Deccan Cements Q4 net declines 41pc at Rs 9.96 cr

Deccan Cements today reported a 41 per cent fall in standalone net profit at Rs 9.96 crore for the quarter ended March 31.
The firm had clocked a net profit of Rs 16.81 crore in the year-ago period, it said in a regulatory filing.
However, total standalone income of the company declined by 4 per cent to Rs 141.12 crore in January-March quarter of last fiscal from Rs 147.61 crore during January-March of 2014-15.
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Mahindra, TERI to work for energy efficiency in housing sector * Realty firm Mahindra Lifespaces and TERI have partnered to set up a center of excellence for improving energy efficiency in housing projects.

The Energy and Resources Institute (TERI) and Mahindra Lifespaces today announced the "creation of a Center of Excellence (CoE) focused on improving energy efficiency in India's residential buildings sector, the Mumbai-based developer said in a statement.

'Coimbatore needs to be promoted as a brand'
* There is a need to promote brand Coimbatore as the largest textile hub, Southern India Chamber of Commerce and Industry said here today.
Chamber President Palani G Perisamy said the city is the largest hub not only for textiles and clothing manufacture, but also for textile machinery, spares, accessories and equipment manufacture.
Stressing the need for branding the city, he suggested the need to organise 'Fashion Shows' to improve marketability, with focus on quality.

Though there was tremendous potential to grow, the industry needed intervention of the State Government to make it globally competitive, he said at the 10th Edition of Texfair 2016 here.
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IIM-B in top 50 of '2016 SCM World University 100' Ranking * Indian Institute of Management Bangalore (IIMB), at the 31st position, has become the only Asian Management school to be ranked in the prestigious '2016 SCM World University 100' survey by SCM World.
IIMB has been ranked alongside universities like University of Michigan, Massachusetts Institute of Technology, Stanford University, INSEAD, University of Texas at Austin, among others.

IIMB has been actively pursuing supply chain management as a major area of teaching and research, the institute said in a release.
(UPDATING WITH 'NUCLEUS' BRIEF)
Tata AIG General in distribution pact with Bank of Baroda * Tata AIG General Insurance Company today said it has entered into a corporate agency agreement with Bank of Baroda to distribute its products to the public lender's customers.
"We are proud to partner with Bank of Baroda to provide general insurance solutions for the bank customers. Bank of Baroda has one of the largest distribution networks in India with a very strong customer franchise," Tata AIG General Insurance said in a release.

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LMW develops solar-powered mini ring frame * Coimbatore: Textile machinery manufacturer Lakshmi Machine Works claims to have designed and developed a user-friendly solar-powered mini-ring frame, which would benefit the Khadi industry.
The company, as part of its Corporate Social Responsibility (CSR) initiative, had joined hands with the Ministry of MSME for developing the new machine to help the self-employed youth in rural areas.
The mechanised mini-ring frame with 32 spindles is driven using solar energy and designed with a host of features that ensure high productivity, quality of yarn and also provide utmost safety and user-friendliness, the statement said.

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Nucleus appoints Ritika Dusad as addn Non-Executive Director * Nucleus Software Exports today said that its Board has appointed Ritika Dusad as Additional, Non-Executive Director of the company with immediate effect.
"Dusad will serve as an Additional Director of the Board till the next General Meeting of the company, when her appointment as a Non-Executive Director will be placed for approval of the shareholders of the company," Nucleus said in a BSE filing.