UBIL eyes Rs 20 cr in sales, 3% market share in India

Ultralife Batteries India Ltd (UBIL) is aiming for up to 2-3 per cent market share in India in the next five years, mainly targeting renewable energy segments and institutional sales.
UBIL, a subsidiary of US-based Ultralife Corporation is looking for sectors such as defence, medical, telecom markets, besides renewable energy-based solutions as solar powered LED street lights for expansion.
"Next two years, we are aiming to have sales of Rs 20 crore with 2 to 3 per cent market share of battery segment in next five years," UBIL Director B R Ganesh told PTI.
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Shopo clocks 1 lakh sellers in less than a year * Shopo, Snapdeal's zero-commission marketplace, today said it has crossed the one-lakh mark for its seller base in less than a year since its launch.
This is a testimony to the value of Consumer to Consumer (C2C) commerce in giving micro and small businesses a digital identity to expand their business reach, Shopo said in a statement.

It added that the company remains on track for getting 10 lakh sellers on board this year.
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CMI bags order from BHEL for supply of cables * Specialty cables manufacturer CMI has bagged an order from Bharat Heavy Electricals Ltd for supply of instrumentation cables to the super thermal power project of NTPC.

"CMI Ltd... Has recently bagged a prestigious order from Bharat Heavy Electricals Ltd - Project Engineering Management (BHEL PEM), valued at Rs 6.53 crore for the Supply of instrumentation Cables to the Super Thermal power project of 3 x 660 MW at North Karanpura project of NTPC," the company said in a BSE filing.
Hartek Power announces execution of solar proj in Chandigarh
* The Chandigarh-based engineering, procurement and construction company Hartek Power today announced the execution of the planned city's first solar project in commercial category at Chandigarh Technology Park in Kishangarh.
"This 436-kWp project is the largest solar PV project to be commissioned in Chandigarh...Taking Chandigarh a step closer to becoming a Model Solar City," the company said in a statement.

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Canara HSBC OBC launches Assured Nivesh, Smart Suraksha plans * Canara HSBC Oriental Bank of Commerce Life today added two new products to its suite - Assured Nivesh Plan and Smart Suraksha Plan - both designed to protect and meet the future financial needs.
Assured Nivesh Plan is a traditional endowment plan that caters to the need of savings along with life cover in a single plan.
Smart Suraksha plan is a cost effective pure protection plan that provides insurance coverage against untimely death.
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New Director appointed in HLL

Thiruvananthapuram: The Union Ministry of Health and Family Welfare has appointed E A Subramanian as Director- Technical and Operations, of the Central PSU HLL Life Care Limited.
Backed by 30 years of experience in management services, Subramanian is a chemical engineering graduate from Thrissur Government Engineering College.
He previously served as the Managing Director of Bengal Chemicals and Pharmaceuticals Limited and CEO of Chennai-based HLL Biotech Limited, a press release said.
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London Business School (LBS) felicitates Rana Kapoor * Yes Bank today said The London Business School (LBS) has felicitated Rana Kapoor, Managing Director and CEO of the bank for his 'Exemplary Contribution to Entrepreneurship and Innovation'.

He was conferred the award at The India Business Forum 2016, which is the annual flagship conference of the London Business School India Club, it added.