The Hindu Business Line : Thursday, April 27, 2006

Lankan operations unaffected: IOC
The recent turmoil in Sri Lanka has not affected the operations of Lanka IOC (LIOC), Indian Oil Corporation's subsidiary in that country. According to senior Indian Oil officials, all the facilities of the company are safe, including the oil ... More

Petroleum product sales growth flat in 2005-06
It is a curious phenomenon. The economy may be galloping away at over 8 per cent but petroleum product consumption growth is flat as a highway. Sales of petroleum products, at 94.57 million tonnes, fell by 0.8 per cent during 2005-06 compared ... More

Qatar to consider India's request for more LNG
To meet fuel needs of Ratnagiri Gas on an interim basis More

CLIMATE & WEATHER

It's Cyclone Mala, likely to head for Myanmar coast
Tuesday's depression over the South-East Bay metamorphosed into Tropical Cyclone Mala overnight and lay centred at 10.8N and 90.8E (around the Karaikkudi latitude) on Wednesday afternoon. Cyclone Mala had an estimated central pressure of 991 ... More

PENSION PLANS

Pension, a ticking time-bomb?
Global pension accounting standards are fairly incomprehensible More

AUTOMOBILES

Auto show in Coimbatore
The Coimbatore City Round Table 31 (CCRT 31) is organising an Auto Show at the Codissia trade fair complex from April 29-May 1 to raise funds for Round Table India's national project `Freedom through education' that helps in the construction of ... More

ENGINEERING

Pump industry may hike prices
As part of its efforts to ride out the impact of increase in the raw materials cost, the pump industry in Coimbatore is looking at increasing product prices to stay afloat. While the industry representatives concede that any upward revision in ... More

ENVIRONMENT

FICCI launches CDM programme
Towards achieving sustainable development in the country, the Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its national programme on clean development mechanism (CDM). The programme has been launched in ... More

HEALTH

Tie-up for liver transplants
City-based Global Hospitals specialising in organ transplants, has signed a memorandum of understanding with a globally recognised living donor liver transplant expert from Japan. Prof Koichi Tanaka, Director of the Institute of Bio-Medical ... More

HOTELS

Chancery opens new five-star hotel
Offers facilities for `long stay guests' More

POWER

`Power utilities need States' administrative support'
The PHD Chamber of Commerce and Industry has urged the State Governments to provide administrative support to power utilities to effectively tackle power theft. Bridging the gap between demand and supply of power is essential to give fillip to ... More

AP Govt waives surcharge on electricity arrears
Bonanza to domestic consumers using less than 100 units More

STEEL

Posco to invest $200 m this year
South Korean steel major Posco today said it would invest $200 million this year for its upcoming 12-million-tonne manufacturing plant in India. Moreover, the company was open to allotting preferential equity shares to the workers displaced by ... More

TERRORISM

Dikshit call for preparedness
To check possible chemical attacks by terrorists, the Chief Minister of Delhi, Ms Sheila Dixit, urged disaster management agencies to work out suitable strategies. While inaugurating a national workshop on `Chemical and Industrial Disaster ... More

RADIO/TV

TV18's Awaaz hopes to break even soon
More interactive programmes on cards More

EDUCATION

Great Lakes signs pact with IIT-M
The Great Lakes Institute of Management has signed an agreement with the Indian Institute of Technology (IIT) Madras for joint educational cooperation. According to a press release, the MoU will encompass joint work among faculty and students. ... More

NIFE tie-up for safety courses
The Kochi-based National Institute of Fire Engineering (NIFE), offering diploma in fire and safety engineering, has tied up with OSHA (Occupational Safety and Health Administration) and WSO (World Safety Organisation) to enhance ... More

Nitte infrastructure initiative
The Udupi-based Nitte Education Trust (NET), which runs a host of professional and management education institutions, is planning to invest around Rs 20 crore during 2006-08 to improve infrastructure in its various campuses. The ... More

White coat protest
FOR NEW REMEDY: Medical students under the forum `Youth for Equality' protesting in the Capital on Wednesday. Delhi police lobbed tear gas shells and used water canons to disperse hundreds of students of five premier medical colleges who staged a ... More

Students going abroad can get medical cover here `at better rates'
Insurers tie up with travel agents, counsellors, banks, money changers More

AUTOMOBILE COMPONENTS

Volvo to increase sourcing components
India is single sourcing base for Volvo tippers sold in Korea More

FOODS & FOOD PROCESSING

The opportunity in green
A host of corporates are getting into agri-business as it will ease their foray into food retail. The priority accorded to the food-processing sector in the Union Budget this year will also fuel the interest. More

Export potential
International retailers have increased sourcing processed food from India. More

GEMS & JEWELLERY

2 new jewellery training centres on anvil
To help the jewellery sector brace up to manpower requirements for forward integration, the Gems and Jewellery Export Promotion Council (GJEPC) is setting up institutes for providing training in jewellery designing and manufacture. To be called ... More

REAL ESTATE & CONSTRUCTION

Property developers' meet in Hong Kong
To stimulate biz opportunities in Asia-Pacific region More

DISINVESTMENT

Balco residual stake sale after CCEA okays valuation
The sale of residual stake in Balco to the strategic partner Sterlite Industries will have to wait till the Cabinet Committee on Economic Affairs (CCEA) approves the valuation report prepared by SBI Caps. In its report submitted in January, ... More

WTO

WTO trade policy review: An insight into China's reforms
The industry share accounts for over 40 per cent of GDP in 2005 More

SOCIAL WELFARE

For efficiency-enhancing subsidies
Designed appropriately, subsidies do not have to distort the economy. Consumers will buy more of a product sold at a low price even if the last units consumed have a correspondingly low value to them. By giving consumers cash instead of subsidised p roducts, the government can deliver more value to low-income households while reducing the financial loss of subsidies — a win-win for all, say ROGER NOLL and T. N. SRINIVASAN. More

EVENTS

Floating book fair to visit Vizag
Doulos, the oldest passenger ship in the world that holds the largest floating book fair, will arrive here on May 11 and the book fair will be open to the public from May 12 to May 25. At a press meet here on Wednesday, Mr Sandi ... More

INCOME TAX

Revised target in direct taxes may be missed
The Centre may miss the revised estimate target for direct tax collections for 2005-06 by about Rs 4,000-Rs 5,000 crore, primarily on account of lower than anticipated advance tax collections from companies in sectors such as banking and ... More

TOURISM

KIMS to focus on medical tourism
As part of its ongoing expansion project, the city's Kerala Institute of Medical Sciences (KIMS) hospital is looking at increasing its focus on medical tourism. The hospital will soon have a floor exclusively for medical tourists, said Dr M.I. ... More

ECONOMIC OFFENCES

How opaque Kumar got kicked, got wild, and got a lifer
Was Kumar `more a reformer than a wrongdoer' as his defence used to say in 2004? Is he a scapegoat? More