The Hindu Business Line : Thursday, August 16, 2007

URBAN DEVELOPMENT
Beautification projects under way in Chennai
Chennai, Aug. 15 With a clutch of projects under implementation for beautification of the city and improving civic and social amenities, the city of Chennai will look very different in the coming years, according to the Commissioner of Chennai ... More

COURTS/LEGAL ISSUES
Denying gratuity under Act is legal only if there is termination: HC
Chennai, Aug. 15 Only when an employer made a positive termination of employee and took stand of forfeiting gratuity payable to him, the concerned appellate authority could adjudicate such forfeiture in terms of Section 7(4)(a) & (b) of ... More

ECONOMY
PM promises policies for rapid industrialisation
The Prime Minister, Dr Manmohan Singh, on Wednesday asserted that industrialisation was critical for progress and that it offered “new opportunities and hope, especially for people in rural areas displaced by agrarian ... More

‘Economic progress has not led to better quality of life’
Mumbai, Aug 15 Patriotism amongst Indians is soaring with 89 per cent of the respondents wishing to be reborn as an Indian if they were given a choice. As the country celebrates its 60th year of Independence, The Nielsen Company conducted an ... More

Ratan Tata concern over economic disparities
Mumbai, Aug. 15 Stressing the need to build India into a land of equal opportunity for all, the Tata Group Chairman, Mr Ratan Tata, said: “One must recognise that great disparity still exists and that a large portion of the population ... More

HEALTH
Kalam calls for nationwide emergency medicare service
‘Public-private initiatives in AP show the way’ More

HOTELS
Katriya to run hotel at Paryatak Bhavan
Hyderabad, Aug. 15 Katriya Hotel and Towers has won the bid for running the 84-room three-star hotel at the Balayogi Paryatak Bhavan, the one-stop-shop for all travel needs, here on a 25-year lease.“The hotel has bagged the ... More

INFRASTRUCTURE
30,000 MW to be added using imported N-fuel
5 coastal sites identified, says NPCIL chief S.K. Jain More

PSU
STC ties up with PSUs to leverage synergies
New Delhi, Aug. 15 The State Trading Corporation (STC) has tied up with a number of public sector undertakings (PSUs) to leverage each other’s strengths and synergies in a bid to increase its turnover and also improve its profitability, ... More

PHARMACEUTICALS
Stiff penalties for fake drug makers
Parliament is expected to see two important legislations from the Health Ministry tabled this session. The first Bill seeks to bring in stricter punishments for spurious drug manufacturers which include a fine of Rs 10 lakh and life ... More

TEXTILES
Rs 7-crore textile hub coming up in Bellary dist
Mumbai, Aug. 15 The Karnataka Department of Industries Centre, JSW Steel Ltd and a jean and denim trouser manufacturer, Bafna Hi Fashions, are to establish a Rs 7-crore textile hub at Toranagallu, Bellary district, Karnataka.The ... More

SSI
Small, medium biz spend on IT may rise 25%
Small and medium businesses in India, employing less than 1,000, are likely to invest about $640 million on packaged software in the current calendar year. This would mark an increase of over 25 per cent on similar investments made in 2006, ... More

WATER
Govt mulls water supply from Kudremukh to Mangalore
Mangalore, Aug. 15 The Karnataka Government is contemplating to use the pipeline infrastructure from Kudremukh to Mangalore for supplying water to Dakshina Kannada and Udupi districts from Kudremukh, according to Mr B. Nagaraja Shetty, ... More

MANAGEMENT
Management workshop
Aloysius Institute of Business Administration (AIBA), a unit of St. Aloysius College in Mangalore, will conduct a two-day management development workshop on ‘Enhancing organisational effectiveness’ from August 23. – Our ... More

EDUCATION
Costing body plans `accounting technicians' course
In addition to the present shortage of 25,000 qualified finance professionals, there will be a demand for 10 lakh accountancy-trained personnel in the next 10 years at a the junior level, says Mr Chandra Wadhwa, the newly elected President of the ... More

Give priority to education, Manmohan tells States
Centre to help States set up 370 colleges in districts More

IPE's Ph.D. admission timetable
The Institute of Public Enterprise is offering admissions to its full time Indian Council of Social Science Research (ICSSR) doctoral (Ph.D) research programme in management and allied areas for the year 2007-08. The applications could be ... More

ELECTRICAL GOODS
Nokia warns of battery defects in handsets
New Delhi, Aug 15 World’s largest mobile handset maker Nokia has issued an advisory that there could be defects in about 46 million batteries used in some of its handsets sold wordwide. The defect pertains to handsets having BL-5C ... More

PAPER, BOARD & NEWSPRINT
Ensure price stability: Paper traders’ body
The Federation of All India Paper Traders Association (FPTA) has asked the paper manufacturing mills to ensure price stability for a given period of time. It also asked them to give prior notice before effecting new prices.Despite the ... More

DISINVESTMENT
Tyre Corpn divestment Bill to be tabled in Parliament
House panel raps Govt for lack of revival plan More

RURAL DEVELOPMENT
Small borrowers still prefer informal route
Bank credit outreach limited, says study More

HUMAN RESOURCES
RRJ workshops focus on employee attitude
Hyderabad, Aug. 15 Inculcating a positive state of mind in a person or organisation to achieve success is the challenge they have taken up as their business now.Through a series of scientific workshops which address the attitude ... More

RECOMMENDATION
AP ranked third in foreign investment
CM reviews investment scenario More

EXPORTS & IMPORTS
‘Coffee exports to top Rs 2,000 cr by 2010’
Country’s earnings through coffee exports are likely to reach Rs 2,000 crore by 2010 from current level of Rs 1,650 crore with the export quantity exceeding five lakh tonnes from current level of 3.3 lakh tonnes, according to industry ... More

Govt allows MMTC to import cement sans BIS mark
Exemption valid for 150 days from date of recording applications More