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INDUSTRY & ECONOMY
EXPORTS & IMPORTS:
Pawar hints at relaxing raw sugar import norms
Statutory minimum price to be made the only legitimate one. New Delhi, Dec. 22 The Centre seems to be preparing the ground for allowing freer imports of duty-free raw sugar against advance licenses (AL), going by the Union Food and Agriculture ...
PETROLEUM:
Next round of oil, gas blocks auctions likely in Feb
44 blocks awarded under NELP VII. New Delhi, Dec. 22 After successfully completing the seventh oil and gas exploration licensing round here on Monday, the Government plans to launch the next round of auctions in February with a target of putting ...
PETROLEUM:
GAIL agrees to supply additional gas to RIL
For Reliance’s Kakinada-Baruch east-west pipeline. New Delhi, Dec. 22 GAIL (India) Ltd has agreed to supply an additional 20 million standard cubic metres (mscm) of gas to Reliance Industries Ltd (RIL) for the commissioning of the ...
ENTREPRENEURSHIP:
K.S. Karthik, CEO, 24x7; Acharya's Bangalore Business School
Bangalore, Dec.22 Entrepreneurship cannot be learnt, it can only be practised, according to the founder and the chief executive officer of 24X7, Mr Karthik. ...
EXPORTS & IMPORTS:
Coir exports drop in Oct on global slump
Kochi, Dec.22 Even as the coir industry is facing rough times with regulatory and arbitrage hurdles erected by several importing countries, coir exporters are awaiting favourable winds of change to enhance unit value realisation and ...
HUMAN RESOURCES:
Muthukumar Ramalingam, Chief Executive Officer, Dextrasys Technologies; Saranathan College of Engineering, Tiruchi
Chennai, Dec. 22 Besides academic qualifications and cutting-edge skills, one must possess qualities such as honesty and raw ...
SCIENCE & TECHNOLOGY:
Geospatial data regulatory Bill may be cleared by February
New Delhi, Dec. 22 The Union Cabinet is expected to clear the National Geospatial Data Regulatory Authority Bill before February next year, said Mr Kapil Sibal, Union Minister for Science and Technology and Earth ...
PETROLEUM:
ONGC sticks to investment plans
ONGC will go ahead with its investment plans despite the pressure on its margins due to steep fall in international crude prices. Speaking to newspersons, ONGC Chairman and Managing Director, Mr R.S. Sharma, said,“Today’s price is ...
ECONOMIC OFFENCES:
Fake currency: House panel asks RBI to beef up monitoring systems
New Delhi, Dec. 22 A House Panel Committee on counterfeit currency notes in circulation in the country has said that what has been detected so far is only the tip of the iceberg as organised criminal activity of Fake Indian Currency Notes ...
HOTELS:
Indian Hotels, EIH regain after Taj, Trident re-open
Companies receive insurance payments. Mumbai, Dec. 22 Stocks of Tatas-owned Indian Hotels Company, owners of the Taj Group of Hotels, and EIH Ltd gained on Monday after the re-opening of their Mumbai-based properties, Taj Hotel and Trident, ...
POWER:
SEBs wheel in cheap power through smart overdrawals
New Delhi, Dec. 22 At a time when power shortages are driving up electricity prices across the country, a handful of savvy SEBs, led by Tamil Nadu, Punjab and Karnataka, are cashing in on the real-time arbitrage opportunities available on ...
ECONOMY:
Vibrant Meghalaya
Dense forest, hills, gushing rivers, lakes, magnificent caves and enchanting valleys. Such captivating visuals unfold when one ventures into the kingdom of clouds — Meghalaya. Tribals dance to the beats of drums in colourful ...
COURTS/LEGAL ISSUES:
HC directs PF Commissioner to refund subscription collected from Prabha Beverages
Chennai, Dec. 22 A company taking up a franchise agreement for purposes of manufacturing a consumer product could not be termed as a contractor; and so the establishment should be covered by Section 2A of the Employees’ Provident Fund ...
SSI:
IDBI Bank plans to double SME portfolio
Mumbai, Dec. 22 IDBI Bank has set an aggressive short-term target of nearly doubling its SME portfolio to Rs 8,000 crore in the remaining three months of the current financial ...
ECONOMY:
‘Kerala starts feeling impact of recession’
Kerala has started feeling the impact of recession and focusing more on infrastructure projects is one of the ways to overcome it, according to Dr M.P. Sukumaran Nair, Special Secretary to the Chief Minister ...
POWER:
Foodgrain merchants body seeks exemption from load shedding
Madurai, Dec. 22 The Tamilnadu Foodgrains Merchants Association Ltd (TFMAL) has appealed to the Government of Tamil Nadu for exemption from load shedding for mills producing flour from dhal and edible oil as has been given to the mills ...
EXPORTS & IMPORTS:
‘Restore 5% import duty on zinc ingots’
Mumbai, Dec. 22 Taking a leaf out of the Government decision to protect domestic steel companies by imposing import duty, the zinc industry has urged the Government to restore the five per cent import duty on ...
REAL ESTATE & CONSTRUCTION:
Unitech to raise up to Rs 5,000 cr via issue of securities
New Delhi, Dec. 22 Real estate company Unitech Ltd said on Monday it plans to raise up to Rs 5,000 crore through issue of securities. The company said this is an “enabling resolution”, and follows the expiry of a similar ...
INDUSTRY ASSOCIATIONS:
CII favours infrastructure stimulus fund
New Delhi, Dec. 22 The Confederation of Indian Industry has suggested the creation of a national Infrastructure Stimulus fund with an initial corpus of Rs 1,00,000 crore. The Chamber feels that at least Rs 75,000 crore of the initial ...
EVENTS:
Metroplus Lifestyle expo
The fourth edition of The Hindu Metroplus Lifestyle Show showcasing a range of lifestyle products will be held from December 24 to 28 at the Codissia Trade Fair Complex, Coimbatore. Nearly 140 stalls would display products relating to ...
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