The Hindu Business Line : Thursday, May 04, 2006

Beating a plateau
Deposits in Non-Resident (External) Rupee Accounts, also known as NR(E)RA, stood at $21,291 million, according to the April 2006 Bulletin from the Reserve Bank of India. In 2000, the amount was $6,758 million. This grew gradually ... More

More banks hike NRE rates
Federal Bank, Dhanalakshmi Bank and Lord Krishna Bank have raised interest rates on NRE deposits of various maturities.The interest rates on deposits of one to two years tenure is 6.33 per cent (6.30 per cent), on two to three ... More

ECONOMY

Petro price hike likely by third week
No decision yet on quantum of increase More

ADB plans to double aid to India
The Asian Development Bank (ADB) has decided to more than double its financial assistance to India to over $2.6 billion by 2008 from the current level of around $1.3 billion, according to the ADB President, Mr Haruhiko Kuroda. The decision is ... More

Consumer price index up in Kerala
More

SpiceJet to add more flights
Low-cost airline SpiceJet that inducted its sixth Boeing 737-800 aircraft, is to introduce a new flight on the Delhi-Hyderabad-Chennai sector soon. From May 10, when the newly inducted aircraft becomes operational, the airline ... More

`AP to look at ADB funds at appropriate time'
Ministers pitch in to explain the benefits of hosting meet More

HEALTH

`Increase budgetary support for healthcare'
`Contribution of NGOs to service delivery negligible' More

INFRASTRUCTURE

Toilets or TV sets — A tale of distorted priorities
Even in a reasonably `developed' State like Tamil Nadu, the demand, and promise, is not for public conveniences. More

PETROLEUM

RBI watching oil prices: Reddy
The Reserve Bank of India has said that it is carefully watching the oil prices. Talking to reporters on the sidelines of the 39th Annual Meeting of ADB Board of Directors here on Wednesday, Dr Y.V. Reddy, the RBI Governor, ... More

Call for consensus on oil price revision
The Union Finance Minister, Mr P. Chidambaram, has stressed the need for evolving a political consensus to deal with the question of petrol and diesel price revision in the country. However, he conceded that a decision on increasing the price ... More

Petronet LNG may tie up with Australian company soon for LNG supply
The supply contract would be for 25 years and the price and mode of payment etc would be finalised during the next discussions More

IA fuel surcharge from May 4
Indian Airlines is to levy a fuel surcharge of Rs 300 for all domestic travel from May 4. In a statement, the airline has said the surcharge would be applicable on all tickets issued or reissued on or after May 4. The surcharge ... More

POWER

Govt okays Badarpur unit transfer to NTPC
Transfer of power business valued at Rs 408 crore More

STEEL

Steel companies raise prices
To keep pace with rising HR prices globally More

SSI

SMERA to offer rating services for start-up companies
Pilot project later this year that would focus on some regions/ industry sectors More

PERSONAL PRODUCTS

Life on the margins
Modern retail trade believes it deserves better margins from supplier companies as it brings their brands better visibility and more profit. Pantaloon Retail makes a beginning. More

What they say
Opinion is mixed on whether retailers need higher margins. More

RADIO/TV

Wooing viewers
Channels are investing heavily in self-promotion on TV not just to draw eyeballs but also to build brand equity. More

Discovery Networks airs six-part football series
If Brazil is synonymous with football with the likes of magical Garincha, peerless Pele and dazzling Ronaldinho, it is not without a major reason— football is not just a sport there, it is part of their culture, a way of life. When ... More

EDUCATION

IIMC signs pact with Singapore varsity
For students, faculty exchange programmes More

REAL ESTATE & CONSTRUCTION

SSI to raise $100 m via bonds, GDRs
SSI Ltd plans to raise $ 100 million by way of foreign currency convertible bonds, Global Depository Receipts and American Depository Receipts to fund its expansion plans. The company plans to invest about Rs 500 crore in its subsidiaries. ... More

PRINTING

New CtP machine inaugurated
The Governor of Meghalaya, Mr M.M. Jacob, inaugurated the new Computer-to-Plate (CtP) machine installed at the St Joseph's Press here on Wednesday. Imported from Canada, the CtP Trendsetter system offers end-to-end automation in ... More

EVENTS

India Day to project $150-b opportunity
Will focus on avenues in FDI, public-pvt partnership More

EXPORTS & IMPORTS

Maagrita begins to export mangoes from AEZ
Plans to ship in containers to UK, France, Germany More

TOURISM

Bharat Darshan train to open up for domestic tourists
Train to start from Madurai and proceed to North More

STANDARDS & BENCHMARKS

Basel-II deadline likely to be extended
RBI favours freedom, flexibility in implementation More

ECONOMIC OFFENCES

Govt rejects industry's view on penalty for offences
Distinction between economic, criminal offences More

PEOPLE

Mahajan's death: An undeniable loss for BJP
Rajya Sabha member and Bharatiya Janata Party General Secretary Mr Pramod Mahajan, who succumbed to bullet injuries on Wednesday, was one of the BJP's most charismatic leaders. Known for his efficient management skills, oratorial abilities, ... More