The Hindu Business Line : Tuesday, November 10, 2009

INDUSTRY & ECONOMY

SSI: Institutions get a free hand in follow-on issue pricing
SEBI board moots separate trading platform for SMEs. Mumbai, Nov. 9 The Securities and Exchange Board of India (SEBI) on Monday decided to introduce the “pure auction” method of book building in ‘Follow on Public Offers’ ...

BUSINESS MODELS: ‘Data, video services to see dramatic growth’
Alcatel Lucent finds joint venture model working well in India. New Delhi, Nov. 9 An ardent fan of the Arsenal football club, Alcatel Lucent’s Global CEO, Mr Ben Verwaayen, is steering the Franco-American telecom company through what he ...

AUTOMOBILES: Chinese automakers eye big business in India
Will try and make a dent at the lower end of the pyramid. New Delhi, Nov. 9 The entry of SAIC Motor Corporation (better known as Shanghai Auto) into the Indian market a few weeks from now is a clear signal that the Chinese are serious about ...

ECONOMY: It’s boom time for banks and financial cos
Banking and financial products offered by various financial institutions have witnessed a robust growth in West Bengal, according to banks and stock broking companies active in this part of the country. This is despite the fact that ...

POWER: Faltering coal output may leave power projects stranded
Blending problem at coal-fired stations forecast. New Delhi, Nov. 9 The prospect of a power crisis looms large, with the widening demand-supply gap for domestic coal production projected to lead to a blending problem at existing coal-fired ...

NON-CONVENTIONAL ENERGY: Cutting overall costs of solar generation plants crucial: Rosaiah
Over 67 exhibitors from 16 countries take part in Solarcon India ’09. Hyderabad, Nov. 9 The Andhra Pradesh Chief Minister, Mr K. Rosaiah, on Monday assured support to companies setting up solar power generation plants under the new solar ...

NON-CONVENTIONAL ENERGY: Fraunhofer Institute to assist Indian solar power firms
Moser Baer, Lanco, Sun Borne, Titan Energy allotted land. Fraunhofer Institute for Solar Energy Systems, one of the largest research centres in Germany, is in parleys with Indian companies to share its research and development expertise and ...

TAXATION: Govt, RBI to hold talks on goods, services tax system
New Delhi, Nov. 9 The Finance Ministry will hold detailed consultations with the RBI on the proposed Goods and Services Tax (GST) system once the contours of the new system are ready, the Revenue Secretary, Mr P.V. Bhide, said here on ...

EVENTS: ‘Interest rates may remain stable till March’
Interest rates are likely to remain stable till March, according to Mr M.V. Nair, CMD of Union Bank and Chairman of the Indian Banks’ Association. Speaking on the sidelines of the World Economic Forum’s India Economic Summit here, ...

EDUCATION: Arihant Education’s biz school
Arihant Education & Charitable Trust has established ISMT Business School in Mumbai for working professionals. It proposes to offer an MBA degree for which it would conduct lectures across three campuses in Mumbai, according to a press ...

NON-CONVENTIONAL ENERGY: NLC to set up wind power project
Neyveli Lignite Corporation plans to set up a 50-MW wind power project in Tamil Nadu. NLC has informed the stock exchange that its board has approved the proposal. It would soon issue tenders for the project to be set up on a turnkey ...

URBAN DEVELOPMENT: 2 city corporations in Karnataka bag waste management award
Two of the city corporations in Karnataka have bagged the first and second positions in solid waste management at the national ...

TRAVEL & PLACES: US lawmaker seeks tighter checks on H-1B visa frauds
US Senator Charles Grassley – the co-author of the Durbin-Grassley Bill, which had proposed to limit the H-1B hirings to 50 per cent of the total workforce of an employer – has shot off a letter to US immigration authorities ...

MEDICAL & SURGICAL EQUIPMENTS: Call to increase domestic production of diagnostic devices for affordable healthcare
Hyderabad Nov. 9 The two-day International Knowledge Millennium Conference began here on Monday, with a call to the healthcare industry to increase domestic production of equipments so as to increase affordability of healthcare. The ...

ECONOMY: Economy awaits treatment
It is not uncommon for the head of a government to pilot the agenda of a policy change and, when the change process falters, to re-affirm the commitment so as to instil confidence among stakeholders and, more critically, among dispirited ...

COURTS/LEGAL ISSUES: Competition tribunal starts work; clears 10 MRTP cases in 3 days
New Delhi, Nov. 9 The newly constituted Competition Appellate Tribunal has disposed of around 10 cases within three days of it starting to hear cases inherited from the Monopolies and Restrictive Trade Practices ...

DISINVESTMENT: No timeline yet for PSU divestment
Mr Arun Maira, Member, Planning Commission, said on Monday that no timeline or target date for disinvestment of public sector enterprises (PSEs) has been set yet, although the criteria for selection of the companies ...

PSU: Value unlocking
The four public sector institutions selling stakes to T. Rowe Price will net a total of Rs 650 crore from their sale of 6.5 per cent stake each in UTI Asset ...

RURAL DEVELOPMENT: Tardy pace
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EVENTS: CEO conclave
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SSI: Medium, small units deserve low-cost credit window: FIEO
The Federation of Indian Export Organisations (FIEO), on Monday, said that the RBI’s latest data on the decline in non-food credit by banks to 9.7 per cent during the first half of the current fiscal vis-À-vis 29.1 per cent in ...

TRADE & LABOUR UNIONS: CITU wants amendment to Industrial Employment Act expedited
Madurai, Nov. 10 The Centre of Indian Trade Unions (CITU) has urged the Tamil Nadu Government to expedite the process of amending the Industrial Employment (Standing Orders) ...

HOTELS: Phoenix to launch Marriott hotels in Mumbai, Agra
Mumbai, Nov. 9 Phoenix Hospitality Company, a hospitality initiative of the Ruias’ promoted Phoenix Mills, has inked a long-term management agreement with Marriott International to set up Marriott hotels in Mumbai and Agra at a cost of ...

EDUCATION: Mr Venugopal Nair, CEO, Brand Portrait; Vael’s Inst of Business Administration, Chennai
“Do what you really like and somewhere down the line you will be rewarded for that,” says Mr Venugopal Nair, CEO, ...

ANTI-DUMPING: Probe into chemical import from China
The Designated Authority in the Commerce Ministry has initiated an anti-dumping investigation into the import of sodium tripoly phosphate (STPP), a solid inorganic compound used in household cleaning products from China. In response to a ...