The Hindu Business Line : Friday, April 27, 2007

NRIS
Karnataka Bank trims NRE deposit rates
Karnataka Bank Ltd has reduced interest rates on its NRE and FCNR (B) deposit schemes with effect from April 25. A bank release said here the interest rate on NRE deposits has been reduced to 5.22 per cent (5.72 per cent) for a tenure of one ... More

ANTI-DUMPING
Shrimp dumping duty: US to review 313 exporters
Only 74 firms shipping seafood More

COURTS/LEGAL ISSUES
Termination of TASMAC employee set aside
An order terminating services of its employees by Tamil Nadu State Marketing Corporation (TASMAC), without any notice or enquiry could not be sustained and was liable to be set aside, the Madras High Court has ruled. Allowing a writ petition by ... More

LKB merger: Centurion Bank of Punjab awaits HC ruling
Centurion Bank of Punjab expects the Kerala High Court to pass a judgment in May in the case concerning the merger of Lord Krishna Bank. The merger will still require an RBI approval, which, subject to the court order, is expected to come in ... More

ECONOMY
`Commercial property rentals in tier-1 cities still rising'
Rental rates for commercial properties in tier I cities continue to rise, says a CB Richard Ellis report. "With the Indian IT industry on track to achieve its long-term potential, demand for office space is expected to remain strong in the ... More

EXCISE AND CUSTOMS
Mangalore Customs collects Rs 600 cr
The Mangalore Customs Commissionerate collected Rs 600.35 crore in revenue last fiscal. Speaking to newspersons on Thursday, Dr John Joseph, Commissioner of Central Excise and Customs, Mangalore said that the target for 2006-07 was fixed at Rs ... More

FOREIGN TRADE
`Remove trade barriers between India and Pakistan'
Liberal visa regime for Pakistani businessmen sought More

India, Luxembourg agree on text for tax avoidance pact
India and the Grand Duchy of Luxembourg have moved a step closer towards entering into a double taxation avoidance agreement (DTAA), with both sides now agreeing on the text of the proposed agreement. The concurrence to the text came at a ... More

Victoria invites investments in lifesciences
After education, IT, tourism and aerospace, the Australian state of Victoria is now interested in Bangalore's budding lifesciences industry. The annual BangaloreBIO.Com event will form the stage for the two countries to discuss ties. The ... More

HOTELS
Royal Orchid plans serviced apartment project in Pune
It has entered into a 20-year agreement with Pune-based builders Vascon Engineers to manage the apartments. More

INFRASTRUCTURE
Singur, Nandigram case hearings
A Division Bench of the Calcutta High Court comprising Mr Justice P.C. Ghose, and Mr Justice B. Samaddarm, on Thursday said that the Singur and Nandigram cases would be heard by a Division Bench headed by the Chief Justice. The Supreme Court ... More

PSU
Kerala PSUs perform better
Combined net at Rs 92 cr against Rs 63-cr loss the previous year More

PETROLEUM
OIL not keen on joining HPCL's Bhatinda project
`Decision on equity in Vizag project after viability study' More

Deora for early implementation of LNG contract with Iran
Mr Murli Deora, Minister of Petroleum and Natural Gas, has stressed the need for an early implementation of the liquefied natural gas (LNG) contract and reiterated India's commitment to the gas pipeline project during his meeting with the Iranian ... More

POWER
Govt targets additional 10,000 MW in 11th Plan
The Government is targeting additional power generation capacity of 10,000 MW from renewable sources in the 11th Five-Year Plan. ``Our 11th Plan target is to add 10,000 MW of installed capacity. In the first year, we plan to add around ... More

STEEL
SAIL, NMDC, Rashtriya Ispat plan steel plant in Chhattisgarh
Project cost estimated at around Rs 15,000 crore More

TAXATION
Guide book on VAT released
Mr Meela Satyanarayana, Chairman and Managing Director of Sudhakar Group of Industries, has said that compliance of Acts and rules would go up if they offered convenience in adherence. Addressing a gathering at the release of the book `A guide ... More

TEXTILES
`Rising rupee will dent home textile exports'
Exporters of home textiles from the handloom town of Karur fear that the strengthening rupee will severely dent shipments of made-ups, which are a key value-earner in the country's textile export ... More

Textile bodies worried as yarn turns dearer
To discuss `work stoppage' call More

SSI
Canara Bank, ICRA sign MoU
Canara Bank has signed a memorandum of understanding with the ICRA Ltd for credit rating small and medium enterprises. A bank release said here that the MoU would facilitate extending comprehensive rating services to all the ... More

ISB training programme for SMEs
With a view to training the small and medium enterprises (SMEs) to take advantage of globalisation, Indian School of Business (ISB) is rolling out a special programme. The programme would help the SMEs in evolving an apt growth strategy. They ... More

RADIO/TV
Star, Sony bouquets still on top in Mumbai CAS market
Few takers for regional channels More

REAL ESTATE & CONSTRUCTION
Apartment prices in for correction, say developers
`With affordability hit, people will take a second look' More

NEWSPAPERS & PUBLISHING
Human faces in the news
Why people matter to good journalism, as do poverty, health, livelihoods, climate changes or HIV/AIDS. More

PIRACY
`Action plan to check piracy, counterfeiting soon'
The inter-ministerial group to check piracy and counterfeiting would shortly come out with action plan to supervise and take action against offenders. While speaking at a seminar on Thursday, Dr Ajay Dua, Secretary, Department of Industrial ... More

TOURISM
Singapore Airlines keen on India promotion
Plans to extend boarding pass privileges programme More

STANDARDS & BENCHMARKS
Bail granted to accused in defective kit case
A Division Bench of Calcutta High Court comprising Mr Justice D.P. Sengupta and Mr Justice S.P. Mitra today granted bail to Mr Jagadish Sarda, one of the accused in the defective blood-testing kit supply scandal. Mr Sarda, the younger brother ... More