The Hindu Business Line : Thursday, November 09, 2006

NRIS
Karnataka Bank hikes NRE rates
Karnataka Bank Ltd has increased interest rates on its NRE and FCNR (B) deposit schemes with effect from November 1. A bank release said here on Wednesday that the interest rate on NRE deposits has been revised to 6.34 per cent (6.3 per cent) ... More

NON-CONVENTIONAL ENERGY
GE Energy in talks with Indian cos to set up N-plants
Open to setting up new plants or participating in expansion More

SOCIAL SECURITY
The monk who is sold on PF reforms
NEW SERMON More

ECONOMY
On liquidity and interest rates
There could be a shortage of liquidity in the coming months, given the credit explosion and the Finance Minister cutting Government expenditure to reach his deficit goal. More

TN sets up special task force on industry
The Tamil Nadu Government has constituted a Special Task Force headed by the Chief Minister, Mr M. Karunanidhi, to tackle industry issues and encourage industrial growth, according to an official press release. The task force includes the Chief ... More

HEALTH
Wipro unveils programme for US health plans
Wipro Technologies and HealthSciences Institute on Wednesday announced the launch of "Accelerated Practice Improvement'' service for the US health plans market. The service is designed to assist health plans in the US and implement ... More

HOTELS
Onset of tourism season spurs hotel stocks
EIH, Hotel Leela Ventures log good returns post stock splits and bonus issues More

PETROLEUM
Mukesh Ambani calls for convergent energy view
RIL, ONGC to set up school for geophysicists More

Policy support for energy security must : IEA
Report unveiled alternative policy scenario More

`Rajasthan oil fields have immense potential'
Dr Mike Watts of Cairns Energy today said that Rajasthan oil fields have immense potential and the State is witness to some of the largest oil discoveries in the world since 1985. Speaking at an international meeting hosted by the Association ... More

IOC, Kochi port in talks for LPG importing facility
`Logistical bottlenecks in sourcing it from Mangalore terminal' More

POWER
India, Nepal to co-operate in hydropower sector
India and Nepal have expressed their eagerness to cooperate in the development of Nepal's hydroelectric potential. At a luncheon meeting in honour of the Deputy Prime Minister and Minister of Foreign Affairs of Nepal, Mr K.P. Sharma Oli, ... More

TAXATION
China hikes tax on export of metals, oil
China has initiated a slew of fiscal measures to ensure that no unregulated flow of additional investment in energy-intensive sectors takes place. The country is clearly concerned over huge increases in energy consumption following significant ... More

MAIT seeks central sales tax removal
Submits proposals to Govt to make sector competitive More

36.5 pc rise in net direct tax mop-up
The Centre's net direct tax collections have surged 36.5 per cent during April 1-November 3 to Rs 93,836 crore, as compared to collections of Rs 68,739 crore in the same period last year. Gross direct tax collections for the period under review ... More

I-T raids on Hawai chappal unit
Officials of the Investigation Wing of the Income-tax department, Kolkata, in a search and seizure operation carried out recently on one of the leading manufacturers of shoes and Hawai chappals in the city, have unearthed cash of ... More

TEXTILES
Govt raises bar on textile exports
`Industry aiming at $31-b investments by 2010' More

SSI
Oracle to extend CRM to small, medium businesses
Bullish on growth in Asia-Pacific and India More

RADIO/TV
Nick appoints NDTV Media
Kids channel Nick has announced the appointment of NDTV Media Ltd as its exclusive advertising sales agency in India. As part of the agreement, NDTV Media Ltd would be responsible for selling the airtime on Nick — ... More

AP cable operators seek simplified tax regime
Plea to introduce single-window system More

EDUCATION
Will CAT throw up surprises this year too?
Will CAT stump students again this year? Nearly 2.25 lakh students, all set to take the Common Admission Test on Sunday next (November 19) to enter the country's premier business schools, are expecting some `surprises' in the qualifying exam, ... More

Management fest at Rajagiri
Rajagiri School of Management is organising its two-day management fest, Inflore '06, on November 9 and 10. The fest is intended to cater to student audiences from across South India, with participation expected from management and engineering ... More

REAL ESTATE & CONSTRUCTION
Kanoos to invest Rs 200 crore
The Kochi-based Kanoos Business India Pvt Ltd has proposed to invest around Rs 200 crore in Kerala in the real estate development business over a period of two years. The group range of portfolio included residential, ... More

BIO-TECH & GENETICS
AP puts on hold nod for sale of Bollgard-II
Seeks economic viability report from GEAC More

SCIENCE & TECHNOLOGY
Penrose enthrals Kolkata's science elite
Sir Roger Penrose, the English mathematical physicist who has made a seminal contribution to `General relativity and Cosmology', enthralled the science elite of Kolkata on Tuesday with his public lecture on `Beyond the Big Bang', organised by the ... More

MINING & QUARRYING
Mining expo likely to generate Rs 1,000-cr biz
The 8th International Mining and Machinery Exhibition (IMME), which would be held here from November 22 to 25, may generate business worth Rs 1,000 crore, according to the principal organiser the Confederation of Indian Industries.Mr V.R.S. ... More

TRADING
Sealing drive
GOING BY RULES: Bangalore Mahanagara Palike employees along with officials sealing offices and shops operating out of houses during the sealing drive, which begin at Sadashivnagar on Wednesday. ... More

GENDER
Sad tales from Vrindavan
Tapasi is a human being and her story can be best said if it is human. The only moments Tapasi is left alone to wheel her imagination are when she is in school or at home. She never has anyone for company. Only misery tap dances with her. More

RURAL DEVELOPMENT
Rural Business Hub idea gets good response in AP
Two large agro-processing companies express interest More

HUMAN RESOURCES
RR Ind plans flight-training academy in Chennai
RR Industries is investing Rs 770 crore to set up a flight-training academy in Chennai, called Rudradev Aviation. Mr R. Ravi, CEO and Managing Director, RR Industries and Rudradev Aviation, said the company has tied up with the Paris-based ... More

EVENTS
Jute fair begins in Vizag
An exhibition of jute diversified products, organised by the Jute Manufactures Development Council (JMDC), was inaugurated in the Prahlada Kalyana Mandapam here on Wednesday by Mr N. Srikanth, the Municipal Commissioner. He ... More

On slow track
MR G.K. PILLAI, Commerce Secretary, flanked by Mr D. Raja (left), Secretary, National Council, CPI, and Mr Anil K. Agarwal, President, Assocham, at the International conclave on `Special economic zones: New growth propellers' in the Capital on ... More

Management meet
DC School of Management and Technology at Vagamon is organising a national level management meet `Luminance-2006' on November 10 and 11. About 500 students selected from leading business schools in the country will attend ... More

Seminar on TQM in education
CMS College, Kottayam, is organising a seminar on total quality management in higher education on November 10 and 11. The seminar is sponsored by National Assessment and Accreditation Council, Banglore, and co-sponsored by MG ... More

ENTREPRENEURSHIP
Entrepreneurial summit in Mumbai next month
TiE (The Indus Entrepreneurs), a global non-profit organisation, plans to host an entrepreneurial summit to celebrate the "spirit of Indian entrepreneurs", in Mumbai from December 17-19. Mr K.V. Kamath, Managing Director and CEO, ICICI Bank, ... More

EXPORTS & IMPORTS
Ports congestion hits oilmeal exports
Plea to allocate separate berth in Kandla for soyameal More

`No duty-free wheat imports after Dec 31'
The Union Agriculture Minister, Mr Sharad Pawar, has ruled out extending the facility for duty-free import of wheat by private traders and roller flourmills beyond December 31. "We are not going to allow import at zero duty beyond December 31," ... More

Decision soon on lifting sugar export ban: Pawar
`Sugar production is expected at around 227 lakh tonnes' More

NATURAL CALAMITIES
Tsunami assistance project launched in Kerala
Kerala takes up projects worth Rs 1,442 cr More

ECONOMIC OFFENCES
Blood test kits case
Ghanashyam Sarda, prime accused in the case pertaining to supply of defective blood test kits to blood banks, and former Managing Director of Monozyme India Ltd, the company involved, filed an application of bail before the ... More