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Essar Oil in pact with Colombia

The Essar Oil has entered into an agreement with the largest and primary petroleum company in Colombia. As per the agreement the Colombian Ecopetrol is to sell 12 million barrels of its castilla crude oil to Essar Oil over one year, in a deal worth US$1.2 billion (around 6,720 crore). Essar’s interest in Colombia reflects a recent boom, with production ...

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CII Business Delegation to Colombia, Venezuela and Cuba

Mr. Jyotiraditya Scindia, the Minister of State for Commerce and Industry is to lead a 25 member strong CII business delegation to Colombia, Venezuela and Cuba. The delegation will have strong focus on enhancing business and investment ties with these countries. This visit is expected to give the necessary impetus to bilateral trade and investment. The multi sector profile of ...

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DirectoryM partners with publisher

Online business directory startup DirectoryM has announced a content license partnership with John Wiley & Sons Inc., which publishes the “For Dummies” series of books. As part of the deal Cambridge, Mass.-based DirectoryM will publish content from the John Wiley & Sons (Nasdaq: JWa and JWb) series of how-to books on its local online content platforms for businesses. Terms of ...

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DEQ cites permit violation by SME

Southern Montana Electric Generation and Transmission began construction of Highwood Generating Station east of Great Falls before its air permit became final, a violation that could carry financial penalties, according to the state Department of Environmental Quality. SME disagrees with the alleged violation. “We’ve tried to work with the DEQ all along,” SME CEO Tim Gregori said. A federal rule ...

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Viking Direct/Office Depot and WinWeb Announce Exclusive Strategic Alliance to Help Small Business

Viking Direct – part of Office Depot, a leading global provider of office products and services – together with WinWeb, the leading on-demand small business infrastructure provider, announced that they have entered into an exclusive strategic alliance to provide Viking Direct’s small business customers with access to WinWeb’s OnlineOffice™ product.Viking Direct has been granted exclusive rights by WinWeb to offer ...

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Umsobomvu slashes rates to small business

UMSOBOMVU Youth Fund is cutting its base interest rates by 2.5 percent, effective from next month, in response to the global credit crisis. The fund announced its new plans to assist small, medium and micro enterprises yesterday, but the Young Communist League dismissed the plans as “too little, too late”. Buti Manamela, national secretary of the league, said: “They have ...

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New site highlights small businesses

Austin City Council Member Sheryl Cole announced the launch of a new program designed to draw attention to local small businesses. ExploreLocalAustin .org is a Web-based program that will initially highlight 275 businesses in five distinct districts throughout the city. The program uses a mapping application to highlight local business owners in each of the five areas through a video ...

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Canada: Small businesses, employees held hostage by Ottawa transit strike

The Canadian Federation of Independent Business (CFIB) is calling on Ottawa’s Amalgamated Transit Union Local 279to immediately return to the bargaining table to end the already damaging Ottawa transit strike. “The few weeks leading up to Christmas are a make it or break it time for many small businesses,” said Garth Whyte, executive vice-president for CFIB. “The union is holding ...

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