INDUSTRY & ECONOMY
NRIS
SBT hikes NRE term deposit rates
State Bank of Travancore (SBT) has revised the interest rates for FCNR and NRE term deposits with effect from July 1. As per the revision, the interest rates for NRE deposits will be 5.43 per cent (existing 5.39 per cent) per annum for a period ...
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HOTELS
Hotel cos ride high on room rates, higher occupancy
Expansion plans reflect growth in profitability
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INFRASTRUCTURE
Videocon Group to offer upfront employment to Bengal farmers
No hurry to buy land, says Chairman
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PSU
HAL inducts 400 trainees
Four hundred new management and design trainees (MTs and DTs) joined Hindustan Aeronautics Ltd on Saturday. This is the 34th batch of trainees to join HAL, and the candidates were selected from among 25,000 aspirants, a release said. Mr Sanjeev ...
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POWER
IL&FS plans 4,000 MW power project in TN
Chennai, June 30 Infrastructure Leasing and Financial Services Ltd (IL&FS), one of the country’s larger infrastructure developers, plans to put up a 4,000 MW coal-based power plant in Tamil Nadu. The project would most probably come ...
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REAL ESTATE & CONSTRUCTION
REITs — poised to gain ground
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Arriving at the ‘sum insured’
Everybody who owns property or runs a business has, at some point, felt the need to know how to arrive at the correct ‘sum insured’ for a property. This is an oft repeated question at most seminars and meetings.If you insure ...
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NEWSPAPERS & PUBLISHING
UK publishing house setting up base in India
New Delhi, June 30 The UK-based Parragon Publishing is setting up a publishing base in Delhi, its first in India, to source content, illustrations and designs for its international business.The company operates in 35 markets worldwide. ...
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EVENTS
SEZs not a land-grab game, says Dhoot
Special economic zones (SEZs) are not a land-grabbing game, as the cost of land in any industrial project is only 10 per cent, and bulk of the expenditure is incurred on plant towards machinery and human capital. Speaking at the ...
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EXPORTS & IMPORTS
What drives corporate hedging policy?
The analysis in the above article indicates that steady growth in business volumes and a policy of systematically hedging operating foreign exchange exposures have lowered earnings volatility for the IT sector. The stock market seems to have ...
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PIRACY
Assocham for courts to check fake item sale
New Delhi, June 30 To curtail the sale of counterfeit products, industry chamber Assocham has urged setting up of Economic Offence Courts across the country to pronounce punishment to offenders selling fake products. The industry is ...
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ECONOMIC OFFENCES
Govt releases SPFO lost amount
The Government has released the entire amount of Rs 92.78 crore lost from Seamen’s Provident Fund Organisation (SPFO), Mumbai, keeping in mind the interests of the organisation’s employees. In May 2002, the amount was lost on account ...
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