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India has emerged as the third largest consumer of natural rubber after China and the US, and exceeding Japan, according to the 2008 figures released by the Rubber Board. According to a report by the Rubber Research Institute of India (RRII), rubber prices have recorded a negative growth of 0.55% between 1980-81 and 2007-08. On … Read more India emerges 3rd largest consumer of natural rubber: Rubber Board
MTS India Wireless Services offered by Sistema Shyam TeleServices Limited (SSTL), today launched One MTS, One India”, for MTS subscribers in India. Priced at an incredibly low and unmatched price of Rs 11, subscribers can make local and STD call within their network at a uniform price of 35 paise per minute. The service is … Read more One MTS, One India 35 Paise / Minute Calling
Tata Indicom Broadband, internet service from Tata Communications has formed alliance with NEC India, a wholly owned subsidiary of NEC Asia and NEC Corporation which aims to offer integrated solutions for education and hospitality verticals. The two companies will target a common customer base and bundle their products. NEC and Tata Indicom Broadband would explore … Read more Tata Indicom Broadband + NEC India for education and hospitality verticals
In a joint research paper on Indian Insurance Industry brought out by Assocham, it was revealed that the penetration level of the general insurance business in India is just 0.60% of its GDP, despite posting an annual growth by 16% under this segment. The low penetration is in comparison with the global average of 2.14%. … Read more General Insurance penetration in India is low
BGR Energy Systems has announced that the State Company for Oil Projects (SCOP), Ministry of Oil, Iraq, has increased the value of the contract it placed in the Oil and Gas Equipment division of the company from $76.6 million to $80.5 million. In October 2006, SCOP had awarded a lump-sum turnkey contract worth of $76.60 million to … Read more BGR Energy secures $80.5 mn worth of contract from SCOP
Owing to lack of proper infrastructure set up, state-run exploration and production (E&P) major Oil and Natural Gas Corporation (ONGC) has only shelved out development of six prospective discoveries made in recent years in the backward regions. ONGC has discoveries under its belt like Karjan, Linch and Mekrang lying in areas where no infrastructure is … Read more ONGC halts development of six discoveries