The Hindu Business Line : Tuesday, November 11, 2008

INDUSTRY & ECONOMY

ECONOMY: Combating the present crisis
Since August, two perspectives have influenced the way policymakers viewed the world and India’s place in it. The first view held that India was sufficiently decoupled from the world economy’s stresses, that Indian financial ...

POWER: Private power will be costly, says CII
‘TN needs to work out alternatives’. The Confederation of Indian Industry, which has welcomed the Tamil Nadu Government’s proposal to allow third party sale of power, said that the Government needs to work on alternatives to ...

EVENTS: Gujarat Govt road show today
...

FOREIGN DIRECT INVESTMENT: GPS-related venture with Chinese partners blocked
FIPB rejects GELD Consultancy’s proposal. New Delhi, Nov. 10 The Foreign Investment Promotion Board has turned down a proposal by Mumbai-based GELD Consultancy Services to set-up a joint venture with two Chinese companies, for Global ...

AUTOMOBILES: Auto numbers down in Oct, confirms SIAM report
Mumbai, Nov. 10 The vehicle sales number for October released by the Society of Indian Automobile Manufacturers (SIAM) has just confirmed the slowdown in the industry with all sectors reporting a ...

EVENTS: Delhi to host franchise event
Over 250 Indian and global brands will be participating in Franchise India 2008 — a two-day international event, which includes exhibitions, conferences and awards, to be held from November 29 in New Delhi. Organised by Franchise ...

MEDICAL INSTITUTIONS & HOSPITALS: Narayana Hrudayalaya makes investment plans
To create 30,000-bed strength hospital chain. Hyderabad, Nov. 10 Setting its targets big, the Bangalore-based Narayana Hrudayala Hospitals plans to bring in around Rs 5,000 crore investments in the next five years to create a total 30,000-bed ...

SOCIAL WELFARE: AP to reduce palm oil price for white card holders
Hyderabad, Nov. 10 The Andhra Pradesh Government has decided to reduce the palm oil price being distributed to White Card holders through fair price shops to Rs 35 a litre from the present Rs 45 immediately. The decision was taken by ...

ECONOMIC OFFENCES: Liquidity crunch may open door for ‘Hawala’ traffic: Modi
Raises issue with PM; calls for a meeting of Chief Ministers. Mumbai, Nov. 10 Due to current liquidity crunch in the global financial system, ‘dirty money’ from arms and drugs suppliers could enter into the Indian financial system. ...

FOREIGN DIRECT INVESTMENT: More investment queries from US
Kerala team still on tour. Thiruvananthapuram, Nov. 10 The delegation from Kerala, led by the State Industries Minister, Mr Elamaram Kareem, and the State Tourism Minister, Mr Kodiyeri Balakrishnan, has received more investment queries from ...

REAL ESTATE & CONSTRUCTION: TDI plans Rs 350-cr logistics park in Kundli
New Delhi, Nov. 10 Real estate company TDI is planning to set up a 200-acre logistics park in Kundli at an estimated investment of Rs 350 ...

PETROLEUM: RIL arm may take 67% stake in KG Gas Network
AP works towards expediting supply of gas from KG basin. Hyderabad, Nov. 10 Reliance Gas Corporation Ltd, a subsidiary of Reliance Industries, has been invited to acquire 67 per cent stake in the Krishna Godavari Gas Network Ltd, a special ...

ECONOMY: ‘Immediate slowdown in US outsourcing to India unlikely’
Kolkata, Nov. 10 There might not be any immediate slowdown or curb in the US outsourcing to India, according to Mr Adrian P Kendall, Honorary Consul of the Federal Republic ...

POWER: KSEB signs pact with Neyveli Lignite
The Kerala State Electricity Board (KSEB) has signed an agreement with Neyveli Lignite Corporation (NLC) for purchase of power from the latter’s TPS II ...

REAL ESTATE & CONSTRUCTION: FIPB rejects Keppel proposal to sell 1.5 acres unused land back to Puravankara Projects
The Foreign Investment Promotion Board has rejected a proposal by Keppel Puravankara Development (KPDL), Bangalore, to sell the 1.5 acre unused land back to Puravankara Projects Ltd, as FDI norms do not permit sale of ...

FOREIGN TRADE: ‘India high on US growth agenda’
New Delhi, Nov. 10 The US Assistant Secretary for Trade Promotion, Mr Israel Hernandez, has said the new US administration led by President-elect Mr Barack Obama will continue to focus on bilateral trade and strengthening ties ...

HEALTH: Regulator to review TPAs’ performance
Kolkata, Nov. 10 The Insurance Regulatory and Development Authority (IRDA) will soon set up a committee to review regulations on Third Party Administrator (TPA) ...

MINING & QUARRYING: Uncertainty hits Karnataka mining belt
Bangalore, Nov. 10 Once a hectic centre for iron ore mining, the Bellary-Hospet mining belt is reeling under uncertainty over its future following the virtual halt of exports ...

SCIENCE & TECHNOLOGY: Chandrayaan a day away from home
The Chandrayaan-1 spacecraft that now orbits Moon is set to get closer and reach its final home on Tuesday or Wednesday. Two more manoeuvres are needed, on Monday night and on Tuesday, before the spacecraft is slotted in the planned orbit 100 ...

INFRASTRUCTURE: Murugappa group plans infrastructure biz entry
Chennai, Nov. 10 Chennai-based Murugappa group is planning to enter the infrastructure ...

MINERALS: Iron ore duty cut: Chinese demand more critical
Revival package could help exports. Export duty on iron ore has once again been changed, but the relief from this move may only be marginal for domestic iron ore exporters. In end October, the 15 per cent ad valorem duty on iron ore fines was ...