The Hindu Business Line : Wednesday, November 07, 2007

ECONOMY
‘Sub-prime crisis will persist for 12-14 months’
Dr Robert F. Bruner, Dean, Darden Graduate School of Business Administration, University of Virginia, on Tuesday predicted that the current US Sub prime crisis would persist for 12-14 months.Adverse ... More

‘Lakhpatis’ on the rise in AP
Number of people with Rs 10 lakh-plus income growing More

ENVIRONMENT
Rs 400-cr Green Fund being set up
CII-Godrej centre joins hands with banks, pvt investors More

FOREIGN TRADE
Assocham calls for early free-trade pact with GCC
New Delhi, Nov. 6 India’s total trade with Gulf Co-operation Council (GCC) is likely to go up to $28 billion by March 2008 and exceed $40 billion by 2010, provided Free Trade Agreement (FTA) between the two is hurried up, according to ... More

‘India-China trade likely to cross $40 b in 2008’
New Delhi, Nov 6 Bilateral trade between India and China is expected to cross the $40-billion mark in 2008, two years ahead of the targeted year of 2010, according to the Chinese Ambassador to India, Mr Sun Yuxi.Last year, the ... More

PETROLEUM
Bharat Oman Refineries IPO by March
Bharat Oman Refineries Ltd will come up with an initial public offer by March 2008 to raise Rs 2,000 crore , Bharat Petroleum Corporation’s Chairman and Managing Director, Mr Ashok Sinha, said today. The money would be used to ... More

GAIL seeks LNG from Nigeria
New Delhi, Nov 6 GAIL (India) Ltd is looking at sourcing liquefied natural gas (LNG) from Nigeria and also acquiring equity stakes in LNG projects in that country. “We are interested in sourcing LNG from Nigeria and will be ... More

POWER
Chidambaram to mediate on power, equipment issues
Tackling problem of slippages and achieving capacity addition targets More

TEXTILES
Re rise: Textile sector seeks reimbursement of State levies
Plea for extending shipment credit period More

SSI
Fund to focus on non-farm micro enterprises
The proposed National Fund for the Unorganised Sector (NAFUS) will primarily focus on non-farm micro enterprises with investment of less than Rs 5 lakh, the Chairman of the National Commission for Enterprises in the Unorganised Sector (NCEUS), ... More

TERRORISM
Maoist problem hits iron ore movement
Fewer rakes move on Kirandul-Kottavalasa line More

EDUCATION
IBS merit scholarships
Hyderabad, Nov. 6 ICFAI Business School (IBS) has enhanced merit scholarships up to Rs 36 crore from Rs 26 crore for its students of Class 2010 for which admission process has begun. The scholarships now being offered include IBSAT ... More

ISB, IIT-Madras sign pact for joint research
The Indian School of Business (ISB) and the Department of Management Studies, Indian Institute of Technology (IIT), Madras inked a pact for collaborative research. The Memorandum of Understanding signed on Monday would foster research at the ... More

Medical education in digital form soon
Hyderabad, Nov. 6 Medical students in India could soon have the benefit of learning course content at their own pace through lectures that would be offered in a digital format. Over 7,500 multimedia enhanced digital lectures ... More

INDUSTRY ASSOCIATIONS
CII hails Tamil Nadu’s industrial policy
Coimbatore, Nov. 6 The Confederation of Indian Industry (CII), Coimbatore Zone has said the Government should give special attention to ‘efficient allocation of industrial land use’ especially on the outskirts of urban areas to ... More

CII’s ‘Vision 2025’ workshop charts out focus areas for development
Talks about quality education, better infrastructure, good agricultural practices More

CINEMA
Malayalam animation film in offing
More

FOREIGN DIRECT INVESTMENT
Proposals for investment in Unitech Group entities withdrawn
3 firms had earlier made applications to FIPB More

RURAL DEVELOPMENT
Long distance operators not paying levy: BSNL
All dues cleared, say some telephony operators More

HUMAN RESOURCES
‘Migration of biz processes is creating new biz models’
Perception of India is changing: Ma Foi chief More

193 IIM-K students hired in summer placements
Kochi Nov. 6 Summer placements 2008 at IIM-Kozhikode saw participation by 66 recruiters from India and abroad with offers for 193 students, including participants of the Fellow Programme in Management. Some of the new names added this year to ... More

Shortage of building workers slowing down industry growth
A study by CII confirms the alarming trend More

REGULATORY BODIES & RULINGS
DoT may look into tariff cartel among operators
New Delhi, Nov. 6 Department of Telecom is likely to examine allegations against large GSM companies of forming a cartel in fixing tariffs. Consumer groups have urged DoT to look into instances where operators including Bharti Airtel and ... More

EVENTS
The Hindu Friday November Fest from Nov 10
Chennai, Nov 6 The third edition of The Hindu Friday Review November Fest will begin on November 10 with a recital by the Pakistani father–son duo Ustad Fateh Ali Khan and Rustam Fateh Ali Khan in the ‘Classical Raaga’ ... More

ENTREPRENEURSHIP
IT cos give seed capital, support for aspiring entrepreneurs to retain staff
Mumbai, Nov 6 An entrepreneur within the organisation seems to be the new mantra of employers to retain the young employees who change jobs . “Attrition is a fact of life, but we have to learn to tackle it,” said Ms Anu Aga, ... More

EXPORTS & IMPORTS
‘Duty credit against exports under passbook scheme valid till Dec 99’
Chennai, Nov. 6 The policy of duty credits to exporters announced by the Directorate General of Foreign Trade, in March 1995, shall hold good till December 31, 1999, as stipulated by Government, the Madras High Court has ruled. A ... More

Ban on groundnut kernels, sesamum seeds export likely
New Delhi, Nov. 6 A proposal for banning export of groundnut kernels and sesamum seeds is being taken by the high-level Committee of Secretaries, which is scheduled to meet here on Wednesday.According to sources, the Centre is concerned ... More