The Hindu Business Line : Thursday, November 08, 2007

URBAN DEVELOPMENT
TN gives nod for Rs 9,757-cr Chennai Metro Rail system
Chennai, Nov. 7 The Tamil Nadu Government has approved in-principle the creation of a Chennai Metro Rail system at a cost of Rs 9,757 crore.According to an official press release, the Tamil Nadu Cabinet, which met on Wednesday, took a ... More

EMPLOYMENT
1 lakh new jobs likely in AP in current fiscal
Hyderabad, Nov. 7 Over one lakh jobs would be provided to rural youth in Andhra Pradesh under Employment Guarantee and Marketing Mission (EGMM) in the current fiscal year, according to Mr Chinna Reddy, State Minister for Rural ... More

NRIS
Pravasi Bharatiya Divas to focus on healthcare
Scheduled for January 7-9, 2008 More

INVESTMENTS
‘Investment demand to drive silver market’
Mumbai, Nov. 7 Investment demand will remain the key to silver’s price prospects over the next year. Silver prices are forecast to range between $13.20 and $16.50 an ounce over the next 12 months as investment is expected to drive silver ... More

ECONOMY
Govt feels pressure as crude nears $100
Decision on fuel price next week More

ENVIRONMENT
GMR airport aims to be a green project
Hyderabad, Nov. 7 When the Rs 2,478-crore Rajiv Gandhi International Airport begins commercial operations in March, it is going to be the greenest airport in the country and one of the few such in the world.GMR Hyderabad International ... More

FOREIGN TRADE
Global trade fair begins on Nov 14
More

INFRASTRUCTURE
‘Raising Plan expenditure while curbing subsidies is the key’
Plan panel bullish on pvt-public partnerships for infrastructure More

PETROLEUM
Indo-Nigerian ties: Strategic for energy security
More

Turkey foray: IOC may have to rework strategies
Tying up with Azerbaijan and Kazakhstan cos will help clear hurdles More

Mauritius invites IOC to take up LPG distribution
Company looking at hydrocarbon opportunities in Africa More

NEWS ANALYSIS
‘Higher energy demand in India will raise import of oil, gas, coal’
IEA’s World Energy Outlook’s specific focus on India More

Rising crude prices, a cause for concern: Deora
New Delhi, Nov 7 Voicing concern over the surge in international crude oil prices, the Petroleum Minister, Mr Murli Deora, said that it posed danger of economic dislocation to developing countries. Addressing the first India-Africa Hydrocarbon ... More

GAIL attracts investors’ interest on Nigeria deal
Overall outlook for oil & gas sector positive More

POWER
China, India growth may prompt energy crunch: IEA
More

Chidambaram holds talks on power target
New Delhi, Nov. 7 The Finance Minister, Mr P. Chidambaram, on Wednesday chaired a meeting of representatives from the Power and Heavy Industries Ministries to take stock of the preparedness to achieve the power capacity addition target of ... More

TEXTILES
SIMA wants cut in power tariff
Coimbatore, Nov 7 The Southern India Mills Association (SIMA) has sought a reduction in power tariff in Tamil Nadu so as to provide a level playing field to the industries in the State.It also wanted framing of a new textile policy in ... More

EDUCATION
Security seal to solve fake certificates issue
Bangalore, Nov 7 There could soon be a solution to the fake certificate issue plaguing the employment market in the country. The Bangalore-based security solutions provider Customer Infinity Services Ltd (CISL) has embarked on a pilot ... More

GEMS & JEWELLERY
RBI eases remittance limit for diamond importers
Mumbai, Nov 7 The Reserve Bank of India has further relaxed the remittance limit to $300,000 from $100,000 to importers of rough diamonds provided import bills and documents are directly procured from overseas suppliers. The importer ... More

Gold loses lustre this festive season; high prices prove a dampener on sales
Firm international trend lifts price to Rs 10,685 per 10 gm More

MEDICAL INSTITUTIONS & HOSPITALS
Apollo plans 250 lifestyle clinics
Apollo Health and Lifestyle Limited (AHLL), a wholly-owned subsidiary of Apollo Hospitals group, opened its 54th Apollo Clinic at Kondapur, abutting the Hi-Tec City here. “We have signed up for 20 more clinics in the next few months. The ... More

REAL ESTATE & CONSTRUCTION
TN sets up panel on land acquisition for industrial use
Govt leases out 2 sugar mills More

REIT Asset plans $500 m investments
Kolkata, Nov. 7 REIT Asset Management, a UK based private property company managing real estate assets worth $7 billion globally, plans to invest $500 million (nearly Rs 2,000 crore) in various real estate projects across India in next three ... More

Kolte-Patil Developers to tap capital market
Mumbai, Nov. 7 Kolte-Patil Developers Ltd, a real estate developer, will be entering into the capital market with an initial public offering (IPO) of 1.9 crore equity shares of Rs 10 each for cash at a price to be fixed through a 100 per cent ... More

INDUSTRY ASSOCIATIONS
COAI files affidavit against spectrum criteria
This is in addition to the legal petition More

HANDLOOM
NIFT centre in Kannur by December
Thiruvananthapuram, Nov. 7 The proposed centre of the National Institute of Fashion Technology (NIFT) in Kannur will start functioning in December this year.The centre will focus on production of modern apparels using khadi and handloom ... More

EVENTS
IIM Calcutta biz meet in Jan
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EXPORTS & IMPORTS
Conditional nod for rice shipments from Kakinada
Stocks brought into warehouses till Oct 10 allowed: DGFT More

Floriculture: ‘Internal market can aid growth’
Logistics hampering exports More

Kenya emerges top tea exporter
Coonoor, Nov. 7 Kenya has emerged as the world’s largest exporter of tea in the seven months of this year, surpassing Sri Lanka and China. An analysis of the export details of the various countries indicates that the recovery of ... More