The Hindu Business Line : Saturday, June 02, 2007

EMPLOYMENT
Unemployment is growing: Bardhan
Unemployment is growing even as the economy grows at 9 per cent plus and employment in organised sector is coming down, said Mr A. B. Bardhan, General Secretary, the Communist Party of India. He was speaking on `Some trends in socio-economic ... More

NRIS
Karnataka Bank hikes NRE rates
Karnataka Bank Ltd has increased interest rates on its NRE and FCNR(B) deposit schemes with effect from June 1. A bank release said here on Friday that the interest rate on NRE deposits has been increased to 5.39 per cent (5.30 per cent) for ... More

NON-CONVENTIONAL ENERGY
Brazil — the emerging bio-fuel power
The pioneer in the use of ethanol as an alternative fuel, Brazil could soon become a bio-fuel power with its ability to grow a variety of vegetables and oilseeds on large tracts of arid land unsuitable for other crops. India, which relies much on imp orted crude oil, has much to learn from the Brazilian success story and the way it was achieved, through public-private partnership, says R. VISWANATHAN. More

AUTOMOBILES
Maruti car sales rise 11.2% in May
Maruti Udyog Ltd (MUL) on Friday reported a 11.2 per cent increase in its sales during May. The company sold 55,952 units in the domestic market, a 9.91 per cent increase as compared to 50,904 units in the corresponding period last year. The ... More

ECONOMY
Exports grow 23.6% in April, imports 40.69%
Trade deficit shoots up to $7.06 b in the month More

Retail, media, FMCG score highest in labour index
South better organised than the country average: Study More

FOREIGN TRADE
One month on, Nathula border trade disappointing
Chinese delegation to inspect situation on June 4 More

HOTELS
Hotel chains zeroing in on Kolkata to set up shop
Majority of them proposed in the eastern fringes More

PSU
Minister reviews Hind Paper working
Expresses satisfaction at the progress made towards modernisation, technical upgradation More

PETROLEUM
ATF prices down, but airlines not cutting fuel surcharge
`The price of fuel has been fluctuating for the past few months. While fuel prices rose by about 1.2 per cent in May, they have fallen by about the same amount this month. So, how does any one pass on the benefit to the passenger,' an airline executi ve argued More

POWER
AP revises power procurement plan
Rs 2,832-cr additional investment to meet demand More

`Mini-hydel projects key to solving N-E power problems'
Plans to develop infrastructure in the region More

Petronet losing $70,000 a day on gas pipeline delay
High inventory cost as it has engaged a ship to store LNG More

TAXATION
Corporate tea sellers not eligible for cut in VAT in TN
Corporate sellers of tea are disappointed that the last week's reduction of the value added tax (VAT) is not applicable for the produce they sell. The Tamil Nadu Chief Minister, Mr M. Karunanidhi, announced on May 23 that VAT on the teas sold ... More

WATER
Natural mineral water vs packaged drinking water
The Bureau of Indian Standards recognises two varieties of branded drinking water - natural mineral water and packaged drinking water. Natural mineral water is water from underground source that is packaged close to the source and meets the ... More

COAL
Railways' loading of coal, iron ore badly hit
Situation in Orissa, AP and Chhattisgarh causing concern More

RADIO/TV
Radio `Meow' for women audiences
Meow 104.8 FM, a radio channel dedicated to women, has been launched by Radio Today. The talk format-radio station operates in the sense that there's an audience out there, amidst all music lovers, which prefers to be heard. The station, ... More

EDUCATION
NIIT Imperia takes synchronous learning platform to IIMs
Tie-up with schools, colleges, corporates likely More

Mathematicians' meet
The 22nd annual conference of Ramanujan Mathematical Society will be held at the National Institute of Technology Karnataka (NITK) from June 6 to 8. A press release by the institute said here that experts from various fields of ... More

ICICI career fair
To provide information about its Post Graduate Programme in Management and Insurance (PGPMI), ICICI Prudential Life Insurance will be organising a career-cum-job fair at TMI First, Career Centre, PG Road, Secunderabad here on ... More

BEVERAGES
Functional beverages surge on health-platform
They may be rolled-out in the Indian market soon More

MEDICAL INSTITUTIONS & HOSPITALS
Space Hospitals expands healthcare networking
Space Hospitals, facilitator of telemedicine and consultancy services, has expanded its footprint to hospitals across the country. Addressing a press conference organised to mark the company's pilot project for ONGC, Mr A. Venkatramani, ... More

REAL ESTATE & CONSTRUCTION
Real estate boom in Asia will not last forever: IMF official
The surge in real estate prices in Asia may not continue in the long run. The real estate demand in the continent has been spurred by a booming global economy, low interest rates, and the development of mortgage financing and this boom will not ... More

DLF to invest Rs 5,000 cr in AP over 5 yrs
Real estate development major DLF Ltd has lined up Rs 5,000 crore to be invested in various ventures in Andhra Pradesh over the next five years. "As part of our expansion into the southern region, DLF will invest heavily in Hyderabad and other ... More

KNITWEAR & HOSIERY
Tirupur knitwear exporters seek quick relief
A delegation representing knitwear exporters from Tirupur which recently called on Dr C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister, to highlight the adverse impact caused by the appreciating rupee on their ... More

CINEMA
UTV, Priyanka Chopra sign deal
UTV Motion Pictures has announced a three-film deal with Bollywood actress Priyanka Chopra. This non-exclusive deal under the UTV banner will be for four years. A key aspect of the partnership will be her active involvement in ... More

HUMAN RESOURCES
`Let market forces decide salaries'
Close on the heels of the Prime Minister expressing concern over high salaries paid by corporates to its CEOs, members of industry chamber Assocham have called for absolute non-intervention of policy makers on the issue. At the ... More

EXPORTS & IMPORTS
Cement import norms eased
The condition that the imports must be on a continuous basis has also been scrapped. More

Disease-free rootstock of shrimps developed
Part of marine export body efforts to boost shipments More

Move to scrap wheat tender raises uneasy questions
There is absolutely no reason for anyone in the Government or in the State trading agency to feel smug about cancellation of the 10 lakh tonnes wheat tender. No doubt, the country has saved a tidy sum by not agreeing to import high priced wheat. ... More