The Hindu Business Line : Saturday, May 06, 2006

Pre-monsoon heating on in western parts
Moderate heat wave conditions are seen building in parts of west India (Rajasthan and Gujarat) and northwest and central India over the next four days in what is a known pattern in the run-up to monsoon. An update from the National Centre for ... More

NRIS

Canara Bank hikes deposit rates
Canara Bank has revised upwards the interest rates applicable for FCNR (B), RFC and NRE term deposits across various maturities with effect from May 1. The new dollar rates in percentage figures (existing rates within ... More

ECONOMY

Deficit reduction on track: S&P
The recent outlook revision - to positive - reflects India's improved prospects of a stabilising debt burden based on greater efforts across all levels of Government to consolidate fiscal positions, according to an S&P release. It also ... More

Focus on fiscal consolidation: S&P
To bring deficits below 8 per cent level on sustained basis More

`Asian economies need to be alert'
Sharp interest rate adjustments likely More

ENVIRONMENT

JBIC, ICICI Bank in pact
The Japan Bank for International Cooperation (JBIC) on Friday signed a cooperation agreement with ICICI Bank for promoting clean development mechanism (CDM)-related projects in India. The agreement would promote CDM-related projects through ... More

FOREIGN TRADE

India aiming for Pan-Asian FTA: Manmohan
`It could be the future of the region, may open up new growth avenues' More

UK keen on boosting trade with India
The UK was the fourth largest investor in India during January-October 2005. More

INFRASTRUCTURE

Rocking the foundation
Removal of tax exemptions for ongoing projects is unfair More

PSU

Oil PSU officers threaten indefinite strike
The OSOA is seeking a hike in salary from the present entry level of Rs 20,000 per month to Rs 50,000 for management trainees. More

PETROLEUM

Ministry yet to decide on gas sales between Reliance cos
Reports of opposition `speculative, false' More

POWER

BHEL's power generating sets achieve record output
Power equipment major Bharat Heavy Electricals Ltd (BHEL) on Friday said its electricity generating sets produced a record 402.6 billion units during 2005-06, up five per cent over the previous year. Its thermal sets achieved a high plant load ... More

`Power plants may miss deadline'
The capacity expansion targets in as many as 47 power plants in the country may miss the 2007 deadline. The capacity addition achieved in these plants so far stands at 14,301 MW against the revised target of 32,778 MW in the ... More

TYRES

Tyre companies seek suspension of rubber exports
`Domestic production insufficient' More

RADIO/TV

More channels from Fox stable on DTH, CAS platforms
To tap new revenue streams; cross channel promos for programmes More

GEMS & JEWELLERY

Aerens Goldsouk to expand
Real estate developer, Aerens Goldsouk International Ltd, will be expanding its jewellery mall Gold Souk by opening 100 malls in 100 cities in India and overseas in the next 100 months. The company opened its first jewellery ... More

Jewellery show
A WOMAN looks at gold jewellery at Bombay Jewellers stall at the India International Jewellery (IIJS) 2006 Show being held in Mumbai from May 4 to 8. The show has been ranked amongst top five B2B Gem and Jewellery trade fair in the world. It ... More

REAL ESTATE & CONSTRUCTION

Realty market continues growth in Hyderabad
`Lack of ready-to-occupy properties only weakness' More

DISINVESTMENT

Balco valuation: Ministry to examine A-G report
The Ministry of Mines will take up the Attorney-General's (A-G) report on the valuation report of Balco prepared by SBI Capital Markets (SBI Caps) next week for examination. The report, submitted by SBI Caps in January this year, had come under ... More

SOCIAL WELFARE

Gangavaram port: Govt announces rehab package
Talks with fishermen fail again More

Tension at Gangavaram; leaders, fishermen arrested
There was tension at Gangavaram village again on Friday, as the State Government decided to get tough with the agitating fishermen in order to resume construction work at the port disrupted for a week due to the agitation. Several leaders ... More

EVENTS

National Tech Day celebrations
The Institution of Engineers (India) will observe National Technology Day on May 11 jointly with the Kerala State Council for Science, Technology and Environment (STEC) and Kinfra. A special function will be arranged at the ... More

ADB vows to set up training centre
The Asian Development Bank (ADB) has responded positively to the Andhra Pradesh Government's appeal to set up a regional training centre in the State. "This topic has not previously been raised by the Government of India in the ... More

Right to information meet at Hyderabad
A national conference on Right To Information (RTI) is being organised here on Monday. Chief Information Commissioners of eight states besides Central Information Commissioners are expected to take part. Organised jointly by the ... More

Shutters down
NO WHOLESALE: Shops in the Koyambedu Market in Chennai remained closed on Friday for Traders Day.