Business Daily from THE HINDU group of publications
Friday, August 01, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, August 01, 2008 ePaper | Mobile/PDA Version | Audio |
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INDUSTRY & ECONOMY EVENTS: Govt confident of support for key Bills: Chidambaram New Delhi, July 31 The discord among various political combines in Parliament over pushing forward economic reforms notwithstanding, the Finance Minister, Mr P. Chidambaram, has expressed confidence that he would be able to muster legislative ... STEEL: Steel price hike looms large as moratorium nears end Coal prices up $202 a tonne since July. New Delhi, July 31 The possibility of an imminent rise in steel prices looms large as the self-imposed moratorium to hold prices by the steel industry ends this ... EXPORTS & IMPORTS: Exporters not taking forward rupee cover Expect softening trend to continue as FII inflow slows. Bangalore, July 31 The rupee may have appreciated against the US dollar since July this year, but exporters are not taking forward cover, unlike in the ... GEMS & JEWELLERY: Gold down by Rs 1,000 in 2 weeks Mumbai, July 31 The sharp fall in crude oil prices and a strengthening dollar against eruo have pushed down gold prices by Rs 1,015 for 10 grams in the last two ... INFRASTRUCTURE: Tatas, Reliance put mega power projects on fast track New Delhi, July 31 The promoters of the first couple of the Ultra Mega Power Projects (UMPPs) have put their projects on fast track and hope to commission at least one unit each way before the end of the current Plan period. ... EXPORTS & IMPORTS: Unit value realisation of cashew export increases Up 31% in Q1 as Vietnam defaults in exports to US, Europe. Mangalore, July 31 The first three months of the current financial year have augured well for the Indian cashew exporters with cashew kernels recording a growth of more than 31 per ... WTO: Doha: India committed but no compromise New Delhi, July 31 The Union Commerce and Industry Minister, Mr Kamal Nath, said that India and other developing countries would not “compromise” on the development content of the Doha Round, while reiterating India’s firm ... RURAL DEVELOPMENT: Scientist returns to his roots …to help develop his village and its people at Kuthambakkam, Tamil Nadu.. We’ve seen it in the movies before… There was Shah Rukh Khan in Swades playing Mohan Bhargav, a scientist working with NASA who undergoes a ... EXPORTS & IMPORTS: Tea exports decline The Tea Board has released final figures pertaining to tea exports during fiscal 2007-08. Tea exports stood at 185.32 million kg valued at Rs 1,888.68 crore at a unit realisation of Rs 101.91 per kg. A communiqué from the Tea Board said that ... PETROLEUM: Garware Offshore to buy 5 ships for $100 m Mumbai July 31 Garware Offshore, which provides offshore support services to oil and gas exploration companies such as ONGC and Reliance, will be adding five more offshore vessels to its existing fleet within the next 12 to 18 months. ... ECONOMY: ‘Poll year spend could land Govt in a spot’ Thiruvananthapuram, July 31 Leading economists believe that profligate spending by the Government to support welfare schemes during an election year could put paid to hopes of reining in the runaway fiscal spiral. ... SOCIETY & DEVELOPMENT: Activism unlimited A corporate crusader. Vinai Kumar Saxena, 50, wears many hats with aplomb: a corporate leader, a crusader for public causes and an environmentalist. “No, my company (JK Group) has never objected to these ‘extra-curricular’ ... INFRASTRUCTURE: Pampa Action Plan still hanging fire The next Sabarimala season is about four months away, but implementation of the top priority projects under the Pampa Action Plan, aimed at arresting pollution of the Pampa river, remains a non-starter even five years after its approval by the ... CLIMATE & WEATHER: Erratic rainfall pushes down S. India tea output Kochi, July 31 Erratic rain fall during the south west monsoon has pushed down tea production in south India in June with no significant rise in output this month. According to Upasi initial estimates, the fall in production in June would come ... SSI: Maditssia takes out rally against power cuts Demands white paper. Madurai, July 31 The Madurai District Tiny and Small Industries Association (Maditssia), along with 18 other small industry associations, staged a dharna and took out a rally to the Collectorate and submitted a memorandum ... POWER: Recast power reforms programme cleared New Delhi, July 31 Nearly a year and half into the current Plan period, the Government has finally given its nod for the continuation of its key power reform scheme during the Eleventh Plan. ... ECONOMY: Additional terms of reference for 13th Finance Commission New Delhi, July 31 In a serious bid to make the fiscal deficit target realistic and transparent, the Centre has mandated the 13th Finance Commission to come up with a revised roadmap on fiscal adjustment through 2010-15 after reflecting the ... COAL: Coal India eyeing non-coking coal assets in Indonesia Kolkata. July 31 Coal India seems to be eyeing opportunities to acquire one or more small-sized non-coking coal assets in Indonesia. In another development, Coal Ventures International (CVI) – the SPV created by five PSUs including CIL ... RADIO/TV: Discovery Networks to launch three channels next year New Delhi, July 31 Discovery Networks plans to launch three new channels next year, taking its portfolio to six. ... EVENTS: CII Tiruchi zone to host Energex from Sept 26 Chennai, July 31 The Confederation of Indian Industry (CII) Tiruchi Zone is planning to organise the second edition of Energex 2008 from September 26. The three-day expo is aimed at showcasing the potential of the zone as a major engineering ... ECONOMY: Fiscal deficit at 64.6% of Budget estimate New Delhi, July 31 The Centre’s fiscal deficit has touched Rs 86,126 crore in the first quarter ended June 30, 2008. This represented 64.6 per cent of the budget estimate of Rs 1,33,287 crore for 2008-09, according to the Controller ... SSI: Meet called on information dissemination Ariyalur, July 31 With a view to publicising the government’s announcement of various subsidies and incentives to MSMEs (Micro, Small and Medium Enterprises), the District Industries Centre will convene grievances ... EDUCATION: Manipal University wins award Manipal University has won the ‘best in class’ award (second highest) of the International Asia Pacific Quality Award-2008, under education category, promoted by Asia Pacific Quality Organisation (APQO). ... ENTREPRENEURSHIP: Entrepreneurship development EDUCATION: AIMA offers PG Diploma
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