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Sunday, March 22, 2009
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INDUSTRY & ECONOMY

STANDARDS & BENCHMARKS: Labelling norms: States urged not book cases on erring food cos
Cos get 3-month breather to comply with regulations. New Delhi, March 21 Bowing to industry pressure, the Centre has ‘requested’ State Governments not to book cases against companies not complying with the Health Ministry’s ...

REAL ESTATE & CONSTRUCTION: The ground’s perking up
I have had some bookings happening over the last ...

POWER: IAEA sees India emerging N-manufacturing power
May become major contributor to global construction expertise. New Delhi, March 21 The global nuclear renaissance could potentially see a big chunk of new equipment manufacturing capabilities shifting ...

REAL ESTATE & CONSTRUCTION: Rework Kerala’s master plan
The Indian Institute of Architects (IIA), Kerala chapter, has called for revision of the State master plan prepared two ...

REAL ESTATE & CONSTRUCTION: Real estate: Rationally sub-optimal, behaviourally optimal?
An optimal portfolio should include asset classes that extend beyond bonds and stocks. In typical investment setting, therefore, portfolios include assets such as commodities and arts. But is real estate exposure optimal within a ...

REGULATORY BODIES & RULINGS: Dept of Post fails to achieve targets in postal, rural life insurance: CAG
‘Scheme has not gained popularity with Rlys & PSU bank staff’. New Delhi, March 21 The Comptroller and Auditor General of India has said that the Department of Post failed to achieve the yearly target set for procurement of ...

ECONOMY: Life insurers well-placed to navigate turbulence
The volatility in the global and domestic economy has led to considerable anxiety about the future. Such unprecedented flux across geographies and industries has left both customers and companies uncertain of what lies ahead. The alarm triggered ...

SMALL SAVINGS: Tax load should rule selection
NSC versus 5-year bank deposit. Among the various tax planning options available to investor under Section 80C, bank deposits for a five-year term and National Savings Certificates are the ones that are most often compared. Though the choices ...

REAL ESTATE & CONSTRUCTION: Furnished offices flourish amid gloom
Corporate revenues have shrunk, expenses curtailed and manpower numbers ...

POWER: Capacity addition

ECONOMY: ‘Economic crisis an opportunity to create a new world order’
Chennai, March 21 The current global economic crisis is also an opportunity given to us to establish a new world order that would be “more democratic and sensitive”, the President of Chile, Dr Michelle Bachelet, ...

SSI: Rating SMEs not profitable: CARE
‘Can’t cover costs at current level of pricing’. Chennai, March 21 Credit Analysis & Research Ltd (CARE), the country’s second-largest credit rating agency, feels that rating of small-scale units is a loss-making ...

ECONOMY: G-20 Summit: Camdessus meets Montek
Stresses on need for new trade credit instruments. New Delhi, March 21 Multilateral institutions need to develop new instruments of trade credit if the recovery from the current global economic crisis is to be hastened, the French ...

MEDICAL INSTITUTIONS & HOSPITALS: Apollo Hospitals to ‘Reach’ out to rural areas
Gandhinagar, March 21 After establishing its credentials in the cities over the last 25 years, the Apollo Hospitals Group is now planning to set up a chain of 250 “Apollo Reach” specialty hospitals across semi-urban and rural ...

EMPLOYMENT: 105 companies make 284 offers at IIM Lucknow
New Delhi, March 21 The just-concluded placement season at IIM-Lucknow saw 105 companies make a total of 284 offers. Offers in marketing and finance continued to dominate the ...

ECONOMY: All India consumer price index rises to 462 points
New Delhi, March 21 The All India Consumer Price Index Numbers for Agricultural and Rural labourers for February this year increased by one basis point each to 462 points for ...

EVENTS: Weekly News Round-up
L&T, Spice Corp and Tech Mahindra have submitted their EoIs to take part in the Satyam bidding process, even as iGate backed off from the race. The exact number of EoIs is immediately not known as reports suggested that some multinationals ...

ECONOMY: Public sector banks sound & safe: J.M. Garg
Mangalore, March 21 Public sector banks in India are sound and safe as they don’t want to show anything which is not true, according to Mr J.M. Garg, Chairman and Managing Director of ...

RESEARCH & DEVELOPMENT: ‘Financial support for innovation needed’
Hyderabad, March 21 There is need for extending financial support to boost innovation in industry, according to Prof Sunil Mani, Planning Commission Chair in Development Economics, Centre for Development Studies, ...

FOREIGN TRADE: Japanese manufacturers keen on India: JBIC survey
New Delhi, March 21 The growth potential of China and India, coupled with their forecast higher gross domestic product (GDP), was fuelling interest of Japanese manufacturing companies in these ...

TRAVEL & PLACES: 20-30% growth in US visas issued
...

ECONOMY: Tax collections offer hope
Amid all the worries about the fiscal deficit going out of control and the likely fall in income levels, tax collections for 2008-09 offer some hope. Advance tax payouts for Indian companies up to March 2009 stand at Rs 1,23,400 crore ...


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




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Markets (March 20)
Nifty (at close)2,807.05 (-0.10)
US Dollar (Buy/Sell)50.70
Brent crude (a bbl) Rs2,496
Gold (a gram) Rs1,438
Silver (a kg) Rs24,165


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In Focus
Mandate 2009

Who is hiring?

More

Other Top Stories
Rating SMEs not profitable: CARE

All India consumer price index rises to 462 points

IAEA sees India emerging N-manufacturing power

‘1,000 Nanos may roll out from Pantnagar by April-end’

Looking back
Mar. 15-Mar. 21
Unorganised workers in select sectors to be hit by slowdown

AAI unveils voluntary retirement scheme

Gold to be range-bound, crude poised to go up

Two-wheeler finance sector growth may inch up next fiscal

Rising tide of protectionism

Surging vegoil imports cripple solvent extraction units

Manufacturing cos find downturn a great teacher

Import of sensitive items up 33% in April-Dec 2008

Eastern States cash in on power shortages

Slowdown casts its shadow on pharma sector

India’s GDP to slowdown this, next fiscal too: IMF

Power, fuel constraints hit cement production

Top 10 advance taxpayers’ payout marginally up

India, China set up machinery to sort out trade irritants

US economy: Strong revival signs

Soya oil duty waiver raises doubts; windfall gains for some traders

Unctad stresses on monitoring of financial instruments

Smartbuy



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