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INDUSTRY & ECONOMY
REAL ESTATE & CONSTRUCTION:
Kerala buyers are in wait-and-watch mode
The latest round of rate hikes announced by the RBI in its credit policy has come as a big dampener for the Indian real-estate sector. Against the backdrop of soaring inflation, rising cost of raw materials and spurt in cost of funds, a ...
REAL ESTATE & CONSTRUCTION:
Foreign-style villas at Indian prices
Do you dream of buying stylish villas at idyllic locations abroad but baulk at the price? Well, a Chennai-based real-estate developer has come out with a project close to hill station Yercaud in Salem district that seeks to meet the ...
EXPORTS & IMPORTS:
Quality norms for onion exports tightened
DGFT steps in to track transactions, check permit abuse. New Delhi, Aug. 2 The Directorate-General of Foreign Trade (DGFT) has amended its November 2007 notification on onion exports to streamline procedures, tighten quality norms and ...
ACCOUNTING STANDARDS:
‘India to converge with IFRS but not adopt it’
India will go in for convergence with the International Financial Reporting Standards (IFRS) in an organised manner though it will not “adopt” this numero-uno accounting framework, a top Government official said here today. ...
POWER:
Hyde Act provisions shaping nuclear deal, says CPI(M)
The CPI(M) on Saturday said the provisions of the Hyde Act are deciding the final shape of the Indo-US nuclear deal and not the assurances given by the Prime Minister, Dr Manmohan Singh, to ...
VENTURE CAPITAL:
Panel on financial markets debates FEMA norms
The High-Level Coordination Committee (HLCC) on financial markets which met here on Saturday debated FEMA regulations relating to foreign venture capital ...
INFRASTRUCTURE:
An SEZ that will have the best of TN and AP
One of the largest multi-product SEZs, the 5,000-acre Sri City (P) Ltd is taking shape at Tada, in Andhra Pradesh, an hour’s drive to the north of Chennai on NH5. This is just one of the many major investments taking place to the north of ...
READYMADE GARMENTS:
Rising cotton prices give apparel retailers a tough time
Chennai, Aug 2 At a time when the Rs 1-lakh crore apparel retailing has begun to boom in the country, rising cotton prices seem to pose a hurdle in its ...
EVENTS:
Weekly News Round-up
Attempting to tame inflation from its 13-year high, the RBI sharply raised key interest rate last Tuesday, which is expected to trigger an across-the-board hike in bank lending rates, including corporate, home and consumer ...
STEEL:
Cold-rolling steel plants seek export duty waiver
New Delhi, Aug. 2 The Cold Rolled Steel Manufacturers’ Association of India has informed the Steel Ministry that there is excess capacity in the cold-rolling industry and urged the Government to exempt cold-rolled value-added products ...
ELECTRONICS:
Anti-dumping levy on electronic component imports urged
New Delhi, Aug. 2 Unrestricted import and zero customs duty on electronic hardware and component are heavily impacting local electronics industry. ...
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