The Hindu Business Line : Sunday, October 07, 2007

RESEARCH & DEVELOPMENT
‘India to become 70% self-reliant with defence buys’
New Delhi, Oct. 6 India would become 70 per cent self-reliant with indigenous defence acquisitions by 2010 and progress to 90 per cent self-reliance by 2020, said Mr Balasaheb Vikhe Patil, Chairman of the Parliamentary Standing Committee on ... More

EMPLOYMENT
Unemployment may be rooted out by 2008: Rangarajan
‘Economy would continue to grow at 9.13%’ More

INFRASTRUCTURE
Renewable energy SEZ’s initial cost at Rs 20,000 cr
New Delhi, Oct 6 The proposed special economic zone for manufacturing equipment for renewable energy project would come up at an estimated cost of Rs 20,000 crore, the Minister of State for New and Renewable Energy, Mr Vilas Muttemwar, has ... More

TN to beef up infrastructure projects to boost tourism
The Tamil Nadu Government will speed up all the infrastructure projects to promote tourism in the State in a big way. “The master plan is ready to find the gaps in tourism infrastructure and to fill them up in the quickest possible ... More

PETROLEUM
Decision on oil bonds for downstream industry soon
Mumbai, Oct. 6 A decision on issuing oil bonds for the downstream industry could be taken in a week’s time. The Petroleum Ministry has already held talks with the Finance Ministry over the issue, said Mr Murli Deora, Union ... More

STEEL
Differing perceptions in steel stock investments
FIIs raise stake while retail investors shed holdings More

TAXATION
Govt likely to appoint two addl solicitor-generals
For effectively dealing with tax-related cases More

TECHNOLOGY
Diesel myths dispelled, Mercedes-style
After the India Trail test drive of a range of Mercedes Benz diesel cars, we came out even more convinced that diesel can be the primary choice for car buyers. After all, Mercedes Benz has been at the forefront of ‘dieselisation’ of passe nger cars. More

REAL ESTATE & CONSTRUCTION
Real-estate pre-launches come under Ministry scrutiny
More

The brick and mortar of realty stocks
More

MINING & QUARRYING
Assocham plans ‘flow-through-shares’ scheme for mining
New Delhi, Oct. 6 With a view to make investments in exploration companies more attractive and also help private exploration companies to gain investors, industry chamber Assocham has proposed introduction of ‘flow-through-shares’ ... More

DISINVESTMENT
Centre launches national investment fund
New Delhi, Oct. 6 The Centre launched the National Investment Fund (NIF) on Saturday to pool proceeds from sale of Government equity holdings in Public Sector Undertakings. While 75 per cent of the annual income of the fund would be used for ... More

FOREIGN DIRECT INVESTMENT
FDI policy review for Cabinet
New Delhi, Oct. 6 The review and streamlining of foreign direct investment (FDI) by the Department of Industrial Policy and Promotion would be sent to the Union Cabinet within 10 days for its endorsement and more areas for FDI such as stock ... More

RURAL DEVELOPMENT
Co-op credit: ‘Implement Vaidyanathan report early’
Thiruvananthapuram, Oct. 6 The National Co-operative Agriculture and Rural Development Banks Federation has sought early implementation of the Vaidyanathan Task Force recommendations for revival of long-term cooperative credit ... More

Spandana plans to raise Rs 400 cr in next 6 months
Hyderabad, Oct. 6 Microfinance player Spandana Sphoorty Innovative Financial Services Ltd plans to raise Rs 400 crore over next six months to meet its fund requirement. The Hyderabad-based company, which operates in southern States, is ... More

EXPORTS & IMPORTS
Exporters get more sops on service tax, credit
Rupee relief: Enlarged coverage of export schemes More

‘Hike in DEPB rates not the solution to rupee problem’
Kolkata, Oct. 6 Urging exporters to adjust to the scenario of a stronger rupee through adoption of a hedging mechanism (forward contracts) or invoicing in currencies other than the dollar like Euro, the Director General of Foreign Trade ... More

Kamal Nath says exporters need more relief
New Delhi, Oct 6 The Union Commerce and Industry Minister, Mr Kamal Nath, on Saturday gave a qualified welcome to the mini-package for exporters announced by the Finance Ministry in the wake of the appreciating rupee, stating that he would ... More

VENTURE CAPITAL
GVK Bio looking at deal with private equity players
Hyderabad, Oct. 6 GVK Biosciences today announced a research-cum-chemistry centre for Wyeth Pharma and hinted at its moves to part divest stake with private equity (PE) players.The move to divest stake is part of the company’s ... More