Monthly archives: December, 2013

Cessna reveals restored L-19, Dodge auction package

WICHITA, Kan., Dec.19, 2013 – Cessna Aircraft Company, a Textron Inc. (NYSE:TXT) company today unveiled the restored 1959 Cessna L-19E “Bird Dog” to be auctioned at the 43rd annual Barrett-Jackson car auction in Scottsdale, Ariz.  The L-19E will be auctioned alongside a Dodge M37 truck restored and donated by Okoboji Classic Cars, forming a unique …

Stand taken by India at the Ninth Ministerial Conference of the World Trade Organization (WTO) held in Bali, Indonesia during 3-7 December 2013

The Union Cabinet today approved the stand taken by India at the Ninth Ministerial Conference of the WTO held in Bali, Indonesia during 3-7 December 2013. Background: The two key issues for the Ninth Ministerial Conference of the WTO were Trade Facilitation and a proposal on Food Security. While the accumulation and holding of public …

OUTOKUMPU SELLS LUVATA VENDOR NOTE TO PROVENTUS CAPITAL PARTNERS

As part of Outokumpu’s measures to strengthen its financial position and liquidity, Outokumpu has signed an agreement with funds managed by Proventus Capital Management AB to sell its loan receivable from Luvata Fabrication Ltd for a cash consideration of 157 million US dollars. The loan receivable is related to the divestiture of fabricated copper products …

Indiaproperty.com raises 12 Million USD led by Bertelsmann

Chennai, 19th December, 2013 – India Property Online Pvt. Ltd. (holding company of “Indiaproperty.com”), one of India’s leading online real estate classified portals, has announced a Series B funding of USD 12 Million led by Bertelsmann with participation from existing investors Canaan Partners (“Canaan”) and Mayfield Fund (“Mayfield”). IndiaProperty.com offers one-stop property marketing solutions serving …

Early warning system soon in flood-prone districts in West Bengal, says Irrigation & Waterways Minister at Water Exposition 2013

Kolkata: In an attempt to reduce loss and damage caused by floods, the West Bengal Government will soon install “early warning system” in all floods-prone districts including Darjeeling, Malda, Murshidabad, Hooghly, East and West Midnapore. This was disclosed by Mr Rajib Banerjee, Minister for Irrigation & Waterways, West Bengal, at the Inaugural Session of the …

Global Solar Installations to Reach Approximately 43 GW in 2014

– December 19, 2013 – Global solar installations are forecast to be in the 43 GW range in 2014, according to a new update by Mercom Capital Group, llc, a global clean energy communications and consulting firm. Raj Prabhu,  CEO and Co-Founder of Mercom Capital Group,commented that market conditions are as stable as they can …

OUTOKUMPU GRANTED 25 MILLION EUROS RELIEF FROM THE GERMAN RENEWABLE ENERGY CHARGE FOR 2013

Outokumpu is subject to the renewable energy charge applied to all companies operating in Germany. As an energy intensive company facing global competition, Outokumpu is entitled to a reduction of these charges. For the year 2013 this reduction was initially denied by the German authorities. After a constructive dialogue and a clarification of Outokumpu’s application …

2014 Outlook from McAfee on Indian Security Industry Trends

 Jagdish Mahapatra, Managing Director, McAfee India and SAARC India, 19 December 2013 – Following are the mega trends that will dominate 2014’s security industry in India – Enterprise Mobility and BYOD: Organisations expect one single solution to address the overall BYOD challenge which is not practically feasible. BYOD needs to be looked at from different …

Expansion of Crankshaft Forging Business in the U.S.- International Crankshaft Inc. will build No.4 Forging Press Line

International Crankshaft Inc. (“ICI”), a joint-venture subsidiary of Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) and Sumitomo Corporation (“Sumitomo Corp.”) that forges crankshafts in the U.S., decided to build a new forging press line. The car sales in North America are expected to grow by 7% for the next five years. Japanese and Korean automakers …

PERRELET TURBINE CHRONO- THE STRENGTH OF STYLE

For the first time since its launch in 2009, Perrelet’s iconic Turbine collection welcomes a horological complication; a chronograph, offering a further demonstration of the brand’s technical expertise. Incorporating a chronograph into a Turbine watch represented a challenge to which Perrelet has risen with impressive ingenuity. The additional function is clearly displayed on the dial …