The Hindu Business Line : Friday, November 16, 2007

NRIS
New DRDO bait to lure NRIs, over 500 freshers
If its proposal to Pay Commission is accepted, it could mean a dramatic rise in salaries by 3-4 times based on performance; a six-month sabbatical; higher education; special allowances at difficult terrains among others. More

KVB, BoI in remittance pact
Karur Vysya Bank has entered into an agreement with Bank of India for effecting foreign remittance. As per this agreement, non resident Indians in Singapore would be able to remit sums by way of demand drafts drawn on identified branches of KVB ... More

NON-CONVENTIONAL ENERGY
Bio-fuels centre opened at TN farm varsity
The centre of excellence in bio-fuels set up at Tamil Nadu Agricultural University (TNAU) was inaugurated by the State Agriculture Minister, Mr Veerapandi S. Arumugam.The centre is equipped with a world-class bio-fuel testing lab and ... More

COURTS/LEGAL ISSUES
Storing of sand in violation of Act liable for penalty: HC
Chennai, Nov 15 The Madurai Bench of Madras High Court has held that storing sand unauthorisedly would contravene Section 21(4) of Mines & Minerals (Development & Regulation) Act, 1957 as well as Rule 36-A of Minor Mineral Concession ... More

ECONOMY
‘Overall economic situation still buoyant’
8.5-9% growth is possible, says Rangarajan More

ENVIRONMENT
Greenpeace calls for carbon tax on India’s rich consumers
“The economic divide within India is translating into a widening emission divide.” More

HEALTH
Toxic toy story
Toys sold in Indian markets have been shown to contain high levels of cadmium and lead. Are manufacturers, and consumers, taking stock? More

INFRASTRUCTURE
‘Mangalore SEZ units have good job potential’
Mangalore, Nov. 15 There are good job opportunities in the downstream units at Mangalore SEZ project, according to Mr A.G. Pai, Chief Operating Officer of the Mangalore SEZ Ltd. In an interactive meeting with members of the Kanara ... More

PSU
Award for Mishra Dhatu Nigam
Mishra Dhatu Nigam Ltd (Midhani), an enterprise under the Ministry of Defence Production, has been awarded the IIM Non-Ferrous Best Performance Award, 2007. Instituted by the non-ferrous division of the Indian Institute of Metals, the award was ... More

AAI gets approval for mini-ratna status
The Airports Authority of India would soon be able to take up projects worth Rs 500 crore and set up a joint venture without seeking prior Government approvals. The public sector airport operator would also be able to raise monies at more ... More

PETROLEUM
India, China cannot be blamed for crude price volatility: OPEC
‘There are other factors like the falling dollar, interest rates, geopolitics’ More

‘No time-frame for India to join pipeline project’
Iran hopes India won’t come under US pressure More

Most refining stocks shine
On expectation of retail price rise, refining margins More

POWER
Load shedding in Coimbatore
With shortage in power generation, the Tamil Nadu Electricity Board (TNEB) has started load shedding in the region since Wednesday. The load shedding ranges from one hour to two hours, and depends on the area of power consumption, TNEB sources ... More

TAXATION
Octroi abolished in Gujarat: Civic bodies to suffer Rs 1,800-cr loss
Ahmedabad, Nov. 15 After about 150 years of existence, octroi — a local tax levied on entry of commodities and material in seven key towns and cities of Gujarat — was abolished, which would result in a collective loss of Rs 1,800 ... More

TEXTILES
Chidambaram assures ‘concrete measures’ for textile exporters
Adverse effect of rising rupee and hardening interest rates More

Coimbatore spinning mills seek help
Coimbatore, Nov. 15 India Spinning Millowners Association, a representative body for the region’s textile spinning mills, has petitioned to the Union Finance Minister to bail out the textile mills. The working of most textile ... More

SSI
Satyam launches SaaS model for small, medium businesses
Hyderabad, Nov. 15 In tune with the changing requirements of enterprises, IT solutions provider Satyam Computer has announced a new software as a service (SaaS) delivery approach specifically targeting the small and medium sized businesses ... More

COAL
Lanco, Sterlite, GMR among Orissa coal block allottees
Hyderabad, Nov. 15 The Centre has decided to allocate Rampia and DIP side of Rampia non-coking coal blocks located in Orissa in favour of Lanco Infratech and five other companies, including GMR, Sterlite, Nava Bharat Ventures and Mittal Steel, ... More

Reliance Energy gets 2 coal blocks
More

AIR-CONDITIONERS & REFRIGERATORS
‘Retail, real estate boom will boost AC, refrigeration industry’
Hyderabad, Nov. 15 The boom in the retail, cold chain, entertainment, manufacturing and real estate industry will spur the growth of the Indian heating, ventilation, air-conditioning, cooling and refrigeration (HVAC&R) sectors. For ... More

GEMS & JEWELLERY
Sharp slowdown in Q3 demand for gold
Sept saw price spurt of 7.26% More

Reliance Retail adds jewellery to line of specialty initiatives
May consider branding ornaments at a later stage More

REAL ESTATE & CONSTRUCTION
Hyderabad, Chennai & Bangalore witness high rental growth: Retail survey
More

HDFC property expo
Hyderabad, Nov. 15 To assist home-seekers in their property search, HDFC, the housing finance company, is hosting a three-day property exhibition titled ‘Mana Illu’, that will focus on the emerging areas of Madhapur, Gachibowli ... More

ICICI Prudential launches real-estate securities fund
Mumbai, Nov. 15 ICICI Prudential, an asset management company, has launched ICICI Prudential Real Estate Securities Fund, which is a three-year close-ended debt fund. The new fund offer opened on November 15 and will close on December 14, ... More

REGULATORY BODIES & RULINGS
Draft regulation opens up prospects for city/local natural gas distributors
Companies need to show credible plans for sourcing gas, combined net worth of Rs 50-150 cr More

ENTREPRENEURSHIP
Tourism-in-waiting
Sikkim is a land of perfect getaways, but its tourism potential remains undeveloped. More

EXPORTS & IMPORTS
Imports of edible oil up; non-edible oil down
Centre’s move on palm stearin pays off More