Spelling out its wish list for the upcoming union budget, the knitwear industry in Ludhiana is seeking continuation of the Technology Upgra-dation Fund Scheme (TUFS), even as it wants revocation of excise duty on branded garments.

Ludhiana knitwear firms want TUFS to stay

Business Standard

With the seven-phase Uttar Pradesh Assembly poll proceeding with record voting percentage, the Election Commi-ssion (EC) has so far taken cognisance of over 6,50,000 lakh model code of conduct violations.

Into 3rd phase, over 6,50,000 model code violations

The Uttarakhand police on Sunday indicated that there would not be immediate action against Mirc Electronics Ltd that reported a major fire in its Roorkee factory in Haridwar district. The tragedy had killed 11 people.

Govt action against Mirc only after expert tips

Chennai-based electronics equipment manufacturer, Numeric Power Systems Limited, is set to sell its uninterrupted power systems (UPS) division to Indo Asian Electric Private Limited, a wholly-owned subsidiary of Legrand France SA, for a consideration of Rs 837.08 crore.

Legrand to buy Numeric's UPS business for Rs 837 cr

The Tamil Nadu government is keen on addressing infrastructure issues in the state and developing infrastructure projects in collaboration with Japanese government, said chief minister J Jayalalithaa.

TN keen on promoting infra projects with Japan

Godrej Properties Limited, the real estate arm of the Godrej Group, is planning to raise Rs 500-600 crore through the institutional placement programme (IPP). The move is aimed at reducing its outstanding debt, which is around Rs 2,000 crore.

Godrej Properties to raise Rs 600 cr

Shantha Biotech, part of French pharmaceutical major Sanofi, is planning to ramp up its production capacity at the Hyderabad facility, which is touted as Asia&rsquo;s biggest.

Shantha to ramp up capacity

The state Steel and Mines Department has asked the Steel Authority of India Ltd (SAIL) to stop mining activities immediately at Bolani mines following the expiry of forest clearance on February 11. The steel maker has closed mining at the area and said it will resume mining within three-four days.

Orissa asks SAIL to stop iron ore mining at Bolani

Mideast Integrated Steels Limited (Mesco) has denied allegations of violation of Rule-37 under Mineral Concession Rules-1960 at a time when the state government is gearing up to investigate five more lessees after holding eight miners including Mesco guilty of violating the norm.

Mesco denies Rule-37 violation

Frustrated over the inaction of Union power ministry on its demand for financial assistance under the Restructured Accelerated Power Development and Reform Programme (R-APDRP), the Orissa government has now sought Prime Minister Manmohan Singh's intervention on the matter.

Naveen seeks PM's intervention on R-APDRP assistance

The minimum rates of wages fixed for different categories are Rs 208 per day for skilled work/clerical work and Rs 150 per day for semi-skilled/unskilled supervisory work, said an official release here on Sunday. A minumum rate of Rs 130 per day was proposed for unskilled workers who are engaged in agriculture, construction or maintenace of roads or in building operation, stone breaking or crushing, flood control, irrigation and public health engineering.

Assam proposes NREGA employees wage revision

Press Trust of India

The West Bengal Power Development Corporation (WBPDCL), state-owned power generating company, was planning to foray into hydel power with an investment of Rs 2,000 crore.

WB Power Corp plans Rs 2,000 cr hydel

Breaking from the traditional yellow colour of taxis running in metropolitan cities across the world, West Bengal government is planning to paint cabs here in white and blue. &quot;We are planning to paint the cabs in white and blue which are now yellow,&quot; Transport Minister Madan Mitra told reporters here on Sunday.

Cabs in Kolkata to change colour

The company has already invested around Rs 650 crore for the super critical turbine and generator manufacturing facility, which it officially launched here, said senior company executives.

Toshiba JSW to double capacity to 6,000 Mw

Andhra Pradesh and Odisha have been ranked as the third most lucrative investment destination attracting investment proposals worth Rs 12.09 lakh crore each at the end of 2011, according to the Associated Chamber of Commerce and Industry of India (Assocham).

AP sees investment proposals worth Rs 12 lakh cr in 2011, TN Rs 9.13 lakh crore

The International Crops Research Institute for the Semi-Arid Tropics (Icrisat) and the Department of Science and Technology (DST-Climate Change Programme) have launched Centre of Excellence on Climate Change Research for Plant Protection (CoE-CCRPP) at the institute's headquarters at Patancheru on the city outskirts.

Research on climate change at Icrisat

The 12th edition of Indiasoft 2012, the annual IT global networking event, is expected to see business worth Rs 400 crore this year, around 35 per cent growth over last year&rsquo;s Rs 300 crore.

Indiasoft 2012 expects 35% growth in biz

Hyderabad-based generic formulations and bulk drugs manufacturer Aurobindo Pharma Limited reported a consolidated net loss of Rs 28.54 crore for the quarter ended December 31, 2011, as it had to incur a foreign exchange loss of Rs 144.5 crore. The company had reported a net profit of Rs 188.83 crore in the corresponding quarter last year.

Aurobindo posts Rs 28.54 cr net loss

Andhra Pradesh would be targeting a higher growth rate of 10 per cent during the 12th Five Year plan starting April, 2012 as the state had registered healthy performance on all the economic parameters in the past five years, said Governor ESL Narasimhan on Monday.

AP targets 10 pc growth

Ahead of next month&rsquo;s union budget, the micro, small and medium enterprises (MSMEs) in Punjab are looking forward to incentives and proactive steps from the central government, noting that such steps will boost the sector as a driving force of the country&rsquo;s economy.

Punjab MSMEs wants incentives

The campaigning for the third phase of voting on February 15 in the 2012 Uttar Pradesh Assembly election ended this evening. This phase would touch an important pocket borough of the Nehru-Gandhi family in Sultanpur and Chhatrapati Shahuji Maharaj Nagar districts, which also comprises Amethi, the parliamentary constituency of Congress general secretary Rahul Gandhi.

Third phase of poll campaign ends in UP

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