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INDUSTRY & ECONOMY
ECONOMY:
Slowdown bites Bollywood
Over 30 films stalled; listed entertainment cos and banks back out from projects. Mumbai, Dec. 13 The credit crunch in the economy has hit the pause button on over 30 big Bollywood films as listed entertainment companies and banks that fund ...
ECONOMY:
Macro indicators: They’re all flashing amber
For the first time in recent history, the macro-economic numbers relating to India are not painting a confusing picture. Instead, they are all pointing in just one direction — a dramatic slowdown in economic activity in the months ...
TERRORISM:
Indian Hotels to reopen Taj Mahal Tower on Dec 21
3 out of 5 restaurants to also reopen. Mumbai, Dec 13 The Taj Mahal Palace & Tower that now more resembles a fortress after being barricaded and guarded by police personnel on all four sides, will re-open its Taj Mahal Tower on December 21, ...
TAXATION:
No windfall tax proposed on oil refineries: Govt
New Delhi, Dec. 13 Brushing aside the clamour from certain political allies that windfall tax should be levied on windfall profits made by oil refineries, the Government has made it clear that it does not propose to amend the direct tax laws ...
REGULATORY BODIES & RULINGS:
Real estate needs new regulatory grounding
The economic slowdown, together with tightened liquidity and higher interest rates, has led people to put off larger purchases, leaving the real-estate sector to face one of its worst phases. The monetary and fiscal packages announced may ...
REAL ESTATE & CONSTRUCTION:
Developers want more from stimulus package
Over the last fortnight the Government and the RBI announced several measures to soothe the troubled real-estate sector and cool soaring interest rates. However, real-estate companies feel the steps are inadequate to pull the sector ...
EMPLOYMENT:
Why pay-cut is better than job-loss
One of my friends was faced with a dilemma recently. His employer gave him a choice: Take a pay cut or lose the job. My friend took a long time to make a decision. This was surprising considering that a pay cut is an obvious economic ...
EXCISE AND CUSTOMS:
Which sectors will pass on the goodies?
The 4 per cent cut in excise duty was the most significant chapter of the recent stimulus package. But which players will pass on the benefits to consumers? Which industries are the key beneficiaries of this cut? Here’s a quick take on ...
ECONOMY:
Auto parts makers cut working days on reduced demand
Commercial vehicle segment vendors are the worst hit. Chennai, Dec. 13 Following the slowdown in the automobile sector in the country, auto component manufacturers have reduced the number of working days to three to five days a week depending ...
TEXTILES:
Textile output tumbles on sluggish exports
New Delhi, Dec. 13 Hit by a bevy of setbacks, including sluggish exports and a sharp hike in minimum support price (MSP) for cotton, the cotton textile sector registered a 9.6 per cent drop in output in October 2008. The wool, silk and ...
ECONOMY:
Bank interest rates to drop in the next 2-3 weeks: Kamath
Hyderabad, Dec. 13 Interest rates in the banking sector are set to drop in the next 2-3 weeks. This would help borrowers taking loans for homes, auto, and education among ...
ENVIRONMENT:
‘Green’ apartments make debut
The ‘green revolution’ in the property sector, that gained momentum in the country a few years ago, is finally set to arrive in Thiruvananthapuram, with the first apartment project bearing the green label scheduled to be ...
POWER:
Energy-efficient old buildings
‘Switch off the lights when you leave the room’ — an instruction children grow up hearing but, sadly, do not often ...
EDUCATION:
B-Schools moot global network for research
Hyderabad, Dec. 13 Business schools across the world are in the process of creating a global network to foster collaborative ...
EVENTS:
Seminar on affordable housing
There is an unmet demand for basic affordable housing in Tamil Nadu due to escalation in land, labour and construction costs. Industrial development in the State is fuelling a demand for housing and there is pressure on the construction ...
PHARMACEUTICALS:
Govt to set up generic drug stores
...
EVENTS:
Seminar on green workspace
The Bharathiar School of Management and Entrepreneur Development (BSMED) of Bharathiar University, Coimbatore, is organising a meeting on ‘Sustainable development –Ecology, occupational health & safety’ at the Southern ...
HOTELS:
Sabari Group eyes Nilgiris’ hotel properties
Bangalore, Dec. 13 The Chennai-based Sabari Group is in talks with hotel-cum-supermarket chain Nilgiris to buy their hotel properties in ...
POWER:
German expertise for thermal plants’ upgrade
Chennai, Dec. 13 Thermal power plants in India are set for an upgrade and efficiency improvement as part of an Indo-German Energy programme that would bring in ...
EVENTS:
Weekly News Round-up
The Index for Industrial Production has posted a negative growth of 0.4 per cent in October as against a robust 12.2 per cent in the same month last year. However, between April and October the index had grown by 4.1 per cent compared with 9.9 ...
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