The Hindu Business Line : Friday, August 08, 2008

INDUSTRY & ECONOMY

ECONOMY: Inflation breaches 12% mark
Highest in over 13 years; Chief Statistician says prices have flattened. New Delhi, Aug. 7 Annual inflation, measured by the Wholesale Price Index, accelerated to 12.01 in the week ended July 26, the highest since April 1, 1995 and marginally ...

PSU: MahaTransco to seek Govt approval for Rs 1,500-cr IPO
No final decision taken on size, timing. Mumbai, Aug. 7 The Maharashtra State Electricity Transmission Company Ltd (MahaTransco) proposes to enter the capital market with an IPO to raise around Rs 1,500 crore. ...

ECONOMY: Is financial inclusion the recipe for poverty alleviation?
On February 29, 2006, the Finance Minister, Mr P. Chidambaram, introduced a new term into the economic lexicon of policymaking. Noting the findings of the NSS 59th Round (2003) that of the total number of cultivator households only 27 per cent ...

TAXATION: Impact of transaction tax on financial markets
The National Stock Exchange (NSE) is the uncrowned king of the stock market, its rival, the Bombay Stock Exchange (BSE) trailing by a huge margin, with no other competitor visible on the horizon. But some recent data relating to Nifty volumes on ...

REAL ESTATE & CONSTRUCTION: ETA Star plans residential complex in Chennai
To target NRIs, IT professionals, upper middle class segment. Chennai, Aug. 7 ETA Star Property Developers Ltd has announced plans to set up a residential complex, ‘ETA Star Rosedale,’ on the Old Mahabalipuram Road near ...

HUMAN RESOURCES: Air India may reassess manpower position
Airline looking at various cost-control steps. New Delhi, Aug. 7 Air India is planning to carry out a total assessment of its manpower situation with a view to identifying the actual requirements and prune staff costs. The assessment will ...

NON-CONVENTIONAL ENERGY: WBFC plans to set up bio-diesel hub in western zone
Kolkata, Aug. 7 The West Bengal Financial Corporation (WBFC), an autonomous body under the regulatory control of Small Industries Development Bank of India (SIDBI), is working with entrepreneurs in the state to set up a bio-diesel hub in the ...

FOREIGN TRADE: Issues stalling free trade pact with Asean resolved
India has concluded negotiations for a free trade agreement (FTA) with the Association of Southeast Asian Nations (Asean), with the deadlock over certain ‘outstanding issues’ that were stalling the pact from taking off being ...

PETROLEUM: Added weightage for cos offering maximum piped gas connections
To ensure reach across consumer segments. New Delhi, Aug. 7 To ensure that the benefits of gas finds in the country is available to the masses, the Petroleum and Natural Gas Regulatory Board (P&NGRB) has said that the companies offering ...

TAXATION: ‘Haldia port computing iron ore export tax based on Chinese prices’
Fallout is higher tax claims on Indian iron ore exporters, says mineral body. The Federation of Indian Mineral Industries (FIMI) on Thursday said that custom officials are charging export tax on iron ore based on reference prices provided by ...

AUTOMOBILES: BSE Auto Index overtakes benchmark Sensex
As inflation, crude take backseat. Mumbai, Aug. 7 Value buying over the last month has lifted the BSE Auto index 12.97 per cent during the period. ...

POWER: East Coast Energy to establish 4,000 MW plant in AP
Phase I may involve 2,640 MW at a cost of Rs 10,000 cr. Hyderabad, Aug 7 East Coast Energy has sewn up plans to establish a 4,000-MW capacity mega power plant along with a dedicated jetty to evacuate coal near Bhavanapadu in Srikakulam ...

EXPORTS & IMPORTS: Soyameal shipments may top 55 lakh t; oilmeal exports double
Chennai, Aug 7 Soyameal exports more than quadrupled and rapeseed meal trebled in July, as oilmeal shipments from the country doubled compared with the same period a year ...

HUMAN RESOURCES: LG unveils strategy to curb attrition
LG India, the consumer electronics and IT products major, is all set to launch yet another initiative to retain and motivate its workforce, even while claiming that its attrition is as low as five per ...

STEEL: SAIL plans coastal movement of imported coal between Vizag, Paradip, Haldia ports
Kolkata, Aug 7 Beleagured by the draft problem in the Hooghly river near Haldia dock, Steel Authority of India Ltd (SAIL), a major importer of coal through the dock, is planning coastal movement of imported coal between Visakhapatnam and ...

INFRASTRUCTURE: ‘PPP model needs fine-tuning’
With the Public Private Partnership model gaining acceptance with the private sector, there is a need to assess the long-term risk to provide comfort for the lending institutions and other stakeholders to pursue PPP as a viable business model ...

ECONOMY: NCAER-Future Capital book identifies ‘Twenty cities to watch’
The National Council of Applied Economic Research (NCAER) and Future Capital have identified 20 key cities to track as centres of economic development over the coming ...

INFRASTRUCTURE: CPI stir against coastal industrial corridor in AP
Visakhapatnam, Aug. 7 The Communist Party of India (CPI) held demonstrations against the proposed coastal industrial corridor and petrochemical investment region between Visakhapatnam and Kakinada on Thursday. The protests were held at both ...

EDUCATION: Clinical research body’s campus in Hyderabad
Hyderabad, Aug. 7 The New Delhi-based Institute of Clinical Research (India) has set up its campus here to offer M.Sc and post graduate diploma in clinical ...

POWER: BEST files suit to get REL licence revoked
Mumbai, Aug. 7 The BEST (Brihanmumbai Electric Supply and Transport) undertaking, which is the sole distributor of electricity to the island city, has sent a petition to the Maharashtra Electricity Regulatory Commission asking it to revoke ...

ACCIDENTS: Taking stock

POWER: Adani signs power purchase pact with Haryana govt
Adani Power Ltd (APL) on Thursday signed a power purchase agreement with the Haryana Government for supplying of 1,424 MW of power for 25 years, from its plant to be generated at Mundra in Gujarat, for 25 years. The bid was awarded to APL based ...

POWER: KSERC plea to cut power consumption
The Kerala State Electricity Regulatory Commission (KSERC) has called upon all categories of consumers to restrict use of electricity in view of the severe power crisis in the State. ...

TOURISM: Kerala panel to draw tourism projects on dams, reservoirs
Thiruvananthapuram, Aug. 7 The Kerala Government has decided to constitute a high-level committee to formulate new tourism projects covering dams, reservoirs and hydro-electric stations as also to coordinate the functioning of the existing ...

TEXTILES: Panel discussion on textile clusters in Coimbatore
Coimbatore, Aug. 7 A panel discussion to educate the textile clusters here on the need to imbibe IT as a business enabler is being held at The Residency on August 8. ...

ALTERNATIVE MEDICINES: Mangalore SEZ to set up herbal garden
Mangalore, Aug 7 Mangalore Special Economic Zone (MSEZ) Ltd has signed a memorandum of understanding with Dr Mohan Alva, Chairman of Alva’s Education Foundation, Moodbidri, to set up a herbal garden in MSEZ site area in ...

TAXATION: Cross-border taxation meet in Chennai
Chennai, Aug 7 The Southern Regional Chapter of International Fiscal Association will hold its Annual Conference in Chennai on Friday and Saturday. The conference, sponsored by KPMG, will discuss recent development in cross-border taxation, ...

PLASTICS: Tiruchi ban on plastics
The Tiruchi Corporation would soon enforce the ban on the production and use of plastics below 20 microns in thickness in the city after carrying out an awareness campaign. Mayor Sarubala R.Tondaiman, in an informal discussion with ...

INFRASTRUCTURE: Infrastructure facilities sought
The Tamilnadu Chamber of Commerce and Industry has urged the Chief Minister, Mr M. Karunanidhi, to take the initiative in establishing a number of infrastructure facilities required for upgrading industrial and economic growth in southern Tamil ...