The Hindu Business Line : Friday, June 22, 2007

AP Govt aims to create 1 m jobs in next 2 years
The Andhra Pradesh Government has targeted to create one million jobs in the next two years. To begin with, it will create 25,000 new jobs in each district this year. The Government has directed District Collectors to tap all avenues such as ... More

COURTS/LEGAL ISSUES
Centre's 2002 order was only for free movement of foodstuffs: HC
Nothing do with PDS administration: High Court More

ECONOMY
`Deepening trade has heightened earnings inequality, insecurity'
OECD says offshoring raises productivity, permitting lower prices and higher profits, which, in turn, lead to higher sales. More

Small, medium units bullish on economic growth: Survey
Small and Medium Enterprises (SMEs) in India are optimistic about the economic growth in the country. Around 79 per cent of SMEs are expecting economic growth to accelerate in India, says an HSBC Asia-Pacific Small Business Confidence Survey. ... More

`Western biz executives lack basic knowledge of Indian economy'
More than half (55 per cent) of the board directors in the US, UK, France and Germany do not know the Indian currency unit. More

ENGINEERING
`Unveil exchange stabilisation plan to lessen impact of rising rupee'
EEPC wants value addition norms reviewed, hike in duty drawback rates More

ENVIRONMENT
NGO calls for repeal of EIA 2006
An NGO working in the field of environment today sought the repeal of the Environmental Impact Assessment notification 2006 of the Environment Ministry, alleging that it "prioritised" the needs of the industry and investment over ... More

EXCISE AND CUSTOMS
New plan for Custom House Agent licence
The Finance Ministry has decided to revise the format of application for obtaining a Custom House Agent's licence. The revision is being done as a user-friendly move in order to avoid duplication and enable the applicants to lay their hand on ... More

FOREIGN TRADE
Al Gore may visit India later this year
Former US Vice-President, Mr Al Gore, is likely to visit India in October-November this year to meet leaders and members of industry to formulate acceptable policy solutions that could advance the millennium development goal. Mr Ashwani Kumar, ... More

Pacts with Iceland, Brunei
The Government on Thursday gave its approval for singing the Bilateral Investment Promotion and Protection Agreement (BIPPA) with Iceland and Brunei. The agreements are aimed at increasing investments between the countries, the ... More

HOTELS
IHC in pact with Jalan to set up Gateway hotel
Indian Hotels Company has entered into a management contract with Jalan Intercontinental Hotels for a Gateway hotel in Kolkata. This new hotel will be a part of Taj Business Hotels portfolio. The Gateway hotel will be a 200-room mid-market ... More

Apeejay Surrendra group plans string of hotels
Apeejay Surrendra Hotels, part of the Apeejay Surrendra group, proposes to set up a string of hotels and resorts in the country, the first of which may well be a Rs 300-crore, 300-room 5-star hotel in Hyderabad. The group which has interests in ... More

IHC says in talks with Navis Capital for stake in Nirula's
Nirula's MD says management will remain with him and Navis More

PSU
Efforts to link Kerala-Central PSUs on course: Minister
Keltec, Autokast to be handed over after TELK More

PETROLEUM
Crude oil import dips in May; petroleum product exports, consumption rise
While the country's crude oil import dipped in May, exports of petroleum products and domestic consumption of petroleum products saw an upward movement when compared to April. Indian refineries imported 10.35 million tonne (mt) crude oil in ... More

POWER
GoM on Sasan to meet on July 2
A meeting of the empowered Group of Ministers (GoM) on the Sasan ultra mega power project, which met for the second consecutive day on Thursday, ended inconclusive. The next meeting is scheduled for July 2. "We are still ... More

TEXTILES
PSG-INDA holding workshop on non-woven textiles
India has huge growth potential for non-woven/technical textile consumption. More

SSI
IBM begins operations in Nagpur
IBM India has announced its operations in Nagpur to cater to small and medium businesses in the city. It will target various clients in the media & newspaper, manufacturing, food & dairy, mining & services, research & More

WATER
Mullaperiyar report tabled in Assembly
The State Minister for Water Resources, Mr N.K. Premachandran, on Thursday tabled in the Assembly an expert committee report on the health of the Mullaperiyar dam. Headed by Dr Dhrubjyoti Ghosh, Senior Fellow (Sustainable Development) with the ... More

COAL
Govt approves 14% hike in royalty on coal, lignite
Increase in consumer power tariffs may be marginal More

BREWERIES
WTO sets up panel on India's wine duties
US presses its case successfully More

RADIO/TV
FICCI urges fee for music royalty in radio
Industry chamber FICCI has asked the Government to fix a reasonable fee for music royalty to consolidate and ensure sustained growth of the radio industry. The chamber has submitted a memorandum to the Ministry of Information and Broadcasting ... More

New GM for BBC Global Channels
BBC Global Channels has appointed Mr Nachiket Pantvaidya as General Manager, South Asia. Mr Pantvaidya will be responsible for the region and the growth strategy for BBC-branded channels and will report to Ms Christine ... More

EDUCATION
IBM joins hands with B-schools for service science
Initiatives for acquiring cross-disciplinary skills More

Singapore's GIF signs MoU with Gujarat for schools
The Singapore-based Global Indian Foundation (GIF), which signed a memorandum of understanding (MoU) with the Gujarat Government here on Thursday announced to set up two world-class schools in the tribal districts of the State. The first such ... More

REAL ESTATE & CONSTRUCTION
Housing Development issue to hit market on June 28
Plans to raise Rs 1,485 cr through IPO More

SCIENCE & TECHNOLOGY
ECIL hands over BrahMos system to Army
The first land-based BrahMos missile Weapon Complex System, developed indigenously under a public-private partnership mode, is being inducted into the Indian Army from on Thursday. The Hyderabad-based, Electronics Corporation of India Ltd ... More

GENDER
All the Congress wo(e)men
Now that it has been made public that the Prime Minister had a list of 10 eminent women who can be considered for the post of the President, there is understandably some heartburn among Congress members of the fair sex who feel they too could ... More

SMALL SAVINGS
Survey on savings, investment behaviour on the anvil
The Finance Ministry plans to in the next two to three weeks place in the public domain a paper on `investment advisors' Non-availability of quality data reason behind the move More

REGULATORY BODIES & RULINGS
Central Drug Administration to become reality soon
Parliament likely to amend Drugs Act in monsoon session More

EVENTS
Airline job fair in Bangalore
UBC Careers Aviation, a newly formed aviation related company, has announced it will hold a job fair in Bangalore on June 23 and 24 for those seeking a career in the airlines industry. The company offers charter services, aircraft sale and ... More

EXPORTS & IMPORTS
Software to trace grapes exports to EU launched
INSPIRING CONFIDENCE More

VENTURE CAPITAL
Evolvence investment
The $150-million Evolvence India Life Sciences Fund has made its debut with a $5-million (Rs 22 crore) investment in Bangalore's cancer care group HealthCare Global Enterprises. Evolvence plans to invest the Rs 600-crore-plus corpus in some 35 ... More