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Friday, September 12, 2008
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ECONOMY: Slipping oil prices, easing inflation: IT industry to see better days ahead
Bangalore, Sept. 11 The sharp decline in oil prices and the easing inflationary pressures have raised hopes of the Indian IT industry to look for better prospects in the second-half of the current ...

NON-CONVENTIONAL ENERGY: Hindustan Petroleum enters ethanol business
Ties up with Renuka Sugars for integrated sugar mill in Maharashtra. Chennai, Sept. 11 The public sector oil company Hindustan Petroleum Corporation Ltd has marked its entry into the ethanol business by tying up with Shree Renuka Sugars Ltd to ...

POWER: Govt hopes to add 90,000 MW in 11th Plan
Sasan, Mundra mega projects to help achieve target. New Delhi, Sept. 11 Despite its dismal record at adhering to power capacity addition targets, the Centre has announced a scaling up of its power capacity addition target for the Eleventh Plan ...

RADIO/TV: Govt relaxes norms for FM radio cos to restructure biz
Allows conditional mergers, setting up of subsidiaries. New Delhi, Sept.11 FM radio companies will now be able to restructure their business before the five-year lock-in period, with permission from the Ministry of Information and ...

PSU: Supplyco celebrating Onam with special fairs, markets
Kochi, Sept. 11 Today Onam is not just the festival of Keralites but it has also acquired a national status. It is even celebrated across the seas with fervour. It is a festival that remembers the golden reign of the legendary King Mahabali ...

INDUSTRY ASSOCIATIONS: ‘AP likely to attract Rs 10 lakh cr additional investment by 2012’
To emerge one of the leading players in nuclear energy: Assocham study. Hyderabad, Sept. 11 Andhra Pradesh has the potential to attract an additional investment of Rs 10 lakh crore by 2012 which can create three lakh additional jobs, according ...

SCIENCE & TECHNOLOGY: GAGAN project gets Govt nod
Satellite-based navigation system. In a move, which will allow seamless navigation and better use of Indian air space, the Government on Thursday approved a joint proposal of Airports Authority of India (AAI) and the Indian Space Research ...

PETROLEUM: IEA urges India to scrap subsidies to ease fuel demand
New Delhi, Sept. 11 To moderate fuel demand the International Energy Agency (IEA) has asked India to eliminate subsidies. ...

NEWSPAPERS & PUBLISHING: IFRA appointment
Mr Thomas Jacob has joined IFRA as Deputy CEO and Managing Director in charge of the Greater Asia / Pacific Region. He will be based in Singapore, says a press release from the organisation. “As a part of senior management team, Mr Thomas ...

INFRASTRUCTURE: Phoenix Market City coming up in Bangalore
Bangalore, Sept. 11 Phoenix Mills Ltd has announced its first mixed-use retail-led destination in Bangalore, Phoenix Market City, to be located at Whitefield, at an investment of Rs 645 crore. ...

POWER: Power stocks trip: Analysts blame it on market mechanics
Kolkata, Sept. 11 Why are power sector stocks tripping after Monday’s high voltage illumination? Analysts are unanimous in saying that the blip has nothing to do with fundamentals, but with market ...

GEMS & JEWELLERY: US jewellers seek export sops from India
Mumbai, Sept. 11 The gold jewellery exporters’ demand for reviving the Generalised System of Preferences (GSP) status conferred by US to India seems to have taken an interesting twist with US demanding similar sops from ...

PETROLEUM: Tech norms for city gas network to be released shortly
New Delhi, Sept. 11 The Petroleum and Natural Gas Regulatory Board (PNGRB) is going to release the technical specifications shortly to facilitate the bidding process for city gas distribution (CGD) ...

ENVIRONMENT: Green Idea Lab to help sustainability
Bangalore, Sept. 11 Consider this: The world’s marketed energy consumption is projected to increase by 50 per cent from 2005 to 2030. The resultant ecological cost of damage is not known yet. ...

HOTELS: Hotel tariffs up 8-15 %
Mumbai, Sept. 11 Indian hotel industry has increased its tariffs by 8-15 per cent from September 1. However, increase in luxury and premium category rooms for some companies has been minimal. ...

INFRASTRUCTURE: Scenic stretch


URBAN DEVELOPMENT: IFC to advice AP Infra Corp in PPP projects
Hyderabad, Sept. 11 IFC, a member of the World Bank Group, has been appointed as the lead advisor to help the Andhra Pradesh Urban Finance and Infrastructure Development Corporation Ltd implement public-private partnership projects for urban ...

PETROLEUM: Brent crude below $100 as weakness sets in
Mumbai, Sept. 11 On Thursday, for the first time in several months – March 24 this year to be precise – the front-month Brent crude breached the psychological $100 a barrel mark to close at $98.97 a barrel. At the time of writing, ...

PETROLEUM: Cairn India arm to invest $113 m in Lanka for exploration
Cairn Lanka (Pvt) Ltd, a subsidiary of Cairn India Ltd, said that it has entered into an agreement with Sri Lanka’s Board of Investment, committing an initial investment of $113 million in its recently awarded oil and gas exploration ...

TOURISM: Directory on AP tourism released
Hyderabad, Sept. 11 Dataline Online Infotech Inc would shortly come out with a travel and tourism directory covering 40 countries in the Asia-Pacific region. ...

ENVIRONMENT: ‘India, US, China will be leading energy players’
Mumbai, Sept. 11 In the 2020 energy map, India, US and China would be the significant energy players. ...

STEEL: Price cut: JSW Steel, Ispat Ind may come under pressure
Construction, auto and white goods sectors may benefit. The recent decision of steel manufacturers to cut spot steel prices by about Rs 2,000 a tonne has been taken on the back of a softening trend in global steel prices. Global steel prices ...






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Markets (Sep 11)
Nifty (at close)4290.30(-109.95)
US Dollar (Buy/Sell)45.39/40
Brent crude (a bbl) Rs4,457
Gold (a gram) Rs1,048
Silver (a kg) Rs17,955


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Hotel tariffs up 8-15 %

IEA urges India to scrap subsidies to ease fuel demand

Power stocks trip: Analysts blame it on market mechanics

Govt hopes to add 90,000 MW in 11th Plan

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Looking back
Aug. 31-Sep. 6
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Dishman Pharma to invest Rs 500 cr in SEZs

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Share of households in aggregate bank deposits declines

Moser Baer’s solar PV biz gets Rs 411-cr funding

India in downturn mode: OECD

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