The Hindu Business Line : Thursday, November 29, 2007

For a durable growth story
There’s no question of a slowdown as the consumer durables industry enjoys exceptional growth this year with all classes of consumers on a buying spree. More

COURTS/LEGAL ISSUES
DSQ scam: Dalmia bail plea rejected
Kolkata, Nov. 28 A Division Bench of the Calcutta High Court comprising Mr Justice Amit Talukdar and Mr Justice Tapan Mukherjee rejected the bail prayer of Mr Dinesh Dalmiya, the prime accused in the Rs 120-crore Calcutta Stock Exchange (CSE) ... More

EXCISE AND CUSTOMS
Feeder operators plan to levy congestion surcharge
Chennai, Nov. 28 The Asian Feeder Discussion Group consisting of container feeder operators operating in and out of Chennai plans to levy a congestion surcharge of $100 a TEU (twenty foot equivalent units) following delays in turnaround of ... More

FOREIGN TRADE
COMMODITY COMMENTARY
Asean FTA: Time to introspect on domestic oilseed cultivation
In the absence of a clear strategy to put our own house in order, the FTA negotiations appear to be farcical. Negotiations are conducted between equals and in a level playing field. But here is a situation where everyone knows India is vulnerable. More

EU free trade pact: Consultations on to identify ‘sensitive list’
Industry asked to submit its request by Dec 1 More

Investing in India makes British cos stronger, says Richard Stagg
‘If you do not move with speed, the other guy will overtake you’ More

Indian cos urged to look at Rotterdam as gateway to Europe
Chennai, Nov. 28 Indian businesses could look at a presence in Rotterdam to gain a foothold in Europe, according to Mr Mark Harbers, Vice-Mayor, Economic Affairs of Port and Environment, Rotterdam.Mr Harbers, a member of a business ... More

HEALTH
‘US healthcare sector in deep crisis’
Hyderabad, Nov. 28 The US produced 65 per cent of all Nobel laureates in Medicine during 1950-2006. It spends 16 per cent of its GDP (Gross Domestic Product) on healthcare, about 200 times more than what India spends.Yet, the healthcare ... More

Australian institute opens India centre
Hyderabad, Nov. 28 The George Institute for International Health (GIIH), a Sydney-based not-for-profit health research institute, has announced the launch of George Institute, India. The GIIH signed a Memorandum of Understanding (MoU) ... More

INFRASTRUCTURE
Meet on Mangalore SEZ stalled
The public consultation on environmental impact of the Mangalore Special Economic Zone (SEZ) at Bajpe village in Mangalore taluk on Wednesday was closed abruptly as a section of villagers did not allow the Chair to proceed with the meeting. ... More

PETROLEUM
SEBI norms allow for 9 working days before deals hit market
Sources say a ‘case exists for tightening the duration’ More

Special audit for 20 oil block contracts
Almost 20 oil and gas production sharing contracts (PSCs) signed under the New Exploration Licensing Policy (NELP) I – V and pre-NELP regime are being audited by the Comptroller and Accountant General of India (C&AG). This move ... More

Pranab to head GoM on petrol pricing
New Delhi, Nov. 28 The recently constituted Group of Ministers (GoM) to look into the pricing of petroleum products will be headed by the External Affairs Minister, Mr Pranab Mukherjee. The other members of the GoM include the Defence ... More

ONGC Videsh bags two blocks in Brazil
New Delhi, Nov. 28 ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, has bagged two blocks in Brazil. The company has bagged a deepwater Block 470 in Espirito Santo basin and a shallow water Block 1413 in Santos basin, ... More

Air leakages at ONGC Mehsana wells
New Delhi, Nov. 28 Leakages at ONGC’s air injection wells in Mehsana asset in Gujarat could marginally affect the company’s output from the region. The leakage seems to have resulted in air and mud blow out in three shallow tube ... More

PHARMACEUTICALS
Pharmexil urges Centre to extend EoU sops
Hyderabad, Nov. 28 Pharmexil has decided to urge the Centre to extend export-oriented unit (EoU) concessions beyond 2009 and allow pharma companies to set up units in special economic zones.This is part of the efforts of the pharma ... More

PLASTICS
‘Plastic Rath’ flagged off
Kolkata, Nov. 28 The Indian Plastics Federation, in association with the All-India Plastics Manufacturers’ Association and Plastindia Foundation on Wednesday flagged off the ‘Plastic Rath” from Kolkata on a nine-day tour of ... More

POWER
Nuke deal does not take away right on future tests
Manmohan Singh’s assurance in Parliament More

No power cut in AP, promises CM
More

TAXATION
Working group recommends dual goods and service tax
Will send its final recommendations to the Centre next month More

‘AP a model on VAT refunds’
Kolkata, Nov. 28 Identifying the inordinate delay in VAT refunds by many of the States as the biggest hurdle for the exporting community, coming on the back of a sharp rupee appreciation, high export credit cost and rising raw material prices ... More

TEXTILES
Textile industry seeks relief from PM
Mumbai, Nov. 28 The woes of the Indian textile industry caused by fast eroding competitiveness in the face of a rapidly appreciating rupee have reached the Prime Minister who has reportedly assured appropriate measures to reverse the decline ... More

SSI
UK-based SME body setting up India chapter
New Delhi, Nov. 28 Genesis Initiative, a UK-based umbrella for small and medium enterprises, is setting up an India chapter. The organisation will promote the interests of domestic SMEs at the Government level, besides fostering ... More

Oriental Bank to focus on SMEs in eastern region
Kolkata, Nov.28 Oriental Bank of Commerce (OBC) in eastern region has identified small and medium enterprises in infrastructure, machinery manufacturing, plastics and paper as thrust areas for purpose of advances. In the lower end, ... More

RADIO/TV
Let both telecom, cable operators offer Internet Television: TRAI
Regulator issues fresh draft recommendations More

EDUCATION
Girl power
More

CARS
3 Chevrolet models find top spot in J.D. Power study
Mumbai, Nov. 28 Three Chevrolet models rank highest in their respective segments in initial quality valuations in India, according to the J.D. Power Asia Pacific 2007 India Initial Quality Study (IQS) released on Wednesday. The study, ... More

REAL ESTATE & CONSTRUCTION
TVS Group to sell 6.18 acres at Nandambakkam
More

CINEMA
UFO Moviez plans to offer 3-D films
More

FOREIGN DIRECT INVESTMENT
Media stocks hog limelight
FDI announcement triggers buying interest More

EVENTS
Maruti, Suzuki hope to score with new concept car
Global launch of Concept A-Star at Auto Expo 2008 planned More

ENTREPRENEURSHIP
Entrepreneurship training for youth
Maditssia Business Information Centre (BIC) is organising an ‘Entrepreneurship Training Programme for Unemployed Youths’ on December 1. The programme will provide details about potential opportunities in Madurai district, ... More

EXPORTS & IMPORTS
Crude imports dip 1.4% in October
New Delhi, Nov. 28 Crude oil imports in October saw a decline of 1.4 per cent as compared to the same month last year, while domestic petroleum product sales registered a growth of 9.9 per cent. The reason for dip in crude oil imports ... More

‘SBI move to reject LC to Iran may hit tea exports’
Jairam Ramesh draws Finance Minister attention to the issue More

ECONOMIC OFFENCES
Tea prices decline due to ‘adulteration’
More