The Hindu Business Line : Saturday, June 16, 2007

NON-CONVENTIONAL ENERGY
Spinning mills body registers wind energy project for carbon credit
The Dindigul-based Tamilnadu Spinning Mills Association (TASMA) has registered its combined wind energy project for carbon credit under the United Nation's clean development mechanism (CDM) programme. A combined generation capacity of 472 MW ... More

AUTOMOBILES
Auto cos on catch 'em young mission
Engineering students in the country who dream of designing tomorrow's cars have never had it better. Around 400 budding engineers from 27 colleges are already under the scanner of some of the nation's leading auto companies. And the cars they ... More

COURTS/LEGAL ISSUES
US corporates outsource legal work to India
It's not just law firms or individual attorneys that are outsourcing their legal processes to hundreds of lawyers engaged in LPO in the country. In fact, when large US corporates are fighting a case in the US, the company's legal department at ... More

ECONOMY
We must learn to manage large capital flows: Chidambaram
The Union Finance Minister, Mr P. Chidambaram, said on Friday that the country must learn to manage large capital account flows. "We aspire to be a developed economy... We must learn to manage a fully convertible or nearly fully convertible ... More

ENGINEERING
Strong Re: EEPC sees negative impact on exports
`If the rupee goes below 40-level, exporters will not get into new contracts' More

ENVIRONMENT
Check pollution near Victoria Memorial: HC
A Division Bench of the Calcutta High Court comprising Mr Justice Bhaskar Bhattacharya and Mr Justice R.N. Banerjee today directed the Calcutta Police to take steps for stopping of burning dry leaves within three kilometres of Victoria Memorial, ... More

EXCISE AND CUSTOMS
Customs, excise duty revenue up in April-May
The first two months of the current fiscal has seen robust increase in the customs and excise duty collections of the Central Government. Provisional data available with the Finance Ministry show customs duty collections during April-May 2007 ... More

INFRASTRUCTURE
Vizag Steel offer for Pulichintala
The Visakhapatnam Steel Plant has promised to supply 10,000 tonnes of steel required for the Pulichintala balancing reservoir on the Krishna river. The assurance was given by Mr P.K. Bishnoi, Chairman and Managing Director of the ... More

PSU
SIFL in expansion mode
After having consistently improved performance over the last few years, the state-owned Steel and Industrial Forgings Ltd (SIFL) is planning to expand capacity to accommodate a few new products. The expansion of the company, located at ... More

PETROLEUM
Make natural gas 'declared good'
Pressure is mounting on the VAT Panel and the Union Government to provide `declared good' status to natural gas under the Central Sales Tax law. A declared good status would force states to peg the sales tax rate on natural ... More

PHARMACEUTICALS
ICMR setting up SubbaRow centre
Dr SubbaRow (1895-1948), who went to the US in 1920, is known for `the Fiske-SubbaRow Method' for estimation of phosphorous in body fluids and tissues. More

POWER
Rlys signs coal transportation pact with Nagarjuna Power
Co will pay 5% more than Rlys' usual freight charges for coal More

Damodar Valley Corpn exploring overseas loans
Financing its mega capacity expansion plan More

BHEL top brass meet TN officials
Bharat Heavy Electricals Ltd's top officials and the Secretary, Ministry of Heavy Industries today met the Tamil Nadu Chief Secretary, Mr L K Tripathy and senior officials of the Tamil Nadu Electricity Board (TNEB), to impress upon the state ... More

TEXTILES
Powerloom weavers hit by fall in export orders
The low realisation from exports due to depreciating dollar against rupee has scared the powerloom weavers from accepting new orders and this has affected the exports of powerloom products. According to Mr M.S. Mathivanan, Chairman of the ... More

Good response to `Tex spares 2007'
The fourth edition of the Southern India Mills Association (SIMA) promoted textile industry accessories fair, Tex Spares 2007, scheduled to be held next month here, has drawn good response with 120 textile spares/accessories ... More

TYRES
Truck sales slowdown may not impact tyre cos in Q1
Replacement market may shore up topline More

RADIO/TV
GBN enters regional news space
With the launch of a Marathi news channel, Global Broadcast News is likely to further explore the regional news space. "We are looking at other regions, and may probably launch Punjabi and Gujarati language channels soon. ... More

Asianet's Kannada channel
Asianet Communications Ltd, which currently operates three Malayalam satellite television channels, is entering the Kannada satellite television market. The company's 24-hour Kannada television channel, `Asianet Suvarna', will be ... More

EDUCATION
Training course on non-wovens
A two-day training course on non-woven textiles will be held at the PSG College of Technology here on July 5-6. The training programme is being sponsored by the US-based Association of the Non-woven Fabrics Industry (INDA). This ... More

`Keys to success different for each person'
The keys to success are different for each person. The set of factors responsible for a person's success is dictated by that particular person's attitude. The keys to success, therefore, can never be the same for everybody. Further, success is ... More

REAL ESTATE & CONSTRUCTION
Draft property development agreements with care
If you have land or an old house in a good locality, but not the resources to develop it into flats, you can plan for a joint venture with a property developer. You can enter into a property development agreement with a reputed developer. A ... More

HUMAN RESOURCES
`Managing HR change vital for creating successful cos'
The stability of routine and predictability is a thing of the past. Change is a part of the new business environment. Panellists speaking at a discussion on `Managing change from the human capital perspective,' agreed that to create successful ... More

`Growing cos face higher attrition rates'
Rising level of opportunities and employee aspirations has led to an attrition rate exceeding 20 per cent, with the services sector facing the maximum brunt, according to a survey conducted by industry chamber Assocham. Growing companies face ... More

`Industry-education tie-up vital for innovation'
Call to tap talent in rural India More

`Rising rupee spells doom for jobs in textile export sector'
Could result in loss of 5.79 lakh potential new jobs More

CONSUMERISM
TRAI sets up consumer education fund
The Telecom Regulatory Authority of India has set up a Telecommunication Consumers Education and Protection Fund to create awareness among telecom consumers and for protecting their interests. The fund will initially have a corpus of around Rs 10 ... More

INCOME TAX
New Forms of rigmarole
Through Notification dated May 14, 2007, Rule 12 of the Income-Tax Rules, 1962, has been substituted by a new Rule 12 with consequential substitution of I-T Return Forms 1, 2, 2D, 2F, 3, 3A and 3B by new Forms numbered ITR-l to ITR-8, which are ... More

Fringe benefit to employer from FBT on ESOP
There is nothing in law which prohibits or prevents a company from claiming ESOP as tax-deductible expenditure. More

NATURAL CALAMITIES
Study soon on creating natural catastrophe risk insurance pool
To tide over unpredictable weather, natural calamities More

BOOKS
Reading session
A PEEK INTO CHIDAMBARAM'S BOOK: Mr K.V. Kamath, Managing Director and Chief Executive Officer, ICICI Bank, and Mr P. Chidambaram, Union Finance Minister, at an interactive book reading and signing session of the Minister's book `A View from the ... More