BS Reporter
BS Reporter
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Mindtree net profit up 6.8% annually
Revenue for the quarter was up 15.5% on a y-o-y basis at Rs 888.6 crore
 "Mindtree net profit up 6.8% annually")
Irda sets up working group on harmonising insurance rules with new Companies Act
R K Nair, member-finance and investment at Irda will be the chairman of the group
 "Irda sets up working group on harmonising insurance rules with new Companies Act")
Guidelines to set up small finance banks soon: Rajan
RBI governor says such banks will cater to small customers across the country
 "Guidelines to set up small finance banks soon: Rajan")
AdNear raises $19 mn in Series B funding
AdNear, which has offices in India, has developed insights from anonymous device users across Asia Pacific using their historical location footprint and real-world offline data
Taiwanese tyre-maker Maxxis to set up Rs 400 cr plant in Sanand
Company will need around 35 acres of land and will soon begin formal application process
 "Taiwanese tyre-maker Maxxis to set up Rs 400 cr plant in Sanand")
BSE Brokers' Forum to set up back office operations at GIFT City
The members of the forum hold 40% equity in the Bombay Stock Exchange
 "BSE Brokers' Forum to set up back office operations at GIFT City")
Gujarat sees fall in new investments in Q2 of FY15
CMIE analysis shows Gujarat ranked 8th below UP, Rajasthan
 "Gujarat sees fall in new investments in Q2 of FY15")
Capital raising via QIP in first half tops Rs 20,000 cr
Buoyed by sharp rally in the stock market and robust inflows from foreign institutional investors
 "Capital raising via QIP in first half tops Rs 20,000 cr")
Kerala ups support price for rubber by Rs 5/Kg
It was decided to increase the support price by Rs 5 a kg to Rs 176, the rate at which the state government would be procuring from farmers
 "Kerala ups support price for rubber by Rs 5/Kg")
Post offices in Mysore initiate new services
Postal Life Insurance is being made online and core banking facility is being extended to all post offices in the city
No shortage of funds for bankable projects, says SBM chief
SIDBI provides long term finance to MSMEs to meet their requirements on very nominal terms
SpiceJet set to disconnect Mysore airport
With SpiceJet announcing the suspension of its flights to Mysore Airport, the airport will once again go off the air map
 "SpiceJet set to disconnect Mysore airport")
Karnataka to revise biotech policy soon: minister
Bangalore has also emerged as the biotech capital of India and is next only to China in Asia
Punjab solar power plant boosts 'sufficient power' hopes
The Union ministry of non-conventional & renewable energy has in-principle agreed to set up an ultra mega solar power park
 "Punjab solar power plant boosts 'sufficient power' hopes")
Punjab opens 2 mn accounts under Jan Dan Scheme
Till September 30, 14,745 camps have been organised across the state and 19,76,150 accounts have already been opened
Floatel to sail to Mumbai?
Maharashtra government wants to participate in the project on a profit-sharing basis
Odisha may demand Rs 1,000 cr for Hudhud damage
The memorandum to Centre would contain the number of villages hit by the cyclone, the rainfall received by the affected districts
 "Odisha may demand Rs 1,000 cr for Hudhud damage")
Odisha may go slow on Rs 8,000-cr coal corridor
SC's de-allocation of the coal blocks may result in cancellation of almost all the non-CIL coal blocks in this region
 "Odisha may go slow on Rs 8,000-cr coal corridor")