The Hindu Business Line : Thursday, March 08, 2007

EMPLOYMENT
IIM-B: Global cos make offers
It was a mix of investment banks and consulting companies that made offers today to the graduating batch of the Indian Institute of Management, Bangalore. Goldman Sachs, Lehman Brothers, Merrill Lynch, UBS, HSBC, Barclays Bank, ... More

Session on career launch
The Hyderabad Chapter of the Recruiters Association is organising a session on `Career Launch: Set The Perspective Right,' on March 9 at St Anne's college for women. The programme will cover industry verticals and is targeted at ... More

Workshop on commodities trade
Mr Ashok Mittal, Vice-President of Karvy Comtrade Ltd, has said that the burgeoning commodities markets in the country offer huge employment opportunities. Addressing the inaugural of the two-day workshop on commodities trade at ... More

NRIS
City Union Bank trims NRE rates
City Union Bank Ltd has effected a downward revision in its FCNR and NRE deposit rate with effect from March 1. The rate on NRE deposit for tenure of up to one year has been slashed to 5.74 per cent (5.93), 5.55 per cent (5.85) ... More

SOCIAL SECURITY
EPFO trustees to meet on March 10
Higher interest rate likely only in next fiscal More

AUTOMOBILES
New mega integrated auto policy in TN
For projects above Rs 4,000 cr More

BUDGET
Air Deccan not affected by Budget provision
Air Deccan on Wednesday said that it was not affected by the change made by the recent Budget to the effect that all small aircraft — not only ATRs — up to a maximum weight of 40,000 kg would be eligible for a concessional central ... More

DDT: Whither the level-playing field?
The Dividend Distribution Tax (DDT) is proposed to be increased to 15 per cent by the Finance Bill, 2007 with effect from April 1. Before this proposed amendment, companies were liable to pay DDT at 12.5 per cent plus surcharge and education cess ... More

COURTS/LEGAL ISSUES
New Chief Justice of Calcutta HC
Mr Justice Surinder Singh Nirjhar of Punjab and Haryana High Court on Wednesday took oath as the Chief Justice of Calcutta High Court. The Governor of West Bengal, Mr Gopal Krishna Gandhi, administered the oath at the Chief ... More

ECONOMY
Chhattisgarh annual Plan fixed at Rs 7,413.7 cr
Meghalaya CM outlines plan priorities More

India through the global lens
Brand India ranks high on the agenda of international TV channels. And the world is finally getting the real taste of the country. More

ACCOUNTANCY
New VC for ICFAI varsity
Mr Koshy Verghese has been appointed Vice-Chancellor of ICFAI University, Mizoram, according to a press release from the Institute of Chartered Financial Analysts of India (ICFAI) here. Mr Koshy is an industry veteran, who has ... More

EXCISE AND CUSTOMS
How duties affect imported spirits
The Chairman of the International Association of Wines & Spirits, Mr Amrit Kiran Singh, commenting on the US trade office taking India to the WTO said: "India's fear of cheap imports flooding the market is misplaced. Even if import duties are ... More

E-payment mandatory from April for some excise assessees
Chidambaram launches electronic accounting system More

`Considerable duty evasion in central excise'
The Finance Minister, Mr P. Chidambaram, on Wednesday urged manufacturers to pay their excise duty "correctly and punctually," stating that excise duty evasion may not work to their advantage in the long run. "While corporate tax and income tax ... More

FOOD & DAIRY PRODUCTS
Biscuit makers seek uniform exemption
Biscuit makers on Wednesday asked for a blanket relief from excise duty for the entire sector, similar to the one granted to other food mixes in the Union Budget. It felt that "the Budget proposal (of differential exemption) will help only a few ... More

FOREIGN TRADE
US cos eye Bengal for big investment avenues
US-India Business Council team keen to strengthen trade ties More

HEALTH
AIDS awareness drive
The efforts of APSACS (Andhra Pradesh State AIDS Control Society) in increasing awareness on the disease seem to be yielding results. At least 13 industries in the State have begun workplace intervention for prevention of the ... More

HOTELS
Hyatt buys Balaji Hotels in Chennai for Rs 200 cr
The half-constructed hotel property of Balaji Hotels and Enterprises Ltd on the arterial Anna Salai in Chennai has been bought by the US-based Hyatt group from Balaji Hotels' creditors, IFCI, it is learnt. Sources said that the consideration ... More

PSU
Public sector jobs on decline in AP
Private sector provides more jobs More

PETROLEUM
GAIL-Shell to work on facility sharing
GAIL (India) Ltd and Shell India have joined hands for facility sharing. The two have agreed to share GAIL's pipeline interconnectivity with Hazira terminal for gas supplies in the country. According to a statement issued by GAIL, "The two ... More

PHARMACEUTICALS
Medicine labels to be simplified
New IPR rules soon More

POWER
SAARC to look at energy trade potential of the region
Power Ministers' meeting commissions study More

Global Energy seeks intra-state trading licence
To source cheap power and sell to TNEB More

TAXATION
`Fringe Benefit Tax on ESOPs amounts to economic double taxation'
"The proposal raises a plethora of cross border taxation issues, especially in the case of globally mobile population." More

WATER
TN team visits South Australia
A team of officials from the Public Works Department, Tamil Nadu, is in South Australia to discuss with experts there on water management, according to a press release from the Department of Trade and Economic Development, South Australia. ... More

Kerala sticks to demand for new dam at Mullaperiyar
`Cauvery award threatens irrigation projects' More

MANAGEMENT
ICFAI admissions for MBA course
ICFAI (Institute of Chartered Financial Analysts of India) University, Uttarakhand, invites applications for a full-time MBA course at the various centres of the ICFAI National College in the country for the current academic year. At a press ... More

TERRORISM
As the US mounts pressure — Musharraf embarks on Iranian containment
Even as some of our television channels are asserting that the Pakistani President, Gen Pervez Musharraf, is India's "best bet" for peace and harmony in the region, scholars in Pakistan seem to think otherwise. In his book Frontline ... More

EDUCATION
`Practice, not theory, is the key to corporate governance'
The secret of corporate governance is in its practice and not theory," said Mr Krishnamurthy Shankaran, Group Director (Corporate Affairs), TTK Group, on Wednesday. He was delivering a lecture on `Corporate Governance and Ethics' at the M.S. ... More

`Talent management gives the edge'
Do you think all companies with capital and technology will be able to survive? No, said Mr A. Aravamudhan, Executive Vice-President-Human Resources, Lucas TVS, at Combat-2007, an intercollegiate management meet organised by the School of ... More

FOODS & FOOD PROCESSING
Developing countries decry private safety standards on food items
Deem them as too costly and obstructing trade opportunities More

REAL ESTATE & CONSTRUCTION
HTL sells property for record price
Gets Rs 297 crore for 11 acres More

INDUSTRY ASSOCIATIONS
India Inc asked to gear up for almost exemption-free tax code
Every exemption has a father, grandfather, guardian and a foster parent: Chidambaram More

GENDER
Fair to the fairer sex?
I took my share of flak as a part of the advertising community for allegedly promoting gender bias, sustaining stereotypes and portraying women as sex objects. This piece is not about what is wrong with the portrayal of women in the media, ... More

Only 14% Indian women in top posts: Survey
Though Thursday would be celebrated as International Women's Day, the latest findings of a survey reveals that only a small number of women hold top positions in corporate houses worldwide, while in India only 14 per cent of women make it to the ... More

FOREIGN DIRECT INVESTMENT
FDI cap hike in insurance opposed
The Insurance Corporation Employees' Union, affiliated to the All-India Insurance Employees' Association (AIIEA), has flayed the Budget proposal to increase foreign direct investment cap in the sector from 26 per cent to 49 per ... More

WTO
US takes India to WTO on liquor duties
Kamal Nath hopeful of early resolution More

IPR
Seminar on IPR issues today
Mangalore University will organise a seminar on intellectual property rights (IPR) issues on March 8. A release said that the objective of the seminar is to bring awareness about IPR, its concepts and procedure to avail patents ... More

RURAL DEVELOPMENT
Govt gets aggressive bids for rural mobile project
Two-part bidding sees good response More

ENTREPRENEURSHIP
SCWEC plans support for women entrepreneurs
Women entrepreneurs in small and tiny sectors and traditional crafts are to get an international marketing opportunity, with the SAARC Chamber Women Entrepreneurs Council (SCWEC) planning a marketing facility for the products and supporting women ... More

INCOME TAX
One chance to come clean
One cannot hereafter wake up and seek the sanctuary of the Settlement Commission after the assessing officer has caught him with his pants down, vide his assessment order. More

EXPORTS & IMPORTS
India slips to fifth spot in pepper suppliers' list
High output cost, poor yield make it `uncompetitive' More