The Hindu Business Line : Sunday, July 08, 2007

NRIS
HDFC Bank hikes NRE deposit rates
HDFC Bank has hiked its NRE deposit rates, effective July 1. Deposits of three to five years’ maturity will now earn an interest rate of 5.45 per cent (5.29 per cent), said a press release by the bank. Deposits of two to less than three ... More

IOB raises rates on NRE deposits
Indian Overseas Bank has increased interest rates on NRE deposits. The bank is offering 5.43 per cent for deposits between one year and three years (as against the existing rates of 5.39 for deposits between one and two years and 5.32 for between ... More

HOTELS
Global hires serve hospitality industry
EXPAT TALENT More

INFRASTRUCTURE
SEZs: House panel flays ‘undue haste’
New Delhi, July 7 Coming down heavily on the ‘undue haste’ in approving proposals for establishing Special Economic Zones across the country, a Parliamentary Standing Committee has favoured a freeze on further notification of SEZs ... More

PETROLEUM
GSPC announces oil strike in Cambay Olpad block
DGH seeks appraisal report in 60 days for commercial use More

TAXATION
Education cess on wine imports removed
Close on the heels of effecting a hike in the basic customs duty on wine imports, the Finance Ministry has scrapped the education cess applicable on imports of wine and certain fermented beverages such as cider, perry and mead.Official ... More

FIMI opposes ad-valorem royalty on minerals
Does not mind an upward revision of rates on tonnage basis More

BREWERIES
Education cess on wine imports removed
Close on the heels of effecting a hike in the basic customs duty on wine imports, the Finance Ministry has scrapped the education cess applicable on imports of wine and certain fermented beverages such as cider, perry and mead.Official ... More

Locally brewed Budweiser beer launched
Crown Beers India Ltd, the joint venture between American brewer Anheuser-Busch and Crown International, has announced the launch of the first locally brewed beer — Budweiser, and Armstrong. “Both the varieties will be ... More

HCV/LCV/TRACTORS
Truck sales dip 10% in Q1 despite discounts
‘Lower cargo availability, indiscriminate fleet expansion led to decline’ More

REAL ESTATE & CONSTRUCTION
Breaking new ground
While international real-estate majors have adopted a variety of business models, Indian companies are still at the experimentation stage in tapping market opportunities. Here is a walk-through of a few business models being tried out by players ... More

EVENTS
‘People management key to global enterprise’
Hyderabad, July 7 Efficient handling of issues pertaining to the integration of people and business processes is vital for an organisation to be a global enterprise, according to Mr Baba N. Kalyani, Chairman and Managing Director, Bharat Forge ... More

INCOME TAX
Works contracts are not `gilded'
More

EXPORTS & IMPORTS
Strong rupee: Textile exporters go for fabric imports from China, other neighbours
Smaller players relying on local inputs are the hardest hit More

NATURAL CALAMITIES
Braving the deluge
No respite: Flood affected people from nearly 70 marooned villages of Rogda, Rohini and Andhari in Sankrail block in Paschim Medinipur district of West Bengal looking for shelter on Saturday. The villages populated by ... More

TOURISM
One year on, ‘Nathula Pass’es more benefits to tourism sector
Gangtok, July 7 It is one year since the reopening of Nathula for border trade with China. Trade between Sikkim and the Tibet Autonomous Region (TAR) in China had resumed on July 6 last year after a gap of 44 years. To mark the first ... More