The Hindu Business Line : Friday, December 05, 2008

INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES: HC ruling on Vodafone to enable I-T Dept to look at similar deals
TDS amount in Vodafone case estimated at close to $2 billion. New Delhi, Dec. 4 The Income-Tax Department estimates that tax deducted at source (TDS) amounting to about $ 2 billion had not been paid to the exchequer in the $ 11.2-billion ...

EXPORTS & IMPORTS: Demand for Indian tea in Pakistan on the rise
Crash in prices fuels demand for the commodity. Chennai, Dec. 4 Despite Pakistan being blamed for last week’s terrorist attack in Mumbai that claimed nearly 200 lives, the tea industry sees better demand for the beverage from ...

TERRORISM: Taj family prays for its loved ones
Mumbai, Dec. 4 A week after the Taj Group of Hotels’ flagship, Taj Mahal Palace & Tower in Mumbai, was under siege from gunmen, the hotel group held a memorial meeting to condole the demise of its 11 staff members who lost their ...

TERRORISM: Trident to open from Dec 21; top security measures on cards
‘Additional security to be provided to all properties’. Mumbai, Dec. 4 The Oberoi Group, which will throw open the Trident to the public on December 21, is taking all steps to ensure the security of its guests, employees and ...

PHARMACEUTICALS: Were the gunmen on drugs for sustained energy?
Mumbai, Dec. 4 Were the gunmen who held Mumbai under siege for about 60 hours on amphetamine drugs that stimulate the central nervous ...

POWER: Punj Lloyd seeks to enter nuclear power space
Benefits more long-term in nature. Punj Lloyd’s tie-up with Thorium Power – a US-based nuclear fuel technology provider and consultant would add the former to the list of domestic companies that could benefit from the country’s ...

RURAL DEVELOPMENT: Hygiene matters
...

ENGINEERING: ‘Foundry sector slowdown temporary’
Industry must use opportunity to train manpower. Coimbatore, Dec. 4 Though the foundry units, particularly those catering to the automobile sector, are battling with a demand slump, it is not the end of the road for them and they need not fear ...

POWER: ‘Govt working on nuclear liability legislation’
DAE working on increasing localisation to cut costs: Kakodkar. New Delhi, Dec. 4 The Centre is planning to move expeditiously on the enactment of a nuclear liability legislation, the Atomic Energy Commission Chairman, Dr Anil Kakodkar, said here ...

INFRASTRUCTURE: CM hopeful of industries gearing up to overcome crisis
‘Govt mulls packages, especially on infrastructure projects’. Hyderabad, Dec. 4 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, hoped that the industrial associations in the State will gear up to the occasion and beat ...

TERRORISM: Insurers getting more queries on terror cover
Mumbai, Dec. 4 Seafood exporter Gul Kripalani never thought about an insurance cover against terror attack until last week. He has his unit near Colaba Causeway, the epicentre of last week’s terror attack in Mumbai. Now he is thinking ...

GOLD & SILVER: Gold ETFs net asset value jumps 9%
But asset base, gold holdings decline in November. Mumbai, Dec. 4 The five listed gold exchange traded funds’ (Gold ETFs) return surged 9 per cent on the exchanges in November although their asset base and gold holdings ...

CARS: Hyundai, GM, Mahindra plan to launch gas variants
Mumbai, Dec. 4 Greener fuels are gradually gaining ground in the automobile industry with manufacturers focusing on more gas ...

SCIENCE & TECHNOLOGY: Law on IP in public labs
The Prime Minister, Dr Manmohan Singh, has said a law is being considered to create mechanisms and incentives to reward creation and transfer of intellectual property coming out of public-funded labs. “We are conscious of the importance ...

INDUSTRY ASSOCIATIONS: Chamber’s appeal to Rly Minister
Sattur Chamber of Commerce and Industries has made an appeal to the Union Railways Minister to introduce a new train between Kanyakumari and Varanasi via Rameswaram. In a letter addressed to the Union Railways Minister, Mr Lalu Prasad, the ...

RADIO/TV: Govt advisory to TV channels
The Ministry of Information and Broadcasting has sent out an advisory asking television news channels to avoid re-runs of the footage of the Mumbai terrorist attacks. The Ministry does not want file footage of gruesome and painful scenes of ...

POWER: Coimbatore industries offered 300 MW of power at TNEB rates
Coimbatore, Dec. 4 The Coimbatore region, whose power intensive industries such as textile mills and foundries are reeling under the impact of a crippling 40 per cent power cut, can look forward to some relief with a power producer from ...

REAL ESTATE & CONSTRUCTION: Realty stocks make good recovery
Betting big on stimulus package. Real estate stocks made decent recovery on expected relief. Dalal Street hoped for incentives for low-cost housing and lower interest rates for buyers as well as ...

EXPORTS & IMPORTS: Seafood exporters urged to focus on value-added products
Kochi, Dec. 4 Value-added marine exports should grow by at least 10 per cent a year in order to take Indian seafood exports to $4 billion by 2012, Mr G. Mohan Kumar, Chairman of the Marine Products Export Development Authority, has ...

POWER: Control room to monitor HT, EHT power use
The Kerala State Electricity Board (KSEB) will set up a control room to monitor power consumption by high-tension and extra high-tension industrial units, according to the Minister for Electricity, Mr ...

ENVIRONMENT: Eco clearance for 297 State projects
The Ministry of Environment and Forests has given environmental clearance to 297 projects in Mahrashtra in terms of environmental impact and protection. Of the 301 projects that were submitted for clearance, the highest number were in ...

EVENTS: Darsana book fair set to conclude
...

COURTS/LEGAL ISSUES: HC stays work on Vizhinjam project
The Kerala High Court on Thursday quashed the decision of the State Government and the Vizhinjam International Seaport Ltd to reject the technical and financial bids submitted by the Mumbai-based Zoom Developers for construction of the ...

ECONOMY: ‘India facing knock-on effect of global crises’
Hyderabad, Dec. 4 The impact of global financial crisis on India is “stronger and longer than expected” and there is a need to weather its negative impact on the domestic economy, according to Dr D. Subba Rao, Governor, Reserve ...

ANTI-DUMPING: Dumping probe on HR, CR stainless steel coil imports
Kolkata, Dec. 4 The Directorate-General of Anti Dumping and Allied Duties initiated investigation last week to probe into import of cold rolled and hot rolled stainless steel coils from China, the European Union and the US, among other ...

HOTELS: Heritage hotel
...

TERRORISM: On choppy waters
...

EVENTS: ‘SPEED 2008, a road map to an inclusive economy’
Madurai, Dec. 4 The SPEED 2008 conference, being organised by the Confederation of Indian Industry, Madurai Zone, on December 5 and 6, is a road map to an inclusive economy, according to Mr T. Kannan, Chairman of the conference and ...

FOREIGN DIRECT INVESTMENT: FDI norms for foreign publications notified
New Delhi, Dec. 4 Having recently allowed the publication of Indian editions of foreign news and current affairs magazines, the Government has today notified ...