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Steel pipe sector looks to grow 25% on demand from developed nations
The Rs 15,000-crore steel pipes industry is set to grow 20-25 per cent in the next 3-4 years following massive investment laid out on energy security by the governments of developing economies. Developed economies require a change in existing pipelines that were installed over 25 years ago and demand is likely to emerge from various sectors of global economies.

GE Q2 profit falls on finance
General Electric Co reported a 47 per cent decline in second-quarter profit as a global recession hurt the finance, health care and NBC Universal divisions, contributing to a bigger drop in sales than analysts predicted.

News of the day

Govt assures funds for NSDC
Finance Minister Pranab Mukherjee today announced the launch of the National Skill Development Corporation (NSDC) that aims at training about 500 million people by 2022 to meet the growing demand for skilled workforce in the country.
Management

Maruti launches Eeco in Hyderabad

Maruti Suzuki India Limited (MSIL) launched its utility vehicle (UV) Eeco in Hyderabad on Wednesday. “The new family car is designed keeping in mind the needs of the Indian customers. Eeco will help us strengthen our presence in the C segment and give us good numbers,” IV Rao, managing executive officer (engineering) of MSIL, told mediapersons here. - Maruti Suzuki launches Eeco in Mumbai - Maruti mulls to hike prices soon - Maruti launches Eeco in Gujarat - Maruti Suzuki rolls out MPV "Eeco" - Maruti Suzuki launches MPV Eeco at Rs 2.59 lakh - Maruti Suzuki: Eeco-nomy van">Maruti Suzuki: Eeco-nomy van Eeco comes in three variants with a price tag of between Rs 2.67 lakh and Rs 2.97 lakh (ex-showroom, Hyderabad). Rao said Eeco complies with Bharat Stage (BS)-IV, the fourth car from the MSIL stable to meet these emission norms, with the other three being Ritz, Estilo and SX4. Replying to a query, he said Eeco was designed to fulfil the requirements of Omni customers and that both Eeco and Omni will co-exist.


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