Sunday approved the draft ordinance for regularization of constructions of commercial and residential multi-storied apartments that had built in deviation of building plans without sanction from civic bodies by imposing medium and hefty fines, depending on the category of existing construction.

Jharkhand brings ordinance for regularisation of illegal commercial apartments

Business Standard

Mangalore-headquartered public sector lender, Corporation Bank has opened a new micro-finance branch in Hyderabad in its bid to increase financial inclusion initiative of the bank.

Corporation Bank opens microfinance branch

Ruling Bharatiya Janata Party (BJP) had received a jolt when its senior Member of Parliament (BJP) came out against the government opposing industrialization in the tribal predominated Jashpur region.

BJP MP critical of party`s industrialisation stand

The State Pollution Control Board (SPCB) on Tuesday presented the 'Environment Action Plan' for the critically polluted Jharsuguda-Ib valley cluster to Chief Minister Naveen Patnaik.

Environment Action Plan for Jharsuguda-Ib valley cluster

The first ever ministerial reshuffle effected by Naveen Patnaik in his third term as chief minister has witnessed induction of five new faces in the State Cabinet.

Five new Cabinet ministers in Naveen govt

East Coast Railway (ECoR) net income rose to Rs 8,851.50 crores in 2010-11, up 26 per cent from previous year, supported by infrastructure development at various stations that facilitated higher traffic movement.

East coast railway revenue soars 26% in FY-11

Even as Environmental Appraisal Committee (EAC) constituted by the Ministry of Environment and Forests (MoEF) placed a report before the Supreme Court on Tuesday recommending relocation of Nirma Ltd's cement plant at Mahuva, agitating farmers in the region have welcomed the report of the expert body.

Mahuva hails MoEF report on Nirma`s cement plant

The Orissa Premier League (OPL), a state-level Twenty20 cricket format created in line with Indian Premier League, has raked in Rs 3.7 crore for the Orissa Cricket Association (OCA) following the auction of 10 teams for the event.

Brand OPL is worth Rs  3.7 cr now

India's groundnut exports during the current year is likely to touch around 4 lakh tonnes, up from 3.4 lakh tonne in 2009-10 season, on the back of growing international demand that is supported by the crop failure in China. Groundnut year is calculated on the basis of the crop season, which lasts between November to September.

Groundnut exports may touch 4 lakh tonnes

Based on EOI submission and subsequent technical presentations, Anil Group of Companies received approval from Ministry of Food Processing Industries, Government of India to set-up Mega Food Park (MFP) project in Gujarat. Anil Group will form a special purpose vehicle (SPV) for the project.

Anil Group gets nod for mega food park

Bengal Aerotropolis Projects (BAPL) has initiated talks with SpiceJet and Indigo for starting operation at its proposed airport at Andal in the industrial belt of Asansol-Durgapur region of West Bengal, which is expected to be operational by July next year.

BAPL in talks with Indigo and Spicejet

Chinese automotive accessories company Coagent Electronic S&amp;T Co Ltd today said it is holding talks with auto majors for supply of car infotainment products for a greater share of the estimated Rs 100 crore market. &quot;We are already in the process of tying up with companies like General Motors and Hyundai for approving our Reddrive Smart series products and developing products according to car manufacturers,&quot; Coagent Indian agent, Auto Trendz business Head Vinay Daga said.

Chinese Coagent in talks with auto majors in India

The last leg of the six-phase assembly election in West Bengal went off peacefully on Tuesday in 14 Naxal-hit constituencies of Purulia, Bankura and West Medinipur districts with overall voter turnout of about 84.8 per cent.

Polls end in Bengal, 83.48% votes cast votes in final phase

The Karnataka government has rejected the proposal of the distilleries in the state to use foodgrains to manufacture liquor. Instead, their proposal to use beetroot-based molasses to produce liquor has been approved.

State to allow use of sweet beet molasses for distilleries

The Raipur Municipal Corporation (RMC) will enforce a complete ban on plastic bags having thickness below 40 microns. The ban will be in place from 15 May.

Raipur Municipal Corporation to enforce ban on plastic bags

A petition was today filed in Karnataka High Court seeking vacation of a stay on criminal proceedings against Chief Minister B S Yeddyurappa and his family in a corruption case. The plea was filed by advocate Sirajin Basha. The apex court on April 29 had refused to quash a Karnataka HC order which had stayed criminal proceedings against the chief minister and his family.

Plea filed in high court seeking vacation of stay

Press Trust of India

The Karnataka government has decided to procure through e-tendering tur dal for mid-day meal scheme in schools. In fact, e-auction process is already over in 12 districts. Plan is to procure 6,000 tonnes to 8,000 tonnes in the first phase.

State to use e-tendering to procure tur dal

Educomp Solutions Ltd would invest Rs 150 crore in Great Lakes Institute of Management, a management institute based in Chennai.

Educomp to invest Rs 150 cr in Great Lakes institute

FitnessOne, a fitness services and equipments provider, would invest Rs 30 crore to expand fitness centres and fitness equipment stores, branded as Propel, in the next two years. The company has announced a tie-up with Shriram Finance to provide EMI option for their propel fitness equipments.

FitnessOne to invest Rs 30 cr to expand Propel chain

The Karnataka Vikas Grameena Bank (KVGB) has registered a 50.5 per cent rise in its net profit at Rs 95.17 crore it recorded during fiscal 2010-2011 compared to the previous year. Its total business went up 20 per cent to Rs 9,047 crore over the previous year.

KVGB registers net profit of  Rs 95.17cr

IVRCL Assets and Holdings Limited, a subsidiary of Hyderabad-based IVRCL Infrastructures and Projects Limited, on Tuesday said that nine banks and Indian Infrastructure Finance Company Limited (IIFCL) had given financial commitment to the recently-awarded Sion-Panvel project. The debt facility has been oversubscribed by 1.53 times. The project has been appraised by IDFC &amp; SBI Caps.

9 banks to fund IVRCL Assets Rs 1,706-cr project

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