Jindal Stainless to go in for acquisition abroad
New Delhi: Jindal Stainless Ltd says that it is all set to acquire a cold-rolling mill in a neighbouring country to supplement its existing capacity, and also, to create a captive export market for its hot-rolled product through this acquisition, according to a company release.

The company has reported a 31 per cent growth in its profit before tax for the first quarter of the current fiscal to Rs 71.32 crore. Profit after tax stands at Rs 50.12 crore. The company recorded a domestic sales of Rs 585 crore during the quarter showing a growth of 88 per cent. Net sales during the quarter went up to Rs 643 crore recording a growth of 19 per cent, the release said.
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Gujarat Ambuja adds 1 mt to capacity
Mumbai: Gujarat Ambuja Cements Ltd (GACL) has added one million tonnes of fresh capacity at its facility in Ropar, Punjab, bringing its total production capacity to 14.5 million tonnes. The company has commenced operations at a new unit in its fly-ash based cement grinding plant at Ropar which will now produce 2.5 million tonnes of cement every year. The fly-ash, which is a waste product generated by thermal plants will be sourced from the Ropar Thermal Power Plant which will become the first to implement 100 per cent utilisation of fly-ash, said the news release.
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Samsung packs for storage media devices
Kolkata: Samsung Corporation, which has a 27 per cent share of the Indian market for branded storage media devices, has introduced India-specific packs by way of countering the gray market segment. The grey segment accounts for nearly 75 per cent of the total market for storage media devices such as floppies, CDs and DVDs. With the introduction of new packs, Samsung's share of the storage media devices market was expected to go up to 32 per cent in the current fiscal. This would translate into incremental sales of Rs 15 crore-Rs 18 crore. The new packs that have been introduced include ejector cases, slider packs, wooden boxes and leather cases.
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'Campus offer' from Idea Cellular
New Delhi: Idea Cellular has introduced pre-paid card tariff package for students in Delhi, which offers short messaging for as low as 10 paise a message. The outgoing cell-to-cell tariff will be Re 1 per minute while calls to other phones would cost Rs 2.49 per minute. The new offer called 'Campus Offer from Idea' is, however, valid for only two months and will be available to students from colleges across Delhi. All calls between 11 pm and 8 am will have a night tariff of Re 1 per minute. SMS charges for Idea-to-Idea messaging will be 10 paise and SMS to subscribers of other operators will be 50 paise per message. Earlier, Bharat Sanchar Nigam Ltd had launched a similar package aimed at students.
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Idea Cellular's installs mobile switching centre in Pune
Mumbai: Idea Cellular Ltd has installed a new mobile switching centre (MSC) in Pune, its sixth in the Maharashtra and Goa circle. The new switch, installed at a cost of Rs 15 crore, will support an additional four-lakh customers, said a news release from the company. The new MSC will be extended to Kolhapur, Nashik, Aurangabad, Ulhasnagar and Bhiwandi. Idea has over 500 cell sites in the circle, and aims to put up an additional 80 by the end of August this year.
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Toshiba launches next generation peripherals
New Delhi: Toshiba and HCL InfiNet have announced the launch of Toshiba's next-generation multifunction peripherals, the e-STUDIO 3511/4511 series, which bundles printing, copying and faxing capabilities into one. The e-STUDIO 3511/4511 offers black and white, as well as colour output. The e-STUDIO 3511/4511 is built on the unique `e-Bridge' technology - a single-board technology platform for processing and integrating the separate architectures that enable copying, printing, scanning, faxing and other networking capabilities into one. HCL InfiNet is the distributor for Toshiba products in India.
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Patni ties up with InteQ
New Delhi:Patni Computer Systems has announced an original equipment manufacturer (OEM) agreement with InteQ, a US-based provider of remote network management service software.
This alliance will enable Patni to provide extensive Infrastructure Management Services (IMS) and further tap the expanding IMS market. The company plans to invest $6 million in technology and infrastructure for the enhanced services to be provided out of facilities in the US and India. The partnership would enable Patni to offer a suite of service offerings including remote monitoring, web-enabled service desk, performance reporting, and problem resolution.
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Surya Vinayak to step into healthcare segment
New Delhi: The Rs 300-crore Surya Vinayak Industries Ltd (SVIL), the country's largest producer of sandalwood oil, is looking to make a foray into the healthcare segment under its own brands. The company has so far been supplying sandalwood oil to several players such as DS Foods (for Baba Zarda) and Mysore Sandal Soap. SVIL is doing research on the benefits of sandalwood and plans to come out with a pill to help control blood pressure. The pill, based on sandalwood oil, is currently in the testing stage.

According to the company, sandalwood has a lot of properties. It is an antidepressant, antipyretic, a coolant, antibacterial and is also an ideal ingredient for aromatherapy. It helps control the blood pressure as well. SVIL has recently forayed into the premium, natural cosmetics segment under its own brand called Lambency. This consists of a sandalwood face pack priced at Rs 350 and a 5 ml pack of pure sandalwood oil priced at Rs 550. Targeting the volume segment, SVIL also intends to roll out products such as a face scrub, rosewater and a cream in the forthcoming months.
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Ralco launches new range of tyres
Hyderabad: The Rs 300-crore Ludhiana-based Ralson (India) Ltd, and promoter of Ralco Auto Tyres, has announced the launch of its range of scooter, three-wheeler and LCV (light commercial vehicle) tyres in the market and plans to diversify into the jeep, tractor front tyre and ADV (animal-driven vehicle) tyre segments.
The company had recently tied up with original equipment manufacturers like Hero Motors in order to ensure a steady demand for the two-wheeler range in the market. Recently, the company has started exporting to Ivory Coast, Nigeria and Bahrain. The company has set up a manufacturing base for two-wheeler tyres with an installed capacity of one-lakh tyres and tubes a month.
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