The Gujarat High Court on Wednesday directed the Central government to allocate natural gas to Ahmedabad city under APM (administered price mechanism) price which is at present applicable to cities like Delhi and Mumbai.

Allocate gas to A'bad under APM: Guj HC

Business Standard

Taking over as the new President of India, Pranab Mukherjee, in his acceptance speech today, described the battle against terrorism as the &ldquo;fourth world war&rdquo;, as &ldquo;it can raise its evil head anywhere in the world&rdquo;. Mukherjee said, as &ldquo;guardian of the Constitution&rdquo;, his prime responsibility would be to &ldquo;preserve, protect and defend our Constitution, not just in word but also in spirit&rdquo;.

Battle against terrorism is fourth world war: Pranab

The special court for economic offenses on Wednesday sentenced state secondary education minister K Parthasarathy to a two-month imprisonment and imposed a fine of Rs 515,000 in a Foreign Exchange Regulations Act (Fera) violations case, which was initiated by the Enforcement Directorate against his firm over 11 years ago.

Minister gets 2-month jail term in Fera violation case

The Andhra Pradesh government is planning to revive the leather industry in the state by promoting seven leather clusters for providing basic infrastructure for artisans and small and medium enterprises, starting this year. This comes after a complete closure of the leather and value-addition activities, including the tanneries, last decade.

AP to promote seven leather clusters

Oil marketing companies (OMCs) have reworked the surcharge paid towards various state levies. This has led to prices of petroleum products increasing in states such as Maharashtra, Assam and West Bengal and declining in others such as Gujarat and Karnataka.

Fuel prices see state-wise change

Amid uncertainty over tax treatment of investments from Mauritius, a tax tribunal has ruled that capital gains on sales of shares in India by a Mauritian company cannot be taxed.

Tax tribunal upholds Mauritian treaty benefit

A meeting of the nine-member ministerial panel set up to frame the powers of the proposed regulator for the coal sector remained inconclusive today.

Ministerial panel on coal regulator agrees on pricing authority

The high-powered committee of the Kerala State Electricity Board (KSEB) has decided to urge the State Electricity Regulatory Commission to allow realisation of higher power tariff from domestic consumers, who consume more than 150 units a month.

Kerala State Electricity Board for hike in power tariff

Japanese car maker, Suzuki Motor Corporation on Wednesday offered to train 500 youth from Gujarat for its proposed extended manufacturing facility near Becharaji in the state.

Modi meets Suzuki chief

Trades between FIIs generated a volume of Rs 31 crore on the BSE Wednesday-an increase of 10.66% from Rs 28 crore clocked on Tuesday. As many as three stocks witnessed trades of 3.45 lakh shares on Wednesday.

FII-TO-FII TRADES: PNB traded at 8% premium

The National Stock Exchange (NSE) and the city-based Bharati Vidyapeeth Deemed University (BVDU), signed an agreement to launch a two-year MBA programme in financial markets and a three-year BBA course (Bachelors in Business Administration) in financial markets, starting from August this year.

NSE, BVDU sign MoU to offer MBA course

The week-long Nationalist Congress Party (NCP)-Congress stand-off blew over today with NCP chief Sharad Pawar meeting Prime Minister Manmohan Singh and Congress President Sonia Gandhi this evening. That the settlement came on a day when Pranab Mukherjee took over as President helped bring relief to the United Progressive Alliance (UPA) camp, plagued with ally trouble.

Ally trouble: NCP-Cong deadlock breaks

A majority of the stocks that the National Stock Exchange (NSE) has decided to remove from the futures and options (F&amp;O) segment took a beating on Wednesday due to unwinding of positions by traders.

Stocks expelled from F&O take a beating

HCL Technologies on Wednesday created a clear number two position in the company by appointing Anant Gupta as president and chief operating officer. The move comes amidst persistent buzz that Vice-Chairman and CEO Vineet Nayar is preparing to call it a day &mdash; something he has been denying.

HCL Technologies gets second-in-command

Pune based mid-sized IT services and solutions firm Zensar Technologies, part of the RPG Group,has posted double increase in the net profit&nbsp;at Rs 54.56 crore for the first quarter FY12 ended June 30, 2012, up by 101.5 cent from Rs 27.07crore in the&nbsp;corresponding quarter last financial year.

Zensar's net up 101%

Pune based pigment producer company Sudarshan Chemicals Ltd has won a patent case against German pigment&nbsp;manufacturer Clariant Produkte which was claiming that Sudarshan pigment, SudafastR Yellow 132 (PY191) has infringed its patent, Sudarshan said in a statement. It was also held that Clariant had issued unlawful threats to&nbsp;potential customers of Sudarshan.

Sudarshan Chemicals wins patent case against Clariant

International Institute of Information Technology, Hyderabad (IIIT-H), is planning to launch VRGeo mobile application by August.

IIIT-H to launch mobile app by August 

Capital expenditure by Indian companies would dip by 14 per cent in 2012-13, says a poll of 200 companies (including 170 private sector companies) by CRISIL Research.

Capex by Indian companies to dip by 14% in FY13: CRISIL

Haryana State Industrial Development Corporation (HSIIDC) on Wednesday said Maruti Suzuki was willing to pay enhanced compensation to farmers for land acquisition in Manesar, as had been directed by a Supreme Court order. Sources in HSIIDC confirmed that both Maruti Suzuki and Honda Motorcycle and Scooter India had agreed to pay enhanced compensation. &ldquo;Since the amount for Maruti Suzuki is substantial, the payment is taking time,&rdquo; said a senior official.

Maruti to pay enhanced land costs at Manesar

HCL, the country&rsquo;s fourth-largest information technology services company, has continued its strong financial performance, beating the expectations on all parameters in the just-ended financial quarter.

HCL beats slowdown blues

The Reserve Bank of India (RBI) might ease some norms for microfinance companies to ease the burden of provisioning in the Andhra Pradesh loan portfolio, said a senior RBI official.

BS Reporter