The Hindu Business Line : Tuesday, November 18, 2008

INDUSTRY & ECONOMY

ECONOMY: Slash of risk weights to have limited impact
Demand holds key to real estate recovery. The Reserve Bank of India’s move to reduce risk weights attached to commercial real estate lending and reduce the provisioning requirements for home loans signals the beginning of a reversal in the ...

EXCISE AND CUSTOMS: Cooking oil may turn costlier if customs duty is hiked
Palm oil slipping into lean production season. Mumbai, Nov. 17 Despite the Government’s recent rejection of the vegetable oil industry’s demand for re-imposition of customs duty on imported oils, efforts have once again begun to ...

EDUCATION: AP, Karnataka are literacy laggards: Survey report
Andhra Pradesh has the highest proportion of rural illiterates after Bihar. It also has the second highest proportion of urban illiterates, after Jammu and ...

PHARMACEUTICALS: Nilgiri green tea finds a new taker in pharma industry
Coonoor, Nov. 16 Pharmaceutical companies are stepping up their purchase of Nilgiri green tea for medicine manufacture, producers ...

REAL ESTATE & CONSTRUCTION: Realty stocks hit badly despite RBI’s revival measures
‘Price erosion of another 30 to 40% possible in two quarters’. Mumbai, Nov. 17 Despite the Reserve Bank of India announcing steps to make available more funds for the real estate sector, the realty index on Monday was the worst hit ...

FOREIGN TRADE: Potential seen for India, Egypt bilateral trade
New Delhi, Nov. 17 The Union Minister for Commerce and Industry, Mr Kamal Nath, on Monday said there is an enormous potential for expanding bilateral trade between India and Egypt and a need to further diversify the trade ...

STEEL: Steel makers worried over Railways’ iron ore classification plan
Change will increase rail freight by 6%. Kolkata, Nov. 17 Steel producers are worried that the earlier plan of the Railways to hike the classification of iron ore for domestic movement from 170 to 180 will come into force any day. The change in ...

REAL ESTATE & CONSTRUCTION: Super luxury homes project
INC Developers, a group that has designed and built several estate homes in San Francisco and the Bay Area, is collaborating with Pune-based Amar Builders to build super luxury homes at Baner. A Rs 100-crore project, Manhattan comprises ...

TYRES: Dunlop’s Sahagunj unit headed for temporary closure
Workers to get Rs 2,000/month till production resumes. Kolkata, Nov. 17 Dunlop India plans to temporarily suspend production in its Sahagunj facility due to working capital ...

POWER: Nuke programme on track: Kakodkar
Mumbai, Nov. 17 India’s three-stage nuclear power programme, which aims to generate 20,000 MW of power by 2020, is on track and could even exceed the target, said Dr Anil Kakodkar, Secretary, Department of Atomic ...

STEEL: JSW Steel, UK’s Severfield to float jt venture
To make structural steelwork for buildings. Mumbai, Nov. 17 JSW Steel has entered into a joint venture with UK-based Severfield Reeve Structure through its wholly owned subsidiary, JSW Building Systems, to make structural steelwork ...

ECONOMY: New body proposed for assessing early warning in systemic instability
An organisation to assess systemic stability of major economies of the world composed of elite economists and with decision-making authority is the need of the hour to put the world economy, buffeted by the financial market meltdowns, back on ...

INFRASTRUCTURE: ADB to step up aid for infrastructure projects, fill resource gaps
Sees drop in private sector appetite for such projects. New Delhi, Nov. 17 The Asian Development Bank will step up its financing assistance for infrastructure projects in India to fill the resource gap that may arise due to decline in appetite ...

PHARMACEUTICALS: Drug cos asked to ensure supply of medicines to J&K
Shortage of diabetes, anti-rabies drugs. Mumbai, Nov. 17 A shortage of anti-diabetes and anti-rabies medicines in Srinagar and the valley area of Jammu and Kashmir prompted the Centre to ask drug-makers to ensure that medicines are made ...

PETROLEUM: Oil sector officers’ strike deferred
The Oil Sector Officers Association (OSOA), which had threatened to go on indefinite strike from Tuesday, has deferred its agitation by a week following assurance from the Petroleum Ministry that the demand for higher pay package will be ...

EDUCATION: Global Indian Foundation to set up school in Hyderabad
Classes to start from June 2009. Hyderabad, Nov. 17 Singapore-based Global Indian International School (GIIS) is setting up a campus here for students from pre-school to ...

EMPLOYMENT: IIM-B placements dispel fears of gloomy job scenario
Bangalore, Nov. 17 Summer placements at the Indian Institute of Management, Bangalore, which concluded on Saturday, seem to have dispelled fears of a gloomy placement period for management students in the coming ...

CHEMICALS: ‘Substitute for carbon tetra chloride hard to find’
There is a need to substitute carbon tetra chloride (CTC) but finding a suitable alternative, especially a safer one, is not an easy task, said Mr C.J. Mathew, Senior Consultant, German Technical Cooperation ...

URBAN DEVELOPMENT: Car-parking plaza
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PETROLEUM: Goods carriers want diesel price lowered
The All-India Confederation of Goods Owners’ Association has urged the Union Government to reduce the diesel price immediately, more so when the price of aviation turbine fuel is being systematically ...

NATURAL CALAMITIES: Cyclone damages paddy crop in 50,000 acres
The cyclone Khai Muk (named after an island in Thailand) has damaged 50,000 hectares of paddy area in East, West Godavari and Krishna ...

EDUCATION: Yale University’s India Initiative
Yale University is undertaking its most “ambitious interdisciplinary effort of its kind to date” to become the destination for Indian and South Asian studies. With a $30-million commitment from Yale and $5 million from Rohini and ...

EDUCATION: R. Anand, Partner — Global Tax Advisory Services, Ernst & Young; S.A. Engineering College, Chennai
Chennai, Nov. 17 Companies should reinvent themselves, redraw their business models and identify their strengths. These are some of the lessons that can be learnt from the financial crisis, said Mr R. Anand, Partner — Global Tax ...

ECONOMY: IIP up but sustainability under cloud
Capital goods, consumer durables help growth. Numbers released last week showed a mild sequential revival in the Index of Industrial Production ...

EDUCATION: IME celebrates foundation day
Industry should come forward to impart practical and applied knowledge to students of management schools as it will help in grooming future managers for the role, Dr Mahendra K. Modi, Chairman, M.K. Modi Group, said while speaking at the ...