Business Daily from THE HINDU group of publications
Wednesday, December 03, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, December 03, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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INDUSTRY & ECONOMY EVENTS: Terror attack aftermath: Meetings, conferences grind to a halt CANCELLATIONS GALORE. India’s 26/11 seems to be going New York’s 9/11 way. In the immediate aftermath of the Mumbai terror attack, there are a slew of cancellations on a pan-India basis of some of the biggest events to take place ... TOURISM: Terror aftermath: Travel bookings drop and cancellations rise About 30 per cent decline in group travel bookings. Bangalore, Dec. 2 There has been a sharp drop of 30-40 per cent in group travel bookings, while several individual tourists have started cancelling their trips ... EXPORTS & IMPORTS: Gold imports down 26% on weak rupee, high prices Mumbai, Dec. 2 Gold imports continued to fall in November due to the sharp rise in prices and depreciation in value of rupee against ... AUTOMOBILES: Vehicle makers bank on new models But credit crunch could stand in way of sales growth. Throughout the period of the automobile slowdown (since early 2007), it is new launches, be it two- or four-wheelers, that have fuelled growth for automakers. As another year comes to a ... EXPORTS & IMPORTS: Egg exports to Gulf hit on N-E bird flu outbreak Setback at a time when farmers are overcoming a tough period. Chennai, Dec. 2 The bird flu scare in the north-east has affected the table egg exports from Namakkal to a few Gulf nations ... REAL ESTATE & CONSTRUCTION: Falling property prices to aid retailers, say experts ‘Industry to expand with 30-40% correction in the coming months’. Chennai, Dec. 2 The global meltdown does cast its shadow on the Indian retail sector resulting in lower offtake across categories, barring the food and groceries ... PETROLEUM: Oil cos allowed to sell bonds to RBI But will get only 50% in dollars. Mumbai, Dec.2 IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation have been allowed to sell their oil bonds to the Reserve Bank of India (as part of its special market operations) and ... TEXTILES: Textile mills for uniform power cut of 20-25% in TN Diesel captive power generation model ‘ideal’. Coimbatore, Dec. 2 The Southern India Mills Association (SIMA) has said that imposing a 20-25 per cent uniform power cut across the State would be an ideal solution to tide over the ... SCIENCE & TECHNOLOGY: ‘More innovative projects get commercial breakthrough’ New Delhi, Dec. 3 About 25 innovative projects entered into commercial deal in the third year of the Lockheed Martin Innovation Growth Programme in collaboration with the Department of Science and Technology, FICCI and University of ... HOTELS: Bangalore hospitality sector feels the pinch of attacks on Mumbai Hotels report cancellations, fear a downturn. Bangalore, Dec. 2 First the economic meltdown, then the terror attacks. It’s not just Mumbai that has been affected. A 20-30 per cent drop in average hotel occupancy is expected in the near ... TERRORISM: ‘Tough to verify identity of all mobile subscribers’ Operators want Govt to provide unique ID number for all citizens. New Delhi, Dec. 2 Mobile companies are finding it difficult to verify the identity of all their subscribers in the absence of a fool-proof identification document from the ... COAL: Coal India, power utilities inching towards fuel supply pact Deadline for agreement extended to Jan 31, 2009. Kolkata, Dec. 2 Coal India and the power utilities led by NTPC seem to have moved closer to a consensus over the long pending fuel supply agreement. The deadline for entering the pact, however, is ... FOREIGN TRADE: ‘Indo-Arab trade can touch $100 b’ Bilateral trade relations between India and the Arab world can touch $100 billion mark in the next two-to-four years if the current active pace continues, the Secretary General, League of Arab States, Mr Amre Moussa, said here ... POWER: US nuclear mission postponed A US commercial nuclear mission headed for India has been put off in the wake of the terror strikes in Mumbai. The mission, the first commercial nuclear trade delegation from the US to India since the opening of India to civilian nuclear trade, ... WATER: Tata arm bags Mysore water contract Jamshedpur Utilities & Services Company Ltd (Jusco), a wholly owned subsidiary of Tata Steel, has bagged Rs 152-crore water management contract for Mysore city, according to a Jusco release. An agreement to this effect was signed on Tuesday ... SSI: BoI looks to address SME issues Bank of India is in the process of conducting SME Customer Meet across cities to get a feedback about their problems which centres around power disruptions and demand compression. SMEs, bankers say, are asking for a moratorium on term loans ... CEMENT: Freight charges for coal, cement up Moving cement and coal by rail will be expensive by about 7.1 per cent from December 8. Indian Railways has raised the freight classification for movement of cement, coal and coke to 150 from 140. The Railways recorded a marginal dip in ... TERRORISM: CST victims to be compensated ... PETROLEUM: Officers of oil PSUs defer strike The Oil Sector Officers Association (OSOA), the umbrella organisation of officers of 14 public sector oil companies, deferred is plan to go on strike from Tuesday in protest against the “raw deal in the pay revision”. Instead, ... COURTS/LEGAL ISSUES: Ashok Todi files bail application Mr Ashok Todi, the prime accused in the Rizwanur Rahaman’s unnatural death case, filed a bail petition on Tuesday in the Calcutta High Court, challenging the order of the CBI, Judge of December 1, who sent Mr Todi to judicial custody for ... FOREIGN TRADE: Indo-Korean meet cancelled The annual India-Korea bilateral dialogue which was to begin here on Wednesday has been cancelled amidst fears that there could be a deadly terrorist strike here in the next few days. The two-day event which was being organised by ICRIER ... SSI: Vizag Steel urged to extend support to local units Visakhapatnam, Dec. 2 The Visakhapatnam Steel Plant, as the biggest industrial unit in Andhra Pradesh, should encourage ancillaries and downstream units in the State, and the Rashtriya Ispat Nigam Ltd’s (RINL) track record in this ... HOTELS: Terror attacks: Hotels feel the pinch as occupancy rate plummets Mumbai, Dec. 2 Hotels across the country are becoming a casualty to sweeping cancellation of bookings from corporate travellers and overseas visitors, with travel advisories being issued by different countries after last week’s ... TOURISM: Single-window system to monitor tourism works The Kerala Government is planning to introduce a single-window system to monitor and coordinate tourism development works being implemented by various departments, said the Minister for Home and Tourism, Mr Kodiyeri ... TERRORISM: Major ports to get commando units Chennai/ Mumbai, Dec. 2 Major ports in the country will soon have their own elite marine commando units on the lines of the National Security Guard, as part of their initiative to beef up security in the wake of last week’s ... ECONOMY: The West in recession One year after America suspected its economy was sliding into recession, the National Bureau of Economic Research (NBER), charged with mapping economic growth, announced on Monday that the country has been in recession since December 2007. ... COAL: Coal India reintroduces long wall mining at Moonidih Kolkata, Dec. 2 As part of its renewed focus on underground mining, Coal India has re-introduced long wall mining technology at the coking coal mine at Moonidih under CIL subsidiary Bharat Coking Coal Ltd. BCCL has already awarded a Rs ... FOREIGN DIRECT INVESTMENT: CII for single window on FDI for MSMEs Hyderabad, Dec. 2 The Confederation of Indian Industry in its pre-Budget memorandum for the Union Budget 2009-10 has suggested single window information on the foreign direct investment, preferably through the Ministry of Overseas ... TERRORISM: Of chewing gum and airport security Chennai, Dec. 2 What is the connection between a handful of chewing gum and airport security? If the chewing gum will go undetected by the x-ray machine at the airport so will 2 gm pellets of semtex, the plastic ... INFRASTRUCTURE: ‘SEZ duty issues to be resolved soon’ Chennai, Dec. 2 SEZs are doing well, the basic structure of the policy would not be altered and issues relating to service tax, DEPB and duty drawback would soon be resolved, according to Mr. L.B. Singhal, Director General, Export ... POWER: ‘Energy efficiency can enable lower operating costs’ Coimbatore, Dec. 2 “Being energy efficient and environmentally responsible can contribute significantly towards lowering operating costs, particularly in times of economic slowdown. It will also help boost the ... EVENTS: Navy Day rehearsals ... TERRORISM: Expressing solidarity ...
TERRORISM:
Keeping close watch
EDUCATION:
P. Raju Iyer, Chairman, Coaching Committee, Southern India Regional Council, ICWAI; Abdul Hakeem Association of Management, Vellore Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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