The Hyderabad-based bank has also fixed an interim target to cover around 500 villages by the end of the current financial year under the Financial Inclusion Plan (FIP).

Andhra Bank submits financial inclusion roadmap to RBI

Business Standard

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 110.76 crore to the Orissa government under the 16th tranche of Rural Infrastructure Development Fund (RIDF) for the implementation of 421 lift irrigation and 10 roads and bridge projects.

Nabard sanctions Rs 110.76 crore under RIDF

About 5000 drivers and operators engaged under private transport contractors at Talcher coalfield, who were on cease work strike since Saturday, have called off their agitation.

Strike by private drivers at Talcher coalfield called off

It is imperative for India to be self-reliant by developing a strong technological base in critical technologies and alert 24x7 in the rapidly changing scenario, Defence Minister A K Antony said today. &ldquo;I do not think any country in the world, however friendly they are, would like to part with their most modern &lsquo;A&rsquo; grade technology with any other. That is the reality,&rdquo; he said, inaugurating the eighth edition of Aero India 2011 International Seminar here.

'We must build strong tech base' d be alert 24x7'

Press Trust of India

The Orissa State Pollution Control Board (OSPCB) has served a closure notice on the sponge iron plant with an installed capacity of 400 tonnes per day and the 14 MW co-generation plant of OCL Iron &amp; Steel Ltd operating at Lamloi, Rajgangpur in Sundergarh district for failing to comply with the consent conditions and directives issued by the board from time to time.

Pollution board serves closure notice on OCL Iron & Steel

Axis Aerospace &amp; Technologies, a vertically-integrated aerospace and defence company in the private sector, has been steadily growing its presence in this high growth sector which is expected to see a flood of offset projects coming into India in the near future. The company acquired Cades during late 2009 and has been growing their presence in the international market. Axis considers Russian origin equipment as the most dominant force in Indian defence and presumes that it would continue that way for the next couple of decades. Also, Axis understood that in order to work with Russian-origin aircraft, land and marine system strong cooperation with Russian OEMs are a must. In a conversation with Raghuvir Badrinath, Axis&rsquo; chairman &amp; CEO S Ravinarayanan spoke on the importance of this and how the Indian players can effectively leverage the emerging opportunities.

Q&A: S Ravinarayanan, Chairman & CEO, Axis Aerospace & Technologies

Infotech Enterprises Limited, which provides engineering and geographic information services, is in advanced stages of acquiring an aerospace services company in Europe for a consideration of approximately $20 million (Rs 91 crore).

Infotech to buy European aerospace firm for $20 mn

Bangalore India Bio, an annual event showcasing various aspects of biotechnology industry, is going to be held in Bangalore from May 4 to May 6. This event will exhibit development in biotechnology industry in India along with networking opportunities for companies for future business growth.

Biotech show in Bangalore in May

In a bid to reach out to the small enterprise and rural households, the West Bengal State Electricity Distribution Company Limited (WBSEDCL) has drastically lowered its entry level cost for the new consumers.

WBSEDCL lowers entry level cost

State-run India Infrastructure Finance Company Ltd (IIFCL), World Bank, Asian development Bank (ADB) and the government will come out with a final model of credit enhancement scheme by the end of March.

IIFCL, WB, ADB to come up with credit enhancement model

Tourist destinations have also come under the scanner of Naxalites as rebels detonated a powerful blast at one of the enchanting sites near Jagdalpur in Chhattisgarh today morning in a move aimed to unleash a reign of terror among visitors.

Tourist spot comes under Naxal radar

With the natural gas all set to reach Uttarakhand, the government-owned State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (Sidcul) is holding talks with GAIL to set up two 300-Mw gas-based plants at Kashipur and Haridwar areas.

Uttarakhand, GAIL form JV for power plants

Indian banks are lending more than what they get as deposits &mdash; this is what was Reserve Bank of India (RBI) Governor Duvvuri Subbarao&rsquo;s concern during the third quarterly review of the monetary policy.

Are our banks lending more than they get as deposits?

The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE), which guarantees collateral-free bank credit for micro and small enterprises, has failed to enthuse the small units in the region.

Small and micro units not enthused with credit scheme

The National Bank for Agriculture and Rural Development (Nabard) on Monday sanctioned over Rs 112 crore to the Himachal Pradesh government for the creation of rural infrastructure, taking the aggregate sanction during the current financial year to Rs 403 crore.

Nabard sanctions Rs 112 crore for rural projects in Himachal Pradesh

The mango production in Uttar Pradesh is likely to dip this season as compared tolast year, which had witnessed bumper crop production of about 300,000 tonnes.

UP mango production likely to dip this season

As the equity markets continue to drool in shadiness, corporate companies wishing to raise funds have started opting for private equity investments putting aside their plans for initial public offering (IPO).

Companies drop IPOs  to take PE investment route

Adani group-owned, Adani Power Ltd has registered 50 per cent rise in the net profits for the third quarter ended December 2010 at Rs 109.11 crore against Rs 72.49 crore for the corresponding period last year.

Adani Power Q3 PAT up 50%

With border fencing between Tripura and Bangladesh gradually advancing, official border trade too is increasing at the cost of unofficial trade, thus bringing enhanced revenue for the state&rsquo;s exchequer.

Tripura-Bangladesh border fencing to boost trade

The company's total income increased from Rs 340 crore during third quarter last year to Rs 452 crore this year, posting a rise of 33 per cent for Q3. &quot;&quot;Mundra posted a total income of Rs 452 crore for the current quarter as compared to Rs 340 crore during the corresponding three months last year recording a growth of 33 per cent. Profit after tax for the current quarter is Rs 228 crore as compared to Rs 163 crore for the corresponding quarter last year, a growth of 40 per cent year-on-year (YoY),&quot; said B Ravi, chief financial officer, Mundra Port and SEZ.

MPSEZ net up 40%

CG Foods, one of the leading noodles and snacks Company in Eastern India, set up by Singapore-based Cinnovation Group, is all set to invest Rs 40 crore for establishing a manufacturing plant in Gujarat. The investment will be made over the period of next three years.

CG Foods to invest Rs 40 crore in Gujarat

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