The Hindu Business Line : Saturday, November 15, 2008

INDUSTRY & ECONOMY

ECONOMY: India to push for more inclusivity in global financial system
This can provide better global oversight: Chidambaram. Frankfurt Three points will be highlighted by the Prime Minister, Dr Manmohan Singh, at the Summit on Financial Markets and the World Economy, which is being held in Washington on November ...

ECONOMY: We are confident we can weather the crisis: Chidambaram
Finance Minister: That depends upon where the resources would be found. If the resources can be found and channelised through the existing multilateral institutions, that would be good. But if you find resources that cannot be ...

EXPORTS & IMPORTS: Iron ore exporters to China hit by payment defaults
Chinese banks refusing to honour letters of credit. Bangalore, Nov. 14 Iron ore exporters have been hit by a cash flow crisis with Chinese importers defaulting on ...

POWER: Obama, supporter of Indo-US nuke deal: Saran
New Delhi, Nov 14 The US President-elect, Mr Barack Obama, is a keen supporter of the civil nuclear agreement with India, Mr Shyam Saran, Special Envoy to the Prime Minister, Dr Manmohan Singh, said here on ...

SSI: Labour shortage hits micro industries in Coimbatore
Also facing declining work orders from large manufacturers. Coimbatore, Nov. 14 The nearly 25,000 micro enterprises in Coimbatore region reeling under severe power shortage face a ...

POWER: AP seeks Rs 8,000 cr to bring down power T&D losses
Detailed project report will be submitted to Centre next month. Hyderabad, Nov. 14 The Andhra Pradesh Government has charted out a Rs 8,000-crore plan under the Union Government’s Rs 50,000-crore Accelerated Power Development Reforms ...

STEEL: ‘Customs duty on steel will fuel inflation’
Chennai, Nov. 14 The Association of Indian Forging Industry has cautioned that levying a customs duty on imported steel would ...

REGULATORY BODIES & RULINGS: Finance Ministry asks DoT to levy spectrum transfer fee
Detailed guidelines soon on stake sale by promoters of new telcos. New Delhi, Nov. 14 The Finance Ministry has asked Department of Telecom to collect spectrum transfer charge from promoters of new telecom companies who sell their equity stake. ...

GEMS & JEWELLERY: Jewellery expo begins in Kochi
The three-day Kerala Gem and Jewellery Show 2008, the first ever B2B jewellery show aimed at boosting trade and bringing the retail sector closer to manufacturer, began here at Hotel Le Meridien. In his inaugural speech, the State Minister ...

REAL ESTATE & CONSTRUCTION: Golden Gate investing Rs 500 cr in township
Hyderabad, Nov. 14 Real estate firm Golden Gate on Friday announced plans to develop a Rs 500-crore integrated township near here with a focus on ...

EXPORTS & IMPORTS: Tax holiday for exports – exemption or deduction
A question that has sparked off many debates but on which no definite consensus has been reached is whether the tax holiday under Sections 10A and 10B of the Income-tax Act, 1961 in respect of export profits is in the nature of an exemption or ...

FOREIGN DIRECT INVESTMENT: FIPB defers decision on ZF Friedrichshafen’s plans for new joint venture in India
Department of Heavy Industry insists on NOC from Indian partners. New Delhi, Nov. 14 The Foreign Investment Promotion Board (FIPB) has deferred decision on the proposal by ZF Friedrichshafen Group to set up a new joint venture company in India ...

HEALTH: SAHI gets further boost
Hyderabad, Nov. 14 Ms Nishita, 11, is not a great singer. But when she sang a few lines from ‘Mukunda Mukunda’ (Dasavatharam), a gathering of about 500 people at Apollo Hospitals’ open-air auditorium broke into ...

TAXATION: Rolling shutters: ‘ST on basic materials not legal’
Chennai, Nov. 14 The Madras High Court set aside the order of the Joint Commissioner of Commercial Taxes – (CT-III), Chennai, levying sales tax under Section 3(2) of the TN General Sales Tax Act on basic materials such as iron and ...

POWER: Lanco Infra sole bidder for Rajpura power plant
Hyderabad, Nov. 14 Lanco Infratech has emerged the sole bidder in the competitive bidding process for the development of a 1,320 MW coal-based power plant at Rajpura ...

VENTURE CAPITAL: VC funds, PE firms continue to scout for infrastructure cos
Hyderabad, Nov. 14 Venture capital funds and private equity players continue to scout for investments in the Indian infrastructure sector but await Government initiatives to speed up investments, according to venture capital ...

TOURISM: Hong Kong Tourism Board launches initiative to attract events
Hong Kong, Nov. 14 Hong Kong Tourism Board (HKTB) has established ‘Meetings and Exhibitions Hong Kong’ (MEHK) to raise the profile of Meetings, Incentive Travel, Conventions and Exhibitions (MICE) sector of Hong Kong, This ...

POWER: ‘Bids for Tilaiya mega power project soon’
By the end of November, bids for the fourth ultra mega power project (UMPP) at Tilaiaya in Jharkhand will be invited, according to the Union Minister for State for Power, Mr ...

EVENTS: India Economic Summit begins tomorrow
New Delhi, Nov. 14 The annual India Economic Summit, which opens here this Sunday, will focus on ‘Securing India’s future ...

EVENTS: Fair launch
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EVENTS: Trade fair
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INFRASTRUCTURE: RBI relaxes norms for 7 core sector projects
The Reserve Bank of India has relaxed asset classification and provisioning norms for banks in respect of seven delayed ...

PETROLEUM: India to take up pipeline issue with Turkish PM
New Delhi, Nov. 14 Turkey-Israel-India pipeline proposal would figure during the Turkish Prime Minister, Mr Recep Tayyip Erdogan’s talks with the Prime Minister, Dr Manmohan Singh, in Delhi next ...

EDUCATION: Biz plan contest: Thiagarajar School wins first place
Coimbatore, Nov. 14 Thiagarajar School of Management, Madurai bagged the first place followed by Savitha School of Management, Chennai at the National Level Business Plan Contest – ...

HEALTH: Awareness drive on syringe use
With the practice of using syringes continuing unabated leading to transmission of infectious diseases, Safepoint, a non-governmental organisation based in the UK, has begun a countrywide awareness campaign. “It is estimated that about 63 ...