The Hindu Business Line : Thursday, September 06, 2007

CEMENT
Rains hit production at Ambuja Cements
Mumbai, Sept 5 The production and dispatches of Ambuja Cements, which is on the verge of being taken over by Swiss cement major Holcim, were affected in August by monsoon.The company shut its operations at Ambujanagar on August 8 due to ... More

ECONOMY
Unctad: Imbalances pose risk to global growth
Forecasts Indian economy to grow at 8.5% this year More

‘India will emerge among top 3 economic powers in 25 yrs’
Don’t protect legacy technologies, says Intel Chairman More

ENVIRONMENT
India leads in CDM project rejections
New Delhi, Sept. 5 When it comes to carbon trading through the UN’s clean development mechanism (CDM), India does not just lead in the number of projects registered, it also has the maximum number of rejections – i.e., those ... More

FOREIGN TRADE
China’s new corporate tax code to spur foreign investments
Tax rate to be cut to 25% from 33% More

HEALTH
UI to withdraw mediguard insurance policy
Kochi, Sept. 5 The public sector general insurer United India Insurance Co Ltd would be withdrawing its ‘mediguard’ health insurance policy with effect from September 15, according to company sources. After this date, there ... More

Med Vista launches school healthcare programme
Kochi, Sept 5 Med Vista Healthcare Solutions India Pvt Ltd is introducing a school healthcare programme here to address the need for professional healthcare analysis and special education among school children. The programme, which is ... More

HOTELS
Ginger hotel in Agra soon
Mumbai, Sept. 5 The city of Taj Mahal, Agra could see a Ginger Hotel soon. Speaking to Business Line, Mr Prabhat Pani, CEO of Ginger hotels, said, “We are keen on the city given the tourism potential and fair amount of commerce ... More

INFRASTRUCTURE
Sobha-Puravankara consortium bids for Dharavi project
Maharashtra Govt receives EoIs from 26 consortia More

PSU
IPO: OIL to decide on lead managers soon
New Delhi, Sept. 5 Oil India Ltd (OIL) hopes to firm up the lead managers for its initial public offer (IPO) shortly. “The company has invited all the major merchant bankers to apply and we hope to take a decision by next ... More

POWER
PowerGrid may spin off telecom business
Kolkata, Sept. 5 Power Grid Corporation of India Ltd (PGCIL) may spin off its telecom business into a subsidiary in the long run. The business is expected to break even with a turnover of approximately Rs 100-120 crore in 2007-08, two years ... More

Tamil Nadu likely to get two ultra power projects
Central team will visit locations to identify sites More

TRAVEL & PLACES
UK visa seminar in Bangalore
The British Council will be holding a seminar on student visa in Bangalore through a videoconference on September 10 from the Council’s office in Chennai to help students who have secured admissions in the UK institutions for the September ... More

TYRES
Tyre exports register marginal growth
‘Rupee appreciation had impact on value’ More

WATER
Deep trouble
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COAL
Regulatory authority for coal sector mooted
The regulatory functions of the Ministry of Coal and the coal companies would have to be handed over to the new regulatory authority. More

MANAGEMENT
Stress on role of finance professionals in management
Kolkata, Sept. 5 Successful organisations do not let complacency creep in and ruin the results of their accomplishments. A finance professional’s job, aimed at enabling the organisation he or she is working for, is to prevent such ... More

EDUCATION
Cesar Ritz, Good Shepherd offer twinning programme
Kochi, Sept. 5 The Good Shepherd International School of Ooty has joined hands with Cesar Ritz Colleges, Switzerland, to offer three-year twinning programme in international business in hotel and tourism management. Addressing a press ... More

Wipro Mission 10X launched
Bangalore, Sept. 5 Mr Azim H. Premji, Wipro Chairman, who has been championing the cause of quality education, announced on Wednesday the launch of Wipro Mission 10X to address skills shortage affecting the IT industry’s ... More

REAL ESTATE & CONSTRUCTION
Indiramma housing scheme enters 2nd phase
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Building boom
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Manjooran Housing project
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INDUSTRY ASSOCIATIONS
CII team attending Dalian meet
A 80-member delegation from the Confederation of Indian Industry will participate in the World Economic Forum’s inaugural annual meeting of the New Champions in Dalian, China, from September 6-8. The delegation comprises CEOs of major ... More

FOREIGN DIRECT INVESTMENT
French financial firm’s plan among 17 FDI proposals cleared
French firm Sogeparticipations’ plans to set up a wholly owned subsidiary to offer portfolio management services and investment advisory services with foreign investment inflow of Rs 205.8 crore was amongst 17 FDI proposals cleared by ... More

IPR
TVS, Bajaj honchos meet at SIAM sidelines
No fondness for litigation: Rajiv Bajaj More

SOCIAL WELFARE
The redevelopment plan
The redevelopment of Dharavi slums includes rehabilitation of 57,000 slum families and businesses, and development of 30 million sq ft of facilities such as educational institutions and hospitals besides space for housing the families, and ... More

RURAL DEVELOPMENT
Nabard may lend to IT project in Kerala
Under RIDF funding More

EVENTS
‘Organised retail needs to involve small store owners’
Mumbai, Sept. 5 The second day of the India Retail Forum debated the need for organised retail to go hand-in-hand with the traditional single store formats. Mr Suresh Prabhu, Shiv Sena MP and former Union Power Minister, said: “The ... More

Modi leaves for China to attend WEF meet
Ahmedabad, Sept 5 The Gujarat Chief Minister, Mr Narendra Modi, today left for China along with a 21-member delegation to participate in the three-day meet of the World Economic Forum (WEF) to be held from tomorrow. The State Government ... More

EXPORTS & IMPORTS
Curbing DEPB misuse: Export valuation rules soon
New Delhi, Sept. 5 The Finance Ministry plans to soon come up with export valuation rules to ensure that there is no misuse of existing duty entitlement passbook (DEPB) or drawback schemes and also to curb money laundering through merchandise ... More

Tyre exports register marginal growth
‘Rupee appreciation had impact on value’ More

HC quashes DGFT order
Ban on milk powder exports More

Pak mills get stay against Indian sugar imports
Order based on 1996 report showing higher sulphur di-oxide content More

Assocham estimate on exports
The export of gems and jewellery and readymade garments will fall short of the target for the current fiscal by at least Rs 20,000 crore an account of the rupee strengthening, according to industry chamber Assocham. The figures of the two ... More

TOURISM
Kerala plans eco-tourism project in Malabar area
Thiruvananthapuram, Sept. 5 The Kerala Government is planning to launch an eco-tourism project covering the northern districts of the State. The Minister for Home Affairs and Tourism, Mr Kodiyeri Balakrishnan, said in the State Assembly ... More

Tread carefully!
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STANDARDS & BENCHMARKS
Tapioca growers seek transparency in sample testing
Members of the United Farmers Association in Salem have urged for greater transparency in the analysis of the chemical properties such as the presence of the hydrocyanic acid content in sago/starch as it is agitating both the sago factories ... More