The Hindu Business Line : Friday, February 01, 2008

FOREIGN TRADE
Kamal Nath for strengthening economic ties with Mauritius
New Delhi, Jan. 31 The Union Minister for Commerce and Industry, Mr Kamal Nath, has called for a greater economic engagement between India and Mauritius, when Mr M.M. Dulloo, Minister of Foreign Affairs, International Trade and Cooperation, ... More

PETROLEUM
Petro product sales in December up 4%
New Delhi, Jan 31 Increase in diesel consumption, which accounts for nearly a third of the domestic petroleum product sales, propelled a 4 per cent increase in the sale of oil products in December. Driven by the auto fuels — petrol and ... More

ONGC may give up 2 CBM blocks in western region
Kolkata, Jan 31 ONGC may relinquish two coal bed methane blocks at Wardha (WD-CBM-2003/II) and Satpura (ST-CBM-2003/II) in Maharashtra and Madhya Pradesh respectively, according to sources. Both were awarded in CBM-II and are fully held ... More

TAXATION
2 Additional Solicitors General appointed to deal with tax cases
New Delhi, Jan 31 The Finance Minister, Mr P. Chidambaram, on Thursday said that two Additional Solicitors-General have been appointed to exclusively deal with direct and indirect tax-related cases in the Supreme Court and also certain ... More

AP asks for 1% agri cess on tobacco crop
Hyderabad, Jan. 31 The Andhra Pradesh Government will convene a meeting with officials of the Tobacco Board and traders on February 2 to thrash out the issue relating to agricultural cess on the tobacco crop, and the State’s ... More

SSI
SMEs demand for credit rating on the rise
Chennai, Jan. 31 Since its inception in September 2005, the SME Rating Agency of India Ltd (SMERA) has credit rated 1,400 small and medium sized companies, SMERA’s Chief Executive Officer, Mr Rajesh Dubey, said on Thursday.The ... More

SEBI hopeful of setting up an exchange for SMEs this year
Regional exchanges unlikely to be given the responsibility More

CARS
India, China rev up BMW’s Asia-Pacific sales
Tokyo, Jan. 31 India and China continued to drive the growth of BMW AG’s Asia-Pacific sales in 2007, the luxury car maker said here on Friday. India posted the highest pace of growth in the region at 1,387 units during April-December, ... More

REAL ESTATE & CONSTRUCTION
KNR Constructions fixes IPO price at Rs 170
Hyderabad, Jan. 31 KNR Constructions Ltd, an infrastructure project development company, has fixed the issue price at the lower end of the price band at Rs 170 per equity share for its initial public offering of 78.74 lakh equity shares of Rs ... More

Santhimadom announces 2 projects in Guruvayur
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Atmosphere launches luxury home projects in Chennai
Chennai, Jan. 31 Atmosphere Lifestyle Homes Pvt Ltd, floated by one of the promoters of the Chennai-based Vijay Shanthi Builders Ltd Mr Naresh Jain, hopes to cater to the super luxury segment of apartment buyers.Announcing two Chennai ... More

FOREIGN DIRECT INVESTMENT
CPI (M) opposes easing of FDI norms
New Delhi, Jan. 31 The Communist Party of India (Marxist) has opposed the recent decision by the Government to liberalise foreign direct investment norms in a couple of sectors.“The decision to raise the foreign equity cap from 26 ... More

ENTREPRENEURSHIP
AP gesture to entrepreneurs
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EXPORTS & IMPORTS
Railways exports diesel multiple units to Angola
New Delhi, Jan 31 In the first-ever export of Indian manufactured Diesel Multiple Units (DMUs), Indian Railways has dispatched DMU coaches to Angola. For exports

The fifteen DMU coaches, six each for two ... More

TOURISM
Pratibha Patil to flag off Golden Chariot tomorrow
Bangalore, Jan. 31 The Golden Chariot will soon be on the rails, traversing tourist destinations in Karnataka and Goa. The luxury train will be formally flagged off by the President, Ms Pratibha Patil, on February 2.“The Golden ... More