Mangalore headquartered private sector lender, Karnataka Bank has registered a 22.56 per cent rise in its net profit to Rs 90.82 crore in the fourth quarter of FY 11 as against Rs 74.10 crore same period last year. Total income of the bank rose by 22.74 per cent to Rs 745.41 crore as compared with Rs 607.29 crore reported earlier. Operating profit, however, declined by 1.61 per cent to Rs 91.34 crore during Q4 as compared with Rs 92.84 crore reported in the corresponding period last year.

Karnataka Bank Q4 net up 22.5% to Rs 91 cr

Business Standard

In a cabinet decision, the Uttarakhand government today decided to give 10 kg each of wheat and rice per month to above poverty line (APL) families in the state at Rs 4 and Rs 6 per kg, respectively, from next month.

Uttarakhand APL families to get 20 kg of foodgrains for Rs 10

The Bharatiya Janata Party (BJP) yesterday alleged land scam worth Rs 100,000 crore in Noida and Greater Noida by the incumbent Mayawati government in Uttar Pradesh.

BJP alleges Rs 1-lakh-cr land scam in Noida, Greater Noida

Karnataka chief minister B S Yeddyurappa today said that he would not utter a single word against the governor H R Bhardwaj. Instead, he would leave it to the Bharatiya Janata Party (BJP) to carry on the party&rsquo;s campaign for recall of the governor.

Yeddyurappa not to speak against governor

Karnataka High Court today posted to May 30 hearing of interim application praying for vacating the stay on criminal proceedings against Chief Minister B S Yeddyurappa and his family members in a corruption case.

HC postpones case against CM

Press Trust of India

Karnataka High Court today declined to stay its order that the entire property of Bangalore's International Society for Krishna Consciousness belonged to ISKCON, Mumbai.

No reprieve to ISKCON

The state Cabinet today approved a slew of proposals and decisions loaded with welfare and development measures in a bid to reassert itself in the aftermath of the Kadapa byelections.

AP govt goes all out to restore welfare image

With cotton yarn prices declining steeply than raw cotton, around 3,700 spinning mills in the country have decided to bring down production by 32 per cent from today.

Cotton mills to slash production

Indian Oil Corporation (IOC) would invest around Rs 14,000 crore during the current fiscal and would soon look for a partner for its Rs 10,000 crore LNG Terminal project near Chennai.

IOC to look for partner for LNG terminal

Jindal Steel &amp; Power Ltd (JSPL), which is setting up a six million tonne per annum (mtpa) greenfield steel plant at Angul, expects its plate mill to be operational by August this year.

JSPL&#39;s plate mill to be operational by August

The land acquisition for the 12 million tonne Posco steel plant in Orissa has picked up pace with United Action Committee, a pro Posco outfit active at the project site near Paradip, extending its support to the process.

Posco land acquisition picks up pace

The Central Bureau of Investigation (CBI) has commenced probe into alleged irregularities in the implementation of labour intensive Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) in Orissa from Tuesday.

CBI starts probe into MGNREGS scam

The Tobacco Board had requested the traders to increase the price by Rs 15 as farmers were incurring heavy losses. The board met the representatives of the Indian Tobacco Association (ITA) and urged them to buy the product at Rs 120 a kg.

Board urges traders to up tobacco price

Bangalore International Airport Limited, the operator of the Bengaluru International Airport has said that the expansion of the passenger terminal building will commence during June 2011. The terminal, when completed, will double the existing terminal area of 70,000 square metre.

BIAL to expand terminal soon

Coal Minister Sriprakash Jaiswal has said that the government is not entirely in favour of Coal India Ltd (CIL) importing coal from abroad and if at all necessary, lower price and good quality would be major parameters for it.

Ministry not keen on CIL coal import

Sugarcane crushing in Gujarat is pegged at around 12.6 million tonne this year, up by nearly one million tonne from the last year, industry sources informed. However, the recovery from the sugarcane is believed to remain lower this year over last year, mainly on account of the poor quality of cane and longer duration of the crushing season.

Cane crushing in Gujarat to rise by 1mn tonne this year

Jnaneswar Sen, the soft-spoken senior vice-president (sales and marketing) in Honda&rsquo;s car venture in India, is a worried man. The rapid dieselisation seen in the passenger car industry in the last one year is the prime cause of his concern.

City's reluctance to change gears felled it from top

The brass parts industry in Jamnagar is reeling under an uncertain pricing situation. The industry has witnessed steep rise in prices of brass scrap, which has risen from Rs 250 per kg to Rs 300 per kg in past five months.

Volatile raw material prices hit brass parts industry

The Integrated Professional Studies Centre (IPSC) will set up five new professional studies centers in Ahmedabad that will provide coaching for CPT, IPCC and CS courses in the initial phase.

IPSC to open 5 professional study centers in Ahmedabad

City-based outsourced software product development services company Persistent Systems today announced that it has been recognised as one of the leading service providers in two key &lsquo;Zinnov Zones&rsquo; &ndash; cloud computing and software by Zinnov Management Consulting, a leading globalisation advisory firm. Zinnov recently released their Global R&amp;D Service Provider Ratings (GRSPR) for the year 2010-2011 based on a comprehensive study and analysis of&nbsp;global R&amp;D service providers&nbsp;across geographies like India, China, Russia and Eastern Europe.

Persistent gets recognition from Zinnov Consulting

Bosch Electrical Drives India Pvt Ltd., a joint venture between Bosch and Igarashi Motors India Pvt Ltd, has announced the setting up of a plant in Chennai to produce Wiper systems, engine cooling fan modules, HVAC blowers and window lift drives products.

Bosch plans new plant in South

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