The Hindu Business Line : Thursday, August 02, 2007

URBAN DEVELOPMENT
Remaking of Mumbai signs pact with US NGO
Mumbai, Aug. 1 Professing a self-generating profit model for planned development of the Mumbai city involving stakeholders and the Government, the Remaking of Mumbai Federation (RoMF) said it was imperative that the city went vertical to ... More

NRIS
Karnataka Bank cuts NRE, FCNR (B) deposit rates
Mangalore, Aug 1 Karnataka Bank Ltd has reduced interest rates on NRE and FCNR(B) deposit schemes with effect from August 1.A bank release said on Wednesday that the interest rate on NRE deposits has been reduced to 5.25 per cent (5.43 ... More

Union Bank trims FCNR (B), NRE deposit rates
Mumbai, Aug. 1 Union Bank of India has slashed the interest rates on FCNR (B) and NRE (rupee) term deposits effective August 1. In the case of FCNR (B) deposits, the interest rates on dollar deposits of various tenures are: one to less ... More

CEMENT
‘We are not part of any cartelisation’
“We received a MRTPC a notice in 2005 for which we replied in November and then again in March 2006. We made it clear to the authorities that we are not part of any cartelisation,” said Mr Vinod Juneja, Joint Managing Director, ... More

ECONOMY
Earnings of Sensex cos grow 35% in June quarter
Manufacturing biggies reap benefits of strong rupee More

ENVIRONMENT
Builders’ forum steps in to help clean up Kochi
Kochi, Aug. 1 The Kerala Builders Forum is planning to help Kochi in disposing its waste. The association has proposed microbial composting of biodegradable waste, which is convenient for metro cities. It is estimated that the city ... More

FERTILISERS
Fertiliser forum not in favour of direct subsidies to farmers
The concept is attractive on paper but difficult to sustain: Paswan More

PSU
Kerala notifies guidelines on PSU bonus payment
Minimum bonus to be paid in line with amended Act More

PETROLEUM
Decision on RIL’s KG gas pricing formula soon
New Delhi, Aug. 1 The ball seems to be in in the Petroleum Ministry’s court as far as Reliance Industries Ltd’s (RIL) Krishna-Godavari gas pricing formula is concerned. Indications are that a decision on the issue could be expected ... More

GAIL consortium may have hit 2nd dry well in Bengal basin
‘Yet to decide on future course of action’ More

ATF: Airlines yet to decide on raising fares
The domestic airline industry has no immediate plans to either increase air fares or the fuel surcharge despite an over three per cent hike in the price of aviation turbine fuel (ATF) being sold to domestic airlines this month.On ... More

POWER
Kudankulam may get four more nuclear plants
Negotiations in progress; fuel re-processing rights secured More

Hunger strike against Sikkim hydel projects enters 43rd day
Gangtok, Aug 1 The indefinite hunger strike by the Affected Citizens of Teesta (ACT) in protest against mega hydel projects planned in Sikkim entered its 43rd day today, even as the stalemate between ACT and the State Government ... More

TAXATION
CBDT launches new e-filing scheme for intermediaries
More

SSI
Cisco sees huge scope for SMB products
Coimbatore, Aug. 1 Cisco Systems is all set to enhance the product capability of its ‘Smart Business Communication Systems for the Small and Medium Business (SMB) units’.“This is part of our SMB strategy for India. We ... More

Maditssia plans vocational training centre
Seeks lands, funds from State Govt More

CREDIT POLICY
‘Questions’ on monetary policy
Chennai, Aug. 1On the sidelines of one more video-conferencing with the media, which has now become standard fare for the central banker, there is action.Scribes seem to have earned some respite – with the communication link ... More

‘Monetary policy will have marginal impact on PSBs’
Hit on net interest margin will not be felt due to healthy balance sheet:: Chidambaram More

TERRORISM
153 held guilty in Coimbatore blast case
Coimbatore, Aug. 1 The special court trying the accused charged in the sensational serial bomb blasts, which rocked this industrial city on February 14, 1998, on Wednesday found 153 persons including Mr S.A. Bhasha, leader of the banned Muslim ... More

RADIO/TV
To sing a distinct tune
Radio channels mount campaigns and adopt new strategies to build unique identities and listenership. More

EDUCATION
ISB Dean in graduate mgmt admission panel
Hyderabad, Aug. 1 Mr M Rammohan Rao, Dean of the Indian School of Business (ISB), has been elected to the board of directors of the Graduate Management Admission Council (GMAC), effective July 1. He is the first Indian Business School ... More

TWO/THREE WHEELERS
Four-wheeler sales post double-digit growth in July
Slump in two-wheeler continues More

AIR-CONDITIONERS & REFRIGERATORS
Top-end tumult
Flat panel TVs and frost-free refrigerators are the stars of the high-end segment. More

REAL ESTATE & CONSTRUCTION
Star City plans Australian foray
To open first serviced apartment by July 2008 More

Vijay Shanthi buying Chennai property from Kishore Biyani
Set to get 48,000 sq ft space More

Property expo in Kochi on August 3 to 5
Kochi, Aug. 1 Kerala Builders Forum is organising Property Expo 2007 here on August 3 to 5 at Marine Drive Grounds. A total of 41 builders and financial institutions such as LIC Housing Finance, ICICI, HDFC, SBI, SBT are participating ... More

SCIENCE & TECHNOLOGY
Cellular scientist on Arctic trip
Hyderabad, Aug. 1 Dr S. Shivaji, Director-Grade Scientist of CCMB (Centre for Cellular and Molecular Biology), has been selected as a Member of India’s first expedition to the Arctic, the northern end of the earth. The Government ... More

FOREIGN DIRECT INVESTMENT
Govt mulls raising FDI cap in PSU refineries
New Delhi, Aug. 1 The Government is examining the option of raising the foreign direct investment (FDI) cap in public sector refineries from the existing 26 per cent. Sources said this may come as part of the FDI review process currently being ... More

EVENTS
CII session on green buildings
Coimbatore, Aug. 1 The CII Coimbatore zone’s Young Indians chapter is holding a session on green buildings and rating system tomorrow. The session would be addressed by Mr T.S. Ramani Shankar, Chief Architect and Senior Partner, ... More

EXPORTS & IMPORTS
China’s new trade norms may not hit copper demand
Could curb exports of processed goods in H2 More

‘Agri Export Zones have not taken off in a big way in eastern region’
Minister assures Central support for States’ export promotion efforts More

Rupee appreciation dents export growth sharply in June
High import growth pushes up trade deficit in first quarter More

TOURISM
Malaysia promotes culinary tourism
The best way to lure tourists is by tempting their tastebuds, according to the Tourism Department of Malaysia.Malaysia will now encourage local entrepreneurs to open Malay ethnic food outlets in India to indirectly woo more tourists to ... More