SME News

RBI Guidelines - A must read/know for any SME

prashant — Sat, 02 Jul 2011 07:05:12 +0000

NEW DELHI: The Reserve Bank of India has set up guidelines for financial banks for lending loans to Small and Medium Enterprises (SMEs) in the country:-

1. Disposal of Applications

'Construction chemicals demand rising in Indian market'

gopi — Tue, 18 Jun 2013 10:27:57 +0000

Summary:

NEW DELHI: Netscribes Inc., a global market intelligence firm has released its latest report on the 'Construction Chemical Market in India 2013'.

The report elaborates the growing trend in the Indian market towards the application of construction chemicals in construction projects.

India Specialty Chemicals Market likely to reach $50 bn by 2018

gopi — Tue, 18 Jun 2013 10:23:13 +0000

Summary:

NEW DELHI: The Indian market for specialty chemicals is expected to reach US $50 billion by the end 2018.

Driven by the strong growth outlook for end use industries, the domestic market for specialty chemicals is expected to grow strongly, buoyed also by the increased adoption of specialty chemicals and their increased usage in different products categories.

India becoming SUV hub for world: Ford Motor

gopi — Tue, 18 Jun 2013 08:37:09 +0000

Summary:

CHENNAI: Major automaker, Ford Motor Co is planning to increase the vehicle exports from India, as it has planned to manufacture more vehicles on global platforms to reduce costs and increase production.

Alan Mulally, President and CEO of the Ford Motor Co, said, "India has a caliber to become a compact sports utility vehicle hub.

Amid slowdown in Indian auto market, SIAM fears job cuts

gopi — Tue, 18 Jun 2013 08:16:38 +0000

Summary:

NEW DELHI: Amid the falling graph of domestic car sales in India, the apex automobile body, Society of Indian Automobile Manufacturers (SIAM) has warned about the possibility of job cuts in near future.

Local passenger car sales decline 12.26% in May

gopi — Tue, 18 Jun 2013 07:57:34 +0000

Summary:

NEW DELHI: Despite high discounts on offer, the overall domestic car sales during April-May 2013 declined by 12.26 per cent, the Society of Indian Automobile Manufacturers (SIAM) said recently.

Nalco set up Rs 283 cr wind power plant in Jaisalmer

admin — Fri, 14 Jun 2013 10:19:04 +0000

NEW DELHI: In a bid to promote sustainable development by harnessing the unconventional and renewable energy sources, State-owned, National Aluminium Company Limited (Nalco) has set up its 2nd wind power plant at Ludarva in Jaisalmer district of Rajasthan.

The newly commissioned power plant has a capacity of 47.6 MW.

Myers Tire, ASL enter into JV to distribute auto equipment

admin — Fri, 14 Jun 2013 10:01:25 +0000

NEW DELHI: Myers Tire Supply International Inc., a Myers Industries, Inc. company (NYSE: MYE), recently announced a joint venture with the India-based TVS Automobile Solutions Ltd. (ASL) to distribute tools, supplies, and equipment into the fast-growing Indian automotive aftermarket. The new company is called Myers Tyre Supply India Limited, Inc.

FLSmidth bags $35.11 mn order for cement plant equipment in India

admin — Fri, 14 Jun 2013 09:29:12 +0000

NEW DELHI: Denmark-based engineering firm, FLSmidth recently informed that it had signed USD35.11 million deal to supply the main equipment for a greenfield cement plant in India.

As per the information provided by company, the order was placed by Indian cement manufacturer Orient Cement Limited.

Samsung India expands medical equipment biz in India

admin — Fri, 14 Jun 2013 09:19:33 +0000

NEW DELHI: Samsung India recently strengthened its presence in the Health and Medical Equipment Business in India by launching Digital Radiology and In-vitro diagnostics equipment and technologies under the GEO1 Brand in the country.