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

BS Reporter

Odisha aims for 9% growth

GVK Power & Infrastructure Limited (GVKPILâ€™s) reported nearly 300 per cent rise in consolidated net loss for the quarter ended December 2012 to Rs 57 crore as against a net loss of Rs 14.50 crore in the corresponding quarter of the previous year.  It registered an income from operations of Rs 648.68 as against Rs 744.55 crore in the same period. The company attributed the loss during the quarter mainly to the restricted supply of gas for the power projects as a result of which the plants did not operate at full capacity, interest cost and write-off of receivables.

GVKPIL net loss deepens to Rs 57 cr

Swarnamugi Karthik, daughter of BG Raghupathy, promoter of BGR Energy Systems Ltd, has been inducted as whole-time director in the company. She has been appointed as director - corporate strategy by the board with immediate effect. Thirty-one year old Swarnamugi's role would be to formulate strategies to achieve corporate goals and identify new business opportunities. She is an engineering graduate from Madras University and holds a postgraduate qualification in Embedded Systems. She joined the company in 2005 as executive assistant to the president.

BG Raghupathy's daughter joins BGR Energy board

The Chennai-based SRM Group is launching a pharmaceutical company to manufacture and market herbal drugs. The company has received US Patent related to a herbal formulation for treatment of Type â€“ II diabetes.According to M Ponnavaiko, vice chancellor of SRM University, the company has so far invested around Rs 50 crore in setting up a research and development (R&D) centre for translational research, from basic research, with around 25 scientists working on various projects.â€œWe have registered a company in the name of SRM Pharma Industries and our focus would be on manufacturing and marketing herbal pharmaceutical products developed by us in the global market,â€ he said.He added that the company was also planning to set up a manufacturing unit, which would be ready in the next six months to one year. â€œIt will be coming up on the research park adjacent to SRM University,â€ he said. Once the facility is ready, the manufacturing of all its herba

SRM group to launch pharma company

The Comptroller and Auditor General of India (CAG) has asked the government of Karnataka to take a decision on winding up 14 non-working public sector companies, including seven companies which are under liquidation.

CAG for early call on 14 dormant PSUs

Karnataka has witnessed large-scale decrease in forest area and encroachment of forest land, according to a report by the Principal Accountant General tabled in the Legislative Assembly on Thursday.

Large-scale decrease in forest area in state

Press Trust of India

State-owned firm has suffered a loss of Rs 61.54 cr due to delays in revision of premium on iron ore sold

Delay in execution of JV with JSW leaves Mysore Mineral in loss

Business Standard

The ambitious cargo hub project proposed to be set up near Nagpur has run into rough weather. 


Nagpur cargo hub project in trouble

The special purpose vehicle (SPV) for the construction of the first line of metro rail between Ghatkopar and Versova has been formed, and it will be called Mumbai Metro-I.


SPV for Mumbai metro rail project formed

Domestic software vendors are now increasingly adopting the Software-as-a-Service (SaaS) delivery model to satisfy the the highly demanding end-users, industry experts say.


Software delivery a SaaS story

Former MLC Kanhyalal Gidwani has demanded that import duty on sugar be restored to 60 per cent from the current 20 per cent, as it has caused decline in sugar prices in the domestic market.


Gidwani bats for sugar sector, seeks import duty back at 60%

Monsoon set over Mumbai with heavy rains disrupting normal life in metropolis, leaving one dead and six injured, while the meteorological department has predicted heavy-to-very-heavy rains in the

Monsoon disrupts normal life in Mumbai

Goa government has restricted ore-carrier barges and cruises ferrying tourists from venturing into the sea. 


Goa restricts barges and cruises from venturing into sea

Airtel plans to launch mobile services in new 175 towns of Gujarat by the end of June. 


Airtel covers 90% towns of 10k population

The Maharashtra deputy chief minister R R Patil today praised the alertness of police in foiling the terrorist attempt to attack the RSS headquarters at Nagpur and said, such incidents were aimed at

Patil praises police for foiling bid

MobileNXT Teleservices, a chain of one-stop stores offering the complete mobile telecom experience, entered in Gujarat with launching its store in Ahmedabad on Friday.


MobileNXT opens tele store in Ahmedabad

With the arrival of monsoon, showers following heavy winds have been reported from across the state. 


Rainfall drenches Gujarat ahead of schedule

Keeping abreast with its expansion plan in the retail section, Mukesh Ambani controlled Reliance Industries has taken over a part of the Tata Advance Mill in Dudheshwar area. 


Reliance takes over Tata Advance Mill in Dudheshwar

Cycle Agarbathies have set their sights firmly in Gujarat after the state was known to be the biggest market for high priced premium incense sticks in the entire country. 


Cycle Agarbathies finds huge market in Gujarat

Reliance Retail Ltd, the wholly owned retail arm of Mukesh Ambani's Reliance Industries, would create hi-tech 'mandis' in rural Bengal as a part of its retail business in the state. 


Reliance eyes `mandis` in Bengal

- 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 2890 - Specials News