The Hindu Business Line : Tuesday, June 12, 2007

EMPLOYMENT
AP Govt committed to creating 2 lakh jobs: CM
The Chief Minister, Dr Y.S. Rajasekhara Reddy, has reiterated the State's commitment to create two lakh jobs within two years and has directed the Finance Department to clear various incentives and concessions as per the industrial investment ... More

NRIS
Indian Bank hikes FCNR (B), NRE rates
Indian Bank has hiked interest rates offered on non-resident Indian (NRI) deposits with effect from June 1. For foreign currency non-resident (B) deposits in US dollar, the revised interest rate has been pegged at 4.64 per cent ... More

COURTS/LEGAL ISSUES
HC adjourns Nandigram case till tomorrow
A Division Bench of the Calcutta High Court comprising Chief Justice Mr S.S. Nijjar and Justice Mr D.P. Sengupta today adjourned the Nandigram case till June 13. Some of the matters relating to Nandigram affairs today came up for hearing, but ... More

ECONOMY
Core sector growth marginal in April
Slowdown in coal, cement, finished steel More

FOREIGN TRADE
Greek flavour wafts over Asia, India
Gastronomic delights on offer to promote food and wine More

India, Russia sign pact for joint task force
In line with the recommendation of the Joint Study Group (JSG) for reaching a bilateral trade volume of $10 billion by 2010 and exploring the feasibility of wrapping up a Comprehensive Economic Cooperation Agreement (CECA), India and Russia ... More

HEALTH
Bajaj Allianz launches new health, life cover
Bajaj Allianz Life has launched a product called `Bajaj Allianz Care First' which provides health as well as life cover. This plan provides a common sum assured which can be utilised in case of hospitalisation cover for treatment as well as a ... More

PETROLEUM
Petrol, diesel retail price to be reviewed in mid-July
Retail prices of petrol and diesel are likely to be reviewed by the Government in the middle of next month. A senior Petroleum Ministry official said that the situation would be reviewed once the international price trend of crude for the first ... More

POWER
Promoting CFL: States switch off incandescent bulbs
ENERGY CONSERVATION More

TAXATION
Ministry to issue 2 master circulars on service tax
The Finance Ministry is expected to come out soon with draft version of two master circulars on service tax, which when finally issued would consolidate all existing service tax circulars issued by the Government since 1994. "We will soon issue ... More

RADIO/TV
Fashion TV enhancing portfolio
Paris-based fashion television channel Fashion TV is looking to enhance its portfolio by exploring options in the lifestyle and fashion space. Plans include setting up spas, cafés and bars across the country, said Mr Bharath ... More

EDUCATION
SMOT announces new PG course
Business school SMOT has announced the launch of its first pan-India postgraduate programme in management. The course will be conducted at its corporate campus in Chennai as a four semester, 16-month programme from September. The ... More

Move for international film institute in Hyderabad
`Entertainment industry in Southern States to benefit' More

REAL ESTATE & CONSTRUCTION
Building rules for all panchayats in Kerala
The Kerala Government has extended the Municipal Building Rules to all its panchayats. Earlier, the rules were applicable to the corporations, municipalities and 184 panchayats in the State. As per the notification issued now, ... More

Lanco Horizon mulls Chennai township
Lanco Horizon Properties, a venture of the Hyderabad-based Lanco Group, has entered into a joint development agreement for a Rs 600-crore integrated township project in Chennai. The project will come up on 47.58 acres located near SIPCOT ... More

Realty stocks climb betting on DLF issue
May become top listed real-estate stock by market cap More

LEATHER
Leather industry seeks 75% grant from Centre
For installing zero liquid discharge system More

INDUSTRY ASSOCIATIONS
Housing sector growth hits trough as investors shy away
7-10% price correction seen six months down the line More

CII innovation meet on June 15
The third edition of the Confederation of Indian Industry's (CII) India Innovation Summit will be held here on June 15 and 16. The summit will see a new format with the theme sessions to be followed by in-depth breakout sessions ... More

ENTREPRENEURSHIP
`Entrepreneurship is no longer confined to family-run businesses'
Describing the Essar Group he chairs as "serial entrepreneurs", Mr Shashi Ruia has predicted that the coming years would see the rise of new entrepreneurs unlike the family-inherited businesses of the past. "There has not been a better time in ... More

EXPORTS & IMPORTS
`On a structural basis, rupee may keep appreciating against dollar'
The rising rupee should help reduce imported inflation, particularly that of necessities such as crude oil. More

The nature of the export boom
The recent growth of merchandise exports has been hailed as a sign that the Indian economy is moving beyond relying on success on software services to greater competitiveness in merchandise trade. In this edition of Macroscan, C. P. Chandra sekhar and Jayati Ghosh analyse the recent pattern of export growth. More

J&K export turnover at Rs 1,500 cr
Jammu and Kashmir is expected to achieve an export turnover of Rs 1,500 crore for handicrafts, sports and leather goods in the current fiscal compared to Rs 1,150 crore in 2006-07, according to industry chamber Assocham. With ... More

Rise in rupee hits coir exports
The Coir Board has sought urgent remedial measures from the RBI for the industry, which has been hit by the steep rise in the value of rupee against the dollar, especially during the last two months. Mr A.C. Jose, Chairman, has submitted a ... More

NATURAL CALAMITIES
Disaster management projects
The Kerala Government will take up various disaster management projects in the State with the assistance of the Centre. The Revenue Minister, Mr K.P. Rajendran, and the Chairman of the National Disaster Management Authority, Mr N.C. Vij, held ... More