|
|
INDUSTRY & ECONOMY
POWER:
Russia offers discount on new N-reactors, fuel for existing plants
India considering 2 more units at Koodankulam. New Delhi, Dec. 9 Russia has offered a sweetener in the form of a 30 per cent discount on the $2-billion price tag for each of its new nuclear reactors under discussions for sale to India. Besides, ...
EXCISE AND CUSTOMS:
Automobile dealers await manufacturers’ move on excise duty
Suspend sales over uncertainty of price. Mumbai/New Delhi/Chennai, Dec. 9 Automobile dealers say they have not seen an increase in customer enquiries just a day after the Centre announced a 4 percentage point excise duty cut, prompting vehicle ...
EXPORTS & IMPORTS:
Iron ore exports to China picking up slowly
Export duty removal likely to have ‘visible impact’. New Delhi, Dec. 9 Chinese demand for Indian iron ore is picking up slowly over the past few weeks and miners are expecting that the removal of export duty on iron ore by the Centre ...
EXCISE AND CUSTOMS:
Bike prices to come down
New Delhi, Dec. 9 Two-wheeler companies such as Hero Honda, Bajaj and Honda Motorcycles and Scooters India, announced that they would lower their bike prices in the range of Rs 1,000-2,100 across different ...
ENVIRONMENT:
Troubled climate
The ongoing United Nations climate change talks at Poznan run the risk of inaction by countries. The steady deterioration of what started as economic slowdown into a full-blown recession and the ongoing global financial crisis seem to have ...
TEXTILES:
SIMA hails economic package, but wants more
Wish list includes 2-year freeze on loan repayment. Coimbatore, Dec. 9 The Southern India Mills Association (SIMA), Coimbatore, has welcomed the Centre’s measures for economic stimulus, but has expressed hope that the Government would ...
TERRORISM:
Oberoi staff death claims to cost LIC Rs 55 lakh
So far 12 claims identified. Kolkata, Dec. 9 The Life Insurance Corporation of India may face claims to the tune of Rs 55 lakh from the death of employees of EIH Ltd killed in the Mumbai terror attack at the Oberoi Trident, according to ...
TERRORISM:
All about terrorism risk covers
The recent Mumbai terror attacks have put the spotlight on terrorism and the need for insurance against such acts. Many companies are unaware of the level of terror risk faced by them. And, even after buying terror covers for their ...
EDUCATION:
Adanis launch institute for infrastructure management
Ahmedabad, Dec 9 The Adani Group today announced the launch of Adani Institute of Infrastructure Management (AIIM) with a one-year, full-time, residential course aimed at providing skilled manpower in a sector that is seen to attract ...
GRANITE & MARBLE:
Falling sales, delay in export realisations hit granite industry
Chennai, Dec. 9 Falling sales and huge delays in realising sale proceeds, the granite industry is in dire straits. The industry fears huge losses of jobs — jobs that are manned by unskilled, ...
EXPORTS & IMPORTS:
Falling sales, delay in export realisations hit granite industry
Chennai, Dec. 9 Falling sales and huge delays in realising sale proceeds, the granite industry is in dire straits. The industry fears huge losses of jobs — jobs that are manned by unskilled, ...
POWER:
AP Genco to plough back profits as owner’s equity
Board of directors rules out dividend payout. The State-owned Andhra Pradesh Generation Corporation Ltd (AP Genco) is planning to plough back its profits into business as ‘owner’s equity’ in view of the massive capacity ...
REAL ESTATE & CONSTRUCTION:
Retailers rejoice over falling rentals
Negotiations on to cut rent. Chennai, Dec. 9 With fall in prices of real estate and consequently of rentals, retailers are renegotiating their deals with landlords. Where the landlords are not relenting, they are shifting the shops to ...
TAXATION:
Plea to reduce service tax
The Tamilnadu Chamber of Commerce and Industry has made a plea for a reduction in the rate of service tax from 12 per cent to 8 per cent. The Senior Chamber President Mr S. Rethinavelu, while welcoming the package announced by the Prime Minister ...
SSI:
SMEs urged to help protect rural areas in crunch time
Low capital, ample workforce a boon: Meghalaya Governor. Kochi, Dec. 9 The economic slowdown will become a growth stimulant for the SME sector in the country due to input cost reduction and easy availability of workforce, Mr R.S. Mooshahary, ...
REAL ESTATE & CONSTRUCTION:
‘Lender could worsen downturn in asset prices’
Bangalore, Dec. 9 Housing prices in the US have fallen by a third since 2006, as a result of which home mortgage amounts are estimated to exceed the value of collateral by about $1 ...
SECURITY:
Domestic security spending pegged at $9.7 b by 2016
Frost & Sullivan says big spender would be airport security. Mumbai, Dec. 9 The overall security spending in India is expected to touch $9.7 billion (about Rs 48,500 crore) by ...
EXPORTS & IMPORTS:
Tea exports slacken as buyers cancel orders
Production increases 30 million kg during January-October. Chennai, Dec. 9 Cancellation of orders and requests for renegotiations have led to a slowdown in tea exports during the last couple of months. Exports dropped nearly two million kg ...
ECONOMY:
Southern States want higher share in Central taxes
Chennai, Dec. 9 State Governments have come together to push for an increased share of Central taxes and are asking the Centre to bear the additional burden of implementing the Sixth Pay Commission, according to Mr Rajeev Ranjan, Tamil ...
RADIO/TV:
I&B Ministry to meet TV broadcasters
New Delhi, Dec. 9 The Ministry of Information and Broadcasting is considering meeting television broadcasters over their coverage of the Mumbai attacks. The meeting could be held on ...
EVENTS:
Plantation meet to discuss ways to improve yield
Mangalore, Dec. 9 The National Research Centre for Cashew (NRCC) at Puttur in Dakshina Kannada district will host the 18th Plantation Crops Symposium (Placrosym) during December ...
PETROLEUM:
GVK-BHP Billiton to invest $400 m for oil hunt
Hyderabad, Dec. 9 GVK Oil & Gas Ltd is set to invest up to $400 million in the seven oil blocks along with its consortium partner in the ...
STEEL:
Slowdown effect
...
REAL ESTATE & CONSTRUCTION:
Realty bites
...
HEALTH:
HIFU centre for prostate cancer opened
Hyderabad, Dec. 9 US HIFU, which is promoting the use of minimally invasive, high intensity focussed ultrasound (HIFU) therapy for prostate disease, has helped establish the first centre ...
CEMENT:
ACC, Ambuja cut prices
Mumbai, Dec. 9 Cement companies have responded to the reduction in excise duty by cutting prices by Rs 4 to Rs 6 ...
POWER:
TNERC paves way to tap into captive power generators
Chennai, Dec. 9Third-party sale of power by captive generating units is closer to implementation with the Tamil Nadu Electricity Regulatory Commission (TNERC) permitting the Tamil Nadu Electricity Board to relinquish the right to ...
STEEL:
RINL, APIIC plan steel unit cluster in Vizag
Visakhapatnam, Dec. 9 Rashtriya Ispat Nigam Ltd (RINL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) are planning to set up a cluster of steel processing downstream units in the vicinity of the Visakhapatnam steel ...
SOCIAL SECURITY:
No right to seek exemption from ESI Act, rules HC
Chennai, Dec. 9 An exemption from operation of a labour legislation was not automatic, and there was no vested right on any employer to seek for such an exemption, the Madras High Court ...
SSI:
PM assures support for SMEs
New Delhi, Dec. 9 Acknowledging the significance of the small and medium enterprises for the Indian economy, the Prime Minister, Dr Manmohan Singh, has assured Government support to the members of All India Confederation of Micro, Small ...
WATER:
Maytas gets Godavari water project
...
CLIMATE & WEATHER:
Fog delays 19 flights
...
EDUCATION:
Graduate Overseas opens office
...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds