The Hindu Business Line : Thursday, August 07, 2008

INDUSTRY & ECONOMY

ECONOMY: Net direct tax collections up 47% in April-July
New Delhi, Aug 6 The Centre’s direct tax revenues continue to be buoyant, with net collections recording a 46.95 per cent growth in the first four months of the current fiscal. ...

HOTELS: On Fortune’s path
Fortune Park Hotels is an instance of the emerging breed of luxury hotels that offer ‘value hospitality’.. A few years ago, seasoned players in the country’s hospitality sector realised that the future would be largely ...

ECONOMY: Tough times call for smart ideas
A sluggish economy is a good opportunity for marketers and advertising professionals to evaluate their ad spend and the value it’s delivering.. The party is over, gentlemen!” While this is probably what Gary Kirsten might have ...

PERSONAL PRODUCTS: Still strong and steady
FMCG companies’ profits are up despite input costs rising with inflation.. Your fuel bill may be swelling and your home loan instalment may just have become heftier. But, it’s not as if people have stopped buying their items of ...

FOODS & FOOD PROCESSING: Socially ostracised snacks?
Makers of snack foods need to be aware of consumers’ concerns and act on them.. The snack foods market is witnessing some small sets of protests from consumers who find it too fatty for their kids. Packaged snacks seem to be ...

ECONOMY: Fears on overheating of economy allayed
High growth trajectory is expected to be maintained. Bangalore, Aug 06 The country was expected to maintain the high growth trajectory in the Eleventh Plan period despite the current high rates of ...

IPR: Govt to contest ‘Ponni’ trademark to Malaysian firm
Apeda engages K&S Partners to file cancellation application. New Delhi, Aug. 6 The Union Government has decided to formally contest the grant of registration for ‘Ponni’ rice as a trademark to a Malaysian company, Syarikat ...

CEMENT: Sentiment turns positive for cement stocks
Investors spot value-buying opportunity. Mumbai, Aug. 6 After being battered for sometime now, cement company stocks in the BSE seem to have attracted investors’ fancy in the last one month. Expectations of a possible hike in cement ...

BREWERIES: Liquor stocks remain steady in a shaky market
Companies beat high inflationary pressure. Kolkata/Bangalore, Aug. 6 Liquor stocks have been on a high until Wednesday when some profit booking emerged after over a month. With upbeat consumerism continuing to pep up demand for alcoholic ...

NEWSPAPERS & PUBLISHING: Meet discusses future of news
The future of news was discussed at a recent conference held in the Capital, during which more news and news channels were predicted to come up in the future. Along with leading personalities of media houses were Mr Ajit Balakrishnan, Founder ...

POWER: Power projects in for cost squeeze
New Delhi, Aug. 6 With the inflationary spiral threatening to derail project execution outlays across key infrastructure sectors, cost squeeze is the new buzzword in the power sector. ...

STEEL: Revenues push Tata Steel higher on Fortune list; no plans to list holding company
Kolkata, Aug. 6 Tata Steel has been ranked 231 on the list of Global 500 companies by Fortune magazine and not 315, a clarification on the Web site of the magazine has stated. This is the first time that the company has ...

FOREIGN TRADE: DGFT provides relief to capital goods industry
New Delhi, Aug. 6 The Directorate General of Foreign Trade has amended the foreign trade policy to provide a measure of relief to the domestic capital goods sector reeling under downturn by rendering the sale of imported capital goods, ...

NATURAL CALAMITIES: YSR orders speedy flood relief works
Hyderabad, Aug 6 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, directed R&B, Irrigation, GHMC, Health and Medical and other Departments concerned to take action and repair the damages caused following heavy rains in the ...

HUMAN RESOURCES: Bengal varsities, CII join hands for soft skills development
Kolkata, Aug. 6 The Bengal Engineering & Science University, the West Bengal University of Technology and the Confederation of Engineering Industry (CII) on Wednesday signed a memorandum of understanding to collaborate in the development ...

NRIS: ‘India’s economic development luring NRI investments’
Coimbatore, Aug. 6 The economic growth story is attracting investments in properties in India by NRIs and home sales to NRIs has tripled in the last six months, according to an executive from property portal ...

GENDER: Law does not restrict maternity benefit to female workers to 2 deliveries: HC
Chennai, Aug. 6 There was no provision in the Maternity Benefit Act, 1961 on number of deliveries made by a female worker so as to entitle them for the maternity benefits. So long as Article 42 of the Constitution read with the M.B. Act, was ...

EDUCATION: AP to set up five nursing schools
Hyderabad, Aug. 6 The Andhra Pradesh Government has decided to start five nursing schools at Sanathnagar, Nacharam, Ramachandrapuram, Tirupati and Visakhapatnam. ...

POWER: Coal shortage: CIL finds fault with power sector
Kolkata, Aug. 6 There seems to be no end to the confusion and controversy over the real reasons behind the coal shortage at large number of power plants across the country. ...

PETROLEUM: No mention of gas supply in scheme: Reliance
Mumbai, Aug. 6 If Reliance Industries Ltd had agreed to supply gas at $ 2.37 per mmbtu for 17 years to Mr Anil Ambani controlled Reliance Natural Resources Ltd it could have affected the company’s share price, said Mr Harish Salve, ...

RADIO/TV: TRAI takes ESPN to court over non-compliance
New Delhi, Aug. 6 The Telecom Regulatory Authority of India (TRAI) has filed a complaint with the chief judicial magistrate in a Delhi court against ESPN Software. ...

REAL ESTATE & CONSTRUCTION: ‘Bengal realty prices to rise from September’
Kolkata, Aug. 6 Real estate prices in West Bengal will rise by 5-20 per cent from September, said Mr Pradeep Sureka, President, Bengal Chapter of Confederation of Real Estate Developer’s Association of India (CREDAI), on ...

SSI: Small units seek relaxation in power holiday
Madurai, Aug. 6 While welcoming the relaxation in the restriction of peak hour use of electricity by industrial consumers, announced by Tamilnadu Electricity Board (TNEB), the small and tiny industries here have made an appeal for relaxation ...

PSU: Miniratna status for Hind Copper
Kolkata, Aug. 6 Hindustan Copper Ltd (HCL) has been conferred the status of Miniratna (Category I) by the Government. The central PSU, under the administrative control of the Union Ministry of Mines, will now have the operational freedom to ...

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