The Hindu Business Line : Friday, January 19, 2007

AWARDS & HONOURS
TOLIC wins award for promoting Hindi
The Thiruvananthapuram Banks Town Official Language Implementation Committee (TOLIC) has been awarded `regional official language' award for promoting the use of Hindi in 2005-06. The award was handed over by the Minister of State for Home ... More

BUDGET
Govt working on incentive package for chips sector
$100-b investments projected to flow in More

COURTS/LEGAL ISSUES
UnitedLex opens centre
US-based legal process outsourcing firm UnitedLex today launched its first offshore delivery centre in India, to serve its clients in North America and Europe and said that it would employ 500 people in the next three years. The centre at ... More

ECONOMY
CII to push for inclusive growth
Will work in re-shaping WTO More

ENGINEERING
Kamal Nath seeks investments in machine tool sector
To help India achieve 10% GDP growth rate More

FOREIGN TRADE
`Globalisation is driving factor'
India, EU must accept reforms and changes: Medgyessy More

European bank signs pact to offer expertise
The European Bank for Reconstruction and Development (EBRD) and the Confederation of Indian Industry (CII) on Thursday signed a memorandum of understanding to "cooperate in tapping synergies in various spheres of activities," at the CII ... More

Japanese companies keen to invest in Rajasthan
The Ambassador also indicated that Japan was keen on having a port for exporting cars made by its companies. More

INFRASTRUCTURE
`Meeting of industry, farmers, Govt needed to sort out SEZ issues'
Industry chamber Assocham has asked the Prime Minister, Dr Manmohan Singh, to convene a meeting of representatives of industry, farmers and State and Central Government officials to sort out issues relating to SEZs. Addressing a conference ... More

PETROLEUM
Lanka offers oil block to India
Sri Lanka has offered an oil exploration block to India in Mannar near Cauvery basin. "Out of eight exploration blocks identified, we have given one block to the Indian Government on nomination basis and another to Chinese Government. The ... More

ONGC confirms oil finds in KG and Mahanadi basins
The exploration and production major, Oil and Natural Gas Corp (ONGC) has confirmed striking natural gas in Krishna Godavari basin off the Andhra Pradesh coast and Mahanadi basin off Orissa coast. "I can confirm a huge gas find in ultra deepwater ... More

Indian crude basket falls below $50/bbl
The Indian crude oil basket hit a new low in the current fiscal on January 17, falling to $49.85 a barrel on Wednesday, a dip of almost 75 cents from the previous day. This was for the first time since April 2006 that the Indian basket fell below ... More

IOC to transport petro products on East, West coasts
Estimates 20-22 vessels required for the purpose More

POWER
Dabhol power at below Rs 3 per unit likely from June
Pricing mechanism to pool cheaper and more expensive supplies More

PFC public issue opens on Jan 31
The Power Finance Corporation (PFC) has fixed a price band of Rs 73 to Rs 85 for its proposed initial public offering. The company is offering 11.73 crore equity shares of Rs 10 each to the public, through a 100 per cent book building process. ... More

TEXTILES
Textile cos gear up to ride retail boom
Buoyant global market, cap on China adds vigour to expansion plans More

CCEA nod to 4 more integrated textile parks
The Cabinet Committee on Economic Affairs (CCEA) on Thursday accorded its approval for enhancing the number of the 26 existing Scheme for Integrated Textile Parks (SITPs) to 30 during the current Tenth Plan period itself, which is scheduled to ... More

SSI
HDFC Bank business card for SMEs
HDFC Bank has, in association with MasterCard International, launched `HDFC Bank Gold Business Card' for the self-employed and small and medium enterprises (SMEs) in Coimbatore. It will have a credit limit of Rs 10 lakh and ... More

EDUCATION
Reforms sought in education sector
Mr Sam Pitroda, Chairman of National Knowledge Commission, has appealed to the business community to persuade policy markers to fully open up the education sector. The Commission has submitted its recommendations to the Prime Minister on the ... More

Columbia biz school to team up with IIM-A
To focus on exchange programmes More

GEMS & JEWELLERY
Two firms shortlisted for Kochi gem park
Kinfra, World Gold Council seek private participation More

REAL ESTATE & CONSTRUCTION
Interior decorators see huge opportunity
Interior decorators in Kolkata are hopeful of generating business to the tune of Rs 170 crore in the current calendar year. The construction boom in the city would see the creation of about 30 lakh square feet of built-up space this ... More

LEATHER
Bhartiya plans leather park in Nellore
Bhartiya International Ltd (BIL), a New Delhi-based group of entrepreneurs engaged in export of leather products, has proposed to establish a leather park in Nellore district of Andhra Pradesh. The park would be developed as a Special Economic ... More

PAINTS
Paints sector seeks higher excise benefit
The paints sector has urged the Finance Ministry to raise the excise abatement incentive for paints sold at maximum retail price (MRP) to 50 per cent from 40 per cent. Speaking to newspersons at a curtain raiser to the three-day 23rd Indian ... More

HUMAN RESOURCES
`Knowledge network will enable resource sharing'
Pitroda calls for drastic changes in education More

EVENTS
Ericsson plans to invest $500 m over 5 years
Ericsson on Thursday said that it would invest $100 million annually over the next five years in India in a bid to address the huge demand for telecom gear. "We will be investing $100 million annually for the next five years. The figure could ... More

`CEOs conduct key for success'
The conduct of CEOs and the values and ethics they stand for will ensure the long-term success of a company, said Mr N.R. Narayana Murthy, Chief Mentor, Infosys Technologies Ltd, on Wednesday. Mr Murthy, speaking at the ... More

Conclave on public-pvt partnership
The Madras Management Association and Hyderabad Management Association (HMA) will jointly organise a Regional Conclave on the "Role of Public-Private Partnership in the Development of South India" here on January 20. The ... More

EXPORTS & IMPORTS
`Duty-free maize imports not to hit farmers'
Domestic supply alone cannot meet feed industry's demand, says SKM chief More

`Production Possibility Frontier theory must be implemented'
The Production Possibility Frontier theory needs to be implemented in the country to improve the well-being of Indians, according to Mr G. Giridhar Prabhu, Proprietor of Achal Industries, Mangalore. Delivering a lecture on `Export management', ... More

ALTERNATIVE MEDICINES
Sodium blocker tech helps to make tsunami-hit soil cultivable
ICRISAT's interaction with US co opened up new opportunities for application of the technology. More