The Reserve Bank of India (RBI) has said credit-deposit (CD) ratio was a byproduct of the economic and business activity in the respective Indian states, and that the central bank had no direct role to play therein.

No direct role to play in CD ratio of states: RBI

Business Standard

After getting an ad hoc relief of Rs 500 crore, the Uttarakhand cabinet today asked the Centre to act fast on its demand for a package of Rs 21,000 crore in the wake of the disaster striking the hill state during the monsoon season.

Uttarakhand cabinet asks Centre to act fast on its package

Even as a substantial number of industrial projects in the country are in troubled waters due to land acquisition problems, the Indian Railways claims to be showing the way.

Railways shows way to land acquisition

In the backdrop of the Ghaziabad incident, where a senior executive of Indo-Japanese auto parts company Allied Nippon was allegedly killed by angry factory workers, industries in Uttar Pradesh have demanded setting up &lsquo;industrial relation units&rsquo; (IRUs) in manufacturing hubs of UP on the lines of Noida.

UP Inc demands 'industrial relation units' in mfg hubs

The State Council of Ministers on Tuesday approved the first Supplementary Budget for 2010-11. The Supplementary Budget would be presented on November 23, the opening day of the winter session of the state legislative assembly.

Cabinet okays Rs 2832-cr supplementary budget

Mirc Electronics, makers of Onida brand of consumer durables, on Tuesday launched its new mobile phone -- the KY Thunder 007, with a built-in woofer. Targeted at the youth segment, the phone offers the biggest thumping quality sound in any mobile phone, according to Mirc CEO G Sundar.

Onida launches KY Thunder mobile

At a time when many industrial projects in the state are facing protests from the tribals, Chief Minister Naveen Patnaik on Wednesday sought to woo the tribal people saying his government is taking all measures to protect their rights.

Naveen woos tribals

Chairman and chief executive officer of US-based Cargill, Gregory R Page, on Monday called on Andhra Pradesh chief minister, K Rosaiah.

Cargill chief calls on Rosaiah

The state government is likely to file a counter in the High Court on November 18 in response to the various petitions filed by microfinance institutions and borrowers against the AP Microfinance Institutions (Regulation of Money Lending) Ordinance.

State likely to file counter on Nov 18

The fate of the controversial Polavaram project is likely to be decided by the Supreme Court of India which would hear the case on Thursday.

SC hearing on Polavaram project on Thursday

The Securities and Exchange Board of India (Sebi) wants its legal battle with the MCX Stock Exchange (MCX-SX) to be settled at the Securities Appellate Tribunal (SAT).

Sebi wants securities tribunal to hear MCX-SX appeal

After having launched in Delhi and Ahmedabad, Czech car maker Skoda Auto India today rolled out its first sports utility vehicle (SUV) Yeti in Pune.

Skoda launches Yeti in Pune

Tanglin Retail Realty Development today made an open offer to Chennai-based Sical Logistics shareholders. The company offered a price of Rs 79.50 per share, which was less than today's Sical trading price of Rs 89.80 on National Stock Exchange. The acquisition cost comes to around Rs 93.07 crore.

Tanglin makes open offer to buy Sical

Entering its golden jubilee year, mining and construction equipment and services provider Sandvik Asia, a subsidiary of the $13 billion Swedish company-Sandvik AB, plans to increase its turnover to Rs 5000 crore from Rs 2000 crore by shifting gears its gears from a mid-sized company to a bigger company. In an email interview with Pravda Godbole, Hakan Kingstedt, managing director and president, Sandvik Asia talks about the road ahead.

Q&A: Hakan Kingstedt, MD & President, Sandvik Asia

State-owned Defence Research and Development Organisation (DRDO) will be spending around Rs 1,000 crore on development activities in and around Hyderabad over the next five years.

DRDO to invest Rs 1,000 crore in 'aviation hub' Hyderabad

Founders of the Garden City&rsquo;s technology companies are learning the art of patience when it comes to meeting CSR objectives.

Putting money where their heart is

The fourth unit at the Kaiga Nuclear Power station is all set to start power production from November 27. The operation of the plant had been delayed owing to the non-supply of uranium.

Kaiga's 4th unit all set for power generation

The production of domestic Arabica coffee is likely to drop 5 per cent during the current crop year due to very heavy rainfall in some of the growing areas in Karnataka over the last few days. As a result of the rainfall the harvesting of the crop has been delayed and the production of Arabica coffee may drop to around 95,000 tonnes.

Arabica coffee output may drop 5 per cent

The Bharat Electronics Limited (BEL) is developing a light-weight, cost-effective software-driven communication radio that can operate on any frequency band.

BEL developing software-defined communication radios

Press Trust of India

Close on the heels of US President Barack Obama taking the Indian Space Research Organization (ISRO) off the Entity List which did not allow transfer of any dual-use technology to it, British Minister for Universities and Science,David Willett has called for closer co-operation between ISRO and UK&rsquo;s space programme.

UK seeks tie-ups with India in space technology

A memorandum of understanding (MoU) has been signed between Singapore-based business space provider Ascendas and a Japanese consortium of corporate finance provider Mizuho Corporate Bank and programme management contractor and investment partner JGC Corporation, to jointly explore opportunities for business partnerships and collaboration on a large scale project to develop an integrated township in India. The township is set to an have eco-friendly infrastructure for industrial, business, commercial, residential, and lifestyle amenities with Ascendas as the master developer.

Ascendas, Mizuho, JGC in pact for townships

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