The Hindu Business Line : Wednesday, December 05, 2007

NRIS
Centurion’s service for NRIs in Canada, UK
Mumbai, Dec. 4 Non-resident Indians in Canada and United Kingdom can get all information regarding account operations through ‘Post Box Service’ without incurring any courier charges. Centurion Bank of Punjab has launched ... More

PNB, Oriental Bank revise FCNR (B) rates
Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC) have revised interest rates on foreign currency non-resident (banks) deposit scheme with effect from December 1 this year.For both these banks, the interest rates on US ... More

ECONOMY
Policy of inclusive growth essential for Asia: Reddy
Mumbai, Dec. 4 Asian countries must adopt a policy of inclusive growth as two-thirds of the world’s desperately poor people live in Asia, said the Reserve Bank of India Governor, Dr Y. V. Reddy. Dr Reddy was speaking on “The Rise ... More

FOREIGN TRADE
Singapore pact: Products list yet to be notified
New Delhi, Dec 4 Even after the Union Cabinet gave its nod to the amendment of India-Singapore Comprehensive Economic Cooperation Agreement (CECA) for tariff elimination/reduction on 555 products which was said to have taken effect on December ... More

British envoy to meet Buddhadeb today
Will hold discussions with Governor, senior officials More

PSU
State transportation could be PAT +ve!
10 State-level undertakings post profits in first quarter More

PETROCHEMICALS
Reliance, GAIL join hands for petrochem complexes
Mumbai, Dec. 4 Reliance Industries Ltd and GAIL (India) Ltd on Tuesday signed a memorandum of understanding for joint co-operation in petrochemicals. They will create a special purpose vehicle for setting up petrochemical complexes in West ... More

PETROLEUM
IndianOil may take up crude hedging
Continued volatility in global prices More

POWER
Power exchange: CERC yet to clarify on key issues
Allocation of transmission capacity to multiple power exchanges for trading More

SSI
Nimsme meet
Hyderabad, Dec. 4 Micro, small and medium enterprises (MSMEs) start-ups are getting positive response from both governmental and non-governmental sections, according to the Andhra Pradesh Minister for SSI, Mr Gollapalli Surya Rao. ... More

TRAVEL & PLACES
Madurai passport office to open soon
Madurai, Dec 4 The new Regional Passport Office for Madurai near Lotus Tank along Alagarkoil road will start functioning from December 15 and independently attend to all process for issuing passports for people in the nine southern districts ... More

COAL
Coal India may see dip in profits
In a squeeze due to non-revision of notified price for over 3 years More

Chennai port to have closed coal conveyor system
Chettinad Logistics to install the system More

EDUCATION
Czech keen on R&D collaboration with Indian universities
Hyderabad, Dec. 4The Czech Republic is keen on forging research collaboration with Indian universities and institutes, according to Mr Premysl Sobotka, Chairman of that country’s Senate. Speaking at a function to mark the signing ... More

FOODS & FOOD PROCESSING
Organic food still out of reach for consumers: Nielsen study
‘Marketers need to build credibility for products’ More

MEDICAL INSTITUTIONS & HOSPITALS
Healthcare sector looks at innovation to improve access
‘Pvt sector should not be expected to subsidise healthcare for the poor’ More

Junior doctors on strike in Hyderabad
Hyderabad, Dec. 4 The strike by junior doctors at Niloufer Hospital, the paediatric referral hospital here, is likely to spread to different parts of the State, with doctors and nurses threatening to join the agitation.The strike began ... More

REAL ESTATE & CONSTRUCTION
Chennai IT space lease rents fall
Mushrooming supply, poor development of IT Corridor More

Aparna group plans township near Hyderabad
Hyderabad, Dec. 4 Morgan Stanley Real Estate has formed a 50:50 joint venture with Aparna group to develop ‘Aparna Laketown’ in Nalagandla near here.The joint venture company would develop high-end residential accommodation ... More

HANDLOOM
Sops to AP handloom sector
Hyderabad, Dec. 4 Giving a boost to the ailing handloom sector in the State, the Andhra Pradesh Government has announced a slew of sops, which include extending ‘pavala vaddi’ (3 per cent interest rate) scheme.Addressing a ... More

SCIENCE & TECHNOLOGY
Keltec to be handed over to BrahMos
More

DISINVESTMENT
AI could enter market for divesting up to 15% equity by mid-08: Patel
New Delhi, Dec. 4 Air India could enter the market to divest up to 15 per cent of its equity in mid-2008, the Minister for Civil Aviation, Mr Praful Patel, said on Tuesday. Speaking to the media on the sidelines of the India Economic ... More

FOREIGN DIRECT INVESTMENT
Continental AG among 16 FDI plans cleared
New Delhi, Dec. 4 The Finance Minister, Mr P Chidambaram, has approved 16 foreign direct investment (FDI) proposals including that of Continental AG, W.Lucy & Co, HIPE Transport Ventures, Dolce & Gabbana, South Asia Multimedia ... More

HUMAN RESOURCES
‘Rising rupee forcing Tirupur exporters to lay off workers’
Recently in Tirupur To offset the effect of rupee appreciation, exporters in Tirupur are laying off workers on one hand and roping in production engineers from countries such as China, Vietnam, Cambodia and other places on the other to ... More