The Hindu Business Line : Tuesday, May 22, 2007

ECONOMY
As China attempts to cool — India now a hot destination for FDI
While China adopts some protectionism to take the heat of its economy, India is opening its door wider to foreign investors. It is time foreign investors took a closer look at India's potential. More

ACCOUNTANCY
`No professional misconduct if CA acquired CFA qualification'
The dispute goes back to the late 1980s when the ICAI initiated action under the MRTP Act against the ICFAI... More

London Mayor calls for opening up accounting, legal services
India, UK opt for sub-group to certify qualified accountants More

FOREIGN TRADE
India, Mexico sign pact for biz co-operation
India and Mexico on Monday signed a bilateral investment promotion and protection agreement (BIPPA) to boost investment flow between the two countries. Finance Minister Mr P. Chidambaram and visiting Mexican Minister of Economy Dr Eduardo Sojo ... More

PETROLEUM
IOC may upgrade, expand Barauni, Mathura refineries
Preliminary study over; feasibility report for board in 6 months More

ONGC strikes gas in Mahanadi for the second time
May award participatory stake in the block to ENI Italy More

IOSL signs pact with Bangalore intl airport
Indian Oil Skytanking Ltd (IOSL) today announced the signing of an agreement with Bangalore International Airport Ltd (BIAL) for offering services to domestic and international airlines for 10 years. The agreement was signed by Mr Albert Brunner, ... More

PHARMACEUTICALS
`India key geography in Asian pharma growth story'
Asia will outdo N. America, Europe in importance: Study More

POWER
Nava Bharat's Orissa plant to have 1,050 MW capacity
Raises stake to 51%; Q4 revenues, net rise More

Green energy: Large players tapping into wind power
IPP model in vogue; Maharashtra the preferred location More

TAXATION
Oil India gets exemption on ST, transportation tariff
Refineries will have to foot the bill for crude oil More

RADIO/TV
TRAI reviewing cable TV tariffs
The Telecom Regulatory Authority of India is reviewing tariffs of cable television services. While tariffs have been fixed for Conditional Access System (CAS) notified areas at a maximum of Rs 5 per channel, for the larger audience outside of ... More

EDUCATION
New guide
CAREER PROGRAMME: The former Karnataka Education Minister, Mr B. Somashekar (third from left), with Ms Sudha Bhogle, Head of Eduquity Career Technologies; Mr M. S. Thimmappa, former Bangalore University Vice-Chancellor; and Mr Syed Jamal, ... More

Education trip
The fortunate few: The children of Binaguri tea estate near Banarhat going to school in Jalpaiguri district of West Bengal. This tea garden is run professionally, making life smooth for workers. Elsewhere, children belonging to the 14 closed tea ... More

REAL ESTATE & CONSTRUCTION
`ECB curbs to check debt flows into realty'
The Union Finance Minister, Mr P. Chidambaram, on Monday said that the recent move to block the use of external commercial borrowing (ECB) for the development of integrated townships was aimed at slowing the external debt flow in the real estate ... More

Realty developers may pass on service tax to tenants
Unwilling to shoulder entire burden of 12.36% More

INDUSTRY ASSOCIATIONS
SICA, SIMA offer help to Karnataka body
Coimbatore-based cotton trade/R&D bodies South India Cotton Association (SICA) and SIMA-Cotton Development and Research Association (SIMA-CDRA) have offered to support the Hubli-based Karnataka Cotton Association in its efforts to improve the ... More

SEA may get EPC status
The Solvent Extractors Association of India, a premier organisation for promoting export of oilseed extractions and oil meals, is likely to be given the status of Export Promotion Council (EPC). SEA's application for ... More

INDUSTRIAL POLICY
AP clears seven mega projects
Integrated steel plant to come up in Kadapa district More

EXPORTS & IMPORTS
Mango exports to Japan seen at 40 tonnes
First consignment of Banganpalli variety flagged off from Tirupati More

Spices export
HIGHER EARNINGS: Spices kept for sale at a shop in Kochi, Kerala. Export of spices from the country fetched a revenue of Rs 3,575.75 crore through shipment of 3,73,750 tonnes during 2006-07 against Rs 2,627.62 crore from 3,50,363 tonnes in ... More

TOURISM
Saastra develops software solution for tourism industry
Saastra, a technology start-up seeking to automate fragmented players in the travel and tourism industry, is set to expand operations overseas in partnership with companies in the UK and Europe. It has developed software as a service (SaaS) ... More

`Responsible tourism' meet postponed to March
It is being positioned as a follow-up to the first such conference held in Cape Town, South Africa in 2002. More