STATES
TAMIL NADU
Madras School of Economics gets Oriental Bank grant
Madras School of Economics on Thursday received a grant of Rs 30 lakh from Oriental Bank of Commerce. Dr D.K. Srivastava, Director, MSE, told Business Line that the funds would be used for building infrastructure — essentially for ...
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CII meet on urban planning
The Confederation of Indian Industry (CII), Coimbatore, is organising a `Conference on Urban Planning and Construction for the Future' (ConNext 2007) here on March 2 and 3 to discuss the issues that have a bearing on the preparation of a master ...
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`Level playing field for domestic players vs FIIs'
Increase in corporate dividend distribution tax a negative surprise
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`BPO cos offer better work environment'
"If you need a job, and you have the right attitude, aptitude and willingness to work hard, BPO gives you a wonderful opportunity. Any college degree is enough. Indian BPO companies offer better work environment than those in any other country," ...
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Small units hail excise duty relief
The Union Budget has received a mixed reaction from the small and tiny industries sector. The Tamil Nadu Small and Tiny Industries Association has welcomed the excise duty relief granted by the hike in exemption limit for the small scale ...
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Realty industry eyes `skilled civil engineers'
The real estate industry is facing a "severe shortage of skilled civil engineers", according to Mr Manoj Namburu, Chairman and Managing Director of Alliance Infrastructure Pvt Ltd, a three-year-old real estate organisation that had started out ...
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`An inclusive Budget', say industry circles
Falls short of expectations on corporate tax; not much done on service tax front
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Foodgrains' association unhappy
The Tamilnadu Foodgrains Merchants Association, in a statement here, while welcomingthe Budget proposals such as reduction in duty on sunflower oil, duty cut on petrol and diesel, exclusion of the expenditure on free samples and ...
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Plastic manufacturers disappointed
The Tamil Nadu and Pondy Plastic Manufacturers & Merchants Association has expressed disappointment over the Budget not taking steps to bring down the cost of plastic raw material. According to the association, the high cost of plastic ...
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`No profitable prices for farmers'
Though the Union Budget spoke at length on agriculture, it has failed to spell out specific measures to ensure profitable prices for the farmers' produce which would insulate them against crop failures in subsequent season, ...
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`Refreshingly different Budget'
The Madras Chamber of Commerce and Industry (MCCI) has expressed pleasure at the `refreshingly different' Union Budget 2007-08 as it did not spring any major surprises. According to a press release, SMEs, senior citizens and ...
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ANDHRA PRADESH
YSR lauds Budget thrust on farm sector
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, on Wednesday complimented the Union Finance Minister, Mr P. Chidambaram, for the budget thrust on the agriculture and welfare sectors. Addressing a press conference here, Dr Reddy ...
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NRIs: Scope of taxability up
Finance Bill 2007 has proposed certain amendments in the field of corporate taxation and international taxation. It is proposed to widen the scope of taxability of interest, royalty and fees for technical services earned by a non-resident in ...
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Land sale proceeds to part fund AP budget
Apart from Rs 5,000 crore from the IMG Bharata land sale, about Rs 3,500 crore will be raised from sale of land around Hyderabad to meet the Rs 32,973-crore annual Plan needs. 850 acres allotted to IMG Bharata to be sold
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Nipuna's fourth BPO facility in Hyderabad
Nipuna Services Ltd, Satyam's Business Process Outsourcing subsidiary, on Thursday announced the establishment of its fourth BPO facility in Hyderabad, to be located at the K. Raheja MindSpace IT Park. This 87,000 sq ft facility will provide ...
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`Garuda' service to Bangalore
The Andhra Pradesh State Road Transport Corporation (APSRTC) introduced a direct air-conditioned bus (Volvo) service, named Garuda, from Visakhapatnam to Bangalore from Thursday. The bus was flagged off by the Executive Director ...
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Mixed reaction from AP Chambers
The Union Budget has attracted mixed reaction from chambers and business houses representing various sectors in Andhra Pradesh. The reactions have ranged from `good' to lukewarm to disappointing. Mr Y. Harish Chandra Prasad, Vice-Chairman ...
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YSR reviews rural fund progress
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, reviewed the progress of Rural Infrastructure Development Fund (RIDF) under Nabard and directed the Roads and Buildings Department to speed up works. He asked the ...
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Action plan for drinking water
As the summer season approaches, the Andhra Pradesh Government has convened a State-level meeting on March 6 to prepare an action plan to provide drinking water to all the villages. Mr D. Srinivas, Minister for Rural Development, said here on ...
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KERALA
Kuwait group to set up 5-star hotel in Kochi
Partners with InterContinental group
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Kerala co-op banks hike interest rates
As per the revision, the maximum rates will be 6.50 per cent, 6.75 per cent and 7.50 per cent for periods between 91 days and 179 days on deposits in state, district and primary cooperative banks, respectively. For periods between 180 days and ...
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Seminar on media today
The Rajagiri School of Management, Kochi, is organising the third of its series of international seminars on March 2 on `Media in the changing world - Challenges and Opportunities.' Every year the RSOM puts together the knowledge and thoughts ...
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Official language meet
The official language meet of the Rubber Board this year will be inaugurated by writer K.L. Mohana Varma on Friday at the silver jubilee hall of the Rubber Research Institute of India. Mr Sajen Peter, Chairman of Rubber Board, ...
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KARNATAKA
Hutch billing in local language
Hutch on Thursday announced the introduction of its billing in Kannada and eight other languages. Apart from Kannada, subscribers could see their bills in their local languages of Tamil, Hindi, Punjabi, Marathi, Telugu, Bangla, ...
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Bangalore chamber hails Budget proposals
But not happy over dividend distribution tax hike
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Welcome step, say small units
The Karnataka Small Scale Industries Association President, Mr R. Prithviraj, described as timely the proposal of granting increase in the exemption limit from Rs 1 crore to Rs 1.5 crore for SMEs. The tempo of flow of funds to ...
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OTHER STATES
Thumbs up for tax holiday for NCR hotels
The announcement of the Finance Minister, Mr P. Chidambaram, to not only provide a five-year tax holiday for two-, three- and four-star hotels but also conventions centres seating a minimum of 3,000 people in and around Delhi, has been welcomed ...
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MAHARASHTRA
Saraswat Bank ready to pump in Rs 50 cr in Suvarna Sahakari Bank
Saraswat Bank's director rules out contention for merger
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Shell opens outlet in Pune
Shell India Marketing Pvt Ltd (SIMPL) has announced the opening of a retail fuel station (petrol pump) on Mulshi road in Pune. This is the company's 32nd outlet in India and its first in Maharashtra. The company is also in the process of ...
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Robocon India 2007 begins in Pune today
The first team to complete the building of `Victory islands' will be the winner. Duration of the game is three minutes. Winners to represent India at the same event in Vietnam
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Maharashtra may pay Rs 3.30/unit for Dabhol power
New PPA soon with Ratnagiri Gas
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WEST BENGAL
India, France set up panel on food processing
`Creation of food parks, cold chain will be part of agenda'
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`Budget has made tax laws more complicated'
Finance Minister produced defensive Budget, say experts
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Spring is here
A RIOT OF COLOUR: Students of Rabindra Bharati University, Kolkata, celebrating `Basanta Utsav' (Spring Festival) on Thursday to mark Holi (Festival of Colour) at the university campus in Jorasanko Thakurbari. The university is located at the ...
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