Ahmedabad-based Cera Sanitaryware Limited has posted a 27.94 per cent rise in its net profit at Rs 6.09 crore for the second quarter ended September 30 of the financial year 2010-11, up from Rs 4.76 crore for the corresponding period last year.The company, which is into manufacturing sanitaryware, also saw a 20.85 per cent increase in its net sales at Rs 56.85 crore for the second quarter of current fiscal.

Cera Sanitaryware Q2 net up by 28%

Business Standard

The Mahindra &amp; Mahindra (M&amp;M) Group is evincing interest in setting up a major aerospace project in Andhra Pradesh envisaging an investment of around Rs 300 crore, according to chief minister K Rosaiah.

AP may land M&M's Rs 300-cr aerospace unit

The PCB notification, issued in the wake of an earlier Supreme Court directive to some coir exporters and small scale producers to adhere to the PCB norms within a specified time limit, comes as a great relief to the industry.

PCB terms coir sludge non-hazardous

Bharat Sanchar Nigam Limited (BSNL) has entered into a strategic alliance with Datacraft Asia Limited to provide data centre services in India. The agreement will see Datacraft build, operate and manage six strategic data centres across the country for BSNL. The two firms will jointly sell the managed, hosted and cloud 'IT as a Service' from these facilities under the brand &ldquo;onecloud&rdquo;, a press release said.

BSNL partners Datacraft for cloud services

Shri Kailash Logistics Limited (SKLL), the logistics vertical of the Kochi-based Sree Kailash group plans to set up a chain of logistics parks across the country by 2014. The first of these the Logicity is coming up at Oragadam on the outskirts of Chennai and will be functional by March 2011, according to S Rajkumar, vice chairman of the group.

Q&A: S Rajkumar, Chairman, Shri Kailash Logistics Limited

The Orissa government will raise the demand for the incorporation of a clause for value addition of minerals within the state in the proposed amendment to the Mines and Minerals (Development and Regulation) Act, 1957. The new MMDR Bill-2010 is likely to be tabled in the winter session of the Parliament.

Naveen to pitch for value addition clause in MMDR Bill

The Orissa government has disbursed Rs 1800 crore agricultural loans through the cooperative sector in this year's kharif season and has set a target of Rs 1300 crore for the rabi season.

Rs 1,300-crore cooperative loan target for rabi season

Nalco achieved higher net profit of Rs 224.04 crore as against Rs 159.50 crore in similar quarter of previous fiscal. Similarly, the sales turnover surged by about 30 per cent to Rs 1548.75 crore over the comparative quarter of last year.

Nalco net profit up 40% at Rs 224 crore

Close on the heels of the Orissa Cabinet giving its nod to give Grid Corporation of Orissa (Gridco) a financial guarantee of Rs 1000 crore, the Orissa State Cooperative Bank (OSCB) has offered to provide the loan amount to the corporation.

OSCB offers Rs 1,000-cr loan to Gridco

With some information technology projects in West Bengal being cancelled or delayed a small development in Siliguri, a tier-III city, will be a cause for celebration as the IT incubation centre is set to be inaugurated next month.

Siliguri set to get IT incubation centre this month

North Bengal is turning out to be a difficult place to land for Deccan Charters.

Deccan Charters finds North Bengal a difficult place to land

Futures trading of Tur may restart this year, subject to a good crop production.

Futures trading of Tur may restart this year

IIM Kozhikode (IIMK) has signed a memorandum of understanding (MoU) with Yale University to launch the Yale India Leadership program. This agreement will facilitate setting up a Centre of Excellence in Academic Leadership (CEAL) at the IIMK campus.

IIMK, Yale in tie-up for leadership programme

Andhra Pradesh would soon become an energy- surplus state, chief minister K Rosaiah, said while inaugurating a property show organised by the AP Real Estate Developers Association and the National Real Estate Development Council, in association with GRIHA and Union Ministry of New and Renewable Energy.

AP to have surplus power

Seeing agri-business enterprises as a way out of subsistence farming, InfoDev, a programme of the World Bank, and Icrisat (International Crops Research Institute for Semi-Arid Tropics) have come together to create a framework agri-business incubation (support) system, and agreed on the Agribusiness Community of Practice with four elements here.

Agri-biz incubation key to improve farm incomes

CEO of Infosys Technologies S Gopalakrishnan, noted conservation zoologist and tiger expert Ullas Karanth and Commonwealth Games medal winners bagged this year's Karnataka Rajyotsava awards announced today.

Infy CEO gets Rajyotsava award

Press Trust of India

Steel giants from both India and abroad that lined up to sign memoranda of understanding (MoUs) at the global investors&rsquo; meet (GIM) in Bangalore on June 3 and June 4 this year are now making a beeline to make the initial deposit towards land acquisition.

Potential investors queue up for land

Karnataka Chief Minister B S Yeddyurappa is likely to expand his ministry on November 3 to fill up four of the six vacant ministerial berths, party sources said today.

CM set to expand ministry

The National Bank for Agriculture and Rural Development (Nabard) has estimated the potential for credit deployment in the state to the tune of Rs 37,000 crore during 2010-11.
Speaking after inaugurating the 1,001 Joint Liability Group (JLG) and 75th Farmers&rsquo; Club launched by the Karnataka Vikas Grameen Bank (KVGB) at the Kuradikeri Village near here, Nabard chief general manager Venkatesh Tagat said Rs 17,250 crore had been earmarked for the crop loans and Rs 6,674 crore for term credit

Nabard sees credit potential at Rs 37,000 cr

The ruling Bharatiya Janata Party (BJP) in Karnataka has alleged that a firm owned by a relative of External Affairs Minister S M Krishna footed the Chennai hotel bills of the 16 disqualified MLAs who had revolted against the B S Yeddyurappa government.

'Cafe Coffee Day funded rebels' Chennai trip'

The Uttar Pradesh government has demanded urgent settlement by the Centre of its Rs 2,527-crore claim for sales tax losses it had incurred in the last three years.

UP demands Centre to settle tax losses

- 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 3138 - Specials News