The retail investor participation in stock market is growing in smaller towns keeping pace with general financial literacy and awareness.

'Small towns more active on stock markets'

Business Standard

A group of senior BJP leaders who quit the BJP protesting against &ldquo;corruption&rdquo; in the ruling party have floated a new party.

Rebel BJP leaders float new party in Himachal

When most of the business groups are shying away from investing in West Bengal, Himadri Chemicals and Industries, one of the largest Indian coal tar pitch (CTP) manufacturers has now lined up investment plans worth Rs 1,200 crore in the state in the next four years.

Himadri Chemicals lines up Rs 1,200-cr investment 

The Himachal Lokayukta would be strengthened shortly, the state&rsquo;s new Lokayukta Justice (retd) LS Panta said here soon after taking oath as the new Lokayukta.

Himachal Lokayukta set to get more teeth

After months of deliberation, Mamata Banerjee-led Trinamool Congress government in West Bengal has selected Abhirup Sarkar, economist and professor at Indian Statistical Institute as the chairman of the West Bengal Infrastructure Development Finance Corporation.

Abhirup Sarkar takes charge at WBIDFC

The ruling BJP regime in Himachal Pradesh has announced the release of arrears of Rs 825 crore to government employees. These arrears are due to the fifth pay commission recommendations, increased capital allowance doubling of increments, house rent allowance. A double increment has been announced to those adopting a permanent family planning mode after birth of two girls. Half the arrear amount of Rs 412 crore will be released to employees and pensioners at once in cash while the remaining will be deposited in their GPF accounts. The joint consultative committee (JCC) meeting held here on Tuesday did not talk about the contentious issue of raising the retirement age. CM PK Dhumal said the state government had increased the daily wages from Rs 75 to Rs 120. Himachal Pradesh has one of the highest number of government employees in the country.

Himachal releases Rs 825 cr arrears to govt staff

Country's largest power company NTPC is expected to follow the rehabilitation package offered by West Bengal Power Development Corporation for land acquisition for the proposed 1,600-MW Katwa thermal power project in the state.

NTPC to follow WBPDCL's rehabilitation package

Press Trust of India

The new wage pact signed by the state-run Coal India Ltd (CIL) last week has seen an 88 per cent increase in minimum basic of its employees to Rs 15,712 per month, as against Rs 8,360 during the previous deal.

New wage pact sees 88% hike in CIL basic

Fearing de-allocation of the Utkal-D coal block allocated to Orissa Mining Corporation (OMC) over issues related to shareholding and delay in project execution, the state government has shot off a letter to the Ministry of Coal on progress made on the coal block.

State clears air on OMC-Sainik Mining deal

Orissa has identified the Kalinga Nagar industrial cluster in Jajpur district and Bolangir in the economically backward KBK (Kalahandi, Bolangir and Koraput) region as probable locations for development of National Manufacturing and Investment Zone (NMIZ) envisaged under the National Manufacturing Policy of Government of India (GoI).

Kalinga Nagar, Bolangir identified as probable manufacturing hubs 

India&rsquo;s largest iron ore miner NMDC Limited, which is expanding its geographical footprint, is currently in the process of acquiring two coking coal projects in Russia and Australia, besides an iron ore mine in Brazil involving an initial investment of over $500 million.

NMDC to acquire two coal, one iron ore mine abroad

A five-member delegation of the Orissa government led by Chief Secretary B K Patnaik is scheduled to visit Taiwan during February 12-18 to lure investors in sectors like electronics, IT hardware and automobile components manufacturing.

State team to visit Taiwan next week to seek investment 

Idea Cellular on Monday clarified that the company was one of the original mobile operators and has merged with Spice communications in a court approved order.

'Licences issued to Spice have not been cancelled'

Hyderabad-based Regency Ceramics Limited has started importing ceramic tile products, besides sourcing in part from Indian manufacturers to ensure continuity in terms of market share and its brand name in the aftermath of the closure of its factory at Yanam in Puducherry.

Regency imports ceramic tiles to sustain brand equity

The Kerala government has firmed up plans to ramp up exports of ornamental fish in a big way, even as the Centre is targeting to increase this &lsquo;highly-potential&rsquo; business by five per cent during the next financial year.

Kerala govt to up exports of ornamental fish

Bahrain-based private equity (PE) investor, Investcorp (IVC), has brought down its stake in Redington (India)&rsquo;s step down subsidiary from 25.94 per cent to 14.50 per cent. This would be the first tranche as part of the PE firm&rsquo;s exit from the company.

PE firm brings down stake in Redington arm

As part of its efforts to bring in greater transparency and accountability in mineral raising and transport business, the steel &amp; mines department of Orissa has urged the Union mines ministry to integrate the state's online monitoring system with that of Indian Bureau of Mines (IBM).

Orissa for integration of state, IBM mining data

Contributing over 25 per cent at Rs 20,000 crore, Gujarat is quickly emerging hub for the technical textiles sector, says the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The industry body on Monday released a study on the textile sector titled 'Textile Industry in India &ndash; Current Status and the Way Forward'.

Gujarat is emerging as technical textiles hub: ASSOCHAM study

The state finance department has started the process to select officers for the post of Orissa Taxation and Accounts Service (OTAS) for the year 2012, according to a recent notification.

State starts OTAS selection process

Hyderabad-based start-up Mojostreet, which has developed a location-based mobile game with real-world benefits, on Monday said that its check-in-based offers were now available at 1,174 Cafe Coffee Day (CCD) outlets across India. By number of outlets, CCD retail chain on Monday figures among the Top-6 globally. &quot;This is the first largest deployment of geo-targeted brand engagement, plus a loyalty programme, at any brand in India. CCD is a big booster to Mojostreet's merchant portfolio as it gives an unparalleled access to its rewards to consumers across 174 cities in India,&rdquo; Mojostreet chief executive Kalyan Manyam, stated in a press release on Monday.

Mojostreet rewards at Cafe Coffee Day

Chief minister N Kiran Kumar Reddy on Monday inducted three more ministers into his Cabinet barely a fortnight after taking two members on board from the Praja Rajyam Party which had announced its merger with the ruling Congress party last year.

Three more ministers join Kiran Cabinet

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