The Hindu Business Line : Monday, March 17, 2008

URBAN DEVELOPMENT
MMRDA gets Rs 6,643 cr for major projects
Mumbai, March 16 The Mumbai Metropolitan Region Development Authority was sanctioned a budget of Rs 6,643 crore for the fiscal 2008-09. The Maharashtra Chief Minister, Mr Vilasrao Deshmukh, sanctioned the amount. Major projects for ... More

BUDGET
IT cos’ demand for SEZ space rising, post-Budget
Non-extension of software technology park benefits More

ECONOMY
The US blame game, and beyond
More

ENGINEERING
Designing an Audi, from clay
Recently in Ingolstadt, Germany They have some of the most sophisticated gadgets — radar on the side mirror that warns the driver when he is banking a curve so sharply that the vehicle is likely to collide against another in the adjacent ... More

FOREIGN TRADE
COMMODITY COMMENTARY
Contradictions in foreign trade policy need to be explained
Even within the framework of a liberalised foreign trade environment, one is left wondering whether there is any broad but definite logic to changes in the export/import policy. It is becoming increasingly difficult to fathom the rationale ... More

INFRASTRUCTURE
Good response to Tirunelveli IT SEZ
Chennai, March 16 The 400-acre IT SEZ at Gangaikondan, near Tirunelveli, has evoked encouraging response from the industry. Companies such as Hexaware, US Technologies and Sutherland, have asked for land. About 150 acres are ready to be ... More

‘Madurai needs to build up strategic importance’
Madurai, March 16 Madurai should gain strategic importance to attract more investments, according to Mr M.M. Murugappan, Managing Director, TI Cycles (Chennai). Madurai has both the potential and resources, but concerted efforts are ... More

TAXATION
Centre on course to meet indirect tax mop-up target
New Delhi, March 16 The Centre’s indirect tax collections have touched Rs 2,21,376 crore upto end-January this fiscal. This represents almost 80 per cent of the Budget estimate of Rs 2,78,013 crore for indirect taxes in ... More

TEXTILES
Garments import from Bangladesh a significant step
Chennai, March 16 The Union Government last week cleared a proposal to allow imports of eight million pieces of garments from Bangladesh.The imports would be duty-free and without any hamstring conditions. For example, there is no ... More

Textile units unhappy over peak-hour power curbs
Coimbatore, March 16 The restriction on power supply between 6 and 10 p.m. will severely affect industrial production and jobs, the South India Small Spinners Association (Sisspa) has said.Already faced with recessionary conditions, the ... More

Textile policy to give thrust to job creation in Bengal
Rs 100-cr hosiery park project coming up in Howrah dist More

TYRES
‘Margins for tyre manufacturing sector may come down in 2008-09’
Kolkata, March 16 Unless there is a dramatic revision in prices of crude oil and natural rubber, the margins for tyre manufacturing sector may come down in 2008-09, according to Mr Paras Chowdhury, Managing Director of Ceat Ltd. ... More

EDUCATION
Hyderabad, French varsities in pact
Hyderabad, March 16 The University of Hyderabad (UoH) has entered into a memorandum of understanding with Universite’de Bretagne-Sud (UBS) to coordinate and collaborate in research and academic programmes, a press release issued here ... More

MEDICAL INSTITUTIONS & HOSPITALS
Medica Synergie plans super specialty hospitals in Kolkata, Asansol
More

REAL ESTATE & CONSTRUCTION
Olympia plans Rs 700-cr residential project at Navalur
Chennai, March 16 The Chennai-based Khivraj Group, among the promoters of the Olympia Group, has announced Olympia’s first residential project near Chennai.The Rs 700-crore project, Olympia Opaline, coming up at Navalur on Old ... More

INDUSTRY ASSOCIATIONS
New Chairman for CII Madurai
Mr R. Dinesh, Executive Director, TV Sundram Iyengar & Sons Ltd, has been elected the Chairman, CII (Confederation of Indian Industry) Madurai Zone for 2008-09, according to a press release. Mr Bharath Krishna Sankar, Chairman and Managing ... More

SCIENCE & TECHNOLOGY
Public-funded research may pay dividends for scientists
Mumbai, March 16 Scientists may not be the best negotiators, when it comes to converting their inventions into commercial products. But the Centre is set to change this through a research and intellectual property-related (IP) Bill that seeks ... More

Unravelling the mysteries of science
Hyderabad, March 16 “The Lie detector is a myth. It is more likely to catch the innocent.“One bad teacher at school is enough to turn away scores of students from science.“The human brain is wired to tell and ... More

HUMAN RESOURCES
Australia woos skilled workers from India
Hyderabad, March 16 With a view to attract skilled workers from abroad, South Australia has made the migration system easier and simpler and Indian skilled workers are welcome, according to Mr Mike Rann, Premier of South ... More

‘An exciting but tough time for Indian business’
Chennai, March 16 The current business environment in India is going through both exciting and tough times. The changes and the consequent challenges of globalisation have proved that in addition to quality and cost, creativity and innovation ... More

ENTERTAINMENT & LEISURE
Entertainment, media industry in steady growth phase: FICCI-PwC report
New Delhi, March 15 The Indian entertainment and media industry is estimated to touch Rs 1,15,700 crore by 2012 with a compounded annual growth rate of 18 per cent between 2008-12, according to a latest report by FICCI and ... More

EXPORTS & IMPORTS
Japanese import of Indian shrimp declines
Fears over presence of anti-biotics affect market sentiment More