The Hindu Business Line : Saturday, September 01, 2007

AUTOMOBILES
Satyam sets up R&D centre for auto sector
Chennai, Aug. 31 Satyam Computer Services Ltd has set up a Centre of Excellence here to undertake research and development for the automotive sector.The centre will provide research support services (all in digital forms) in the areas ... More

ECONOMY
Forex kitty bigger by $2.4 billion
Mumbai, Aug. 31 After two weeks of consecutive fall in reserves, the forex kitty went up by $2.404 billion to $228.849 billion for the week ended August 24. Market participants attributed it to the revaluation of currency assets particularly ... More

Chidambaram confident of 9% growth this year
Buoyed by the 9.3 per cent growth in gross domestic product (GDP) in the first quarter and inflation falling below four per cent, the Union Finance Minister, Mr P. Chidambaram, on Friday expressed confidence over the economy expanding by close ... More

Economy on a roll; GDP up 9.3% in Q1
Two important economic data made public on Friday show that the country’s economy continues to be in fine fettle. The Central Statistical Organisation (CSO) puts the estimated gross domestic product (GDP) growth in the first quarter of ... More

Karnataka borrowings from FIs up at Rs 22,613 cr
‘Rising spread turns away States from open market loans’ More

Remembering the financial earthquake
When the devaluation in Thailand took place in July 1997, following the floatation of the baht, no one imagined it would transform into the epicentre of a financial earthquake, affecting not just the region but even countries as far-flung as Russia, Brazil and Argentina, say D. SAMBANDHAN and S. S. TABRAZ More

Credit plan for Tuticorin district
Madurai, Aug. 31 The Annual Credit Plan for Tuticorin district envisages a credit flow of Rs 1,481.99 crore for the year 2007-08, registering an increase of 16.9 per cent over the previous year. While the agricultural sector has been ... More

ENGINEERING
EEPC to focus on outsourcing
The Engineering Export Promotion Council (EEPC) will focus on engineering process outsourcing (EPO) to tap the emerging market, according to Mr Rakesh Shah, Chairman EEPC. “Indian engineering industry can have a niche in EPO in the days to ... More

FOREIGN TRADE
Swedish Minister coming today
New Delhi, Aug 31 The Swedish Minister for Trade, Mr Sten Tolgfors, will begin his official tour of India on Saturday. He will be accompanied by a high-level delegation representing the Swedish construction industry.He will inaugurate ... More

India hopeful of improved trade ties with Thailand
New Delhi, Aug. 31 India today expressed the hope that its trade relations with Thailand would vastly increase in the light of the free trade agreement (FTA) negotiations that are currently under way covering trade in goods, services and ... More

HEALTH
Finnish firm plans foray into medical textiles
Ahlstrom’s non-woven fabrics provide protection against diseases in operating theatres More

PETROLEUM
Petronet in talks with 3 bidders for Kochi LNG terminal
Winner will be awarded the contract on September 30 More

India among 16 nations that logged reduction in gas flaring: Study
New Delhi, Aug 31 India is among the 16 countries that logged decreased gas flaring from 1995 to 2006, reflecting such gas flaring reduction a significant contribution to energy security, climate change mitigation and the transition to a ... More

Mine methane recovery: Fourteen companies express interest
Kolkata, Aug. 31 A total of 14 companies, including six from abroad, have expressed interest in recovery of methane from existing and abandoned mines under Coal India Ltd. According to sources, among the prominent names in the fray are: ... More

Oil cos to cut aviation fuel prices
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City gas distribution: ‘Regulatory uncertainties need to be sorted out’
Chennai, Aug 31 What can speed up investments in city gas distribution (CGD)? A fast-track removal of the many regulatory uncertainties, says a recent survey conducted by Crisil.“The new regulations must facilitate the entry of ... More

POWER
Load shedding likely in Kerala
Demand may exceed supply in summer More

Sikkim’s Teesta hydel project almost ready
Scheduled to be commissioned in December More

TEXTILES
Kamal Nath stresses need for home grown textile brand
New Delhi, Aug 31 The Commerce and Industry Minister, Mr Kamal Nath today stressed the need for home grown brand to face the challenges in the international textile market. While inaugurating the two-day Tex Summit 2007 in the Capital, ... More

WATER
Rlys to spend Rs 11 cr on water recycling plants
New Delhi, Aug 31 The Railways plans to spend almost Rs 11 crore set up water recycling plants at several locations including New Delhi, Bangalore, Jabalpur and Katni. Replying to a question in Lok Sabha here, the Minister of State for ... More

RADIO/TV
Ministry fiat to FM operators
New Delhi, Aug. 31 The Ministry of Information & Broadcasting has taken a serious note of private FM radio operators airing news and current affairs. According to an official release, “It has come to the notice of the Ministry that ... More

EDUCATION
‘Make best use of mind energy’
Vijayawada, Aug. 31 Noted psychiatrist Mr R.K. Ayodhya has said that “not utilising your mind energy to the optimum is like not utilising crores of rupees stashed away in a bank account. It is of no use if you possess something but do ... More

VETA training academy in Pune
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INDUSTRY ASSOCIATIONS
Pune chapter of Jain trade body
The Pune Chapter of Jain International Trade Organisation (JITO) will be inaugurated on September 2, by Mr Suresh Jain and Mr Gajendra Patni of Patni Computers. It is a global organisation of Jain businessmen, industrialists and professionals. ... More

SCIENCE & TECHNOLOGY
INSAT-4CR launch tomorrow
More

MINERALS
No plan for sharing Chiria resources: Govt
New Delhi, Aug. 31 The Government has said that it is not considering any proposal for a possible alliance between Steel Authority of India Ltd (SAIL) and Mittal Steel, the world’s largest steel maker, for sharing of Chiria ... More

FOREIGN DIRECT INVESTMENT
FDI policy in two weeks: Kamal Nath
New Delhi, Aug. 31 The Government is streamlining foreign direct investment guidelines and will be ready with the policy in two weeks, said the Commerce and Industry Minister, Mr Kamal Nath. While speaking on the sidelines of the ... More

EVENTS
India cannot afford to miss the nuclear bus, says PM
Tarapur Atomic Power Station units 3 and 4 dedicated to nation More

EXPORTS & IMPORTS
‘Follow success of pineapple exports for other fruits’
Kolkata, Aug. 31 The key challenge in agriculture processing and exports for Bengal lies in its ability to replicate the State’s success in export of pineapples through Agricultural Export Zones (AEZs) for other fruits and vegetables, ... More