The Hindu Business Line : Saturday, April 28, 2007

URBAN DEVELOPMENT
Panel for upgrading road traffic
The Tamil Nadu Government has constituted a committee to suggest measures for upgrading road traffic in Chennai, Madurai and Coimbatore. According to an official press release, the committee headed by the Chief Secretary, Mr ... More

AWARDS & HONOURS
PM stresses need for skilled labour force
The Prime Minister, Dr Manmohan Singh, on Friday presented the Shram Awards 2004 to 45 workers at the inaugural session of the 41st Indian Labour Conference. The awards were in recognition of their performances, innovative abilities, ... More

COURTS/LEGAL ISSUES
Toyota-Kirloskar expansion in Karnataka hits a bump
HC ruling on acquiring agricultural land for industry More

HC order on moving timber from Karnataka
The Madras High Court has directed Tamil Nadu Forest Department officials to issue requisite Form III document to timber merchants who want to transport silver oak timber logs from Karnataka to Tamil Nadu. The order effectively removes red tape ... More

ECONOMY
One face of the impossible trinity
The perceived irreconcilability of the three objectives — capital freedom, exchange rate maintenance and independence of monetary policy — disturbs some development economists. However, many believe emerging economies can manage them adro itly, says K. SUBRAMANIAN, explaining how the RBI views these challenges. More

ENVIRONMENT
Choking the ecosystem
SORRY STATE: Water hyacinth and floating aquatic plants are seen clogging Lake Hebbal in Bangalore. The lake was cleaned with the help of foreign funds a few years back. ... More

FOREIGN TRADE
Indo-Pak trade may top $1.5 b in 2006-07
Exports to Pakistan in April-December 2006 stood at $980.33 million, while imports amounted to $247.48 million. A business delegation led by Mr Muhammad Nasir Khan, President of the Islamabad Chamber of Commerce and Industry, called on Mr Kamal ... More

INFRASTRUCTURE
Lok Satta opposes Jindal project site
Lok Satta is opposed to setting up of industrial units, or special economic zones, in fertile agricultural lands, and only arid or semi-arid lands should be identified for the purpose, according to Dr N. Jayaprakash Narain, National ... More

PSU
NTPC, ONGC woo ex-employees
BACK TO THE FOLD More

PETROLEUM
IOC-IBP merger plan may be cleared soon
Ministry completes enquiry on investors' complaints More

PHARMACEUTICALS
Big players eyeing pharma SMEs
Ranbaxy inks pacts with 3 Hyderabad-based firms More

POWER
AP bid to streamline power supply
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, on Friday directed power utilities to ensure supply to both domestic and industrial consumers even if it meant additional financial burden for purchase of power from ... More

STEEL
SAIL plans SEZ in Salem, Rashtriya Ispat in Vizag
Public sector steel manufacturer Steel Authority of India Ltd (SAIL) is planning to set up an SEZ in the extra land adjacent to the company's stainless steel plant at Salem in Tamil Nadu, company sources told Business Line. The company ... More

POSCO-India officials begin meeting people directly for land acquisition
Apprising them about compensation packages, benefits of the project More

TEXTILES
Rupee appreciation may hit cotton textile exporters
India faces competition from Pakistan, Bangladesh More

SSI
`SMEs facing manpower shortage'
Shortage of manpower was a major problem affecting small and medium size enterprise (SMEs). And, poaching of trained employees by big companies was adding to the problems, according to Mr B.T. Bangera, Managing Director, Hitech Arai Ltd, a unit ... More

Cottage sector seeks industrial estates
TheCoimbatore District unit of the Tamil Nadu Association of Cottage and Micro Enterprises (TACT) has requested the Government to establish industrial estates in the peripheral areas of Coimbatore. It also wanted the Government to extend the ... More

BREWERIES
Karnataka woos wine industry with new initiatives
Thrust on boosting production More

EDUCATION
Govt clears way for admissions in IIMs
In a partial solution to the ongoing issue over reservations for OBCs in Centrally-funded colleges, the Government on Friday officially allowed admissions to those seats that existed last year. However, for seats that were created for the ... More

Knowledge Xchange being launched in Chennai
Knowledge Xchange, an independent and non-profit organisation, is being launched in Chennai. The `Xchange', founded by "a group of like-minded people", is expected to evolve new insights and models in the education system. The launch coincides ... More

Pantaloon, Pearl Academy join hands for retail course
To augment its talent resources, retail chain Pantaloon has joined hands with Pearl Academy of Fashion (PAF) for running a course in visual merchandising and retail experience management. PAF will conduct the six-months `Retail Experience ... More

GEMS & JEWELLERY
India bets on direct sourcing of diamonds
Long-term objective strategic & economic: Jairam Ramesh More

REAL ESTATE & CONSTRUCTION
KG Developers setting up gated community complex
The Chennai-based KG Developers and Promoters is setting up a gated community complex within the city. According to a release, the Rs 50-crore residential project, called KG Green Meadows, will have an oxygen parlour and amenities like jogging ... More

Merlin looking to invest nearly Rs 1,000 cr outside Bengal
To develop residential, commercial projects in next 18-24 months More

DISINVESTMENT
Govt may call bids for Maruti stake sale
The Government is likely to soon call for financial bids for sale of its residual stake in Maruti Udyog Ltd. Official sources indicated that the transaction is likely to be completed by May. "Expressions of interest have reached us. The ... More

HUMAN RESOURCES
Reliance Retail establishing manpower training centre
Expects to need 20,000 sales staff in TN More

EVENTS
Seminar on SEZ planning
The Andhra Pradesh regional chapter of the Institute of Town Planners of India (ITPI) is holding a one-day seminar here on Saturday on planning issues related to SEZs, especially with reference to cities having more than a million people. At a ... More

ENTREPRENEURSHIP
YEO founder visiting India next month
The founder of the Young Entrepreneurs Organisation (YEO) and management expert Mr Verne Harnish will hold a series of special management programmes for executives in India during next month. An author, founder and CEO of Gazelles Inc, an ... More

ECONOMIC OFFENCES
SEBI bars 7 brokers from share debut trading
`Manipulators place abnormally large orders to rig price' More

PEOPLE
J.J. Irani is IIM Lucknow Chairman
The Ministry of Human Resource Development has appointed Dr Jamshed J. Irani, Director, Tata Sons Ltd, as Chairman, IIM Society and Board of Governors of IIM, Lucknow for a period of five years. ... More