The Hindu Business Line : Sunday, December 07, 2008

INDUSTRY & ECONOMY

ECONOMY: RBI signals cheaper loans
Cuts repo, reverse repo rates for ‘growth stimulus’. Mumbai, Dec. 6 Sending a clear signal to banks to reduce lending rates and advance more credit to productive sectors, the Reserve Bank of India on Saturday cut its key short term ...

HOTELS: ‘Hotels need to work on guest-friendly security measures’
Special rates, packages on offer during the lean period. Bangalore, Dec. 6 It is tough times for hotels across the country. Tough times also signal the need for innovation to keep the business ...

TEXTILES: Cotton fabric output drops to 4-1/2 year low
Chennai, Dec. 6 Fabric production by mills has dropped to the lowest level in four and a half years on account of lower downstream production, owing to reduced demand from the US and ...

EXPORTS & IMPORTS: ‘Monitor steel imports to safeguard domestic industry’
Kolkata, Dec. 6 Mr Sushim Banerjee, Executive Director (Commercial), SAIL, has emphasised the need for introducing import monitoring system to protect the interests of the domestic steel ...

REAL ESTATE & CONSTRUCTION: Window of opportunity in affordable housing
The classic response to a ‘demand slowdown’ is to cut prices in the short term, lower profits, and encourage demand to retain the market share. But if there is no scope for price reduction, another strategy would be ...

ANTI-DUMPING: Dumping duty on Chinese sulphur
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EVENTS: Weekly News Round-up
The RBI on Saturday cut key short-term lending and borrowing rates by 100 basis points each and pumped in Rs 11,000 crore for housing and ...

REAL ESTATE & CONSTRUCTION: Priority status to boost housing demand
Mumbai, Dec 6 To facilitate credit flow into the cash-strapped real estate sector, the Reserve Bank of India (RBI) on Saturday announced several measures, including a refinance facility for the National Housing Bank and priority sector ...

HOTELS: Luxury hotels to cut room tariffs by 10-20%
Bangalore, Dec. 6 Luxury hotels in Bangalore have decided to bring down the published rates in their room tariff card by 10-20 per ...

ECONOMY: Inflation no cause for worry any more, say economists
Thiruvananthapuram, Dec. 6 Leading economists are of the view that inflationary expectations have ‘moderated considerably’ to a point where headline figures ‘have ceased to become a cause of worry’ for ...

REAL ESTATE & CONSTRUCTION: SEZs await apex bank decision on ‘infrastructure’ status
Hyderabad, Dec. 6 The Empowered Group of Ministers (eGoM) is in favour of classifying special economic zones (SEZs) under ‘infrastructure’ projects with the objective of bringing about flexibility in external commercial ...

PETROLEUM: Truck rentals may dip to 5% on diesel price cut
Banglore, Dec. 6 Truck rentals are expected to halve to 4.5-5 per cent from ruling rates of 8-10 per cent. Though the softening trend had been witnessed in the last three months due to poor offtake of cargo following the slowing down ...

REGULATORY BODIES & RULINGS: IRDA seeks investment details from insurers
The Insurance Regulatory and Development Authority (IRDA) has asked all insurance companies to furnish the details of investments made by them during the last ...

ECONOMY: OECD indicators signal deepening global slowdown
Mumbai, Dec. 6 Global economic growth prospects continue to plunge deeper with the passage of each ...

SSI: Micro and small enterprises get a lifeline
Unveiling the “monetary” chapter of the much awaited stimulus package, the Reserve Bank of India has cut short-term lending rates – the repo and reverse repo rates by one percentage point each to 6.5 per cent and 5 per ...

REAL ESTATE & CONSTRUCTION: Relief to both developers and home buyers
BL Research Bureau The Reserve Bank of India’s growth stimulus package has a couple of significant measures that may help put the ailing real estate sector back on the growth ...