HOTELS

PSU
Kerala Cabinet okays one-time funding of sick PSUs
The details of the scheme will be worked out by a group comprising Ministers for Finance, Labour, Industries, Power and Agriculture. More

Govt will encourage PSUs to go global for capital formation: Chidambaram
The UPA Government will continue to encourage profit making State-owned companies such as National Thermal Power Corporation Ltd to go global for capital formation to ensure economic gains for the country, the Finance Minister, Mr P. Chidambaram ... More

PHARMACEUTICALS
Drug withdrawal may impact generic cos
DRUG major Ranbaxy Laboratories Ltd has informed the World Health Organisation (WHO) that it was voluntarily withdrawing all its anti-AIDS drugs from the UN agency's pre-qualification list. The announcement breaking in the country late on ... More

STEEL
Vizag steel plant is a Gandhian's dream come true, says CMD
"THE Visakhapatnam steel plant is the realisation of late Tenneti Viswanadham's dream as he had led the agitation for the plant which inspired us in our youth. He coined the slogan - Visakha Ukku (steel), Andhrula Hakku (right)," recalled Mr ... More

Scrap importers' plea dismissed
THE Kerala High Court on Wednesday dismissed a writ petition filed by the Steel Manufacturers' Association of Kerala and importers of scrap metals challenging the order of the customs authorities requiring the importers of scrap metals to subject ... More

TEXTILES
Sisspa seeks removal of spindle norm for TUFS
THE South India Small Spinners Association (Sisspa) has suggested that the financial assistance for modernisation of textile industries under the technology upgradation fund scheme (TUFS) be extended without insisting on the minimum spindle ... More

Huge potential seen for technical textiles
ECTT has identified 18 segments to facilitate entrepreneurial activity. More

TRAVEL & PLACES
Travel sector faces lodging hurdle
The average room rent is around Rs 5,500 per night, up from about Rs 4,800 two months back. More

MANAGEMENT
B-schools begin to take up commodities
Not only producers, consumers, traders, bankers and speculators but students also are now beginning to look at the opportunities being provided by the commodities market. Recognising the economic importance of futures trading in commodities, ... More

MINDS scouting for corporate partners
THE School of Infrastructure Management and Development Strategies (MINDS) is seeking more corporate partners for its infrastructure management courses. A division of the Bangalore-based Centre for Symbiosis of Technology, Environment and ... More

EDUCATION
HSBC to aid schools for poor children
HONG Kong and Shanghai Banking Corporation Ltd (HSBC) has launched an assistance programme to improve quality of education in schools that house children from low-income groups. The programme EQUIP (Enabling Quality Improvement Programmes in ... More

Microsoft unveils award for innovative teaching
MICROSOFT Corporation India on Wednesday announced an `Innovative Teachers Leadership' award. The award, instituted under its flagship India education programme, `Project Shiksha-Empowering the Future', seeks to honour 10 exceptional teachers who ... More

CARS
Round-the-clock car breakdown service in Hyderabad
A HYDERABAD-based security services firm, State Security Services, has come up with an innovative idea that helps people stranded with their cars to get back on wheels. The Chairman and Managing Director of State Security Services, Lt Isaac ... More

FOODS & FOOD PROCESSING
Fermented food is recipe for good health: Researcher
`It promotes the growth of friendly intestinal bacteria, aids digestion and supports immune function.' More

REAL ESTATE & CONSTRUCTION
Chennai, Pune turn real estate hot spots
CHENNAI and Pune are emerging as new real estate hotspots and will see the biggest growth in commercial real estate development and demand in the coming 12-18 months, driven by the influx of ITES/BPO companies into the country. Bangalore, ... More

IPR
`Transfer of ownership of disputed trademark invalid'
A PERSON, who is not a bona fide user of a registered but disputed trademark "openly and continuously" for a considerable period is not entitled for registration of the said trade mark, the Intellectual Property Appellate Board, Chennai, has ... More

RURAL DEVELOPMENT
$85-m World Bank loan for Orissa
THE World Bank has approved a $85-million loan for Orissa's socio-economic development programme along with a development credit of SDR 27.4 million (equivalent to $40 million) to support such reform programmes. The programme involves economic ... More

EVENTS

EXPORTS & IMPORTS
Oilmeal exports likely to fall on global glut
OILMEAL exports are likely to be lower during the current fiscal, though they are higher during the April-October period. Realisation from exports is also expected to decline during the fiscal as the global market is faced with a glut. "We ... More

CO-OPERATIVES

TOURISM
Poor air-connectivity to Kerala proves a dampener
AS the tourist season in Kerala gets into the fast lane, the international air linkages and aerial arteries are getting choked and crowded. "It might be God's Own Country, but it is a devil of a problem getting here. As the number of visitors ... More

PEOPLE