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

Business Standard

Recording a net profit of Rs 2.63 crore for the third quarter ended December 31, 2011 for the financial year 2011-12 as against Rs 1.77 crore for the previous corresponding period, Ahmedabad-based Hester Biosciences Limited posted a 48 per cent growth in its bottomline.

Hester Biosciences Q3 net up by 48%

Lower aluminium prices on the London Metal Exchange (LME) together with spurt in raw material and fuel costs led to a sharp fall of 80 per cent in the net profit of National Aluminium Company (Nalco).

Nalco net shrinks 80% in Q3

Bhavnagar-based steel castings maker, Steelcast Limited has registered a net profit of Rs 4.96 crore for the third quarter ended December 31, 2011 against Rs 0.82 crore in the same period last year, showing a jump of 504.88 per cent.

Steelcast Q3 net profit jumps by 500%

Two decades after disintegration of Soviet Union and East European Socialist Bloc, the CPI (M) has tacitly admitted that the root cause for the debacle of socialism lies in the inadequacy of the system. While reiterating its earlier position that there was incorrect estimations leading to a poor understanding of the threat to socialism from within and without, the CPI(M) admitted that if the socialism as a political system was to be revitalized in the 21st century, it had to strengthen the democratic rights and civil liberties of the people. The party has on Monday released its draft document on ideological issues public on Monday inviting public debate on it.

CPI(M)'s ideological draft lays stress on democracy

Electioneering for the February 16 municipal corporation polls is picking up with the third generations of Thackerays hitting the campaign trail for their respective parties.

Gen next of Thackerays campaign for civic polls

Press Trust of India

Jajpur-based civil society Sukinda Vikash Parishad, has written to the illegal mining enquirer Justice M B Shah Commission about illegal mining activities carried out by state-run Industrial Development Corporation Orissa Ltd (Idcol).

Sukinda forum complains to Shah panel against Idcol

The Supreme Court judgment on cancellation of 122 second-generation licenses for mobile-phone services issued in 2008, would not have any negative impact on inflows of foreign investments, Veerappa Moily, Union corporate affairs minister, said on Monday.

SC judgement on 2G licence will not impact investment : Moily

West Bengal Finance Minister Amit Mitra on Monday said the cash-strapped government has not received Rs 8,000 crore, as claimed by the Centre. Disputing Congress leader Abhishek Manu Singhvi's claim that the state has been extended this amount, Mitra said at a press conference, &quot;The claim is absolutely incorrect. So far not a single paise has been received as part of a central relief package. Perhaps he is ill-informed&quot;. Pleading that West Bengal be given a special economic package to bail out the state which was saddled with a debt burden of Rs 2.3 lakh crore left by the previous Left Front regime, Mitra said, &quot;It is possible that Singhvi is misinformed.

WB disputes receiving Rs 8,000 cr from Centre

The final report of the Central Empowered Committee (CEC) on illegal mining has many points that would cheer up environmentalists and non-government organisations. The CEC, in its report submitted to the Supreme Court last weekend, has recommended deletion of reference to the Western Ghats in the earlier report submitted by the Indian Council of Forestry Research and Education (ICFRE).

CEC opposes iron ore mining in Western Ghats

The UK based Plymouth University has evinced interest to partner Indian university&rsquo;s and invest in India to set up research centres.

Plymouth university to partner Indian institutions

Lack of proper regulatory framework, among other hurdles, the biotechnology (BT) industry is having to surmount, is affecting the sector and its growth. The government will have to move fast and speed up growth of the Indian BT sector as it has the potential to emerge as a leading sector, said Biocon Chairperson Kiran Mazumdar Shaw on Monday.

'Lack of regulation hurting biotech sector'

The Central Vigilance Commission (CVC), which has been going through in detail regarding various alleged irregularities in how the recent Commonwealth Games was conducted in Delhi, is expected to submit a consolidated report on its finding shortly. In addition to various aspects, one of the key highlights of the report will be that the CVC has found evasion of as much as Rs 400 crore in taxes.

CVC set to release report on CWG

For the pioneering, iconic retail super market chain Nilgiris Dairy&mdash;a household name in South India, decades before the Biyanis and Ambanis of the world decided to enter the space&mdash;the past five years have been perhaps the most turbulent in recent memory, where the Mudaliar founding family has been sparring with private equity player Actis over how best to run Nilgiris, thereby hobbling its performance.

Nilgiris climbs out of a tailspin and towards recovery

After a long silence, Infosys on Monday said it would set up an information technology-specific special economic zone in Indore. The company ruled out setting up a BPO unit at the location as pronounced by state government earlier, but it said it would open a software unit with an investment of nearly Rs 600 crore in phased manner.

Infosys to set up IT SEZ in MP

The state government&rsquo;s announcement goes back to 2007, but the plans have yet to see light of the day. The coming up of terminal market complexes at Ludhiana, Hoshiarpur, Jalandhar and Muktsar for fruits and vegetables in Punjab still remains a dream. According to sources, strong pressure from commission agents (arhtiyas) has forced the government to avoid the amendment of the Punjab Agricultural Produce Markets Act (APMC). The proposed legal modification would have enabled the private players to go for direct procurement from the state&rsquo;s farmers &mdash; and enable private participation.

Terminal market in Punjab still a dream

In the first phase, 55 constituencies across 10 districts, namely Ambedkar Nagar, Barabanki, Basti, Bahraich, Balrampur, Faizabad, Gonda, Siddharth Nagar, Shravasti and Sitapur, will witness voting. About 925 candidates are in fray for phase I, which will decide the political fate of union steel minister and neo-Congressman Beni Prasad Verma. His son Rakesh Verma is contesting from Dariyabad constituency in home turf of Barabanki.

Phase 1 campaigning ends tomorrow

The Gujarat State Cooperative Bank (GSCB) and 10 district central cooperative banks (DCCBs) have signed a service level agreement with Tata Consultancy Services (TCS) for core banking solutions (CBS).

Coop banks sign pact with TCS for CBS

Chemical production and services provider Deepak Nitrite Ltd&nbsp;announced its results for the third quarter for the financial year 2012 with revenue figures at&nbsp;Rs 209 crore denoting a rise of 17 per cent when compared to the earlier quarter for the same year at&nbsp;Rs 179 crore.

Deepak Nitrite Q3 revenue up by 17%

Buoyed by impressive net interest margins, State Bank of India (SBI), the country's largest lender hopes to post better than expected performance for the third quarter (October-December period) of the current fiscal.

Net interest margins to drive SBI's profitability

The 15th national conference on e-governance to be hosted by Orissa from February 9 and 10 will focus on how the government departments can work cohesively to increase use of public information in all aspects of governance.

National e-governance meet to focus on electronic services

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