A couple of entrepreneurs from small town in India were profiled for a story from Live Mint. The businesses have been able to turn big profits while benefiting people on the bottom of the economic period.
Posts Tagged ‘Crore’
Small business struggles to find venture capital funding in India
Posted by UpdatedFrequently on February 3rd, 2010
Posted in World News 
Tags: Art And Craft, Business Models, Business Proposition, Cities And Towns, Craft Products, Crore, Due Diligence, Gunjan, Herbal Beauty, Lakh, Metro Cities, Patna, Profitable Business, Pyramid Model, Rs1, Start Ups, United Arab Emirates, Vc Funds, Venture Capital Funding, Wall Street Journal, World News 
Comments OffRoad building project in Bangladesh to employ poor women
Posted by UpdatedFrequently on May 4th, 2009
A government funded road building project will employ poor women to help them climb out of poverty. Bangladesh announced the new project yesterday that will employ over 24,000 women.
Posted in World News Tags: Crore, Destitute Women, Dr Klaus, Five Women, Generation Activities, Government Division, Income Generation, Jonson, Millennium Development Goals, Poor Women, Poverty Alleviation, Poverty Reduction Strategy, Poverty Reduction Strategy Paper, Project Beneficiaries, Project Director, Prsp, Public Assets, Road Maintenance, Rural Road, Second Phase, World News Comments OffBusiness – Tata Steel to delay projects, barring Orissa & Jamshedpur
Posted by UpdatedFrequently on December 2nd, 2008
India’s largest private sector steel maker Tata Steel today said it will re-prioritise its capital expenditure in view of the global economic meltdown and give preference to “high-return projects” while deferring the rest.
“We will re-phase our capital expenditure, giving higher preference to high-return projects like Jamshedpur and Orissa, while delaying some of the other projects to ensure that our liquidity position continues to remain strong,” Tata Steel Managing Director B Muthuraman said here.
Announcing the company’s financial results for the second quarter and the six months ended September 30, he said Tata Steel will accord greater emphasis to raw material projects to secure resources faster than what it had planned earlier.
Elaborating on the company’s near future plans for India, Muthuraman said Tata Steel is committed to save Rs 300 crore in next five months by reducing operational expenditures and overhead costs.
World’s sixth largest steel producer Tata Steel has lined up ambitious expansion plans in India.
Besides, augmenting the capacity of its Jamshedpur plant to 10.5 million tonne from the present 6.8 million tonne by 2010, the company is in process of setting up greenfield projects in Jharkhand, Orissa and Chhattisgarh.
While, in Jharkhand it proposes to invest about Rs 42,000 crore for a 12 million tonne integrated steel plant, in Orissa it intends to pump in nearly Rs 22,000 crore for a 6 million tonne unit.
It also plans to invest Rs 18,000 crore for setting up a 5 million tonne steel plant in Chhattisgarh.
For all the proposed greenfield projects, the company claims it is in the process of acquiring land.
Posted in World News Tags: Ambitious Expansion, Capital Expenditure, Crore, Expansion Plans, Future Plans, Global Economic Meltdown, Greenfield Projects, Integrated Steel, Jamshedpur India, Jharkhand, Liquidity Position, Operational Expenditures, Orissa, Overhead Costs, Return Projects, Rs 42, Steel Maker, Steel Plant, Steel Producer, Tata Steel, World News Comments OffBusiness – Parsvnath cuts mid, top-level staff salaries by up to 20%
Posted by UpdatedFrequently on December 2nd, 2008
NEW DELHI: Realty firm Parsvnath Developers Ltd has cut salaries of its employees in top and middle level management by up to 20 per cent amid
slowdown in the real estate sector.
Posted in World News Tags: Company Spokesperson, Crore, Developers, Diwali, Level Staff, Measures, Middle Level Management, Net Profit, New Delhi, October 24, Parsvnath, Pradeep Jain, Quarter Ended September, Real Estate Sector, Realty Firm, Rs 21, Second Quarter, Slowdown, Staff Salaries, World News Comments OffIndia – Oil Cos earn Rs 15 a litre on petrol,Rs 3 on diesel
Posted by UpdatedFrequently on December 1st, 2008
Public sector oil companies are making close to Rs 15 a litre profit on the sale of petrol and over Rs 3 per litre on diesel, strengthening the case for a retail fuel price cut.
Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have seen widening of profit on sale of petrol and diesel, the first in three years, on the back of falling international oil prices, industry sources said.
The three firms, who till last week were making a margin of Rs 9.86 a litre on petrol and Rs 0.70 per litre on diesel, have from today started earning Rs 14.89 a litre on petrol and Rs 3.03 per litre on diesel.
However, they continue to lose Rs 17.26 on the sale of every litre of kerosene through public distribution system (PDS) and Rs 148.32 per 14.2-kg domestic LPG cylinder.
Sources said, the position on fuel prices is likely to be put before the Cabinet soon for a decision on reducing petrol and diesel prices.
Oil firms revise prices twice a month, on the 1st and 16th of every month based on the average imported price for the preceeding fortnight.
Posted in World News Tags: Bharat Petroleum, Bharat Petroleum Corporation, Bpcl, Crore, Diesel Prices, Hindustan Petroleum, Hindustan Petroleum Corporation, Hpcl, India Oil, Indian Oil, Indian Oil Corporation, International Oil Prices, Lpg Cylinder, Oil Cos, Oil Firms, Public Distribution System, Public Sector Oil, Retail Fuel, Retail Rates, Rs 42, World News Comments Off
