INDUSTRY & ECONOMY
ECONOMY
FOLLOW THE MONEY
Asian markets blink; await economic data
Rising crude oil futures, which look determined to break the $150 per barrel mark soon, took out an average 3 per cent from major Asian stock market indices this week. Twenty-five out of 28 indices ended in red with Shenzhen A (China), Vietnam ...
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Weekly News Round-up
The HSBC group has acquired 73.21 per cent stake in the listed retail broking firm IL&FS Investsmart Ltd in an all cash deal for Rs 1,084.5 crore at Rs 200 per share. The price also includes Rs 82 crore paid as part of a three-year non-compete ..
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ENGINEERING
Scope for Indo-UK tie-ups in advanced engineering
Chennai, May 24 India’s achievements in different fields have created new challenges, offering opportunities to UK firms to partner with Indian companies, according to experts from the UK advanced engineering sector. The UK ...
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TAXATION
Indirect tax collection target set at Rs 3.2 lakh cr in 2008-09
Work on to computerise Excise Dept
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COAL
TOP OF THE MIND
What’s cooking with coal
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Mittal sparks rush for coal resources
Buys 14.9% stake in Australia-based Macarthur Coal, eyes entire co
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Coal India takes EoI route to develop abandoned mines
To float global tender within a month
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SAIL agrees to pay 40% more for BCCL coal
Kolkata. May 24 Steel Authority of India Ltd (SAIL) has agreed to pay 40 per cent higher price for its coking coal procurement from Coal India in 2008-09. Compared to a price equivalent to $105 a tonne in 2007-08, the steel major would be ...
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EDUCATION
Student visas to Australia to go up 45% this year
Chennai, May 24 The number of student visas to Australia from India is likely to touch around 50,000 for the fiscal ending June 2008, a 45 per cent increase over the previous year, according to Ms Lyn Reitana, Principal Migration Officer, ...
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REAL ESTATE & CONSTRUCTION
Mukesh Ambani SEZ offers land or money for affected persons
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GROUND REALITIES
Approvals on slow track
The Tamil Nadu Government has to streamline building approval processes in Chennai and the rest of the State to fully realise the investment potential in the real-estate sector. The State has earned an unenviable reputation for ...
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‘Construction technology evolving rapidly for faster delivery’
Chennai, May 24 Construction technology is evolving rapidly driven by the growth in demand for developed space which calls for faster delivery while controlling costs and maintaining quality, according to Mr J.P. Nayak, Member of the Board ...
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REGULATORY BODIES & RULINGS
IPO scam: Did SEBI err in not going after financiers of bogus applications?
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EVENTS
Fabric show in US: TecniTex to take trade team
Coimbatore, May 24 Industrial Fabric Association International (IFAI), US, the trade association representing the interests of nearly 2,000 member-companies engaged in specialty fabrics manufacture/marketing is holding its annual trade show ...
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INCOME TAX
New instructions for tax department to file appeals
New Delhi, May 24 The Central Board of Direct Taxes (CBDT) has come up with new instructions for the tax department on the issue of filing of its appeals before the Income Tax Appellate Tribunals (ITAT), High Courts and Supreme Court, ...
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EXPORTS & IMPORTS
Formulations biz drives pharma exports up 16% in 2007-08
Chinese competition, rupee appreciation dent export growth
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