The Hindu Business Line : Thursday, May 03, 2007

NRIS
Andhra Bank raises NRE rates
Andhra Bank has revised interest rates on Non-Resident External (NRE) term deposits with effect from May 1. On the deposits for one year and above but less than two years, the interest has been revised to 5.30 per cent from 5.22 ... More

COURTS/LEGAL ISSUES
Nandigram PIL matter adjourned
A Division Bench of the Calcutta High Court, comprising Chief Justice Mr S.S. Nijjar, and Mr Justice P.C. Ghose, on Wednesday adjourned the Nandigram related Public Interest Litigations matter till May 3.Several PILs have been filed condemning ... More

HC dismisses writ petition by forester
`Interference at stage of enquiry not possible' More

Goa Govt action against illegal structures on beaches
While appreciating the Government's action, in revoking unauthorised deck beds and umbrellas illegally put on the beaches, in order to provide free movement to citizens, a Division Bench of Mr Justice S.A. Bobde and Mr Justice N.A. Britto have ... More

Indo-US legal conference from May 4
A delegation comprising at least 12 leaders from the American legal profession is to visit New Delhi to participate in a three-day Indo-US legal conference beginning May 4. This conference would bring together legal experts from both the ... More

FOREIGN TRADE
Border trade with China resumes at Nathula
Marks start of second season of trade with China More

Swedish firms eye tie-up with BEL
Top Swedish firms are upbeat about forging business ties with Bharat Electronics Ltd in the Defence and civilian segments, BEL said in a release here. The Sweden Minister for Foreign Affairs, Mr Carl Bildt, who visited the defence electronics ... More

Russia aiming to treble bilateral trade with India
Russia is aiming at $10-billion bilateral trade with India by 2010, from the current level of $3.1 billion. The Russian Federation, in consultation with India, is drawing up a strategy to achieve the target, according to Mr Vyacheslav I. ... More

HEALTH
Govt in pact for developing AIDS vaccine
The Government has entered into an agreement with a leading global non-profit organisation, International AIDS Vaccine Initiative (IAVI), to work in the area of AIDS vaccines. A new Indian Medicinal Chemistry Programme, co-sponsored by IAVI ... More

Genie in flesh and blood greets ailing kids
The genie, the popular all-powerful slave-monster from the Arabian Nights, made an appearance at Apollo Hospitals and granted wishes to the children fighting life-threatening diseases. About 100 odd children couldn't believe their eyes when ... More

HOTELS
Bangalore hotels witnessing demand
1,000 rooms will be added by 2009 More

`Job-investment ratio highest in hospitality sector'
Bane is non-availability of quality workforce, says study More

INFRASTRUCTURE
Dabhol power for Maharashtra may be delayed
Impasse over gas pipeline in Surat More

Tirupur getting new convention centre
Trade and industry in the hosiery town of Tirupur, constantly confronted by a dearth in common utility infrastructure, can have some relief as a spacious exclusive convention centre with modern amenities suitable for holding business conclaves ... More

Work on Karur textile park will begin in two months
Construction work on the integrated textile park under the Central Government-aided scheme of integrated textile park (SITP) project being promoted in Karur is likely to be started in two months. "We expect the first instalment of upfront ... More

Kerala okays Sabarimala development plan
Kovalam Palace to be archaeological monument More

PETROLEUM
IOC losing Rs 80 cr daily on under-recoveries
Spurt in product prices may cushion losses More

Deora explores further ties with Iran in oil and gas sector
The Minister of Petroleum and Natural Gas, Mr Murali Deora, on the sidelines of the second Ministerial Energy Roundtable of Asian oil producing and major Asian oil importing countries, at Riyadh on Wednesday discussed with the Iranian Oil ... More

PHARMACEUTICALS
QuantumID plans RFID solution for pharma sector
Focus is more on verticals mainly in automobile segment More

Pharmexcil setting up IPR centre for small scale sector
To promote hassle-free pharmaceutical exports from the small and medium enterprises (SMEs), the Pharmaceutical Export Promotion Council (Pharmexcil) is setting up an Intellectual Property Rights (IPR) centre. The council had received the nod ... More

POWER
Tata Power gets $79.3-m ADB loan
Manila-based Asia Development Bank (ADB) on Wednesday said it had approved a $79.3 million loan to Tata Power Company for setting up and operating wind energy projects. The loan will support Tata Power in setting up and running ... More

TEXTILES
House panel flays Govt on textile support schemes
The Textile Ministry's penchant for frequent announcement of new policy packages for the textile sector has come in for criticism from the Standing Committee on Labour. The panel has said that "instead of loading the sector with a plethora of ... More

SSI
IBM storage devices for SMEs
IBM on Wednesday announced new storage devices for small and medium businesses. The System Storage DS3000 Series are entry-level disk arrays featuring integrated management software. A key feature of the new DS3000 is the ... More

Micro, small sector may get more aid
The Government has proposed to increase the financial assistance to existing clusters of micro, small and medium enterprises (MSMEs) up to 80 per cent of their financial requirements. This has been provided for under the Eleventh Plan. While ... More

TYRES
Strong rupee may reduce imported radial prices by 5%
Imports rise to 45,000/month during March-April More

EDUCATION
Institutes must refund admission fees to students
The Government has pulled up institutes, universities and deemed to be universities that have been outdoing one another to grab students' fees with early admission deadlines for technical education programmes. The Department of Higher ... More

Demand for education loans on the rise in AP
High remuneration packages for graduates from reputed institutes are driving middle class to access higher education through education loans More

Kuoni Academy ties up with Swiss school
Kuoni Academy of Travel, a New Delhi-based travel institute, has entered into a tie-up with International School of Tourism Management, Switzerland, to offer two courses in travel and tourism segment. The tie up will also give an opportunity ... More

Meet on P-G study in Canada
The North American Business Institute is hosting free seminars on May 6 between 10 a.m. and 9 p.m. on opportunities for postgraduate study in Canada. According to a press release, delegates from a Canada college will be present ... More

`Choose a career that suits your personality'
The rapid pace of technological change has ensured that any development occurring today is likely to become obsolete within five years. According to Dr K. Prasanna Sai, Head-Business Planning & IT, TVS Electronics Ltd, every employee should be . More

MEDICAL INSTITUTIONS & HOSPITALS
Priyamvada Birla Aravind Eye hospital inaugurated
Priyamvada Birla Aravind Eye Hospital, a joint venture between the MP Birla Group and Aravind Eye Hospitals, Madurai, was formally inaugurated here by Mr Somnath Chatterjee, Speaker of the Lok Sabha. Aravind had earlier ... More

Eye-Q setting up eye hospital chain
Eye-Q may be set up with Rs 240-cr investment over a period of five years More

REAL ESTATE & CONSTRUCTION
Land Ceiling Act repeal may attract cos into Mumbai realty
Move likely to trigger development in far-flung areas More

Asian Public Real Estate Association to focus on India
Market prospects pegged at $75 billion More

READYMADE GARMENTS
Apparel training centre at Domjur
The Apparel Export Promotion Council (AEPC) launched its newest Apparel Training and Design Centre (ATDC) at Domjur, West Bengal, last Sunday, the centre being inaugurated by Mr Amar Singh, Joint Secretary, Union Ministry of ... More

FOREIGN DIRECT INVESTMENT
Dubai realtor's India plans
Al Fajer Properties, a real estate developer from Dubai, on Wednesday announced an investment of $1 billion in India. According to a company release, it is also in talks with two real estate players in India for a possible joint ... More

SOCIAL WELFARE
PDS, food-for-work schemes helpful during droughts: Study
Survey covers 190 villages in nine States More

EXPORTS & IMPORTS
Oil Ministry may seek changes in Exim Policy
LPG supply with deemed exports sops More

Finance Ministry still to issue circular on service tax waiver
Exporters want Prime Minister to intervene More

New IPR Rules soon for beefing up enforcement at borders
Based on model legislation drafted by Geneva-based organisation More

VENTURE CAPITAL
RBI directive on VC funds
Indian venture capital funds can now invest in equity and equity-linked instruments of offshore venture capital undertakings, subject to an overall limit of $500 million. "Domestic venture capital funds registered with SEBI, ... More

TOURISM
WB Govt maps tourist potential of lesser-known places
Plans to develop them through public-private partnerships More