JSW Steel Ltd has decided to strengthen its focus on rural market.

To get deeper into the rural market, Mr. Sajjan Jindal, Vice-Chairman and Managing Director of JSW Steels, said that the company, which has already opened 60 retail outlets through franchisee route, is planning to take it upto 600 outlets allover India by the next two years.

While talking to media persons at a seminar organized by NMDC in Hyderabad on Monday, Mr. Sajjan said that the company’s overall exports figure accounted for 40% of its production.

In a significant move, the state run Employees State Insurance Corporation (ESIC) has announced that it has awarded Rs. 1,182 crore outsourcing contract to IT major, Wipro Infotech.

ESIC is a constitutional firm which works under the Ministry of Labour & Employment, Government of India. It is considered as the main implementing agency of social security scheme in the country.

Tata Motors has announced that it has signed up a vehicle finance tie-up with State Bank of Travancore.

With this, India’s biggest automobile company aims to offer an added facility of car finance to its clientele.

The bank offers car loans up to 85% of invoice, for term ranging up to 7 years, at a very competitive rate of 10% up to May 15, 2010 for loans sanctioned on or before April 30, 2009.
 
The facility will be available at SBT divisions and 470 sales touch points of Tata Motors.

Reliance Communications, on Thursday, has made announcement about the launching of a new wireless Internet service, called Reliance Netconnect Broadband Plus, which is based on the CDMA technology.

The telecom major claims it to be the fastest internet service in the country till date.

With a downlink speed of up to 3.1 mega bytes per second (Mbps) and a separate uplink speed of up to 1.8 Mbps, the newly launched service offers 30% higher downlink rate as compared to any other wireless broad band offering.

US-based $2.8 billion Perot Systems would open a new facility in Chennai and one in Coimbatore in a bid to expand its business in the country. The new facility is aimed to bring the company's worldwide BPO (business process outsourcing) operations in a single floor to deliver efficient results. The company has already invested about $2 million for these facilities to make them operational by the end of March.

CanWest Global Communication Corp. dropped out of The Canadian Press national news organization in 2007, and now Sun Media Corp. is following in its footsteps. Quebecor-owned Sun Media has given notice that it plans to pull out of The Canadian Press and form its own news-gathering service.

Canadian Press executive editor Gerry Arnold told the Globe that is was already planning to restructure it co-operative configuration in which none of the news papers will be a part of the cooperative anymore. Instead, they will now function as commercial customers of the agency and will buy services.