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Zydus Cadila net up 39% to Rs 132 cr
Reaping benefits from its recent collaborative research programmes, Ahmedabad-based pharmaceutical company Cadila Healthcare, the parent company of Zydus Cadila group, reported an increase in its net profit by 39 per cent to Rs 131.92 crore for the quarter ended September 30, 2009 from Rs 94.88 crore for the corresponding period last year.

If HC judges want to become heroes it is their wish: Moily
Union Law Minister M Veerappa Moily today virtually backed Chief Justice of India K G Balakrishnan on the issue of assets declaration by judges and said if judges were voluntarily disclosing their assets and "wanting to become heroes, it is their wish."

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Jet to buy 26% stake in JV with Malaysian Airlines
The Board of Directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.
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Orissa legislation on ground water use soon

In line with the initiatives taken by some other state governments, the Orissa government is mulling over bringing in a separate legislation for control, utilisation and management of ground water in the state. - Legislation on ground water use soon - IOCL invests Rs 2,200 cr in Paradeep refinery - IOCL invests RS 2200-cr in Paradeep refinery - Water drawal by industries from Hirakud within limit - Orissa government says no to CBI enquiry into mining scam - "Orissa not to go against peoples" wishes for mega projects" This is under the consideration of the state government and a decision is likely to be taken soon, according to the state industry minister, Raghunath Mohanty. Admitting the fall in the ground water level in Sundergarh district due to the deep bore wells dug by the sponge iron plants, the minister said, the depletion was within limit. Based on the data collected by the directorate of ground water of the Orissa government for last five years, the minister said, there is fall in the ground water level in some areas. He said, only 15.37 percent of the available ground water in Sundergarh district was exploited for all purposes. This included 11 percent for agriculture, 4 percent for domestic purposes and 0.5 percent for industrial purposes. It may be noted Sundergah has one of the highest concentration of sponge iron plants with 62 sponge plants located in the district. Mohanty said, the Orissa State Pollution Control Board (OSPCB) has asked all the sponge iron plants in the district to undertake rain water harvesting as per the provisions of the Environment Protection Act, 1986 and direction of Central Ground Water Authority (CGWA). These units have been asked to obtain no objection certificates (NoC) from CGWA for use of ground water. Action has been taken against industries using the ground water without the required permission. First Information Report (FIR) was lodged against 10 sponge iron plants drawing ground water un-authorisedly.


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