The Hindu Business Line : Tuesday, August 05, 2008

INDUSTRY & ECONOMY

FOREIGN DIRECT INVESTMENT: Daiichi Sankyo deal among 24 FDI proposals cleared
New Delhi, Aug 4 Japanese drug maker Daiichi Sankyo’s plan to acquire shareholding in Ranbaxy through equity and warrants, was among the 24 FDI proposals cleared by the Government on ...

CREDIT RATING: Moody’s sees increased downside pressure to stable ratings outlook
‘Nuke deal could lend medium-term support to ratings’. New Delhi, Aug 4 The Indo-US nuclear deal could lend medium-term support to India’s sovereign ratings, said international credit rating agency Moody’s Investors ...

RADIO/TV: Murdoch keen on regional channels
FDI cap inhibits interest in print media. Mumbai, August 4 News Corp will invest in regional channels, though picking up equity in print media is not on the radar yet, said the Chairman, Mr Rupert Murdoch, referring to the 26 per cent cap on ...

EXPORTS & IMPORTS: eGoM to review ban on non-basmati rice
External Affairs Ministry to set quantum of export for each country. New Delhi, Aug 4 The empowered Group of Ministers (eGoM), under the chairmanship of the Union External Affairs Minister, Mr Pranab Mukherjee, is meeting here on Tuesday to ...

MEDICAL INSTITUTIONS & HOSPITALS: Pvt equity firms see healthy future in regional hospitals
Locally popular medical centres eye funding for expansion plans. Mumbai, Aug. 4 Jaipur’s Dr B.R. Soni wears his credentials as cricketer-cum-doctor with great pride. His Soni group of hospitals is locally popular, and private equity (PE) ...

TERRORISM: Malls beef up security in the wake of terror threats
‘Investment in security-related mechanism needs to be enhanced’. New Delhi, Aug. 4 Hanging out at malls may become a trifle more difficult in the light of terror attacks in cities. Taking the security scenario seriously, mall ...

TOURISM: Sikkim wins Today’s Traveller award
Sikkim’s efforts to make tourism a sustainable industry are bearing fruit with awards coming in at state and local levels. A press release issued recently by the State Tourism Department said that Sikkim has been selected as the Emerging ...

TAXATION: ‘Unbranded/customised software’ marketed by Infosys eligible for ST benefits: HC
Chennai, Aug. 4 The Madras High Court has held that Infosys Technologies Ltd., Chennai, leading developers and marketers of unbranded/customised software for system upgradation, was entitled to benefits of issuing Form ‘C’ ...

RADIO/TV: TV ad volumes grow 26% during January-June
New Delhi, Aug. 4 Television advertising volume or number of seconds of advertising has grown 26 per cent during January-June 2008, compared with the same period in 2007. ...

NON-CONVENTIONAL ENERGY: YES Bank is strategic adviser to Windlab
Mumbai, Aug. 4 Windlab Systems of Australia has appointed YES Bank as exclusive financial and strategic advisor for developing wind projects in India. The bank will identify joint venture partners for the company in order to set up wind ...

POWER: Steps being taken to expedite Jayamkondam power project
Tiruchi, Aug. 4 All steps have been taken for ensuring expeditious implementation of the Jayamkondam Lignite Power Project in Ariyalur district, near here. ...

URBAN DEVELOPMENT: Vizag urban authority to cover more areas
Visakhapatnam, Aug. 4 The jurisdiction of the Visakhapatnam Urban Development Authority (VUDA) has been extended to cover the municipalities of Amudalavalasa and Srikakulam of Srikakulam district and Tuni of East Godavari ...

ENVIRONMENT: YES Bank to set up clean energy tech fund
Mumbai, Aug. 4 The Mumbai-headquartered YES Bank and Global Environment Fund plan to set up a clean energy technology fund focused on South Asia with a corpus of $300 ...

CLIMATE & WEATHER: Drawing the line

CLIMATE & WEATHER: In full flow

CEMENT: ACC, Aditya Birla Group dispatches up in July
Mumbai, Aug. 4 The ‘on-and-off’ rains in July failed to dent the demand for cement as production and dispatches of cement companies continued to remained ...

RURAL DEVELOPMENT: ‘Social auditing successful in AP’
Hyderabad, Aug. 4 The various social audit programmes in the State have been successful, but we have to ensure that all small lapses are corrected, Mr G Chinna Reedy, Andhra Pradesh Minister for Rural Development, has said. ...

CINEMA: Adlabs to study cinema viewers
Adlabs Cinemas has announced an extensive research through IMRB International to measure Indian cinema audience on parameters such as advertising exposure, cinema habits and exposure to ...

WTO: Shrimp case: WTO panel adopts ruling in favour of India, Thailand
The Dispute Settlement Body of the World Trade Organisation has adopted the rulings in the shrimp cases in favour of India and Thailand. ...

RURAL DEVELOPMENT: ‘Need of the hour is professionalism’
Hyderabad, Aug. 4 The Union Minister of State for Rural Development, Mr Chandrasekhar Sahu, has regretted that despite Rs 70,000 crore being pumped in for drinking water programmes, people in many villages across the country still come up with ...