The Hindu Business Line : Tuesday, June 05, 2007

NRIS
PNB hikes FCNR (B), NRE rates
Punjab National Bank (PNB) has hiked the interest rates offered on Non-Resident Indian deposits with effect from June 1. The interest rate on dollar denominated deposits under the foreign currency non-resident (banks) scheme has ... More

SBH raises NRE deposit rates
State Bank of Hyderabad (SBH) has increased interest rates on non-resident external (NRE) term deposits with effect from June 1. According to a release, on deposits from one year to less than two years, the interest rate has been ... More

NON-CONVENTIONAL ENERGY
`Hydrogen-fuelled vehicles by 2020'
The National Hydrogen Energy Road Map lays down the pathway for the development of hydrogen energy infrastructure in the country, including introduction of hydrogen-fuelled vehicles by 2020, said the Minister of State for New and Renewable ... More

CEMENT
ACC dispatches up 19% in May
Reflecting the firm demand from the realty sector before the monsoon sets in, cement major ACC has reported a 18.95 per cent jump in dispatches to 1.82 million tonnes (mt) in May against 1.53 mt during the corresponding period last year. ... More

COURTS/LEGAL ISSUES
Tea garden unions move SC on payment of dues
Five unions of tea garden workers in several States have joined hands with IUF, the international union of food and plantation workers, and filed a PIL in Supreme Court demanding, among other things, immediate payment of statutory dues to those ... More

ENVIRONMENT
Stiff opposition to Jindal refinery
Farmers refuse to part with lands; company promises jobs, shares More

`Involve community in preserving heritage'
Environmentalists, activists and forestry experts, debating on the plus-minuses of "Community Managemehere recently, highlighted the need to not only create awareness amongst people towards environment protection, but also on the need to ... More

`Green Day' at US Technology
Green Day celebrations by US Technology saw the IT and BOP services major give away 2007 saplings to the Department of Forests at a function held at its Technopark facility here on Monday. The guest of honour, Mr Benoy Viswom, ... More

EXCISE AND CUSTOMS
`Duty cut on edible oil cannot rein in prices'
Move may send wrong signal to farmers: Industry More

FOREIGN TRADE
India, Brazil target $10-b bilateral trade by 2010
`We need to create a world market by supporting each other' More

Nathula trade symbolic of better ties: China
Four-member Chinese delegation in Gangtok to assess trade More

INFRASTRUCTURE
After Baddi, AP bulk drug cos now eyeing Nanded, Raichur
Small & medium enterprises mull options to set up facilities there More

TEXTILES
AP Govt may pay power subsidy to textile units
The Andhra Pradesh Government is likely to reimburse the subsidy portion of the power charges already paid by the textile units. This follows a decision by the Chief Minister, Dr Y.S. Rajasekhara Reddy, here today after a review meeting ... More

BREWERIES
Wine output rises 37%
Wine production for the year in the country for the crushing season that ended in March 2007 has grown by 37 per cent over that of the previous year, while seven new wineries were added to take the total tally in India to 54 during this year. ... More

EDUCATION
`Make the most of available resources'
The general observation that the more you have of something, the less you tend to value it, seems to hold for management as well. "The problem with foreigners is that they have hardly any experience of handling a situation with resource ... More

Blue Dart scheme for students
Blue Dart, leading air express, courier and package distribution company, has come out with a special scheme for students which will give them 50 per cent discount on delivery charges for admission/application documents to be submitted to ... More

TWO/THREE WHEELERS
eBay India Motors to sell second-hand three-wheelers
eBay India Motors (http://b2bmotors.ebay.in), an online auction marketplace for sale of second-hand cars, bikes, tractors and commercial vehicles in India, has plans to now auction second-hand three-wheelers. Furthermore, the company has a chain ... More

BIO-TECH & GENETICS
Biotech finishing school to help meet industry needs
Chidambaram to inaugurate 7th Bangalore Bio on June 7 More

TCG-led team wins bid for Helix
A consortium of US developer Alexandria Real Estate and TCG Urban Infrastructure Holdings (of The Chatterjee Group) has won the bid to develop the Bangalore biotech park, Helix. The team was among 24 contenders who had bid for the bio park. ... More

MINING & QUARRYING
Blast by Maoists brings NMDC mining to halt
The public sector NMDC is losing about Rs 9 crore per day due to loss of production of about 60,000 tonnes per day in its Bastar mines, following a series of blasts by the Maoists. According to a company press release here, the Maoists blasted ... More

FOREIGN DIRECT INVESTMENT
`Open retail for FDI'
The Associated Chambers of Commerce and Industry of India has suggested opening up of retail for foreign direct investment in a calibrated manner. This would give time to domestic retailers to prepare and face their competitors ... More

RURAL DEVELOPMENT
Portfolio tracking of micro-credit borrowers
More than a million small borrowers, who are approaching micro-finance institutions (MFIs), to get their financial needs will be brought into an electronic portfolio, which makes it easy to keep track of their operations. Through the ... More

FOREIGN INSTITUTIONAL INVESTORS
Extend tax breaks to investments abroad: AMFI chief
One of the primary reasons why Indian mutual funds and retail investors are still not investing heavily in capital markets abroad is because these investments do not enjoy the tax breaks that are available to investments in Indian companies. ... More

INCOME TAX
TDS relief for senior citizens; exemption limit raised
Revised limit also to apply for time deposits in banks More

TOURISM
`Condo hotels latest trend in vacation ownership exchange'
RCI wants to be a consultant for condo hotels More

`Map out course of action for sustainable tourism'
Poverty alleviation and climate change must be tackled simultaneously to develop sustainable tourism. The Assistant Secretary-General of the United Nations World Tourism Organisation (UNWTO), Mr Geoffrey Lipman, stressed this in his keynote ... More