Automobiles
Hyundai organises roadshow in Madurai
MADURAI: Hyundai Motor India has organised a roadshow of its products in the city for three days at UC High school grounds, Arasaradi.
Banking and Finance
100 pc foreign-owned NBFCs on cards
THE Government has finalised a proposal for Cabinet approval which seeks to permit the conversion of a holding company set up by overseas investors in the domestic financial services segment into a fully-owned operating company.
Bank VRS optees take demands to court
THE voluntary retirement scheme (VRS) saga of the banking sector is far from over. Disputes between the management and the VRS beneficiaries over payments is now moving out of the bank headquarters to a different turf -- the court-room.
Corporate
TVS launches branded service in Coimbatore
T V SUNDARAM Iyengar & Sons Ltd on Saturday launched its first independent ``branded service outlet'' -- TVS Xpresss and Parts -- retailing franchisee outlet (for TVS Xpresss service) in the city.
Joint venture partnerships -- Chamber wants leash to stay on MNC allies
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed distress over the Government's reported decision to nullify press note No. 18 under which a foreign parent company had to seek a no-objection certificate (NOC) from an India
n joint-venture (JV) partner to start a 100-per cent owned subsidiary in exactly the same line of business as the Indian joint-venture.
FKCCI seeks changes in merger laws
BANGALORE: Tax reforms in the case of business restructuring and mergers and acquisitions figure prominently in the pre-Budget memorandum of the Federation of the Karnataka Chambers of Commerce and Industry (FKCCI).
Economy
Economy pace better in H2?
CONTRARY to indications that the economy had slowed down in the second half of the current fiscal (October 2000-March 2001), the estimates of the Central Statistical Organisation (CSO) indicate that it could be performing better than it did during the fi
rst six months.
`Target list for Antyodaya scheme in two months'
THE list of families eligible for the highly-subsidised foodgrains under the Antyodaya Anna Yojana scheme will be completed within the next two months, according to Mr Shanta Kumar, Union Minister for Food, Consumer Affairs and Public Distribution.
Health
`Urban bias of doctors hits rural services'
MANGALORE: The State Health Minister, Mr A.B. Malaka Reddy, has come down heavily on the urban bias of doctors which, according to him, is affecting the efficacy of health services in rural areas.
Information Technology
`Indian IT cos may gain from US slow down'
INDIAN software companies will continue to grow and the frontline IT companies, would see little negative impact from the slowdown in the US economy, the Chairman of the Unit Trust of India (UTI), Mr P. S. Subramanyam, said.
Infrastructure
Safety panel sets 20 pc norm for rail investments
THE high-level Railway Safety Committee has said that the Indian Railways should invest only in projects which generate a rate of return (RoR) of over 20 per cent.
Insurance
Tata-AIG to kick off with IT products -- Roadshows from today for soft launch next month
TATA-AIG General Insurance Company Ltd is starting roadshows in four metros and some major cities from Monday prior to the soft launch of its insurance products in March.
Policy
Expenditure panel term to be extended
THE term of the Expenditure Reforms Commission headed by Mr K.P. Geethakrishnan will be extended by another six months, with the Finance Minister, Mr Yashwant Sinha, having cleared a proposal to extend its tenure till September.
New secretary for DOD takes change
DR Harsh K.Gupta has taken over as the new Secretary, Union Department of Ocean Development (DOD). He succeeds Dr A.E. Muthunayagam, who retired recently.
States
Air Ambulance services launched in Hyderabad
APOLLO Hospitals here has launched `Air Ambulance Services' to make emergency medical care accessible to people living in distant areas.
Call to preserve Pulicat Lake
ENVIRONMENTALISTS have stressed the importance of conserving the Pulicat Lake spread across Andhra Pradesh and Tamil Nadu, the second largest brackish water lagoon in the country after Chilika in Orissa, for the sake of traditional fishermen dependent on
it and the migratory birds, especially the exquisite flamingos which have made it their winter home.
Bengal plans `restructuring' of State-owned enterprises
THE West Bengal Government is carrying out an assessment of the State public sector undertakings and corporations under its control, Mr Mrinal Banerjee, State Minister for Public Enterprises and Industrial Reconstruction, said here.
DST preparing seismic risk zone map of Jabalpur
IN a significant effort to initiate preparedness in urban areas to big earthquakes, the Union Department of Science and Technology (DST) has started preparing the seismic risk zones map of Jabalpur in Madhya Pradesh which was affected by a 6.0 magnitude
earthquake in 1997.
Technology
NIRD to establish rural tech park
THE National Institute of Rural Development (NIRD) is in the process of establishing a `Rural Technology Park' which would be a one stop location for exhibiting low cost rural technologies related to various aspects of rural development, according to the
institute's Director General, Mr R.C. Choudhury.
Textiles
Canara Bank rediscovers Tirupur knitwear sector
CANARA Bank will revive lending to the Tirupur knitwear sector by shedding past concerns on high non-performing asset (NPA) levels encountered by it in the region till a few years ago.
