Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

JSW Steel's crude steel production doubles in Nov
JSW Steel today said its crude steel production more than doubled to 4.80 lakh tonnes in November.

Maruti Suzuki: WagonR gets WizeR
Maruti Suzuki’s portfolio has several small cars. That makes its task of differentiating each of these cars difficult. To bolster one of its most sturdy performers, the WagonR, which sold 135,000 last year, the country’s largest carmaker has come out with a mascot named WizeR.

News of the day

Smart Portfolios ends 2009 on a high
Although Smart Portfolios kicked off on September 1, 2009, it feels good to end the calendar year on a cheerful note. The net returns in the second season are at the highest point currently. The benchmark S&P CNX 500 portfolio value has appreciated by 12.73 per cent to Rs 11.27 lakh as against its starting corpus of Rs 10 lakh. Ajay Parmar and Amar Ambani continue to outperform the benchmark with a wide margin. While the former"s return has zoomed 20.46 per cent, the latter"s portfolio value has soared nearly 19 per cent. Phani Sekhar has reported gains of 6.72 per cent so far, and Praveen Panjwani"s net worth is up by 6.3 per cent.
Public Relations

Elgin-2 mill revival hopes rekindled

Kanpur’s oldest Elgin textile mill is set for revival after reopening of JK Mills last November. - Govt refuses Lodha bid for Finlay Mill - NTC rapped for selling surplus land at cheaper rates - Only two bids for NTC"s mill land in central Mumbai - Lodha Group top bidder for NTC prime land in Mumbai - Govt to counter slowdown in textile sector: Maran - Govt support to 10 loss-making PSUs to continue The closed mill had been on the political agenda for the past decade and the central government-owned National Textile Corporation (NTC) was until now unable to fulfil the revival promises often made by the politicians. This time, however, the Board for Industrial and Financial Reconstruction (BIFR) has approved a Rs 193-crore revival package for Elgin-2 mill, which has also been approved by the Board of Restructuring of Public Sector Enterprises (BRPSE) and the textile ministry for the purpose. A special cabinet committee constituted for the purpose will review the proposal within a week. The textile ministry decided to revive one cotton mill in the city and Elgin mill-2 was found most apposite for restoration. The Elgin-1 mill is now serving as the British India Corporation (BIC) headquarters. “The work for overhauling and upgrading the existing plant machinery will begin once the proposal is passed, apart from procuring Rs 15 crore by selling looms in the plant,” said an official on the condition of anonymity. He added that the mill machinery would be upgraded to latest technology after six months of full capacity production. However, the final decision regarding the revival will take almost a month. Members of Kanpur Trade Union Council (KTUC) recently staged a five-hour-long demonstration at the Elgin Mill gate on demanding to reopen the mill at the earliest. The protesting workers alleged that it had been more than five years since the government had assured for a revival of the mill. “Five years back, Prime Minister Manmohan Singh had assured the mill workers of restarting the Elgin Mill, provided we vote for their party and bring them to power. Five years later, our position is still the same,” said state President of Textile Labour Union Ramji Tripathi. KTUC has, meanwhile, requested the Union Minister of state and Kanpur Member of Parliament (MP) Prakash Jaiswal to reopen the Kanpur Textile Mill by investing Rs 20 crore, as recommended by NITRA last year.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009