The Hindu Business Line : Tuesday, June 10, 2008

NON-CONVENTIONAL ENERGY
Performance-based sops key to boost renewable energy
Chennai, June 9 Feed-in tariffs for renewable energy, performance-based incentives and setting renewable energy portfolio standards for energy utilities are some of the necessities for development of renewable energy sources, according to Mr ... More

LOTTERY
Record income for Kerala from lotteries
The Kerala Lotteries Department has recorded the highest monthly income till date of Rs 45 crore in May 2008. The department has attributed the increase in income to the launching of new lotteries, changes in the structure of prices and ... More

AWARDS & HONOURS
Award for EMRI
The Emergency Management and Research Institute (EMRI) has received top recognition in the health care category at the 2008 Computerworld Honors Program. The award was received by Mr Verghese Jacob, Chief Integrator and Lead Partner of Byraju ... More

HOTELS
Kolkata 5-star hotels room rates to go up 15-20%
The industry has registered 60-70% growth since 2006 More

PETROLEUM
Stocks plummet as crude oil jitters continue
Global slowdown fears weigh on sentiment; FIIs keep exiting More

Orissa block: ONGC may turn down Gazprom’s offer
ONGC may not accept Russian energy firm Gazprom’s offer to pick up 50 per cent participatory stake in its (Gazprom’s) shallow water exploration asset in the North Eastern coast off the Orissa coastline. A consortium of ... More

RBI begins purchasing oil bonds under special market operations
More

Sikkim cuts sales tax on petrol, diesel
Gangtok, June 9 The Sikkim Government has reduced the sales tax on petrol and diesel, providing much-needed respite to users following the recent fuel price hike announced by the Union Government.According to a notification issued by ... More

POWER
We don’t have the luxury to limit energy options, says PM
New Delhi, June 9 The Prime Minister, Dr Manmohan Singh, on Monday said the country did not have the “luxury” of limiting energy options available before it. “Our energy needs will continue to rise in the foreseeable ... More

STEEL
Spot steel prices start moving up
Long-term contract prices higher by 5-7 per cent More

TAXATION
Raise direct tax collection targets, CBDT told
Buoyancy in economy, improved compliance and rise in tax receipts More

SSI
HSBC India to expand factoring services for SMEs
Hyderabad, June 9 HSBC India is planning to expand the scope of its factoring services in tier-II cities across the country, with a focus on small and medium enterprises.“We are aggressively looking at acquiring new clients in ... More

REAL ESTATE & CONSTRUCTION
BPTP pays Rs 1,000 cr in Noida land deal
New Delhi, June 9 Almost three months after it clinched 95 acres of prime commercial land at Noida for Rs 5,006 crore, real estate company BPTP has made payment of Rs 1,000 crore to Noida Authority towards the first instalment of the ... More

WTO
WTO asks US to reduce trade barriers
New Delhi, June 9 Even as the global trade negotiations for modalities on agriculture and industrial goods are stuck for want of convergence among developed and developing countries on their contrasting position and postures, the World Trade ... More

RURAL DEVELOPMENT
View from interiors
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EVENTS
Machine tools expo in Chennai from June 19
The Ambattur Industrial Estate Manufacturer’s Association (AIEMA) will host a five-day auto components and machine tool exhibition from June 19 at the Chennai Trade Centre. ACMEE 2008, the eighth edition of this biennial event ... More

ENTREPRENEURSHIP
AP Govt reserves land for SC, ST entrepreneurs
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EXPORTS & IMPORTS
Soyameal exports up 151.8% in May
New Delhi, June 8 Soyabean meal exports from the country have registered a 151.8 per cent growth during May. Total shipments during the month amounted to 306,615 tonnes as against 121,771 tonnes in May 2007.Exports for the April-May ... More