The Hindu Business Line : Saturday, March 25, 2006

Urban projects to get Rs 1,100 cr
Mumbai urban renewal projects will see infusion of Rs 1,100 crore in 2006-07, according to Mr Jayantrao Patil, Minister for Finance and Planning, Maharashtra. Addressing a function at the Indian Merchants' Chamber, he said the ... More

EMPLOYMENT

Manpower recruitment in B-schools
Campus hiring comes under the service tax scanner More

CLIMATE & WEATHER

Bay clouds promise breezy wet session
Skies over the Bay of Bengal have been witnessing convective clouding over the past few days, which could combine with the easterly waves to trigger a wet session in the southern peninsula over the next few days. Speaking to Business ... More

OVERSEAS BORROWINGS

Jain Irrigation's $60-m FCCB issue
Jain Irrigation Systems Ltd said it has raised $60 million through a foreign currency convertible bonds (FCCB) issue. The conversion price is Rs 345.59 per share. The zero-coupon bonds are of five years and one day maturity. The ... More

SOCIAL SECURITY

4 in race for coal PF assets management
The winds of reforms seem to be catching up with the morbid provident fund sector too. While the Employees Provident Fund Organisation (EPFO) is likely to take a view on investing a small corpus of around Rs 100 crore in equities in its meeting ... More

BUDGET

BUDGET 2006

Content vs process
Is it time that the people of the country got actively involved in the Budget-making process? More

CHEMICALS

BOC opens merchant plant in South
BOC India Ltd, a leading player in the gases business, has announced the inauguration of its first merchant plant for the southern market here on Friday. The company said the new air separation unit would further consolidate its ... More

ECONOMY

Panel clears Rs 27,000-cr plans in Karnataka
In a major decision that dispelled that Karnataka would fail to attract investment after the new government assumed power, proposals worth Rs 27,000 crore have been approved by the High Level Committee chaired by the Chief Minister, Mr H.D. ... More

FOREIGN TRADE

Indo-UK business awards instituted
As part of the ongoing efforts to strengthen Indo-UK trade relations, the UK Government has formally launched the `UK Trade & Investment India Business Awards' effective 2006. The awards are co-sponsored by Barclays Bank, BMI, Grant Thornton, . More

CII MoUs with Ballarat, Melbourne
The Confederation of Indian Industry (CII) has signed memoranda of understanding with the city of Ballarat and Melbourne at the ongoing business seminar in Australia. The chamber has taken a business delegation to the seminar ... More

HEALTH

GlaxoSmithKline gets nod to import bird flu drug
Not likely to be in India soon due to supply pressures; Biota gets 7 pc royalty on the sales of Relenza More

Mass death of chickens triggers panic in Coimbatore
Officials deny bird flu and cites starvation as reason More

INFRASTRUCTURE

M&M to develop Rs 2,000-cr SEZ in Pune
Planned as an industrial-cum-residential zone More

PSU

KMML awards Rs 160-cr deal to Finnish company
Australian co to supply mineral, sand mining equipment More

STC aiming at Rs 10,000-cr turnover next year
The State Trading Corporation (STC) has committed to achieving turnover of Rs 10,000 crore for the next fiscal, envisaging a growth of 33 per cent over the current fiscal. This is the high point of the MoU the company has inked with the ... More

PETROLEUM

ONGC to realise higher price for PMT gas
The joint venture partners ONGC-Reliance Industries-BG expect to earn additional revenue from realising higher price for gas produced from Panna, Mukta and Tapti (PMT) fields. "The joint venture stands to gain $70 million in 2006-07," Reliance ... More

GAIL gets bids from 8 cos
For transporting compressed natural gas from Myanmar More

`Bangladesh nod awaited on Myanmar pipeline'
No timeframe for negotiation and talks to conclude More

RPL to set up two SBMs at Jamnagar
Facilities target crude oil, SEZ requirements More

`Refining capacity to touch 210 mt by 2012'
May become No.1 in export list More

Jindal Drilling signs deal with Keppels Felles for second rig
Deployment contract with ONGC soon More

Petronet LNG to source gas from Australia
Company in talks with other countries for supplies More

HPCL to go ahead with Bhatinda project alone
In touch with MNCs, foreign partners to join later More

IOC includes E&P bids as part of MoU with Govt
Indian Oil Corporation Ltd (IndianOil) has for the first time included successful bidding for acquisition of exploration and production (E&P) assets and commercialisation of product formulations as part of its memorandum of understanding (MoU) .. More

PHARMACEUTICALS

WHO calls meet with Asian drug firms on bird flu
To discuss the companies' preparedness in the event of a pandemic More

POWER

No guarantees for ultra mega power projects
Payment security on revolving L/C, escrow accounts More

Shankaralingam is new NTPC chief
NTPC Director (Projects), Mr T. Shankaralingam, is slated to take over as the Chairman and Managing Director of the power major from April 1. Mr C.P. Jain, the company's CMD would be superannuating on March 31. Official sources ... More

Domestic power tariff to stay in AP
Marginal reduction for industrial users More

TAXATION

Karnataka's tax coverage close to 12% of GSDP
Bangalore currently contributes to about 60% of tax revenues More

SSI

Visvesvaraya Award
The Madurai District Tiny And Small Scale Industries Association (Maditssia) and the All India Manufactures' Organisation (AIMO) have invited applications from the small/tiny industries for "Visvesvaraya Award" for the Best Small ... More

COAL

Ministry to seek Cabinet nod for CIL venture
The Ministry of Coal will place before the Cabinet within the next few weeks a proposal to allow Coal India Ltd (CIL) to form Coal Videsh Ltd as a subsidiary through which the public sector monolith will acquire coal mines outside India. The ... More

RADIO/TV

Mobile TV set to power ahead
POCKET ENTERTAINMENT More

`Restructuring part of larger expansion plans'
According to Zee Telefilms, cable digitalisation will open opportunities for niche content. Its Chairman, Mr Subash Chandra, says that restructuring is part of larger expansion plans. He adds that the planned restructuring will bring more focus ... More

EDUCATION

Tech fest at IIT-M
Some 700-800 footfalls are expected at Mechanica 2006, the annual technical festival of the Mechanical Engineering Department of IIT-Madras, according to the department head, Prof S. Srinivasa Murthy. Scheduled to be held from ... More

Visvesvaraya varsity completes 1,000th class
Visvesvaraya Technological University (VTU), Karnataka, the first university to implement EDUSAT satellite-based e-classes for technical education, has completed 1,000 lectures. A special panel discussion was organised at the DSERT Campus, ... More

REAL ESTATE & CONSTRUCTION

DSK Developers eyeing Hyderabad
DS Kulkarni Developers Ltd, the Pune-based housing construction company, is eyeing Hyderabad for its first township venture. The Chairman and Managing Director, Mr D.S. Kulkarni, told presspersons here on Friday that the company had begun the ... More

INDUSTRY ASSOCIATIONS

New Chairman of CII (Andhra)
Dr G. Vivekanand, Managing Director of Visaka Industries Ltd, is the new Chairman of Confederation of Indian Industry (CII), Andhra Pradesh for the year 2006 - 2007. Dr Vivekanand was elected at the annual general meeting ... More

CINEMA

`CPTs would boost audiovisual sector'
Access to international financing, location, expertise and a wider audience would be among benefits of bi-lateral co-production treaties (CPT), the FICCI-Amarchand Mangaldas Lawbook said in a report. The cost-competitive ... More

FOREIGN DIRECT INVESTMENT

Rubber dealers oppose FDI in processing
`Move will hit growers' More

RURAL DEVELOPMENT

Nabard sanctions Rs 19.69 cr for Kerala
The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 19.69 crore to Kerala under the Rural Infrastructure Development Fund (RIDF). The bank sanctioned the assistance under RIDF- XI (2005-06) after appraising the ... More

EVENTS

London woos investors
The Lord Mayor of London, Mr Alderman David Brewer, who represents the global financial services industry based in the City of London, will be in Hyderabad on Monday 27 to inaugurate and address a seminar on `The City of London: Your Gateway to ... More

2-day meet on `intellectual capital'
A two-day southern regional conference of the National Institute of Personnel Management (NIPM) will be held on the topic `Nurturing intellectual capital for organisational excellence' in Mangalore from March 27. A press release ... More

ENTREPRENEURSHIP

Rajshree Pathy awarded `Woman of the Year'
"I rebel against awards for the woman entrepreneur," said Ms Rajshree Pathy, Chairman and Managing Director, Rajshree Group of companies. When the balance sheet does not provide for gender performance, why should there be an award for a woman ... More

EXPORTS & IMPORTS

Target Plus scheme may be buried after March 31
Revenue leakage of Rs 4,000-7,000 crore More

ECGC unveils scheme to provide credit risk cover
To cover projects not enjoying reinsurance facility in India More

DEPB scheme extended by a year
The Cabinet Committee on Economic Affairs (CCEA) has extended the validity of the duty entitlement passbook (DEPB) scheme by a year. Exports effected up to March 31, 2007 will now be eligible for duty neutralisation benefits under the ... More

Zenith Computers sees Rs 100-cr export sales
Notebooks see good demand More

TOURISM

CII meet calls to boost medical tourism in Kerala
Kerala becoming ideal health tourism destination, say experts More

Holidays in Australia just clicks away
With tourism from India a growing market, Australia is all set to introduce the electronic tourist visa, e676, which will enable Indians to obtain their visas online. A press release, quoting the Australian Minister for Immigration and ... More