IMF Distributes US$1.1 Billion of Gold Sales Profits in Strategy to Boost Low-Cost Crisis Lending to Low-Income Countries

October 13, 2012 The International Monetary Fund (IMF) will distribute SDR 700 million (about US$1.1 billion) in reserves attributed to windfall gold sales profits to its members in order to boost its concessional lending capacity for low-income countries during the global crisis. The distribution is a key element of a 2009 plan to boost concessional lending capacity to …

Gartner Says India Has the Potential to Take a Lead in the Nexus of Cloud, Social, Mobile, and Information Computing

India’s unique socio-economic development could create a conducive climate for the development of the nexus of converging forces – social, mobile, cloud and information – which will form the basis of the technology platform of the future, according to Gartner, Inc. However, uncertainty over the country’s economy, infrastructure and population dynamics will mean that it …

Mechel Wins Award for Developing Elga Coal Deposit

Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its subsidiary Mechel Mining OAO won the Minex-2012 Mining Excellence Award’s Investor of the Year nomination for implementing the project on development of the Elga coal deposit. The award committee’s independent experts evaluated …

Mechel Announces Signing Cooperation Agreement with Russia’s Economic Development Ministry

 Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing an agreement with the Russian Federation’s Economic Development Ministry for cooperation aimed at support and development of the Group’s external economic operations. Within this agreement’s framework, the Economic Development Ministry will lend its …

Centuryply launches NESTA Furniture Store in Kolkata

The City of Joy embraces the authentic, stylish and exclusive furniture destination from the house of Centuryply Highlights- Centuryply plans to open 111 stores with 3.5 million square feet of retail space within the next 3 years The company plans to have about 35 stores in the Eastern Region An ET 500 company and a market leader in Plywood …

Become a good soul, the Social Media will follow

Social Media Marketing, like most things new, have its early adopters, early embracers and a whole world of people vaguely aware of the term – blind men shooting in the darkness on a moonless night. It is simple; it is easy to use and in its simplicity, incomprehensible to the corporate honchos used to their …