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Tata Tax Saving Fund declares 30% dividend
Tata Mutual Fund today said it has announced a 30 per cent dividend for one of its schemes - Tata Tax Saving Fund.

India to seal defence pact with Maldives
Amid fears by Maldives that one of its island resorts could be taken over by terrorists in the absence of military assets, India will sign a defence pact with that country during Defence Minister A K Antony"s three-day visit there.

News of the day

Jharkhand politics: All in the family
In Jharkhand politics, it’s sometimes all in the family. Take for example, Jharkhand Mukti Morcha (JMM) chief Shibu Soren, who is a Lok Sabha member. His daughter-in-law Sita Soren, widow of Durga Soren, won the elections from the Jama Assembly seat. Soren’s younger son, Hemant, contested the Assembly polls from the Dumka seat and humbled former deputy chief minister Stephen Marandi. Sushila Hansda of the JMM, who was a sitting party legislator in the last Assembly, was not in the fray from her Litipara constituency this time, but her husband, Simon Marandi, contested on JMM ticket and won the seat.
Small Business

BSP to implement MES

Industrial tool to optimise operations - Sach is life - New York Times to cut 25 jobs next year - SAIL, NMDC to sign pact for mining limestone reserves - IIA in pact with German industry body for MSMEs project - HomeShop18 raises Rs 109 cr for expansion - ONGC-Mittal joint ventures to be merged Bhilai Steel Plant (BSP) will implement the Manufacturing Execution System (MES), an industrial Information Technology (IT) tool for improvisation of production scheduling and optimisation of manufacturing operations. With this, the flagship unit of the Navratna Public Sector Undertaking (PSU) and steel major Steel Authority of India Limited (SAIL) joins the elite club of integrated steel majors including POSCO of South Korea and ISPAT who have deployed MES. The BSP inked contract with M/s Posdata of South Korea in the presence of company"s Managing Director (MD) R Ramaraju to implement MES. The MD assured all possible assistance to the team while engineering the project. Aimed at integrating the manufacturing operations of Steel Melting Shop -2, Plate Mill and Rail and Structural Mill, MES would be implemented in three packages-- namely Core MES Software with yard management System, Support MES with Integration of ERP-SAP and procurement of PCs along with its peripherals. The MES project is scheduled to be completed by June 2011. "It (the proposed implementation of the MES) is a significant milestone for SAIL-BSP, particularly after the successful deployment of Enterprise Resources Planning (ERP)," BSP spokesperson said. MES is aimed at achieving quicker responsiveness to customer"s ever-increasing demands, sustaining the business growth and connecting the "Shop floor production information to the Boardroom/Management Business information" that are the needs of today"s competitive business era, the spokesperson added. Ranjana Muley, the Deputy General Manager (DGM) and Project Coordinator of the MES informed that the work on the implementation of the system would start immediately. R Sreenivasan, DGM (SMS-II) will be the designated Project Manager. To facilitate continuous monitoring and review of the project, various committees such as Apex Committee, Steering Committee and a Task force have been constituted.


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