The Hindu Business Line : Friday, December 26, 2008

INDUSTRY & ECONOMY

ECONOMY: Indian bourses among worst hit
Global meltdown shaves 65% off market capitalisation. New Delhi, Dec. 25 The global financial meltdown may have had its origins in the West, but the Indian bourses are among the worst hit in terms of wipe-out of market ...

AUTOMOBILE COMPONENTS: Vendors upset over Ashok Leyland ‘negotiating’ dues
Company says it’s been sourcing funds to fulfil commitments. Chennai, Dec. 25 Ashok Leyland appears to have incurred the ire of its suppliers over the company “negotiating” with them for taking a cut on the payments ...

HEALTH: Got milk bank?
An advanced form of wet nursing to help hapless newborns. Pawar delivered her baby after a difficult Caesarean. Her family panicked: how would she breastfeed the newborn, considering the time it was taking Sheila to regain ...

SCIENCE & TECHNOLOGY: Don’t waste funds on grandiose projects: Nobel Laureate Perl
Hyderabad, Dec. 25 It is perhaps the right time that a country such as India takes the lead role in space research, says, Prof Martin Lewis Perl, the 1995 Nobel prize winner for ...

ECONOMY: Credit, exports, tourism likely to be hit by global crisis: Report
Growth rate likely to decrease by 2-3%. Kerala is not immune to the current global economic crisis, says a report prepared by the city-based Centre for Development ...

NON-CONVENTIONAL ENERGY: New players in wind turbine manufacture to stir up biz
All companies bring machines with European know-how. Chennai, Dec. 25 The wind power equipment industry in the country is in for a change. Even as multi-national independent power producers of wind energy are investing in the country, a number ...

FERTILISERS: Fall in chemical prices may help trim Govt’s fertiliser subsidy bill
Switch to market-linked subsidy policy helps. Mumbai, Dec. 25 The sharp fall in DAP, phosphate and sulphur prices in last few months may lead to significant saving for the Government as it switched over to market-linked fertiliser subsidy policy ...

LEATHER: Leather industry to revise estimates on global slowdown
Mood is sombre as traders feel 2009 holds worse. Chennai, Dec. 25 The leather industry saw the year begin on a buoyant note with exports set to grow and new markets to exploit. But the international financial crisis was a dampener causing the ...

TERRORISM: Mumbai marathon to kick off from CST
Mumbai, Dec. 25 Just seven weeks after 9/11 disaster, New York City unified and celebrated the marathon. Now its Mumbai’s turn to get back on feet and run to secure its future on January 18, nine weeks ...

EDUCATION: Samuel Chandar, Vice-President (HR & Commercial), Henkel India Ltd; M.O.P. Vaishnav College for Women, Chennai
Chennai, Dec. 25 There is a need for hyperopia in marketing. Hyperopia is the condition that enables one to see distant things more clearly than objects that are ...

NON-CONVENTIONAL ENERGY: Regulatory body dismisses TNEB’s review petition
Chennai, Dec. 25 The Tamil Nadu Electricity Regulatory Commission (TNERC) has dismissed the Tamil Nadu Electricity Board’s review petition seeking withdrawal of the order allowing use of banked energy by wind energy generators and ...

SSI: NMCC for curbs on imports to protect domestic industry
Chennai, Dec. 25 The National Manufacturing Competitiveness Council (NMCC) wants curbs on imports to protect the domestic industry —especially on those products that are hurting the ...

FOREIGN DIRECT INVESTMENT: New formula proposed for calculating indirect foreign holdings
The Department of Industrial Policy and Promotion (DIPP) has suggested a formula for calculation of indirect foreign equity, which could have major consequences for foreign holding across various sectors including sensitive ones such ...

NON-CONVENTIONAL ENERGY: Wind power association welcomes TNERC move
The Tamil Nadu Electricity Board’s adverse treatment of wind energy generators is to blame for the lack of investments in wind power generation in the State, says the Indian Wind ...

TOURISM: Expats skip Xmas holiday in India, head home instead
New Delhi, Dec. 25 India’s recent terrorist attacks are taking a toll on another segment of travellers — expatriates. The terror attacks in Mumbai and Rajasthan and also the decision of the Goa Government to ban beach parties ...

INDUSTRY ASSOCIATIONS: FAPI concern over slow pace of revival of sick industries
Hyderabad, Dec. 25 The Federation of Andhra Pradesh Industries (FAPI) has said that despite the State Government forming a committee — The Andhra Pradesh Small Scale Industrial Rehabilitation Board — it has not met so far to ...

ECONOMY: Mid-year review short on corrective action
New Delhi, Dec. 25 Even as hints of a second round of economic stimulus measures continue unabated, the economy scorecard as set out in the mid-year review presented to Parliament recently was long on prescriptions but woefully short ...