The Hindu Business Line : Tuesday, December 16, 2008

INDUSTRY & ECONOMY

REAL ESTATE & CONSTRUCTION: Public sector banks cut rates on new home loans
Margin amount reduced; aim is to stimulate economy: SBI chief. Public sector banks have brought cheer to small home loan seekers by cutting rates on Monday under a new package aimed at stimulating demand in the retail housing ...

ECONOMY: Advance tax outflow infuses volatility in market
Mumbai, Dec. 15 Volatility marked trading on the bourses on Monday, as advance tax payments by Indian corporates for the quarter ended December came to a ...

PETROLEUM: Airlines non-committal on fare reduction
New Delhi, Dec. 15 Domestic flying will not become cheaper immediately despite oil companies reducing aviation turbine fuel (ATF) prices by 11.5 per ...

ECONOMY: Fiscal stimulus: Centre trying to effect rebound in demand
With the UPA Government working on a second stimulus package after it unfurled the first last Sunday, fiscal fetishism no longer holds water in troubled times like this, despite the passage of the Fiscal Responsibility and Budget ...

EXPORTS & IMPORTS: Vegoil imports rise 30% in Nov on lower global prices
No soya oil shipments as Centre imposes 20% Customs duty. Chennai, Dec. 15 Vegetable oil imports increased 30 per cent in November compared with the same period a year ago, as prices in the global market continued to decline. However, a feature ...

PAPER, BOARD & NEWSPRINT: Paper manufacturers pass on benefit of excise duty cuts
Reduce list price; gear up for demand from educational institutions. Chennai, Dec. 15 The reduction in excise duty has helped manufacturers effect a much-needed drop in prices against the backdrop of a slow market and fears of imports, according ...

EDUCATION: B.S. Raghavan appointed ICFAI university Chancellor
Chennai, Dec. 15 Mr B.S. Raghavan has been appointed as the first Chancellor of the Institute of Chartered Financial Analysts of India (ICFAI) ...

SSI: Small and medium units get special package from PSBs
Industry representatives sceptical. Mumbai, Dec 15 Micro, Small and Medium Enterprises (MSMEs), buffeted by the global and domestic economic turmoil, may have something to cheer about following the package announced by the public sector ...

ECONOMIC OFFENCES: LS panel absolves MPs in ‘cash for votes’ scam
No evidence against Amar Singh and Ahmed Patel, says committee report.. New Delhi, Dec.15 A Lok Sabha Committee that inquired into the “cash for votes” scam that surfaced during the confidence vote in July on Monday absolved ...

REAL ESTATE & CONSTRUCTION: Kerala Builders Forum to hold property expo
Kochi, Dec. 15 Amid the gloom witnessing in the real estate sector, Kerala Builders Forum is organising a three-day Kerala Property Expo from December 19 at the Jawaharlal Nehru International Stadium ...

REAL ESTATE & CONSTRUCTION: Home loan package: Most realtors disappointed
New Delhi, Dec. 15 The home loan package announced by public sector banks on Monday left the real estate industry a tad disappointed, as most realtors had expected steeper interest ...

COURTS/LEGAL ISSUES: Withdrawal of exemption to industrial unit illegal: HC
Chennai, Dec. 15 The Madras High Court has held that withdrawal of exemption granted by the Tamil Nadu Government under the Tamil Nadu Urban Land (Ceiling & Regulation) Act, 1978 to an industrial unit was illegal as the Tamil Nadu Urban ...

STEEL: Secondary steel makers seek protection
The conflict of interests among the primary hot rolled (HR) steel makers and secondary producers is out on the roads again. This is after the Centre extended protection to the hot rolled steel manufacturers by removing the product from the ...

MEDICAL INSTITUTIONS & HOSPITALS: MedTree plans birth hospitals with ‘5-star’ care
Kochi, Dec. 15 MedTree Healthcare Pvt Ltd, a Kochi-based health care company, has proposed to invest Rs 100 crore to set up birth centres across the ...

FOREIGN TRADE: ‘India, West Asia important contributors to world trade’
Kochi, Dec. 15 India, China and West Asia have become important contributors to the world trade unlike earlier times when they compared unfavorably with the more developed countries, Prof P.R. Bhat of the Indian Institute of ...

NRIS: Migrant resource centre launched
Kochi, Dec. 15 The Union Minister for Overseas Indian Affairs, Mr Vayalar Ravi, has opened the country’s first Migrant Resource Centre at Kochi on the premises of the Protector of Emigrants ...

PHARMACEUTICALS: GSK sees big role for Indian cos in R&D
Research & development productivity is at all time low in the West and Indian companies have great potential to contribute to research services, according to Mr Venkatraman Thyagarjan, Non-Executive Vice-Chairman of GlaxoSmithKline ...

EVENTS: Health summit
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CLIMATE & WEATHER: Foggy morning
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PETROLEUM: Truckers’ strike
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POWER: Mega Power Policy under review: Shinde
New Delhi, Dec. 15 The Centre is considering a proposal to amend the Mega Power ...

REAL ESTATE & CONSTRUCTION: New housing package: Limited benefit for listed realty players
Lot of current projects above Rs 30 lakh. The new housing package announced by the Indian Banks’ Association comes as a significant incentive for home buyers willing to buy properties in suburban areas and tier-III ...