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Bengal takes up Rs 1,600-cr package for Naxalite zone
In an attempt to uproot Naxalites from their support base among the tribals, the West Bengal government will soon embark on a development project costing Rs 1,600 crore for the western part of the state.

As recession eases, US firms sniff opportunities in India
With the Indian economy showing signs of leaving the recession behind, companies from the US are once again making a beeline to the India shores scouting for opportunities. Companies from varied sectors are looking to test the waters with an investment in mind at a later stage. “Last year, things were rocky and very few trade delegations came to India. However in the last one and half months, things have turned around,”said Sandeep Mehra, committee member, Indo American Chamber of Commerce (IACC), Karnataka branch.

News of the day

India Inc gears up for hiring, salary hikes
Corporate India is getting ready with hiring plans and higher pay packets for 2010, as signs of economic recovery are becoming visible along with a rising confidence in the economy"s growth.
International Business

Ambani residence helipad gets coastal authority nod

The proposed helipad atop ‘Seawind’, Mukesh Ambani’s residence in south Mumbai, has got clearance from the Maharashtra Coastal Zone Management Authority (MCZMA), a senior official said today. - NTPC moves SC against RIL petition change - RIL says it signed gas contract but NTPC did not - Anil slips on world power ranking; Mukesh out - NTPC not signing gas deal: RIL to PowerMin - RIL denies hoarding charges - SC to start final hearing on gas row on Oct 20 “The helipad has been granted clearance by the Authority,” Environment Secretary Valsa Nair Singh said. The Mukesh Ambani-led Reliance Industries Limited had sought permission from the government for the helipad atop the building in posh Cuffe Parade area. The government changed the Development Control (DC) regulations last year to permit helipads atop buildings, paving the way for the ‘Seawind’ helipad plan. Environmentalists had objected to the plan, saying noise pollution would violate provisions of the Environment Protection Act, 1986. The MCZMA heard the matter on August 24 after which the proposal was cleared.


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