The Hindu Business Line : Wednesday, January 24, 2007

ECONOMY
Use GDP, IIP data to track growth: Panel
A technical advisory group of the Reserve Bank has suggested using quarterly gross domestic product (GDP) and monthly index of industrial production (IIP) data to track economic growth. The RBI set up the Technical Advisory Group on ... More

TAXATION
`Positive impact of VAT appeared sooner than was expected'
It is time to embark on a conscious programme of fiscal conservatism at the level of the States and evaluate the marginal benefits of additional expenditure before sanctioning new projects. More

SOFTWARE
Services, software seen growing at 28%
"The high offshore delivery component and superior execution in multi-location delivery continue to be key differentiators." More

INTERNET
New Web-based system to track fertiliser flow
Maintain district-level stock point, urea manufacturers told More

AGRICULTURAL INSTITUTIONS
`Remove regional imbalances in credit distribution'
Focus on manufacturing sector leading to distress migration of rural poor More

NEWSPAPERS & PUBLISHING
SAGE Publications bets on India for global business
Acquires the remaining 76 pc of SAGE India More

PUBLIC SECTOR BANKS
SBI Deposits up 11 pc; advances 26 pc
State Bank of India has recorded about 11 per cent rise in deposits and around 26 per cent growth in advances. SBI has reported 11.17 per cent rise in deposits to Rs 4,04,352 crore as on Dec. 31, 2006 from Rs 3,63,731 crore as on Dec 31, 2005. ... More

FOREIGN INSTITUTIONAL INVESTORS
AIF Capital gets nod to invest in Catholic Syrian
Based on the recommendation by the FIPB, the Union Finance Minister, Mr P. Chidambaram, has approved a proposal from AIF Capital Development, Mauritius, to invest up to 15 per cent in the equity base of Catholic Syrian Bank. The investment ... More

REGULATORY BODIES & RULINGS
JP Morgan may launch operations in April
Awaits SEBI clearance; begins brand awareness exercise More

OUTLOOK
Retailers upbeat on profit growth
Chalk out ambitious expansion plans More

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New Web-based system to track fertiliser flow

Looking back
Jan. 14-Jan. 20
HCL Tech net income rises 58 per cent

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TCS launches next wave of innovation