Hindware Home Retail Private Limited (HHRPL), a home solutions enterprise and 100 per cent subsidiary of Hindustan Sanitaryware and Industries Limited (HSIL), expects its projects and institutions division to contribute 25 per cent to the revenue from the current 18 per cent in the next two years.

Hindware Home bullish on institutions div

Business Standard

Hyderabad-based infrastructure developer GVK Power & Infrastructure Limited (GVKPIL) has emerged as the preferred bidder for the six laning of the existing three lanes of the 101.9 km long Bagodara â€“Wataman â€“ Tarapur â€“ Vasad Road in Gujarat on a build, operate and transfer (BOT) basis.

GVKPIL bags  road project in Gujarat

In a bid to encourage cultivation of exotic flowers, fruits and vegetables in Gujarat, the state government is planning to take up the number of greenhouses from current 150 to around 1,000 in next three years. The state government is offering several incentives to encourage cultivators for developing greenhouses.

Gujarat to see 1,000 greenhouses in 3 years

Gujarat government's decision to reduce value added tax (VAT) on battery-operated two-wheeler seems to have started yielding results. Some of the leading players see prices of electric two wheelers in Gujarat coming down in the range of Rs 2,500 to Rs 3,500 as the electric bike makers in the state plan to pass on the benefit of reduced VAT to end users.

Electric bikes to get cheaper upto Rs 3500

The private sector companies operating in the defence business in India are looking forward to a structured inflow of offset commitments made by global OEMs in the wake of the recently announced new offset policy by the Ministry of Defence.According to industry experts, the Ministry of Defence (MoD) has been pretty proactive in their interaction with the industry and has been obtaining regular feedback from the domestic and international industry alike and has been making refinements to the offset guidelines from time to time.â€œThe recent announcement of the Defence Offset Guidelines, was by far the most progressive taking a paradigm shift in the approach. In the Defence Offset Guidelines of 2012, the MoD has incorporated the best practices of offsets and has set in motion one of the best offset policies which can be a potential real game changer,â€ said S Ravinarayanan, Chairman, Axis Aerospace & Technologies, a company which is working with many global defen

Private sector companies look to reap benefits of new offset policy

Congress president Sonia Gandhi, who was scheduled to address two election meetings in Tripura on Sunday, has cancelled her visit due to ill health, All India Congress Committee general secretary Luizinho Falerio said.Ahead of the February 14 polls, Sonia was to hold meetings in Agartala and Kumarghat but it has been cancelled due to her illness, said Falerio, party in-charge of Tripura.Earlier, Prime Minister Manmohan Singh had also cancelled his trip. He was scheduled to address people yesterday at Ambassa in Dhalai district.Congress vice-president Rahul Gandhi would hold four public meetings in Tripura tomorrow to campaign in favour of party candidates for the elections, Falerio said.

Sonia cancels her Tripura trip due to ill health

Press Trust of India

Asiaâ€™s largest sal forests in Saranda, under West Singhbhum district in Jharkhand,  after being liberated from the Naxals hold through Anaconda- 1 Anaconda-2 operation last year by the CRPF, Cobra, Jharkhand Jaguar and Jharkhand Armed Police, followed by unveiling an ambitious development plan worth Rs 249 crore for development in the villages of Saranda spread over 99 sq km, is being considered by the ministry of rural development to focus it as a model for other Naxal-hit states in the country, where similar development are being projected.With the funds of the Union government, infrastructure projects in 56 villages liberated from the Naxals hold will be built. A team of senior officers from several ministries headed by the Union cabinet secretary A K Seth came from Delhi on Friday and assessed the problems in executing development work in the Naxalite infested districts of the state.This is the first time after constitution of Jharkhand bifurcating Bihar o

Liberation of Saranda forests from Naxal hold through development, to be focused as model

Company plans to increase its dealership network to 450 and customer touch points to 1,400 by the end of this year

Yamaha to increase dealership network, customer touch points

After concentrating on thermal power for a long time, the West Bengal government has now decided to give priority to the development of hydro power projects in the 12th and 13th plan period. For that, the West Bengal State Electricity Distribution Company Limited (WBSEDCL), one of the three state run power companies, which has been entrusted with the task of developing hydro power projects, has carried out study in different aspects of hydro power development in the state and identified up to the end of 11th plan period (up to 31st March, 2012) that West Bengal has the estimated conventional hydro power potential including canal falls up to 1,500MW and the pump storage type hydro up to 4,800MW.So far the state has harnessed nearly 1,078 MW hydro power, of which conventional hydro including canal fall is about 178 MW and pumped storage type hydro is 900 MW. According to WBSEDCL, during the last part of the 11th Plan period renovation, modernisation and revival of the age old

West Bengal to focus on developing hydro electricity

The central government will have the final say in disputes arising out of the Fuel Supply Agreement (FSA) by both public and private sector power companies, according to sources.Coal India has modified the clauses concerning supply disputes which put the private sector at par with PSUs, a source with a power utility told PTI.According to the model FSA circulated in November, 2012, Coal India had the right to terminate the supply contract for private power sector consumers with a three-month notice in case there was no consensus during a joint review.In cases of supply disputes with a PSU power unit, the matter had to be referred to the government for a final decision which would be binding on both the supplier and the consumer.However, after the private sector power companies raised objection, the government decided to do away with the anomaly.Union Coal Minister Sriprakash Jaiswal had recently said the model FSA would be the

'Govt to decide on FSA disputes of pvt power cos too'

East Coast Railway (ECoR) has logged 10.8 per cent growth in its originating freight loading during April-January period of this fiscal at 108.19 million tonne (mnt) as against 97.62 mnt handled in the corresponding period of 2011-12.During January 2013, ECoR loaded 12.66 mnt of freight as against 10.46 mnt loaded in the same month of 2012, thereby achieving growth of 21.1 per cent. The zonal railway's achievement was eight per cent more than the target set by the Railway Board.With the kind of growth registered in 2012-13 till January-end, ECoR is poised to overshoot the budgetary target of 130 mnt by a handsome margin, said a release.The record growth in freight traffic has come on the back of coal loading at Paradeep and Dhamra ports at an average of nine rakes and 5.7 rakes respectively. Further, iron ore loading at Kottavalasa-Kirandul Line at an average of 15.2 rakes per day has also been a growth driver.The best ever coal loading w

ECoR freight loading up 11% in April-Jan

BS Reporter

Says govt fails to spend the sanctioned amounts because of flaws in its own policy

Congress blames Odisha govt for less spending of Central fund

Say it will ensure economic development by providing rural employment, uplifting rural income and providing food security

Scope for agri-business in Odisha enormous, say experts

Anti-Posco leader, Abhaya Sahu, who was on hunger strike demanding complete withdrawal of police force from Gobindpur village in Posco project site, has called off his fast without achieving the objective.The Jagatsinghpur district administration, which was carrying out the land acquisition for the Posco project at Gobindpur amidst a heavy cordon of police forces before halting the drive temporarily,   has rejected Sahuâ€™s demand.Superintendent of police, Jagatsinghpur, Satyabrat Bhoi said, â€œAs the land acquisition process at Gobindpur has been put on hold, we have sent back few platoons of force to state headquarter. Still, we have deployed some police at Badagabapur and Gobindpur to maintain law and order. There is no question of withdrawing police from Gobindpur completely as demanded by anti-Posco activists.â€The Posco Pratirodh Sangram Samiti (PPSS) leader, Sahu had been on indefinite hunger strike at Patanahat of Gobindpur village since las

Anti-Posco leader calls off hunger strike

Says pacts were not legally binding and were meant to shore up investorsâ€™ confidence

Odisha refutes CAG charge on MoUs

However, diesel cars are still being preferred by customers, who drive longer distances on daily basis

Petrol models find favour with car buyers

Chinese universities and the automation where the software itself writes the software code are the two upcoming challenges in addition to cloud computing that the Indian software professionals would face, according to former Nasscom president Kiran Karnik.However, he is optimistic they would overcome these challenges by reinventing themselves through innovation as they had done in the past when the Y2K opportunity dried up after 1999-2000.Delivering the foundation day lecture on â€˜IT: Indiaâ€™s tomorrow for business and the economyâ€™ at ICFAI Business School here on Saturday, Karnik said loss of jobs on account of cloud computing was imminent. â€œAs jobs like stenographer no longer exist, the jobs of some programers may go as outsourcing may take a big hit because of cloud,â€ he said.Similarly, China is churning out a large number of software professionals in a direct competition to what the Indian IT professionals have been doing so far and at th

Doing things differently is key to survival: Karnik

IL&FS Infrastructure Leasing and Financial Services Limited, which took over the reins of crisis-ridden Maytas Properties Limited in 2011, will be investing Rs 150 crore in developing a residential apartment project in the vicinity of â€˜Maytas Hill Countyâ€™ located on the outskirts of Hyderabad.â€œAs part of our business plan, we will be coming up with a 400-unit apartment project on 12-and-a-half acre near Hill County. Construction work on the project is expected to commence by the end of this calendar, and it would ready for delivery in two years from then,â€ said PV Rao, chief operating officer of IL&FS Infrastructure.Speaking to Business Standard at the ninth edition of India Property Show here on Sunday, Rao said the company was also contemplating developing a residential venture on over 40 acre land parcel as part of Phase-II of Hill County. The project is still in the planning stage.â€œThis is part of the mandate given by the Company Law Bo

IL&FS to invest Rs 150cr in Hyd residential project

If the central industrial package helped growth in Himachal, it is not at the cost neighbouring Punjab and Haryana, claims a study.The study has been carried out by Grant Thornton to find out the impact of the package in the region. It also looked into the need to extend the industry in the old form .As a result of more incentives by the Centre to attract investors to set up units in the hill state, there has been a flight of industry from their states, Punjab and Haryana have been claiming.The Confederation of Indian Industry (CII) Himachal wing has been citing this study, saying no perceptible change indicates that Himachalâ€™s industry grew at a far faster pace than these two states .In fact, on the basis of this study, C N Dhar, state CII chief, has demanded that the industrial package be revived on the pattern of another hill state in the region Jammu & Kashmir .According to the study, Haryana has been performing better i

'Himachal growth is not at cost of neighbours'

In a bid to save Karnatak University of major embarrassment, governor H R Bharadwaj who is also the chancellor of the Universities has turned down the Karnatak Universityâ€™s proposal to confer honorary doctorate degrees on cine producer Anand Appugol and social activist R N Naik.

Governor turns down 2 names for KU Doctorate

The day also marks the second Shahi Snan of sadhus belonging to various Akharas

Devotees queue up to take holy dip on Mauni Amavasya

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