portfolio.

Lanco Infratech third quarter ends with the loss of Rs 465 crore

Sme News by Saleem S A on Feb 13 2013

Lanco Infratech Ltd reported loss for third quarter ended December 2012 of Rs 464.64 crore, against a profit of Rs 60.9 crore in the corresponding quarter last year.

Revised MSP on copra did not impact the coconut oil market

Sme News by Saleem S A on Feb 13 2013

The market has revised minimum support price (msp) on copra did not impact the coconut oil market either in Kerala or Tamil Nadu this week.

Rajesh Exports Q3 profit up by 14.5 per cent at Rs 131.46 crore

Sme News by deepika on Feb 13 2013

Jewellery exporter Rajesh Exports has posted a 14.5 per cent rise in standalone net profit at Rs 131.46 crore for the third quarter ended December 2012.

PowerGrid signs the agreement with Ethiopia Power

Sme News by Saleem S A on Feb 12 2013

Power Grid Corporation of India Ltd (PGCIL) will sign the management contract with Ethiopia Power Company for two years at $16 million.

M&M takeover of Navistar stake in two joint ventures

Sme News by Saleem S A on Feb 12 2013

Mahindra & Mahindra (M&M) have taken the complete ownership of the stake of Navistar International Corporation in two joint ventures — Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL).

Dr Reddy’s speak out Octoplus offer 'unconditional'

Sme News by Saleem S A on Feb 12 2013

Dr Reddy’s Laboratories Limited declared the offer for Dutch pharmaceutical company OctoPlus NV as "unconditional", which means the offer received acceptance from the shareholders of the target company. Settlement of the offer is expected to take place on February 15.

IFCI net profit down by 33 per cent at Rs 76 crore

Sme News by deepika on Feb 12 2013

Industrial Finance Corporation of India Ltd reported a 33 per cent decline in net profit at Rs 76.31 crore for the third quarter ended December 31, 2012.

SAIL net profit dip by 23 per cent at Rs 484 crore

Sme News by deepika on Feb 12 2013

State-run Steel Authority of India (SAIL) has reported a 23.38 per cent fall in net profit at Rs 484.30 crore for the three months ended December 31, 2012,