The Hindu Business Line : Friday, November 24, 2006

NRIS
FIIs' investment in Yes Bank
FIIs, NRIs and persons of Indian origin can now purchase equity shares and convertible debentures of Yes Bank under the portfolio investment scheme up to 49 per cent of its paid-up capital, according to an RBI circular. ... More

ANTI-DUMPING
Rubber goods sector seeks review of all dumping levies
Growing output-usage gap in raw goods forces imports More

COURTS/LEGAL ISSUES
`Dealer to be penalised for violating sales tax norms'
The Madras High Court has ruled that penalty for contravention of TN General Sales Tax Act, 1959 and availing of concessional rate of tax (against Form XVII) should be imposed on purchaser of the goods and not on seller. The First Bench, ... More

ECONOMY
Sweet `n' sour
The Commerce and Industry Minister, Kamal Nath, may have successfully sold the story to media about the good tidings in the economy with manufacturing notching double digit growth, FDI inflows at a record and GDP expected to top eight per cent ... More

FOREIGN TRADE
Gujarat speaks Chinese to woo investors
Mr Wang Dinglin, Chairman, Sino-Australia Investment Company, who tried all his `techie' instincts and failed to switch on the electronic translator, decided instead to pose for a few photographs. Mr Wang, like many in the visiting Chinese ... More

Relax restrictive rules, Indian CEOs tell China
Call for more cross investments, technology sharing More

EU team visits Vizag fishing harbour, seafood units
Visit significant as EU is main seafood importer now More

Opportunities for trade in services with China: CII survey
More

Hu's `Panchsheel' to boost bilateral trade
On the concluding day of his four-day visit to India, the Chinese President Mr Hu Jintao scripted a `Panchsheel' to expand trade and economic co-operation between India and China. Stepping up bilateral trade, strengthening co-operation in key ... More

HEALTH
Drinking away their loneliness
Loneliness and depression are driving the elderly in Canada to increasing the size and number of drinks. More

Rlys serves special menu for diabetics, heart patients
More

INFRASTRUCTURE
`India as a phenomenon was waiting to happen'
Unless the Government steps into the infrastructure development sector in a really big way, the fruits of economic liberalisation and globalisation cannot be sustained for long in India, Mr Subodh Bhargava, Chairman, Videsh Sanchar Nigam Ltd ... More

AP working on aerospace SEZ, foundry park
Applies to the Centre for clearance of proposal More

Cabinet approves IPOs of three power PSUs
The Cabinet Committee on Economic Affairs on Thursday approved initial public offerings of three State-owned power companies — Power Finance Corporation, Power Grid Corporation and Rural Electrification Corporation — through fresh ... More

`More jobs only if Govt speeds up infrastructure projects'
Narayana Murthy: State Govt taking proactive steps More

PETROLEUM
No overall LPG shortage in the country, says Minister
The Minister of State for Petroleum & Natural Gas, Mr Dinsha Patel, told the Lok Sabha on Thursday that public sector oil companies exported 163 TMT (thousand tonnes) of petrol and 991 TMT of high-speed diesel during the first half of the current More

ONGC likely to win 24 blocks in sixth round
Reliance Ind may get seven blocks More

When jaws dropped...
Correspondents on the petroleum beat were stumped when they ventured to cover the visit of the Iranian Foreign Minister, Manoucheha Mottaki, late last week. After the meeting with the Petroleum Minister on gas pricing, Mottaki and his delegation ... More

STEEL
Essar Steel, Sinosteel in talks to set up plants
Essar Steel is in talks with Chinese steel company Sinosteel Corporation for setting up steel plants in Paradip, Chhattisgarh and Jharkhand. The $6.6-billion project, once completed, will increase the production capacity of Essar from 4.6 ... More

TAXATION
Plea to constitute VAT panel
The Tamilnadu Chamber of Commerce and Industry has appealed to the State Chief Minister to constitute a high-level advisory committee on Value Added Tax (VAT). In a statement here, the Chamber President, Mr S. Rethinavelu, pointed out that ... More

SSI
SMEs urged to tap opportunities in non-destructive testing
International exhibition in Hyderabad in Dec More

WATER
Pure water at Rly stations for Rs 3 soon
In less than two months, passengers would be able to access clean, purified drinking water at Railway stations for as low as Rs 3 a litre - provided they carry their own bottles. By this fiscal-end, about 400 reverse osmosis machines that ... More

MANAGEMENT
IIM-K's Opus meet begins tomorrow
The Indian Institute of Management, Kozhikode (IIM-K), is all set to organise the 2006 edition of its annual operations seminar, Opus, at its campus on November 25-26. The theme of the seminar this year will be `India Inc - from Sustenance to ... More

EDUCATION
BL Club lecture today
As part of the Business Line Club activities, Mr G.S. Subrhmonya , Area Manager of Stock Holding Corporation of India Ltd, Mangalore, will speak on `Dematerialisation and capital markets' at the KVG College of Management ... More

MEDICAL INSTITUTIONS & HOSPITALS
Space Hospitals in tie-up with Amrita Institute
Space Hospitals has tied up with Amrita Institute of Medical Science to cater to the growing medical requirements of Kerala and for providing telemedicine services. Space Hospitals has plans to extend such network facilities across India. As ... More

REAL ESTATE & CONSTRUCTION
Realty meet in Delhi on Dec 1
The Delhi-NCR chapter of CREDAI (Confederation of Real Estate Developers' Associations of India) will organise a conference on `Real estate trends in NCR' on December 1 in the Capital. The conference will be a platform for ... More

PAPER, BOARD & NEWSPRINT
ICICI Bank may lend Rs 750 cr to White Field Paper's SEZ
The ICICI Bank's special economic zone division is considering a long-term loan of Rs 750 crore to the special economic zone — White Field Paper Mills Ltd — coming up at Kovvuru in West Godavari district. According to Mr T. ... More

SCIENCE & TECHNOLOGY
`Nanotech funding has gone up substantially'
Applications in healthcare, auto, IT, biotech More

MINING & QUARRYING
Minister confident of new mines policy by March
Amendment likely to see automatic mining lease for investors More

GENDER
Peace and empowerment
Grameen Bank's Muhammad Yunus has ushered in a silent revolution of poverty alleviation and women's empowerment. More

FOREIGN DIRECT INVESTMENT
`Govt to define civil aviation, set FDI limits in connected sectors'
Growth in domestic air travel has been 50 pc More

UK Minister holds talks on investment in Bengal
The UK has underlined its potential to invest in select sectors of the economy in West Bengal. These include the infrastructure and transportation sectors, ports, airports and manufacturing. The UK's Minister for Trade & Investment and Foreign . More

TRADE & LABOUR UNIONS
Left-affiliated unions hold rally
The Left party affiliated trade unions on Thursday staged a major demonstration here to protest against the anti-people policies of the Government such as the failure to bring about land reforms and failure to bring price rise ... More