The Association of Distillers, Brewers and Vintners of India (ADBVI) and Kerala Bottlers Federation (KBF) have urged the government to increase the purchase cost  of various foreign liquors to 15 per cent.

Kerala distillers seek price hike

BS Reporter

Tata Capital Growth Fund, a private equity fund managed by Tata Capital, is planning to pick up stake in Chennai-based Star Health & Allied Insurance Company Ltd. The deal value is estimated to be around Rs 124 crore.The country's first standalone health insurance company already backed by PE majors including ICICI Venture and Sequoia Capital.While two sources directly involved in the deal confirmed that the fund has agreed to infuse the money for a minority stake, Star Health chairman-cum-managing director V Jagannathan said it was too early to comment.The sources said the fund had agreed to infuse $23 million and in the next few weeks deal will be signed.Sequoia Capital has invested around Rs 140 crore in Star Health Investments Pvt Ltd (an SPV floated to promote Star Health Insurance) for around 40 per cent, while ICICI Venture has invested Rs 130 crore for a 24 per cent stake directly. Some of the other major investors include Oman In

Tata Capital to pick up stake in Star Health

Despite his technology background as a founder partner of JP Mobile that delivered the first automated solution for two-way wireless messaging to enable quicker transactions on the floor of New York Stock Exchange, Ananth Rao's heart now lies elsewhere.

Focus Ventures shifts focus to healthcare, education

Business Standard

The plan comes in view of the growing demand in Gujarat and Madhya Pradesh

India Cements plans to up capacity at Rajasthan unit

Having now added Hanes and Wonderbra to its kitty, Arvind Lifestyle and Brands Limited (ABRL), part of the Ahmedabad-based textile conglomerate Arvind Limited has completed over half a dozen retail licence and domestic operations acquisition of international brands in various segments like women's wear, kids' wear, sports wear and inner wear. Yet, J Suresh, managing director and CEO of the company believes it has a long way to go. The company's focus is now to maintain its well-rounded portfolio of international brands, says Suresh in an interview with Vinay Umarji, Excerpts:The group CMD Sanjay Lalbhai once said that Arvind is moving from being export-focused B2B company to domestic-focused B2C company.  With such back-to-back acquisitions of Indian operations of various international brands in recent times, has Arvind already made that transition successfully?It is difficult to say so. There has been a substantial change in our position. However

We are now fairly well represented across segments: J Suresh

Agriculture Minister Sharad Pawar on Friday said there is a need to have a single milk brand to improve marketing of milk and its products in the Maharashtra, on the lines of Gujarat's Amul.

Sharad Pawar suggests 'Amul model' for Maha

Press Trust of India

At a meeting with the union finance minister, P Chidambaram, states asked for more clarity on the issues pertaining to rollout of goods and service tax (GST).

'Gujarat want clarity on GST impact on income'

Directs Narendra Modi govt to implement the scheme across Gujarat state

Pre-matric scholarship for minority students constitutional: Gujarat HC

Tata Group's chemical arm aims 50 per cent revenues from smaller portfolios

Tata Chemicals to increase focus on specialty, consumer product

Looking To Secure An Advantage

Building An Economy Model

Express Highway

Why Lean Isnt Mean

The Uttar Pradesh unit of the Bharatiya Janata Party (BJP) is likely to be up for a leadership change on December 25, when the central party office-bearers meet. The BJP is concerned about toning up

BJP likely to replace Katiyar

It is perhaps his risk-taking nature, sometimes bordering on recklessness, that lands him in trouble. Just when Sanjay Chandra, managing director of Unitech, was getting back to doing what he knows best â€” real estate â€” heâ€™s hit the headlines again, and for all the wrong reasons. Chandra, 40, has denied any links with the taped conversation with CBI prosecutor AK Singh on the agency's trial strategy, but if the allegations of collusion between the two are true, repercussions could be serious.The investigative agency may seek cancellation of his bail that he had secured after seven months in custody in 2011 for his alleged role in the 2G spectrum scam when A Raja was the telecom minister.The alleged hobnobbing with the prosecutor is reminiscent of Chandraâ€™s networking with Raja and his men, both in the environment ministry and the department of telecom . CBI says Chandra would often meet Raja, the prime accused in the 2G case, when he was the environment m

Newsmaker: Sanjay Chandra

Huge investments made to boost production and distribution capacity are helping them buck the trend

Soft drinks defy gloom to grow

Justice (retd) Y Bhaskar Rao was on Thursday sworn in as the Lokayukta, a post which had been lying vacant since September 2011.The 75-year-old Rao, who had served as the Chief Justice of High Court, was administered the oath of office by Governor in a ceremonial function at the Raj Bhavan. Rao succeeds Justice (retd) Shivaraj V Patil who resigned from the post of Lokayukta in September 2011 following an allegation about illegal possession of a government site.The post of Lokayukta had been lying vacant since then. Rao had also served as a member of the National Human Rights Commission. The retired judge refused to comment on a reporterâ€™s query about allegations of irregularities levelled against him recently by Advocates Association of Bangalore (AAB).To a question if he would expedite cases and had a roadmap before him, Rao said â€œyouâ€™ll see in course of timeâ€. On whether he would make his assets public, he shot back â€œeverything will be pu

Y Bhaskar Rao sworn in as new Lokayukta

State Bank of India (SBI) on Thursday said it has opened five e-corners in West Bengal.

SBI opens five e-corners in West Bengal

The prospect of green fuel distribution in West Bengal is dwindling as grid building for distribution of natural gas has gone for a toss owing to inadequate gas production in KG basin and necessary license from the regulator is still due.

Bengal's green fuel terminal goes for a toss

The North Eastern state of Tripura on Thursday went for polls to elect representatives for the 60-member state legislative assembly. As per preliminary reports, the state witnessed more than 85 per cent of polling till 4 pm (the stipulated deadline for polling to end), however, till the filing of this report, polling was continuing at many polling booths due to malfunctioning of electronic voting machines earlier in the day and delays caused due to slow functioning of polling officials.There had been no untoward incident during polling hours and the polling was by and large peaceful. People were seen queuing up at polling booths from 7 in the morning, with turnout swelling around noon.Though political pundits predict a clean sweep by the Left Front, the emergence of Congressâ€™ vice-president Rahul Gandhi in the scenario heated up the poll atmosphere, giving it a semblance of a two-way fight. If â€˜developmentâ€™ is the poll mantra for the Left Front, itâ€™s â€˜parivartan

Around  90% polling in Tripura

To give a fillip to exports, especially in the MSME (micro, small and medium enterprises) sector, the Odisha government has drafted an export policy that is in the process of finalisation.â€œTo boost export, Odisha State Export Policy has been drafted and is in the process of finalisation.

Odisha giving final touches to export policy

- Find Specials News, Features, Analysis and more at Business Standard. Business Standard brings in-depth coverage of major events, issues and developments in India

Page 2889 - Specials News