Jessop unit revival

Durgapur, Jan. 21: The Durgapur unit of Jessop India will again start production in six months, industrialist Pawan Ruia said here today. There will be a Rs 35-crore investment to revive the unit, Ruia said during a visit to the defunct plant that has all the facilities of a major manufacturing unit. He said the retired skilled workers could be re-instated to start production at the facility.

Russia ties

New Delhi, Jan. 21: Ficci has suggested a three-pronged strategy, including setting up an institutional mechanism to sort financial problems faced by exporters, to boost Indo-Russia trade and investment and take it to $5 billion in the next five years.

Jute strike

Calcutta, Jan. 21: The stalemate between trade unions and managements leading to the indefinite strike in jute mills since January 5 has led to production losses worth Rs 140 crore to Rs 160 crore. The jute industry was losing Rs 7 to 8 crore daily with 48 jute mills in the organised sector hit.

IBM growth

New Delhi, Jan. 21: Recognising India, Brazil, Russia and China among the fastest growing IT markets globally, IBM expects over two times the worldwide growth rate from its operations in these regions in the next four years.

Home loans

New delhi, Jan. 21: The Construction Industry Development Council has sought easy bank lending and fiscal incentives in the coming budget to promote rural housing.