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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.

Dainik Bhaskar, Travel Channel get FIPB nod
A proposal from the Dainik Bhaskar media group to allow more foreign equity in it and another one from Travel Channel International, UK, for setting up an Indian subsidiary, have been approved by the Foreign Investment Promotion Board (FIPB).

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Indian Bank may float subsidiary for NPA management
The public sector Indian bank, with a lot of expertise in the field of recovery of Non-Performing Assets (NPAs), is exploring the possibility of floating a subsidiary for undertaking NPA management.
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LG sets up brand shop

LG Electronics, the global manufacturer and marketer of consumer electronics and home appliances, today opened one brand showroom ‘LG Shoppe’ at Samantarapur in Bhubaneswar. Arvind Kumar, the branch head of Orissa, inaugurated the premium brand showroom. - Sub-Rs-7,000 fridges the new battleground - Durable firms plan price rise by March - LG aims to sell 3 lakh units by 2010 - Durables companies fast-track single-brand stores - LG India to invest Rs 200 cr in SMB biz - LG Electronics quits PC manufacturing As part of its plan to capture the growing organized retail market, the company is setting up a chain of exclusive premium showrooms across the country. There are several value-added services like dedicated service help desks, which will enhance the overall shopping experience.


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