The Hindu Business Line : Friday, April 03, 2009

INDUSTRY & ECONOMY

INTERVIEW: ‘Key reform word is balance’
New Delhi: Even as electioneering is yet to get into its stride, with some of the major parties such as the BJP still to unveil their manifestos, the Congress went one up recently, releasing a sleek 21-page booklet that charts ...

SSI: Vendors see growing interest from first-time outsourcers
Trend more pronounced among SME clients. Bangalore, April 2 Even as uncertainty persists over clients’ budgets, Indian IT vendors have begun to see growing interest from first-time outsourcers looking to rein-in ...

PETROLEUM: ‘Reliance’s D6 gas output to reduce oil import bill by 10%’
Project likely to generate $2 b revenues in 2009-10. New Delhi, April 2 The natural gas production from Reliance Industries Ltd’s (RIL) East Coast Block will reduce the country’s oil import bill on an annualised basis by $9 billion. ...

MINING & QUARRYING: Mining goodwill
Hospet-based Baldota group shares the success of its iron ore mining with the town’s people. Back in the 1960s, Narendrakumar Baldota’s father, Abheraj H. Baldota, was known as India’s ‘Metal King’. With a degree ...

PETROLEUM: Fuel pricing policy key to Reliance’s joint venture route for petrol pumps
Only prospective bidders for the venture so far are IOC, Shell. Mumbai, April 2 Reliance Industries’ move to rope in an ally and revive operations at its 1,432 fuel outlets (petrol pumps) was not entirely ...

ANTI-DUMPING: Ministry for continuation of dumping duty on caustic soda
Prompted by the fears of domestic caustic soda manufacturing units of cheap imported caustic soda from Indonesia, the European Union (excluding France) and Chinese Taipei (Taiwan) imperilling their very viability, the Commerce Ministry ...

EDUCATION: IIM-B hikes fee for this year
Bangalore, April 2 Students entering the Indian Institute of Management, Bangalore, this academic year for the PGP (post-graduate programme) will face a fee hike of Rs 25,000 for the current year and Rs 75,000 ...

CEMENT: Higher demand pushes up cement sales in March
‘But long-term prospects still look uncertain’. Mumbai, April 2 March was a good month for cement companies with ACC, Ambuja Cement, Ultratech Cement and Grasim Industries reporting higher sales than the ...

HUMAN RESOURCES: Hays Plc opens India unit
Mumbai, April 2Specialist staffing firm Hays Plc launched its India unit with the aim of providing its contingency-based recruitment services here. As per the recruitment model, Hays will charge a recruitment fee from its client only if ...

INFRASTRUCTURE: Flyover in progress
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HOTELS: Taj, Oberoi hope to stick to opening schedule
Mumbai, April 2 Taj Mahal Palace and Oberoi Hotel, Mumbai’s iconic hotels that were targets of the November 26th terror attacks, hope to be able to stick to their reopening schedule of December-January, despite ...

AUTOMOBILES: Maruti sales up 22% in March
Chennai, April 2 Maruti Suzuki India Ltd, which commands more than half the passenger car market, has seen its total sales increase 22 per cent in March 2009 over the same month last year, with domestic sales growing 15 per cent and ...

PSU: Ordnance Factory Board turnover rises 13%
Kolkata, April 2 Ordnance Factory Board has registered 12-13 per cent growth in turnover in 2008-09 at Rs 7,800 crore and expects it to grow to Rs 9,200 crore in 2009-2010, according to the Board’s DGOF and Chairman, Mr ...

ENVIRONMENT: KSIDC scouts for consultant for oceanarium
The Kerala State Industrial Development Corporation (KSIDC) has started looking for a consultant to carry out a detailed techno-commercial feasibility study for developing an oceanarium at Puthu Vypeen in Kochi. The proposal for the ...

EDUCATION: Prof David M. Hunt and Mr David R. Woodgate of the Institute of Financial Accountants, UK; R.K.M. Vivekananda College
Chennai, April 2 India should make concerted efforts towards fair valuation of assets as the country was gearing its systems for the adoption of the IFRS (International Financial Reporting System) which would become mandatory from 2011, ...

EDUCATION: Training for high-school students
The summer training programme for high-school students at the Kerala State Centre of the Institution of Engineers (India) will commence on April 15, according to Mr S. Radhakrishnan, Honorary Secretary. The programme will also include ...

PEOPLE: CBEC gets new member
The Central Board of Excise and Customs (CBEC) has a new Member in Ms Chitra Gouri Lal. Prior to her elevation, Ms Lal was holding the charge of Chief Commissioner of Central Excise and Service Tax in Delhi zone. She has been appointed to the ...