The Hindu Business Line : Saturday, July 26, 2008

INDUSTRY & ECONOMY

TERRORISM: Serial blasts shock Bangalore
IT firms beef up security measures; normal working at most places. Bangalore, July 25 A series of low-intensity blasts rocked southern and central parts of Bangalore, momentarily stopping the city on its tracks on Friday afternoon. The eight ...

TERRORISM: Sensex trips 500 points
Sharper decline after the blasts. Mumbai, July 25 The stock market which opened weak on Friday was driven to a steeper decline on news of the Bangalore bomb ...

RURAL DEVELOPMENT: DoT offers sops to operators for rural rollout
Move intended to give a boost to e-governance and reduce digital divide. New Delhi, July 25 In a bid boost rural telephony, the Government has decided to give financial incentives to operators who roll out services in rural areas. The ...

TAXATION: ‘Govt hopes to mop up more resources from service tax’
Target for current year set at more than Rs 64,000 crore. The Government hopes to mop up more resources from the service tax, according to Mr P.C. Jha, Chairman of Central Board of Excise and Customs. “The service sector contributes to ...

INDUSTRY ASSOCIATIONS: Stress on organised growth of manufacturing sector
Hyderabad, July 25 The growth of the manufacturing sector in an organised way is a necessary condition for balanced growth of economy, said Ms J. Geeta Reddy, Minister for Major Industries, Government of Andhra ...

ECONOMY: ‘A lot can be done on reform front in the remaining period’
Concerted efforts needed for fast-track implementation. New Delhi, July 25 The Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, is confident that a lot could be done in a period of eight to nine months in carrying forward the ...

EXPORTS & IMPORTS: Norms to calculate forex eased for EoUs facing export curbs
New Delhi, July 25 Export oriented units (EOUs) that were finding it difficult to meet positive net foreign exchange (NFE) earnings within a specified span due to a ban or export duty imposed on their export product have cause for cheer. ...

EXPORTS & IMPORTS: 100% EOUs eligible for duty cuts on imported raw materials: HC
Chennai, July 25 The Madras High Court has held that the notification No 13/Customs-81 dated September 2, 1981 of the Union Ministry of Finance exempting from payment of customs duty the imported raw materials, components, packing materials, ...

POWER: Industrial belt in Pune facing power shortage
Pune, July 25 The lack of rainfall in the State is now a cause for worry for the industrial belt in Pune as it is now having a 24-hour power shutdown. The shutdown begins on Thursday morning at six and is restored only on Friday at six in the ...

ECONOMY: Markets this week
Amid hectic political activity in the Capital, the markets on Monday closed on a cautiously optimistic note ahead of Tuesday's crucial confidence vote. Given the fluid political situation, expectation was that the markets would close in the red. ...

ECONOMY: FICCI submits agenda to PM to boost investments
New Delhi, July 25 The Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday submitted a report to the Prime Minister, Dr Manmohan Singh, that recommended an agenda for the Government for the next 100 days. ...

INFRASTRUCTURE: Work on NHPC Teesta project to resume
Gangtok, July 25 After one and a half months of shut down, the Teesta Stage V power project at Singtam is set to resume ...

NON-CONVENTIONAL ENERGY: Shriram EPC sees big revenues from renewable energy sector in 2 years
Scouting for investors to grow biomass power biz. Chennai, July 25 Shriram EPC sees the renewable energy sector, particularly wind and biomass power, as a significant area of growth. The company’s joint venture for manufacturing wind ...

INFRASTRUCTURE: HC issues notices to GIDC on SEZ
Panaji, July 25 The Bombay High Court at Panaji on Thursday issued notices to the State-owned Goa Industrial Development Corporation (GIDC) in response to the petitions filed by the promoters of three non-notified special economic zones (SEZs) ...