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Thursday, June 18, 2009
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INDUSTRY & ECONOMY

DISINVESTMENT: Govt committed to coal reforms, says Minister
Divestment in Coal India, role for private sector. New Delhi, June 17 The Centre is fully committed to coal sector reforms, including divesting stake in mining monopoly Coal India Ltd and allowing private participation in the sector, the Coal ...

EVENTS: ‘The eventual integration of media’
Cannes will point us to where communication is going, says our columnist.. Ideas have no geography. They come with no media plan. They refuse to be boxed. They are a reaction to a challenge or opportunity… a rebellion against prejudice. ...

POWER: TNEB entering tie-ups for captive coal mines
Shortfall of 2 m.t. of coal expected. The Tamil Nadu Electricity Board is getting into joint ventures for captive coal mining to enable assured supply of coal for ...

EXCISE AND CUSTOMS: Incentives to scrap old vehicles will boost demand
Industry seeks cuts in interest rate, rationalisation of excise duty. Mumbai, June 17 The Government should give incentives to customers for scrapping old vehicles, in line with what Germany has done to increase sagging vehicle sales, said Dr ...

POWER: Karnataka Power Corp begins blending Indonesian coal
Blending up to 20% of coal consumption of thermal plants. Bangalore, June 17 The State Government-owned power utility Karnataka Power Corporation Ltd has begun blending imported Indonesian coal for its ...

PSU: NHPC public float in 2-3 months
The Union Power Minister, Mr Sushilkumar Shinde, on Tuesday said NHPC Ltd will float its initial public offering in 2-3 months. It has time till September 17 to come out with its IPO without seeking a fresh approval from the Securities and ...

EVENTS: NMAM graduation day on June 20
The Nitte-based NMAM Institute of Technology and Justice K.S. Hegde Institute of Management will conduct graduation day ceremony of the M. Tech and MBA batches of 2007-09 at Nitte on June 20. A statement said here that Dr C. Rangarajan, ...

BREWERIES: Liquor cos seek rationalisation of duty structure
New Delhi, June 17 International Spirits and Wines Association of India (ISWAI) has said the recent Delhi Government’s notification of a 25-30 per cent hike on imported liquor will increase the grey market share in North ...

INDUSTRY ASSOCIATIONS: Chamber moots industrial advisory panel for TN
Facilitation desk to boost investments proposed. Chennai, June 16 The Southern India Chamber of Commerce and Industry has suggested to the Tamil Nadu Government the constitution of an industrial advisory committee and investment facilitation ...

INFRASTRUCTURE: Land acquisition for Technocity likely to be over by year-end
Thiruvananthapuram, June 17 Acquisition of land for developing the 450-acre Technocity IT township near Thiruvananthapuram is expected to be completed by December this ...

EVENTS: High on expectations
If the recent past is anything to go by, there is much to look forward to at Cannes.. The Cannes Lions are just a week away. So how is this edition shaping up? After all the moaning and groaning about the downturn, all the posturing about ...

PETROLEUM: BPCL Kochi Refinery develops eco protection tech
Kochi, June 17 Bharat Petroleum Corporation Ltd — Kochi Refinery has developed a unique environment protection technology for removing toxic hydrogen sulphide gas produced when crude oil is heated to high ...

EVENTS: Bangalore Bio 2009
...

PHARMACEUTICALS: Avesthagen in tie-up with Finland centre
Avesthagen Ltd said it has signed a memorandum of understanding (MoU) with Finland’s VTT Technical Research Centre to take up product-based research projects in ‘theranostics’ – therapy-based diagnostics – that ...

AUTOMOBILES: Tata Elxsi sees opportunities in green technology for auto industry
Thiruvananthapuram, June 17 Despite the global economic slowdown, Tata Elxsi sees significant opportunities in the automobile and aerospace ...

URBAN DEVELOPMENT: Mumbai Metro officials to meet Wadala tower developers today
Officers of the Mumbai Metropolitan Region Development Authority (MMRDA) will meet the prospective developers, who have purchased the pre-qualification document for developing the 101 storey tower at Wadala on ...

STEEL: SAIL plants to consume more domestic coal
Kolkata, June 17 Steel Authority of India’s (SAIL) plants, according to a tentative plan prepared so far, are to consume more domestic coal in 2009-10 compared with ...

TOYS: Govt extends ban on Chinese toys till Jan
New Delhi, Jun 17 The Government today extended the ban on import of toys from China up to January ...

EDUCATION: Christel to build learning centres for poor near Pune
Bangalore, June 17 Christel House International, which builds learning centres in impoverished neighbourhoods across the globe, will build a learning centre at Lavasa, a hill city coming up near ...

FOREIGN TRADE: India extends ban on milk products from China
New Delhi, June 17 India has extended for the second time the ban on the import of milk and milk products from China by six months from ...

EDUCATION: Globsyn to set up 6 campuses
Globsyn Business School plans to invest $8-10 million to set up six B-schools (five domestic and one international) within three years, according to Mr Bikram Dasgupta, Chairman and Chief Executive Officer, Globsyn. The institute, which has a ...

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




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Markets (June 17)
Nifty (at close)4,356.15(-161.65)
US Dollar (Buy/Sell)48.13/14
Brent crude (a bbl) Rs3,310
Gold (a gram) Rs1,347
Silver (a kg) Rs23,420


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