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Shree Renuka Sugars jumps 4%
The stock jumped 4.24 per cent to Rs 227.65 to an all-time high, after the company acquired Vale Do Ivai SA (VDI), a Brazil-based sugar and ethanol firm. The acquisition includes two sugar and ethanol production facilities with a combined cane crushing capacity of 3.1 million tonnes per annum.

PSU sell-off planning to begin in August
Disinvestment ball starts rolling: 15 companies shortlisted.

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RBI launches awareness programme in North East
With the objective to create awareness regarding banking services among people in remote villages of North-East, Reserve Bank of India (RBI) has undertaken a series of financial outreach programmes in the region.
Business Ideas

IBM launches new model for mid-sized clients

Information Technology major IBM today launched a new infrastructure service model targeting Small and Medium Businesses (SMB) in Tier-II and Tier-III cities. - IBM targets Gujarat SMEs for SMSR, Cognos Express - IBM targets Gujarat SMEs for SMSR, Cognos Express - IBM and ISB Partner to Create Research "Collaboratory' for Service Science - Govt to create Rs 150 cr IT facilities for small units - HealthHiway gets $4 mn investment - Mahindra Satyam says it"s chasing 30 large deals Under this model, it will appoint channel partners all over India to sell IBM’s infrastructure services to clients in areas of Green IT, security, business continuity, improved collaboration and communication. IBM today appointed channel partners in Lucknow and Kanpur to service such clients. This model has already been tested and put in action as a pilot project on an ‘ongoing basis.’ IBM Vice-President (strategy & business development) South Asia Sanjiv Pande told Business Standard, “We have initially identified three places, Lucknow-Kanpur, Vizag and Jaipur for this model.” Almost 60 per cent of IBM business in the country comes from SMB segment.


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