business

MIC Electronics has been awarded the rights for display of advertisements through 50 LED True colour display systems in the select market areas under the jurisdiction of Municipal Corporation of Delhi. The proposed contract is for a period of 5 years, extendable for another 2 years. Established in 1986, MIC Electronics is a pioneer in … Read more Delhi LED Dsiplay Advertisement to MIC Electronics

The rupee opened lower and touched a five-week low in opening deals after a World Bank missive that stated the world’s gross domestic product (GDP) expected to shrink by 2.9%, nearly double compared with 1.5% expected earlier. Global trade is also expected to take a hit of 9.7% in 2009, first decline in more than … Read more Indian Rupee touches 5-week low in opening deals

Jindal Saw (JSL), part of the fourth largest industrial house in India Jindal Group, has said that it has received orders for supply of large diameter pipes and ductile iron pipes from domestic as well as overseas customers, valued at over Rs 1,000 crore. The domestic orders have been received from state-run Gas Authority of … Read more Jindal Saw wins orders from domestic & overseas mkts

For the week ending 6 Jun ’09, headline inflation (wholesale price index, WPI) was -1.61%. This is the first time since Dec ’78 that WPI inflation has turned negative. WPI for the week ending 11 Apr ’09 was revised to 0.96% from 0.26%. Primary articles fell due to a sharp fall in the prices of … Read more India Economy – Inflation – Deflation vs. hyperinflation

The country’s leading steel manufacturer, Tata Steel, has increased prices of hot-rolled steel products by Rs 500 to Rs 750 per tonne in few select provinces on monthly contracts with retrospective effect from June 1, 2009. The move has been triggered by the revived demand for the steel products in the local markets, mainly from … Read more Tata Steel increases price of hot-rolled steel – Begins the Regime of Lobby in Congress Government

The telecom service provider, Idea Cellular has collaborated with telecom equipment manufacturer Nokia Siemens Networks (NSN) to upgrade former company’s network in 22 service areas in India. In order to upgrade Idea’s existing network, NSN will use GPRS (general packet radio service) technology and its unified charging solution. Due to this Idea will be able … Read more Nokia Siemens will upgrade Idea’s 22 service areas in India