The Hindu Business Line : Friday, August 24, 2007

NON-CONVENTIONAL ENERGY
AP raises wind power tariff
Hyderabad, Aug. 23 Andhra Pradesh has decided to raise the tariff for power produced through wind to Rs 3.10 per unit. The AP Electricity Regulatory Commission (APERC) has allowed tariff up to Rs 3.37 per unit. While the installed ... More

CEMENT
PE players keen to invest in cement cos
Hyderabad, Aug. 23 Domestic and international private equity (PE) players are eyeing the cement industry and are actively exploring investment avenues, according to industry experts.“Keeping in line with the increasing interest in ... More

FOREIGN TRADE
Squeezed out
Creating chaos seems to come easy to Indians. Scribes in the capital anxiously waiting for the joint press conference by the Prime Minister Manmohan Singh and his Japanese counterpart, Shinzo Abe, were first seated by External Affairs officials ... More

Partnering a pact
Negotiating bilateral agreements is definitely a difficult task, but how difficult it can be dawned on the journalists recently. Prior to the Abe visit, a senior Government official confessed at a chamber meet that India and Japan have spent ... More

Business bottlenecks
There is still more on the Japanese Prime Minister’s visit. At one of the sideline functions between Indian and Japanese industrialists, the Indian side listed out the benefits of doing business in India. At least two speakers painted an ... More

India, Asean trade ministers’ meeting deferred
New Delhi, Aug.23 The 39th Asean Economic Ministers (AEM) meeting scheduled on August 26 to discuss the wrapping up of the free trade agreement (FTA) between the 10-member Association of South East Asian Nations and India has been deferred. ... More

HEALTH
Kids below 16 may find it hard to own a mobile
DoT formulating guidelines to protect users against electromagnetic radiation More

INFRASTRUCTURE
Cairn gets nod for pipeline project
More

PMO approves NE rail-link funding
New Delhi, Aug 23 In a move to improve rail and road connectivity to the North East region, the Prime Minister, Dr Manmohan Singh, has approved funding of the Bogibeel rail-cum-road bridge and Rangi-Murkongselek gauge conversion projects at a ... More

PSU
‘Give public sector cos autonomy to decide on staff salary’
More

PETROLEUM
Arguments on sharing of natural gas from KG basin come to close
Mumbai, Aug. 23 The arguments in the case relating to the sharing of natural gas from KG basin between Anil Ambani group led Reliance Natural Resources Ltd and Mukesh Ambani group flagship Reliance Industries Ltd came to a close in the Bombay ... More

News areas may be opened up for coal bed methane exploration
Kolkata, Aug 23 The Directorate-General of Hydrocarbons (DGH) may propose opening up new areas like Rajmahal in Bihar, Talcher and Ib-Valley in Orissa and Singrauli in Madhya Pradesh for CBM exploration in the forthcoming bidding ... More

PHARMACEUTICALS
Patented drugs inflow set to grow, says McKinsey
‘Part of robust overall growth in domestic pharma market’ More

Hyderabad pharma cluster to benefit from German Technical Corporation
The pharmaceutical cluster in Hyderabad is all set to benefit from potential interventions from GTZ (German Technical Corporation). Assistance in the form of access to technical, financial, marketing and training could be extended to ... More

POWER
CCEA nod for setting up new uranium mine, plant
New Delhi, Aug. 23 The setting up of a new uranium mine and processing plant at the cost of Rs 1,106.29 crore was approved by the Government today. The uranium project is to come up at Tummalapalle in Cuddapah district, Andhra Pradesh. The ... More

REC files draft red herring prospectus
New Delhi, Aug. 23 State-owned power sector lending institution Rural Electrification Corporation (REC) has filed a draft red herring prospectus (DRHP) with market regulator SEBI for its initial public offering (IPO), through which it expects ... More

TAXATION
Abatement rate hiked for service tax on packaged tours
Finance Ministry issues notification More

Move to consolidate all service tax circulars issued since 1994
Govt issues 2 master circulars; earlier ones stand superseded More

RADIO/TV

Clarification

CONSULTING
Govt plans to appoint consultant for MRO operations
Post Air India-Indian merger More

REAL ESTATE & CONSTRUCTION
Electro unveils leisure home project
Chennai, Aug. 23 Electro Constructions, a part of the Chennai-based Electro Group, has launched a leisure home community project, Little India.According to a press release from Electro Constructions, the project coming up on 15 acre ... More

SCIENCE & TECHNOLOGY
‘Bio-, nanotech, critical areas for India’s growth’
Studies at the intersections of engineering, physical sciences, life sciences, medicine and public health are very rare. More

Lockheed Martin prods 3 tech tie-ups
Bangalore, Aug. 23 Aerospace major Lockheed Martin has said its entrepreneur promotion programme has resulted in three Indian enterprises striking commercial partnerships.Its two-year India Innovation Growth Programme picks Indian ... More

PACKAGING
Ess Dee to launch slew of new products
Packaging innovations to tackle spurious drug trade More

SOCIAL WELFARE
Convicts in AP can opt for community service
Hyderabad, Aug. 23 Convicts in Andhra Pradesh will soon have an option – to serve a drab, punitive and secluded jail term, or community service a few hours a day, while staying with their families.In vogue in some Western ... More

OVERSEAS INVESTMENTS
China ‘ideal location’ for Indian firms
The Jiaxing Economic and Technological Development Zone (JXEDZ), China will be an ideal location for investment by Indian manufacturing and software enterprises, according to Mr Wu Yunda, Director, JXEDZ, China.“We look forward to ... More

EVENTS
Spices Board for global fairs
The Union Commerce Ministry has given in principle clearance for the Spices Board to participate in 13 international fairs in this fiscal. Accordingly, the Board will participate this week in the Food and Hotel Malaysia 2007 fair to be held in ... More

INCOME TAX
New I-T Chief Commissioner
Mr S. Lahiri is the new Chief Commissioner of Income-Tax, Hyderabad I. A 1972 batch Indian Revenue Service officer, he took charge from Mr D.V. Dharmik, who has been transferred to Nagpur. – Our ... More

EXPORTS & IMPORTS
‘Curbs on open interest positions hitting pepper exports’
Kochi, Aug. 23 Restrictions imposed by the Forward Markets Commission on open interest positions for members of futures exchanges and their clients for nearby pepper contracts have adversely affected pepper exports, besides giving wrong signal ... More

STC issues new wheat import tender
Seeks ‘maximum quantity’ on port-wise basis in bulk, containers More

ECONOMIC OFFENCES
IT dept recovers Rs 5-cr cash
The investigation wing of the Income Tax department on Wednesday recovered Rs 4.92 crore cash in a search conducted on persons/concerns engaged in mobilising deposits for investment schemes and auto finance at Thane in Maharashtra.An ... More