The Hindu Business Line : Tuesday, February 10, 2009

INDUSTRY & ECONOMY

ECONOMY: 7.1% economic growth forecast for this fiscal
Slowdown in industry, farm sector to be partially offset by services: CSO. New Delhi, Feb. 9 The Indian economy is slated to grow by 7.1 per cent during the current fiscal as against 9 per cent in 2007-08, according to the ‘advance ...

ECONOMY: Sensex gains 283 pts
The benchmark stock indices gained close to three per cent on Monday following higher domestic GDP growth of 7.1 per cent forecast for the current fiscal. The Sensex closed 283 points up at 9,584 while the Nifty closed 77 points higher ...

RESEARCH & DEVELOPMENT: Defence R&D deliveries too little, too slow: Antony
Air chief for time-bound, coordinated projects. Bangalore, Feb. 9 About 70 per cent of the military needs are imported in spite of having the world’s fourth best scientific ...

RAILWAY BUDGET: Vote on account boosts shares with railway links
‘These stocks move up a week before budget’. Mumbai, Feb. 9 Expecting a concession in the vote on account for the Railways later this week, share prices of companies supplying railway stocks moved up to 20 per cent ...

INFRASTRUCTURE: Karur textile park likely to be ready in 6 months
Will house 350 looms, provide 30,000 jobs. Coimbatore, Feb. 9 The Karur Textile Park, which is among the 40 parks mooted by the Union Government under the integrated textile park scheme, is expected to be ready within the next ...

POWER: ACT members arrested by North Sikkim Police
Gangtok, Feb. 9 Forty-one members of the Affected Citizens of Teesta (ACT) from Dzongu were arrested by the North Sikkim Police on Sunday on charges of arson and rioting at the project dam site of the controversial Panan hydel power ...

AUTOMOBILES: Retail inventories lower as auto makers adjust production
New Delhi, Feb. 9 The cut in vehicle production by manufacturers during the period ended December last year, and the massive discounts offered to customers is giving automobile dealers some ...

ECONOMY: Panel to meet today on additional borrowings for next 2 months
New Delhi, Feb. 9 A Government-RBI panel will meet in the Capital on Tuesday to decide on the quantum of additional Government borrowing required for the next two months, the Economic Affairs Secretary, Mr Ashok Chawla, ...

READYMADE GARMENTS: ‘Fashion apparels are like perishables, buyers want quick delivery’
Coimbatore, Feb. 9 Indian garment exporters worrying over dwindling orders from the recession-hit US should look to newer markets like Brazil and ...

AUTOMOBILES: ‘Auto industry in dire need of interest rate cut’
Else there would be job losses leading to social unrest, says LGB chief. Coimbatore, Feb. 9The fortunes of the automobile sector are sliding from “bad to worse” and unless the interest rate is cut to 6 per cent to stimulate purchase, ...

SSI: Private land identified for Maditssia engineering cluster initiative
30 applications being processed; efforts on to obtain subsidies. Madurai, Feb. 9 About 90 acres of private land has been identified for the Madurai Engineering Cluster Pvt Ltd, the special purpose vehicle floated by the Madurai District Tiny and ...

PETROLEUM: Wait for unapproved gas distributors may be over
Regulator may start approvals this month; will be based on strict compliance with rules. Kolkata, Feb. 9 The Petroleum and Natural Gas Regulatory Board (PNGRB) is finally set to take a call on the existing city gas distributors (CGD) who had ...

ECONOMY: Optimistic numbers
The advance estimate by the Central Statistical Organisation (CSO) places GDP growth for the current year a notch above the 7 per cent expansion that the Prime Minster’s Economic Advisory Council had forecast. At 7.1 per cent, the ...

ECONOMY: Kerala should enhance revenues to accelerate growth: Kelkar
Even as Kerala has recorded impressive growth in reducing poverty and fostering human development, it requires to generate sufficient resources to maintain the achievements, said Dr Vijay Kelkar, Chairman of the 13th ...

VENTURE CAPITAL: PEs show preference to better diligence
Kolkata, Feb. 9 Private equity players are treading the Indian market with caution in 2009 even when the lower valuations and cry for funds have thrown ...

RURAL DEVELOPMENT: Rural visit
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ECONOMY: Kerala seeks hike in States’ share from Central pool
Kerala has urged the 13th Finance Commission to increase the States’ share from the Centre’s divisible pool from 30.5 per cent to 50 per ...

NON-CONVENTIONAL ENERGY: Green Energy trust to spur renewable investments in India
New Delhi, Feb. 9 GE Energy Financial Services and EPURON Pte Ltd Singapore, a regional subsidiary of Germany’s Conergy Group, have launched Asia-Pacific’s first renewable energy private trust to spur investments into wind, ...

REAL ESTATE & CONSTRUCTION: Special offer from KGEYES
Chennai-based KGEYES Residency Pvt Ltd is set to launch a residential project in the upmarket Kalakshetra colony, a premium residential area in ...

EVENTS: Call for ethics in accounting
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EVENTS: Hyderabad to host Map World Forum from today
Hyderabad, Feb. 9 More than 2,000 global experts and users of geospatial technologies will gather here to deliberate and evolve ways to create a sustainable planet Earth in the conference, Map World Forum during ...

SCIENCE & TECHNOLOGY: US scientist to deliver lecture
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EDUCATION: Vivekanand, Managing Director, FitnessOne; D.G. Vaishnav College, Chennai
Chennai, Feb. 9 “Just exercising and eating right is not enough. Your body needs much more than that,” said Mr Vivekanand, Managing Director, FitnessOne, addressing some 50 MBA students at the D.G. Vaishnav ...