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

Business Standard

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

With early signs of improvement in the market sentiments and talks of a likely cut in the Cash Reserve Ratio (CRR), public sector lender Canara Bank is now hoping to get back to a Credit Deposit Ratio (CDR) of around 72 per cent from the present 69 per cent. This apart, the bank is anticipating a rise in net interest margin (NIM) to 2.9 per cent from the current 2.6 per cent next fiscal.

Canara Bank hopes to improve credit growth, NIM next fiscal

Manufacturers of textile products in Panipat, the Haryana city famous for its handloom products, are anticipating a slowdown in exports this year (2012-13). They believe that a slowdown in European markets could deccelerate the pace of growth for handloom exports from Panipat during this season.

Panipat handloom exporters fear serious slowdown this season

Congress general secretary Rahul Gandhi, who has been holding back-to-back election meetings and rallies across Uttar Pradesh, has now shifted his party&rsquo;s focus to the Jat belt in western UP. Rahul is scheduled to hold poll meetings in Muzaffarnagar, Moradabad, Aligarh, Mathura, Bulandshahr, Agra, Ghaziabad, Gautam Budh Nagar and Bijnore to woo the Jat electorate. Jats form one-fifth of western UP&rsquo;s total population.

Rahul shifts focus to UP Jat belt

The Karnataka government, which is aiming to grow grape cultivation to about 5,000 acres in the next three years, is planning to revise its existing Grape Processing and Wine Policy of 2007 and relaunch it during the next financial year. The new policy will incorporate several new clauses to attract huge investment in the grape wine industry, a top government official said.

New Grape Processing and Wine Policy soon

Concerned about farmers&rsquo; suicide that reflects an abysmal state of the country&rsquo;s farming and rural poverty, organisations representing the community across the nation have sought from the Centre a holistic budget to revive agriculture.

Farmers seek holistic FY13 Budget

Ahead of the BJP&rsquo;s February 24 brainstorming session, to be attended by national president Nitin Gadkari, Karnataka strongman B S Yeddyurappa is holding a meet of MLAs and MPs here on Thursdayin his intensified bid to be the chief minister again or secure the state chief&rsquo;s post. The factional feud in BJP showed signs of escalating with Yeddyurappa asking MLAs, MLCs and MPS to meet at his residence tomorrow to discuss the &ldquo;political situation&rdquo;. &ldquo;I have asked all MLAs, MLCs and MPs to come to my house. We want to discuss the political situation,&rdquo; Yeddyurappa said.

Yeddy gears up for show of strength

Press Trust of India

To increase the retail lending and give thrust to the home loan portfolio, Vijaya Bank has launched a special campaign by reducing the rate of interest on home loans by 0.25 per cent and 50 per cent concession on processing charges from February 1 to April 30, 2012. The minimum rate of interest offered to the customers is 10.75 per cent per annum and processing charges have been reduced by 50 per cent.

Vijaya Bank cuts home loan rates

Alternative funding mechanism is the need of the hour to solve the financial issues of micro, small and medium enterprises (MSMEs).

Alternative funding for MSMEs sought

Smart Track Solar Systems Private Limited, a Hyderabad-based start up providing tracking systems for solar photo voltaic panels, on Wednesday said it had made Rs 2 crore in revenues in the first year this year by implementing 2 Mw solar power projects.

Smart Track implements 2 Mw solar projects

The Mamata Banerjee government put itself on the path of conflict with its own employees. The chief secretary Samar Ghosh on Wednesday issued a written order warning the state government employees that they would not be granted any leave of absence if they did not report for duty on February 28. Almost all major central trade unions have given a call to observe general strike throughout the country on that day to protest against the price rise, growing unemployment and encroachment on the workers&rsquo; rights etc. Charged by the recent successful rally at Brigade Parade Ground, the CPI (M) and other left parties have decided to turn it into a 24 hours Bandh with the transport workers, shop employees, students and teachers joining the strike. The state transport minister Madan Mitra has already indicated that it would do its utmost to keep the public transport on the roads on that day.

Bengal govt strikes down leave of state employees for 28 Feb

Two CPI (M) leaders, a former MLA and a district level leader, were killed and another person injured when armed assailants allegedly to be Trinamool Congress (TMC) activists attacked upon them near Bardhaman on Wednesday. The attack took place at Diwandighi which is 7-8 km away from Bardhaman town on Bardhaman-Katwa Road at around 9-30 a.m.

CPI(M) leaders killed, violence precedes 28th general strike

Four months after Dunlop management shut down its Sahaganj factory in West Bengal, the beleaguered tyre maker on Wednesday declared suspension of work at its Ambattur plant (near Chennai ) too, alleging labour unrest.

Dunlop suspends work at Ambattur plant

The State Cabinet's decision to raise base rate of Value Added Tax (VAT) from four per cent to five per cent paralyzed proceedings of the state assembly on the second day of the ongoing Budget session.

VAT rate hike decision disrupts Assembly business

The state owned power generation utility- Orissa Power Generation Corporation (OPGC) would place orders for boiler turbine generator (BTG) by the end of August this year to implement its 1,320 MW (2x660) expansion plan at Ib valley near Jharsuguda.

OPGC to place equipment orders by August-end

State owned mine PSU Orissa Mining Corporation (OMC) is ready to spare its Koirabhanjpali iron ore mines in favour of another PSU-Industrial Development Corporation of Orissa Ltd (Idcol).

OMC ready to transfer Koirabhanjpali mine to Idcol

With cloud computing becoming a universal phenomenon and becoming more acceptable, the US-based technology solutions provider Unisys Corporation is seeking to provide its cloud-based solutions to the shipping and aviation sectors, and towards homeland security. Presently, the company is looking at the government sector, said Kumar Prabhas, managing director, Unisys India. This, even as it&rsquo;s in talks with an aviation company.

Unisys eyes internal security, transportation for growth

In glaring contrast, Sundergarh district in the state's western belt posted the highest growth of 17.9 per cent followed by industrial hub Jharsuguda and coastal Jagatsinghpur that clocked average growth of 10.9 per cent.

Lopsided growth stalks Orissa's economy

Peeved at the recent cabinet decision to impose VAT (Value Added Tax) on textile and sugar, the traders across the state have decided to go on agitational path from next week.

State traders up ante against imposition of VAT

The proposal for road connectivity for upcoming minor ports in Orissa has moved a step further with the feasibility study taking off.

Feasibility study begins for minor port connectivity

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