Business News

New Delhi, May 16 (ANI): The annual inflation rose to 7.83 percent for the week ended May 3 from 7.61 percent for the previous week. The data for the week ended March 8 has been revised to 7.78 percent versus 5.92 percent (provisional).

Washington, May 16 (ANI): A profit-boosting business practice can be used to help turn companies green by reducing their energy use, says a team led by mechanical engineer Prabhakar Kaushik of NC College of Engineering in Haryana, India.

Coconut growers in Tamil Nadu are reaping a huge profit from coir pith or waste fibre powder, as the demand for the eco-friendly organic base is much in demand in greenhouses across the world.

Mumbai, May 15 (ANI/Business Wire India): Microfinance Insights (www.microfinanceinsights.com), the quarterly print publication that covers the sector, conducted an online survey on Human Resources Challenges and Solutions to find out more about the challenges in the microfinance sector.

Chennai, May 15 (ANI/Business Wire India): Cholamandalam DBS Finance Limited, a joint venture between the Rs. 9582 crore Murugappa Group and DBS Bank of Singapore, today announced the launch of CholaDBS Direct, an online investment portal aimed at retail investors and traders.

Mumbai, May 14 (ANI/Business Wire India): The time has arrived to clear out those desks, tighten those ties and make way for a 'smarter' office as Intel and Acer announce the 'Smart Workplace Awards ' for those employee friendly organizations.

New Delhi, May 14 (ANI): FoxMandal Little (FML) is the legal advisor to Alcatel-Lucent, the US-French telecom equipment supplier for their joint venture with Reliance Communications, to provide network services to telecommunications operators, both CDMA and GSM.

New Delhi, May 14 (ANI): Secondary steel makers, Bhushan Steel and National Steel , have announced up to Rs 4,000 per tonne cut on all flat products toeing the line of primary producers even as the government is examining the merit of the steelmakers' request for lower export duty on the metal.

San Jose, May 14 (ANI/Business Wire India): Redback Networks Inc., an Ericsson company, announced a deal to deliver broadband-on-demand services for Bharti Airtel LTD (Airtel).

New Delhi, May 14 (ANI/Business Wire India): Gaadi.com was launched today by PKBS, a consumer internet company that also owns SecondShaadi.com.

Mumbai, May 14 (ANI/Business Wire India): Inogent Laboratories (Inogent Labs), a Hyderabad-based custom synthesis and API manufacturing company, today announced the appointment of Rajiv Varma as the new President of the company.

Guwahati, May 14 (ANI): Tata Tele Service Limited (TTSL) has recently signed a Memorandum of Understanding (MoU) with the Assam Small Industries Development Corporation Ltd in Jorhat that will not only expand and develop communication facilities in the North East, but also help generate employment in the region

Washington, May 13 (ANI): When it comes to planning ahead financially, money is not the only thing that gets taken into account, says a new study.

NANDANAGAR, May 13(ANI): Pineapple farmers of Tripura have reaped a bumper harvest of the fruit this year. Favourable climatic conditions in more than 5000 square hectares of land under pineapple production have resulted in a bumper crop. Farmers say that due to rains during the flowering season, this years' production has been 30 40 per cent more than in the previous years.

Bangalore, May 12 (ANI): The Steel Authority of India Limited (SAIL) today signed a memorandum of understanding with Bangalore-based Bharat Earth Movers Limited (BEML), for supply of crucial equipment required for the company's present operations as well as for its ongoing modernisation and expansion programme.

New Delhi, May 12 (ANI): The annexure to the Indo-UK Film Co-production Agreement was signed here today by V. B. Pyarelal, Joint Secretary (Films), Ministry of Information and Broadcasting, and British Deputy High Commissioner Creon Butler.

New Delhi, May 12 (ANI): The National Thermal Power Corporation Limited (NTPC) has decided to allocate 0.5 percent of its distributable profit annually for its "Research and Development Fund for Sustainable Energy".

Paris, May 11 (ANI): The world's largest steel group ArcelorMittal has said that it has finalised the 810 million dollars sale of a plant in the United States to Russian Steelmaker Severstal.

Washington, May 11 (ANI): When companies are facing closure, their productivity rises, says a leading economist.