The Hindu Business Line : Thursday, August 28, 2008

INDUSTRY & ECONOMY

CEMENT: Cement capacity expansion may be delayed
The cement industry’s plans to add 110 million tonnes (mt)of capacity with a total outlay of Rs 50,000 crore by financial year 2010 is likely to be delayed due to constraints in sourcing equipment and non-availability skilled ...

ECONOMY: Banks see liquidity staying tight for some more time
RBI focussed on reining in inflation; CRR hike likely. Bangalore, Aug. 27 With the Reserve Bank of India (RBI) maintaining its current monetary policy stance, tight liquidity conditions are expected to continue for some more ...

HEALTH: Apollo Hospitals working with TCS for patient ID number
Plans to pick up 30% stake in Nigerian hospital. Chennai, Aug. 27 Apollo Hospitals Enterprise Ltd is working on a project that would give each of its patients a Universal Hospital Identification Number (UHIN). The number is like a password ...

EXPORTS & IMPORTS: Indian shrimp exports to US fall sharply in H1
Kochi Aug 27 There has been a significant fall in the quantum and value of Indian shrimp exports to the US markets ever since the imposition of anti-dumping duty and customs bond on such shipments. During the first quarter of the current year, ...

NON-CONVENTIONAL ENERGY: Moser Baer SPV, 2 others put in bids for TN projects
Grid connected solar photovoltaic power generation. Chennai, Aug. 27 Three companies have submitted bids to put up grid connected solar photovoltaic power generation projects in Tamil Nadu. ...

ECONOMY: Social audit of treasuries begins
Kerala Govt initiative to assess social delivery system. Thiruvananthapuram, Aug. 27 A social audit programme covering all the branches of the Government Treasury Department has been launched in Kerala. This is for the first time in the ...

ECONOMY: Economist Group arm lowers GDP growth estimate to 7.5% in 2008-09
‘RBI may stay under pressure to raise rates further’. New Delhi, Aug. 27 Even as the Prime Minister’s Economic Advisory Council (EAC) has recently pegged its GDP growth forecast for 2008-09 at 7.7 per cent, the Economist ...

PETROLEUM: Soaring global prices may hit auto LPG retailers’ margins
PSU oil cos see drop in auto LPG sales. Kolkata, Aug 27 Soaring international price of LPG vis-À-vis a relatively stagnant petrol price in the domestic market, is fast reducing the price advantage of auto-LPG over petrol . ...

PETROLEUM: ONGC, SCI firming up equity structure for joint venture
New company to provide offshore services. New Delhi, Aug. 27 ONGC and the Shipping Corporation of India (SCI) are firming up the equity structure for the joint venture company that they plan to set up for providing offshore services. ...

EVENTS: BL Club meet at Baselious College
BL Club organised a campus interface at the Baselious College-Kottayam. Students evinced keen interest in the developments in the corporate world. ...

MINING & QUARRYING: Geological programming board in for revamp
Exercise after 42 years; Govt plans to rope in pvt sector. New Delhi, Aug 27 Major global players in the mining sector such as Rio Tinto, De Beers, BHP Billiton and many others may soon have the chance to play a more proactive role in deciding ...

MEDICAL & SURGICAL EQUIPMENTS: Srei Equipment Fin to fund medical, IT kit projects
Hyderabad, Aug. 27 Srei Equipment Finance Pvt Ltd, a joint venture between Srei Infrastructure Finance Ltd and BNP Paribas, expects to start financing medical and IT equipment projects from next year. ...

INFRASTRUCTURE: Crisil report on AP industrial estate soon
Hyderabad, Aug. 27 The Andhra Pradesh State Financial Corporation (APSFC) expects Crisil to submit the project report on its proposed multi-purpose industrial estate in the next one ...

EDUCATION: IDenizen ties up with Corporation Bank
Bangalore, Aug. 27 IDenizen, a local IT company, has announced that it has entered into a tie-up with Corporation Bank for extending the benefits of SmartCampus, an Enterprise Resource Planning (ERP)-based suite for educational institutions,to ...

PETROLEUM: Crude output dips 3% in July
Lower production from Panna-Mukta fields. New Delhi, Aug 27 The domestic crude oil production in July saw a decline of three per cent as against the same month last year. ...

HUMAN RESOURCES: Great Lakes to host conclave on human resources
Chennai, Aug. 27Great Lakes Institute of Management, Chennai will host the Human Resources Conclave on September 2 in the city. ...

TOURISM: South Africa strikes New Gold with tourism
Hyderabad, Aug. 27 With a view to wooing more tourists from India, South Africa has brought a delegation of tour operators, hospitality representatives and trade representatives to promote a variety of destinations in the ...

FOREIGN TRADE: Laos seeks Indian investment
New Delhi, Aug. 27 The Government of Laos PDR is considering investment laws that would allow 100 per cent foreign equity in projects without any conditionality on the minimum amount of capital that has to be brought in, stated the ...

TOURISM: Kochi to get facelift for Volvo Race
Kochi, Aug. 27 Kochi will be spruced up by November to host the first India stopover of the Volvo Ocean Race, scheduled to be held at the Cochin Port during December 3-13. This was decided in a meeting convened by Mr Kodiyeri Balakrishnan, the ...

INFRASTRUCTURE: Mangalore SEZ plans dedicated corridor to New Mangalore port
Mangalore, Aug. 27 To make way for smooth movement of goods between the New Mangalore port (NMP) and the Mangalore SEZ (special economic zone) and to bring down pressure on public infrastructure, Mangalore SEZ Ltd (MSEZL) is planning to set up ...

POWER: ‘No power tariff hike in AP for five more years’
Hyderabad, Aug. 27 The Andhra Pradesh Government has plans to add about 8,960 MW with an investment outlay of Rs 34,446 crore. The Chief Minister also assured that there will be no power tariff hike for five more ...

INCOME TAX: CBDT gets 2 new members
New Delhi, Aug. 27 The Central Board of Direct Taxes (CBDT) has two new members in Mr S. S. N. Murthy and Mr Shaikh ...

READYMADE GARMENTS: Garment exporters seek relief from power cuts
Coimbatore, Aug. 27 Garment exporters from Tirupur have sought exemption from power cut which they fear would not only cause production loss but would also hit business in future as ...

ECONOMY: Energy security and growth
India’s growth in the last few decades has been swift. Till the economy was opened up, allowing in the free winds of change, economic growth was a meagre 3.5 per cent. Climbing to 6 per cent in the post-liberalisation period, the economy ...

EVENTS: Handicrafts expo
The Andhra Pradesh Handicrafts Development Corporation is organising the Lepakshi Handicrafts and Handlooms exhibition from August 27 to September 9 at the ECIL Employees Co-operative Grounds, A.S. Rao Nagar. A release from the corporation said ...