The Karnataka government, which signed memoranda of understanding (MoUs) with a host of big-ticket investors at the global investors&rsquo; meet (GIM) in June last year, has put on fast track the process of issuing clearances to a majority of them.

State fast tracks major investment projects

Business Standard

&ldquo;In terms of volumes, computer peripherals comprise major part of our sales, but in terms of revenue, consumer electronics is ahead&rdquo;, said Sandeep Kedia, director of the company.

Techcom bets on consumer electronics sales for growth

The Hyderabad metro rail, in its current design, would pass very close to nearly 60 listed heritage monuments along its route, posing a threat to their integrity and their future as heritage sites, say experts who had worked for conservation and recognition of heritage sites in the city.

Metro rail does not have conservation expert: Intach

Delhi-based Kanu Kitchen Kulture Private Limited, which retails the Hacker modular kitchen brand in India, is in talks with Mumbai-based construction firm DB (Dynamix Balwas) Realty, for supply of 900 Hacker modular kitchens worth Rs 54 crore.

Delhi firm in talks with DB Realty to supply Hacker modular kitchens

Nasdaq-listed pharma company Hikma Pharmaceuticals is picking up a minority stake (less than 25 per cent) in Ahmedabad-based bulk drug maker Unimark Remedies for $33.3 million(around Rs 148 crores). Unimark is planning to sign an agreement with Hikma around mid-May that will enable the company to market products in the US and EU under the Unimark brand.

Hikma picks up stake in Unimark

The labour strike at the General Motors India (GM) Halol plant that completed a month today is showing no signs of dying down. Close to 200 striking workers are yet report to work. The company, however, is making around 150 cars per day at Halol with the remaining workforce.

GM strike completes one month

Work on one of the most ambitious projects of the state government, Gujarat International Finance Tec-City (GIFT City) is finally expediting with the first phase set to come up by 2014. With a built up area of 10 million sq ft, first phase of the financial services hub in Gujarat will be completed in next three years, said Sudhir Mankad, chairman of GIFT Company Limited.

First phase of GIFT City to be completed by 2014

The realty developers in Ahmedabad are now heaving a sigh of relief after the state government offered a 50 per cent cut in the recently hiked jantri rates. The mood was upbeat among the realty and developer communities as the government relented on late Wednesday evening and offered to cut the recently hiked jantri rates by 50 per cent.

Jantri rates now justified: Ahmedabad realty Inc

As part of its social obligations, CREDAI (Confederation of Real Estate Developers&rsquo; Association of India) is planning to train unskilled labourers from 10 select cities in the country, with the assistance of National Skilled Development Corporation (NSDC).

CREDAI to train unskilled labourers in 10 cities

City based Inn Venue Hospitality Management Private Limited, a has set up &lsquo;Redcarpet Hotel &amp; Culinary Academy&rsquo;, in Pune. The company that runs some of the most successful ventures in hospitality business including Hotel Deccan Rendezvous, Polka Dots Restaurants and Baker&rsquo;s Basket, the of bakery shops. The company has invested Rs 9 crore for this academy.

Venue Hospitality sets up training academy

Luxury hotel group InterContinental Hotels is planning to open over 45 hotel properties across India by 2015. These properties will be developed in the cities like in Delhi, Mumbai, Jaipur, Bangalore, Ahmadabad and Kochin. It has today opened Holiday Inn in Hinjewadi, Pune. The company has invested around Rs 70 crore in this property. The hotel offers 172 rooms ranging from deluxe, studio, executive suites, restaurants and meeting spaces.

IHG to open 45 hotels in India

M S Unnikrishnan, managing director and chief executive officer of Thermax took over as chairman, capital goods, national committee, CII at the annual meeting of the apex industry body, held at Delhi recently. He takes over from the earlier chairman J P Nayak, director, L&amp;T.

Thermax MD named chairman of CII's capital goods commitee

The Supreme Court-appointed Central Empowered Committee (CEC) today said that large-scale illegal mining was on in Karnataka, particularly in Bellary district in connivance with officials and public representatives.

Supreme Court panel finds illegal mining in state

Press Trust of India

Prime Minister&rsquo;s Economic Advisory Council Chairman C Rangarajan today said, to control the demand pressures interest rate has to be raised. Commenting on the IIP numbers that fell to 3.6 per cent in February, he said, the situation will turnaround next fiscal.

'Tight monetary stand must to combat inflation'

Mission10X, a not for profit trust launched by Wipro Ltd, announced it has signed a Memorandum of Understanding (MoU) with Nasscom, to facilitate enhancement of employability skills of engineering students in IT and related sectors. The MoU was formally signed at Wipro&rsquo;s corporate office by Pratik Kumar, Executive Vice President, Human Resources, Wipro Ltd, and Som Mittal, President, Nasscom.

Wipro's Mission10X in pact with Nasscom

After being rapped by the Union ministry of environment &amp; forests (MoEF) for ignoring palli sabha resolutions at the Posco affected villages, the Orissa government has demonstrated its readiness to take note of the concerns of the affected villagers raised at these village level meetings.

State forest dept to examine palli sabha resolutions: Naveen

Close on the heels of the Supreme Court of India refusing to stay construction of the Polavaram dam, dealing a body blow to the hopes of Orissa, the state government has now geared up to report to the apex court on violations of the Environment Protection Act (EPA) and Forest Rights Act (FRA) at the project site.

Orissa to report to SC on violations of FRA & Environment Act

Noted management guru and founder director of the city-based Asian School of Business Management (ASBM), Biswajeet Pattanayak who had redefined management learning a few years back by introducing a case study on 'Lagaan' during his stint at IIM-Indore, has now decided to document a full-fledged case study on noted social activist Anna Hazare.

ASBM to document case study on Anna Hazare

The proposed 3200 Mw ultra mega power plant by National Thermal Power Corporation (NTPC) at Gajamara near here has run into rough weather with the locals opposing the project on the ground of losing fertile agricultural land and forest cover.

Locals oppose 3200 Mw NTPC power plant at Gajamara

A delegation from the European Union is expected to visit Paradip in December to assess the conditions and infrastructure facilities available at the fishing harbour there for seafood export trade.

EU expert team to visit Paradip fishing harbour in December

The Centre would extend all possible help to the ailing public sector Indian Telephone Industries (ITI) in its endeavour to make a turnaround, Union Minister of State for Communications and IT Gurudas Kamat has said.

Centre promises all help to ITI

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