Inspite of &quot;electoral disaster&quot; in West Bengal and Kerala, the CPI(M) on Wednesday ruled out forming a Third Front to counter the UPA or NDA in national politics, while stressing that it would endeavour for a Left and democratic alternative.

CPI(M) rules out Third Front

Press Trust of India

The industry in Karnataka as part of its suggestions for the forthcoming Budget has urged the Centre to have a relook at the Minimum Alternate Tax, Transfer Pricing Law among various others subjects. The Bangalore Chamber of Industry and Commerce (BCIC) in its Pre-Budget Memorandum on Direct Taxes submitted to the Union Finance Ministry has also outlined the several concerns of the industry relating to Direct Taxation.

Industry lobbies for reduction in MAT

Business Standard

FMCG major CavinKare on Wednesday launched ultra high temperature (UHT)-treated milk - Cavin's Pure+ -, which can last for 120 days, without using refrigerator.

CavinKare launches milk with 120 days shelf life

The network, which was started in April 2009, has already linked 670 institutes including IITs, IIMs, NITs, according to RS Mani, chief technical director, National Informatics Centre (NIC). He was speaking to the media on the sidelines of a seminar-cum-workshop on NKN here. NIC is the implementing agency of the NKN project.

NKN to cover 1,500 institutes by March '13

The Alapuzha Coir Cluster Development Society, constituted in 2005 as a special purpose vehicle (SPV) to undertake various infrastructure improvement projects in the Alapuzha coir cluster, has implemented projects worth Rs 45.68 crore. The commerce ministry under its Industrial Infrastructure Upgradation Scheme has sanctioned a plan outlay of Rs 56.8 crore to the society.

Alapuza coir cluster implements projects worth Rs 45 cr

The Kolkata Port Trust (KoPT) has decided not to proceed with the mid-stream transloading project tendering process despite receiving a breather from the Supreme Court.

Kolkata Port Trust will wait till final order on port limit: Meena

If everything goes well, there will be no unbanked village in Punjab and Haryana by next month-end. The mission is to provide banking services to every village in both states -- under a financial inclusion plan by the end of the ongoing financial year.

Plan to bring banks to Punjab, Haryana villages by March

Industries, traders and businessmen in Madhya Pradesh have demanded an &ldquo;immediate rationalisation&rdquo; of the pertinent tax structure in the forthcoming state budget, reiterating that the present structure of levy on various commodities and trade-related activity has rendered &ldquo;heavy losses&rdquo; to the industry in the state.

MP traders want 'rationalised' tax

Rolls-Royce motor cars announced on Wednesday the appointment of a fourth dealership in India, buoyed by the response from the Indian market.

Rolls-Royce motor cars appoints new dealership in India

Yahoo!&rsquo;s drive to revive its business hit major roadblocks on Tuesday, as the company&rsquo;s talks to sell back most of its stakes in its Asian partners collapsed and a big investor unveiled plans to mount a board fight.

Yahoo! faces stalled deal and fight over board

Rajot-based three wheeler manufacturer Atul Auto Limited&rsquo;s net profit surged by 23 per cent to Rs 3.09 crore for the third quarter ended December 2012 as against Rs 2.51 crore in the same quarter last fiscal.

Atul Auto net rises by 23%

Persistent Systems, an outsourced software product development services provider, has announced strategic solutions around email analytics and social media analytics that run on top of IBM&rsquo;s InfoSphere BigInsights, company said in a statement. Persistent Systems is an IBM Business Partner, which provides professional services and solutions leveraging IBM&rsquo;s&nbsp;Big Data platform.

Persistent announces strategic solutions with IBM InfoSphere BigInsights

The Reserve Bank of India (RBI) held its Central Board of Directors meeting at Bhubaneswar on Thursday. Governor D. Subbarao chaired the meeting, which was attended by the directors Anil Kakodkar, M.V.Rajeev Gowda, Y.H.Malegam, Dipankar Gupta, G. M. Rao, Ela Bhatt, Indira Rajaraman and Najeeb Jung. Deputy governors of the Central bank such as K.C.Chakrabarty, Subir Gokarn, Anand Sinha and Harun R. Khan were also present.

RBI board meets in Bhubaneswar

Pune-based Centre for Development of Advanced Computing (C-DAC) has developed a new super computer called 'Biochrome' to help computational biological research. It is developed by the Bioinformatics Resources and Applications Facility (BRAF) at C-DAC with the investment of Rs 1 crore.

C-DAC develops Biochrome for cancer research

The Orissa government has decided to file an objection petition at the revision tribunal of the Union mines ministry, which had last month stayed the state government's order of imposing Rs 6 crore penalty on JSL Stainless Ltd.

State files objection petition in JSL mining case

Bollywood actress Soha Ali Khan has approached the Gujarat High Court in Ahmedabad against a city-based firm for alleged non-payment of dues.

Soha Ali Khan moves Guj HC against Ahd-based firm

Rampant illegal mining and increased Naxal violence in the state have taken a toll on the forest cover in the state. According to India State of Forest Report 2011, based on interpretation of satellite data recorded during October 2008-March 2009, very dense forest (VDF) and moderately dense forest (MDF) in the state has declined by 41 sq kms.

Mining, Naxal activities take toll on state forest cover

On the inaugural run, Digha-Puri-Digha weekly express will run as a special train towards Puri.

New train between Puri and Digha

Infosys, the country&rsquo;s second largest information technology (IT) service provider said on Thursday that in maximum a week&rsquo;s time they will have to apply for special economic zone (SEZ) status due to the sunset clause on the policy.

Infosys sets one week deadline for Bengal govt

As per a recent document released by the Indian Ports Association (IPA) on the traffic handled by major ports in India, the traffic in Kolkata Port Trust has dipped 7.14 per cent to 36.72 million tonnes for the period from April to January, as against 39.54 million tonnes during the same period last year.

No relief to KoPT woes, traffic dips drastically

In spite of a slew of initiatives by the West Bengal government to increase tax collection, the state is likely to miss the projected revenue growth.

WB govt to miss projected revenue growth

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