The Hindu Business Line : Tuesday, February 03, 2009

INDUSTRY & ECONOMY

PSU: Books of Educomp, six PSUs come under Govt lens
Inspections against more cos likely. New Delhi, Feb. 2 On the heels of the Satyam fraud, a number of companies both from the public and private sectors have come under the Ministry for Corporate Affairs ...

EXPORTS & IMPORTS: Exports dip marginally in Dec
Trade deficit at $7.5 b. With a weakened Indian rupee, there is a comfort on the foreign trade front since the heavy deceleration in exports noticed during October and November 2008 has moderated as export growth in dollar terms was 1.1 per cent ...

ECONOMY: Slackened growth for India Inc
More companies see contraction in topline. Raw material price swings and interest costs have sizeably dented Corporate India’s profits in the December ...

ECONOMY: Fiscal deficit soars in Apr-Dec 2008
New Delhi, Feb. 2 The slowdown in the economy, coupled with higher outgo on account of stimulus package measures, has pushed the fiscal deficit during April-December 2008 to Rs 2,18,262 ...

PSU: Govt seeks higher dividends from PSBs, insurers
Payouts this fiscal estimated at Rs 18,445 crore. Bangalore, Feb. 2 Faced with a prospect of a breach in fiscal targets and revenue shortfalls, the Government has asked banks and financial institutions to pay ...

PHARMACEUTICALS: Stress on collaboration to beat slowdown in pharma sector
Hyderbad, Feb. 2 There is a greater need for collaboration between pharma companies across the globe in research and licensing in view of the present economic ...

CEMENT: Cement despatches stays strong in Jan
Mumbai, Feb 2 Cement demand continued to remain strong in January with the three major cement producers – ACC, Ambuja Cement and Aditya Birla Group – posting a quantum jump in ...

INDUSTRY ASSOCIATIONS: CII seeks protection for non-executive directors against criminal liability
‘New Companies Bill needs to encourage independent directors on boards’. The Confederation of Indian Industry (CII) wants the liabilities of independent directors to be “distinguished and made less onerous than liabilities of ...

INDUSTRY ASSOCIATIONS: Global telecom carriers form industry body
New Delhi, Feb. 2 Global telecom service providers providing enterprise telecom services in India announced the formation of an industry body - Association of Competitive Telecom Operators ...

COURTS/LEGAL ISSUES: HC reserves order on NCDEX plea
Mumbai, Feb. 2 The Bombay High Court reserved its verdict on the writ petition filed by National Commodity and Derivatives Exchange Ltd (NCDEX) against the commodity market regulator Forward Markets Commission (FMC) over slashing of ...

COURTS/LEGAL ISSUES: Ruling on Price Waterhouse partners’ police custody today
A local court here on Monday reserved the orders for tomorrow on the police custody of Price Waterhouse partners Mr S. Gopalakrishnan and Mr Talluri Srinivas in connection with the Rs 7,136-crore Satyam ...

PETROLEUM: Oil PSUs agree to spend 2% of profits on social responsibilities
New Delhi, Feb. 2 Public sector oil companies have agreed to spend at least 2 per cent of profits on corporate social responsibilities ...