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INDUSTRY & ECONOMY

ECONOMY: Chidambaram promises more credit flow to N-E
Change in cut-off date of farm debt waiver scheme ruled out. New Delhi, Oct. 4 The Finance Minister, Mr P. Chidambaram, on Saturday turned down the request of certain North Eastern State Governments to change the cut-off date under agri debt ...

REAL ESTATE & CONSTRUCTION: Buyer beware during property dealings
Document in ordinary parlance means a written statement. Documents are associated with dealings in properties, business contracts and in corporate ...

INVESTMENTS: Corporates reassure Bengal on investments
Kolkata, Oct 4 Even as the people of West Bengal are still recovering from the shocking exit of the prestigious Nano project from Singur, there appeared a silver lining in the dark clouds that had enveloped the State’s ...

NON-CONVENTIONAL ENERGY: ITC sets up wind energy project in TN
The success of the Chennai-based wind energy project Wimco has prompted ITC Ltd to foray into the use of wind energy in its packaging and printing business, according to Mr R. Srinivasan, Member, Corporate Management Committee, ...

AWARDS & HONOURS: Genomic Pioneer awards
The first Genomic Pioneer Award from India was given to Dr Srikanta Kumar Rath of the Central Drug Research Institute (CDRI), Lucknow. The Hyderabad-based Ocimum Biosolutions has instituted the Genomic Pioneer Awards for outstanding work in ...

REAL ESTATE & CONSTRUCTION: Affordable housing to the fore in Bangalore: Survey
Bangalore, Oct. 4 For the real estate market in Bangalore, 2008 is shaping up as the ‘Year of Affordable Housing’. About 41 per cent of the demand for residential properties in the city is for those in the sub-Rs 40 lakh ...

EXPORTS & IMPORTS: Steel imports up 50% in first six months
India will continue to remain a net importer of steel during the current fiscal with demand growing at around 11.2 per cent while growth in production is expected to be around 5.2 per cent, the Minister of Steel, Mr Ram Vilas Paswan, said here ...

ANTI-DUMPING: Dumping probe on nylon tyre cord fabric initiated
New Delhi, Oct. 4 The Designated Authority in the Commerce Ministry has initiated an anti-dumping investigation into the import of nylon tyre cord fabric from Belarus, following a complaint by domestic industry represented by the Association ...

EVENTS: Weekly News Round-up
HCL Technologies came ahead in the race for the acquisition of the Axon Group, with the Board of the UK company last Thursday dropping its recommendation of Infosys' 600 pence a share offer. Axon said it would unanimously recommend HCL's 650 ...





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Markets (Oct 03)
Nifty (at close)3824.55 (-126.20)
US Dollar (Buy/Sell)47.14/15
Brent crude (a bbl) Rs4,413
Gold (a gram) Rs1,187
Silver (a kg) Rs19,025


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