1) IBM announced a strategic partnership with HMEL to jointly design and implement a zero residue refinery. 2) SBI will look to integrate remaining associate banks following its merger with State Bank Indore, prioritizing mergers that are relatively fast and easy. 3) Western Union will soon start transferring money through Bandhan Financial Services, India's fourth largest microfinance institution.

1. By- BhawanaChawla MBA-2C WEEKEND NEWS

2. IBM ties up with HMEL Global IT major IBM announced its strategic partner in the design and implementation of zero residue refinery being set jointly by HPCL-Mittal Energy Ltd.(HMEL),a joint venture between Hindustan Petroleum Corporation Limited and Mittal Energy Investments, a company of Lakshmi N Mittal Group.

3. Following the merger of State Bank Indore, the bank will now look at integrating the remaining associate banks. SBI would priortise the mergers based on which will be relatively fast and easy. After Indore, SBI plans merger of other siblings.

4. Western Union to start sending the money through Bandhan Route. It transfers $71 billion a year globally, will soon start sending money through Bandhan Financial Services, the country’s fourth largest microfinance institution.

5. FMCG cos hire locals on way to hinterland Consumer goods companies are stopping to pick up local talent as they drive deep into the country. Companies are hiring field staff from many areas to sell products as diverse as shampoos, edible oil and even pizzas.

6. After furore over new norms for ULIP, the private insurance companies are focusing on segments like health insurance and child insurance products for growth in the current financial year. Insurers eyeing health and child insurance for growth.

7. Eyeing business potential in the fast growing telecom sector, footwear major Liberty group has tied up with Israel-based Runcom Technologies to offer Wi-max mobile broadband and communication services. Liberty footwear enters telecom; to offer Wi-max