The Hindu Business Line : Saturday, December 29, 2007

INFRASTRUCTURE
Bengal deep-sea port: Terms of reference for bids soon
Kolkata, Dec. 28 The proposal for deep-sea port in West Bengal came up for a review at a high-level meeting held here on Friday. Mr A.K. Mohapatra, Union Shipping Secretary, presided and senior officials of the West Bengal Government including ... More

PETROLEUM
YEAR-ENDER
High crude prices haunt oil sector in 2007
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IOC to decide on explosives business next fiscal
The business was acquired through IBP merger More

Crude oil imports in November up 6.5%
New Delhi, Dec. 28 To cash in on strong margins that make oil product exports attractive, and grow domestic demand, Indian refiners imported 6.5 per cent more crude oil in November this year compared to the same month last ... More

RCF, GAIL tie up for Orissa project
Rashtriya Chemicals & Fertilizers Ltd signed a MoU on Friday GAIL for jointly setting up coal gasification project at Talcher in Orissa, according a BSE notice. The gasification process produces synthesis gas, which can be used in production ... More

PHARMACEUTICALS
YEAR ENDER
Pharma sector's mixed bag of fortunes
The year gone by Sun Pharma's Taro acquisition pending closure. Madras HC rejects Novartis' patent application on cancer drug Glivec. Medicine prices on Government radar with Group of Ministers looking into proposed pharma policy. More

POWER
Geneva Software messaging solution for APCPDCL
Hyderabad, Dec. 27 Geneva Software Technologies Ltd., has tied up with Andhra Pradesh Central Power Distribution Company Ltd (APCPDCL) to enable the latter to send SMS alerts in multiple languages.While this service would be available ... More

WATER
Water year
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EDUCATION
IIT Kharagpur plans Rs 400-cr investments; to build new complex
Kolkata, Dec. 28 Indian Institute of Technology, Kharagpur (IIT-KGP) has firmed up plans to invest Rs 400 crore in a number of projects with a view to accommodating more students and enlarging its academic programme base. Addressing ... More

Banking institute signs pact with college
Coimbatore, Dec 28 The Indian Institute of Banking and Finance, Mumbai has signed a pact with the Sri Krishna Arts and Science College here to train students pursuing their UG programme set up career path in banking services.“The ... More

REAL ESTATE & CONSTRUCTION
AI, Indian’s land assets revalued at Rs 6,000 cr
The exercise would help boost NACIL’s net worth, which is currently very low. It would also help raise funds for a variety of activities. More

Builders’ association welcomes REIT proposal
Mumbai, Dec. 28 Real estate mutual funds will not only offer small investors space in the realty segment but also help bring down prices, according to the Mumbai Chapter of the Builders Association of India.Market regular, Securities ... More

INDUSTRY ASSOCIATIONS
Ranjit Puri is new ISMA President
Mr Ranjit Puri, Chairman of Saraswati Sugar Mills Ltd, has been elected President of the Indian Sugar Mills Association. He succeeds Mr P. Rama Babu, Managing Director of E.I.D. Parry (India) Ltd. Mr Samir S. Somaiya, Executive Director, Godavari ... More

EVENTS
Buddhadeb defends corporates’ retail entry
Kolkata, Dec. 28 The West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, on Friday defended entry of corporate houses in retail, saying, “if we want a market mechanism, we must allow corporate houses in retail, though slowly and ... More

`5S' award function
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INCOME TAX
Beg to differ, my lord!
A trust publishing books such as Ramayana, Mahabaratha, Bhagavatha and other maha kavyas was denied exemption under Section 80G of the Income-Tax Act for the donations it received. The ... More

FBT on ESOPs clarified
Though the recent CBDT circular on fringe benefit tax on employee stock options is welcome, a few issues require further clarification. More

EXPORTS & IMPORTS
Panel set up to review rubber exports
Kottayam, Dec. 28 A sub committee has been constituted by the Rubber Board to review the progress of rubber export and supervise the steps to enhance the export. The decision was taken at a meeting of exporters convened by the Rubber ... More

Tea exporters’ earnings down
Coonoor, Dec 28 Tea exporters have earned Rs 312 crore less in the first 10 months of 2007 compared with the same period a year ago, an analysis of the information available with the Tea Board reveals.Between January and October 2007, ... More

NATURAL CALAMITIES
‘Centre to consider flood aid for TN’
The Union Finance Minister, Mr P. Chidambaram, has assured that the Centre would consider the Tamil Nadu Government’s demand for Rs 1,510 crore of assistance for relief and restoration in the wake of the extensive damages caused by the ... More