The Hindu Business Line : Tuesday, October 16, 2007

ECONOMY
Investment proposals for Jan-June in West Bengal total Rs 49,128 crore
Kolkata, Oct. 15 There is a spurt in the number of investment proposals received by West Bengal during the first half of 2007 (January-June period), compared to the sameperiod of 2006. According to the quarterly review (July-September ... More

‘India scores high on both growth prognosis, and trajectory’
Mumbai, Oct. 15 “The fundamentals of the Indian corporate do not give a reason as to why there should not be such a high rise in the equity market. Only a few economies have such a high growth trajectory and India scores very high on ... More

FOREIGN TRADE
Italy keen on tie-ups in food processing, leather
More

INFRASTRUCTURE
Airlines asked to operate late night flights
New Delhi, Oct. 15 The Government has advised airlines to operate more flights between 11 p.m. and 5 a.m. so as to ease pressure on limited infrastructure at airports around the country. This was decided at the meeting of the Coordination ... More

PETROLEUM
Govt move to compensate oil cos not unexpected
Planned to prevent hike in crude-based products’ retail prices More

NELP-7: Changes likely in bid evaluation norms
‘Consortium/partnership’ may be sub-criterion for deepwater blocks More

IndianOil seeks approval for BRPL merger
IndianOil has approached the Union Department of Company Affairs (DCA) for permission to take the shareholders nod on the proposed merger of Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself, according to sources. Following ... More

Assam project: BCPL signs feed supply pact with ONGC
New Delhi, Oct. 15 Brahmaputra Cracker and Polymer Ltd (BCPL) on Monday signed an agreement with ONGC for the supply of 1.35 metric million standard cubic metres per day (mmscmd) gas to the Rs 5,460-crore Assam Gas Cracker Project. The ... More

POWER
Developing countries need to devise own energy technologies: Pachauri
‘India, China should come forward and forge alliances to harness energy sources’ More

Patel Engg hydel project in Arunachal
Patel Engineering Ltd on October 15 announced that it has enter into an MoU with the Arunachal Pradesh Government for setting up the 100 MW Gongri hydel project in West Kameng district. The project shall be implemented on BOOT basis for a lease ... More

NTPC signs MoU with Bihar
NTPC Ltd has signed an agreement with the Bihar Government and the Bihar State Electricity Board (BSEB) to promote a joint venture company. A memorandum of understanding was signed between the power major and BSEB on October 14, NTPC said in a ... More

STEEL
Anti-POSCO activists free labourers
Bhubaneswar, Oct 15 Eleven labourers, who were detained by villagers opposing the proposed mega steel plant project of POSCO-India five days ago, were finally released on Monday evening. The anti-POSCO activists had abducted 10 carpenters and ... More

TAXATION
Tax the car, fund public transport
None can deny the security one gets by owning a product instead of renting it. This is more so for high-cost durable goods such as housing and automobiles. Even those with low incomes have to spend fairly high amounts of money and time on ... More

Injunction against service tax on rent of commercial buildings
Chennai, Oct. 15 The Madras High Court has granted an interim injunction restraining the Union Finance Ministry from collecting service tax on rent of commercial buildings following a petition filed by General Star Kitchen Pvt Ltd, which ... More

‘Entry tax will continue in UP after VAT ’
New Delhi, Oct. 15 Entry tax will continue in Uttar Pradesh (UP) even after the introduction of VAT, said Mr Sunil Kumar, Commissioner (Trade and Tax), UP, saidThe continuation of entry tax even after the proposed switching over to ... More

SSI
‘Hosur is ideally placed to attract fresh investments’
It has been an industrial hub for more than two decades More

Public sector banks now target small industries
Retail investors and customers who used to prefer banking with private sector and multi-national banks, have now started turning back to public sector and cooperative banks. “Public sector banks, feeling the heat of competition, ... More

Sify roadshows to promote ‘Contact Centre Solution’
Coimbatore, Oct. 15 Two months after the introduction of its ‘Contact Centre Solution’ in India, Sify is now gearing up to create awareness by organising roadshows. The first roadshow has been proposed at Pune on October 17 ... More

EDUCATION
Centre mulls aviation academy/MRO unit at existing Hyderabad airport
New Delhi, Oct. 15 The Government plans to either set up an aviation academy or a Maintenance, Repair and Overhaul centre at the existing Hyderabad airport which would close down when the new airport opens there next year, the Executive ... More

Indira Group to buy 20 schools across India
Pune, Oct. 15 Pune-based Indira Group of Institutes (IGI) is expanding upon its foray into primary, secondary and higher secondary education, and is looking at acquiring over 20 schools across India over the next few years. It is also in ... More

NIFT to open Kannur centre next year
Kochi, Oct. 15 The National Institute of Fashion Technology (NIFT) is planning to start classes at the institute’s centre that is coming up in Kannur from the next academic year. The State Industries Minister, Mr Elamaram Karim, ... More

CARS
Increased dieselisation in cars
Turbo diesels exhibit significant advantages over naturally aspirated gasoline engines, showing typical fuel efficiency gains of 30 per cent, with CO₂ reductions of more than 20 per cent. More

REAL ESTATE & CONSTRUCTION
DLF to invest Rs 16,000 cr
Real estate company DLF plans to invest Rs 16,000 crore over the next 3-4 years to develop up to 18 malls across the country. According to sources, the investment would flow into mall projects in Chennai, Hyderabad, Kochi, Kolkata, Bangalore, ... More

SCIENCE & TECHNOLOGY
Govt to lift embargo on hiring scientists
The Union Government is planning to recruit scientists in significant numbers to give a fillip to various public-specific research programmes, according to Mr Kapil Sibal, Union Minister of Science and Technology.The Government is ... More

Tsunami early warning centre dedicated to nation
Prediction within 30 minutes after quake in Indian Ocean More

IPR
ITAG Solutions plans intellectual property auction, broking services
To commercialise IP assets; team taking stock of inventions, investors More

RURAL DEVELOPMENT
Unleashing Little India’s natural enterprise
More

EVENTS
IIM-L’s global management programme
New Delhi, Oct. 15 The Indian Institute of Management-Lucknow has announced its International Programme in Management for Executives (IPMX) at its Noida campus. The full time, one-year residential executive programme will commence from ... More

Hyderabad to host poultry exhibition
Hyderabad, Oct. 15 India’s largest poultry exhibition to be jointly organised by the Exhibition Advisory Committee (EAC) and the Indian Poultry Equipment Manufacturers’ Association (IPEMA) will be held in the Hitex Exhibition ... More

Arjun Singh to attend UNESCO meet
Mr Arjun Singh, Minister of Human Resource Development, would lead a delegation to the 34th Session of the General Conference of United Nations Educational, Scientific and Cultural Organisation (UNESCO), to be held at Paris from October 16 to ... More