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Centre of Excellence for MSME at IISc

The Centre is a joint initiative of Ministry of MSME and IISc, under an MoU signed between them

Vedanta seeks SEZ sops to run aluminium plant

A meeting at the level of the chief secretary is scheduled for June 19 to discuss various issues pertaining to SSL

Odisha gets 2.8 mn domestic tourists in Jan-Mar 2014

Among foreign tourists, UK, USA and France were the top three countries contributing to tourist footfall

Chief minister to lay stone for palm cultivation centre

Karnataka govt is offering subsidy for palm cultivation over a period of three years to promote increased cultivation of the hybrid variety

Edelweiss's public issue of bonds oversubscribed

Bonds were offering interest rate of 12.00% per annum with monthly, annual and cumulative options

Public sector lenders' NPAs may shoot up again: Icra

The report also warned that PSBs' fresh NPA generation rate may remain at elevated levels in the short-term

GlobalLogic sets up centre in Slovakia

PE player Apax partners had acquired the company last year for $420 million

Rupee ends at seven-week low

Yield climbs up 7 basis points

SBI Life files special leave petition in SC

Petition is in response to Allahabad HC order asking Irda to scrutinise all policies of SBI Life

UBI plans to raise up to Rs 1,000 crore via QIP, rights issue

This is in addition to Rs 575 crore it aims to raise by issuing equity shares on a preferential basis to the government and LIC

Sesa Sterlite seeks SEZ benefits to run aluminium SEZ

The state government had repealed its erstwhile SEZ policy, 2003 and was giving final shape to a new one

Reliance Capital exits low yielding car loan financing business

Focuses on high yielding segments in rural areas

Rajan dismisses idea of unified regulator

Terms FSLRC's proposals on size and scope of regulators schizophrenic

UP Governor BL Joshi quits

President accepted Joshi's resignation and gave Uttarakhand Governor Aziz Qureshi additional charge of UP

RBI watching inflation, Iraq developments closely: Rajan

Reserve Bank chief says country better prepared to fight external shocks

Government to look into Vodafone's disclosure on interception

The telecom major had said India was one of the 29 countries that sought access to its network to intercept calls, text messages and e-mails during the previous fiscal

Govt to make e-clusters in 8 cities: Prasad

Sops for companies setting up units in 8 others

Reform gas price regime: BP chief Dudley

I'm hopeful that the new government will move the price up. It's very important, or the entire offshore industry in India is at risk: Bob Dudley

DTH companies seek relief from multiple taxes

Currently, the DTH operators pay the central govt 10% (of annual revenue) in the form of licence fee and 12.3% as service tax

Govt initiates steps to cool food prices

Moves to lower onion, potato, fruit, pulses, rice and edible oil rates