Luxury hotel chain, Hotel Leelaventure has decided to reduce the company's debt by selling its non-core assets and issuing equity shares.

Hotel Leela to reduce debt by sale of non-core asset

Press Trust of India

The Confederation of Indian Industry (CII) today appealed to the state government to give top priority to improve the infrastructure in Himachal Pradesh so that industry does not move out of the state in frustration as the Central excise package has already expired in the hill state.

CII tells Himachal to fix infra

Business Standard

Maharashtra Chief Minister Prithviraj Chavan today said that government would give top priority to setting up cotton-based industries in Vidarbha.

Vidarbha to get top priority for cotton-based industries: Chavan

From Tata Motors to Sterlite Industries, a total of 181 industries participated in the Industrial Expo 2011 which concluded on a positive note at the Industrial estate of Haridwar.

CII Haridwar Expo big hit with SMEs

With an investment of $0.5 million (Rs 22.5 million) for setting up a new line for producing Indian Made Foreign Liquor (IMFL) at Modi Distillery in Modinagar (Uttar Pradesh), Modi Illva India, a 50:50 joint venture between Umesh Modi Group and Italian spirit maker Illva Saronno, is further planning to invest $5 million-$7 million (Rs 224.9 million- Rs 314.9 million) within the next four years.

Modi Illva India to invest $5 mn-$7 mn in spirit biz

The Rs 434 crore plan for improving and expanding roads in Mysore and the backward district of Chamarajanagar is getting ready for implementation.

Nanjangud-Mysore project cleared

The India branch of American Express Banking Corp has signed a distribution tie-up with Chennai-based public sector bank, Indian Overseas Bank (IOB), to provide its credit card services through the latter's distribution network.

Amex in credit card tie-up with Indian Overseas Bank

Jawaharlal Nehru Technological University-Kakinada on Sunday entered into a Memorandum of Understanding with CR Rao Advanced Institute for Mathematics, Statistics and Computer Science (AIMSCS) for collaboration between faculty and students of the two institutions.

JNTU-K signs MoU with CR Rao Statistics Institute

The National Innovation Council (NIC) will create a Rs 1,000-crore national innovation fund in two to three months to provide venture capital for early-stage innovations, according to Arun Maira, member of NIC and the Planning Commission.

Rs 1,000-cr innovation fund in three months

As the developer of Bt cotton seeds and a host of other conventional hybrid and genetically modified crops, Jalna-based Maharashtra Hybrid Seeds Company Ltd (Mahyco) has seen success in the market despite controversy around GM technology. The Rs 540-crore company, in which US biotech giant Monsanto has a 26 percent stake, navigates its way based on what it sees as the farmers' needs, its chief technology officer Usha Barwale Zehr tells B Ramakrishna.

Q&A: Usha Barwale Zehr, Chief Technology Officer, Mahyco

The Karnataka Cabinet today decided to recommend to the Centre to name the Bengaluru International Airport after the city founder Kempegowda.

State for naming airport after Kempegowda

This comes in the backdrop of bumper wheat production estimates for the coming season. According to the state agriculture department, the state wheat production is likely to increase by 4.5 per cent to 28.83 MT compared to 27.5 MT last year. The wheat acreage is estimated at 9.61 million hectares.

UP to procure 3.9 MT wheat

National Bank for Agriculture and Rural Development has sanctioned Rs 22.90 crore to Haryana under the Rural Infrastructure Development Fund for constructing 33 veterinary hospitals and 103 veterinary dispensaries in 16 districts.

Nabard sanctions Rs 23 cr to Haryana

Telugu Desam Party (TDP) president and leader of the opposition N Chandrababu Naidu on Monday restrained his members from the Telangana region from joining the ongoing ruckus on separate statehood in the Assembly.

Naidu reins in Telangana members

Move over coffee, it is time that a healthier and tastier indulgence called chocolate grabs the limelight for its delicious appeal. With the chocolate confectionery and surrogate industries projected to post a 14 per cent growth according to a survey by Euromonitor International, many start-ups from Ahmedabad are grabbing the opportunity and making the most of it.

Chocolate: New taste of success for city-based start-ups

The Rs 3500-crore Shamuka tourism project billed as the showpiece project of the Orissa government, has hit a major roadblock with the Industrial Infrastructure Development Corporation of Orissa (Idco) yet to transfer even a single acre of land to the Orissa Tourism Development Corporation (OTDC) for executing the project.

Shamuka tourism project hits land acquisition roadblock

The Confederation of Indian Industry (CII) has called for sustained efforts to achieve a growth rate of four per cent per annum in the agriculture sector while stressing on the need to clock 11-12 per cent growth in manufacturing sector.

CII for sustained 4% growth in agriculture

With technological advancement and globalisation, intellectual property rights (IPR) has become an important tool for growth withbusiness security, says The International Association for the Protection of Intellectual Property (AIPPI).

Need proper regulatory system to protect IPR: AIPPI

The Orissa government has spent Rs 882.25 crore under the Accelerated Irrigation Benefit Programme (AIBP) till the end of January 2011 in this fiscal. The amount spent includes Rs 642.96 crore out of the state's budgetary outlay of Rs 1165 crore in 2010-11 and Rs 235.29 crore out of a Central grant of Rs 404.54 crore received by the state government.

Orissa to spend Rs 882 crore under AIBP

The National Small Industries Corporation Limited (NSIC) will give marketing support to the Rajkot-based micro, small and medium enterprises (MSME) by educating them besides organising exhibitions.

NSIC extends marketing support to MSME units in Rajkot

During this period, the steel plant&rsquo;s hot metal output reached 2.10 million tonnes, crude steel production touched 1.97 million tonnes and saleable steel output stood at 1.84 million tonnes, registering capacity utilization of 115 per cent, 113 per cent and 120 per cent respectively.

RSP scales new high in production in April-February

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