The Hindu Business Line : Friday, October 12, 2007

NRIS
Rising Re: Little impact on CXO salaries
Bangalore, Oct.11 Dollar salaries in the country that went through the roof a couple of years ago are yet to be impacted by the rising rupee. An 11 per cent dip in dollar value may seem too small to renegotiate old agreements, but new ... More

CEMENT
Room for recruits: Cement shortage causes construction delay
Bangalore, Oct. 11 Cement and labour shortage has hit Infosys’ intake of campus recruits during the September quarter as the company couldn’t complete the construction of accommodation facility on time. As a result, the company was ... More

COURTS/LEGAL ISSUES
Sale of premises: Tax Recovery Officer’s order set aside
Chennai, Oct. 11 An order by Tax Recovery Officer, Income-tax, declaring null and void sale of a premises in Kumbakonam in Tamil Nadu, has been set aside by Madurai Bench of Madras High Court.By said order dated 31-10-2003, TRO issued a ... More

ECONOMY
‘Globalisation accelerates growth rate’
Tirunelveli, Oct 11 The economy, which had a growth of only around five per cent until a few years ago, is now projecting a gross domestic product growth of over nine per cent, thanks to globalisation, said Dr Balasubramaniam, Prof of Amrita ... More

FOREIGN TRADE
Amendment to Bulagria pact okayed
The Government on Thursday approved an amendment to an agreement between India and Bulgaria for promotion and protection of investments. This decision would enable Bulgaria to comply with its obligations as a member State of the European Union. ... More

HEALTH
Advinus, DNDi tie up for kala azar drug
Bangalore, Oct. 11 Advinus Therapeutics (P) Ltd said it has tied up with Geneva-based Drugs for Neglected Diseases initiative (DNDi) to discover and develop novel therapies for ‘kala azar’, a fatal and infectious tropical disease. ... More

PSU
Relief package for oil marketing cos announced
Oil bonds worth Rs 23,457 cr to be issued this fiscal More

PETROLEUM
RIL gets formal nod for KG gas pricing formula
New Delhi, Oct. 11 The Government on Thursday issued a formal approval letter to Reliance Industries Ltd (RIL) on the pricing formula for the gas to be produced by the company from its Eastern offshore fields. The Government’s ... More

POWER
Volatile politics puts Karnataka power reforms on back burner
State unable to guarantee minimum returns to private investors More

SSI
SARFAESI Act too harsh on us, say micro units
To seek White Paper on implementation More

RADIO/TV
Tata Sky inks pact with Palador
New Delhi, Oct. 11 Palador Pictures, right holders to nearly 1,000 film titles, have tied up with Direct- to-Home service provider Tata Sky to bring world cinema to audiences. The DTH services’ pay-per-view Showcase TM, will offer ... More

EDUCATION
RIL offers expertise, faculty to Gujarat’s petroleum varsity
More

REAL ESTATE & CONSTRUCTION
PGP group plans Rs 500-cr mall outside Chennai
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‘Realty in Bangalore witnessing stabilisation phase’
Bangalore, Oct. 11 As long as India’s future is bright, the real estate industry will have a bright future; and the recent reduction in the home loan rates is a big positive sign, said Mr M.R. Jaishankar, Chairman and Managing Director, ... More

Interest cut by banks lifts realty stocks
‘Trend of lowering rates is likely to be picked up by others’ More

SCIENCE & TECHNOLOGY
Call to link scientific research and economic development
NGRI celebrates 46th Foundation Day More

RURAL DEVELOPMENT
Nabard plans rural cell
New Delhi, Oct. 11 National Bank for Agriculture and Rural Development (Nabard) has decided to set up a separate cell to focus on rural services sector, its Managing Director, Dr K.G. Karmakar, has said.“We need to look at rural ... More

DoT working out plan to improve rural coverage
Operators fulfilling roll-out obligations will get incentives More

INTERVIEW
‘Nuke deal has come at the most opportune time’
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