The Hindu Business Line : Saturday, January 12, 2008

NON-CONVENTIONAL ENERGY
Bio-diesel industry seeks clear policy
Mumbai, Jan. 11 Even though bio-diesel is widely acknowledged as the fuel of the future and green energy, the current approach and policy support of the Government to promoting this renewable form of energy is far from clear; and as a result, ... More

AUTOMOBILES
A long wait
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COURTS/LEGAL ISSUES
HC contempt notice to Biman Bose, 2 others
Kolkata, Jan 11 A Division Bench of the Calcutta High Court comprising the Chief Justice, Mr S.S. Nijjar, and Mr Justice P.C. Ghose on Friday directed the Registrar General of High Court to serve criminal contempt notice on Mr Biman Bose, ... More

SC allows Reliance Power IPO launch on Jan 15
New Delhi, Jan. 11 The Supreme Court on Friday passed a blanket interim order allowing Reliance Power Ltd to launch its Rs 10,000-crore initial public offering (IPO) as scheduled on January 15 notwithstanding any order passed by any other ... More

ECONOMY
Industrial growth falls to 5.3% in Nov ’07
New Delhi, Jan 11 After notching a growth of 11.8 per cent in October 2007, industrial growth plummeted to 5.3 per cent in November that year. The fall is also significant when compared to the 15.8 per cent growth registered in November 2006 ... More

‘US economy will bounce back, $ will rise’
More

AP’s revenue earners fail to meet targets
Regain lost ground in last quarter, CM tells departments More

Mizoram Plan outlay fixed at Rs 1,000 cr
New Delhi, Jan 11 The annual Plan of Mizoram for 2008-09 has been pegged at Rs 1,000 crore, inclusive of additional Central assistance of Rs 70 crore for projects of special interest to the State.This was finalised at a meeting between ... More

ENVIRONMENT
Diesel City to promote clean fuel
More

FERTILISERS
Centre to spend Rs 3,500 cr on Andhra Pradesh fertiliser plant
As part of its plan to revive a few fertiliser plants across the country keeping in mind the shortage of fertilisers, the Union Government has given in-principle nod to revive the plant at Ramagundam in Andhra Pradesh.“The Centre ... More

FOREIGN TRADE
Liberalisation opened new opportunities in India: Greece PM
New Delhi, Jan 11 Liberal tax reforms, new investment law, law on public-private partnerships, liberalisation of the energy market, reduction in corporate tax rates and simplifications of procedures have opened new investment opportunities for ... More

INFRASTRUCTURE
Farmers obstruct KSEZ officials
Farmers of Sriramapuram village in Kakinada rural mandal on Friday obstructed the officials of the Kakinada Special Economic Zone (KSEZ) officials, when the latter went to the village to demarcate its boundaries. Some anti-SEZ activists ... More

EOU to boost software industry in Tiruchi
Tiruchi, Jan. 11 A warehousing station for the limited purpose of setting up a 100 per cent Export Oriented Unit (EOU) would come up at Pirattiyur village in Srirangam Taluk in the district, under the Software Technology Park Scheme. ... More

PETROLEUM
ONGC’s exploration campaign may be halted for 6 months
ONGC’s deep and ultra-deepwater offshore exploration campaign may come to a standstill for at least six months between January and June, as the contract with the sole chartered floater in its disposal — Discoverer Seven Seas (DSS) ... More

‘Oil firms can make ethanol from cane juice’
Will have to establish new mill or take over existing ones More

POWER
Trading on Energy Exchange will help realise better price discovery
‘Has advantage of transparency, counterparty guarantee and anonymity’ More

TECHNOLOGY
India found wanting in overall technology diffusion
World Bank report says it still lags behind middle-income countries More

WATER
Punjab Govt, Naandi Foundation sign MoU
Hyderabad, Jan. 11 The Punjab Government has invited Naandi Foundation to provide clean drinking water to the people in Gidderbaha tehsil.Mr Vikas Garg, Deputy Commissioner of the tehsil, has signed a memorandum of understanding with ... More

EDUCATION
AICTE looking into urban-rural divide in biz schools
Here is some good news for the aspirants of management education in semi-urban and rural areas. The All Indian Council for Technical Education (AICTE) is now working on ways and means to ensure quality management education in semi-urban and ... More

Management fest at IIM-K inaugurated
Kochi, Jan. 11 The management festival of IIM-K, Backwaters, was inaugurated on Friday. The flagship event of Backwaters 08, the Reliance White Knight, which is conceptually unique across all B-School fests in the country, also got under ... More

CARS
Showdiff pulls off Nano event
Mumbai, Jan. 11 ‘It’s here. The new Tata Nano. To end speculation, debate and talk.’ Creating a launch ad and keeping the name of the world’s cheapest car under wraps was the biggest challenge faced by Showdiff, the ... More

‘Nano may not be made in other plants for now’
New Delhi, Jan 11 Tata Motors plans to expand the capacity of its Singur plant by 1 lakh units to about 3.5 lakh units and only after it starts working to its full capacity will the company look at other sites for manufacturing its Nano ... More

Nano impact: Analysts adopt wait and watch approach
Mumbai, Jan 11 The Tata Motors’ Nano might have earned plaudits from auto industry. But the investment community would still prefer to wait and watch. “It has just been unveiled. The actual launch will be in the last quarter ... More

ICML’s world car to hit market by 2010
International Cars and Motors Ltd (ICML), a Sonalika Group company, has announced its plans to launch a world car by 2010. The company has entered into a technical collaboration with Italian car designer Pininfarina for design and process ... More

Splash time
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‘Nano may impact petrol-driven auto-rickshaw sales’
Experts are divided over whether the Tata Nano would affect the market for auto-rickshaws (3-wheeler passenger vehicles) or not. However, the predominant view appears to be that the ‘people’s car’ might dent the market for ... More

Mahindra to launch LPG Logan
Mahindra Renualt would be launching LPG Logan in three to five months’ time that is currently being showcased at the Auto Expo. “The LPG Logan is expected to be priced at Rs 35,000-40,000 higher than the existing model,” said Mr ... More

AUTOMOBILE COMPONENTS
Nano suppliers learn lessons for global portfolio
Even as the Tata’s Rs 1-lakh car flummoxes onlookers and competition alike about how that seemingly impossible price target was met, the real story of cost control for the Nano started amongst the suppliers to the project. And ... More

Bosch to supply key components for Nano
In talks for supplying CRDi systems for diesel version More

Delphi-TVS investing Rs 500 cr
Delphi-TVS Diesel Systems said on Friday that it will invest Rs 500 crore in its manufacturing plant as well as in its technical centre in Chennai. The Delphi-TVS President, Mr J.S. Chopra, told newspersons that most of the investments will go ... More

HCV/LCV/TRACTORS
M&M plans sub 1-tonne LCV in H2 of 2008
New Delhi, Jan. 11 Tata Motors’ Ace may not be able to enjoy its dominant presence in the sub one-tonne light commercial vehicle segment as Mahindra & Mahindra is planning to launch its product in the same segment in the next few ... More

GEMS & JEWELLERY
Training in diamond cutting
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REAL ESTATE & CONSTRUCTION
CII, DMAG to organise real estate exhibition in October
To showcase India’s progress and capability, offer a platform to investors More

Bandra Kurla Complex: Rentals rise in line with record property prices
More

‘No input credit on construction services used in immovable property’
The Finance Ministry has taken a stand that service tax paid on construction services used in an immovable property cannot be adjusted against the service tax payable on the renting of such a property for commercial purposes. Renting of ... More

DLF lowers price for residential project in Chennai
Announces tentative price of Rs 2,800-3,000/sq ft More

MINING & QUARRYING
Canadian help sought in gold, diamond exploration
New Delhi, Jan. 11 The Minister of State for Mines, Mr T. Subbarami Reddy, has requested the visiting Canadian Government officials for the transfer of technology for exploration and mining of gold and diamonds. “We have urged the ... More

EVENTS
Exhibition on Italian design
An itinerant exhibition of 100 great objects of Italian design developed after 1945, including the legendary Vespascooter, Olivetti typewriter and Grillo telephone, today came to the National Institute of Design (NID) here. Mr Antonio Armellini, ... More

EXPORTS & IMPORTS
India to export tobacco to China after 12 years
It will provide an important market outlet to growers, traders More

‘Allow duty-free import of 1 lakh tonnes rubber’
Industries body seeks removal of commodity from futures trading list More

Rlys declines to cut tariffs for iron ore exporters
Exporters threaten shift to other modes of transportation More

TOURISM
Bahrain co plans medical resort
One of the largest employers of Indians in Bahrain, Nasser S Al Hajri Corporation (NSH), a construction company, will invest Rs 100 crore in a medical tourism project in India. Mr Ravi Pillai, MD of the company, said: “We will invest Rs 100 ... More

ECONOMIC OFFENCES
‘Serious fraud, corruption in health projects’
Funds disbursal after DIR findings: World Bank report More