The vintage but ailing Nepa Nagar Mills may get back to life, as the Union government is learnt to have dumped its disinvestment plan of the 1947-founded company &mdash; instead, float a Rs 975-crore revival plan.

Nepa poised for Rs 975-cr revival plan

Business Standard

The Himachal Pradesh government has decided to bring direct to home(DTH) TV services under entertainment duty tax.

HP nods for entertainment tax on DTH

Maruti Suzuki India Ltd is expecting a slower growth in sales in the current financial year in the backdrop of the slowdown in the market. The growth in sales might drop to 8-9 per cent from 30 per cent in the last fiscal, which was one of the highest growth rates achieved by the company.

Maruti expects slowdown in sales this year

Manappuram Finance Ltd (MFL) will be opening its new corporate office in Mumbai. The Mumbai office, located at Aiswarya Business Plaza, in Kalina, will be the annexe of the headquarters of the company located at Valapad in Kerala, according to its executive chairman VP Nandakumar. Maharashtra governor K Sankara-narayanan will inaugurate the new office on August 20. MFL expects its gold loan disbursements to grow 50-60 per cent in the current financial year to about Rs 30,000 crore, from Rs 18,000 crore last year.

Manappuram opens office in Mumbai

Chief minister N Kiran Kumar Reddy on Friday assured the Confederation of Indian Industry (CII)'s Southern Council that his government would fully protect the interests of the industry in all respects, including providing adequate security against disruptions on account of agitations.

CM firm on protecting industry interests

The Central Bureau of Investigation (CBI) continued its search operations on the second day on Friday in connection with the case of alleged financial misdeeds and illegal amassment of wealth by Kadapa MP YS Jagan Mohan Reddy.

CBI raids Ramky, Aurobindo, Navbharat offices

A late entrant into the two-wheeler segment, Amara Raja Batteries Limited, one of the leading manufacturers of industrial and automotive batteries, will soon join the original vehicle (OV) bandwagon after establishing a substantial market share in the replacement market.

Amara Raja set for OV two-wheeler market foray

IT consulting and outsourcing company Mahindra Satyam will be organising a national seminar on &lsquo;Nano-technology &ndash; Its future and applications in energy sector&rsquo; in Hyderabad from August 26, 2011. The two-day seminar would discuss and exchange trends, technologies and challen-ges in the energy arena of nanotechnology. Satyam chief technology officer AS Murty, and senior vice-president and global head, Karthikeyan Natarajan of Mahindra Satyam will take part in the sessions, the company said.

Satyam's seminar on nanotechnology

The development of minor ports at Chudamani and Inchudi in Balasore district has been held up due to want of clearance from the Ministry of defence.

Port projects held up for want of defence clearance

Navaratna PSU National Aluminum Company (Nalco) has posted 32 per cent growth in net profit in the first quarter of the current financial year ended June 30 at Rs 377 crore, as against Rs 284 crore recorded in the corresponding period of last fiscal.

Nalco's net up 32 % in April-June

West Bengal is all set to be renamed as &ldquo;Paschimbanga&rdquo; in English, the way the state is called in Bengali, parliamentary affairs minister Partha Chatterjee said after an all-party meeting on Friday.

West Bengal to be renamed 'Paschimbanga'

If all works well, then luxury cruise liners might soon dock at some of the ports in Gujarat. In a major move that will give a boost to the many tourism initiatives taken for Gujarat, the state government is now looking at putting in place a policy for cruise tourism in the state.

Guj Govt working on policy to promote cruise tourism

In a bid to promote product and service innovations and strengthen the IT industry in Gujarat, forums like Gujarat Electronics and Software Association of India (GESIA), The Indus Entrepreneur (TiE) and Centre for Innovation, Incubation and Entrepreneurship (CIIE) are increasingly hosting mentoring workshops for start-ups.

IT industry aims at mentoring start-ups

After commissioning the second phase of the Tehri dam &mdash; the 2400 mega watt (mw) Tehri multipurpose hydel project, the THDC India Ltd (THDCIL) is now focusing on the third and last phase of the dam through pumped a storage plant (PSP) scheme to generate 1000 mw of power.

THDCIL focuses on PSP scheme of Tehri project

Medfort Hospitals, a healthcare company with focus on diabetes and eye care treatment services, is planning to invest $40-50 million of growth capital in the next two to three years on its organic and inorganic growth plans.

Medfort Hospitals to invest $40-50 mn

IL&amp;FS Engineering and Construction Ltd, formerly known as Maytas Infra Ltd, posted a net loss of Rs 14.11 crore in the three months to June 30, compared with Rs 43.46 crore in the same quarter last year. Total income rose 40 per cent in the quarter to Rs 253.17 crore from Rs 180.72 crore. The company said the financial results include its share of profits amounting to Rs 51.18 lakh from integrated joint ventures in which it is a co-venturer, except from one JV which has not yet prepared its results. On realising its claim for Rs 323.78 crore from the erstwhile Satyam Computer Services Ltd, the company said it was confident of recovering the inter-corporate deposits with interest.

IL&FS, DQE, Bartronics & Gayatri Q1 rusults

The West Bengal government's move in changing the state's name to 'Paschimbanga' has evoked mixed response among the people here, from support to downright opposition and indifference.

Change in WB`s nomenclature evokes mixed reactions

Press Trust of India

The Andhra Pradesh government has urged the Centre to allocate 3.2 mmscmd (million metric standard cubic metre per day) of natural gas on top priority for gas-based projects to meet the ever-growing power demand in the state.

AP seeks 25% hike in natural gas supply on top priority

Two MPs, and 25 members of the legislative assembly (MLAs) loyal to Kadapa MP YS Jagan Mohan Reddy on Sunday decided to resign to protest the inclusion of late chief minister YS Rajasekhara Reddy's name in the FIR filed against Jagan, who is currently facing a Central Bureau if Investigation (CBI) probe into the alleged illegal assets case.

Pro-Jagan MLAs to resign today

After the central assistance for the revival of 11 sick public sector enterprises (PSE) in the state, seven of them have started making profits, said a top official from the Board for Reconstruction of Public Sector Enterprises (BRPSE).

Centre aid helps seven Bengal PSEs turn around

The non-convertible debentures (NCD) issue of Muthoot Finance Ltd (MFL) will open on August 23. The company plans to raise Rs 1,000 crore through the public issue of debentures, said George Alexander Muthoot, managing director of the company.

Muthoot NCD issue to open on Aug 23

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