The Hindu Business Line : Thursday, July 10, 2008

INDUSTRY & ECONOMY

EVENTS: Major economies agree cuts in global emissions necessary
Our views not fully incorporated in the declaration: PM. Sapporo, July 9 Leaders of 16 of the world’s major economies meeting at the venue of the G-8 summit at Toyako in northern Japan found enough common language to take forward their ...

INDUSTRY ASSOCIATIONS: Software, services revenue to grow at 21-24% to $62 b
Nasscom pegs target a tad lower due to slowdown. New Delhi, July 9 India’s software and services revenue is poised to grow between 21 and 24 per cent during 2008-09 to touch $62-64 billion. The growth rate projections for FY09 are a tad ...

MINERALS: Iron ore traffic in East Coast railway line suspended again
Section of the line in Chhattisgarh blown up. The iron ore movement along the 450-km long Kirandul-Kottavalasa line (K-K line) under the East Coast Railway (ECoR) remained suspended again from the early hours of Tuesday as a section of the ...

HUMAN RESOURCES: Is your company a ‘brand of choice’?
Employers need to position themselves attractively to employees in these days of attrition. Of course, reality has to stand up to the promise.. One of the downsides of a booming Indian economy (current inflation notwithstanding) is the ...

EDUCATION: PSBs’ education loan sanctions at Rs 20,000 cr
Stone laid for Indian Bank’s corporate office in Chennai. Chennai, July 9 The foundation stone for Indian Bank’s Rs 67-crore corporate office was, on Wednesday, laid by the Union Finance Minister, Mr P. Chidambaram. ...

NON-CONVENTIONAL ENERGY: STC plans to acquire land in Surinam, Indonesia
Looking at 50,000 hectares for growing jatropha. Bangalore, July 9 To tap the potential of jatropha bio-fuel for expanding product portfolio, STC plans to acquire vast tracts of land in Surinam and Indonesia to grow the plant and market the ...

EVENTS: IBR Institute to organise meet
The IBR Institute of International Business Relations (India) will be organising an executive summit on ‘Sustaining competitive advantages on a global market place – Inspirations’ here on July 12, according to a release. The ...

EXPORTS & IMPORTS: Centre scraps import duty on raw cotton
1% drawback benefit on cotton export withdrawn. New Delhi, July 9 Bowing to the demands of the domestic spinning industry, the Centre has scrapped basic customs duty as well as special additional duty of customs (SAD) on raw cotton imports ...

EXPORTS & IMPORTS: Price realisation of tea up on demand
Exports show improvement; production hit in May. Chennai, June 9 Re-emergence of demand for tea from merchant exporters and fall in production have led to a Rs 10 a kg increase in price realisation during May this year compared with last year. ...

PERSONAL PRODUCTS: … even as FMCG firms plan one more round of hikes
Chennai, July 9 It was inevitable. Consumer goods firms, which had a round of price hikes for their brands just a couple of months ago, are set to hike prices all around, if they haven’t already. ...

TEXTILES: Centre concedes two major demands of spinning mills
Coimbatore, July 9 Close to 4,500 small, medium and large spinning mills across the country downed their shutters today to press their demands including a ban on export of cotton till the end of the year and regulating the trading in cotton by ...

TEXTILES: ‘Textile exports likely to gain 20%’
Mumbai, July 9 With the rupee losing value against the dollar, textiles and apparel exports are likely to gain 20 per cent in the financial year, said Dr J.N. Singh, Textile Commissioner and Joint Secretary for Ministry of Textiles. ...

ECONOMY: Infrastructure growth falls to 3.5% in May
Poor growth rate in electricity generation coupled with petroleum refinery products output becoming almost stagnant, the overall index for six infrastructure industries grew by 3.5 per cent in May 2008 as against 7.8 per cent in May last year. ...

ECONOMY: ‘Growth process must be balanced’
Tiruchi, July 9 The process of growth must be balanced and rational leading to the economic and social development of the poor, the senior BJP leader and former Minister for Human Resource Development, Mr Murali Manohar Joshi, has ...

TOURISM: Tourism Malaysia’s weekend packages for software cos
Bangalore, July 9 Tourism Malaysia plans to tap Indian software companies like Wipro to sell its weekend tourism packages. The Malaysian Tourism Promotion Board Director, Mr Manoharan, told newspersons on Wednesday that it was in talks with ...

EVENTS: Manmohan, Bush talk of progress made in ties
Discuss major topics, including nuclear cooperation. Sapporo, July 9 “It was a typical conversation among friends,” was how the US President, Mr George Bush, described his meeting with the Prime Minister, Dr Manmohan Singh, that ...

EXCISE AND CUSTOMS: Cotton prices likely to fall on zero import duty
Chennai, July 9 Cotton prices in the domestic market are set to decline with the Union Government scrapping the 14 per cent duty on import of cotton yielding to the long-time demand from the textile ...

PLASTICS: Anti-dumping probe on Chinese plastic initiated
New Delhi, July 9 The Designated Authority in the Commerce Ministry has initiated an anti-dumping investigation on imported plastic-processing machinery from China as the subject goods are allegedly dumped into the domestic market, resulting ...

FOREIGN TRADE: ‘Explore investment opportunities in W Australia’
Chennai, July 9 Indian infrastructure companies could explore investment opportunities in Western Australia and help build a competitive infrastructure market, according to Mr Eric Ripper, Deputy Premier, Treasurer and Minister for State ...

SSI: BoB to leverage customer base for growth
Mangalore, July 9 Bank of Baroda, which has a customer base of around 30 million, is planning to make better use of the numbers for its growth. Using this base, the bank is planning to grow by more than 25 per cent each in SME (small and ...

MANAGEMENT: ‘Understanding team mates vital in business’
Hyderabad, July 9 Understanding the team players is critical for a leader and business and sports are similar in this regard, according to Dr Richard Charlesworth, international hockey player and coach. Addressing the students at the Indian ...

HEALTH: Eye tests for school kids
The Lions Club International Foundation has launched ‘sight for kids’ programme here. About 42 Government Schools were selected for conducting eye examination for the students. Apart from eye screening programme by the experts, some ...