The Hindu Business Line : Monday, June 04, 2007

NRIS
TMB, UAE Exchange Centre tie up
Tamilnad Mercantile Bank (TMB) has signed up with UAE Exchange Centre LLC, Abu Dhabi, for money transfer services. The arrangement, which comes into effect immediately, enables NRIs in the Gulf to remit funds to India by sending ... More

Andhra Bank raises rates
Andhra Bank has upwardly revised the rates of interest on NRE term deposits effective from June 1. According to the NRE term deposits for maturity periods of one year and above, and less than two years will now be 5.39 per cent ... More

OUTSOURCING
`Price may not be trump card for domestic drug cos for long'
Quality and speed are becoming important factors More

ECONOMY
One lakh goods carriers stranded in Rajasthan
It is not just train services that have been affected by the agitation in Rajasthan that happened because of the ongoing clash of two communities on the issue of reservation. Owing to the agitation that started five days ago, some 100,000 goods ... More

ENVIRONMENT
Scandalous indeed!
SEWAGE WATER let out into the sea from a drain mars the beauty of Scandal Point on Ramakrishna Beach in Visakhapatnam.

EXCISE AND CUSTOMS
Duty cuts on edible oils not benefiting consumers
Foreign suppliers/buyers are the only gainers More

FOREIGN TRADE
India-Brazil CEOs Forum to be set up
An MoU to form an India-Brazil CEOs Forum is among the seven agreements to be signed between India and Brazil during the visit of a Brazilian business delegation led by the country's President, Mr Luiz Inacio Lula da Silva, that is in India for a ... More

Brazilian President arrives
To discuss a wide range of issues More

FICCI leading delegation to UK
To take Indo-UK bilateral trade to a level of £1.5 billion by 2010 from the present level of £900 million, the industry chamber FICCI is leading a 60-member delegation to the UK on June 7. The delegation will participate in a ... More

PETROLEUM
Expand transmission system to create gas grid: Energy Agency
"This shift in customer attitude and the strong economic growth over the last years has resulted in a more positive assessment of the future of LNG in India." More

POWER
JBIC loan for Maharashtra power
The Japan Bank for International Co-operation (JBIC) will finance a sum of Rs 626.43 crore for replacing existing transformer projects of Maharashtra State Electricity Transmission Company Ltd in 15 districts of Western ... More

SSI
Small, medium biz may invest $1.2 billion on Net: Survey
Small businesses dominate in terms of overall expenditure More

WATER
Jindal's clarification on water supply to alumina refinery
More

EDUCATION
Bosch bets on partnership with engg colleges
Ties up with Coimbatore Institute of Technology More

AP mulls rural residential schools
The objective is to provide corporate-type secondary school education in rural areas. More

MEDICAL INSTITUTIONS & HOSPITALS
Ambuja Realty plans feeder hospitals
For 1,000-bed multi-specialty hospital in Bengal More

SILK
A weaver's tale
MUGA SILK: Assamese weaver Kabita Baishya showing traditional Assamese "Muga Silk" to the Spanish Ambassador to India, Mr Rafael Conde De Saro, and his wife, Ms Maria Bassolos De Conde, during their visit to Sualkuchi silk village 40 km from ... More

RURAL DEVELOPMENT
Taking the world to artisan's workshop
Artisans will now be able to view product designs at their own workshops More

EXPORTS & IMPORTS
Govt formulates scheme to help exporters hedge
It is not quite clear what exactly the Ministry of Commerce has in mind, but the Commerce Secretary, Mr G.K. Pillai, is talking in terms of the Government giving Indian exporters some help in hedging against the appreciation of the rupee. "You ... More

Sugar export sops: Overseas buyer real beneficiary
If in edible oils, duty reductions have mainly helped foreign suppliers, in the case of export incentives for sugar, the real beneficiary has been the overseas buyer. Since March, both the Centre and some State Governments have announced ... More

India major supplier of ground pepper to France
India was the most important supplier of ground pepper to France during 2006 contributing 26 per cent, followed by China and Vietnam supplying around 10 per cent each, according to the International Pepper Community. France is the second largest ... More

ECONOMIC OFFENCES
`Integrity pact' to arrest over-speeding corruption
It was a pained Prime Minister Dr Manmohan Singh who recently spoke of how corruption in road construction had spread like a cancer through the economy. The problem is endemic in developing countries, with leakage from corruption ranging from 5 ... More