The Hindu Business Line : Thursday, July 17, 2008

INDUSTRY & ECONOMY

BIO-TECH & GENETICS: Biotech sector revenues cross Rs 10,000 cr
Strong rupee, price pressures in global markets bring down growth. The domestic biotech industry has grown further to post revenues of Rs 10,273 crore ($2.56 billion) in fiscal ...

POWER: ‘Power bourse will help bridge demand-supply gap’
Shinde launches Indian Energy Exchange. New Delhi, July 16 With volumes picking up on the country’s first power bourse, the Power Minister, Mr Sushilkumar Shinde, said the electricity trading platform would help bridge the overall ...

MINING & QUARRYING: Why PE has taken little interest in the Indian mining sector
The mining sector is experiencing tremendous demand, and prices of raw material are at an all-time high. Naturally, mining projects, both domestic and abroad, have become more viable than ever before, according to experts. ...

POWER: Cogeneration units demand hike in power tariff; seek exit options in PPAs
Chennai, July 16 Representatives from the renewable energy sector in Tamil Nadu wanted the electricity regulator to fix a tariff that stimulates investment in the sector, especially in the case of the nascent solar energy, and a higher tariff ...

REAL ESTATE & CONSTRUCTION: New interpretations on construction contracts
Recently, the International Accounting Standards Board (IASB) issued two IFRIC (International Financial Reporting Interpretations Committee) interpretations that seek to clarify accounting treatments for two critical areas of accounting — ...

STEEL: Govt not to interfere in steel pricing: Paswan
New Delhi, July 16 The Government on Wednesday indicated that it may not interfere and influence steel prices if the producers effect price changes in August after their self-imposed moratorium to hold prices for three months up to July ...

NEWSPAPERS & PUBLISHING: Pressmart, US magazine tie-up
Pressmart Media Ltd and Editor & Publisher magazine ( www.editorandpublisher.com) on Wednesday signed an agreement to provide a digital, same-as-print electronic edition of the ...

ECONOMY: Further rate hike will hit profitability: Kamath
Conservative approach favoured to tame inflation. Hyderabad, July 16 Any further hike in interest rates to control inflation will hit corporate profitability, according to Mr K.V. Kamath, Managing Director and Chief Executive Officer of ICICI ...

PETROLEUM: ONGC plans to relinquish Barmer-Sanchor CBM block
Block held jointly with Gujarat State Petroleum. Kolkata, July 16 ONGC is planning to relinquish the Barmer-Sanchor CBM (coal bed methane) block it now jointly holds with Gujarat State Petroleum Corporation (GSPC). ONGC has operating interest ...

ENVIRONMENT: IMaCS launches consulting services for carbon management
New Delhi, July 16 ICRA Management Consulting Services Ltd (IMaCS), the management consulting arm of ICRA Group, on Wednesday announced that it was expanding its energy practice to enter the consulting services market for carbon ...

RADIO/TV: TV advertising by domestic airlines drops 27%
Chennai, July 16 TV advertising of domestic airlines dropped by 27 per cent during January-May 2008 compared with January-May 2007, according to a study by AdEx. ...

POWER: India's IAEA briefing tomorrow

ECONOMIC OFFENCES: Realty co in Rs 110-cr tax evasion

TEXTILES: SIMA seeks ban on cotton export
Coimbatore, July 16 The Southern India Mills Association (SIMA), Coimbatore, has reiterated its demand to the Central Government to immediately ban export of cotton to cool down the prices till the next crop arrives at the ...

REAL ESTATE & CONSTRUCTION: Medium, small realty firms in for liquidity crunch, says Crisil report
Mumbai, July 16 Rating agency Crisil has said a number of medium-sized and small real estate developers could face a liquidity crunch in the months ahead. ...

ECONOMIC OFFENCES: Kerala raids reveal unaccounted sales

ECONOMIC OFFENCES: Kerala raids reveal unaccounted sales

INDUSTRIAL POLICY: Govt identifies Gummidipoondi for industrial development
Chennai, July 16 The Tamil Nadu Government is planning to develop two large chunks of land in its possession in the Gummidipoondi taluk, into industrial ...

INDUSTRIAL POLICY: Govt identifies Gummidipoondi for industrial development
Chennai, July 16 The Tamil Nadu Government is planning to develop two large chunks of land in its possession in the Gummidipoondi taluk, into industrial ...

HEALTH: Rajiv Arogya Sri phase II to be launched today
Over 90% of the poor to be covered under the scheme.

HEALTH: Rajiv Arogya Sri phase II to be launched today
Over 90% of the poor to be covered under the scheme.

INFRASTRUCTURE: Centre approves aerospace SEZ; Tatas keen to participate

INFRASTRUCTURE: Centre approves aerospace SEZ; Tatas keen to participate

EDUCATION: Kalam to teach at IIM-A

EDUCATION: Kalam to teach at IIM-A

PETROLEUM: No change in EoU status
On the withdrawal of export-oriented unit (EoU) status to Reliance Industries Jamnagar refinery and the demand for a ban on petroleum exports, Mr Kamal Nath clarified that the EoU status has been given to all complying with the provisions of ...

TAXATION: Anil Dhirubhai Ambani Group jet under customs net
New Delhi, July 16 The Customs Department has issued a “seizure notice” to Reliance Travel and Transport Ltd, an Anil Dhirubhai Ambani group company, alleging duty evasion on the import of a Bombardier Global 5000 ...

INDUSTRY ASSOCIATIONS: FICCI to host civil aviation expo in Hyderabad
The Federation of Indian Chamber of Commerce and Industry (FICCI) will host an exhibition on civil aviation in Hyderabad in ...

FOREIGN DIRECT INVESTMENT: SingTel among 12 FDI proposals cleared
New Delhi, July 16The plans of SingTel Australia Holdings, Singapore, to set up a joint venture company in India with 74 per cent FDI, for offering long distance telephony services, is among 12 FDI proposals cleared by the Government on ...

ECONOMY: Prahalad sets great store by market economy
A market-driven economy is management guru Prof C.K. Prahalad’s solution to a clean, corruption-free India. ...

PETROLEUM: GSPC strikes more gas in KG basin block
Gujarat State Petroleum Corporation (GSPC) and its consortium have struck more gas in its shallow water block of Krishna Godavari Basin. ...

RURAL DEVELOPMENT: ‘Plan rural job scheme without disrupting farm activities’
Hyderabad, July 16 The Union Government has asked the States to plan the NREGS (National Rural Employment Guarantee Scheme) well to spread out the mandatory 100 days (of employment) in the lean ...

EDUCATION: Realty developer Bearys starts Montessori schools
Real estate developer Bearys Group has started Montessori schools at two of its developments, LakeSide Habitat at Hebbal and Harmony Homes at Hennur Road, in Bangalore. ...

PETROLEUM: GAIL starts gas supply to BPCL Trombay unit
GAIL (India) Ltd has commenced gas supply to the Trombay region through the Dahej-Uran pipeline. ...

POWER: Solar energy sizzles worldwide
Mumbai, July 16 Energy crunch has begun to stare India Inc in the face. Admittedly, energy is a critical input that fuels growth. If not addressed urgently, energy insecurity can potentially create a serious downside risk to the economy in the ...