The Hindu Business Line : Tuesday, August 28, 2007

NRIS
Syndicate, UAE Exchange in pact
Syndicate Bank has announced it has signed a Memorandum of Understanding with the Abudhabi-based UAE Exchange Centre for extending remittance facility to the non-resident Indians in the region. Mr. C P Swarnkar, Chairman & Managing Director, ... More

AUTOMOBILES
Automotive Research Association betting big on R&D projects
Plans designing truck engine fuelled by hydrogen, CNG More

COURTS/LEGAL ISSUES
Payment details of Singur car unit produced before Bench
Kolkata, Aug. 27 Counsel for Tata Motors on Monday produced the entire payment schedule for their small motor car unit at Singur, West Bengal, before the Division Bench comprising Mr. S.S. Nijjar, Chief Justice and Mr Justice P.C. Ghose of ... More

Issuing memo for approaching court unconstitutional: HC
Chennai, Aug 27 The Madurai Bench of Madras High Court has come down heavily on an executive engineer (operation and maintenance), TNEB, for his action in issuing a memo to an employee of the Board for filing a writ petition in the High Court ... More

FOREIGN TRADE
Pakistan detains Indian sugar dispatch on health grounds
Indian exporters blame Pak millers’ lobby More

PETROCHEMICALS
‘India may emerge as regional petrochem hub’
Kolkata, Aug. 27 Tata Strategic Management Group is expecting India to emerge as a regional petrochemical production hub in next five to seven years. According to Mr Raju Bhinge, CEO of Tata Strategic Management Group, this will lead to ... More

PETROLEUM
Debate over Reliance’s gas pricing from KG basin rages on
What is the issue before the Empowered Group of Ministers (EGoM) and what exactly is it supposed to be discussing? The EGoM is the latest stop for the file pertaining to pricing of KG Basin gas by Reliance Industries; it has already done the ... More

Gas pricing issue: EGoM to meet again today
New Delhi, Aug. 28 The first meeting of the empowered group of ministers (EGoM) headed by the External Affairs Minister, Mr Pranab Mukherjee, constituted to decide on the contentious issue of gas pricing remained inconclusive. The EGoM is ... More

Satyam tool for banking, oil& gas
Satyam Computer today announced the launch of two composite solutions on SAP for the banking and the oil and gas industry. Both of these have been certified by SAP and are powered by NetWeaver technology. iDecisions is a banking solution packaged ... More

POWER
Meet on areca, coffee growers' problems soon
All stakeholders to be invited: CM More

RUBBER
Dispense with futures trading in rubber: CRMA
Kochi, Aug. 27 The Cochin Rubber Merchants’ Association (CRMA) has said the Forward Markets Commission (FMC), being a regulatory body, should ensure smooth and transparent trading activity in the exchanges and should not in any way act ... More

TAXATION
Transfer pricing adjustments on the rise
New Delhi, Aug. 27 Transfer pricing adjustments made by the Income-Tax Department has shown a rise in value terms during the last three financial years going by the data made available to the Lok Sabha. The number of cases in which ... More

TEXTILES
Economic size norm for small spinning units may go
Modernisation fund for TUFS projects More

SSI
Critical business application software for SMEs developed
Kolkata, Aug. 27 Bengal, whatever the sceptics may say, has never fallen short of enterprising small businessmen who venture into difficult areas of business. Mr Prem Chand Kankaria, a young chartered accountant turned entrepreneur, who ... More

Taiwan’s machinery industry seeks tie-ups with Indian SMEs
Hyderabad, Aug. 27 Taiwan is looking for collaboration with Indian machinery industry especiallysmall and medium enterprises .“We have over 3,000 SMEs in the machinery industry and we see good potential for collaboration with ... More

TERRORISM
Hyderabad blasts ‘disturbing’, says industry
Hyderabad, Aug. 27 The security environment in Hyderabad, which witnessed two bomb blasts claiming 41 lives on Saturday, is ‘disturbing’ for the industry albeit it may not have a long-term impact on the investment prospects, ... More

EDUCATION
Education sector demand fuels PC growth
Lenovo, Disney offer ‘Power Rangers’ More

MINERALS
Iron ore movement hit on Orissa-Jharkhand border
Maoists force suspension in protest against arrest of 2 leaders More

IPR
Companies must embrace R&D wholeheartedly
More

TOURISM
Golden Chariot service from Nov
Golden Chariot, the luxury train that will criss-cross Karnataka, will be operational from the first week of November. Announcing the launch date of the Rs 40-crore project, which is a joint venture between the Karnataka State Tourism Development ... More

Tourist interpretation centre at Bannerghatta opened
Bangalore, Aug. 27 Karnataka’s Department of Tourism, and Jungle Lodges and Resorts Ltd have opened a Tourist Interpretation Centre at the Bannerghatta Biological Park here. The facility, built at a cost of about Rs 1.5 crore, is ... More

ECONOMIC OFFENCES
ONGC detects thefts in its AP pipelines
Critical infrastructure of Oil and Natural Gas Corporation (ONGC) in Andhra Pradesh seems to be under increased threat of getting tampered.Pilferage and theft attempts on its pipelines carrying oil and gas, pressure valves, production ... More