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

Business Standard

Nimmagadda Prasad, whose company Matrix Laboratories has remained a prefix to his name even after he sold it to US-based Mylan in 2006, has transferred 40 per cent stake in Vanpic Ports Private Limited to the Navayuga group for an undisclosed sum.

Prasad sells 40% stake in Vanpic to Navayuga

Principal secretary of the energy department, Dinesh Kumar, who took charge on Thursday from the outgoing secretary Suthirtha Bhattacharya, has come out with a five-point programme to strengthen the sector.

New energy secy's 5-pnt programme

Last month&rsquo;s Mumbai blasts have shaken this diamond hub into clearing up its congested streets and installing CCTVs. But some feel that only a total re-location will make them secure.

Surat braces for attacks

The division bench of Andhra Pradesh High Court, hearing the writ petitions against Kadapa MP YS Jagan Mohan Reddy and Emaar-APIIC deal, on Thursday briefly read out the CBI&rsquo;s preliminary inquiry reports minutes before reserving its orders. Earlier in the day, the court completed the hearings on counter affidavits filed by the respondents in the two cases.

Bench reserves orders on Jagan, Emaar-APIIC cases

Kochi-based Sree Sakthi Paper Mills Limited on Thursday reported a 16.43 per cent increase in its net profit to Rs 1.70 crore for the quarter ended June 2011, as compared with Rs 1.46 crore in the corresponding quarter last year.

Sree Sakthi Paper Q1 net up 16 pc

Reserve Bank of India deputy governor Anand Sinha has said that mobile banking technology is the hottest area of development at the moment and is expected to complement and to an extent replace the credit/debit card system in future.

Mbanking can replace cards to an extent: RBI deputy governor

The first-ever Lok Adalat in south India to settle the pending motor accident claim cases will be held at Kochi on Augut 6. The General Insurers Public Sector Association (GIPSA), the common platform of the public-sector general insurance companies had devised this scheme for the speedy settlement of motor third party claims.

Lok Adalat on third party claims from Aug 6

Bharat Sanchar Nigam Limited has launched its reconnection mela in Andhra Pradesh to bring back disconnected landline, broadband and WLL customers.

BSNL on reconnection drive in AP

Visakhapatnam Steel Plant posted a 57 per cent growth in sales turnover to Rs 3,733 crore during April-July 2011 as compared with the corresponding period last year. VSP sales turnover stood at Rs 2,372 crore during last year. Saleable steel grew 34 per cent to 828,000 tonnes up to July &rsquo;11, as against 618,000 tonne. Value added steel stood at 640,000 tonne (470,000 tonne), representing a growth of 36 per cent while project sales stood at 202,000 tonne (149,000).

Vizag Steel sales turnover up 57%

Kerala State Industrial Development Corporation (KSIDC) has invited request for qualification (RFQ) towards a developer for the oceanarium project at Puthuvype in Vypin Island near here.

Kerala govt calls RFQs for oceanarium project

The industry-society standoff in Gujarat is reaching newer peaks day-by-day. Now, the fishermen community from Mundra region are once again up in arms against the industrial development on the coastal belt.

Villagers protest against Tata, Adani's power projects

Even as restriction of cotton export is being removed, the ginning industry in Gujarat has been expressing its dissatisfaction over the move by Centre.

Export ban removal won't benefit Gujarat cotton ginners

Diesel engines manufacturer Cummins India is setting up a global technology centre in Pune for their research and development projects which will accommodate over 2500 engineers. The company is investing around Rs 337 crore for this centre.

Cummins to set up global technology centre in Pune

The Orissa Government on Thursday filed a petition in the Supreme Court (SC) challenging the unilateral notification of the Kolkata Port Trust (KoPT) extending the port limits.

Orissa goes to SC over KoPT limits extension

Bharti Walmart Pvt. Ltd, the wholesale joint venture between the world&rsquo;s largest retailer Walmart and Bharti Enterprises, is facing strong protest from the local traders specially retailers in Chhattisgarh.

Local traders protest against Bharti Walmart store

The Orissa government will list two of its profit making public undertakings-Orissa Mining Corporation (OMC) and Orissa Hydro Power Corporation (OHPC) in the stock exchange.

Orissa to list OMC, OHPC in stock exchange

Tension prevailed in the Posco project site in Orissa as the irate villagers on Thursday detained two officials, one from Posco and another staff of Industrial Infrastructure Development Corporation of Orissa (Idco), who had gone to Noliasahi in Gadakujang panchayat for cutting of tress on the acquired land.

Tension at Posco site, two officials detained

The North Eastern states, including Sikkim, had outpaced the country when it came to growth in Per Capita Income (PCI) in the year 2009-10. The states of the region registered a collective growth rate of almost 10 per cent in their PCI in the fiscal 2009-10, as against the national growth rate of little above 6 per cent.

NE states outpace the country in PCI growth rate

Washing of coal within the state, which snowballed into a major issue with the Orissa government complaining about bearing the burden of pollution, may deepen further as the Union Ministry of Environment and Forest (MoEF) is planning to reduce the distance of carrying the coal having more than 34 per cent ash content to the power plant from 1000 km to 500 km from the pit-head.

MoES may alter norms for carrying non-washed coal

After the tax holiday under sections 10A and 10B of the software technology parks of India (STPIs) ended earlier this year, the government is looking at coming up with another incentive scheme for new companies.

Govt considers new incentive scheme for units in STPIs

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