INDUSTRY & ECONOMY
AUTOMOBILES
IFCI Venture launching PE fund for auto sector
Focused entirely on domestic automotive components industry, IFCI Venture Capital Funds Ltd is launching a private equity fund in association with German consultancy UBF-B worth €100 million (about Rs 550 crore). The fund managers ...
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ECONOMY
RBI raises cash reserve ratio in liquidity mop-up
Policy addresses ‘only part of liquidity overhang’; capital inflows still a challenge
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‘No signal to raise interest rates’
New Delhi, Oct 30 The Finance Minister, Mr P Chidambaram, has said that the Reserve Bank of India’s move to raise the requirement for banks to keep cash with the central bank was intended to mop up excess liquidity from the system. ...
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We cannot afford shocks, says Chidambaram
New Delhi, Oct. 30 The Finance Minister, Mr P. Chidambaram, on Tuesday said the country needs to put in place appropriate regulations and risk management systems to manage the surging capital inflows even as he welcomed such flows into the ...
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RBI’s worry on inflation continues
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Mid-term Review of Monetary Policy 2007-08: Exceptional response
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`We want to ensure India will be island of stability
Strange, unusual things are happening globally: Dr Reddy
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FERTILISERS
Dept of Fertilisers keen to revive freight equalisation for gas
New Delhi, Oct. 30 The Department of Fertilisers is keen on reviving the freight equalisation scheme for the supply of gas to the fertiliser industry. This system was done away with fifteen years back, but the Department wants it restored as ...
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FOREIGN TRADE
‘Branch licensing cannot be reduced to quid pro quo’
Mumbai, Oct. 30 The US Treasury Secretary, Mr Henry M. Paulson, said his country is not keen on making market access for banks as a matter of bilateral quid pro quo in trade negotiations. He made this observation in the course of ...
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Singapore team sees good potential for business with Coimbatore companies
Coimbatore, Oct 30 There is a huge potential for companies in Coimbatore to engage in business activities with Singapore that could also serve as a gateway to South-east Asian countries in the region, according to Mr George Abraham, leader of ...
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Seven pacts with Germany signed
Merkel calls for doubling of trade
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HEALTH
Utah varsity signs MoU with Indian companies
New Delhi, Oct. 30 The US-based University of Utah has signed four collaborations with Indian companies in the area of healthcare. They include Dr Naresh Trehan’s MediCity, Manipal AcuNova, Pregna International and the offshore ...
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INFRASTRUCTURE
‘City projects need viability gap funding’
Mumbai, Oct. 30 When external commercial borrowing norms are relaxed, it will be done keeping in mind the infrastructure sector, said Dr D. Subbarao, Union Finance Secretary, at a panel discussion on public private partnership (PPP).It ...
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PETROLEUM
‘Petro sector attracts Rs 53,300-cr investment plans’
New Delhi, Oct. 30 Investment announcements totalled Rs 1,75,629 crore in the months of August and September, bulk of which will go to petroleum sector, according to a study by Assocham. The study, for the period of August and ...
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EDUCATION
AP Govt moves to strengthen education system
CM hints at public-pvt partnership for schools
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`Education should instil inquiry'
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B-school meet at Nitte
The Justice K.S. Hegde Institute of Management, Nitte, will conduct ‘ETTIN-2007’ B-school meet at Nitte in Udupi on November 2 and 3. Mr Chaithanya Desai, JMD, Apar Industries Ltd, Mumbai, will inaugurate the meet. Mr N. Vinay Hegde, ...
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REAL ESTATE & CONSTRUCTION
Orbit to build complex at Lower Parel
Mumbai, Oct. 30 While most realty majors look upon large townships as revenues spinners, niche players such as Orbit Corporation prefer the redevelopment mode to generate similar revenues . A 2.26 lakh sq. ft high rise office complex at Lower ...
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CINEMA
5th Asian Film Festival to kick off tomorrow
Continuing the festive spirit, residents of Pune are all set to flock the multiplex for the 5th Asian Film Festival, scheduled to kick-off on November 1 till November 8. The location is City Pride Multiplex at Kothrud. The Asian Film Festival ...
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WTO
Doha Round nearing conclusion: Kamal Nath
New Delhi, Oct. 30 India has said that negotiators were closer than ever before for the conclusion of Doha Round of the World Trade Organisation (WTO) talks. “Where we are today, is closer than ever before to closing the Doha ...
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EVENTS
Pune to host ‘Florex India 2007’
Mumbai, Oct. 30 Floriculture wealth of India will be showcased at a mega event ‘Florex India 2007’ to be held in Pune between November 2 and 4. The expo will be inaugurated by the Union Agriculture Minister, Mr Sharad Pawar. ...
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Quality Summit begins today
Bangalore, Oct. 30 The two-day Quality Summit opens here on Wednesday with prominent leaders from different industry participating to exchange their experiences in positioning their businesses to meet the growing competition.Mr K.V. ...
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EXPORTS & IMPORTS
Re impact: Special package for labour-intensive sectors sought
‘Pre-shipment, shipment credits will be offered at lower rates’
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EEPC wants forex market to be broadbased
Kolkata, Oct. 30 Calling for deeper financial reforms in order to help small and medium scale exporters tackle the problem of rupee appreciation, Mr Rakesh Shah, Chairman of Engineering Export Promotion Council (EEPC), said here today that ...
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TOURISM
Kerala Tourism doing well: CII
Kochi, Oct. 30 The tourism industry of Kerala has registered impressive growth during the first half of the current fiscal. According to a bi-annual Industry Monitor Survey conducted across the top five sectors of southern States by CII ...
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