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

Business Standard

State-owned miner NMDC is planning to set up a beneficiation facility to convert the huge low grade dumps at Donimalai mine in Karnataka into high grade iron ore.

NMDC to set up iron ore facility in Karnataka

The South Asian Real Estate (SARE) has announced a Rs 500-crore residential township at Kolathur, GST Road, in Chennai. The township, on 61.4 acres of land, will have 608 apartments, 460 villas and plots. The total project is expected to be completed in three phases, with Phase-1 scheduled for completion within 18 months from date of commencement of civil works. It is the second project of the company in Chennai.

SARE plans Rs  500-crore home project in Chennai

State has reached a double digit growth this year despite a continuous slide in primary sector. The tertiary sector&rsquo;s contribution to the gross state domestic product (GSDP) and growth in tax collection are the prime reasons. The industrial production of the state is also likely to grow by 6.7 per cent during 2009-10 as the industrial production as gone up by 66.7 per cent, the state economic survey 2010-11 tabled yesterday in the state assembly revealed.

GSDP, industrial production rise in MP

The Uttarakhand government today said it gave no undue benefit to Sravanthi Energy Pvt Ltd, a Gurgoan-based company, for setting up a 225-Mw gas-based power plant in Kashipur as being alleged by the opposition.

No undue favour to Sravanthi, says Uttarakhand

The non cooperation movement launched by government employees, teachers and workers of public sector undertakings in the Telangana region entered the eighth day today with both the government and employees refusing to relent.

Non cooperation enters 8th day

Speaking to mediapersons at its silver jubilee celebrations here today, K Bhaskar Reddy, managing director, Creamline Dairy, said, &ldquo;Tetra pack has one to three months shelflife. So, our focus would be more on cultured and long shelflife products.

Creamline Dairy plans Rs  10 cr tetra pack plant in Hyd

The Employees State Insurance Corporation (ESIC), which provides health insurance for employees of registered organisations earning up to Rs 15,000 a month, is setting a 126-bed super speciality hospital at Sanathnagar, offering treatment in cardiovascular disease, neuro sciences, paediatrics, and urology.

ESIC's new hospitals in Hyd

To start with, the auction will be held at six platforms initially and would be extended to the remaining platforms by the middle of March.

Tobacco auctions begins in AP

The Karnataka government has allotted 4,290 acres of land to the Aeronautical Development Establishment (ADE) for aeronautical test range project at Chitradurga district, the Defence Research &amp; Development Organisation (DRDO) said here today.

State allots land for aeronautical test range

Press Trust of India

The biotechnology industry in India is likely to see a significant uptick in the merger and acquisition (M&amp;A) activity, primarily on the back of drastic restructuring that companies from the West had to undergo post the economic recession. However, challenges such as funding constraints may continue to persist, even as the Asian biotech economy would maintain growth with focus on research, according Grant Thornton.

Biotech sector to see uptick in M&As: Grant Thornton

Offering itself as a base for the European market, France is inviting investments by Indian companies in sectors such as pharmaceuticals, IT and automotive &mdash; where Indian companies are competitive &mdash;as well as in renewable energy, logistics and food processing sectors.

France woos pharma, IT, auto sectors

Jindal Steel &amp; Power (JSPL), which proposed to set up a six million tonne per annum steel plant at Parang in Angul district , has decided to ramp up the capacity of the project to 20 mtpa making it the world's biggest single location steel facility.

JSPL to ramp up Angul project capacity to 20 mpta

Infopark Kochi has invited applications from IT/ITeS companies and infrastructure developers offering office premises and land in the newly developed Special Economic Zone IT campus at Cherthala near here.

Infopark Kochi now offering office space

Presently, DishTV has breached the 10 million mark in terms of subscriber base.

DishTV to add 3.5 mn subscribers in 2011-12

Gujarat is planning to go on the lines of Tamil Nadu &amp; Lakshadweep to solve its potable water supply issue.

Guj decides to go TN, Lakshadweep way to address water woes

When it comes to office space, the appetite seem to have just gotten bigger for enterprises in Ahmedabad. According to city-based developers, the average office space enquiries have more than doubled in the last 4-5 months.

Average office space demands doubles in Ahmedabad

Eyes Rs 900 crore turn over
Nikon India, the 100 per cent subsidiary of Nikon Corporation, is planning to invest Rs 120 crore in brand building and promotional activities in the next FY 2011-12. The company is expecting 125 per cent growth in the current FY 2010-11 and eyeing Rs 900 crore turn over in the next FY 2011-12.
The company distributes markets and services the complete range of Nikon imaging products, including Nikon D-SLR (Digital Single Lens Reflex) as well as compact cameras, the

Nikon India to invest Rs 120 crore in brand building in FY11-12

Marg Properties, the residential arm of Chennai-based infrastructure and real estate development firm Marg, has announced plans to set up retail shops in Chennai and Puducherry, to disseminate project and industry related information and demonstration to prospective customers.

Marg to set up centres for customer edn, counselling

Proposing a growth of 18 per cent in tax revenue and eight per cent in non-tax over current year, revenue surplus of Rs 1348.13 crore has been estimated in the Chhattisgarh's Rs 30,725-crore budget for the financial year 2011-12 with an estimated fiscal deficit of Rs 3819.79 crore.

Raman Singh indicates 28% increase in annual plan size

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