The Hindu Business Line : Friday, November 14, 2008

INDUSTRY & ECONOMY

PETROLEUM: Indian crude basket likely to fall below $50 a barrel
New Delhi, Nov. 13 Whether the winter festive season will bring cheer to buyers of petrol, diesel and cooking fuel only the next fortnight will indicate. The Indian crude basket is expected to be in the range of $48-50 a barrel on Thursday ...

ECONOMY: PM seeks strengthening of IMF, World Bank
To ensure impact of crisis is minimal on developing world. New Delhi, Nov. 13 The Prime Minister, Dr Manmohan Singh, on Thursday called for strengthening bodies like the International Monetary Fund, the World Bank as also regional banks and ...

SOCIAL SECURITY: Pension option: Actuaries’ report lifts staff hopes
Chennai, Nov. 13 About 2.6 lakh employees of public sector banks are likely to get a second chance to opt for pension instead of a lumpsum payment at the end of the service. This likelihood emerges from the expenditure estimates submitted by ...

STEEL: Inventory builds up at steel cos
SAIL holding 1 mt of finished goods. Steel Authority of India Ltd (SAIL) is currently holding a stock of nearly one million tonnes of finished goods in its various plants and warehouses across the ...

INFRASTRUCTURE: Infrastructure projects need more Govt funding
For driving demand for commodities, generating jobs. Infrastructure companies see an increased role for the government in funding and expediting clearances of infrastructure projects to support development in the backdrop of the international ...

FOODS & FOOD PROCESSING: Lack of common VAT rates hits food processing industry
Centre ready to provide grants for backward integration projects, modernisation. Mumbai, Nov. 13 An investment of Rs 1 lakh core was required in the food processing sector if the government has to achieve the growth target of Rs 4.40 lakh crore ...

HUMAN RESOURCES: Global majors at IIM-A for campus hiring
Ahmedabad, Nov. 13 Despite the global slowdown and threat of job losses looming large in the finance sector everywhere, international firms made an appearance at the Indian Institute of Management Ahmedabad, to pick students for the summer ...

TOURISM: ‘Race Village’ in Kochi gets ready for action
Kochi, Nov. 13 The Kandla-based Jaisu Shipping and Tata Consultancy Services have joined the Volvo Ocean Race India Stopover Team as sponsors, supporting the hosting of stopover event, being hosted by Cochin Port Trust and Kerala ...

FOODS & FOOD PROCESSING: Govt bid to boost bank lending to food processing
Allocates Rs 1,000 crore to Nabard. Mumbai, Nov 13 In a bid to bail out the food processing industry from the current financial crisis, the Government has allocated Rs 1,000 crore to the National Bank for Agriculture and Rural ...

STEEL: Govt alert to the possibility of steel dumping from China
Hyderabad, Nov. 13 The Union Government is keeping a close watch on the possibility of steel being dumped at various ports in the country ...

PETROLEUM: Gas and more from Qatar
West Asia is important to India, as it is to the rest of the world, because of its role as the planet’s oil and gas supplier. It is from this perspective that the recent visit of the Prime Minister, Dr Manmohan Singh, to Oman and Qatar ...

ECONOMY: Indian population to overtake China by 2050: Report
New Delhi, Nov. 13 By 2050, India would overtake China to become the most populous country with a projected population of 1.658 billion ...

ECONOMY: ‘Now, RBI gets headroom for more rate cuts’
Mumbai, Nov. 13 Single digit inflation after a period of five months may provide fresh impetus to the Reserve Bank of India to cut rates further. In fact, now it is not only feasible for the central bank to cut rates, but even desirable, ...

EVENTS: Meet on precision engineering
Hyderabad, Nov. 13 A two-day seminar on the latest trends in precision engineering’ is being organised at the Hitex on November 14 ...

EVENTS: Trade fair ‘Energy India’ to be held in Dec
Chennai, Nov. 13 Deutsche Messe, the organisers of technology exhibitions, and Hannover Fair, along with its wholly owned subsidiary, Hannover Fairs India Private Ltd, on Wednesday announced its forthcoming event Energy India, focussing ...

PETROLEUM: OVL, partner strike more oil in Egypt
New Delhi, Nov. 13 ONGC Videsh Ltd (OVL) and its partner IPR Red Sea Inc have made a second oil discovery in the North Ramadan Concession, Gulf of Suez, ...

EVENTS: Narsee Munjee Institute set for ‘Paragana 2008’
Mumbai, Nov. 13 Narsee Munjee Institute of Management Studies (NMIMS) is organising its annual corporate event — Paragana 2008 — from November 15 to 17 in Mumbai. The theme of the event, organised in partnership with Confederation ...

EVENTS: `Sourcing Show' in Hyderabad
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EVENTS: IEEE-Kerala silver jubilee
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PHARMACEUTICALS: Pharma majors bank on India, other emerging markets: Study
New Delhi, Nov. 13 Global pharmaceutical companies are banking on growth from emerging countries, including India, to tide over the current economic slowdown, according to a report from Ernst & ...

SOCIAL SECURITY: NIC sweetens universal policy
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PETROLEUM: Oil & gas sector: Reform is the way to go
New Delhi, Nov. 13 The Prime Minister’s assertion that the Government will not cut petrol and diesel prices till the oil marketing companies (OMCs) break even on auto fuel sales is a pragmatic approach to managing the ...

EDUCATION: MG varsity newsletter
The Defence Minister, Mr A.K. Antony, released the silver jubilee memorial special issue of the Mahatma Gandhi University Newsletter in English, at a function held in connection with the inauguration of the Pareeksha Bhavan building on ...

SSI: Meet on SMEs
T he Institute of Small Enterprises and Development is organising an international conference here to discuss the threats and opportunities before the small and medium enterprises. The institute, jointly with the International Network on ...