The Hindu Business Line : Thursday, March 19, 2009

INDUSTRY & ECONOMY

FOREIGN DIRECT INVESTMENT: Russian Govt may pick up 20% stake in Sistema Shyam
Deal could be aimed at bailing out Sistema. New Delhi, March 18 The Russian Government may pick up a 20 per cent stake in Sistema Shyam Teleservices for close to $700 ...

EMPLOYMENT: Tirupur: Do rising job ads signal good times?
‘There is still high demand for skilled workers’. Coimbatore, March 18 If you are out of job and want one, Tirupur is probably a place that can give you ...

FOREIGN DIRECT INVESTMENT: Orange Realty’s India subsidiary plan approved
New Delhi, March 18 The Government today allowed Orange Realty to set up a wholly owned subsidiary in India. The company has already received Rs 2,051 crore from IREO Investment Holding III, a Mauritius-based fund focused on setting up ...

ECONOMY: Direct tax mop-up surpasses previous fiscal’s collections
Centre well on course to exceed revised estimate. New Delhi, March 18 Contrary to expectations, the Centre’s direct tax collections this year have already surpassed the total net collections of fiscal 2007-08. Going by this collection ...

FOREIGN TRADE: Trade finance getting dearer
Emerging markets, commodities trade likely to be hardest hit: Survey. New Delhi, March 18 With India’s exports losing traction and sliding on a negative zone since October 2008 in the face of a global economic slowdown and contraction of ...

REAL ESTATE & CONSTRUCTION: Lodha launches affordable home project in Mumbai
Mumbai, March 18 Breaking the sub-Rs 2000 per sqft price barrier in Mumbai, realty major Lodha Group has launched a 6,500 unit affordable home project at Dombivili, 50 km away from the city, at Rs 1,998 a ...

ECONOMY: India’s GDP to slowdown this, next fiscal too: IMF
2008-09 stimulus should help bolster economic growth. New Delhi, March 18 The International Monetary Fund (IMF) projects India’s economy to slow down to 6.25 per cent GDP growth this fiscal and further to 5.25 per cent in 2009-10, ...

PHARMACEUTICALS: Slowdown casts its shadow on pharma sector
Growth projected to slip 2%; cos need to evolve strategies. Mumbai, March 18 The shadow of the slowdown seems to be cast over the pharmaceutical industry as well, and there will be pain over the next few quarters, observed Mr Glenn Saldanha, ...

SSI: Kerala banks do well under economic stimulus package
Public sector banks in Kerala extended finance to 3,345 micro, small and medium enterprises (MSMEs), involving a credit outlay of Rs 443.03 crore, till February 28 this year under the economic stimulus package announced by ...

PETROLEUM: Shell Lubricants’ sales drop 15% in Oct-Dec
Mumbai, March 18 Shell Lubricants’ domestic sales were down around 15 per cent in the last quarter, said Mr Donald Anderson, Country Head, Lubricants, Shell India Markets Pvt ...

INFRASTRUCTURE: Krishnapatnam deep-water port announces financial closure for phase II
Krishnapatnam deep-water port in Nellore district has announced completion of financial closure for the Rs 4,000-crore second phase. Of this, a consortium of 16 banks, with State Bank of India as lead bank, contributed Rs ...

ECONOMY: Bullish on growth
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COURTS/LEGAL ISSUES: Court upholds TN order on levy of Central sales tax
Chennai, March 18 The Madras High Court has upheld the TN Government’s order empowering levy of 4 per cent Central Sales Tax on inter-State trade of certain items, including pulses and ...

RURAL DEVELOPMENT: ‘Corruption a major worry in NREGP work’
Hyderabad, March 18 Corruption is a major concern in the implementation of National Rural Employment Guarantee Programme (NREGP) in Andhra Pradesh, according to a study conducted by the Society for Participatory Research in ...

TOURISM: Jet, Kerala tourism may tie up for holiday packages
Thiruvananthapuram, March 18 This summer, God’s Own Country could, perhaps, be cheaper to holiday ...

WATER: MRPL help for water supply
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AWARDS & HONOURS: Italian award for Ex-NID chief
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EDUCATION: Mr Ganesh Chella, Founder, Totus Consulting; SSN School of Management
Chennai, March 18 “Have a vision for 2030 to surpass the present,” said Mr Ganesh Chella, Founder, Totus Consulting, to the students of SSN School ...

Columnists: • B Venkatesh • C Gopinath • Bhanoji Rao • P.V. Indiresan