IDBI Bank, which six years back had transformed into a universal bank, is betting big on North-East. Besides infrastructure sector, the bank has expressed its keenness to finance the region&rsquo;s MSME sector.

IDBI bets big on North-east infra, MSMEs sectors

Business Standard

Underpinned by an increasingly positive outlook on the economy, Indian SMEs plan to increase capital expenditure and hire more staff in the next six months and a growing number are eyeing an offshore expansion for their business.

Indian SMEs look offshore for growth: study

Panasonic India plans to invest Rs 1,000 crore in Haryana to set up a manufacturing unit for air conditioners, washing machines and welding and cutting machines. This was announced by the senior officials of the company at the ground-breaking ceremony to launch the construction of Panasonic India&rsquo;s new factory project at Dadritoi village in Jhajjar district, where the company would provide employment to 4,000 people.

Panasonic to set up Rs 1,000-cr unit in Haryana

GSM-based telecom company Aircel today launched 3G services in Uttar Pradesh (East) circle, the second circle after Chennai. Besides, Aircel is the second company after state-owned Bharat Sanchar Nigam Limited to launch 3G services in UP (E).

Aircel launches 3G services in UP

The gross state domestic product (GSDP) of Karnataka is estimated to grow about 8.2 per cent at Rs 2,71,956 crore during the present fiscal (2010-11) as against 5.2 per cent during the last fiscal (2009-10), the state&rsquo;s economic survey for 2010-11 revealed on Thursday.

Economic survey projects 8.2% growth in state

Rane TRW Steering Systems (RTSSL), a joint venture between Chennai-based Rane group and US-based TRW, is entering the power steering fluid market by launching a product for the commercial and utility vehicles.

Rane TRW enters power steering fluid market

The district magistrate of Malkangiri R Vineel Krishna, who was abducted by the Maoists nine days back, was freed by his captors this evening bringing to an end the worst ever hostage crisis in the state.

Abducted Malkangiri collector freed

Banking on the Centre's new plastic waste management rule, Gujarat based Greendiamz Biotech, which has set up the country's first dedicated bio-plastic manufacturing facility, is aiming to take its turnover close to Rs 600 crore in a span of few years.

Greendiamz biotech bets big on biodegradable plastic

Taking its expertise in entrepreneurship development to Sri Lanka, the Ahmedabad-based International Centre for Entrepreneurship and Career Development (ICECD) has trained over 30 non-government organisations (NGOs) of the neighbouring country.

ICECD trains 30 Sri Lanka NGOs in entrepreneurship

The company&rsquo;s Rs 200-crore bid for Unibic highlights its seriousness about a segment in which it had been taking small steps.

Marico whets its appetite for foods

I will turn Darjeeling into Switzerland!This was one promise which the Railways&rsquo; minister Mamata Banerjee had made to the people of Darjeeling before the last Lok Sabha elections. Amid flooding poll sops for West Bengal in her Budget speech, if the Trinamool stalwart forgets the toy train, it might sound death knell for the iconic service of Darjeeling Himalayan Railway (DJR) &mdash; which is in the UNESCO&rsquo;s world heritage list.

Darjeeling waits for Mamata magic

As a testimony to the sustained recovery in the global economic situation, France has opened its arm for the India Inc to expand their presence by setting up units on the European soil.

France woos India Inc for Pharma, IT sectors

Asking for a clear demarcation between ownership and management, the Standing Conference of Public Enterprises (SCOPE), an apex body pursuing interests of public sector enterprises on Thursday said that the government should not transgress into the day-to-day affairs of the PSUs.

Let PSU management decide on daily operations: SCOPE

Chief minister B S Yeddyurappa on Thursday created history by presenting a separate budget for agriculture sector.

First agri budget moots 1% interest on farm loans

Linen Club, the premium branded retail chain from Jaya Shree Textiles of Aditya Birla Nuvo Ltd, has opened its 40th new store in Nashik. With an aim to strengthen its base, the company is planning to open 100 new stores at select locations in the next two years (by March 2013).

Linen Club plans 100 new stores by March 2013

Yeddyurappa today proposed an infrastructure development package of Rs 4,770 crore for the overall development of Bangalore through various sources. This would help provide adequate infrastructure for the growth and development of Bangalore city.

B'lore gets Rs 4,770 cr infra development package

Mercedes-Benz India today entered the Vidharbha region with the opening of its dealership network in Nagpur.

Mercedes-Benz opens dealership in Nagpur

Press Trust of India

Zensar Akibia was recently named Extreme Networks' 2010 Top Technical Performance Platinum-Level Partner for the second consecutive year.

Extreme Networks again names Zensar Akibia as platinum level partner

The North-Eastern city of Guwahati has been ranked 34th out of top 50 cities in India (by population) in terms of vibrancy in a recent survey done by Morgan Stanley.&nbsp; However, it found that the household income of Guwahati was above the national average.

Guwahati ranks 34 in Morgan Stanley's  population survey

The real estate sector in Punjab expects the union budget 2011-12 to spell out measures which provides revival of buyers for the sector.

Realtors in Punjab pin high hopes from Budget 2011-12

Chief minister B S Yeddyurappa on Thursday presented a surplus budget for fiscal 2011-12 while marginally increasing the rate of value added tax (VAT) on all goods. The new proposals are aimed at raising additional revenues of Rs 1,020 crore.

Yeddyurappa presents surplus budget, ups VAT rate

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