Betting big on Tier II and Tier III cities, FDI funded Real Estate player - Alpha G:Corp Development Private Ltd has plans to develop commercial, residential and mixed-use development projects in North India over the next 5 years. The total project cost for these projects in these cities would be about Rs 3500 crore. The project would be partly funded by the company, land owner under the Real Asset Management (REAM) model of the company.

Real estate player Alpha G eyeing Tier-II and Tier-III cities

Business Standard

After triggering a major controversy recommending President&rsquo;s Rule, Governor H R Bhardwaj today said the BJP government in Karnataka enjoyed a massive majority but Chief Minister B S Yeddyurappa still gunned for his removal.

CM has massive majority I will not resign: Governor

Press Trust of India

Bangalore-headquartered health care equipment company, Opto Circuits has registered a 68 per cent rise in its net profit to Rs 111 crore in the fourth quarter of last financial year as compared with Rs 66.11 crore reported in the corresponding period last year.

Medical equipment maker Opto Circuits' Q4 net up 68 pc

Many a major steel mill in Karnataka are facing closure due to a severe shortage of iron ore, threatening the very livelihood of thousands of families.

Iron ore shortage hits steel mills

Ambuja Cements Limited, part of the Holcim Group, has sought more time from the state government for executing its proposed greenfield cement plant at Nadikudi in Guntur district.

Ambuja Cements seeks more time 

According to the latest RICS India Commercial Property Survey, despite the rising interest rates and inflation continuing to rem-ain relatively high, the mar-ket has shown considerable resilience. Over the last quarters, there had been an increase in demand from tenants, albeit at a slower rate than in the previous quarter. This is most pronounced in the office sector, altho-ugh given the extensive supply pipeline within the sec-tor; there might be a const-raint on further rental value growth.

Rentals in India prove resilient

The protest rally organized today by Posco Pratirodh Sangram Samiti (PPSS) at Balitutha, the entry point to the Posco project site near Paradip evoked a rather lacklustre response.

PPSS rally at Posco site evokes lukewarm response

The Orissa government which is entangled in a pitched battle with the Kolkata Port Trust (KoPT) over the unilateral extension of the port's limits, is pulling all stops to protect the state's interests and ensure that the minor ports coming up along the state's coastline are not threatened.

Orissa to consult minor port developers ahead of Central meet

French retail major Carrefour, the second-largest in the world in terms of revenue (euro 90 billion) after Walmart, is going slow in India, even as its rivals are chalking out bold expansion plans in the country.

Standing at the crossroads

iON, an integrated information technology solution for small and medium businesses (SMBs), by Tata Consultancy Services (TCS) is planning to have 1,000 clients in India by the end of this year and expects about 20-30 per cent of them to come from Eastern part of the country.

TCS launches iON in West Bengal

State's deposits rise 20.76 per cent to Rs 2,72,076 crore.

Agriculture advances rise 25% in Gujarat: SLBC

Tarun Gogoi was today sworn-in as the chief minister of Assam for the third consecutive term by Governor JB Patnaik at a function held at the Raj Bhavan.&nbsp; Gogoi was yesterday unanimously chosen as the leader of Congress legislature party in the presence of Union finance minister Pranab Mukherjee, thus paving the way for him to claim the coveted post.

Gogoi sworn in as the CM for the third consecutive term

City based VisionIndia Software Exports Limited, a company engaged in varied e-governance projects now introducing an ICT led initiative to fight female foeticide, where it will not only enable authorities to monitor the use of sonography machines but would also provide them with analytical reports for further action. This was announced by Sunil Umrani, managing director, VisionIndia Software Exports (VISEL) Limited today.

VisionIndia devolops technology to fight female foeticide

Star Union Dai-ichi (SUD) Life Insurance Co Ltd, a joint venture of public sector Bank of India and Union Bank of India and Japanese insurance firm Dai-ichi Life Insurance Company, is looking at expanding its presence in south India by opening area offices for back-end support to its customers.

SUD Life looks to expand in south india

Final touches are being given to the preparations for the swearing-in of West Bengal's first woman chief minister Mamata Banerjee at the Raj Bhavan here today.

Mamata to be sworn in today

The outgoing finance minister of West Bengal, Asim Dasgupta today claimed that the debt position of the state was better than other states and put the blame on the Centre for the economic ills which allegedly has been denying coal royalty amounting to about Rs 5,000 crore to the state.

Asim Dasgupta slams centre for denying coal royalty to state

Trinamool Congress supremo Mamata Banerjee, set to take over as West Bengal Chief Minister tomorrow, resigned as Railway Minister today.

Mamata resigns as Railway Minister

The Tamil Nadu government has decided to hold tripartite discussions with representatives of the industry and the farming community in Tirupur to resolve the issues related to Tirupur dyeing industry.

TN govt to hold tripartite talks on Tirupur

In an interesting development, high-value commercial space on M G Road of Bangalore has changed hands as the place was leased out to Cafe Coffee Day recently. According to industry sources familiar with the development, this space is near the Barton Centre building and was recently vacated by Spencer's Retail.

Cafe Coffee Day takes prime commercial space on lease on M G Road

With currency fluctuations, growing demand for apparels within the country and gradual inflow of FDI, conventional garment exporters like Gokaldas Exports and Go Go International Pvt. Ltd. are increasing their exposure to domestic market.

Domestic market beckons garment exporters

The first session of 14th Tamil Nadu Legislative Assembly would begin on May 23, while the election to the posts of Speaker and deputy Speaker would be held on May 27. The Governor would address the Assembly on June 3, according to an official announcement.

Assembly session from May 23

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