Business Daily from THE HINDU group of publications
Tuesday, January 23, 2007
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INDUSTRY & ECONOMY

EMPLOYMENT
The Hindu Opportunities Fair
The registration process is on for The Hindu Opportunities Fair 2007 to be held at the University Stadium here on January 27 and 28. Undergraduates with good communication skills will also be allowed to apply. ... More

INVESTMENTS
Investors assure Rs 3,300 cr for Mangalore
IT, hospitality majors to bring in large chunk More

SOCIAL SECURITY
5% of new pension money to be invested in stocks
Scheme based on defined contribution; Bill awaits passage More

High-level meeting
PENSION MEET: The Union Finance Minister, Mr P. Chidambaram, with the Chief Minister of Delhi, Ms Sheila Dikshit, at the Chief Ministers' Conference on Pension Reforms in the Capital on Monday. ... More

PM for better management of pension liabilities
The Prime Minister, Dr Manmohan Singh, on Monday stressed the need for better management of pension liabilities so that State finances could be managed in a healthy and sustainable way in the future. Addressing a conference of State Chief ... More

Proposal for pension fund investment in stocks hailed
`Will improve liquidity, serve as hedge against inflation' More

AUTOMOBILES
DaimlerChrysler facility to train engineers
More

CEMENT
Customs duty on cement, metals cut
With a view to reducing the cost of manufacturing and encouraging infrastructure development, the Government has decided to reduce customs duty on cement, various raw materials and capital goods. The customs duty on Portland cements had been ... More

COURTS/LEGAL ISSUES
Court to hear Nimbus, DD issue today
Nimbus finds support from BCCI More

ECONOMY
Monetary policy keeps economy on even keel
Judging the purchasing power of a currency with reference to gold should be more scientific than vis-à-vis other leading currencies (N. Shanmuganathan, 'Is our monetary policy sound?', Business ... More

India Inc upbeat on future growth, says CII survey
56% expect employment to increase in second half More

FOREIGN TRADE
Buddhadeb favours bilateral trade policy with Bangla
Inaugurates 20th industrial trade fair More

FICCI moots 3-pronged strategy to double Indo-Russian trade
`Greater transparency will enhance investor confidence' More

Iran invites Indian investors
Energy sector could develop as key area for future ties More

HEALTH
Veg oil industry urged to adopt new technology
Eskimos, the small group of inhabitants in the icy world near the Poles, are hardly bothered by heart attacks, which seem to be plaguing people across the globe in much more conducive climates. The reason, scientists have found, lies in their ... More

INFRASTRUCTURE
States' representation in SEZ-related policies urged
The Associated Chambers of Commerce and Industry of India (Assocham) has called for representation of States in policy matters related to SEZs. The chamber has urged the Prime Minister, Dr Manmohan Singh, to reconstitute a New Group of ... More

Citigroup Venture Capital invests Rs 150 cr in Indu Projects
Citigroup Venture Capital International Mauritius Ltd (CVCIML), the private equity arm of Citigroup, and Indu Projects Ltd (IPL), Hyderabad have on Monday signed definitive agreements for an investment of Rs 150 crore ($33 million) by CVCIML into ... More

Karnataka receives proposals for Rs 50,000-cr investments
Aims to develop Tier II and Tier III cities More

PETROLEUM
Reliance KG Basin to deliver oil first
H1 target estimated at 40,000-50,000 barrels More

Fleet owners may get more time for hull conversion
Single hull tankers can operate beyond 2010 provided their age is less than 25 yrs More

POWER
PowerGrid to invest Rs 10,000 cr to wheel power from N-E
Both the World Bank and the Asian Development Bank have offered to meet the funding of project. More

TNEB tender conditions for supply of washed coal unassailable: HC
The Tamil Nadu Electricity Board was justified in stipulating in its tender specifications that a tenderer bidding for coal supply should have a washery at Talcher area in Orissa, the Madras High Court has held citing a notification of the ... More

Areva T&D tech for NTPC project
Areva T&D has announced the implementation of a 765 kV ultra mega switchyard technology at NTPC's Sipat project. The two companies have partnered to implement the technology at the power station located in Chhattisgarh, the company said in a .. More

Centre to encourage small hydro power projects in North-East
Need for clear, consistent power policy in the region: Aiyar More

TEXTILES
Changes likely in TUFS
The Government is likely to extend the popular Technology Upgradation Fund Scheme (TUFS) for the textile sector beyond the March 2007 deadline. "In our last meeting with the Prime Minister we apprised him of the need to have the Technology ... More

SSI
SSIs invited to trade fairs
The Small Industries Service Institute (SISI) here has invited small-scale and micro enterprises to participate in the Lyon International Fair, France to be held during March 16-26. The show focuses on handicrafts, fashion ... More

RADIO/TV
HC refuses to stay TRAI order on Nimbus
The Delhi High Court today refused to stay the Telecom Regulatory Authority of India's (TRAI) order fixing Rs 37.25 as the bouquet price for Neo Sports and Neo Sports Plus, the Nimbus Communications channels. Rejecting Nimbus's application, a ... More

NDTV now in Australia, NZ
NDTV today entered into a distribution partnership with Vision Asia, through which its English news channel NDTV 24x7 would be available to viewers in Australia and New Zealand. With the tie-up, NDTV has increased its presence ... More

Star India top honchos quit
Putting an end to speculations, Star has announced that Mr Peter Mukerjea, Chief Executive Officer, Star Group, India, and Mr Sameer Nair, Chief Executive Officer, Star Entertainment, India, have tendered their resignations. Mr Mukerjea will ... More

EDUCATION
Award for Engg Staff College
The Engineering Staff College of India here has won the Golden Peacock National Training Award for 2006, constituted by the Institute of Directors, New Delhi. The Director of ESCI, Dr S. Nagabhushana Rao, received the award at a ... More

REAL ESTATE & CONSTRUCTION
Sobha Developers' joint venture for Kerala project
Integrated township project at Thrissur More

INDUSTRY ASSOCIATIONS
PHDCCI's new Secretary General
Mr Krishan Kalra took over as Secretary General at the PHD Chamber of Commerce and Industry (PHDCCI) on Monday. Mr Kalra retired from the position of Additional Secretary General of FICCI. Mr Kalra has been Past President of the ... More

TEXTILE MACHINERY
Coimbatore to host textile machinery expo in July
SIMA joining hands with textile makers' body to showcase latest tech machines More

SCIENCE & TECHNOLOGY
Space capsule recovery successful
Heat-resistant tiles developed by the Vikram Sarabhai Space Centre at Thiruvananthapuram were used for the experiment. More

NEWSPAPERS & PUBLISHING
Materials testing centre for newspapers
The Ifra-RIND Materials Testing and Research Centre for testing newsprint and newsink was inaugurated here on Monday by Reiner Mittelbach, CEO of IFRA, the Darmstradt (Germany)-headquartered global association for the newspaper industry. The ... More

RURAL DEVELOPMENT
Stress on evergreen revolution
`Bio-villages' are the way forward More

EVENTS
TMA announces convention chart
Recommendations arising from the convention will be submitted to the State Government and the Centre. More

EXPORTS & IMPORTS
SEZs: Govt considering `export obligation'
More

Japan turns fragrant for cut flower exports
India replaces Holland as 2nd largest supplier More

TOURISM
BestMed begins operations
BestMed Tourism, a joint venture between Kochi-based Focuz Group and Canadian leisure travel company Unbelievable India Tours, has begun its Indian operations with its launch in Kochi. BestMed Tourism will focus on promoting the medical tourism ... More

Kerala targets 1 lakh medical tourists
State Medical Tourism Policy on anvil: Minister More






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Top Stories
SEBI bans Anirudh Sethi from advising clients

`Manufacturing, fabs will face a tough climb'

Minorities quota: IBA begins debate

Citizen clocks into machinery biz

HC refuses to stay TRAI order on Nimbus

Fleet owners may get more time for hull conversion

Space capsule recovery successful

Japan turns fragrant for cut flower exports

India Cements 9-month net up at Rs 310 cr; losses wiped out

Generic sales inject more profits for Dr Reddy's

Cashew exports drop in value

Looking back
Jan. 14-Jan. 20
Sugar industry ready to exploit Indian Ocean region: ISMA chief

Outlook mixed for global economies

Dues to fertiliser cos may cross Rs 11,500 cr

Pipeline for Rajasthan crude: ONGC, Cairn near consensus

Luxembourg keen to do business with India

Reliance Ind to set up refinery in Yemen

Wheat output: Weather to set course

Low global prices lead to rise in ginger imports

`Easy way' to get a US green card

Diesel for Railways: Discount maintained at last year's level

Saudi Arabia assures increased crude supply

Inflation is matter of concern: Rangarajan

CPI(M) for changes in SEZ Act



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