The Hindu Business Line : Saturday, August 11, 2007

URBAN DEVELOPMENT
CMDA draft plan focuses on affordable housing
Chennai, Aug. 10Social housing, planned development of Chennai peripheral areas, public transport, and intermodal integration will be some of the focus areas in the final version of the draft master plan, according to Mr Md Nasimuddin, Member ... More

Inclusive growth
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ECONOMY
NCAER raises GDP forecast to 8.53%
New Delhi, Aug. 10 The National Council of Applied Economic Research (NCAER) has revised the gross domestic product (GDP) projections for the current fiscal a tad higher at 8.53 per cent, compared to its projection in April at 8.3 per ... More

Review of petrol, diesel prices after monsoon session
Oil cos are losing Rs 190 crore per day due to global crude price rise More

FOREIGN TRADE
India must open up banking sector more: Swiss Minister
New Delhi, Aug. 10 Switzerland wants India to further liberalise its markets for banking services. A case is also being made for the country to look at reducing taxes on Swiss watches.“The market (for banking) is kind of protected ... More

21-member Bharat Chamber team to visit Vietnam
A 21-member business delegation of Bharat Chamber of Commerce, representing a cross section of the Indian industry, is visiting Hanoi and Ho Chi Minh City from 12 to 18 of this month to explore the scope for establishing sustainable business ... More

HEALTH
‘Health woes unlikely to affect rubber output’
Board Chairman says production has declined only 50,000 tonnes More

INFRASTRUCTURE
Ocean Park group takes up 3 projects
2 near Vizag, one in Hyderabad More

PETROLEUM
Cairn India facing rig hurdle at Ravva field
Plans sharing rigs with other operators More

‘RIL, RNRL sales agreement doesn’t need Govt approval’
The Union Government’s approval is not needed while executing a gas sale agreement between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL). The production sharing contract (PSC) between RIL and the Union ... More

Reddy writes to Pranab on gas pricing
In one more missive on the ongoing natural gas pricing, the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has written a letter to Mr Pranab Mukherjee, Chairman of the Empowered Group of Ministers, today.Dr Reddy urged Mr ... More

STEEL
Govt setting up steel research mission
Focus on R&D; corpus of Rs 60-65 cr from steel cos More

SSI
Growing demand for Hewlett-Packard’s SMB tools
50% growth in client base every quarter driven by manufacturing sector More

EDUCATION
JP Morgan sponsors Bloomberg terminal at IIM-A
In order to ensure that students at the Indian Institute of Management-Ahmedabad gain real-time access to business information, leading investment bank, J.P. Morgan, on Friday launched a Bloomberg terminal at the Institute here. The bank, ... More

REAL ESTATE & CONSTRUCTION
TCS pact with Tata Realty
Tata Consultancy Services Ltd (TCS) has entered into a Memorandum of Understanding (MoU) with Tata Realty and Infrastructure Ltd (TRIL) under which TRIL will develop properties on land owned/to be owned by TCS. The MoU covers eight properties ... More

Khivraj plans high-end non-IT office space
Chennai, Aug. 10 Khivraj Tech Park, the real estate arm of Khivraj Motors, is planning an 1.80 lakh sq ft high-end, non-IT office space, according to sources in the know.Work on the Rs 60-crore business park is to start by the year-end ... More

Indiareit partners with Skyline for projects worth Rs 700 cr
Mumbai, Aug. 10 Real estate venture fund, Indiareit Fund Advisors, announced its interest in partnering Skyline Constructions & Holdings Pvt. Ltd., with an investment of Rs 225 crore on Wednesday. Indiareit manages a corpus of over $300 ... More

KNITWEAR & HOSIERY
Tirupur exporters want expenses shared by buyers
Reaction to plea for additional labour compliances More

Tirupur association office-bearers
Mr A. Sakthivel, Managing Director, Poppys Knitwear Private Ltd, was unanimously re-elected president of the Tirupur Exporters Association (TEA) at its 17th annual general meeting. The other office-bearers who were reelected are Mr S. Duraiswamy ... More

SCIENCE & TECHNOLOGY
Insat 4-G launch: Cabinet nod for placing orders with Arianespace
The Union Cabinet has given its approval for placing a contract with the European company Arianespace for the launch of GSAT-8/INSAT-4G at a price not exceeding $67.5 million (about Rs 297 crore). The Cabinet approval also allows for an option ... More

AP Science Akademi meet
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MINING & QUARRYING
AP beach sand project opposed
Vizianagaram, Aug. 10 The proposal to set up a unit to extract ilmenite from beach sands in Poosapatirega or Bhogapuram mandals in Vizianagaram district is being opposed by fishermen as well as the public representatives of the area.The ... More

DISINVESTMENT
Govt to divest 10% OIL stake to PSU refiners
New Delhi, Aug. 10 Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, and Bharat Petroleum Corporation Ltd, may get a stake in Oil India Ltd, with the Government planning to sell 10 per cent of its equity stake in the exploration ... More

RURAL DEVELOPMENT
PSBs urged to tap rural markets
You have branch network and manpower, says Usha Thorat More

IDA credit for Bihar rural project
New Delhi, Aug. 10 India has signed a $63 million IDA credit agreement with the World Bank for the Bihar Rural Livelihoods Project.The International Development Association (IDA), the World Bank’s concessionary lending arm, is ... More

EVENTS
Google poll to commemorate 60th I-Day
Hyderabad, Aug. 10 Google today announced that it is running an opinion poll on the Orkut site to celebrate India’s 60th Independence along with its users. This poll will invite users to express their views and opinions on significant ... More

Making a point
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EXPORTS & IMPORTS
Export body pleads for relief package
Mumbai, Aug. 10 The Confederation of Export Units (CEU), an apex body of 100 per cent Export Oriented Units, has appealed to the Union Minister of Commerce, Mr Kamal Nath, to include it in the recently announced export relief package. ... More