The Hindu Business Line : Saturday, June 09, 2007

ENVIRONMENT
Tidying effort
WASTE DUMPING: On the World Oceans Day (June 8), Mumbai municipal workers fish out garbage from the sea near the famous Gateway of India on Friday. Municipal Corporation workers collect 6,500 tonnes of garbage and another 7,500 tonnes are ... More

EXCISE AND CUSTOMS
Royalty, knowhow fees and customs duty
The Toyota decision will be particularly useful for most joint venture companies More

INFRASTRUCTURE
Indians are best borrowers in the world: Chidambaram
Andhra Pradesh, World Bank sign MoU for water project More

PSL gets in-principle nod for SEZ
The Mumbai-based infrastructure and construction company PSL Ltd has received an in-principle approval from the Union Government for establishing `Alternative Energy and Energy Ancillaries' special economic zone (SEZ) at Pipavav in Gujarat. The ... More

IIHT to set up centre in Bahrain
IIHT Ltd has entered into a strategic partnership with the Bahrain Institute of Technology (BIT), a training division of Bahrain Development Bank, to set up a training centre in Bahrain and also explore other business ... More

PETROLEUM
Essar Oil starting production from Mehsana wells
Essar Oil will start producing 500 barrels a day from two wells at Mehsana in Gujarat beginning tomorrow. Production will reach 1,000 barrels a day in next three four months following drilling of two more development wells. The crude will be ... More

POWER
`Pull-aside' meet with Bush on nuclear ties
The attempt of India and the US to settle the terms of the civilian nuclear cooperation may have nudged forward today at the seaside resort of Heiligendamm where the Prime Minister, Dr Manmohan Singh, and the US President, Mr George Bush, had a ... More

Industries resist move to hike power tariff
The Kerala High Tension and Extra High Tension Industrial Electricity Consumers Association has protested against the move of the State Electricity Board to increase the power tariff for industrial units in the State. The Association ... More

REC inks pact with HUDCO
Rural Electrification Corporation (REC) has inked a pact with HUDCO for consortium financing in power-related projects. The REC Chairman and Managing Director, Mr A.K. Lakhina, and the HUDCO's Chairman and Managing Director, Dr ... More

TAXATION
New I-T office premises inaugurated
The tax collecting departments should not hurt or harm the taxpayers. "It should be like bees drawing honey from flowers, without hurting the flowers," Mr P. Chidambaram, Union Minister of Finance, said. Addressing officials of the Income Tax ... More

Row over vacant land tax in Vizag
Vacant land tax, for which a notification has been issued by the Visakhapatnam Municipal Corporation and notices sent to the owners of such plots, has triggered a controversy here, as 32 villages recently merged in the Greater Visakha Municipal ... More

TEXTILES
Mundra SEZ wooing textile cos from South
Promoters to enjoy twin investment entitlements of SEZ and textile parks More

TRAVEL & PLACES
US embassy refers 7 visa frauds to officials here
The US embassy has referred seven cases of visa frauds to Indian law enforcement for criminal investigation since June 1. The police referrals span all visa categories including temporary skilled workers (H-1Bs), students, and general tourist and ... More

EDUCATION
IICT scientist bags INSA award
Dr Subhash Ghosh, Scientist, Indian Institute of Chemical Technology (IICT), here has been selected for the Indian National Science Academy (INSA) Young Scientist Award-2007 for his scientific contribution in the field of total ... More

HCV/LCV/TRACTORS
Two-wheelers, heavy vehicles sales dip in May
Growth in passenger, utility vehicles continues More

REAL ESTATE & CONSTRUCTION
City Square launches new project
City Square Enterprises Pvt Ltd, a property development company, has announced the launch of NRI's Centre City, a gated community project near Chennai. To be formally launched on Sunday, NRI's Centre City is a 103-acre layout about 25 km west ... More

LEATHER
Ministry moots creation of leather parks
To boost capacity, realise industry's vision of $7 b exports by 2011 More

BIO-TECH & GENETICS
Bioinformatics pie worth $60 b
The bioinformatics pie is worth $60 billion and big players such as TCS, Infosys, Wipro, Cognizant and HCL are scaling up for a share of this sector, according to speakers at the Bangalore Bio. Bioinformatics is the tool for accelerated drug ... More

Venture Capital Funds not favourably inclined towards biotech cos
`Some early stage Indian models are not exciting enough and many small companies are unable to think big or scale up.' More

FOREIGN DIRECT INVESTMENT
SPC Green plans $100-m investment in biopolymer unit
Co mulls locating manufacturing plant in Kakinada More

RURAL DEVELOPMENT
Hi-tech, low-cost ATMs for rural areas?
The air is abuzz with talk of a new hi-tech, low-cost deal for farmers and other rural folk. Hub and spoke models are spoken of, and ATMs wired for bio-and speech-recognition. Salaries, loan disbursals, proceeds of bulk sales at procurement ... More

DoT plans USO scheme for rural mobile telephony
Raja meets industry to discuss digital divide More

HUMAN RESOURCES
HR meet today
A one-day industry-institute interactive meet on `industry expectation from budding technocrats in free trade environment' will be held at the Sardar Vallabhbhai Patel Institute of Textile Management here tomorrow. The meet is ... More

EVENTS
Who is to act on climate change?
The Prime Minister, Dr Manmohan Singh, and leaders of four other emerging economies, China, Brazil, Mexico and South Africa, took the offensive in the debate on climate change asking the developed world first to make significant cuts in ... More

Indo-US job fair in New Jersey
ClickJobs.com is organising an Indo-US job fair in New Jersey on August 25 and 26 to attract talent from the US to work in India, according to a press release. In keeping with the recent trend of US-based Indian professionals ... More

EXPORTS & IMPORTS
`Re appreciation hitting exports'
The export prices of Indian products in major exporting sectors have become uncompetitive by 10-12 per cent on an average compared to competing countries' products as a result of rupee appreciation against the US Dollar, ... More

`Fix floor price for imported arecanut'
Campco says it affects market conditions More

Kamal Nath to meet exporters on June 13
In response to the plea by the exporting community to counter the impact of appreciating rupee against the dollar, the Commerce and Industry Minister, Mr Kamal Nath, is to hold a meeting with FIEO and heads of various export promotion councils on ... More

ALTERNATIVE MEDICINES
Ayurveda portal launched
Aymex, a travel and medical tourism company, has launched Ayurveda-Portal.com, a one-stop shop for tourists in search of ayurvedic medicinal treatments. Mr Joseph Kaduthanam, Managing Director, Aymex Services Pvt Ltd, said that the portal has ... More