The Hindu Business Line : Thursday, December 06, 2007

‘Keep abreast of market developments’
Tiruchi, Dec 5 The high rate of economic growth, favourable demographic profile and the market potential are the factors that have enabled the country to emerge as the hotspot for investors across the globe, Ms S. Gayathri, Manager (Finance), ... More

ENVIRONMENT
Enam in pact for greenhouse gas project
Financial services group ENAM and Sindicatum Carbon Capital International Ltd, a turnkey developer of Greenhouse Gas abatement projects have signed a 50:50 agreement which is intended to lead the climate mitigation market in India via the ... More

INFRASTRUCTURE
JNPT to set up port-based SEZ
Invites bids for consultant More

ADB to assist States weak in infrastructure
Favours public-pvt participation to tackle deficit More

PSU
Keltec will go to BrahMos next month
Thiruvananthapuram, Nov. 5 The State-owned Kerala Hitech Industries Ltd (Keltec) will be formally handed over to BrahMos Aerospace, the Indo-Russian joint venture for manufacturing cruise missiles, next month. The transfer deed in this ... More

PETROLEUM
ONGC Videsh, Hindujas to jointly tap oil and gas opportunities in Iran
New Delhi, Dec. 5Hungry for acquiring more oil and gas assets abroad, ONGC Videsh Ltd (OVL) is set to ink an understanding with the Hinduja Group for jointly exploring the possibilities of acquiring acreages overseas. Sources told More

IndianOil Paradip-Haldia crude pipeline may go on stream in Jan
Kolkata, Dec 5 After prolonged delay, IndianOil may be just weeks away from operationlising its Paradip-Haldia crude pipeline. According to sources, the pipeline is expected to transport crude at lower cost to Haldia and Barauni refineries ... More

PHARMACEUTICALS
M&A the main driver for value unlocking in Indian pharma
More

Combination drugs: Controller to file affidavit
New Delhi, Dec. 5 The Drug Controller General of India (DCGI) will be filing a counter affidavit in a week’s time to the stay orders it has received from the Madras high Court against its plans to take the 294 fixed dose combination ... More

POWER
SkodaExport bullish on Jharkhand power projects
More

Assurances on nuke deal do not convince Left, BJP
New Delhi, Dec. 5 The Left parties and the opposition BJP remained unconvinced about the assurances made by the Government during the course of the marathon debate on the Indo-US nuclear deal in Rajya Sabha. Left members joined the BJP ... More

Power initiative
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CII's Energy Expo 2007 from Dec 7
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Power cut: Plea for VAT refund
The Tamil Nadu Chamber of Commerce & Industry, upset at the frequent power cuts in the State, has appealed for refund of value added tax (VAT) paid on diesel used by industrial units. The chamber President, Mr S. Rethinavelu, in a statement ... More

STEEL
Rlys hikes freight charges for iron ore exports yet again
Congestion surcharge up 60% from 35% More

TAXATION
Amendments to India-UAE tax treaty coming into force next year
Includes determination of resident status More

SSI
Bank officers’ union takes up cause of SMEs
Kochi, Dec. 5 The All India Bank Officers Association (AIBOA) has pointed out that despite the high employment potential of small and medium enterprises, self employment categories and medium scale enterprises which contribute 40 per cent of ... More

MANAGEMENT
Management award
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FOODS & FOOD PROCESSING
FICCI unveils 10-point strategy for food processing sector
New Delhi, Dec. 5 In an attempt at re-energising the agricultural sector and enabling it to reach the targeted 4 per cent annual growth during the Eleventh Plan, the Federation of Indian Chambers of Commerce and Industry (FICCI), on Wednesday ... More

REAL ESTATE & CONSTRUCTION
Realty show begins tomorrow in Bangalore
Bangalore, Dec 5 Over 42 property developers and five housing finance institutions are expected to participate in the two-day realty show organised by the Karnataka Ownership Apartments Promoters Association in Bangalore. The KOAPA ... More

INDUSTRY ASSOCIATIONS
Spectrum: Operators differ on mandate given to panel
Chandrababu Naidu seeks PM’s intervention More

BIO-TECH & GENETICS
India YES team pitches idea for probiotic deo
New Delhi, Dec. 5In an attempt to boost biotech entrepreneurship in India and help UK scientists build links with Indian colleagues, a team of Indian researchers, recently pitched its proposal for a hypothetical biotech company at the final of ... More

FOREIGN DIRECT INVESTMENT
‘Good investment climate in Bengal’
Kolkata, Dec. 5 The British industry is “positively impressed” about the investment climate in West Bengal, according to Mr Richard Stagg, the new British High Commissioner to India, who is on his first visit to West Bengal ... More

EVENTS
Aqua Regia quiz winners
Hyderabad, Dec. 5 The team from SSS Singhania School, Mumbai, has won the national finals of ‘Aqua Regia’, an inter-school quiz competition conducted by the Triumphant Institute of Management Education Pvt Ltd (T.I.M.E) here on ... More

SOCIETY & DEVELOPMENT
Trust donates Rs 50 lakh to AMA
Ahmedabad, Dec 5 The Ahmedabad Management Association (AMA) has received Rs.50 lakh from a religious trust that runs a century-old homeopathic clinic, known for treating more than three million patients for a nominal fee of one rupee per day, ... More

EXPORTS & IMPORTS
Tyre exports increase despite rupee rise
‘Lower domestic demand from OEMs led to sudden surge’ More

VENTURE CAPITAL
Five-fold rise in venture capital investments
Mumbai, Dec. 5 Venture capitalists invested more than $777 million in India in the period up to September 2007, according to the Quarterly India Venture Capital Report. This was nearly five times the $158-million invested during the ... More

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