The Hindu Business Line : Thursday, December 13, 2007

INFRASTRUCTURE
Transport projects ‘biggest recipient’ of ADB loans
Asian Development Bank (ADB) expects transport projects to remain as the largest recipient of loan amounts in India during 2008-10, the period for which it has drawn a country operations business plan.“Transport projects will ... More

PETROLEUM
OIL gearing up for IPO
In the final stages of preparing draft prospectus More

POWER
Power Grid pulls out of race for Philippines grid
New Delhi, Dec. 12 Power Grid Corporation India Ltd (PGCIL) pulled out of the race for operating the Philippine national power grid and did not place a bid for taking over the State-owned transmission venture. The mandate was bagged by ... More

EDUCATION
EFL University seeks 200 acres from Govt
Hyderabad, Dec. 12 The English and Foreign Languages (EFL) University has requested the State Government to allot 200 acres of land in view of the massive expansion plans.The Hyderabad-based Central University had also requested the ... More

Indus schools to expand network
Hyderabad, Dec. 12 Mr Kumar Malavalli, a member of Silicon Valley Hall of Fame and founder of Brocade Communications, and Ms Nandini Ramalinga Raju have come together to set up the third Indus International School in India here. They plan to ... More

PSG College MoU with ICICI Bank
With the banking industry in increasing need of trained professionals, the Department of Commerce, PSG College of Arts and Science, Coimbatore, is launching a training programme for students in association with the ICICI Bank. The training ... More

ELECTRICAL GOODS
Transformers & Rectifiers, BGR Energy IPOs see strong response
Transformers and Rectifiers (India) Ltd, manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, was subscribed a ... More

REAL ESTATE & CONSTRUCTION
Realty: High prices pushing business to smaller towns
Affordability key issue for sector’s sustained growth More

Chennai land prices ‘overheating’
Property prices in Chennai are `overheating’ in pricing throwing up questions of sustainability and viability, according to Mr Irfan Razack, Managing Director, Prestige Estate Pvt Ltd. Addressing a meeting of Tamil Nadu-based real estate ... More

KPMG-CII study seeks draft land policy for Bengal
To identify industry areas, rationale, compensation modes More

IL&FS’ realty fund collects $578 m
Mumbai, Dec. 12 IL&FS Investment Advisors LLC, a 100 per cent subsidiary of IL&FS Investment Managers Ltd, has announced the first close of IL&FS India Realty Fund-II at $578 million, with a final close target of $750 million. ... More

RURAL DEVELOPMENT
‘No frills’ lets them in; but real gains yet to flow
FINANCIAL INCLUSION More

Kerala achieves total financial inclusion
Thiruvananthapuram, Dec. 12 The total financial inclusion drive in Kerala, which reached the goal by September-end this year, has seen as many as 12.70 lakh new savings bank accounts being opened in the State.The drive, which aimed at ... More

EVENTS
Industries must set store by safety measures
Tiruchi, Dec. 12 Industrial concerns should insist that their employees follow safety procedures strictly, the Joint Chief Inspector of Factories, Mr P. P. Janardhanam, has said. Speaking at a function to inaugurate the 39th batch of ... More

Management Bar Camp
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INCOME TAX
‘Pay advance tax before deadline’
Hyderabad, Dec. 12 The Income Tax Department has asked all the eligible assessees to pay their Advance Tax before the December 15 deadline. “We advice them to pay still before, keeping in mind the deadline being a Saturday,” Mr S ... More

EXPORTS & IMPORTS
Software export target well on track: Nasscom
Bangalore, Dec. 12 Despite the rapidly rising rupee, the Indian IT industry is well on track to achieve its software export target of $60 billion by 2010. Speaking to reporters here at the Nasscom IT Leadership Summit, Mr Kiran Karnik, ... More