The Hindu Business Line : Thursday, November 27, 2008

INDUSTRY & ECONOMY

EVENTS: Aramco sees bigger role for India in oil sector
‘Inter-dependence is a point of strength’. New Delhi, Nov. 26 Even as Saudi Aramco has not made any investments in India, its President and CEO, Mr Abdallah S. Jum’ah, said that the company did make an attempt to forge an ...

EXCISE AND CUSTOMS: No hike in edible oil import duties: Pawar
Relaxation in rice export restrictions ruled out. New Delhi, Nov. 26 The Union Food and Agriculture Minister, Mr Sharad Pawar, has ruled out any immediate hikes in edible oil import duties or relaxations in current rice ...

ECONOMY: Citi bailout, big relief for banks
Nostro accounts not covered by FDIC, could turn sticky. Bangalore, Nov. 26 Having spent sleepless nights, public sector banks (PSBs) have reason to be relieved by the US-Government inspired bailout ...

FOREIGN DIRECT INVESTMENT: Govt looking to allow up to 49% FDI in FM radio
26% FDI in FM news channels also on cards. New Delhi, Nov 26 FDI limits in FM radio could soon be increased to 49 per cent for non-news channels and up to 26 per cent for news channels. News will also be allowed, according to Mr Anand Sharma, ...

SSI: SMEs seek easier lending, repayment norms
Mumbai, Nov. 26 Bankers have agreed to consider the demand of small and medium enterprises to relax the lending and repayment norms to help them tide over the current ...

HEALTH: Ultrasound procedure to treat prostate cancer soon
In the fight to overcome cancer of the prostate in the ageing male, a treatment procedure based on the use of ultrasound waves would be available in ...

FOREIGN TRADE: Development team from Ohio coming
A high-powered 12-member economic development mission from the State of Ohio, USA, is to visit India from December 2 to 11. The mission include mayors and economic development leaders from a cross-section of Summit County, who support new ...

EDUCATION: Technology-aided learning set for a leap in schools
New Delhi, Nov. 26 Technology-aided learning in schools is getting a shot in the arm with private companies investing into innovative teaching methodologies and technologies to raise academic standards in both government-run and private ...

HUMAN RESOURCES: Irani favours focus on employability of under-privileged sections
Hyderabad, Nov. 26 The corporate sector should focus on enhancing employability of the under-privileged as part of their affirmative action, said Dr Jamshed J. Irani, Chairman of affirmative action council of the Confederation of Indian ...

INDUSTRY ASSOCIATIONS: ‘Tightening of monetary policy wrong, misguided’
Kolkata, Nov. 26 There is a “big gap” between the extent of global financial crisis and how the Central Government is perceiving it, Mr Rajeev Chandrasekhar, President, Federation of Indian Chambers of Commerce (FICCI) said here ...

NEWSPAPERS & PUBLISHING: FIPB defers decision on Dow Jones’ plan for arm to publish WSJ facsimile edition
Approves 32 FDI proposals worth Rs 846 crore. New Delhi, Nov. 26 Foreign Investment Promotion Board (FIPB) on Wednesday deferred a decision on a proposal by Dow Jones & Company Inc., US to set up a wholly-owned subsidiary to carry out the ...

FOREIGN TRADE: ‘Turkey holds potential for Indian manufacturing cos’
Chennai, Nov. 26 Turkey can be a favourable destination for Indian manufacturing companies having mandate to cater to Europe, speakers at a CEO luncheon dialogue on ‘Turkey as new growth hub in Europe’, organised by the Southern ...

EXPORTS & IMPORTS: Exporters’ body looks to trim financing costs
With the global economic meltdown taking a toll on exports, the Federation of Indian Export Organisations (FIEO) has decided to take up the issue of high financing costs, estimated at nearly three times the global average, being borne ...

ECONOMY: Slowdown may force AP to record lower growth rate of 8.5%
Hyderabad, Nov. 26 Even as the Planning Commission forecast a lesser growth rate at 7 per cent for the economy for the financial year following the global meltdown, the Andhra Pradesh Government too is in the process of revising the ...

POWER: Power curbs in Kerala to continue
The Kerala State Electricity Regulatory Commission (KSERC) has ordered continuance of the existing thermal surcharge and power restrictions in ...

EVENTS: Oil honchos
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WATER: Inter-State dam
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TYRES: Radial tyres imports come under ‘restricted list’
New Delhi, Nov. 26 In a ruling in favour of the domestic tyre companies, the Commerce Ministry has put imports of radial bus and truck tyres under ‘ restricted list’. This would compel tyre dealers who are importing radial tyres ...

NON-CONVENTIONAL ENERGY: ‘Viable tariff mechanism key to boosting wind energy’
A viable transmission tariff mechanism, prescribing uniform grid connectivity standards and putting in place renewable energy certificates will contribute to the growth of renewable energy generation plants, according to Mr R.N. Nayak, ...

GLASS: Glass industry looking at West Asian markets
New Delhi, Nov. 26 Domestic glass companies will have to seek export opportunities in West Asian markets as it is the only region that is growing in the current financial crises, said Mr B. Santhanam, President, Flat Glass South Asia and ...

REAL ESTATE & CONSTRUCTION: Lodha group to invest Rs 900 cr in ‘Sky Villas’
Hyderabad, Nov. 26 The Lodha group has announced their plans to invest Rs 900 crore to create ‘Sky Villas’ on 45-floor high rise towers here to be sold on ...

ECONOMY: Challenges will remain: Leeladhar
Mumbai, Nov. 26 Challenges to the Indian economy still remain as the global uncertainties continue to persist, though the impact of the global crisis on India is to a much lesser extent, said Mr V. Leeladhar, Deputy Governor, Reserve Bank ...

INFRASTRUCTURE: ‘Smart City bound by SEZ policy’
Thiruvananthapuram, Nov. 26 The proposed Smart City in Kochi is bound by the provisions contained in the policy on Special Economic Zone (SEZ) announced by the State Government recently, according to the Minister for Law and Ports, Mr ...

GOLD & SILVER: Gold won’t lose sheen: GRT
GR Thanga Maligai (GRT Jewellers), a Chennai-based jeweller, has said that gold would never loose sheen, despite the global economic slowdown. “People always look at it as a safe investment, Mr Ananthapadmanabhan, Managing Director of ...