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Nalco to foray into energy sector
National Aluminium Company (Nalco), a leading producer of aluminium in the country, intends to enter the energy sector as an independent power producer.

Markets gain on reform buzz, positive news
Stock markets surged on hopes of a push to domestic economic reforms, positive G-20 talk and firm global markets. The Sensex gained 340 points to end at 16,499 and the Nifty closed at 4,898, up 102 points.

News of the day

31 MLAs of JMM-led coalition have criminal cases against them
The new five-party coalition in Jharkhand which is all set to assume power tomorrow has 31 MLAs with criminal cases against them.
Business Ideas

IBM wins 10-year IT services contract from co-operative bank

IBM today announced that it has signed a 10-year Information Technology (IT) services agreement with Gujarat-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB). The engagement will be in the form of a pay-as-you-go model, which will enable the bank to save up to 50 per cent in its capital expenditure on IT Infrastructure, IBM said in a statement. - Small gets attractive for IT services providers - IBM signs Rs 380-crore, 10-year outsourcing deal with Digicable - IBM bags Rs 380-cr deal from Digicable - IBM goes desi - Wipro inks MoU for low carbon tech development - Kronos in talks with Gujarat firms for workforce management The company did not specify the size of the contract.As part of the agreement, IBM will provide Managed Continuity Services encompassing server management, network & security management, back up & database management.


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