Seforge Limited, a Suzlon Group subsidiary, said it made an agreement with an undisclosed wind turbine manufacturer for the supply of machined tower flanges, used for wind towers, over a period of three years. The Rs 367 crore contract covers supply of flanges for wind turbine towers for projects in India and international markets.

Suzlon arm signs Rs 367-cr agreement

Business Standard

The Ministry of Corporate Affairs (MCA) is looking into the financial disclosures made by Unitech for 2009, the year the Unitech-Telenor deal had happened.

Ministry seeks details of disclosures

State governments must chart individual plans to boost their manufacturing sector so as to help make its contribution 25 per cent of the country&rsquo;s overall gross domestic product (GDP) by 2025, the Planning Commission said on Wednesday.

'Enable states to plan manufacturing sector growth'

Private sector insurer Bharti AXA General Insurance Company Ltd is eyeing big in the state of Assam as the company plans to double its business in the state by the end of 2012 calendar year.

Bharti AXA to double its business in Assam by 2012

Trouble continues for the ailing carrier Kingfisher Airlines as the oil-marketing companies stopped supplying fuel to the airline because their bills have not been settled.

Oil cos stop fuel supply to Kingfisher

Foreign institutional investors (FIIs) were net sellers of Rs 504.59 crore (provisional) today, according to data released by BSE.

FIIs net sellers of Rs 505 cr in cash mkt today

D-Link, the global networking and connectivity solutions provider, launched 'personal cloud' networking solution for the Indian consumers. The mydlink Cloud product line include D-Link Cloud Router, D-Link Cloud Camera and D-Link Cloud Storage.

D-Link launches 'mydlink cloud services'

Chhattisgarh government cleared the deck for the creation of an extension centre of the Indian Institute of Technology (IIT) in Raipur.

Chhattisgarh govt gives nod to extension centre of  IIT Raipur

The National Stock Exchange (NSE) has launched a Know Your Customer (KYC) Registration Agency, or KRA, through its subsidiary, Dotex International. The move follows a Securities and Exchange Board of India circular, asking exchanges and depositories to start KRAs. The regulator&rsquo;s initiative was aimed at benefitting investors, as their paper work would be reduced and they would have the option of going to another intermediary without repeating the KYC formalities.

NSE launches KYC Registration Agency

Zynga, a player in social gaming services, said it has launched a new Zynga Platform,which&nbsp;will enable players to discover and play social games created by third party game developers in a bid for players&nbsp;to reach newer audiences and make their games even more social.&nbsp;As part of the initial roll out, Zynga will debut the beta release of Zynga.com, the company&rsquo;s new destination for social games.

Zynga unveils new platform for gaming

The ministry of finance, Department of Revenue, has announced the selection of Batsala Jha Yadav as the director of Advance Pricing Agreement. Yadav, additional DIT, has been selected as director of in Foreign Tax and Tax Research division in the Department of Revenue.

Govt appoints APA director

Federal Bank has become the country&rsquo;s first private sector lender to cut its base rate, or the minimum lending rate, after the Reserve Bank of India (RBI) changed its stance on monetary tightening last year. The Kerala-based bank cut its base rate by 10 basis points to 10.65 per cent. The new rate is effective from yesterday.

Federal Bank cuts base rate by 10 bps

Rourkela Steel Plant (RSP) a unit of the maharatna company Steel Authority of India (SAIL), has registered the best ever crude steel as well as saleable steel production in the April-February period of 2011-12. In the said period, the steel plant clocked 1.97 million tonnes of crude steel and 1.87 million tonnes of finished steel, thereby achieving 113.3 per cent and 122.8 per cent of capacity utilization.

RSP registers best ever April-February performance

The Rs 3500 crore Shamuka project in Puri, billed as the showpiece project of the Orissa government, will go through the re-bidding process for establishment of five star hotels at the site as the earlier bidders have not submitted their financial bids citing economic slowdown.

State govt to invite fresh bids for Shamuka project

The number of non-fatal accidents at factories across Gujarat has dropped from 8584 in 2000 to 2430 in 2010, says Sure Safety, a Vadodara-based industrial safety solution provider. The company cites the data spanning a decade from the Director Industrial Safety and Health, Labour and Employment Department of the Government of Gujarat.

Non-fatal accidents in Gujarat factories decline

Barely a week after publicly venting its discontent against the state government for not lifting restriction on entry of its officials to the project site, Posco India is understood to have taken a u-turn.

Posco India in damage control mode

Multi Commodity Exchange of India Ltd will be listed later this week on Friday on the Bombay Stock Exchange. The company's IPO was heavily subscribed last week.The IPO got over-subscribed more than 54 times with bids worth about Rs 36,000 crore, as against the targeted proceeds of up to Rs 663 crore through sale of 64.27 lakh shares.

MCX to list on Friday

The Mumbai Metropolitan Region Development Authority (MMRDA), the planning and development agency of Mumbai presented its Rs 4,825 crore budget on Tuesday. MMRDA allocate Rs 873 crore for the monorail and Rs 338 crore for the metro rail project.

MMRDA presents Rs 4,825-cr budget

The rupee on Tuesday breached the 50-mark against the dollar after nearly six weeks, closing at 50.37, compared with yesterday&rsquo;s close of 49.84, owing to equity markets weakening after the election results of five states. The results made investors worry about economic reforms.

BS Reporter