The Reserve Bank of India, India&rsquo;s central bank, turned in an income of Rs 37,070 crore ($8.2 billion) last year and passed on Rs 15,009 crore ($3.5 billion) to the Government, its owner. Well, what if the RBI were listed? Well, it&rsquo;s not improbable. The Swiss National Bank, the central bank of Switzerland is 55 per cent owned by public institutions while the remaining 45 are traded in the stock market.

India's hottest stock?

Business Standard

The Spices Board will make use of the proposal from the Indian Railways to run a new train to facilitate movement of agro-based products originating from Kerala to different north Indian destinations.

Kairali Queen to transport agro products from Kerala

The Central Empowered Committee&rsquo;s (CEC) final report on illegal mining in Karnataka submitted to the Supreme Court recently has sent shockwaves through the iron ore mining and steel industry in the state. Some of the recommendations of the CEC, if accepted by the Supreme Court, will curb illegal mining and that is a laudable goal. However, in doing so, it may also deliver a hammer blow to the state&rsquo;s expanding steel industry.

Industry on edge in Karnataka as SC weighs verdict

City-based Khyatha Abhijit Pharma and Healthcare Systems is setting up a manufacturing unit for Diasense, a medical diagnostic damage detection device for diabetes, here with an investment of Rs 50 crore.

Pharma firm to set up mfg unit in Vizag

Following the path of Mahindra &amp; Mahindra (M&amp;M), several players are looking at Rajkot for setting up manufacturing units of mini tractor, either on their own or by joining hands with local companies.

Mini tractor trail leads big players to Rajkot

Buoyed by the local auto rickshaw drivers' response, Bajaj Auto is expecting to substitute 15-20 per cent of the current three wheeler model with its upcoming four wheeler RE60 variant in Ahmedabad. One of the largest manufacturers of three wheelers, Bajaj Auto saw considerable response from rickshaw association and government alike.

Bajaj Auto sets high ambition for four-wheeler RE60 variant in city

Pune-based supplier of packaged gases, helium and bulk gases Matheson K-Air India Private Limited (MKI) has announced the commissioning of its second Indian Helium transfill at Bhiwadi, Rajasthan.

Matheson K-Air India commissions helium transfill in Rajasthan

The contract comprises REpower's best-selling turbines &ndash; the MM82 and MM92 &ndash; with a nominal power of 2 Mw, and the new REpower 3.4M104, 3.2M114 with 3.4 and 3.2 Mw rated power respectively.

Suzlon signs contract with Maia Eolis

Orissa's GDP (Gross Domestic Product) is set to grow at the rate of 8.22 per cent in real terms during the 11th Plan Period (2007-12).

Orissa's GDP grows at over 8% in 11th Plan

Earlier, the department had called KJS Ahluwalia for personal hearing in connection with this statutory violation.

R P Sao called for personal hearing over Rule-37 violation

Muthoot Capital Services Ltd (MCSL), a Non Banking Finance Company (NBFC) arm of Muthoot Pappachan Group focusing on automobile financing, is planning to infuse around Rs 700 crore, by end of fiscal 2012-13, targeting a total Asset Under Management (AUM) of around Rs 1,000 crore by the time. As part of this, the company is expecting to expand its operations to four more states during the period along with expansion of product offerings.

Muthoot targets Rs 1,000 cr AUM

The State Cabinet has approved the revision in base VAT (Value Added Tax) rate from existing four per cent to five per cent, a move that is expected to generate Rs 400 crore additional revenue annually.

Cabinet okays hike in base VAT rate to 5%

Burdened by higher power purchase cost and lower bill structure, Reliance Infrastructure, which has controlling stake in three power distributing companies (discom) in Orissa, has suggested that the government should provide subsidy if it wants to provide cheap power to people.

Govt must provide subsidy for cheap power, says Reliance Infra

India plans to develop new-generation Electronic Warfare (EW) systems to be fitted on Unmanned Aerial Vehicles, aircraft and satellites that would help it see &ldquo;deep inside enemy territories&rdquo;, a key defence research and development official said here on Tuesday. Chief Controller, Research and Development (Electronics and Computer Sciences), DRDO, R Sreehari Rao, said the present EW system, especially ground-based ones fitted on Naval platforms have got &ldquo;limited range&rdquo; (10-20 km) and &ldquo;can&rsquo;t intercept beyond the line of sight.&rdquo; He noted that EW systems to be fitted on higher platforms like UAVs, aircraft and satellites would give &ldquo;very long range&rdquo;.

DRDO to develop nextgen electronic warfare systems

Press Trust of India

After making several unsuccessful attempts to revive the Sahaganj plant in West Bengal, Pawan Kumar Ruia is now shifting focus to Dunlop's Tamil Nadu unit. While the beleaguered tyre maker is fighting a wind-up petition from unsecured creditors in Calcutta High court, Ruia is penning down a restructuring plan for ailing Ambattur factory to keep the company afloat.

Pawan Ruia plans restructuring of Tamil Nadu plant

Having tied up with the Gujarat government, Bangalore-based Tally Solutions Pvt. Ltd is set to train about 10,000 youngsters from the below poverty line (BPL) families and assist them in employment within the state.

Tally to train 10K BPL youths in state

The central government has awarded the Rs 855-crore Bathinda-Jammu-Srinagar gas pipeline project to Gujarat State Petronet Ltd (GSPL).

GSPL awarded Bathinda-Srinagar pipeline project

ETG Agro Limited, a joint venture company of Tanzania-based Export Trading Group (ETG) and Coronation Group of Mumbai, has laid out ambitious plans for investing Rs 100 crore in India for pulses processing. The company would soon start two processing units each in Gujarat and Maharashtra.

ETG Agro plans to invest Rs 100 cr for pulses plants

The national apex body of management professionals, All India Management Association (AIMA) has signed a memorandum of understanding (MoU) with the Management Association of Pakistan (MAP), as an effort to facilitate the interaction between management professionals of India and Pakistan.

AIMA in pact with Pak's MAP

Germany-based global executive search and HR consultancy firm Steinbach &amp; Partner has entered in India by floating a wholly-owned subsidiary called Steinbach and Partner Executive Consultants India Private Limited in Pune.

German firm sets up subsidiary in Pune

Pune-based&nbsp;Hager Group, a supplier of systems, solutions and services for electrical installations, informed that it has acquired Elcom International, a German company in video door phone domain at an undisclosed value.

Hager Group acquires ELCOM of Germany

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