The Associated Chambers of Commerce and Industry (ASSOCHAM) expects 50 to 70 investment proposals being finalized in an investor meet to be held on Friday.

ASSOCHAM expects 70 MoUs in Conclave Odisha

Business Standard

The insurance sector in India is still far from Solvency II norms, as the country does not have the requisite statistical database.

Database not enough for solvency II

Germany-based valve manufacturer Samson Controls Pvt Ltd has set up a plant at Ranjangaon in Pune.

Samson Controls sets up new plant in Pune

In a bid to assist small and medium enterprises of brass-components makers in Jamnagar, the Gujarat Technological University (GTU) and the local industry body, Jamnagar Chamber of Commerce and Industry (JCCI) have come forward to resolve challenges faced by the industry.

Jamnagar brass-parts units to get technical support from GTU

The Gujarat Food and Drugs Control Authority (FDCA) has recently cracked down on a counterfeit drug making outfit and has seized a stock of 1034 injections.

Raid on fake medicine sellers in north Guj

The Reserve Bank of India (RBI) has cancelled the licence of Pune-based Siddharth Sahakari Bank Ltd as it had ceased to be solvent and all efforts to revive it had failed. The apex bank had also requested the registrar of co-operative societies, Maharashtra to issue an order for winding up the bank and appoint a liquidator for the bank.

Siddharth Sahakari Bank's licence cancelled 

On its way to make commuting paperless, Ahmedabad Janmarg Limited (AJL) that runs the city Bus Rapid Transport System (BRTS) has roped in an IT solutions player for introducing smart card in ticketing. The new smart card ticketing system will be launched in August 2011 through GMV Vayamtech, a joint venture company of Spain-based GMV and Delhi-based Vayamtech, which recently won the bid.

Ahmedabad BRTS moves towards smart ticketing

Bajaj Auto said it has introduced special characteristics in its spare parts in an effort to identify them apart from the counterfeit Bajaj products. A holographic strip has been made a part of every packaged part and the company also said it has detailed security measures on its website.

Bajaj  introduces hallmark on spares

Public sector and defence establishment units are lining up huge investments for Andhra, and are in the process of acquiring land with the help of state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC).

Defence units line up big plans for Andhra

Announcing this after a discussion with a&nbsp; high-level team of Dubai's Tecom today, chief minister Oommen Chandy said the agreement inked by the Left Front government would not be altered, but the project would proceed as per the central SEZ Act.

Smart City Ph I to go on stream by Oct '12

Access to microfinance by itself cannot be taken as financial inclusion, as the latter idea requires having an individual bank account which brings the account holder into the national payment system and insures her deposit, according to Usha Thorat, director, Centre for Advanced Financial Research and Learning.

'Financial inclusion is more than access to microfinance'

The Tamil Nadu government has appointed retired Madras High Court Judge S Thangaraj to probe the construction of the new Assembly-cum-secretariat complex built by the previous DMK government. The complex involved an investment of over Rs 1,100 crore and was inaugurated by the Prime Minister.

Retired HC Judge to probe new secretariat complex

LG Electronics India Private Limited (LGEIL) is targeting to corner a 42 per cent pie of the monitor market in India by the end of this year.

LG eyes 42% pie of monitor market in India

The Karnataka government today approved the fuel linkage for the 700 Mw first unit of the Bidadi combined cycle thermal power project for an investment of Rs 3,500 crore. The state-owned energy producer, Karnataka Power Corporation Ltd (KPCL), would execute the project and use liquefied natural gas (LNG) as fuel.

Karnataka to buy LNG in spot market for Bidadi project

The Karnataka government today decided to extend tax concessions to Toyota Kirloskar Motor Pvt Ltd (TKML) for setting up their second small car manufacturing plant at Bidadi, about 35 km from here. The state cabinet took a decision in this regard on Thursday.

Tax concessions to Toyota Kirloskar

Maharashtra State Cooperative Bank&rsquo;s woes are due to its attempt to appease its political masters.

When a bank becomes too cooperative

The power supply scenario would worsen in Karnataka in two years if proper action is not taken to address the issue of shortage, a leading chamber warned today, calling for drawing up an energy policy.

'Power situation to worsen in state'

Press Trust of India

Indian industry would see many opportunities with the Fukushima nuclear disaster making the whole world develop a cold feet on nuclear energy. Germany, which has now set itself a target of weaning itself off nuclear energy by 2022, instead of the initial target of 2040, believes that Indian industry could play a major role in helping Germany switch to alternate energy.

India seen helping wean Germany off N-power

Many a patient in the St Joseph&rsquo;s Hospital in Mysore will soon have to listen to some soothing music. It&rsquo;s not for their entertainment value, but for its therapeutic value. The hospital is set to start a Department of Music Therapy.

Music to play therapeutic role in Mysore hospital

To open 50 fitness clubs within a year, 300 in the next three years.

Talwalkars forays into franchise with brand &#39;Hi-Fi&#39;

Shriram Automall India Limited, a subsidiary of the Shriram Transport Finance Company (STFC), will set up 50 auto malls in the country. These auto malls are large-format sales outlets, offering transaction infrastructure for buying and selling of commercial vehicles initially and construction equipment later.

STFC to open 50 auto malls 

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