The Hindu Business Line : Saturday, May 20, 2006

Indiapost plans `anytime banking'
Indiapost plans to introduce "anywhere, anytime banking" and bring all facilities provided by the post offices, such as banking, insurance, distribution and retailing services under one roof. Mr U. Srinivasa Raghavan, Secretary ... More

FOOD & DAIRY PRODUCTS

Ministry rules out excise waiver on biscuits
No change in duty structure More

FOREIGN TRADE

Boost ties with Poland: Kamal Nath
Seeking greater economic engagement with Poland, the Commerce and Industry Minister, Mr Kamal Nath, has said that India sees Poland as the gateway to Eastern Europe. Mr Kamal Nath, who is currently on an official visit to Poland, ... More

PSU

CCEA okays Rs 141 cr support for 15 PSUs
The Cabinet Committee on Economic Affairs (CCEA) today approved providing non-Plan budgetary support of Rs 140.31 crore towards liquidating outstanding statutory dues of the employees in 15 public sector units, the Minister for Information and ... More

PETROLEUM

Aban Loyd to buy 52 pc in Indonesian co
Aban Loyd Chiles Offshore Ltd has informed the stock exchanges that it has commenced negotiations to acquire a 52 per cent stake in PT Apexindo Pratama Duta Tbk of Indonesia. PT Apexindo Pratama is an onshore and offshore drilling company. It ... More

ONGC-Mittal combine wins 2 blocks in Nigeria
ONGC Mittal Energy Ltd (OMEL), the joint venture between Oil and Natural Gas Corporation and L.N. Mittal Group company, has won two oil blocks in Nigeria under a mini bid round. ONGC-Mittal combine has won blocks 209 and 212 in Nigeria's ... More

POWER

ABB, IIT Delhi sign pact
ABB in India and Indian Institute of Technology, Delhi (IITD) have signed a memorandum of understanding (MoU) towards furthering research and development efforts in power and automation technologies. The MoU would also facilitate ... More

Kothagudem 500 MW unit gets coal linkage
"As per the arrangement, it has been agreed to supply 2.5 mt of coal per year from Talcher. With all other facilities such as infrastructure and water supply in place, the project would be taken up soon. " Bid to supply 24-hour power for do mestic consumers More

NHPC takes up rural electrification
National Hydroelectric Power Corporation (NHPC) on Friday said it has taken up rural electrification projects in West Bengal, Bihar, Jammu and Kasmir, Orissa and Chhattisgarh. The State-run company, which is primarily ... More

STEEL

Manmohan to visit Vizag Steel Plant today
To lay foundation stone for Rs 8,692-cr expansion project More

EDUCATION

Two-day engineering workshop in Coimbatore
The Department of Mechanical Engineering, Government College of Technology is organising a two-day National Workshop on `Application of ANSYS for global product design' on May 20 and 21. The workshop, organised in collaboration ... More

Indo-German advanced tech institute
The Chief Minister, Dr. Y.S. Rajasekhara Reddy, will be laying the foundation stone for the building of the Indo-German Institute of Advanced Technology in the industrial estate here on Saturday. The institute offers job-oriented ... More

FOODS & FOOD PROCESSING

ICCI to organise meet on food safety audit at Kochi
The Indian Chamber of Commerce and Industry (ICCI) is organising a meeting here on May 22 on food safety audit. Ms Serene Tay Shau Yin, Head, Food and Biological Testing Department and Ms Chitra Radhakrishnan, Food Safety Consultant of Setsco ... More

GEMS & JEWELLERY

Orra sells gold at fixed price
With the rather relentless rise in gold prices, a fixed price for gold jewellery must come as a pleasant shock to all customers hoping against hope to somehow indulge in a little excess. The jewellery brand Orra says it's been quoting a fixed ... More

INDUSTRY ASSOCIATIONS

CII welcomes amendments to Cos Act
The President of the Confederation of Indian Industry (CII), Mr R Seshasayee, welcomed the amendments to the Companies Act, 1956 moved by the Ministry of Company Affairs, Government of India (MCA) to support implementation of the ... More

Cetma against licence fee on TV
Expressing concern over reports in a section of the press regarding the Government mulling levy of licence fee on each television set at the manufacturing stage to boost the financial health of ... More

SCIENCE & TECHNOLOGY

Geospatial industry poised for growth
Geospatial services has created lot of jobs More

MINING & QUARRYING

POSCO plant: US NGO keen on rehabilitation of affected families
The organisation has registered its Indian wing, International Watch Society, in New Delhi and opened an office in Bhubaneswar. More

FOREIGN DIRECT INVESTMENT

Gradualism, key to FDI in retail
The Government is being cautious about allowing FDI in retail. This is the way to go if the small local players are not to be uprooted wholesale. Opponents argue that the advent of retail giants will pose mammoth risks. Proponents say it will enh ance exports and create jobs. More

ENTREPRENEURSHIP

CIMAP organises training programme in Hyderabad
The Resource Centre of the Central Lucknow-based Central Institute of Medicinal and Aromatic Plants (CIMAP), here is organising a training programme on "Entrepreneurship development through medicinal and aromatic plant ... More

EXPORTS & IMPORTS

Mango exports: Expert for region-wise plans
India can boast of rich mango varieties it produces. But these varieties may not go well with people in other countries alike, says Dr M.V. Rao, former Director-General Grade scientist of the Indian Council of Agricultural Research ... More