The Hindu Business Line : Friday, August 03, 2007

NRIS
SBH cuts NRE term deposit rates
State Bank of Hyderabad has reduced the interest rates on Non-Resident External (NRE) term deposits with effect from August 1. The interest on deposits for one year to less than two years is 5.25 per cent (5.43 per cent), two to three years ... More

CEMENT
Cement cos report higher July output, dispatches
Mumbai, Aug. 2 Cement companies continued their robust growth in production and dispatches in July and for the quarter ended July 31, 2007. Cement major ACC has reported a 10 per cent rise in production to 1.63 million tonnes (mt) in July ... More

Cement prices continue to rule high in South
Mumbai, Aug. 2 Cement prices continue to rule high in the southern States despite the rains, especially in Tamil Nadu where it has gone up by over Rs 10 per bag of 50 kg in the first quarter.The western region (excluding Mumbai), and ... More

FOREIGN TRADE
‘Pakistan ‘agreeable’ to trade across LoC’
India calls for investment collaborations in IT, textiles More

Kerala looking at investors from Taiwan
Thiruvananthapuram, Aug. 2 As part of the efforts to provide support to its growing software industry, Kerala is looking at the possibility of attracting companies from Taiwan to invest in the electronic hardware sector in the State.A ... More

Coming together
More

PETROLEUM
Great Eastern Energy, IOC plan joint venture
Gas distribution in Bengal More

TAXATION
Net direct tax collections rise 46% in April-July
New Delhi, Aug. 2 The Centre’s net direct tax revenues continue to be buoyant, with collections in the first four months of the current fiscal recording a 45.6 per cent increase to Rs 53,397 crore.In April-July 2007, the growth ... More

TEXTILES
Automotive textiles meet in Mumbai
Mumbai, Aug. 2 There is close connection between automobiles and technical textiles. Did you know that 35 per cent of an automobile consists of textiles? And did you know that a car uses 45 sq. m. of textiles for its interiors?Even as ... More

WBSIDC, Mahestalla Garments tie up for garment, textile park
‘Will be ready for occupation in next 18 months’ More

RADIO/TV
NDTV ties up with Sri Lankan DTH provider
New Delhi, Aug. 2 NDTV has tied up with Sri Lankan DTH service provider Dialog TV to distribute its English news channel — NDTV 24x7. “We’re confident that 24x7 will be an important source of information and this ... More

EDUCATION
‘IISc can become future Stanford’
Bangalore, Aug. 2 “Bangalore’s Indian Institute of Science can become the Stanford of tomorrow,” believes Prof Krishna C. Saraswat, Ricky/Nielson Professor of Engineering, Department of Electrical Engineering, Stanford ... More

GEMS & JEWELLERY
SIDBI supports Karaikudi jewellery artisans’ co
Madurai, Aug. 2 Small Industries Development Bank of India (SIDBI) is promoting an export-oriented private limited company put up by jewellery artisans at Karaikudi, Mr.R.M.Malla, Chairman and Managing Director, SIDBI, has said.Speaking ... More

REAL ESTATE & CONSTRUCTION
Built-in harmony
It’s what the building does for its occupants, and not its looks alone, that matter to this noted Malaysian architect. More

INDUSTRY ASSOCIATIONS
M&As: Indian cos spent more than foreign firms in Q1
New Delhi, Aug 2 While Indian companies acquired companies abroad with a war chest of $11.37 billion, foreign firms invested only $2.06 billion in buying out Indian firms in the first quarter of the current fiscal, according to Associated ... More

GENDER
Meet on educating women investors
Chennai, Aug. 2 To educate women investors on the art of investing, a seminar is being organised in Chennai on August 4 by the Inner Wheel District 323. Titled ‘Sampatti — Empowerment through Investment,’ the seminar ... More

REGULATORY BODIES & RULINGS
30,000 cos default on annual filing
Come under Ministry scanner More

‘NPPA price fixing is indirect way of control’
New Delhi, Aug. 2 The pharmaceutical industry is smarting from the National Pharmaceutical Pricing Authority’s recent move fixing the prices of about 20 non-scheduled drugs in two instalments. The industry claims the move is an ... More

INCOME TAX
1.46 lakh e-returns from non-corporate assessees
New Delhi, Aug. 2 Electronic filing of income-tax returns by non-corporate assessees has taken off in a big way going by the number of returns received by the tax department till July 31. Although e-filing was only optional for ... More

EXPORTS & IMPORTS
Spices exports increase 36% in value terms
Exports have increased to 1,11,420 tonnes valued at Rs 967.30 cr More

NATURAL CALAMITIES
Bihar floods hit Concor’s direct services
Between Kolkata and Birganj ICD More