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

Business Standard

West Bengal government today said it was possible to set up industry in Singur if Trinamool Congress (TMC) responded positively to the state housing minister Gautam Deb&rsquo;s offer to return 11 per cent of acquired land at Rajarhat township if the Mamata Banerjee-led party allowed the Tatas to set up their second small car unit at the site.

Industry possible at Singur: Govt

Press Trust of India

Ness Technologies, an Israel-based IT services provider, is looking at acquiring two companies in India in the area of OPD (outsourced product development) and financial services space by the end of next calendar.

Ness Tech scouts for 2 buyouts

Hyderabad-based Smaat Aqua Technologies, a water and air treatment technology provider, is targeting a Rs100 crore turnover by 2013 from the current Rs 25 crore.

Smaat Aqua targets Rs 100-cr turnover

Trinamool Congress chief Mamata Banerjee today pooh-poohed the Left Front's suggestion for returning 100 acres in Tata Motors' abandoned land at Singur to help in restarting an industry there and alleged that the state government was &ldquo;land scam-tainted&rdquo;.

Mamata calls govt land scam-tainted

The City Union Bank Ltd is looking to raise Rs300 crore through rights issue or by way of Qualified Institutional Placement (QIP). Meanwhile the bank has set a target to close the current fiscal with a total business of Rs22,000 crore.

City Union Bank to raise Rs300 crore

The public sector Canara Bank would launch 105 branches and ATMs each, across the country on November 19, its founder&rsquo;s day, to commemorate the bank&rsquo;s 105th year of service to the nation.

CanBank set for big expansion

Baker Tilly International, the eighth largest accounting and business advisory network of independent firms in the world, has inducted Kolkata-based Singhi &amp; Co as its sole Indian member.

Baker Tilly inducts Singhi & Co as sole Indian member

Rashtriya Ispat Nigam Ltd (RINL) and Bangalore-based KIOCL Ltd, the public sector units under the ministry of steel, have come together to set up a joint operation wing for the establishment of mining and value addition projects in Karnataka.

RINL forms joint operation wing with KIOCL

While the private sector put forth its wish-list of investment-friendly policies, single-window clearance system and a dedicated SEZ for the healthcare sector, a government representative provided a reality check pointing out the &ldquo;serious erosion in ethical standards&rdquo; in the sector and the need for non-profit organisations.

Pvt, non-profit sectors to see bigger role in healthcare

Electro Zavod, a company specialising in manufacturing equipment for the bulk material-handling industry, has set up a new integrated manufacturing facility in West Bengal.

Electro Zavod sets up plant in Bengal

To ensure smoother land acquisition process and rehabilitation of families, Uttar Pradesh government today appointed respective divisional commissioners and district magistrates as ex-officio commissioners and administrators for different projects.

UP for smoother land acquisition, rehab process

A high level team of Delhi Metro Rail Corporation Ltd yesterday had a meeting with the Deputy Chief Minister of Punjab Sukhbir Singh Badal regarding the proposed metro rail project for Ludhiana.

Ludhiana Metro project to have two corridors

Delhi Metro may boast of completing projects on schedule, but its Phase-II expansion that added another 100 km to its network is being undertaken at an additional cost of over Rs 10,000 crore, an over-run of 117 per cent.

Delhi Metro  phase 2 expansion hit by cost over-run

National Institute of Design (NID), one of the leading design thinking and application institutes of the country, has set up an extension centre of Design Clinic Scheme (DCS) for providing design expertise for the MSME sector of North-Eastern Region.

NID extension centre in NE for MSMEs

West Bengal and Uttar Pradesh have the maximum number of sick micro and small enterprises (MSEs), while Goa and Himachal Pradesh have the minimum, according to the official data.

Bengal, UP have maximum sick small units

Punjab government and the Railway today decided to sign a Memorandum of Understanding (MoU) to enable the state PWD department to execute railway overbridges.

Punjab govt signs MoU for rail over bridges

After finding it tough to make headway in new power projects owing to environmental and religious grounds, the state-run Uttarakhand Jal Vidyut Nigam Limited (UJVNL) is now relying more on its old projects.

UJVNL to upgrade, renovate old projects

Ahmedabad based pharma major Zydus Cadila has entered into an agreement with US based Amarillo Biosciences Inc(ABI to market ABI's dietary supplement Maxisal in India and Nepal.

Zydus cadila to market Amarillo's Maxisal in India and Nepal

With an aim to attract maximum clients, Nashik-based ESDS Software Solution Pvt Ltd, a group of web hosting companies based in UK and US, is planning to provide dedicated servers at affordable rates.

ESDS to offer dedicated servers at affordable rates

The land acquisition process for the proposed port project is set to take off soon with notification under Section 4 (1).

Financial closure for Subarnarekha port by June 2011

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