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

Business Standard

NCR, which is planning to establish its second world headquarters in India, has chosen Hyderabad as the likely location.

NCR may set up tech centre in Hyd

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 2.05 crore to the state agriculture department as a way of grant to implement the System of Rice Intensification (SRI) technology.

Nabard sanctions Rs 2.05 cr

Federal Bank today said the two-day strike (May 19 and 20) by the officers association was unwar-ranted. Federal Bank Officers&rsquo; Association has given a call for a nation-wide strike against the dismissal of an officer who is an office bearer of the association. The bank said the officer&nbsp;was dismissed from service for the various irregularities he had committed during his tenure as a branch manager. It said it had conducted the proceedings against him in a fair, free and transparent manner.

'Officers' strike unwarranted'

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 for AP unit

Beetel Teletech, a Bharti group company and a leader in the fixed-line equipment market for years, has entered the mobile phone space late but aims to be among the top five soon.

Beating the late mover disadvantage

Quippo Oil &amp; Gas Infrastructure Limited (QOGIL), promoted by Srei Infrastructure, is planning to start oil and gas exploration at Cambay Basin in Gujarat this financial year.

Quippo expects to promote oil and gas exploration this financial year

Emami Ltd has posted a 38.5 per cent rise in its net profit to Rs 54.57 crore for the fourth quarter of the financial year 2010-11 ended on March 31, as against Rs 39.41 crore during the same period during the last fiscal.

Emami records 38.5% rise in net profit for the fourth quarter

Chief minister B S Yeddyurappa who left for the Vaishnodevi temple this morning, told reporters, &ldquo;By this evening, news regarding the approval for holding the assembly session from the Raj Bhavan should reach me. Otherwise, we will go on a state-wide tour in an open jeep to build public opinion from tomorrow.

Permit session or face protest: BJP

The Finance Ministry had decided to drop the proposal to bring interest on Provident Fund (PF) contribution under the Income Tax Act. The Union Labour Ministry had pleaded with the finance ministry in this connection.

Interest on PF contribution exempt from I-T

Bangalore-based textile company Himatsingka Seide Ltd has posted a loss of Rs 16.67 crore in the last financial year compared with a profit of Rs 11.79 crore reported during the corresponding period last year. Loss reported during FY11 is attributed to factors like rise in raw material prices along with loss in foreign exchange incurred by the company.

Himatsingka hit by high raw material costs, forex loss

Over 13,000 cases are pending from North Karnataka before the Karnataka Information Commission (KIC) and the KIC has sought the state government&rsquo;s permission to set up branches in North Karnataka to ensure the quick disposal of complaints. It is also planning to utilise videoconferencing facility at the Deputy Commissioners&rsquo; offices to conduct hearings.

State information panel seeks more branches

Punjab Deputy Chief Minister Sukhbir Singh Badal today approved seven major roads with combined capital cost of Rs 947.30 crore. He promised that these roads would be dedicated to the people within one year.

Punjab okays seven road projects

The JW Marriott hotel in Chandigarh (which is going to be opened in the next few weeks) signifies the change the hospitality sector in Chandigarh is expected to undergo this decade.

Hospitality sector in Chandigarh draws big players

After a smooth beginning to the Posco land acquisition work on Wednesday, the Jagatsinghpur district administration today faced a roadblock in the process as many villagers did not turn up for identification of betel vines following the arrest of 32 activists of United Action Committee, a pro-Posco outfit.

Posco land acquisition work faces villagers' resistance

In a bid to expedite cases of mineral concessions in Orissa, the state government plans to put in place a comprehensive database of all the mining leases as well as applicants for prospecting and mining licenses.

State to compile database of all mineral concession cases

Bystronic Laser India Private Limited, a wholly owned subsidiary of Bystronic Laser AG, Switzerland has opened a new, Demo Center in Pune. Bystronic is a leading, worldwide supplier of high quality laser cutting systems, waterjet cutting systems, press brake systems, software and material handling solutions for the processing of metal and other sheet materials.

Bystronic sets a demo center in Pune

Aggreko, supplier of of temporary power and temperature control services, has successfully commissioned a 6.6 MW gas-fuelled power package for Kaveri Gas Power Limited (KGPL). KGPL, an independent power producer (IPP), contracted Aggreko when the breakdown of an alternator at a state-owned gas turbine plant reduced the power supply to the Tamil Nadu state, increasing the risk of loadshedding and power shortages.

Aggreko commissions 6.6 Mw unit for KGPL

Shortage of feedstock is likely to pose a major challenge to the Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs). The government has already approved four PCPIRs and two are in the pipeline with a total notified area of about 2,140 square km.

Petrochem regions likely to face shortage of feedstock

Hinduja Foundries Ltd, part of Hinduja group, is planning to invest around Rs 70 crore for capacity optimisation and technology upgradation at its existing facilities, during the current fiscal. The company is also scouting for acquisition overseas, with one company in Latin America and two in Eastern Europe on its radar, according to its senior executives.

Hinduja scouting for acquisitions abroad

The Cabinet Committee on Infrastructure today approved the proposal of state-run Neyveli Lignite Corporation Ltd (NLC) to set up a 1,000 MW lignite-based new thermal power project in Cuddalore district. The project would attract an investment of over Rs 5,900 crore.

Union Cabinet nod for NLC's Cuddalore project

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