The Hindu Business Line : Saturday, November 29, 2008

INDUSTRY & ECONOMY

HOTELS: Trident Oberoi secured
Sporadic explosions, gunfire at Taj hotel. Mumbai, Nov. 28 The terror siege at three different locations in Mumbai seemed never ending as the Taj hotel and Nariman House continued to be riven by explosions and gunfire right ...

TERRORISM: Market volatile; sentiment hit
Mumbai, Nov. 28 The stock indices ended flat on Friday as the market sentiment was hit by terrorist attacks in the country’s financial ...

TERRORISM: YES Bank’s Ashok Kapur killed in terror attack
Mumbai, Nov. 28 Mr Ashok Kapur, Non-Executive Chairman of YES Bank, fell to the bullets of terrorists who had laid siege to Hotel Oberoi in south Mumbai for over 40 hours beginning Wednesday ...

TERRORISM: Will safety concerns weigh on auto investments?
Mumbai, Nov. 28 French automaker Renault’s decision to keep its corporate offices in Mumbai temporarily closed following the terror attacks clearly showed that it was taking no chances with employee safety. The company also issued ...

TAXATION: Tax revenues decline in Oct
First dip since May 2003. New Delhi, Nov. 28 After a consistent increase in a row for the last 63 months, the Centre’s gross tax revenues declined for the first time in October 2008 over October ...

ECONOMY: GDP grows at 7.6% in July-Sept
New Delhi, Nov. 28 The Indian economy grew by only 7.6 per cent during July-September, down from the 9.3 per cent for the corresponding quarter of ...

TERRORISM: Insurance cos bracing for large claims
Fallout of terror strikes on Taj and Trident-Oberoi hotels. Bangalore, Nov. 28 Insurance companies are bracing themselves for large claims from Tata-owned Indian Hotels Ltd and the Oberoi- owned East India Hotels Ltd following the terror ...

HOTELS: Insurance cos bracing for large claims
Fallout of terror strikes on Taj and Trident-Oberoi hotels. Bangalore, Nov. 28 Insurance companies are bracing themselves for large claims from Tata-owned Indian Hotels Ltd and the Oberoi- owned East India Hotels Ltd following the terror ...

STEEL: Retrospective imposition of dumping duty on steel urged
Directorate General undertaking preliminary probe. New Delhi, Nov. 28 The domestic producers of cold-rolled flat products and stainless steel and hot rolled products of steel have asked the Directorate General of Anti-Dumping (DGAD), which is ...

TERRORISM: Taj repairs, renovations may take a year: Krishnakumar
Hotel has insurance against terror attacks. Mumbai, Nov. 28 “We are confident of restoring the glory of Taj Mumbai,” said Mr R.K. Krishnakumar, Vice-Chairman, Indian Hotels Company Ltd, owners of the Taj which was damaged in the ...

HOTELS: Hotels brace for bleak period
Tiruvananthapuram/ Chennai/Mumbai, Nov 28 The terror attacks on Mumbai are seeing hotels across the country resign themselves to poorer business, due to the cancellations that have inevitably begun to follow, and the lack of ...

TERRORISM: Cama Hospital staff show courage under fire
‘Terror seemed just a heart beat away’. Mumbai, Nov. 28 Locked in a small inner room in a ward on one of the top floors of the Cama Hospital, four panic-stricken women hid to save themselves. Was the hospital the target of gun-men on ...

SSI: ‘Individual banks will decide on interest rates for SMEs’
RBI holds meeting with select bank chiefs. Mumbai, Nov. 28 The Reserve Bank of India on Friday took stock of the liquidity position in the banking system and problems being faced by small and medium enterprises (SMEs) and exporters in a ...

POWER: TNEB plan to levy penalty for excess use cleared with riders
Chennai, Nov. 28 The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved, with changes, the Tamil Nadu Electricity Board’s petition to levy penalty on industrial and commercial consumers for excess energy consumption ...

TERRORISM: Colaba wears a deserted look
A street where one is used to seeing foreign nationals looking at handicrafts from Gujarat, shawls from Kashmir and goodies from native Maharashtra, has been empty for two long days ...

TERRORISM: Relief for some, trauma for others
Emotions run high for the near and dear ones. Mumbai, Nov. 28 Emotions ran high and heart-rending scenes were witnessed, as relatives and friends anxiously waited near the Air India building to finally receive their loved ones who were held ...

TERRORISM: Ammunition, dry fruits, credit cards and currency…
The terrorists seem to be familiar with the lay out of the hotel, while the commandos battling them were unfamiliar with it and were handicapped. The commandos had to depend on an employee of the Taj hotel to guide them on the second day ...

TERRORISM: Brokerages decide to play it safe in the face of terror
Only those with ‘absolutely necessary’ work were asked to come. Mumbai, Nov. 28 Most financial firms located in south Mumbai operated with a skeleton workforce as a large number of their employees did not turn up ...

TERRORISM: ISI chief to share info on attacks
A Bloomberg report calls him “Pakistan’s spy chief”; but whatever label one might give to the chief of ISI (Inter Services Intelligence), Pakistan’s powerful military intelligence agency, Lieutenant General Ahmed Shuja ...

HUMAN RESOURCES: ‘HR, a key component of organisational set-up’
Study reveals lack of focus on improving effectiveness of HR processes. Chennai, Nov. 28 HR is widely recognised as an important cog in the organisational wheel and it is involved in the strategic business planning process. This is one of the ...

HUMAN RESOURCES: Leaders should sense biz changes: Ramadorai
Cos urged to become more inclusive, improve diversity. Set against the backdrop of a recessionary economy and slow pace of hiring, speakers at the National HRD Network’s National Conference on ‘What’s Beyond?’ HR’s ...

EDUCATION: Tandberg will talk to UGC, varsities to sell video-conference products
‘Penetration of higher education should be about 25 per cent’. Hyderabad, Nov. 28 With the levels of higher education in India continuing to be at a low of 13 per cent, Tandberg Visual Communications Company of Norway has decided to ...

SCIENCE & TECHNOLOGY: CII-ISRO space meet opens today
Bangalore, Nov. 28 A CII-ISRO co-hosted international conference and expo on space commerce and technologies that opens here on Saturday is largely going on as planned, except for five participants backing out after the Mumbai attacks, a ...

ECONOMY: Industry bodies positive on sustained growth
New Delhi, Nov. 28 Industry bodies termed the latest GDP estimates for the second quarter of the fiscal as satisfactory considering the global ...

SCIENCE & TECHNOLOGY: Fast Breeder Reactors’ crucial component made in India
Hyderabad, Nov. 28 In a significant, indigenous effort by an Indian industry, the Hyderabad-based MTAR Technologies has fabricated a critical component – The Grid Plate – for the Fast Breeder ...

ECONOMY: Madurai to play host to SPEED Conference in December
Madurai, Nov. 28 The Confederation of Indian Industry is organising the second edition of SPEED (Southern Prosperity through Enhanced Economic Development) Conference here on December 5 and ...

TERRORISM: Coimbatore industry bodies ask Centre to deal firmly with terror
Coimbatore, Nov. 28 The industry associations in Coimbatore have asked the Centre to adopt a tough stand in dealing with acts of terrorism. They have also asserted that terrorist attacks would only make the country work harder to become a ...

HUMAN RESOURCES: CII-XLRI initiative to assess, develop HR competencies
Chennai, Nov. 28 The Confederation of Indian Industry along with National HRD Network and XLRI Jamshedpur launched HRCompass, an initiative to assess and develop Human Resource (HR) competencies of HR professionals in ...

TERRORISM: What the international media had to say
Chennai, Nov. 28 It was just another terrorists’ attack in India on Wednesday night in the country’s commercial capital, ...

TERRORISM: On their feet, for 48 hours
Mumbai, Nov. 28 For most people, ‘duty’ means spending 10 to 12 hours out of our homes, five or six days a week to meet their work related ...

TERRORISM: The two scarred landmarks
Mumbai, Nov. 28 It was on Wednesday November 26 around 9.45 p.m. when I was in the midst of finishing dinner that my wife got a call from Naveena, our daughter-in-law, who is a journalist, informing us that certain parts of South Mumbai had ...

TERRORISM: Maharashtra ATS to probe Karkare’s death
Mumbai, Nov. 28 The Maharashtra Anti Terrorism Squad (ATS) will investigate the deaths of Maharashtra ATS chief, Mr Hemant Karkare, and two other senior police officers. It will also investigate why the terror attack took place right ...

SSI: MSMEs seek reprieve on repayment of bank loans
Hyderabad, Nov. 28 The Federation of Andhra Pradesh Industries (FAPI) has urged Prime Minister to direct the Reserve Bank of India to issue orders to banks to give one-year moratorium to the micro, small and medium enterprises (MSMEs) ...

FOREIGN TRADE: Sikkim traders export goods worth Rs 95 lakh thru Nathu La
Gangtok, Nov 28 The third season of the Nathu La border trade between Sikkim and Tibet Autonomous Region (TAR) concluded yesterday on an optimistic note with traders from both sides expecting a more fruitful year ahead. A simple ...

EDUCATION: Commonwealth varsity meet
...

TERRORISM: The ordeal ends
...

NON-CONVENTIONAL ENERGY: Renewable energy sector seeks Govt support
Hyderabad, Nov. 28 Industry representatives from the renewable energy sector have expressed the need for Government support on the incentives such as buyback tariff rates to be offered both at the Central and State Government ...

TERRORISM: NSG rescues over 200 from Oberoi; 30 dead
Over 30 people had died at the hands of the terrorists and the NSG has rescued 200 people held hostage, said Mr Hassan Ghafoor, Mumbai Police Commissioner, briefing journalists after the NSG action at the Oberoi ...

CREDIT RATING: Attacks won’t hit ratings: S&P
Standard & Poor’s Ratings Services on Friday said the terrorist attacks in India will not have a direct effect on the country’s sovereign ratings (BBB-/Stable/A-3), provided they are an isolated ...

TERRORISM: Leo’s set to get back on its feet
Mumbai, Nov. 28 Leopold Café in Mumbai’s busy Colaba causeway epitomises the city’s resilience in more ways than ...

TOURISM: Sikkim looks to regulate tourism sector
Gangtok, Nov. 28 In a bid to streamline the disorganised tourism sector, the State has set in motion a series of checks and balances under the Sikkim Registration of Tourist Trade Rules (2008) for ensuring ...

TERRORISM: Little information, comfort from the Government
Mumbai, Nov. 28 As Mumbai uneasily woke to the third day of its nightmare, the first signs of panic were visible in the rapid spread of rumours of fresh attacks in vulnerable spots like the CST and Churchgate railway stations and other ...