INDUSTRY & ECONOMY
AUTOMOBILES
Bumpy ride ahead for auto sector
VOLUME growth and snazzy advertising aside, there are serious issues worrying the automobile industry as it moves into the New Year. In the results that were out on Friday, Tata Motors, the country's biggest automobile company, said that ...
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ECONOMY
Dip in population growth of 0-4 years age group: Census
"THE child is father of man," William Wordsworth once wrote. The demographic implication of this is that future population sizes are largely a function of the number of children living today. And on this count, there is finally some good news for ...
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FOREIGN TRADE
Indian companies urged to use Singapore as global gateway
THE Deputy Prime Minister of Singapore, Dr Tony Tan, encouraged Indian companies to use Singapore as a marketplace and gateway, adding that the completion of the Comprehensive Economic Co-operation Agreement (CECA) would be a significant ...
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HEALTH
Avesthagen to make osteoporosis product with Danish partner
THE Bangalore-based biotech company Avestha Gengraine Technologies has announced that it would jointly develop a nutraceutical for osteoporosis treatment jointly with Danish research major CCBR. Avesthagen, along with the Centre for Clinical & .
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Low-cost psoriasis drug to hit market soon
A low-cost drug to fight psoriasis will hit the market in the next two and half years. The drug is being developed by Lupin, CDRI (Central Drug Research Institute) and NIPER (National Institute Pharmaceutical Education and Research). The skin ...
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INFRASTRUCTURE
New convention centre in Chennai
THE new convention centre within the Chennai Trade Centre complex will give an impetus to promoting Chennai as a destination for meetings and conferences. According to a press release, the 1500-seater, air-conditioned centre has been set up at a ...
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PSU
STC turnover set to cross Rs 10,000 cr
STATE Trading Corporation (STC) is set to gross a sales turnover of Rs 10,000 crore during the current fiscal buoyed by overall performance in the first half. Last year, its sales turnover was Rs 8,349 crore last year. The ...
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PETROLEUM
No hike in petrol, diesel prices for a fortnight
THE prices of petrol and diesel would remain unchanged for another fortnight with the Government today directing oil companies to put on hold any plans for a hike. "Prices are not being raised today," the Petroleum Minister, Mr Mani Shankar ...
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Petronet board clears Kochi LNG project — Work to begin next month
PETRONET LNG Ltd will start the preparatory work next month for setting up its LNG terminal here, which has been pending for about five years, following final approval of the project by its board of directors on Friday. Speaking to Business ...
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SSI
Kerala small industries' body moots risk insurance
THE Kerala State Small Industries Association has suggested implementation of risk insurance scheme (RIS) to protect entrepreneurs and lenders, including banks, from genuine loss. The nature of loss, whether genuine or created, is easily ...
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WATER
Shasun to buy water from Chemfab Alkalies
SHASUN Chemicals and Drugs Ltd has agreed to buy 500 cubic metres of water a day from Chemfab Alkalies Ltd. The agreement will take effect once Chemfab Alkalies' desalination plant goes on stream. Chemfab Alkalies has received the in-principle ...
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EDUCATION
IIM-K holds seminar
KOCHI: Indian Institute of Management-Kozhikode organised a one-day seminar, OPUS-O4 on Operations Management in Kozhikode on Sunday in association with CII Institute of Logistics and Cochin Shipyard Ltd. The theme of the seminar was ...
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INDUSTRY ASSOCIATIONS
Plea to remove discrepancy in dividend payment clause
The PHD Chamber of Commerce and Industry has urged the Government to remove discrepancy in the clause on proposals for payment of dividendby companies in the concept paper for revamped Company Law. In a representation to the Ministry of ...
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BIO-TECH & GENETICS
Service industry sets store by life sciences, pharma, biotech
A FEW years ago when the IT boom was in the offing, the service and ancillary industry frantically geared up for the business opportunity by tweaking products to meet the needs of the sector. Today, the troika of pharmaceutical, biotechnology ...
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EVENTS
Engagements
EXPORTS & IMPORTS
Even after Cabinet approves removal of product from essential commodities list — Govt yet to free onion exports
CONTRARY to the general belief, no decision has been taken by the Government on freeing export of onion. This is even after the Union Cabinet's recent approval for removing the commodity from the purview of the Essential Commodities Act, 1955 ...
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Unexplained charges thrust on eastern exporters
EXPORTERS in the eastern region, already hit by mounting transaction costs and other problems, have for long been suffering because of the largely unexplained port-related charges such as terminal handing charges, ...
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TOURISM
Fast-track clearance at international airports for travellers mooted
LENGTHY queues at international airports for air travellers may soon be a thing of the past, though it would come at a price. The Ministry of Tourism has mooted the idea of "fast-track" clearance at all international airports for those ...
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Lanka emerging preferred MICE destination in S. Asia
THOUGH competition from Singapore and Kuala Lumpur is stiff, Sri Lanka has gone ahead and positioned itself as a preferred MICE (meetings, incentives, conventions, exhibitions) destination in South Asia. The Sri Lanka Convention Bureau (SLCB) ...
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