The Hindu Business Line : Saturday, December 09, 2006

NON-CONVENTIONAL ENERGY
Karnataka Bank signs pact with Orb Energy
Karnataka Bank Ltd has signed a memorandum of understanding (MoU) with Orb Energy Pvt Ltd for financing solar equipment manufactured and marketed by the latter. A bank release said here on Friday that the finance will be extended under bank's ... More

COURTS/LEGAL ISSUES
HC says termination for `unsatisfactory' service could not be termed `punitive'
The order of termination, in order to amount to stigma, must be in a language which imputed something over and above mere unsuitability for the job. More

ECONOMY
`Counterfeiting, pirated goods causing huge loss to global trade'
It is hurting economies world over, says WCO Secretary General More

Lower food, energy prices peg down inflation
Wholesale price index for all commodities at 208.6 points More

ENGINEERING
TN CM urged to look into woes of engineering industry
Representation on traders welfare board sought More

FOREIGN TRADE
Botswana pitches for Indian investment
Plans to set up export development office in Delhi soon More

Chamber, Japanese group ink pact
The Indo-Japan Chamber of Commerce and Industry and the International Friendship Exchange Committee of Japan have entered into an agreement to promote cultural, economic and social interaction. Addressing the gathering at the signing of the ... More

Scope of market access initiative widened
For organising trade festival of India in abroad More

`India, UAE should maximise potential from globalisation'
It is vital that the India and UAE maximise potential from the trend towards globalisation, said Mr Kamal Nath, Commerce and Industry Minister. While speaking at the India-Arab World CEO Summit, he said India and the Arab world had a key role to ... More

HEALTH
RJ Corp appointed Cryobanks licensee
Cryobanks International, a pioneer in the field of cord blood processing and storage, has announced that it has entered into an agreement to license its proprietary technology in the UAE and Thailand to its India licensee, RJ ... More

PETROLEUM
How an oil company milked super-profits
Purchase price Rs 3,245, and selling price Rs 10,887. What is the profit? Rs 7,642, or a 235 per cent mark-up. This are the numbers relating to a kilolitre of ATF or aviation turbine fuel, bought and sold by Indian Oil Corporation Ltd (IOC) from ... More

GAIL buys 30 pc stake in Myanmar oil, gas block
Signs production-sharing contract with Myanmar Oil and Gas More

RADIO/TV
`Implementation of CAS on schedule'
The Telecom Regulatory Authority of India on Friday said that conditional access system (CAS) for Delhi, Mumbai and Kolkata would be implemented as per the earlier announced date of December 31. TRAI said that there would be no delay in ... More

CARS
Car sales up 28.5% in Nov
8 of 11 carmakers see healthy jump in sales More

FOODS & FOOD PROCESSING
Fast food MNCs take Indian recipes overseas
NRI MARKET More

MEDICAL & SURGICAL EQUIPMENTS
Regulatory framework for medical devices mooted
Draft law to encourage global cos consider manufacturing here More

REAL ESTATE & CONSTRUCTION
`FDI in realty sector will add value'
Foreign investors apprehensive due to lack of transparency More

`Rate of return from real estate should be regulated'
`Rising expenditure on realty, retail reflects growing economy' More

KNITWEAR & HOSIERY
Knitwear value-chain taking to `slub' yarn
`Potential to capture market as denim sector is stagnating' More

SCIENCE & TECHNOLOGY
Bhabhatron II to be dedicated on Dec 11
Kalam to inaugurate first unit at Nellore More

MINERALS
Iron ore exports: Panel submits report
A Committee of Secretaries (CoS) formed for considering the matter of restricting iron ore exports, has submitted its report to the Government. According to official sources, the report dealt with several issues related to ... More

FOREIGN DIRECT INVESTMENT
`FDI in retail will cause more unemployment'
Foreign direct investment in retail will only result in more unemployment in an economy already struggling to adapt to outsourced technologies and processes with high labour productivity, says Prof Prabhat Patnaik, Vice-Chairman, Kerala Planning ... More

RURAL DEVELOPMENT
Subsidy for rural mobiles: Bill passed
The Lok Sabha today passed a Bill enabling cellular mobile service providers to get financial support from the Universal Services Obligation Fund for offering mobile services in rural and remote areas. At present, the USO fund is mandated to ... More

IFC unit to support rural biz hubs in N-E
The International Finance Corporation's South Asia Enterprise Development Facility (IFC-SEDF) will partner with the Confederation of Indian Industry (CII) and the Ministry of Panchayati Raj to facilitate and support rural business hubs in the ... More

INCOME TAX
US offshoring tax returns preparation to desi accountants
Demand driven by manpower shortage and rising labour costs: Study More

EXPORTS & IMPORTS
Oilseeds body made nodal export agency
To be nodal agency for export of oilseeds and products More