The Hindu Business Line : Sunday, August 10, 2008

INDUSTRY & ECONOMY

NATURAL CALAMITIES: Rain wreaks havoc in AP, Met office warns of more
Hyderabad, Aug. 9 Incessant rain in the last 24 hours in Andhra Pradesh has caused widespread damage to life and property across the State. According to the Meteorological Department, widespread rainfall is likely over Orissa and coastal ...

REAL ESTATE & CONSTRUCTION: Low-cost housing, of a high quality
The twin cities of Hubli-Dharwad in Karnataka are home to over 8 lakh people. Almost a quarter of this population lives in slums. In a State that is short of 1.63 million houses for its inhabitants, it is hardly surprising that many of the ...

ECONOMY: OECD signals sharper slowdown in top economies
India in the downturn mode. Mumbai, Aug. 9 A sharper slowdown in major industrialised countries has been signalled by the latest OECD Composite Leading Indicators (CLI). ...

ENGINEERING: Changes in law likely to boost engineering exports
Need of the hour is to augment infrastructure: Pranab Mukherjee. Kolkata, Aug 9 The Union Minister for External Affairs, Mr Pranab Mukherjee, has assured the engineering goods exporting community that the Union Government will consider ...

NON-CONVENTIONAL ENERGY: Titan Energy to build grid-linked solar power plant
Bengal expects projects amounting to 50 MW to come in by 2010. Hyderabad, Aug. 9 Titan Energy Systems Ltd, with support from Beck Energy, Germany, will build the country’s first large-scale, grid-connected solar power plant in West ...

REAL ESTATE & CONSTRUCTION: Mumbai warms up to build-and-lease
In Mumbai Metropolis, where land is scarce and comes at a premium, the build-and-lease model adopted in special economic zones appears to have many takers. This is despite some instances of developers tying up with their clients to put up ...

TOURISM: Tourist accommodation in short supply
While the activity in the residential segment in Kerala remains hectic, there has been a continuous shortfall in supply against firm projections in the hospitality ...

HUMAN RESOURCES: Oman waives fines for overstaying

COURTS/LEGAL ISSUES: Bequeathing your legacy to a legatee?
In the previous column (Business Line, June 22), we discussed some of the frequently asked questions on writing/executing a Will. As a sequel to that, let us further discuss some more associated terms such as bequest, ...

ECONOMY: Alarming rise in pollution by Asian giants: Study
Mumbai, Aug. 9 China accounted for a staggering 57 per cent of the growth in carbon emissions from fossil fuel combustion worldwide that, between 2000 and 2007, increased 22 per cent to an estimated 8.2 billion tonnes, according to research by ...

REAL ESTATE & CONSTRUCTION: Difficult realty market in the next two years

Berggruen Holdings, a private investment company founded by Mr Nicolas Berggruen, manages over a $1 billion in assets. It invests its own proprietary capital in a range of asset classes, including private equity, real-estate and ...

HOTELS: Indian Hotels, ITC, EIH to expand footprint led by tourism growth
Chennai, Aug. 9 Anticipating continued growth of the tourism sector, three of the leading domestic hotel chains — The Indian Hotels Co Ltd (which owns the Taj brand), ITC Ltd (with its Welcomgroup chain) and EIH Ltd (Trident brand) ...

EVENTS: Weekly News Round-up
The Wholesale Price Index based inflation rate accelerated to 12.01 per cent in the week ended July 26, the highest since April 1, 1995. It was marginally above the 11.98 per cent annual increase in the previous reported ...

MEDICAL INSTITUTIONS & HOSPITALS: Hospitals start downsizing to regulate costs
Bangalore, Aug 9 Hospitals with a large number of beds would soon have to think of rationalising their size, in view of advanced medical technologies reducing duration of the stay for patients. With the adoption of sophisticated diagnostic ...

TRADE & LABOUR UNIONS: Bengal tea workers to observe 1-day stir
Kolkata, Aug 9 Over three lakh workers employed in 280 tea gardens in West Bengal will observe one day’s token strike on August 11 in protest of the failure of the wage talks between the unions, employers’ representatives and the ...

POWER: NTPC in pact with NHPC, PFC, TCS for power exchange
New Delhi, Aug. 9 NTPC Ltd announced here on Saturday that it has inked a memorandum of understanding with hydropower firm NHPC Ltd, Power Finance Corporation and Tata Consultancy Services for a joint venture company to set up a national power ...

REAL ESTATE & CONSTRUCTION: Parsvnath Developers: Sell
The recent hikes in interest rates and the continuing scenario of unaffordable housing may prove to be an intimidating combination for the real-estate sector and realty developers. While rising cost of home loans can affect demand, higher ...