Nokia Siemens Networks (NSN) has expanded its manufacturing delivery centre located at Oragadam in Chennai to 55,000 sqm from 35,000 sqm in addition to ramping up the product lines to address the demand from the telecom sector.

Nokia Siemens expands Oragadam facility

Business Standard

MIC Electronics Limited, a Hyderabad-based manufacturer of LED (light-emitting diode) lighting and display systems, is readying itself to take a plunge into the fast-growing LED lighting retail segment, though in a small way to start with, according to chairman and managing director MV Ramana Rao.

MIC Electronics set to enter retail business

The Andhra Pradesh High Court on Wednesday directed the Central Bureau of Investigation (CBI) to register a case against Kadapa MP YS Jagan Mohan Reddy under relevant sections of the Indian Penal Code (IPC), Prevention of Corruption Act and Prevention of Money Laundering Act and conduct investigation into the financial misdeeds committed by him.

HC orders CBI probe into Jagan, Emaar cases

Infotech Enterprises Limited, a technology solutions provider offering engineering and geographic information services, on Wednesday entered into an MoU with the Indian Institute of Technology-Hyderabad (IIT-H).

Infotech signs MoU with IIT-Hyderabad 

Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.

How Cognizant became a contender

IP Holdings Asia Ltd, which acquired a majority stake in Andhra Pradesh Paper Mills in April this year, has filed an appeal before the Securities Appellate Tribunal on August 5, according to a filing by AP Paper with the BSE on Wednesday.

AP Paper acquirer files appeal in SAT

The 72-km stretch of second phase of Bangalore Metro project is likely to cost Rs 23,800 crore.

Early clearance for Metro phase-II sought 

Matrix Partners, the US-based private equity firm with $3 billion under management, on Wednesday announced that it has invested Rs 45 crore through its India investment arm in Kids Clinic India Private Limited, a Bangalore-based provider of maternity and infant care under the brand Cloudnine. Matrix is the sole investor in the first institutional round of funding. With this fund infusion, Matrix has acquired a significant minority stake in Cloudnine.

Matrix invests Rs 45 cr in neo-natal hospital

Regional Airport-Holdings International Limited (RAHI), a private airport developer, on Wednesday announced that it will invest around Rs 3,000 crore in over 15 aviation infrastructure and services projects across the country over the next five years, the company said in a press release.

India's first private regional airports by mid-2012

After having experienced sleepless nights during global slowdown in 2008, the Surat diamond industry seems to have played safe as far as US, the biggest diamond jewellery market, is concerned. Even as the entire world is keeping a close watch over US debt crisis, the Diamond City of India has exuded confidence that the current situation in US is unlikely to have any effect on diamond business.

Diamond industry sees no impact of US debt crisis

Company registers 48.40 per cent growth for six months.

Amway India plans Rs 400-cr new manufacturing facility

Omega Healthcare Management Services, a healthcare business process outsourcing (BPO) company, is planning to increase its staff strength by recruiting 1,000 employees in the current fiscal. It would invest around $18-20 million (around Rs 80-90 crore) in the current fiscal year in India including in its recently launched new facility in Trichy.

Omega Healthcare to put $20 mn in Indian operations

The Central Bureau of Investigation (CBI) is expected to book two separate cases, one against Kadapa MP YS Jagan Mohan Reddy in connection with the alleged amassment of illegal wealth and the other against the Emaar group for playing fraud on the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), in a day or two.

CBI may book case against Jagan soon

IL&amp;FS Engineering and Construction Ltd, formerly known as Maytas Infra Ltd, has posted a net loss of Rs 14.11 crore in the three months to June 30, compared with Rs 43.46 crore in the corresponding quarter last year. The company's total income rose 40 per cent in the quarter to Rs 253.17 crore from Rs 180.72 crore.

IL&FS Engg cuts loss to a third in June quarter

Industrialists here are afraid that Hyderabad, which accounts for nearly 60 per cent of the industrial activity in Andhra Pradesh, will go the Kolkata way as far as investments are concerned.

Is Hyderabad going the Kolkata way?

The flooding in of Japanese thread fin bream, or Kilimeen as it is locally called, has upset the functioning of the major fishing harbours of central and northern Kerala. The fresh fishing season after the 45 days trawling ban was kickstarted with the heavy inflow of thread fin bream as heaps of fish formed in fish landing centres like Mattanchery, Munambam and Murikkumpadam.

A flood of Kilimeen strains supply chain in Kerala

Even as Posco India is yet to submit a written response on the draft prepared for renewal of Memorandum of Understanding (MoU) with the Orissa government, the company is understood to have raised certain reservations over the omission of the iron ore swapping clause in the revised pact.

Posco not to export iron ore, but swap ore within state

Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd (CIL), has invited expression of interests from power plant developers to build a 2X 800 MW super critical thermal power plant in Sundergarh. The project will utilize unsold coal reserves of the company lying in the area.

MCL forays into power generation, invites EoI for 1,600 MW plant

In a 14-page addition to the six and half page vote-on-account presented by him on June 24, West Bengal Finance Minister Amit Mitra on Thursday set an ambitious increase in revenue receipt by 31.39 per cent for the state.

WB FM targets 31% higher revenue collection

The Naxalites on Thursday broke their three month long self-proclaimed &lsquo;cease fire&rsquo; by opening fire on a CRPF patrol at Salboni, West Medinipur. They not only attacked the CRPF jawans, but also engaged them for quite some time.

Naxalites break ceasefire, attack CRPF jawans

Chief minister D V Sadananda Gowda on Thursday expanded his one-week-old ministry with the induction of five more ministers. This is the second expansion of his cabinet in the last four days.

Round 2: Gowda inducts 5 more ministers

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