The Hindu Business Line : Saturday, June 28, 2008

NON-CONVENTIONAL ENERGY
PM pushes for ‘green’ energy tags
New Delhi, June 27 Amid spiralling crude oil prices, the Prime Minister, Dr Manmohan Singh, on Friday asked the Ministry of New and Renewable Energy to draft schemes and guidelines for the introduction of ‘Renewable Energy ... More

ECONOMY
Heavy selling pulls stocks down
Sensex slides 620 points; negative global signals keep sentiment weak More

Housing finance cos feel the inflation heat
Fears of further monetary tightening lead selling More

Markets this week
Continuing its losing streak from where it left off, on Monday too the Sensex fell by 150 points from the previous close of 14,570. The record double digit inflation body blow, the somewhat unproductive Jeddah meet on oil, the continuing ... More

PETROLEUM
Crude oil production up 3.2% in May
New Delhi, June 27 Better performance by public sector ONGC has propelled 3.2 per cent rise in the domestic crude oil production in May compared with the same month last year, while the refinery output remained flat. The crude oil ... More

Income tax holiday only for commercial production of crude oil
New Delhi, June 27 With the submission date for bids under the latest oil and gas exploration licensing round closing on June 30, the Petroleum Ministry on Friday clarified that as advised by the Ministry of Finance, the Income Tax holiday ... More

Will windfall profits tax ease the oil price burden?
More

Airline stocks fall under fears of another hike in ATF prices
Mumbai, June 27 Stock prices of airline companies fell on Friday amidst fears of the latest hike in oil prices likely to impact cost of aviation turbine fuel or ATF, yet again. The stocks of three listed companies Jet Airways, Spicejet and ... More

TN petrol dealers to restrict working hours
Madurai, June 27 Petroleum dealers in the State have resolved to restrict the working hours in their outlets.The decision was taken at an executive committee meeting of Tamil Nadu Petroleum Dealers Association, held in the city on ... More

PHARMACEUTICALS
New regulatory body for recombinant pharma products
Live vaccines, gene therapy products to be out of DCGI lens More

POWER
Delay in ancillary projects may derail power capacity targets
Limited equipment vendors, lacklustre response cited as hurdles More

Power Exchange sets fee structure
Mumbai, June 27 Power Exchange India Ltd (PXI), a joint venture of the National Stock Exchange and National Commodity and Derivatives Exchange has announced fee structure for trading members.The trading-cum-clearing members have to pay ... More

SSI
ICAI to focus on small, medium practice units
Diamond jubilee celebrations to kick-off on July 1 More

EDUCATION
IGNOU in pact with Ahmedabad institute
Ahmedabad, June 27 The Indira Gandhi National Open University signed a memorandum of understanding with Ahmedabad Management Association to provide an MBA degree to the erstwhile Post-Graduate Diploma in International Business. The course has ... More

P-G management programme
Backed by a strong demand for courses in finance, the Lal Bahadur Shastri Institute of Management, Delhi has introduced a Post-Graduate Programme in Management Finance. It aims to provide rigorous treatment to theories of corporate finance, ... More

‘Education trusts can invest abroad’
The Reserve Bank of India has further liberalised the policy on overseas investments by allowing registered trusts and societies engaged in manufacturing and those working in the field of education to invest abroad. A note issued by the RBI today ... More

FOODS & FOOD PROCESSING
Meet on food processing
More

GEMS & JEWELLERY
4-day jewellery expo in Chennai
Zak Jewels 2008, a four-day jewellery expo organised by Zak Trade Fairs & Exhibitions, was inaugurated at Chennai Trade Centre on Friday. The B2C (business to consumers) fair has close to 40 participants from Mumbai, Delhi, Jaipur, Kolkata, ... More

REAL ESTATE & CONSTRUCTION
Demand for cement seen softening
Mumbai, June 27 The hike in Cash Reserve Ratio and Repo Rate is likely to have a cascading effect on the cement industry, which is reeling under high input cost and Government measures keeping retail prices under check. An expected ... More

SSPDL to set up gated community in Hyderabad
Hyderabad, June 27 Srinivasa Shipping & Property Development Ltd (SSPDL) and Indiareit Fund Advisors Pvt Ltd are developing a gated residential villa community ‘SSPDL Northwoods’ near Hyderabad at a total estimated project ... More

INDUSTRY ASSOCIATIONS
Power reforms, infrastructure top CII southern region agenda
10-point agenda for development of South More

SCIENCE & TECHNOLOGY
National Aerospace reels under talent crunch
More

PHOTOGRAPHIC & ALLIED PRODUCTS
Visage bullish on digital image business
‘Buoyancy in infrastructure, retail, media domains will spur growth’ More

GENDER
Women are ‘biologically wired to succeed’
More

Women business leaders’ forum
CII Karnataka today announced the launch of its Women Business Leaders Forum (WBLF). The forum was formally launched by Mr P.M. Narendra Swamy, State Minister for Women & Child Development. Ms Sudha Raju, Principal Officer Corporate ... More

EVENTS
‘Aeronautics sector needs sops’
The country’s aeronautics sector urgently needs a policy direction and incentives similar to the semiconductor industry’s package if it has to arrive on the world civil aircraft map. It should not miss the big global aviation ... More

Centre to spend Rs 1,346 cr on Dandi Heritage Route
Ahmedabad, June 27 The Union Government will spend a total of Rs1,346 crore on the construction of the 385-km-long Dandi Heritage Route between Ahmedabad and Dandi in Surat district where Mahatma Gandhi had defied the British Salt Law after a ... More

INCOME TAX
Exemptions versus deductions
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EXPORTS & IMPORTS
Drawback payment procedure simplified
New Delhi, June 27 In keeping with its ongoing efforts to reduce transaction costs for exporters, the Government proposes to allow exporters’ to receive their drawback payments in any of their core banking enabled bank account in any ... More