Of late, Japanese business establishments prefer to set up their units in Karnataka and Andhra Pradesh due to various factors, including logistics support.

This is evident from the investment figures made available for the period October 2012-October 2013 with Tamil Nadu leading the pack with 179 business establishments followed by Andhra Pradesh (141), Maharashtra (120), Karnataka (71) and Delhi/Haryana (46). However, in the year-ago period, about 58 firms have been established each in Maharashtra, Tamil Nadu and Delhi/Haryana.

ITC, on Friday, posted an 18.4 per cent increase in its standalone net profit which touched Rs.8,785 crore in 2013-14 against Rs.7,418.4 crore in 2012-13, backed by a 11 per cent rise in its net sales which touched Rs.32,883 crore.

With Narendra Modi’s Finance Minister expected to be in office by next week, the Ministry has begun drafting components of the full budget 2014-15, likely to be presented in Parliament in early July. Taxpayers in the lower income-tax slabs can look forward to some relief.

The budget will be one of the first major statements of the Modi government’s policy thrust, especially on the agenda of economy revival.

Thailand’s coup leaders said on Saturday that they would keep former Prime Minister Yingluck Shinawatra, Cabinet members and anti-government protest leaders detained for up to a week to give them “time to think” and to keep the country calm. They also summoned outspoken academics to report to the junta.

Jacob Zuma was on Saturday sworn in as South African President for a second term in the presence of thousands of guests in Pretoria.

Mr. Zuma, whose African National Congress won the May 7 elections with 62 per cent of the vote, was sworn in by Chief Justice Mogoeng Mogoeng at the government complex Union Buildings.

An earthquake beneath the sea shook northern Greece on Saturday, and at least one person was reported to be injured, police said.

The Institute of Geophysics at the Aristotle University of Thessaloniki said the temblor had a magnitude of 6.3; the U.S. Geological Survey reported a magnitude of 6.4.

Militants in Mogadishu on Saturday carried out a multi-pronged, complex attack against the country’s Parliament building involving a car bomb, suicide bomber and gunmen on foot, police said.

At least seven people were killed, including six attackers and one soldier, who tried to stop a suicide bomber from entering the building, said police Capt. Mohamed Hussein.

CBI has registered a fresh FIR in the allocation of coal blocks scam against Nagpur-based Jayaswal Neco Industries and unknown public servants for allegedly mining coal in excess to prescribed limit and diverting it.

CBI sources said the case against the company has been registered for alleged criminal conspiracy, criminal breach of trust and under provisions of Prevention of Corruption Act.

Tech giant Apple Inc has launched the 8GB version of its iPhone 5C in India for Rs 37,500, a move aimed at capturing a larger share of the burgeoning smartphone market in India.

The new device will be available in the market over the next few days.

Samsung Electronics Co Ltd is developing a smartwatch that can make or receive calls without having to be tethered to a mobile phone, the Wall Street Journal reported on Friday.

Samsung Electronics Co Ltd is developing a smartwatch that can make or receive calls without having to be tethered to a mobile phone, the Wall Street Journal reported on Friday.

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