The Hindu Business Line : Wednesday, June 11, 2008

ECONOMY
Brighter side of expensive oil
Indian inflation continues to march relentlessly upward, crossing 8 per cent for two weeks in a row. Last week’s hike in the administered prices of petroleum products could reflect in the data in the coming weeks. As it is, the ... More

World Bank sees further slowdown in India’s growth
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Sikkim in a spot over indefinite bandh by Gorkha Janmukti Morcha
‘Losses suffered in terms of business, goodwill are enormous’ More

Beating inflation
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HOTELS
Raheja Developers foraying into hospitality sector
New Delhi, June 10 Real estate company Raheja Developers is foraying into hospitality projects to develop five hotels in the next two years, including one where it would convert a commercial property into a hotel.“We will develop ... More

PETROLEUM
Gujarat scraps VAT on LPG, cuts levy on petrol, diesel
Gandhinagar, June 10 The Gujarat Government today announced reduction of VAT on diesel and petrol by 3 per cent each and abolished the total VAT of 4 per cent on domestic LPG, thus bringing down prices of these products by Re 1 and Rs 1.38 per ... More

Indian crude basket touches $132.69/bbl on Monday
New Delhi, June 10 Reflecting the surge in global crude prices of Friday, the Indian crude basket on Monday has touched a new high for the current fiscal at $132.69 a barrel, up $5.73 a barrel from Friday ($126.96 a barrel). Though the ... More

Airlines rationalising routes to ease high fuel charges
Mumbai, June 10 Airlines are now putting in place cost cutting measures to mitigate the rising Aviation Turbine Fuel (ATF) charges. Deccan and Jet Airways officials said on Tuesday that their airlines would be rationalising routes as a ... More

Getting set
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POWER
Power from private source costs Karnataka Rs 14 a unit
Bangalore, June 10 Power from the GMR group-owned Tanir Bavi Power Company Ltd (TBPCL) cost Karnataka distribution companies a whopping Rs 14 a unit in the financial year 2007-08.In 2007-08, Karnataka drew only 521 million units of ... More

SSI
Manufacturing policy on the anvil; medium-sized cos likely to get relief
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PNB signs pact to fund infrastructure projects
New Delhi, June 10 Punjab National Bank (PNB) on Tuesday entered into a Memorandum of Understanding (MoU) with ILFS Cluster Development Initiative Ltd (ILFS-CDI) to help finance a variety of industrial infrastructure projects and small and ... More

REAL ESTATE & CONSTRUCTION
Rating builders: Few takers for NHB plan
Chennai, June 10 National Housing Bank, in its efforts to regulate the development of housing, has mooted a system of rating for builders and grading of the property built by them—but there has been poor response for it.According ... More

Oberoi Constructions enters retail space, opens mall in Mumbai
Mumbai, June 10 The Mumbai-based developer Oberoi Constructions today announced its foray into retail space development with the formal opening of the ‘Oberoi Mall,’ located at Goregaon East.Mr Vikas Oberoi, Managing ... More

MINERALS
Iron ore traffic: Rlys mulls relaxation of paper work for steel plants
Eligibility for rail freight as stipulated in a circular More

EVENTS
‘Social order change, negative media cause of BPO disconnect’
Bangalore, June 10 For an industry that has seen $11 billion revenue, provided 7 lakh people direct employment and three to four times more indirect employment, there seems to be disconnect surrounding it. This could be largely due to a social ... More

Bhutan woos IT cos with tax sops
Plans spend on network, e-governance More

EXPORTS & IMPORTS
AP exports 100 boxes of mangoes to Japan
Fruits undergo vapour heat treatment before shipment More