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

Business Standard

Allsec Technologies Ltd, a Business Process Outsourcing (BPO) and IT-enabled service provider headquartered in Chennai, is planning to invest around Rs 50 crore during the present fiscal on developing business opportunities.

Allsec plans to invest Rs 30-50 cr

Value and Budget Housing Corporation (VBHC), a low-cost housing project started by technology entrepreneur Jaithirth (Jerry) Rao, is on track to meet the deadline for Phase I of its first project at Anekal near Bangalore.

Value housing on track to meet Phase-I deadline

A day after assuming office as Chief Minister of Karnataka D V Sadananda Gowda on Friday interacted with top officials and sought their cooperation in hastening development and providing a responsive administration.

Karnataka CM seeks officials' support

Press Trust of India

The Tamil Nadu government presented an interim Budget with a marginal revenue surplus, while there were no new schemes, the fiscal deficit is projected at Rs 13,506.85 crore for the fiscal.

TN Budget pegs fiscal deficit at Rs 13,507 cr

The Tamil Nadu government is planning to add 3,800 MW of power in 2011-12 with an investment of Rs 22,800 crore, either under the state sector or through joint ventures. It is also planning to establish a 50 MW solar park in public private partnership (PPP) mode.

TN plans to add 3,800 MW power capacity this year

The Kerala government will promote private investment, including foreign direct investment, to develop world-class infrastructure facilities in the state. It will also encourage private players to form special purpose vehicles/joint ventures with Kerala State Industrial Development Corporation (KSIDC) and Kerala Industrial Infrastructure Development Corporation (Kinfra).

Kerala to promote pvt investment in infra

The company, which disbursed Rs 249 crore in the state in the last financial year, plans to ramp up the disbursements by 50 per cent in retail loans segment in the state in this financial year.

Magma Fincorp aims for 50% loan growth

Gautam Ashok Choksi did his undergraduation in the US before plunging into his family business some 13-odd years ago. Though he enjoyed his work as vice president-finance of Hindustan Platinum Limited, his desire to obtain an MBA degree never left him.

ISB programme for senior executives catches on

&ldquo;Our current steel production stands at 80 million tonnes. In 2010-11, there was an incremental production of 15 million tonnes in the steel sector and the same quantity is expected to be added in 2012-13 as well&rdquo;, said Union steel secretary, P K Mishra.

Steel output to cross 120 mn tonnes by 2012-13

In a rising interest rate scenario, Exim Bank (Export-Import Bank of India) expects products benchmarked to government security (G-sec), than base or benchmark prime lending rate (BPLR), to gain more popularity among exporters.

Exim Bank expects G-sec linked loans to pick up

The state government is leaving no stone unturned to make Bhubaneswar the numero uno IT destination among the Tier-II cities of the country. To attract more IT industries to Orissa, the government is preparing industry friendly ICT Policy, a new IT Road Map, Special Economic Zone (SEZ) policy and IT Hardware policy.

TCS centre to employ 11,000 by 2013

PSUs incur loss of Rs 18,000 cr in up

HDFC entered the remote Himalayan district of Ladakh by opening its first bank branch in Leh town of Jammu and Kashmir on Thursday, a company official said.

HDFC opens first branch in Leh

A one-day nationwide strike by the bank employees on Friday disrupted banking transactions in Gujarat stalling cheque clearances worth at least Rs 40,000 crore.

Bank strike: Clearances worth Rs 40K cr suffer in Gujarat

Mumbai-based CNI Research Limited is planning to appoint 3000 franchisees across India over a period of three years. Recently CNI InfoXchange Private Limited, a subsidiary of CNI Research Ltd has tied up with public sector banker, State Bank of India Ltd for distribution of its financial products like mutual funds, debt schemes and bonds.

CNI Research to appoint 3000 franchisees in 3 yrs

Vadodara-based Diamond Power Infrastructure Limited (DPIL), an integrated player in the power equipment and EPC segment, posted a decline in its net profit by 5 per cent at Rs 29.63 crore for first quarter of the fiscal 2011-12 as compared to Rs 31.22 crore during the same period previous year. The net sales during the period also dipped marginally by 3 per cent to Rs 369.84 crore from Rs 381.61 crore in the corresponding period last fiscal.

Diamond Power Q1 net dips by 5%

Hyderabad Metro Rail Ltd (HMR) has invited design entries from practising architects for its proposed commercial complex at Putlibowli here. The complex is meant to house hawkers and traders displaced by the Metro&rsquo;s road-widening operations in Badichowdi-Sultan Bazar areas.

Hyd Metro invites design entries for new shopping complex

Australia is keen on investing $2 billion (around Rs 9,000 crore) in Orissa&rsquo;s mining sector.

Australia keen to invest Rs 9,000 cr in Orissa

It seems that when it comes to travelling in India, few can match the spirit of a discerning Gujarati traveller! According to the data provided by holidayiq.com, a tourism portal on the domestic vacations for the winter of 2010, while Indian travellers took around 500 million trips across India last year, travellers from Gujarat accounted for a significant 7 per cent of the country's total spend on vacation travel.

Gujarat accounts for 7% of India's total spend on vacation travel

The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1 lakh on Ahmedabad-based Gujarat Mercantile Co-operative Bank Ltd for violation of RBI directives and persistence of irregularities pointed out in the previous RBI inspection report.

RBI fines Gujarat Mercantile Coop bank with Rs 1 lakh

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