The Hindu Business Line : Saturday, June 10, 2006

Keeping away the non-serious candidates
Are you a fresh graduate and applying for a job with an information technology company? Make sure you have Rs 100 or even Rs 1,000 in your pocket to pay the company as registration fee. Some of the small IT companies are collecting registration ... More

ECONOMY
`RBI move is to contain inflation'
The Finance Ministry said on Friday that the Reserve Bank of India's move to mark-up its key interest rates by 0.25 percentage points was aimed at keeping inflation under check. "This (RBI move) is a measure to keep inflation under control," ... More

States likely to see slippages in revenue deficit targets
Interest, debt servicing consume 15 pc of receipts More

ENVIRONMENT
Deloitte employees take to voluntary work
About 3,500 employees of Deloitte and India, participated in a major social work initiative and dedicated about 30,000 hours of voluntary service, touching about 30,000 lives. This is part of a social event Impact Day and is amongst a major ... More

PETROLEUM
Negotiations on between MRPL, Cairn for crude from Rajasthan
ONGC seeks concessions including, discount on price per barrel More

What the world pays for petrol
Those in Chennai pay about Rs 52 per litre of petrol. This translates to roughly $1.13, converting dollar at Rs 46. You may be curious to know what the world pays for petrol. Believe it or not, Venezuela pays $0.12 per gallon. To put it in ... More

Worth the trouble
COOKING GAS cylinders being carried by mules on the hill station of Matheran, 110 km from Mumbai. Motor vehicles are banned within the town limits of this lush green hill station that stands 800 metres above the sea ... More

PHARMACEUTICALS
Why drug companies talk India, but invest in China
Greater clarity needed on regulatory issues: KPMG report More

POWER
Railways bets big on electric traction to control fuel bill
For every loaded goods train moving 1,000 km on electric traction, it saves Rs 2 lakh. More

Lanco firms up Rs 15,000-cr capex for power
Restructures operations, plans to rope in strategic partners More

Orissa PSUs' jt venture to set up thermal plant
The Orissa Government on Friday announced that two State public sector undertakings will form a joint venture company for setting up a 2000 MW thermal power plant in the State. The proposal, which was cleared by the State Cabinet, said that ... More

Centre gives KSEB another 6 months for restructuring
State Power Minister's appeal granted More

TAXATION
Maharashtra eases fuel rate hike
State decides to forgo sales tax on price increase in petrol, diesel More

`No tax exemption for aircraft lease agreements'
Finance Ministry not for extension after April 1, 2007 More

Make all local taxes vatable: FICCI
With a view to making the manufacturing sector more competitive and help it achieve 12 per cent growth rate, the Federation of Indian Chambers of Commerce and Industy has suggested that all local taxes in the country such as octroi and entry tax ... More

TEXTILES
CII inks pact for textile investment in Kazakh SEZ
Slew of tax incentives for potential investors More

EDUCATION
SSN applies for deemed varsity status
SSN Institutions has applied for Deemed University status, which it expects to get in 2007. The group has planned to introduce the four-year Mechanical Engineering course next year. It has introduced Chemical Engineering ... More

Jindal Photo opens photo institute
Jindal Photo Ltd, marketers of Fujifilm in India, on Friday launched a photography training institute in Delhi. The `Academy of Photographic Excellence' will conduct a one-year diploma course apart from short-term weekend ... More

CARS
May car sales drive past bikes
Driven by high volumes registered by major carmakers including Maruti Udyog and Tata Motors, car sales growth in the domestic market outpaced motorcycle demand in May, jumping by almost 30 per cent. According to figures released by the Society ... More

TWO/THREE WHEELERS
Biggies swamp small 2-wheelers
Even as the top two-wheeler manufacturers - Hero Honda, TVS Motors and Bajaj Auto - rode the crest of an euphoric market on Friday, companies such as Majestic Auto and Scooters India remained laggards. Apart from the broad market high, ... More

REAL ESTATE & CONSTRUCTION
Chandigarh land: Parsvnath outbids DLF
Real estate developer Parsvnath on Fridayclinched a 123-acre land deal in Chandigarh for Rs 821 crore, outbidding DLF Universal Ltd. "We have won the 123-acre land deal in Chandigarh in a public private partnership project. In addition to Rs ... More

PAPER, BOARD & NEWSPRINT
Orient Paper Mills bags eco award
Orient Paper Mills (OPM) of the CK-GP Birla Group has been declared the winner of "Golden Peacock Environment Management Award" for 2006 by the World Environment Foundation (WEF), which is one of the leading non-profit, non-governmental ... More

CINEMA
Mid Valley plans to invest Rs 300 cr in movies, multiplexes
The Chennai-based Mid Valley Entertainment, a corporate entity that produces and distributes movies, plans to invest up to Rs 300 crore to make movies, buy cinema theatres, and set up television channels in the country. The Chairman, Mr K.K. ... More

FOREIGN DIRECT INVESTMENT
`India's image as FDI destination needs change'
More

RURAL DEVELOPMENT
MFIs with more fee-based income do better: Crisil
More effective reach, says study More

E-COMMERCE & E-BUSINESS
Corporates log on to Net banking
Internet banking for individuals has been around for years; free of cost, and not only to high net worth individuals. Tens of thousands of people across the country routinely log on to the Net one or more times a day to check out balances ... More

INCOME TAX
Out of Form
Taxpayers and professionals have criticised Form 2F as burden thrust on assessees. The Revenue Secretary has disclosed that the Revenue Department has an "open mind" on the issue for the next assessment year. Before this statement was made, news ... More