A dip in domestic and international demand, thanks to global meltdown, has forced Rajkot-based diesel engine manufacturers to cut down production by almost 50 percent in last 3-4 months.

Rajkot diesel engine industry cuts production by 50%

Business Standard

The two-member inquiry commission set up by the Maharashtra government to probe into the scam tainted Adarsh Housing Society will soon submit its interim report to the government.

Adarsh scam: Probe panel to submit interim report soon

Press Trust of India

The people of Gujarat has reason to cheer as the state government has proposed tax reduction and exemption on number of items including a long awaited cut in electricity duty in its budget for the fiscal 2012-13. Much to the relief of consumers and industry this year when Gujarat is slated to go for assembly elections, the finance minister of the state Vajubhai Vala, who presented the budget on Friday in the state assembly, avoided imposing new taxes and hike in any other levies.

Gujarat budget offers tax relief, avoids introducing new levies

Identifying supply of safe drinking as a core issue, the government has said excess use of fertilisers was contributing towards contamination, which needed &quot;prime attention.

Supply of safe drinking water a core issue: Govt

The light commercial vehicle (LCV) segment in Gujarat is witnessing a steady growth of over 25 per cent, say local dealers and manufacturers. For players like Atul Auto and Ashok Leyland, among others, the growth in LCVs is attributed to rise in retail demand in major cities like Ahmedabad, Vadodara and Rajkot.

LCV segment sees 25% growth in Gujarat

Even while much of the benefits hinted at the annual state budget of Gujarat government for fiscal 2012-13 as &quot;pro-farmer&quot;, the industry in the state saw it as a welcome step.

Industry welcomes 'pro-farmer' budget

Opposed by non-hill states and described as a &ldquo;distorted policy&rdquo; by union finance minister Pranab Mukherjee, the special area-based tax incentives to Uttarakhand and Himachal Pradesh may well be completely on their way out.

Centre to mull separate Himalayan policy on tax

Haryana&rsquo;s economy has achieved a growth rate of 9.6 per cent in the gross state domestic product during 2010-11, Governor Jagannath Pahadia said, quoting quick estimates. Also, advance estimates for the current financial year show the state&rsquo;s per capita income expected to be Rs 1,09,227 at current prices. This makes it rank second in the country &mdash; after Goa.

Haryana economy grew 9.6% in 2010-11

The high-voltage Uttar Pradesh Assembly election is witnessing the use of age-old idea-propogation techniques by political parties busy with campaigning and mustering votes. Nukkad natak (street plays) and music/poetry have been supplementing the print/electronic media news, posters, banners and even rallies in the dissemination of political messages.

Drama, music poetry aid poll campaign in UP

Rebuffing party strongman B S Yeddyurappa&rsquo;s bid to regain the chief minister&rsquo;s post, BJP on Friday ruled out removal of incumbent D V Sadananda Gowda, indicating he has to wait till he is cleared of corruption charges.

Gadkari says no change of leadership

Honda Siel Cars India Ltd (HSCI), a joint venture between Honda Motor Company of Japan and Siel Limited of India, which has seen a worst year in terms of production in India in 2011-12, is looking at doubling its sales for the year 2012-13. The company is likely to close the current fiscal with sales of about 50,000 units, a decline of about 17 per cent over the last year, a top company official said.

Honda Siel aims to double car sales in India next year

Gujarat state finance minister Vajubhai Vala on Friday proposed a hike of 36.19 per cent in annual development plan outlay to Rs 50599 crore as compared to last year. The estimated a net surplus is Rs 317.22 crore for the year 2012-13. The overall budget size of the state has seen an increase of 26 per cent at Rs 1,01,712 crore as against the budget size of Rs 80,694 crore last year.

With Rs 50,599 cr plan outlay, Vala delivers populist budget

The opposition Congress on Friday turned down the state government's budget for the year 2012-13, saying it to be a disappointment.

Cong terms budget as disappointing

Development of underground mines is the only way forward to meet the future coal needs of the country as the reserves available for open cast mining would be exhausted in the next 30 years or so, according to S Narsing Rao, chairman and managing director (CMD) of state-owned Singareni Collieries Company Limited.

'Underground mining will help overcome coal shortage'

Hyderabad Angels Network (HAN) has invested Rs 2 crore in Mumbai-based Green India Building Systems and Services Private Limited (GIBSS), in a round of series A funding.

Hyderabad Angels invests Rs 2 cr in startup

ABB on Friday announced a new joint initiative between its India and Australia operations to help set up Australia-India Research Centre for Automation Software Engineering (AICAUSE) in collaboration with RMIT University in Australia.

ABB forms Australia-India research centre

The Andhra Pradesh Tourism Development Corporation (APTDC) and the state tourism commission have called for private-public participation for development of various projects to attract more international tourists. The state will mainly focus on three areas &mdash; rural, film and eco tourism.

AP tourism calls for private partnership

Hyderabad-based construction and infrastructure company Gayatri Projects Limited (GPL) has said its subsidiary Thermal Powertech Corporation (India) Limited (TPCIL) had signed a multi-year contract with Indonesia-based PT Bayan Resources TBK (Bayan) to supply 1 million tonne of coal annually for over ten years.

Gayatri Project's arm inks pact with Indonesian firm

In the next four years, India will emerge as the largest market for US-based Herbalife, the $ 2.7-billion global nutrition and direct-selling company, according to its managing director (Asia-Pacific) William M Rahn.

India to be largest market for Herbalife

Though its dream project, with an investment of $10 billion, is still limping after a six-year delay in Orissa, Korean steel major Posco has not lost its focus on the processed steel market for the growing electrical and automobile sectors in India.

Posco's Hyd plant to go on stream today

Hyderabad-based biopharmaceutical company Suven Life Sciences Limited (Suven) stated that it has secured three patents, two from the US and one from Mexico, for its new chemical entities (NCEs) for the treatment of disorders associated with neuro-degenerative diseases.

Suven gets patents for three more products

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