Bhubaneswar, Oct 21 (IANS) The state-run National Aluminium Company Ltd (NALCO) Friday placed an order with a government agency to import two lakh tonnes of coal to meet shortfall, an official said. The company’s smelter and captive power plant in Orissa’s Angul town, about 160 km from here, has been operating at reduced capacity since past several days because of the prevailing coal crisis. “We... 

With India’s consumer sector growing at a fast clip, the business of supply chain management has assumed a new dimension. In a country where at least 40% of produce is wasted because of inadequate storage and transportation, large investments in warehouses, refrigerated trucks and other amenities are needed, says Raj Jain, managing director and chief executive of the three-year-old Bharti Wal-Mart... 

New Delhi: Two Delhi-based young women show how entrepreneurship can be unleashed even with as less as Rs 50,000. The only thing you need, their enterprises reveal, is a lot of creativity and confidence in your own ability. “There is nothing like I will work for five more years and then work on my own business idea,” says Subhatra Priyadarshini, owner of Delhi-based start-up Choc Of The... 

Bangalore (YNN): SAP Labs India has launched Mahindra Reva, an environmental-friendly car with an affordable price thanks to the subsidy of Rs 62,000- Rs 82,000 offered by the Union Ministry of New & Renewable energy (MNRE). The green car was unveiled at a function held here that also marked a new approach for corporate India as part of its employee retention strategy in the face of instability... 

MUMBAI: Siemens Ltd. has announced that it is investing initially around Rs.100 million until the end of 2012 to make its offices in India greener. The company is thoroughly examining its seven company-owned offices in India with regard to environmental protection and energy consumption. The goal is to reduce energy consumption and CO2 emissions by at least 15% by the end of 2012. This equals the... 

New Delhi (IANS): India will have a new water policy by March next year that will spell out plans to increase the efficiency of water usage, mainly for irrigation of crops, by 20 percent in the next five years, according to Water Resources Minister Pawan Kumar Bansal. Bansal, who was given the portfolio again in the cabinet reshuffle recently, said he intended to improve the efficiency of surface... 

A man uses Samsung Electronics' tablet Galaxy Tab 10.1 displayed for customers at the company's headquarters in Seoul. (Reuters)By REUTERS SEOUL: Samsung Electronics Co. said it had delayed the launch of a new smartphone based on Google’s latest version of the Android operating system while the world pays tribute to Apple co-founder Steve Jobs who died last week. The delay also comes as... 

New Delhi: The Ministry of Food Processing Industries is planning to treble India’s food processing sector by 2015 by increasing value input and share in the global platform and enhancing perishable processing levels. This development augurs well for the numerous MSMEs in the food processing sector, which are likely to benefit from increased exports. In this context, Amit Dhanuka, vice-president... 

By Priyanka Sahay Helsinki (IANS): Finland-based engineering and technology firm Metso Corporation’s automation business arm has set up a research and development (R&D) centre in Mumbai to cater to India’s booming infrastructure business. “The new R&D centre gives us the possibility to be in closer contact with other Indian Metso functions and local customers. The cooperation... 

Mumbai (IANS): India’s foreign exchange (forex) reserves dropped by $1.22 billion at $311.48 billion for the week ended Sep 30, registering a sharp decline for the second straight week largely due to revaluation of non-dollar assets, official data showed. The forex reserves had slumped by $4.05 billion during the week ended Sep 23. The reserves have declined for the third time in the last four weeks...