The Delhi Metro Rail Corporation (DMRC) has assured the Madhya Pradesh government that it would submit a detailed project report for metro rail operations in Bhopal and Indore within six months.

DMRC to submit MP metro plan report

Business Standard

Everonn Education Ltd, a Chennai-based VSAT education network company, is planning to invest around Rs 150 crore during the current fiscal. Besides, the company would also foray into foreign markets, including in Africa, during the year.

Everonn to invest Rs 150 cr in iSchool, ICT

Hyderabad-based Divi&rsquo;s Laboratories Limited on Wednesday said the US Food and Drug Administration (USFDA) inspected its Unit-1 at Lingojigudem village in Choutuppal mandal, near here in July. The inspection was for the pre-approval of product and general current good manufacturing practices. The audit concluded with minor observations, primarily about the additional records for further improvement of existing records, a company release said.

USFDA inspects Divi's Lab Hyd unit 

Way back in 1981, when Mumbai was Bombay and much of India was still trundling around in Fiat Padminis and watching &lsquo;Chitrahar&rsquo; on black and white Dyanora television, a young man by the name of Rohinton &ldquo;Ronnie&rdquo; Screwvala was running about convincing residents of the tony Maker Towers in Cuffe Parade to subscribe to his video service. His small cable TV network ran a 3-hour video channel and was a welcome break from the monotony of state-run Doordarshan.

Ronnie sells his magic kingdom

Andhra Petrochemicals Ltd posted a net profit of Rs 12.68 crore for the quarter ended June 30, up three-fold over Rs 4.31-crore earned in the same period last year. Revenues more than doubled to Rs 157.22 crore from Rs 72.96 crore. Cost of materials doubled to Rs 119.21 crore, which constituted 88% of the total expenditure.

Andhra Petro net  up

The Union ministry of heavy industry has on Wednesday launched its first vehicle recycling and dismantling demonstration centre at the site of proposed Global Automotive Research Centre (GARC) under the National Automotive Testing and R&amp;D Infrastructure Project (NATRiP) at Oragadam, near Chennai.

Centre's first vehicle recycling facility opens

Areva T&amp;D India&rsquo;s transmission business (part of Alstom grid) on Wednesday flagged off the world's largest 1200 kV capacitive voltage transformer (CVT) from its Hosur facility. The company, which invested Rs 950 crore in its operations in the country since 2007, said it would invest another Rs 50-60 crore, once the market develops for 1200 KV in the country.

Areva T&D comes up with 1,200 kV transformer

Wipro Lighting and Furniture Business, part of the Wipro Consumer Care and Lighting Group, is betting big on the office, retail, infrastructure and green buildings market in India by roping in international designers, besides hiring more from premier designs schools in the country.

Wipro Lighting to hire more from design schools

Cordiant Technologies is all set to set up an Information Technology Research Park at Thiruvaniyur, 15 km east of Kochi. The company has already acquired 7.5 acres of land and cosntruction is expected to commence soon.

Cordiant Tech to open research park near Kochi

Karnataka governor H R Bhardwaj on Wednesday sanctioned initiation of criminal proceedings against outgoing chief minister B S Yeddyurappa by the state Lokayukta (ombudsman) under the Prevention of Corruption Act, 1988, for his criminal involvement in the multi-crore mining scam in the state.

Nod to prosecute Yeddyurappa

It can be considered among the fastest fund-raising activity in the recent past. Westbridge Capital Partners, revived during mid-February 2011, is understood to have firmed up commitments of close to $500 million within a short period of hardly six months for a public markets fund which they set out to raise.

WestBridge raises maiden $500 mn fund

Former Supreme Court Judge Shivaraj V Patil on Wednesday took over as Karnataka Lokayukta and said corruption would not be tolerated at any level in the state.

'Corruption will not be tolerated at any level'

Press Trust of India

The West Bengal government will change the name of the state and bifurcate districts of West Medinipore, North 24 Paraganas, Bardhaman and Jalpaiguri to provide good governance, Chief Minister Mamata Banerjee said on Wednesday after an all-party meeting on the issue.

Mamata wants to rename Bengal

The ancillary work of the Posco project was stalled once again at the project site when thousands of villagers opposed the chopping of trees on environmental grounds, pressing for fulfillment of their six-point charter of demands which among other things includes payment of daily wages to unemployed youths.

Agitators stall Posco ancillary work

D V Sadananda Gowda, who took charge as the chief minister of Karnataka, here this evening said he needs time to study the Lokayukta report on illegal mining before implementing the recommendations.

CM to study Lokayukta report before implementing it

Truckers in the Southern States and Maharashtra are planning to go on an indefinite strike from August 8. The strike was called against the recent hike in the diesel prices and they were demanding that the government implement toll concession, which was agreed to in 2010. The proposed strike is expected to cause losses to the tune of Rs 2,500 crore a day to the government and Rs 5,000 crore in the four southern states as there will be no movement of cargo.

Truckers plan stir from August 8

The Karnataka government is on a mission to increase accessibility, affordablity and availability of quality healthcare in the state. As part of this, the government plans to upgrade 10 hospitals across the state. In addition to this, the government also plans to secure the hospitals National Accreditation Board for Hospitals and Healthcare Providers&rsquo;s (NABH&rsquo;s) accreditation.

Karnataka seeks to spread quality healthcare

Sun TV Network is planning to launch five more channels this fiscal. The Kalanithi Maran-run network is also planning to invest Rs 150-160 crore on acquiring movie content. Meanwhile, the company has set a target to increase its advertisement revenues 12-15 per cent during the present fiscal.

Sun TV to invest Rs 150 cr for movie content business

The Uttarakhand irrigation department has appointed IL&amp;FS as a new transactional advisor (TA) for the multi-purpose hydel project of the river SONG in Dehradun district of Uttarakhand with a view to construct it on public-private partnership (PPP) model.

Uttarakhand's SONG Dam to be built on PPP model

Sun TV Network has set a target of 12-15 per cent growth in its advertisement revenue during the current financial year.

Sun TV targets 12-15% growth in ad revenue

Areva T&amp;D India&rsquo;s transmission business (part of Alstom grid) on Thursday flagged off the world's largest 1200 kV capacitive voltage transformer (CVT) from its Hosur facility. The company, which invested Rs 950 crore in its operations in the country since 2007, said it would invest another Rs 50-60 crore, once the market develops for 1200 KV in the country.

Areva T&D's 1,200 kV transformer

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