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Wednesday, October 08, 2008
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INDUSTRY & ECONOMY

AUTOMOBILE COMPONENTS: Parts suppliers support Nano’s move to Gujarat
Pinning hopes on car’s mass appeal to drive demand, cover losses. New Delhi, Oct. 7 Auto component suppliers to Tata Motors’ Nano expressed their willingness to move to Gujarat to help roll out the world’s cheapest car, ...

PETROLEUM: Dip in crude prices may not be enough for oil cos to celebrate
‘Rupee has to appreciate by 10% for us to reap benefits’. New Delhi, Oct. 7 Despite the softening of crude oil prices, there may not be a significant increase in the profitability of the three public sector refining-cum-retailing ...

HOTELS: ‘Positive outlook’ for Bangalore hotel and tourism industry
India Digest forecasts growth in tourist arrivals. Prospects remain positive for Bangalore’s hotel and tourism industries in the coming years, what with more than 6,400 hotel rooms expected to be added in the next couple of years, ...

SCIENCE & TECHNOLOGY: Moon voyage
...

TOURISM: Festive fervour
...

EXPORTS & IMPORTS: Sept oilmeal exports plummet on lower prices
Chennai, Oct. 7 Lower prices and lean crushing period led to lower oilmeal exports in September with shipments declining nearly 50 per cent compared with the same period a ...

REAL ESTATE & CONSTRUCTION: Real estate developers facing liquidity crunch as banks reluctant to lend
Pune, Oct. 7 Liquidity crunch, global upheaval and market phenomenon are likely to drive up the real estate prices in the next couple of years, according to Mr Lalit Kumar Jain, President, Promoters and Builders Association of ...

HEALTH: Only 1.2% Indian households have health cover: Study
Kolkata, Oct. 7 While the average medical expenditure of an Indian household is 6.7 per cent of annual income, the penetration of health insurance in the country is only 1.2 per cent with an average sum assured of Rs 98,604, according to a ...

REAL ESTATE & CONSTRUCTION: Karnataka retains SAS for properties in Bangalore
Karnataka Government today decided to retain the Self Assessment Scheme (SAS) introduced in 2000 for calculating property tax in the Bruhat Bangalore Mahanagar Palike (BBMP) ...

ECONOMY: Economy can still post 8% growth, says Chidambaram
New Delhi, Oct. 7 The Finance Minister, Mr P. Chidambaram, has said that India can still end the current year with a growth rate of 8 per cent despite the financial turmoil across the ...

COURTS/LEGAL ISSUES: Gas sharing: RNRL to place portions of MoU before HC
Mumbai, Oct. 7 Reliance Natural Resources Ltd (RNRL) will place before the Bombay High Court on Wednesday portions of the Ambani family’s Memorandum of Understanding, relating to the sharing of ...

INDUSTRIAL POLICY: Singur pullout: Manufacturing policy needs a crank-up
New Delhi, Oct. 7 In an irony of sorts, the presentation of the report of the Group on National Manufacturing Competitiveness Council (NMCC) plumping for an average manufacturing sector growth of 12-14 per cent a year to the Prime Minister ...

RURAL DEVELOPMENT: Rural empowerment initiative
South Indian Bank has commenced a rural empowerment initiative in association with the Kerala Agricultural University. While the bank would provide the necessary finance, the university would impart the requisite skills and technology required ...

INDUSTRY ASSOCIATIONS: CII seminar on Reach
T he Confederation of Indian Industry is organising a seminar on registration, evaluation and authorisation of chemicals (Reach), which is a new regulatory framework of the EU Commission aimed at improving the protection of human health and ...

HEALTH: Tata AIG health product
Tata AIG Life Insurance Company Limited has launched a unit-linked health product called Tata AIG Life InvestAssure Health, a press release issued by the company said. The features of the product include a lump sum benefit that will be paid for ...





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Markets (Oct 6)
Nifty (at close)3602.35(+4.25)
US Dollar (Buy/Sell)47.30/31
Brent crude (a bbl) Rs4,143
Gold (a gram) Rs1,188
Silver (a kg) Rs18,810


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