Serene Retirement Community, the senior care venture of Coimbatore-based Covai Property Centre Limited, is planning to invest Rs 150 crore to set up a gated community villa project &ndash; Serene Pragati &ndash; in partnership with city-based Pragati Group of Companies.

Covai to invest Rs 150 cr in Hyderabad

Business Standard

Logistics seems to be the biggest bottleneck being faced by the country&rsquo;s home shopping channels. Paritosh Joshi, chief executive officer of Star CJ Network India, maintains that logistic issues force his office to turn down half of the average 12,000 requests it receives a day.

Logistics ail home shopping

Union minister of state for food and civil supplies, KV Thomas, on Thursday said that the Centre will allow export of further quantities of non-basmati rice, in addition to the 2.2 million tonne that has so far been exported, to ensure minimum support price (MSP) for farmers in the open market.

Centre to allow further exports of non-basmati rice

Lashing out at BJP leader P K Dhumal for being a &ldquo;corrupt&rdquo; chief minister, a section of the ruling party&rsquo;s leaders in Himachal Pra-desh have chosen to quit the party and launch a new political outfit.

'Corrupt' Dhumal triggers rebellion

Broadridge Financial Solutions and Institutional Investor Advisory Services India Limited (IiAS) jointly announced an alliance for the sale and distribution of IiAS proxy research and vote recommendations for listed Indian companies through Broadridge&rsquo;s ProxyEdge voting platform.

Broadridge, IiAS in tie up 

In a bid to encourage refinancing to warehousing projects, the National Bank for Agriculture and Rural Development (Nabard) will extend financial assistance, by way of refinance, to commercial banks, regional rural banks and cooperative banks against the loans extended by them for construction of warehousing infrastructure for agricultural commodities.

Nabard encourages banks for warehousing finance

Persistent Systems, a player in outsourced software product development (OPD) services, said that through its US subsidiary, has acquired the location business from Openwave Systems Inc. but the terms of the transaction were kept undisclosed.

Persistent buys Openwave's location biz

Thermax Ltd reported&nbsp;an operating revenue of Rs 1269 crore for the third quarter of&nbsp;FY 2011-12, as against Rs 1241 crore for the corresponding period of&nbsp;last &nbsp;year showing a rise of 2 per cent.&nbsp;Profit after tax stood at Rs 95 crore, denoting a dip by 5 per cent compared to last year&rsquo;s figure of Rs 100 crore.

Thermax PAT down 5%

Anticipating power shortfall in the upcoming summer months, Grid Corporation of Orissa (Gridco) is in the process of striking power banking deals with other states to ensure uninterrupted availability of power and tide over the deficit.

Orissa to get 200 mega watt through power banking

Agitating workers at the textile division of Reliance Industries Ltd (RIL) at Naroda in Ahmedabad on Friday continued their strike for the third day demanding higher wages. The company, however, remained silent on the strike, which was called by a group of employees under the name of 'Reliance Employees' Union' from second shift on Wednesday.

Strike contiues at RIL`s Naroda unit, police detains three workers

One of the biggest private conglomerate, Reliance Industries Limited (RIL) is set to develop Dhirubhai Ambani Memorial House as a tourist destination here at Chorwad town in Junagadh district of Gujarat.

Dhirubhai's memorial to be promoted as tourist destination

Pune-based Automotive Research Association of India (ARAI) is expanding its operations in overseas markets in the countries like China&nbsp;and&nbsp;South Korea.&nbsp; Also, in talks with Singapore, South Africa, Malaysia and Indonesia.

ARAI enters into overseas markets 

In a bid to develop gaming applications for the education sector, Educational Initiatives (EI), a startup venture of three Indian Institute of Management, Ahmedabad (IIM-A) graduates, has launched an online educational game building competition.

IIM-A grads` start-up launches gaming competition

About Rs 200 crore had been spent so far to reduce the pollution in Ankleshwar industrial estate in Bharuch district, to remove its 'critically polluted' tag, said Sudeep Kumar Nanda, principal secretary, Gujarat Environment and Forests Department at the launch of Enviro Tech Forum of Central Gujarat chapter of Confederation of Indian Industries (CII). Nanda said, &quot;Ankleshwar has become greener with improved compliance with norms. An amount of Rs 200 crore has been spent for this purpose.

Ankaleshwar attempts to get rid of `critically polluted` tag

Press Trust of India

Left with an disappointingly small area of farmland he inherited after family partition, Kishan Singh Marawi of this tribal village near Kanha national park sensed no option but to join a farm cooperative. For, he knew that averting a government initiative floated for the benefit of people like him would leave him landless in a few years.

Co-ops sow hope in farmers

Urbanisation has pushed an age-old routine like using stone hand-mill to grind grains to flour a thing of past. One thought it had got confined to India&rsquo;s villages. And none rated it as a viable practice to promote industrialisation. In short, chakki atta &mdash; as it is called in villages upcountry &mdash; has turned out be a rare sight at homes.

Hand mill-ground atta brings money to tribals

Volvo Buses India Private Ltd (VBIPL), a subsidiary of Swedish bus maker Volvo Bus Corporation, is set to launch Volvo 8400 low-floor CNG city bus in India during July-August this year. The trials of CNG bus are presently going on in Delhi and Mumbai.

Volvo to launch CNG bus soon

Chief Minister D V Sadananda Gowda has urged the Centre to announce a special package for potato farmers and also establish a potato research station in Hassan, the home district of former Prime Minister H D Deve Gowda. In a representation to Prime Minister Manmohan Singh and Agriculture Minister Sharad Pawar, he noted the recent letter of Deve Gowda, Hassan MP, regarding damage caused to commercial crops such as potato, cardamom, ginger, turmeric and tur dal crops in Karnataka particularly in Hassan district.

CM seeks special package for potato farmers 

Gokaldas Exports, a Bangalore-based publicly held garments exporter controlled by global private equity major Blackstone, has continued to bleed and in fact has more than doubled its net loss to Rs 37 crore during the third quarter of FY12 as compared to net loss of Rs 16.7 crore during the corresponding quarter of previous fiscal.

Gokaldas Exports deeper in the red

Hyderabad-based pharma major Dr Reddy&rsquo;s Laboratories Limited (DRL) on Friday reported an 88 per cent jump in net profit to Rs 513.1 crore for the quarter ended December 2011, as compared with Rs 273.2 crore in the corresponding quarter last year.

Dr Reddy's Q3 net profit gains 88% on US sales

Hinduja Group company Defiance Technologies is planning to partner Dassault Syst&egrave;mes, a Paris-based provider of 3D product lifecycle management (PLM) solutions, to deliver its offerings using the former&rsquo;s cloud-compatible architecture technology.

Defiance Tech in talks with Dassault for cloud solutions

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