The Hindu Business Line : Friday, August 31, 2007

NON-CONVENTIONAL ENERGY
Rlys planning windmill project near Chennai
New Delhi, Aug 30 The Indian Railways is planning a windmill project to generate 10 MW power near Chennai. Speaking at a two-day conference of the chief electrical engineers hereon Thursday, the Minister of State for Railways, Mr R. Velu, ... More

Meet on renewable energy
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ENVIRONMENT
World Bank mulls $5.25-b funds for CDMs
Hyderabad, Aug. 30 With a view to removing uncertainties for the CDM (Clean Development Mechanism) markets beyond 2012, the World Bank is considering to launch two funds with a size of $5 billion and $250 million, respectively.These ... More

EXCISE AND CUSTOMS
Oil firms step up lifting of ethanol from sugar cos
Programme makes headway as States rationalise duties More

Working group to study excise revenue performance
Excise duty collection records 2.1% growth in July More

FOREIGN TRADE
Mysterious ‘grounding’
This may be a bit of trivia, but the high-flying Commerce and Industry Minister, Kamal Nath, has not been abroad for the most part of August. So much so, his non-appearance at the scheduled Indo-Asean Trade Minister’s meet led to the ... More

India-Asean FTA final details to be worked out by negotiation panel
New Delhi, Aug 30 The final details on the India-Asean FTA will be hammered out by the Trade Negotiation Committee (TNC) before September 2007 so as to draw a broad framework for the launch of the free trade agreement early next ... More

HEALTH
Assam to tie up with select tea gardens for medical facilities
Initiative to be taken up under the National Rural Health Mission More

HOTELS
Phoenix Mills to operate Shangri-La’s hotel in Mumbai
Mumbai, Aug 30 Phoenix Mills Limited through its wholly owned subsidiary, Pallazzio Hotel and Leisure Ltd, has signed a hotel management agreement with Hong Kong-based Shangri-La Hotels and Resorts to operate their upcoming hotel in Mumbai. ... More

INFRASTRUCTURE
Global tenders sought for Bangalore-Mysore corridor project
Karnataka cancels tripartite pact with promoter consortium More

PSU
Tell-tale melodies
The top guns of the public sector might put up a no-nonsense grim exterior, but the ringtones of their cell phones are a give-away of the lighter side of their personalities. Colleagues contacting CMDs on their mobiles have found romantic ... More

PETROLEUM
‘China, India making rapid strides in energy field’
Mumbai, Aug. 30 The last four years saw energy production and consumption shift away from the Organisation for Economic Co-operation and Development (OECD), with the dramatic emergence of China, followed soon by India, as a major player in the ... More

IGL to lay pipeline for city gas distribution in Noida
Indraprastha Gas Ltd (IGL) is expected to start laying the pipeline network for city gas distribution (CGD) in Noida beginning September. The project was stalled midway in 2005 after the previous government in Uttar Pradesh allowed Gujarat ... More

SSI
Manmohan hopeful of doubling credit flow to SMEs
New Delhi, Aug. 30 The Prime Minister, Dr Manmohan Singh, today expressed hope of doubling credit flow to the small and medium sector within five years. While giving away the national awards to small and medium enterprises (SMEs) in the ... More

WATER
Series of water expos planned
Everything About Water, knowledge and marketing solutions provider in the field of water and wastewater management, will organise a series of water shows called regional water expos (RegEx 2007) in major Indian cities in the next four months ... More

COAL
Coal linkages: Fertiliser, power remain core sectors
New distribution policy drops steel, rlys, defence and cement More

EDUCATION
SMOT starts PG program
SMOT, a business school, will launch its Post Graduate Program in Management on September 5 at its Chennai campus with its first batch of 50 students. According to a press release, SMOT plans to commission a second campus at Hyderabad in ... More

FOODS & FOOD PROCESSING
‘Efficient tech, value addition vital for fruit, vegetable processing’
Pune, Aug. 30 With a potential for 200 million tonnes of fruits and vegetables in the next five years, the country should focus on shelf life extension of the products, value addition and by-product utilisation, Dr V. Prakash, Director, ... More

MEDICAL INSTITUTIONS & HOSPITALS
Apollo Health buys US’ Zavata for Rs 697 cr
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REAL ESTATE & CONSTRUCTION
HDFC raises $800 m thru real estate fund
Mumbai, Aug. 30 Housing Development Finance Corporation said it has closed its first sponsored real estate fund, raising $800 million (Rs 3,280 crore).The ‘HIREF International LLC’ fund was initially intended to raise $50 ... More

VUDA plot auctions fetch Rs 236 cr
The auctions conducted by the Visakhapatnam Urban Development Authority (VUDA) on Thursday fetched Rs 236 crore amidst protests by the Telugu Desam and Left leaders, objecting to what they described as “the sell-out of valuable lands in ... More

Puravankara turns weak on day 1
The stock of Puravankara Projects, a real estate company made its debut on the NSE on Thursday at discount of 22.5 per cent at Rs 310, which is also day’s low, against the offer price of Rs 400. During the day, the stock touched a high ... More

READYMADE GARMENTS
Garment-on-hanger providers save costs, lend better display for retailers
Thiruvananthapuram, Aug. 30 Garment-on-hanger (GOH) providers are banking on the rising number of retail chains in the country. They deliver garments on hangers ready for display at the shop, which retains crease and saves ironing ... More

CINEMA
Eros, White Feather tie up
Eros International has announced a collaboration involving co-production, marketing and distribution of feature films with White Feather Films Ltd (WFF), a film production company owned by Sanjay Dutt and Sanjay Gupta. The deal includes ... More

DISINVESTMENT
Cabinet panel clears 10% OIL sell-off
IOC, HPCL, BPCL to pick up stakes More

SOCIAL WELFARE
Social investment management firm connects donors with needy
Ties up with 28 NGOs for the purpose More

RURAL DEVELOPMENT
NHB to take stake in rural housing finance firms
Hyderabad, Aug. 30 National Housing Bank (NHB) is planning to invest equity in housing finance corporations engaged in rural housing finance, according to Mr S Sridhar, Chairman and Managing Director.Speaking at a meeting with State ... More

EVENTS
Global show
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EXPORTS & IMPORTS
China’s gold imports rise
Mumbai, Aug. 30 Contrary to popular perception, it is not India but China which is the growth market for gold. This is the conclusion one would come to after an analysis of the latest data released by the World Gold Council, which showed that ... More

‘Textile exports may take a hit this quarter’
New Delhi, Aug. 30 There are concerns over the performance of textile exports in the current quarter on account of rupee appreciation, said a senior Textile Ministry official on Thursday. “While the first quarter performance was not ... More

VENTURE CAPITAL
SREI Infra to buy 76% in AP Govt venture fund
SREI Infrastructure Finance Ltd will pick up a majority stake of 76 per cent equity in a Andhra Pradesh Government-promoted Venture Fund. An agreement with the shareholders in the venture fund titled Hitvel was signed by the ... More

TOURISM
Getting ready
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