VenSat Tech Services, a media and entertainment startup offering animation, visual effects (VFX) and 2D-to-3D conversion, has tied up with Bangalore-based venture capital firm Indo-US Venture Partners for $10 million (Rs 222 crore) funding, to be invested over the next six months in its operations in the United States.

VenSat gets $10 mn funding from Bangalore firm

Business Standard

The heavy rains that lashed the coastal districts of Andhra Pradesh in the past few days have damaged agricultural and horticultural crops to an extent of over 277,000 hectares (ha) besides taking the lives of 20 people.

Heavy rains damage crops in AP

The going is set to become tougher for the companies who have proposed to set up steel plants and thermal power projects. Some of the major investment proposals in Orissa the steel and power sector which are already bogged down by delay for various reasons are poised to face further delay with the Union ministry of environment and forests (MoEF) insisting on environmental and forest clearance for the coal supply sources of these projects before giving the green signal for such projects.

New environment norm to delay steel and power projects

Keeping in line with the order of the Union Ministry of Environment and Forest (MoEF), Vedanta Aluminium Ltd (VAL) has provided Rs OSPCB10 crore bank guarantee to the Orissa State Pollution Control Board (OSPCB) as a safeguard against implementation of environmental protection measures at its alumina refinery site at Lanjigarh in Kalahandi district.

Vedanta gives Rs 10 crore bank guarantee to state pollution board

Key members of Chairperson Kiran Mazumdar Shaw&rsquo;s team say the agreement marks a moment of inflexion for the firm.

The alchemists of Biocon's golden deal with Pfizer

Bank of Baroda opened its 34th Urban Retail Loan Factory in Orissa at Cuttack Road in Bhubaneswar recently. It was inaugurated by Nandan Srivastava, General Manager (Retail Banking &amp; Official Language) Corporate Office, Mumbai. Here dedicated specialist officers will provide retail loans in quick time i.e housing loans in 6 days and car loans in 48 hours. Under the scheme, bank staff will collect the applications &amp; required documents from customer door step of the customers.

BoB opens Urban loan factory

In a debatable decision, the Madhya Pradesh government today allowed private power companies to mortgage land allotted to them for the specific purpose of raising loans.

Pvt power firms in mp can mortgage allotted lands

Gitanjali Group, a leading group in branded jewellery segment, aims at Rs 200-crore business during the one month long festival period starting October 5 and culminating with Dhanteras and Diwali this week.

Gitanjali Group targets Rs 200 crore business during festival period

Presidency College, a city based B-school, has signed a Memorandum of Understanding (MoU) with Mumbai based IDBI Bank to train its students in management.

Berhampur B-school ties up with IDBI bank for training

Hyderabad Metro Rail Limited will appoint an independent engineer by December 14 from the six prequalifiied consortia, according to its managing director NVS Reddy.

Independent engineer for Hyderabad metro by Dec 14

Timely expenditure of funds, both Central and state, continues to be a cause of concern for the Orissa government. Thirteen out of 38 departments of the state government have not been able to achieve even 10 per cent of the Plan expenditure by the end of September this year.

Plan expenditure of 13 departments less than 10 per cent in April-September

With three decades of war with the Liberation Tigers of Tamil Eelam (LTTE) behind it, Sri Lanka is now in a new phase and has joined the ranks of middle-income countries in the IMF list. Sri Lanka's minister for Industry and Commerce Rishad Bathiudeen spoke to T E Narasimhan in Chennai on the government's proposed measures to attract investments into the country.

Q&A: Rishad Bathiudeen, LTTE

Haneda Airport, Tokyo&rsquo;s new international airport, has switched over to iCargo, the Thiruvanantha-puram-based IBS&rsquo; cargo management solution to manage its groundhandling operations. IBS Software implemented its new iCargo JTO (Japan Terminal Operations) which has been adapted to meet the business and customs requirements of Japan.

IBS cargo mgmt solution for Haneda airport

Pegasystems India, the Indian headquarters and R&amp;D centre of Cambridge-based Pegasystems Inc, a provider of business process management and customer relationship management solutions, is planning to invest $200 million (Rs 887.6 crore) over next three years as part of its expansion plan in the country.

Pegasystems to invest $200 mn

The Ruia Group, led by Pawan Kumar Ruia, is close to sealing a deal with a foreign player for its proposed joint venture plant to manufacture radial tyres under the Dulop brand.

Ruia to enter into joint venture for radial tyres

Corrugated box manufacturers in the country are modernising their units so as to meet the growing demand and also to withstand the increasing competition and cost pressures.

Corrugated box industry on modernisation drive

A recent notification from the department of telecommunications (DoT) has sent mobile service providers in the North-East into a tizzy.

NE service providers critical of DoT notification

Chhattisgarh this year is expecting a bumper yeirld of crops, following this year's good monsoon. This has brought a boom in the Diwali business that started today with Dhanteras.

Bumper crop expectaions to light up Dhanteras sales in Chhattisgarh

Sa-Dhan, the largest association of microfinance practitioners, adopted a code of conduct for self regulation.

MFI body Sa-Dhan adopts code of conduct

Karnataka plans to expand the Peenya Industrial Estate on the outskirts of Bangalore to accommodate new industrial units. The government plans to develop the area as the Greater Peenya industrial estate, a senior government official said.

State mulls greater Peenya Industrial Estate

Kemrock Industries and Exports Ltd, a Vadodara headquartered manufacturer of reinforced polymer composites, has formed a joint venture with a Switzerland-based DSM Composite Resins AG to manufacture unsaturated polyester and vinyl ester specialty resins in India.

Kemrock forms JV with DSM

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