Improved Profit Likely

Business Standard

The brand has been growing at an aggressive pace and accounts for 10% of Titan's revenues of close to Rs 9,000 cr

Fastrack takes 'irreverence' to its retail stores

BS Reporter

The tall claims of the Chhattisgarh government that it would provide diagnostic facilities in tribal and remote areas through outsourcing seem to have fallen flat. No private party has shown interest in the proposal. Earlier, health activists had expressed doubts over the success of such a move and had demanded that the government reconsider the decision.In December last year, the state government had issued request for proposal (RFP) and had invited private players to submit their bids. The government divided the state into four regions for the purpose: Raipur, Bilaspur, Bastar and Sarguja. Raipur and Bilaspur are well developed while Bastar and Sarguja are backward regions. Diagnostic firms bid for centres in Raipur and Bilaspur but the state government did not get any bid for Bastar or Sarguja. The authorities have now issued fresh RFP.In its new RFP, the government has clubbed Bastar with Raipur region and Sarguja with Bilaspur to ensure that the bidding firms provide services even

Diagnostic  firms give  tribal areas a miss

The realtor has sharply lowered its debt by selling off non-core assets and going back to the core business, but a complete turnaround is unlikely until demand recovers

DLF cuts itself down to size

Toshiba appoints Warke to drive India sales

BS People: Sanjay Warke

Year 2012 saw private equity (PE) players increase their fund flow to the $225-billion Indian logistics sector.PE investments into the sector saw 43 per cent growth in 2012 at $280.87 million against $195.26 million in the previous year. According to experts, the sector has been able to attract more PE investors because freight business has shown signs of stabilisation and the sector has witnessed a rise in opportunities for growth.In 2012, the sector witnessed 14 deals, up from 10 deals in 2011. In 2013, the sector has till date attracted $58.01 million in two deals, including PE-firm Everstone Capital Advisors' Rs 220-crore (around $40.8 million) investment for a significant minority stake in Transpole Logistics, according to data from VCCEdge.Some of the other notable deals concluded in the past two years include Warburg Pincus' $100-million investment in Chennai-based Continental Warehousing in April 2011, General Atlantic's $104-million investment in Fourcee Infrastructure Equipme

PE companies look at growing opportunities in logistics sector

Private equity investments in power companies saw a fall of 74% in the last two years

Blackstone calls off deal with Visa Power

At least 20 people were killed and 50 others sustained injury after a fire swept through a six-storey "illegal" godown-cum-office complex at Surya Sen market in Kolkata's Sealdah area in the wee hours on Wednesday

20 killed, 50 injured in Sealdah market fire

Alliance Air, the wholly-owned subsidiary of Air India Limited, will resume operations from Kochi to Agatti and back effective March 1.  The ATR aircraft will operate on Mondays, Tuesdays, Thursdays and Saturdays.The flight will depart Kochi  at 10.20 hrs and arrive  at Agatti at 11.40 hrs, a  release said.  Departure from  Agatti will be at 12 hrs on the  same day and arrival at  Kochi at  13.20 hrs.

Agatti air service resumes

Looking at various places, especially where Japanese companies are concentrated, to set up these parks

Sumitomo Corp looks at setting up industrial parks in India

Petroleum ministry had allowed the company to sell gas directly and outside the administrative price mechanism

ONGC starts direct selling of natural gas to Steel Exchange

Likely to sign an MoU with state government on March 15

Isuzu may set up LCV unit in Andhra

Wants to rate 45 companies by this calendar year

GreenCo Rating to broaden reach

The theme for 2013-14 will be Critical Rural Infrastructure for Agriculture and Rural Development

Nabard projects credit plan of Rs 68,172 cr for state in FY14

To invest Rs 600 cr on setting up new plant

Bosch's Bidadi plant set to open in 2014

The Bombay High Court has asked Maharashtra Pollution Control Board and Nashik Municipal Corporation (NMC) to urgently check pollution in Godavari river which originates at Trimbakeshwar, near Nashik, a major pilgrim centre

HC asks MPCB, NMC to check pollution in Godavari river

Press Trust of India

The Empowered Group of Ministers (EGoM) on drought, headed by Agriculture Minister Sharad Pawar, is likely to meet next week to consider financial aid to drought-hit Maharashtra

EGoM likely to meet next week to discuss Maha drought

Goa Chief Minister Manohar Parrikar on Wednesday warned that any delay in resumption of mining banned by a Supreme Court order could result in violence and suicide

Goa CM warns of violence over delay in resumption of mining

Harman, a $ 4.4 billion global provider of audio and infotainment solutions company is focusing on India market to achieve sales of $500 million in the next five years

Harman eyes bigger pie of Indian market

According to the report, the export of castor oil is likely to be around 550,000 tonnes and domestic consumption about 150,000 tonnes in 2012-13

Large carryover stock may cap sharp gain in castor: JAU

The work of structure construction on Indrawati River to facilitate proper water sharing between Chhattisgarh and Orissa states would be completed by June 2014

Construction on Indrawati river to be complete by June

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