The Hindu Business Line : Wednesday, February 06, 2008

INTERIORS & HOMES
Interior designing market set to register 60% growth
Kolkata, Feb. 5 The interior designing market in India is all set to register a 60 per cent growth rate this year. With the real estate sector expected to grow by 40-45 per cent, the interior designing market is catching up fast.The ... More

CHEMICALS
Chemical Summit in Ahmedabad from Feb 8
Ahmedabad, Feb 5 The Gujarat Chemical Association (GCA) will organize the Asian Chemical Leaders’ Summit 2008 to bring together leaders of chemical industry from across Asia on February 8 and 9 at Nirma University here. Giving this ... More

ECONOMY
Marginal decline in sectors showing negative growth: CII
Circuit breakers, transformer cos post robust growth More

Fed reassures markets, mothballs inflation fears
More

Uttarakhand annual Plan fixed at Rs 4,775 cr
New Delhi, Feb. 5 The Annual Plan outlay for Uttarakhand in 2008-09 has been fixed at Rs 4,775 crore, inclusive of the additional Central assistance of Rs 300 crore specifically by way of infrastructure assistance for Kumbh Mela at Haridwar ... More

Net direct tax collections up 40% till Jan
New Delhi, Feb. 5 The Centre’s direct tax revenues continued to be buoyant, with net direct tax collections recording 40.47 per cent increase for the ten-month period April 2007-January 2008 at Rs 2,18,538 crore (Rs 1,55,576 crore). ... More

ICAI plans panel to focus on public finances
New Delhi, Feb 5 The Institute of Chartered Accountants of India (ICAI) is set to play a larger advisory role in the fiscal affairs management of the State Governments across the country. This was indicated by the new ICAI President, Mr Ved ... More

Kerala budget on March 7
Thiruvananthapuram, Feb. 5 The Kerala budget for 2008-09 will be presented in the State Assembly on March 7.The budget session of the Assembly will begin on February 20 with the policy address by the Governor, Mr R. L. Bhatia. The ... More

Earnings slowdown raises flag of caution
Strengthens case for more moderate PEs More

EXCISE AND CUSTOMS
Surcharge for disaster management upheld
Chennai, Feb. 5 Levy of surcharge on certain goods under Central excise tariff introduced by Finance Act 2001 to meet liability for disaster management has been upheld by the Madurai Bench of Madras High Court.Dismissing a writ by ARR ... More

FOREIGN TRADE
Irish Minister meets Kamal Nath
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Action plan to strengthen bilateral ties with Maldives
A six-point action plan to put India-Maldives economic relationship on a firm footing has been suggested by the Minister of State for Commerce, Mr Jairam Ramesh, following his recent two-day visit — as part of the efforts of the Prime ... More

Northern Ireland opening investment office in Mumbai
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INFRASTRUCTURE
Kerala needs improvements in infrastructure: Assocham
Kochi, Feb. 5 The Associated Chambers of Commerce of India (Assocham) has suggested improvements in infrastructure facilities in the State to attract large investments. Though the infrastructure facilities are comparatively better in ... More

PETROLEUM
Pipeline project: India yet to take final decision on trilateral meeting
New Delhi, Feb. 5 India is yet to take a final decision on the trilateral meeting on the Iran-Pakistan-India (IPI) gas pipeline project called by Tehran. A trilateral meeting was expected to take place on February ... More

Amguri wells begin production
The consortium of Canoro Resources Ltd and Assam Company has placed the Amguri 10B and Amguri 11 wells on production. Canoro is the operator of the field. According to a press release, with this the Amguri field is now able to average a gross ... More

POWER
Tata Power, DVC wrap up Maithon Power project financing
Estimated to cost Rs 4,450 cr; debt-equity ratio at 70:30 More

REC in pact with IIFCL, Hudco to fund power projects
New Delhi, Feb. 5 State-run Rural Electrification Corporation (REC) has entered into agreements with India Infrastructure Finance Company Ltd (IIFCL) and Hudco for consortium lending for major power projects coming up under the public-private ... More

TAXATION
Govt suggests airports levy user fee based on distance flown
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EDUCATION
NComputing targets schools with virtual/shared PCs
Hyderabad, Feb. 5 While most hardware manufacturers, particularly in emerging markets, are seeking ways to bring down the cost of ownership of entry level personal computers — like the sub-Rs 10,000 PC — NComputing, a ... More

Perth education expo in India
Perth Education City in association with Western Australian Trade Office in Mumbai will be organising its annual Western Australian Education Exhibition in Baroda, Ahmedabad, Rajkot, Mumbai, Pune, Delhi and Chennai from February 6 to 13. Seven ... More

MEDICAL INSTITUTIONS & HOSPITALS
Apollo to set up clinics in factory premises
Signs accord with Tenet Healthcare of the US More

EVENTS
IIIT’s annual techno-cultural fest from Feb 8
International Institute of Information Technology (IIIT), Hyderabad, will be organising its annual techno-cultural festival between February 8 and 10. With a message

The festival, which has been ... More

ENTREPRENEURSHIP
Yahoo keen to partner with entrepreneurs
Yahoo India is keen to grow a partner ecosystem in India so as to have a presence in new areas that it currently does not have a footing. “We are interested in partnering with entrepreneurs who would develop some applications that can be ... More

TOURISM
‘Natural capital, unique developmental models essential for tourism growth’
Mangalore, Feb. 5 Efficient use of natural capital and developmental models unique to the region are essential for the development of tourism industry in the country, said Mr B. Sambamurthy, Chairman and Managing Director of Corporation Bank. ... More

Karnataka Tourism forms district panels
Mangalore, Feb. 5 Karnataka Tourism Department is decentralising developmental activities by forming a regional committee headed by the District Deputy Commissioner and is also appointing a dedicated tourism executive for every district, said ... More