The Hindu Business Line : Tuesday, July 29, 2008

INDUSTRY & ECONOMY

ECONOMY: Global inflationary pressures likely to remain, says RBI
Despite prospects for lower consumption growth in advanced economies. Mumbai, July 28 High global energy and food prices continue to fuel inflationary pressures, even though crude price has cooled off a bit and local inflation fell marginally ...

INFRASTRUCTURE: Mall development slows in second quarter
ON SOFT GROUND. New Delhi, July 28 The second quarter of the year has not been as good as expected for development of malls in the country’s major cities. The quarter saw new mall supply of about two million sq ft, less than the ...

ECONOMY: I-T mop-up of Delhi region surges 83% in April-July
New Delhi, July 28 Higher tax deduction at source (TDS) collections coupled with the absence of abnormally high refunds has helped Delhi region record a healthy 83.27 per cent increase in net direct tax collections during April 1-July 24 this ...

ECONOMY: Inflation heat has not dampened FMCG offtake
Companies report steady Q1 earnings. The initial ripples of inflationary pressures did not seem to dampen consumer spending on daily-use products such as soaps, detergents and biscuits. ...

TERRORISM: PM assures support to Gujarat; Ahmedabad limps back to normalcy
Ahmedabad, July 28 The Prime Minister, Dr Manmohan Singh, on Monday expressed solidarity with the people of Gujarat whose lives have been badly affected by the 16 bomb blasts that ripped across the State’s commercial capital on July 26. ...

POWER: First private mega power project set to go commercial
New Delhi, July 28 The country’s first mega power project in the private sector is all set to go fully commercial by August 15. ...

GEMS & JEWELLERY: New EU tariff preferences to benefit Indian gem, jewellery industry
The latest adoption by the European Union (EU) of a new regulation applying the generalised system of preferences (GSP) for the period from January 1, 2009, until the end of 2011, allowing the EU to maintain preferential access to its market ...

POWER: CII protests power cuts to industries
Kochi, July 28 The Confederation of Indian Industry has protested against the proposed 25 per cent power cut and the resultant increase in power cost, saying that it is a matter of serious concern for industries in Kerala. ...

FASHION: Govt to promote indigenous skills
Making India hub for manufacturing luxury goods. New Delhi, July 28 The Government will support the luxury and fashion goods industry to share and integrate the skills of Indian artisans and craftsmen with international expertise to make India ...

SOCIAL SECURITY: Meet today to decide on EPFO fund managers
10 qualified bidders in the race. New Delhi, July 28 Efforts by two private sector asset management companies – HDFC AMC and Birla Sun Life AMC – to provide fund manager services gratis for the Employees Provident Fund Organisation ...

INFRASTRUCTURE: ‘Infrastructure development likely to drive growth’
Hyderabad, July 28 A new wave of infrastructure development, with an eye to meet the future demands, especially in roads, airports and power sectors, is expected to drive development, according to the Chief Commercial Officer of the Rajiv ...

TOURISM: Kerala Tourism wins PATA awards
Kerala Tourism has bagged two gold awards, one in culture and the other in consumer travel brochure categories, of Pacific Asia Travel Association (PATA) for ...

ECONOMY: Centre begins distribution of palm oil through PDS
Hyderabad, July 28 In a bid to provide a cushion to the people in the wake of soaring inflation, the Union Government has decided to supply palm oil through the public distribution system ...

POWER: Sikkim Teesta power units synchronised with grid
Gangtok, July 28 Ending a dull period of 44 days at the Teesta Stage V Power Station in Balutar in East Sikkim, the two of its three units were synchronised with the grid at 7:15 pm on July 25 and the third one was synchronised at 9 am on July ...

REGULATORY BODIES & RULINGS: CDMA players want one time spectrum levy on GSM peers
New Delhi, July 28 The CDMA operators have proposed that the Government should levy an one-time fee on cellular operators holding excess spectrum. ...