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Retail Inflation For January Eases To 5.07%, IIP for December at 7.1%

The annual retail inflation slightly eased in January to 5.07 per cent from the 17-month high hit in December, as food prices ebbed, data from the Ministry of Statistics showed on Monday. Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December — a 17-month high, and 3.17 per cent in January last year. On the other hand, the growth of India’s factory production slowed in December to 7.1 per cent from a rise of 8.80 per cent in November and a 2.4 per cent…

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ArcelorMittal Submits Offer For Debt-Laden Essar Steel

The steel major said Essar would also have access to deep technical expertise London: ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution process for Indian steel company. In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and aimed at improving its performance and profitability. “Essar provides a compelling opportunity for us to enter the high growth Indian steel market. The…

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UBI Posts Rs. 637.53 Crore Net Loss In Q3

United Bank of India’s operating profit saw a 65.76 per cent fall to Rs. 181.53 crore Kolkata: State-run United Bank of India (UBI) on Monday reported a net loss of Rs. 637.53 crore for the quarter ended December 31, 2017, as compared to a net profit of Rs. 64.10 crore for the a year-ago period. The net loss for the quarter was on the back of sharp fall in operating profit and a huge increase in provisions to cover rising bad loans.During the quarter ended December, the bank’s operating profit saw a 65.76 per cent fall to Rs. 181.53…

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How to Use Facebook’s Workplace for Small Business

Facebook’s Workplace has been on the market for a little over a year and has seen rapid adoption by organizations of all sizes around the world. According to Facebook, more than 14,000 companies use Workplace as their internal team collaboration tool. Given people’s familiarity with the social media giant, it’s no surprise that large companies such as the Royal Bank of Scotland and Walmart are using Facebook’s enterprise version with the goal of improving employee communicate and increasing productivity. The questions is, how can small businesses use this tool effectively? How…

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You Can Thank Us Later — 5 Ways Low-Code Tools Help Small Businesses

Small businesses need to use software to stay efficient and increase profits. Now, low-code technology is making it possible to create custom apps without the need for prior coding experience. Low-Code Software Examples Small Business Trends contacted FileMaker, a custom app company, to get some low-code software examples of specific areas where the technology they supply helps small businesses. Productivity Sometimes, people working on the same project are in different locations if your business is creative. For example, a video or television production company might need to bring things together from…

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SMALL BUSINESS OPTIMISM UP IN BC

The latest Business Barometer survey by the Canadian Federation of Independent Businesses shows British Columbia’s small business optimism increased 2.4 points in January. This brings the total level to 66.7 points, meaning the economy in the province is growing at its potential. So what does that mean for small business owners in Northern BC? “They’re looking to expand a little bit more. When we look at the level we’re at now, above 65, it means that the majority of small business owners surveyed are actually looking to expand so that’s a good sign.,” explains…

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