Business Daily from THE HINDU group of publications
Saturday, January 13, 2007
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INDUSTRY & ECONOMY

EMPLOYMENT
ClickJobs.com scaling up TV campaign
Are you so content with life that you don't want to find out if there's something that could make you happier? If yes, prepare to be disturbed, because there's somebody coming along to shake you out of your complacence! As Hari Sadu to Naukri, ... More

NRIS
Star Health policy targets Gulf NRIs
No age limit for cover for parents More

NON-CONVENTIONAL ENERGY
COMMODITY COMMENTARY
Fall in crude prices may affect bio-fuel industry
Vegetable oils may witness a major price correction More

SOCIAL SECURITY
Madras HC stays show-cause notice on PF arrears
Notice `arbitrary', says firm's counsel More

AUTOMOBILES
SIAM wants uniform 16% excise rate for passenger vehicles
Says import duty must not go below 12.15 per cent More

CEMENT
Cement: On price increase hopes
Given the strong demand and limited capacity addition in FY-07, analysts predict cement prices to further increase by Rs 3-5 per bag in the fourth quarter of FY-07. Though despatches of the majors have shown a lacklustre performance in ... More

ECONOMY
Industrial output grows 14.4 pc in Nov
Manufacturing, mining post growth More

`Vibrant Gujarat' signs 104 MoUs worth Rs 2.5 lakh cr
To create 6.55 lakh jobs in the State More

`Inflation a concern, but within expectations'
The Union Finance Minister, Mr P. Chidambaram, said on Friday that inflation was a "concern" even as he maintained that it was in line with expectations. Breaching the upper limit of the Reserve Bank of India's projected 5-5.5 per cent range ... More

Forex reserves down $666 m
The foreign exchange reserves fell by $666 million for the week ended January 5, due to depletion in foreign currency assets. The forex kitty now stands at $176.585 billion. In the previous week, the reserves had surged by $1.018 billion to ... More

Enterprises, workers in unorganised sector on the rise in Kerala
In terms of the number of enterprises, Ernakulam district ranked first with 11 per cent of the total enterprises in the State, while Wayanad district came last with three per cent. More

$225-million World Bank loan for AP
The World Bank has approved a loan of $225 million to Andhra Pradesh to support the State's fiscal, administrative and service delivery reforms. The Board of Executive Directors of the Bank approved the new line of loan/credit. The Third ... More

ENVIRONMENT
Meet on waste management
`Waste not Asia', an international conference on ecologically sound waste management, will be held in the city from Monday. Organised by the Global Alliance for Incineration Alternatives, the conference will examine issues such as sustainable ... More

FOREIGN TRADE
India-Asean free trade pact to be delayed
Due to differences in dealing with tariff reductions More

CII, Portugal chamber in pact to promote trade
The strong ties between India and Portugal, which is due to take over the presidency of the European Union (EU), are likely to expedite the proposed Free Trade Agreement between India and the EU, the Minister for State for External Affairs, Mr ... More

INFRASTRUCTURE
Pipeline projects may get infrastructure status
This activity is as important as roads and rail lines: Chidambaram More

PETROLEUM
Govt may offer more onland blocks for exploration
Offer details for NELP-VII likely by April More

POWER
`Hydroelectric potential untapped'
India has asked the global community to recognise hydroelectric projects, both run-of-river and storage, as all the projects used renewable source, i.e., water, for generating power. Addressing an international workshop on R&D . More

CCEA clears Rampur hydel project
The Cabinet Committee on Economic Affairs on Thursday gave its approval for the setting up of 412 MW Rampur Hydroelectric project in Himachal Pradesh. The project is to be executed by Satluj Jal Vidyut Nigam Ltd at an ... More

SSI
`Indian, Malaysian SMEs should move closer'
The small and medium enterprises in India and Malaysia, which are important components of the economy of the two countries, should move closer to improve bilateral trade, according to Mr A. Sakthivel, Vice-President and Chairman, Federation of ... More

RADIO/TV
PCI chief's advice
It is not advisable to place the electronic media under the direct control of the Government, though there is a need to regulate its functioning, said Mr Justice G.N. Ray, Chairman of the Press Council of India. Participating in a ... More

EDUCATION
Innovation awards for a million students on the cards
INSPIRE programme receives Planning Commission approval More

IIM-K fest focuses on inclusive growth
The Indian Institute of Management-Kozhikode (IIM-K) is organising its annual management and cultural festival, Backwaters 2007 at its campus on January 12-14. From among a large number of contestants from various business schools across the ... More

`Education system must aim towards employability'
Emphasising the importance of "employability" of youth, the President, Mr A.P.J. Abdul Kalam, said that the education system must aim towards employability and ensure quality in education. There is a large gap in the availability of employable ... More

NIFT centre at Rae Bareilly
The Government has approved setting up an extension centre of the National Institute of Fashion Technology (NIFT) at Rae Bareilly, the Lok Sabha constituency of the Congress President and UPA Chairperson, Ms Sonia Gandhi. " The ... More

ELECTRICAL GOODS
Power transmission cos in limelight
Power transmission tower companies have reportedly been amongst the most active counters stocks in the power T&D space in the recent past. Analysts maintain that although sector valuations have expanded over the past 12 months, the sector ... More

GEMS & JEWELLERY
`Indian diamonds are world class'
Exports crossed $12 b in 2006 More

READYMADE GARMENTS
`Opportune moment for apparel sector'
With garment exports expected to increase at an average of 17-18 per cent and the domestic market at 11-12 percent, propelled by the penetration of organised retail and usage of credit cards, a window of opportunity has emerged for the Indian ... More

CINEMA
Govt to help develop film industry
The Ministry of Information & Broadcasting will take steps to develop the film industry and help increase its share in the global film market to five per cent in 2007 from the existing two per cent. Inaugurating the India chapter of the US-Asia . More

FOREIGN DIRECT INVESTMENT
`TN attracted maximum FDI in last six months'
Tamil Nadu has managed to attract maximum FDI in the last six months, said the Union Minister of State for Textiles, Mr E.V.K.S. Elangovan. When asked how much of this has gone to the textile industry, the Minister did not quantify, but ... More

Sun Direct TV seeks FIPB nod for 20% FDI
Sun Direct TV Pvt Ltd has applied to the Foreign Investment Promotion Board (FIPB) for permission to have 20 per cent foreign equity in the company. The company has licence to run a direct-to-home (DTH) satellite pay channel in the ... More

RURAL DEVELOPMENT
Paddy procurement: AP reaps gains, thanks to women SHGs
60 pc of total procurement made by SHGs More

EVENTS
IFMR management festival from Jan 21
The Institute of Financial Management and Research (IFMR) is organising its annual two-day management fest `Abhyudaya 2007' starting January 21. The theme for the fest is "See the Big Picture" and will include contests such as business plan, ... More

New HR push
COMING TOGETHER: (From left) Mr Shekhar Dutt, Defence Secretary; Mr Anil K. Agarwal, President, Assocham; and Lt. General Deepak Kapoor, at a national seminar on `Defence-industry partnership in human resource management' in the Capital on ... More

EXPORTS & IMPORTS
Maharashtra likely to gain from lifting of sugar ban
Tamil Nadu is the only other State from where exports are feasible More

Revenue Dept notifies timelines for 100% EOU activities
To cut down their transaction cost, lend transparency More

Move to help mills tide over current crisis
Piling stock, bumper crop and declining price levels had been worrying the Indian sugar mills due to ban on sugar exports. The Cabinet's decision on Thursday night to scrap the ban is now expected to bail out the industry from the crisis it ... More

OSI Systems bags award
OSI Systems Ltd has been given the award for being the top MNC exporter in electronic hardware sector for their medical probes division for the financial year 2005-06 by the Andhra Pradesh Government. A wholly owned subsidiary of ... More

TOURISM
Karnataka sprucing up tourist spots
3-day fair offers Bangaloreans one-stop opportunity More

BOOKS
Book Fair plea: Calcutta HC dismisses petition
The Calcutta High Court today dismissed the writ petition filed by the Publishers' & Book Sellers' Guild (Guild), seeking permission from the court to hold the 32nd Calcutta Book Fair at Kolkata Maidan. While dismissing the petition, filed as ... More






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Top Stories
SIAM wants uniform 16% excise rate for passenger vehicles

Revenue Dept notifies timelines for 100% EOU activities

Fall in crude prices may affect bio-fuel industry

Airlines plan more off-season cheap tickets

`Inflation a concern, but within expectations'

Forex reserves down $666 m

Maharashtra likely to gain from lifting of sugar ban

`Vibrant Gujarat' signs 104 MoUs worth Rs 2.5 lakh cr

Looking back
Dec. 31-Jan. 6
Well-regulated system must for enhancing investor confidence

Tasks for the year ahead

Demand for set-top boxes on the rise

No VAT dampener on Chennai New Year sales

Specialty coffee exports stage recovery

Rise in palm oil prices to hit FMCG cos

TRAI told to look into pricing for TV channels under DTH

Infrastructure clocks 9.5 per cent growth in Nov

Seasonal trends point to upside for crude, silver

`Decline in spices export volume not healthy'

NHPC outlines Rs 30,000-cr capex

PowerGrid seeks $2 b loans; plans IPO in April-May

RBI fiat on property evaluation

New hydroelectric power policy soon: Shinde

Tyre industry to import rubber to check prices

Sugar export ban to be fully lifted in 20 days: Pawar

ONGC to start spudding in another Mahanadi Block

Rlys plans to tackle land encroachment issues

Inflation trend on expected lines: Reddy

Sensitive items import up 8% in Apr-Nov

Govt depts to pay more tax on inter-State purchases



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