Daikin Air-conditioning India Ltd, the Indian arm of Japanese firm Daikin Industries, expects an annual growth of 20 per cent in the next three years in the Indian market.

Daikin India eyes 20%  growth by 2014

Business Standard

Trades between FIIs generated a volume of Rs 28 crore on the BSE Tuesday-an decrease of 71.97% from Rs 98 crore clocked on Monday. As many as six stocks witnessed trades of 6.69 lakh shares on Tuesday.

FII-TO-FII: IndusInd Bk traded at 7% premium

Chennai-based Olympic Cards Limited has received the Securities and Exchange Board of India&rsquo;s approval for its Draft Red Herring Prospectus (DRHP). The company will soon enter the capital markets with a public issue of up to Rs 27 crore to fund its proposed expansion plan for retail and manufacturing.

Olympic Cards gets Sebi nod for IPO

The government has decided to fast-track the clearance of roads and highways projects in the remaining months of the current financial year.

PM for speedy clearance of road projects

Networking solution provider Cisco is planning to tap 14 non-metro cities in India and accelerate its presence in the small and medium businesses (SMBs) across segments.

Cisco to tap non-metro cities

Xavier Labour Relations Institute (XLRI), Jamshedpur, has not been impacted by the economic downturn, as reflected in its Final Placement Report for 2012 released on Tuesday. The B-school saw 98 per cent of its students getting placed within the first three days of the placement process.

Surge of job offers at XLRI Jamshedpur

The net profit of Bombay Stock Exchange (BSE) has witnessed a year-on-year (y-o-y) decline of 23 per cent for the third quarter ended December 2011. According to analysts, the profit has taken a hit due to allocation of funds since September to liquidity enhancement or market making schemes.

BSE Q3 net dips 23% on market making spends

Puravankara Projects, Bangalore-based publicly-held realtor, is looking to roll out 17 million square feet of residential projects in the near future. The company, which focuses as much as 95 per cent on residential projects, said approvals for these projects were in the pipeline and they hoped to have them in place in 12-18 months.

Puravankara plans 17 mn sq ft of projects

To maximise power bill collection amid non-cooperation of employees, the Odisha Electricity Regulatory Commission (OERC) has directed all private electricity distributing companies (Discoms) to take stern action against their agitating workers.

OERC orders strict action on power bill collection

Bangalore-based Sonata Software on Tuesday said the company&rsquo;s CEO and Managing Director Sanjay Viswanathan had resigned. Viswanathan was appointed the CEO and MD of the company in August 2011 after the resignation of B Ramaswamy. According to a release from the company the present Deputy Managing Director and COO of Sonata Srikar Reddy will replace Viswanathan as the chief executive. When contacted by Business Standard, Sanjay Viswanathan, said: &ldquo;The reason for the resignation was personal and didn&rsquo;t want to comment more on it. During my career, most part of the time I was in London. I have a couple of offers now. I need some time to finalise on it.

Sonata CEO resigns

US-based Symphony Service Corporation, a player in global product development services for independent software vendors (ISVs) said it has entered into a definitive merger agreement with Teleca to create&nbsp;Symphony Teleca Corporation. The company is present in Indian market at centers like Pune, Delhi and Bangalore.

Symphony partners with Teleca

The Reserve Bank of India (RBI) on Tuesday said it will allow non-banking institutions to set up, own and operate ATMs.

RBI mulls ATMs by non-banking entities

DPSC Ltd, one of the oldest power utility companies in India, has posted a marginal 0.37 drop in net profit for the third quarter of the financial year ended on December 31 to Rs 2.71 crore, as compared to Rs 2.72 crore for the same period previous financial year.

DPSC posts marginal drop in net profit

With the European crisis affecting the flow of tourists from the European countries to Switzerland, the Switzerland Tourism division is focusing on countries like India to sustain growth in tourism sector.

Swiss solicits tourists from India amidst EU crisis

The Spices Board of India has been undertaking programmes throughout the country especially in the states of Gujarat, Rajasthan, Madhya Pradesh, and Andhra Pradesh to effectively link the spices farmers of these states to the supply chain linked to exports.

Spices Board steps in to empower farmers

While contractualisation of labour and deciding a minimum wage for workers dominated debates at the inaugural day of the 44th Indian Labour Conference (ILC), Prime Minister Manmohan Singh steered clear of both these contentious issues.

PM stays clear of sticky issues at labour meet

The Indian Institute of Technology, Gandhinagar (IIT-Gn) has joined hands with US-based Underwriters Laboratories Inc. (UL), USA, a not-for-profit product safety testing and certification organisation for a student research project in solar power.

IIT-Gandhinagar, UL join hands for solar power research

Vadodara-based Diamond Power Infrastructure Limited (DPIL) will invest Rs 753 crore towards expansion projects, which would be completed over a period of 30 months in three phases, the company informed in a statement issued on Tuesday.

BS Reporter