The Hindu Business Line : Sunday, January 11, 2009

INDUSTRY & ECONOMY

ECONOMIC OFFENCES: SEBI, Serious Fraud Office teams don’t get to question Rajus
Hyderabad, Jan. 10 Investigating teams of the Securities and Exchange Board of India (SEBI) and Serious Fraud Investigation Office (SFIO) have not been able to interrogate Mr B. Ramalinga Raju, former Chairman of Satyam Computer Services and ...

ECONOMIC OFFENCES: Ramalinga Raju remanded to judicial custody
Hyderabad, Jan. 10 On a day of high drama, the fallen Indian IT leader, Mr B. Ramalinga Raju, found himself drawn away from the comfort of 5-star luxury and high echelons of power to the claustrophobic confines of the ...

PETROLEUM: Govt considers cut in fuel, cooking gas prices
Petrol by Rs 5, diesel by Rs 3 and Rs 25 on LPG cylinder. Mumbai, Jan. 10 Prices of auto fuels and cooking gas could be reduced by the Government in a fortnight. It is considering reducing the prices of petrol by Rs 5 a litre, diesel by Rs 3 a ...

REAL ESTATE & CONSTRUCTION: PPP, key to affordable housing
Tamil Nadu Government officials and private sector players in real-estate are acknowledging that Public Private Partnership (PPP) in housing is the way forward to meet the challenges of housing for all, particularly the economically ...

ECONOMY: Tata Motors cancels Jamshedpur plant shutdown
‘Premature to see this as any signal of revival’. Mumbai, Jan. 10 Tata Motors has, in a surprising development, cancelled its plan to go for another round of block closure of its Jamshedpur plant for six days starting January 12. ...

REAL ESTATE & CONSTRUCTION: A case for special residential zones
Real-estate developers are urging both the Central and State governments to encourage creation of special residential zones (SRZs) on the lines of special economic zones, as such a move is seen spurring ...

PETROLEUM: Tough stand by all official stakeholders fractures oil strike
New Delhi, Jan. 10 Strategy, action, drama — the strike call by public sector oil companies executives from January 7 and its subsequent calling off had it all. Even as news from different companies on the calling-off of the strike ...

ECONOMY: Fall in prices pushes up cement demand in Dec
Mumbai, Jan. 10 After a lull, cement demand seem to have picked up pace in December with many infrastructure projects taking wings aided by the sharp fall in prices of ancillary items such as steel, cement, labour and ...

REAL ESTATE & CONSTRUCTION: UK investor to buy 86 units from Sunil Mantri Realty
Mumbai, Jan. 10 In what appears to be first signs of a revival of foreign investors’ interest in Indian realty after a prolonged drought, a UK-based FI has agreed to purchase 86 units from Mumbai-based Sunil Mantri Realty for about Rs ...

EVENTS: Weekly News Round-up
In perhaps one of Corporate India's unfolding worst chapters, Mr B. Ramalinga Raju, Founder-Chairman of the $2-billion Satyam Computer Services, stepped down last Wednesday admitting to faking financial figures of the company to the tune of Rs ...

TRADE & LABOUR UNIONS: Trade unions can help detect frauds early: CAG officials
New Delhi, Jan. 10 Corporate frauds such as the one at Satyam would be an extremely rare incidence in organisations that have trade unions and officers associations because they perform the crucial role of whistle blower, according to ...

EXPORTS & IMPORTS: Sum & substance of Chinese imports
Domestic producers have been raising a hue and cry about the ‘dumping’ of a wide array of Chinese imports in Indian markets for more than six ...

RURAL DEVELOPMENT: Barbed fence over a dream of development
It was an unwilling tranquillity that hung in the air around the proposed and abandoned Singur small car project site on Friday. Long hauling Durgapur Expressway was as usual busy with high-speed traffic. But the entire project area was wrapped ...

ECONOMY: India slips to 41st rank on Global Innovation Index 2008-09
India has slipped by 18 ranks from 23rd to 41st position on the Global Innovation Index 2008-09. And yet the ranking may have benefited from the optimistic mood prevailing in India when the data, a part of which comes from an opinion survey, ...

TAXATION: Ministry in talks for uniform, lower luxury tax: Ambika Soni
Chennai, Jan. 10 The Union Government is trying to bring in lower and uniform luxury tax for the hospitality industry, according to Ms Ambika Soni, Union Minister for Tourism and ...

PETROLEUM: Strike will continue, says AIMTC
New Delhi, Jan 10 Despite the arrest of its leaders, the All-India Motor Transport Congress (AIMTC) on Saturday said the transporters strike will ...