INDUSTRY & ECONOMY
AWARDS & HONOURS
UK business awards
The UK Government organisation UK Trade and Investment is inviting nominations for consideration for the UK Trade & Investment India Business Awards, 2007. The categories include Investor of the Year, Business Partnership, Innovation, New ...
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AUTOMOBILES
Renault Design India to play bigger role
Renault Design India, an observational unit since 2005, will now design vehicles for the Indian market and other regional markets. Its role will now go from initial project design through to the finalised mock-up of a vehicle. The ...
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ECONOMY
Credit Suisse sees recovery in consumer spending in H2
Expects rupee to be at Rs 39 by fiscal end
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‘10% growth achievable in 2008-09’
The Finance Minister, Mr P. Chidambaram, said on Tuesday that it was possible for the country to achieve a 10 per cent economic growth in fiscal 2008-09.“Achieving a 10 per cent growth in 2007-08 is tough, but it is possible in ...
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HEALTH
HEALTHCARE: A BUSINESS LINE FEATURE
Bengal emerging hub for medical tourism
Even till a few decades after Independence, Kolkata was considered to be in the forefront of the healthcare sector in the country. It was widely felt that the government sector should take on the onus of providing healthcare facilities, at ...
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INFRASTRUCTURE
Acquisition for Mangalore SEZ
The Mangalore Special Economic Zone (MSEZ) Ltd — which recently got the final approval by the Board of Approvals (BoA) for the sector-specific SEZ — is planning to approach the BoA by November or December for multi-product zone ...
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PETROLEUM
Petro products sales rise 10.9% in June
New Delhi, July 17 Prodded by a surge in petrol and diesel sales, fuel consumption in June went up by 10.9 per cent. The sales of petroleum products during the month went up to 9.63 million tonnes (mt), up from 8.68 mt in the same month last ...
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Rig distinction
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TAXATION
‘Budget estimate on direct taxes will be met’
Rs 41,154 cr collected this quarter
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TEXTILES
Textile firms leverage Italian tie-ups to move up value chain
For accessing high-end segments of EU, US
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SSI
GVFL to raise Rs 300 cr by 2010
GVFL Ltd, India’s pioneer venture capital company, on Tuesday announced to enhance its existing fund portfolio by setting up a Rs 250-crore SME Technology Venture Fund (SMETVF) and another Rs 50 crore Tourism Fund, by 2010. For the first ...
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TN policy for micro, SME sectors on the anvil
Tiruchi, July 17 The Tamil Nadu Government will soon come out with a policy on micro, small and medium enterprises. It would be the first State in the country to make a separate policy for the sector. The draft policy is under Cabinet ...
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SSI assn moots trade centre
The Tiruchi District Tiny and Small Scale Industries Association (TIDITSSIA) has impressed upon the Small Industries Development Corporation of Tamil Nadu to set up a trade centre in the city on the lines of the one at Coimbatore. The request was ...
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WATER
Kerala ready for talks on Mullaperiyar
Thiruvananthapuram, July 17 The State Government is ready to continue talks with the Tamil Nadu Government to sort out the differences of opinion over the Mullaperiyar issue, the Water Resources Minister, Mr N.K. Premachandran, announced in ...
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BREWERIES
Rice in beer makes a heady brew for Budweiser
Betting on local variety from Andhra Pradesh
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EDUCATION
Panel okays site for IIT
Hyderabad, July 17 A five-member panel from the Union Ministry of Human Resource Development has expressed satisfaction over the facilities available at Kandi Village, Sanga Reddy Mandal, Medak district to set up the proposed Indian Institute ...
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IIT-B offers new range of programmes
Hyderabad, July 17 As part of its golden jubilee initiative, the Indian Institute of Technology-Bombay (IIT-B) has launched new PG and Ph.D. programmes in six disciplines besides flexible curricula for undergraduate students.The ...
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Osmania offers new PG programme
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SCIENCE & TECHNOLOGY
A mega science city in thin air
The multi-billion-dollar Odyssey Science City, proposed to be set up in the backward Anantapur district, has turned out to be a big mystery for the farmers, Opposition parties and civil rights groups in the district, with the Government ...
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SMALL SAVINGS
‘Small savings decline 21% during 2006-07’
New Delhi, July 17 Small savings have experienced a decline of 21 per cent during 2006-07 as commercial banks offer higher interest rates on the deposits to lure investors, according to the Assocham. Collection under the small saving schemes ...
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RURAL DEVELOPMENT
Nabard aims at direct financing to SHGs
As it completes 25 years of existence, the National Bank for Agriculture and Rural Development (Nabard), the apex refinance bank for credit needs in rural areas, is weighing options in direct financing to self-help group federations, ...
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REGULATORY BODIES & RULINGS
Mobile firms ready to battle it out at TRAI open house
New Delhi, July 17 Even as cellular operators are set to fight it out at the Telecom Regulatory Authority of India’s (TRAI) open house on Wednesday over a number of policy issues related to capping the number of mobile operators and ...
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INCOME TAX
Guidelines on stock options computation soon
Fair market value for Fringe Benefit Tax levy
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EXPORTS & IMPORTS
Rising rupee: Exporters look for further relief
New Delhi, July 17 After the announcement of some relief to exporters reeling under the appreciation of the rupee vis-À-vis US dollar on July 12, the exporting community is hoping more mitigating measures against the blows of ...
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NATURAL CALAMITIES
Deluge all around
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ECONOMIC OFFENCES
World Bank debars two Indian firms
Mumbai, July 17 The World Bank has declared Delhi-based Nestor Pharmaceuticals Ltd (Nestor) and Mumbai-based Pure Pharma Ltd “ineligible” to be awarded bank-financed contracts. Both firms were found to have engaged in ...
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