Kesar mango production in the Saurashtra and Kutch region is likely to decrease by 75 percent due to unfavourable weather conditions at the time of flowering. According to Kesar mango traders in Saurashtra region, the Kesar mango production is likely to go down from 50 lakh boxes to 12 to 15 lakh boxes (each box contains 10 kg) as weather was not good in mid February, when mango trees see flowering.

Kesar mango production likely to decrease by 75% this year

Business Standard

State Bank of Hyderabad (SBH) posted a net profit of Rs 450.35 crore for the quarter ended March, 2011, registering a growth of 75.14 per cent over a profit of Rs 257.13 crore accrued in the corresponding quarter of the previous year.

SBH Q4 net up 75 pc

India now has the resources, talent and political will to think big on issues it faces, be it in providing access to education and healthcare or in terms of a competitive economy, according to Sam Pitroda, chairperson, National Innovation Council (NIC).

India has the resources to think big: Sam Pitroda

Retailware Softech Pvt Ltd, a Pune-based software solution provider for retail industry, is planning to focus on small and medium retailers in western region of the country.

Retailware Softech to target small retailers

Oklahoma State University has agreed to provide job placements to Andhra Pradesh engineering students in US multinational Halliburton Inc's research and development (R&amp;D) centre in Pune.

US varsity assures jobs in Halliburton

To meet the demand for finished dosages from its existing contracts, Granules India Limited, a Hyderabad-based integrated formulations manufacturer, is in the process of increasing its finished dosage and pharmaceutical formulation intermediates (PFIs) manufacturing capacity in the next one year together with an investment of Rs 60 crore.

Granules charts Rs 60-cr spread

Bank of Maharashtra (BOM) today said that its total business rose to Rs 1,14,332.15-crore in fiscal 11 as compared to Rs 1,04,230.22-crore in FY 10, showing a y-o-y growth of 9.69 per cent.

BOM's business crosses Rs 1,14,000 crores in FY11

Press Trust of India

The State Bank of Mysore (SBM), an associate of the State Bank of India, is planning to raise around Rs 500 crore in the present financial year through the issuance of Tier-II bonds to support its future business growth.

SBM to raise Rs 500 cr in FY12

Mangalore-headquartered public sector lender Corporation Bank has posted a 10.6 per cent rise in its net profit to Rs 345.3 crore during the fourth quarter of last financial year.

Corp Bank Q4 net up 10.6% to Rs 345.3 cr

With registration process under the Unique Identity Card scheme (UID) &lsquo;Aadhar&rsquo; ending by June in Mysore district, district authorities have initiated steps making the quoting of UID or enrolment identification (EID) number compulsory at various levels in the state government offices in the district. This seems contrary to what the Unique Identification Authority of India or the UIDAI had said earlier that it would be optional.

'Aadhar' mandatory in  Mysore

The villagers supporting the Posco&rsquo;s proposed 12 million tonne steel plant near Paradip have welcomed the decision of the Union ministry of Environment and Forest (MoEF) giving final nod for diversion of 1,253 hectares of forest land for the project.

Pro-Posco villagers hail MoEF decision

The Orissa government has raised objections over the recommendation of the Union ministry of environment &amp; forests (MoEF) to discourage iron ore exports by Posco from the state.

Orissa objects to MoEF missive on iron ore export by Posco

While Gujarat is fast emerging as a market for luxury cars, farmers in the state as well as people with landbanks are increasingly taking to luxury cars. &quot;They are cash-rich and are opting for premium cars as a status statement&quot;, said Paras Somani, executive director, Benchmark Cars, the Mercedes dealer in Ahmedabad. Somani's dealership has seen the number of farmers buying Mercedes as a percentage of net sales go up from two to three per cent around four years back to around 10 per cent now. His dealership sells around 50-55 cars per month. &quot;Around 60-70 per cent of customers go for financing options, but, farmers usually prefer to purchase outright&quot;, Somani says.

Farmers' new mantra: Got cash, get car!

Ahmedabad ranked third in an Assocham survey that captured the dip in household savings thanks to inflation.

Ahmedabad ranks 3rd in dip in household savings: survey

The State Level Single Window Clearance Authority (SLSWCA) on Monday cleared two projects in the energy sector involving a total investment of Rs 1,045 crore.

Single window nod to projects worth Rs 1,045 cr

Concerned about the danger posed to the environment by highly polluting industries in sectors like steel and power, the Union ministry of environment &amp; forests (MoEF) plans to insist on having cumulative environment impact assessment (EIA) studies of all the projects taken together.

MoEF bats for cumulative environment assessment of projects

US based leading software and technology services company SunGard has developed a new global technology solution centre in Pune.

SunGard Opens Global Solution Center in Pune

Manufacturing industries in Harayana are facing a severe shortage of skilled manpower. Revival of economy after the global financial meltdown has generated plethora of opporunities for the SMEs (small and medium enterprises) in the region but the entreprenuers are struggling for the right manpower.

Manpower scarcity mars Haryana SME sector

Arm dealers dealing in illegal weapons in Punjab would have a tough time in the days to come as the state police is going to increase its surveillance after busting an interstate gang.

Dealers of illegal weapons to find it tough in Punjab

The entire Jharkhand observed bandh today in protest against the ongoing anti-encroachment drive launched by the district administration in various parts of the state.

Jharkhand observed bandh against anti-encroachment operation

A Dehradun court today dismissed a complaint against Uttarakhand Chief Minister Ramesh Pokhriyal Nishank, related to the alleged irregularities during the Maha Kumbh mela last year in Haridwar.

Court dismisses complaint against CM

- 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 3108 - Specials News