The Hindu Business Line : Tuesday, December 30, 2008

INDUSTRY & ECONOMY

ECONOMY: Sensex gains 200 points on stimulus package hopes
Mumbai, Dec. 29 Expectations of another stimulus package — including a rate cut by the Reserve Bank of India – and positive cues from overseas market boosted sentiment in the equity market ...

POWER: TN industries to adopt 5-day week from Jan 1
Govt announces two-day power holiday. Chennai, Dec. 29 Industries in Tamil Nadu are to adopt a five-day week from January 1 following a two-day power cut to be implemented by the State Government from the ...

ECONOMY: Montek sees scope for more monetary steps
New stimulus package likely to be announced in next few days. New Delhi, Dec. 29 The Reserve Bank of India Governor, Dr D. Subbarao, on Monday met the Prime Minister, Dr Manmohan Singh, amid reports that the Government and the central bank ...

PHARMACEUTICALS: No easy growth prescription for pharma industry in 2009
Acquisitions, consolidation likely to continue. Mumbai, Dec. 29 If there was a show-stopper of sorts in the estimated Rs 76,000-crore pharmaceutical industry this year – it was undoubtedly when the promoter family of Ranbaxy sold its ...

BUDGET: AP budget likely to be lower by Rs 20,000 cr
The Andhra Pradesh State budget for 2008-2009 is likely to be about Rs 80,000 crore about 20 per cent lower than Rs 1,00,000 crore announced by the Finance Minister, Mr K. Rosaiah, during the budget earlier ...

VENTURE CAPITAL: PE firms shy away from aviation companies
Dismal earnings outlook, high debts keep cash away. Bangalore, Dec. 29 Private equity companies prefer to keep their distance from the Indian aviation sector as earnings prospects ...

EVENTS: ‘Business, social work must develop limited partnership to tackle human crisis’
Nitte (Udupi), Dec. 29 Business and social work should have limited partnership to tackle poverty, oppression, diseases and other human crisis, according to Dr Ram A. Cnaan, Professor and Associate Dean for Research and Doctoral Education, ...

EXPORTS & IMPORTS: Spices exports up in value, volume
Chilli shipments rise; pepper, mint down. Kochi, Dec.29 Spice exports from the country have increased 15 per cent in rupee value and 6 per cent in quantity during April-November this year against the corresponding period of the last ...

REAL ESTATE & CONSTRUCTION: A.C. Muthiah to jointly develop Chennai property with HDFC
Chennai, Dec. 29 The SPIC Chairman, Mr A.C. Muthiah, and HDFC will together develop Adyar property, which belongs to the family of ...

EDUCATION: Industrial chemistry course
The Mangalore University is planning to start a post-graduate programme in industrial chemistry, according to Prof K.M. Kaveriappa, Vice-Chancellor of the university. Presiding over the inauguration of the three-day international conference ...

INDUSTRY ASSOCIATIONS: New President for FIEO
Mr A. Sakthivel has been elected the President, Federation of Indian Export Organisations (FIEO) at a meeting of the Managing Committee in New Delhi, according to a press release from FIEO. Mr Sakthivel was earlier the Vice-President of ...

INFRASTRUCTURE: IDFC Projects asked to prepare concept paper for industrial corridor
Chennai, Dec. 29 The Centre has asked IDFC Projects Ltd, a part of IDFC Ltd, to prepare the concept paper for the proposed Chennai-Bangalore-Mumbai industrial corridor. This follows requests from the southern States for the industrial ...

INDUSTRY ASSOCIATIONS: Nasscom ‘review’ in Jan
New Delhi, Dec. 29 Apex software association Nasscom is likely to complete the ‘review exercise’ of the FY09 IT industry targets in early ...

POWER: Coimbatore industries demand reduction in power cut
Coimbatore, Dec. 29 Industries in Coimbatore have asked the Tamil Nadu Government to enforce a reduction in power cut rather than the two-day weekly power holiday as the units have scheduled their ...

ECONOMIC OFFENCES: Remand for Nagarjuna Group Chairman extended
Hyderabad: The judicial remand for Chairman of Nagarjuna Group, Mr K S Raju and Mr P K Madhav, Chief Executive Officer, Maytas Infra, has been extended till January 12. They were arrested earlier this month on charges of ...