The Hindu Business Line : Saturday, August 23, 2008

INDUSTRY & ECONOMY

AUTOMOBILE COMPONENTS: Nano suppliers also to pull out if Tatas shift from Singur
Construction apace on plants at suppliers’ park. Kolkata/New Delhi/Chennai, Aug. 22 About 20 of the 56 suppliers for Tata Motors’ Nano, who have been allotted land at Singur, have started construction of their plants at the ...

FOREIGN DIRECT INVESTMENT: Phoenix Mills gets €200 m from German fund
Equity offering in real estate developer, subsidiaries ranges from 10% to 49%. Mumbai, Aug 22 Atul Ruia-promoted real estate developer Phoenix Mills has raised € 200 million (about Rs 1,300 crore) from German real estate fund MPC ...

ECONOMY: Govt mulls subsidised pulses distribution
New Delhi, Aug. 22 The Government is toying with the idea of launching a scheme for the supply of four lakh tonnes of subsidised pulses, with a subsidy component of Rs 10,000 a tonne (Rs 10 a kg). ...

STEEL: Govt asks steel cos to cut prices in line with falling global trend
Talks initiated between iron ore, steel cos. New Delhi, Aug. 22 Turning the argument forwarded by the steel industry head on, the Government on Friday asked domestic steel manufacturers to cut prices in line with the falling trend in global ...

URBAN DEVELOPMENT: Traffic management in Chennai a source of worry
‘Regulation, better infrastructure, strong public transport needed’. Chennai, Aug. 22 Traffic management and undisciplined driving in Chennai was among the main worries plaguing officials and industry experts at Chennai Version ...

LEATHER: Cabinet approves integrated leather development programme
Outlay at Rs 913 cr; three design centres to be set up. New Delhi, Aug. 22 In view of the importance of the leather sector for the economy and social equity, the Union Cabinet approved an ambitious plan with an outlay of Rs 912.67 crore. ...

RURAL DEVELOPMENT: Pacts signed to promote coffee, rubber farming in tribal areas
Hyderabad, Aug. 22 With a view to making rubber, coffee and cashew an attractive income proposition for tribals along the Eastern Ghats and in the north Telangana, the Union Government has facilitated two memoranda of understanding that ...

REAL ESTATE & CONSTRUCTION: ‘New entrants spoil the party for realty sector’
Market cap sees steep fall to $30-35 billion. Mumbai, Aug. 22 It is the aspirations of the new generation builders that has led to the state of oversupply in the country’s real estate sector currently, said speakers at a seminar on ...

INFRASTRUCTURE: ‘SEZ investment to touch Rs 2 lakh cr’
Land requirement for handicraft SEZ reduced. Mumbai, Aug 22 The investment in special economic zones is likely to touch Rs 2 lakh crore by December 2009 from the current Rs 77,000 crore, the Commerce Secretary, Mr G. K. Pillai, said here on ...

HUMAN RESOURCES: Salary arrears
The decision of the Cabinet to hike the pay of Central Government employees, after some modification to the recommendations of the Sixth Pay Commission, is a welcome relief for the salaried class in the present context of rising prices, ...

PHARMACEUTICALS: Diclofenac ‘not for veterinary use’
Mumbai, Aug. 22 Pain-drug Diclofenac used by humans will now have to explicitly carry the warning “Not for veterinary use”, the Centre has said, taking one more step towards saving the Asian vulture that sits on the brink of ...

NON-CONVENTIONAL ENERGY: Bio-fuels to be brought under the ambit of ‘declared goods’
Implementation of 10% ethanol blending likely next year: Pawar. New Delhi, Aug. 22 The Government is pushing to implement the deadline for implementing mandatory blending of 10 per cent ethanol in petrol to next year. The Union Minister for ...

HOTELS: Tripmela.com launches hotel search tool
Travellers in India who want to get the best of airfare and hotel deals now have access to information in one Web page. ...

REAL ESTATE & CONSTRUCTION: Mumbai’s Phoenix Mills to set up mall, IT park in Chennai
Chennai, Aug. 22 The Mumbai-based Phoenix Mills, a leading developer of malls and retail space, is setting up a Rs 850-crore mall and IT park in ...

INFRASTRUCTURE: KGLC team lowest bidder for Chennai airport runway
New Delhi, Aug. 22 The modernisation of Chennai airport is expected to begin soon with the Airports Authority of India identifying the lowest bidders for undertaking runway work and terminal building ...

HEALTH: GE Healthcare signs MoU with Gujarat Govt
The London based $17 billion General Electric Healthcare and the Government of Gujarat signed a memorandum of understanding to set up diagnostic imaging facilities in five medical collage and hospitals of Gujarat. GE will invest Rs 35 crore to ...

INFRASTRUCTURE: ‘Govt only a facilitator in SEZ land deals’
Mumbai, Aug. 22 The Maharashtra Chief Minister, Mr Vilasrao Deshmukh, said the Government would only facilitate land acquisition for special economic zones, which in any case has to be through direct negotiations between the developers and ...

POWER: ‘Power situation may improve soon’
The power situation in Tamil Nadu would improve once the monsoon turns active and the current shortage was just a “transient phase”, said the Chief Secretary, Mr L.K. ...

HOTELS: Pune to host meet on hospitality management
An education seminar on hospitality management is to be held in Pune on Monday by Les Roches International School of Hotel Management and Glion Institute of Higher Education, hospitality and hotel management schools based in ...

HEALTH: ‘104’ mobile health service
Hyderabad, Aug. 22 In another healthcare initiative under the public-private partnership, the Andhra Pradesh and Satyam Group have pressed into service ‘104’, a Mobile Health ...

INFRASTRUCTURE: Projects worth Rs 30,000 cr cleared in Karnataka
Bangalore, Aug. 22 A Rs 6,151-crore steel plant proposal of Bharat Mining and Minerals-ISPAT Ltd at Hospet and two SEZs near Bangalore are among the 25 mega project proposals that have been cleared by Karnataka’s High-Level Clearance ...

ENVIRONMENT: PNB, MITCON sign pact