The Hindu Business Line : Thursday, January 25, 2007

COURTS/LEGAL ISSUES
Steers clear of legal tiff
Avesthagen Gengraine has tried to steer clear of the legal battle being fought between its investor, Groupe Danone and the Wadia Group. The Wadias have filed a case against Groupe Danone for investing in Avesthagen, which they claim breaches an ... More

ECONOMY
Govt slashes duties on edible oils
Tariff values on palm oils to be at end-July 2006 levels More

Plan panel pitches for higher gross budgetary support
The Planning Commission is pitching for an enhanced amount of gross budgetary support (GBS) in real terms to the Central Plan in fiscal 2007-08, the inaugural year of the Eleventh Five-Year Plan, in the light of the compulsions of the UPA ... More

FOREIGN TRADE
India, Russia to boost defence co-operation
Agreements on joint aircraft development to be signed More

India, Finland to strengthen ties
India and Finland today said that bilateral relations would gain further momentum in the light of the robust existing economic ties between them. Speaking at a business luncheon meeting with Finland President Ms Tarja Halonen, Union Commerce & .. More

Assurance to bring US cos into Tier-II cities
Cheap labour, low attrition rates remain main attraction More

HEALTH
New therapy for spinal disorders
A senior spine specialist from Venezuela has claimed that a new surgical intervention for degenerative disc (spinal) disorders has proved to be beneficial and cheaper. Dr Guillermo Bajares, Director of Caracas Spine Institute of Venezuela, ... More

INFRASTRUCTURE
Parsvnath to develop city centre in Ranchi
Real estate player Parsvnath Developers Ltd has won the bid to develop a city centre in Ranchi in Jharkhand. The project value will be around Rs 400 crore. The tentative saleable area of the project will be 10,00,000 lakh sq ... More

PETROLEUM
Crude oil output in Dec up 10.6 pc
Crude oil output of the country rose by 10.6 per cent in December 2006. However, natural gas output fell by one per cent to 2.723 billion cubic metre (BCM) in December from 2.751 BCM during the same month of the previous year. According to a ... More

Chevron may bid for oil, gas blocks
US oil major Chevron Corporation may participate in the next round of bidding for oil and gas exploration blocks under the New Exploration Licensing Policy (NELP-VII). Chevron had last bid for oil assets in India during pre-NELP days and had no ... More

POWER
PowerGrid in talks with US firm
The proposed alliance would provide an opportunity for PowerGrid to enter into the high technology area in the US. More

KSEB signs pact to buy power from local body
The Kerala State Electricity Board (KSEB) has signed an agreement for purchase of power from a hydel project being established by Palakkad district panchayat. Meenvallam small hydel project, with an installed capacity of three megawatts, is ... More

Tata Power, Chhattisgarh ink MoU
Tata Power Company has signed a memorandum of understanding with the Chhattisgarh Government for a 1,000-MW plant in the State. The estimated cost of the project is Rs 5,000 crore. This project will require approximately ... More

Power cut in Coimbatore areas
The Tamil Nadu Electricity Board plans to carry out emergency maintenance works at the Kundah Hydro Stations between January 26 and 28. This is expected to halt power generation at Kundah Power House II and III to the tune of 300 MW, which in ... More

TAXATION
Nod for ordinance to amend Tax Act
The Union Cabinet on Wednesday gave its nod for the promulgation of an ordinance to amend the National Tax Tribunal Act 2005. The move to promulgate an ordinance comes close on the heels of the Supreme Court's order that went ... More

COAL
Rlys, Rosa Power ink pact for transporting coal
The Railways will get committed coal traffic of 27 lakh tonnes per annum from the company for 25 years. More

EDUCATION
Management course for eastern region auto sector
`Govt will extend assistance to tackle manpower shortage' More

Cabinet nod for 5 pharma institutes
The Cabinet on Wednesday approved the promulgation of an ordinance to amend the NIPER (National Institute of Pharmaceutical Education and Research) Act of 1998 to allow for the early commissioning of similar institutes. The NIPER Act, which ... More

REAL ESTATE & CONSTRUCTION
Eros Group buys land in Dwarka
The Delhi-based real estate player Eros Group has acquired three acres of land in Dwarka for Rs 234 crore through DDA auction. The company plans retail-cum-commercial development at a total outlay of Rs 500 crore. It plans to develop 1,50,000 sq. ... More

LEATHER
Footwear component makers against duty-free import
Call to allow exporters to buy from domestic industry More

FOREIGN DIRECT INVESTMENT
Opening the gates
There are mixed feelings about the entry of FDI into retail. More

HUMAN RESOURCES
`Ad industry doing nothing to stem exodus of talent'
The Rediffusion Chairman suggests ways in which talent can be brought back into the advertising profession. More

EVENTS
Rubber expo generates Rs 1,000-cr biz
The Fourth Indian Rubber Expo 2007 held in Chennai generated about Rs 1,000 crore business, according to Mr Anil Sampat, Chairman of the event. The four-day event saw 42 paper presentations and over 10,300 visitors, including 120 overseas ... More

INCOME TAX
Chidambaram launches `Refund Bank' pilot project
State Bank of India to be refund banker in Delhi, Patna More

EXPORTS & IMPORTS
Tea export earnings slide
Tea export earnings fell between January and November 2006 — the latest period for which official figures are available — compared with the earnings of the same period in 2005. Despite an increase in the volume exported the earnings ... More

Arrival of another cargo ship creates tension at Kakinada
Steel barge owners' body files suit against port officials More

TOURISM
Wayanad estate owners take to `home stay' biz
Win-win situation for tourists and loss-making estates More

STANDARDS & BENCHMARKS
Intel working on WiMAX standards
To invest more in processor tech More

PEOPLE
ICSI regional council office-bearers
The Southern India Regional Council of the Institute of Company Secretaries of India has elected the office bearers for 2007 at its 113th meeting held here on Sunday. According to a press release from the council, the office ... More