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Friday, November 07, 2008
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INDUSTRY & ECONOMY

EXCISE AND CUSTOMS: ‘No immediate move to hike vegoils customs duty’
Oilseeds prices ruling above support price: Pawar. New Delhi, Nov. 6 The Union Agriculture Minister, Mr Sharad Pawar, on Thursday ruled out any immediate move to re-introduce or raise import duties on edible ...

POWER: TN plans barge-mounted power plants to beat shortage
Tendering process on; aim to get them connected to grid in 2 months. Chennai, Nov. 6 Tamil Nadu Electricity Board (TNEB) is pursuing a plan to bring in barge-mounted power plants to various parts of the State to tide over the present ...

POWER: CM wants action plan on power demand-supply position
Need to meet farm sector requirement. Hyderabad, Nov. 7 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, today instructed AP Genco and AP Transco to chart out an action plan on demand-supply situation and seek Government approval ...

ECONOMY: Capital markets may rebound faster than anticipated: Deloitte
Short-term outlook less pessimistic in India. Hyderabad, Nov. 6 The Indian economy and capital markets are likely to rebound much faster than most people anticipate, according to global consultancy firm, Deloitte Haskins ...

EDUCATION: Part of Booker award money for education of underprivileged
Love for the teacher and the values inculcated by him in students seems to have made the Man Booker award winner Aravind Adiga to donate a part of the award amount to his alma mater to start a special scholarship for the higher education ...

REAL ESTATE & CONSTRUCTION: Higher vacancy rates seen with large concentration of IT space supply: C&W
Rental values in most cities remain stable except NCR, Chennai & Kolkata. New Delhi, Nov. 6 The slowdown in the IT and ITES sector continues to dampen the sentiments in the real estate office ...

PHARMACEUTICALS: NPPA recovers only 8% of over-charges on drugs
74 bulk drugs come under its purview. New Delhi, Nov. 6 The National Pharmaceutical Pricing Authority (NPPA), entrusted with the responsibility of recovering amounts overcharged by manufacturers for controlled drugs from the consumers, has been ...

FOREIGN TRADE: India can tap its resources sectors for higher growth: Australian Minister
New Delhi, Nov. 6 India could easily notch up its overall economic growth rate by 4 percentage points from the current level if its resources sector is opened up for foreign direct investment and Australian investment along with its best ...

TEXTILES: Textile industry seeks Govt relief to tide over credit crunch
Warns of job losses due to units scaling down operations. New Delhi, Nov. 6 The textile industry has warned of large-scale job losses on account of spinning mills and garment units closing down operations across the country due to the ongoing ...

HEALTH: DoT asks operators to monitor radiation levels from cell towers
New Delhi, Nov. 6 The Department of Telecom has asked mobile operators to give self certification on the amount of radiation emitted from various cellular base stations across the country as per international radiation ...

AUTOMOBILES: ‘Supply chain complexity impacting auto sector costs’
Chennai, Nov. 6 The complexity in the supply chain is resulting in increasing inefficiencies and impacting costs of Indian automobile manufacturers, according to a white paper prepared by ...

EDUCATION: Centre for creative leadership plans India centre
Hyderabad, Nov. 6 The Centre for Creative Leadership (CCL) and Amitayus Consortium on Thursday announced plans to introduce their global leadership programme in south India ...

GEMS & JEWELLERY: Diamond trade: Kimberley Process meet for cooperation
New Delhi, Nov. 6 The four-day annual conclave of the Kimberley Process Certification Scheme (KPCS) on regulating global trade in diamonds emanating from “conflict zones” came to an end with a communiqué expressing concern ...

SSI: CII-Exim Bank awards
Bangalore, Nov. 6 A financial services company with a focus on microfinance was among the ten small and medium businesses (SMBs) which coveted the inaugural CII-Exim Bank awards announced here on ...

VENTURE CAPITAL: Venture capital summit at Technopark
The Group of Technopark Companies (GTECH) is holding a two-day venture capital summit here with the theme ‘Financing the knowledge economy in Kerala’ on November 10 ...

PETROLEUM: ‘No fuel price cut under consideration as of now’
New Delhi, Nov. 6 In spite of global crude prices softening, the customers of auto and cooking fuel will have to wait for sometime before there is any cut in retail selling price of these ...

INFRASTRUCTURE: ‘Private sector investment in infra low’
Chennai, Nov. 6 Private sector investment in infrastructure in India is low when compared with some of the neighbouring countries, according to Mr Sudhir S. Rangnekar, Managing Director, and Group CEO, Sical ...

PHARMACEUTICALS: ‘Vitamin C not an essential drug’
Hyderabad, Nov. 6 Vitamin C, which is in severe shortage in the country, is not the most essential drug. But it is a very valuable one for those who are critically ill, afflicted with HIV, in the post-operative care and some ...

INDUSTRY ASSOCIATIONS: CII for Govt help to improve liquidity, confidence
Chennai, Nov. 6 The Confederation of Indian Industry has called for further infusion of liquidity into the system, by a further reduction in the repo rate by at least 150 basis points and another cut in the cash reserve ratio by 250 basis ...

INDUSTRY ASSOCIATIONS: ‘TN must rationalise power tariff’
Chennai, Nov. 6 Tamil Nadu has to expedite commissioning of new power projects as outlined in the budget such as 600 MW each in North Chennai and Mettur thermal plants and 1,600 MW Udangudi power ...

EDUCATION: Digital teaching kit launched
Kochi, Nov. 7 In its efforts to transform Indian classroom, Promethean, the global company concentrating in interactive learning technology, has announced the launch of its interactive White Board with its user-friendly features in ...

EDUCATION: Mr Balaji Chandrakumar, Associate Vice-President, Expertus HR Pvt Ltd; Rajiv Gandhi College of Engineering and Technology
If the past couple of years of economic cheer have been full of opportunity for young graduates, the coming months are likely to be tough with organisations applying the brakes on recruitment. Under the circumstances, students would have to ...

EDUCATION: Mr Vikramaditya Duggal, Faculty of the State Bank Staff College; St Anthony's P.G. College
According to the well-known management guru, Peter F Drucker, "Time is the most important of resources. If you cannot manage this resource, it is difficult to manage any other resource ...

INDUSTRY ASSOCIATIONS: New team for IACC, AP chapter
Mr R. Jagadeeswara Rao, Executive Director, Ram Informatics Ltd, Hyderabad, has been elected as the Chairman of the Indo-American Chambers of Commerce (IACC) Andhra Pradesh at a meeting held here on Thursday. Mrs Shanti Kumar, General ...






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Markets (Nov 06)
Nifty (at 3.30 p.m.)2892.65(-102.30)
US Dollar (Buy/Sell)47.60/61
Brent crude (a bbl) Rs2,897
Gold (a gram) Rs1,088
Silver (a kg) Rs16,965


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