Tata Steel's multi-product Special Economic Zone (SEZ) at Gopalpur has attracted downstream investments in sectors like auto components, gems &amp; jewellery, apparel, speciality chemicals, ores and minerals processing, logistics and warehousing and marine food processing.

Tata Steel's Gopalpur SEZ attracts investors in gems & jewellery, apparel, mineral processing

Business Standard

The Government of Gujarat on Wednesday announced setting up of an inquiry commission under a retired Supreme Court judge, justice M B Shah to inquire into the 17-point corruption charges levelled against Modi government by Congress, the opposition party in the state. The Gujarat Congress had made a number of corruption charges against the ruling BJP government in a memorandum submitted to the President of India earlier this year.

Modi appoints commission to look into graft charges

Monsoon season coupled with a slowdown in realty sector seems to have brought down the tiles demand in the country by about 20 per cent over last year. What's more, the industry faces pressure on margins as raw material and fuel costs have shown sharp increase over last year.

Tiles makers under pressure as demand slackens

After scripting a blockbuster exit by earning about four times its investment in Hyderabad-based discount pharmacy chain MedPlus, Peepul Capital the $700 million private equity fund, is setting the stage for yet another healthy exit. This time, from the Chennai-based mobile phone retail chain UniverCell.

Peepul set for exit from UniverCell

The government&rsquo;s proposal to impose 26 per cent tax on profits from coal mining and 100 per cent royalty on other minerals would make Indian mining and mineral based industry heavily taxed and render it uncompetitive, industry body Assocham has said. The group of ministers (GoM) recently proposed these measures for the project-affected people under the district mineral development fund and incorporating it in the new mining bill.

Royalty proposal for mining opposed

Press Trust of India

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch.

MFIs: Still in the doldrums

Ahmedabad-based Lincoln Pharmaceuticals Ltd. (LPL), recently announced the launch of its ayurvedic product named &lsquo;ISL Granuels&rsquo; that will serve the mother and child healthcare segment.

Lincoln Pharma launches ayurvedic product

The Karnataka High Court on Wednesday adjourned to August 22 the hearing of a writ petition filed by former Chief Minister B S Yeddyurappa seeking direction to quash Chapter 22 of the Lokayukta report, which indicted him in illegal mining scam.

HC adjourns ex-CM's petition to Aug  22

Eyes 20 per cent year-on-year growth for next five years.

Mahindra Powerol plans to add 7,000 new dealers

Persistent Systems, a player in outsourced software product development announced that it has invested in a 2.1 mega watt windmill turbine at Dhule, Maharashtra, as a part of its Green Persistent Movement.

Persistent Systems invests in windmill turbine

India&rsquo;s urbanisation has become an opportunity to address the challenges of poverty, inclusion, sustainability and deepening democracy. But, dealing with these challenges requires a multi-disciplinary approach and needs inputs of a whole lot of experts from many disciplines.

India's urban change to get expert help

Two companies, Welspun Consortium and Mundra Port and Special Economic Zone (MPSEZ), have submitted bids to be a partner in developing and operating the Vizhinjam international seaport near Thiruvananthapuram. After opening the financial bids, the government will select the private partner for the project.

Welspun, Mundra bid for Vizhinjam port project

Indian Space Research Organization (ISRO) has set in motion preparations for launch of Megha-Tropiques, an advanced weather and climate research satellite, on board PSLV from Sriharikota spaceport next month-end.

ISRO readying for climate research satellite launch

Export of marine products in 2010-11 touched the $ 2.84 billion, registering a growth of 18.96 per cent in quantity, 27.64 per cent in rupee value and 33.17 per cent in dollar realisation compared to the previous year, according to Marine Products Export Development Authority (MPEDA).

Marine product exports reach $2.84 bn

&ldquo;We had recorded Rs 125 crore turnover last year, which is an increase of 8 per cent over the previous year&rsquo;s Rs 116 crore. This year, we have expanded our operations and hence expect a good revenue,&rdquo; APTDC vice-chairman and managing director Sandeep Kumar Sultania said.

APTDC targets Rs 140 cr turnover this fiscal

Mahindra &amp; Mahindra recently entered into an MoU with Eurocopter, the world&rsquo;s leading helicopter manufacturer. This is expected to contribute to the growth of the Indian aeronautical industry and the civil aircraft market.

Eurocopter, Mahindras to widen tieup

Sankara Eye Care Institutions (SECI), a not-for-profit eye hospital chain, is focusing on expanding to Bimaru states. With a hospital coming up in Ludhiana, Punjab by early 2012, the Sankara chain aims to open a hospital-a year in Bihar, MP, Rajasthan, UP and Chattisgarh. Over the next five years the chain plans to spend about Rs 125 crore in these states.

Sankara visions expansion

Bangalore-based film production house Yellow Submarine Film, an authorised India agent for the New York Film Academy, expects 8-10 students from Hyderabad for the latter&rsquo;s film-making and acting in film workshop to be held in New Delhi in October this year.

NY Film Academy workshop in October

Chief minister N Kiran Kumar Reddy on Wednesday requested the Union government to advise oil marketing companies to allot 800,000 liquid petroleum gas (LPG) connections to Andhra Pradesh annually for distribution to below poverty line (BPL) families under Deepam scheme in the next three years. In a letter to Union minister for petroleum and natural gas, S Jaipal Reddy, the chief minister said that the state government proposes to cover maximum number of BPL families with LPG connections by paying the deposit for cylinder and regulator with a view to protect the women from health hazards.

LPG connections to BPL families

A week after the Andhra Pradesh High Court ordered a full-fledged inquiry into the financial misdeeds alleged to have been committed by Kadapa MP YS Jagan Mohan Reddy and the alleged fraud played on the state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC) by the Dubai-based Emaar group, the Central Bureau of Investigation (CBI) reportedly filed FIRs in the two cases on Wednesday.

CBI files FIRs in Jagan, Emaar cases

The West Bengal government on Wednesday said it will not allow the proposed nuclear power plant at Haripur in East Midnapore district.

No nuclear power plant at Haripur: Govt

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