The Hindu Business Line : Tuesday, August 12, 2008

INDUSTRY & ECONOMY

REGULATORY BODIES & RULINGS: Idea may take Rs 350-cr hit on Spice equity buy
DoT won’t refund fee for surrender of licences. New Delhi, Aug. 11 Aditya Birla Group-backed Idea Cellular may lose as much as Rs 350 crore if it wants to fructify its proposed acquisition of equity stake in Spice Communication. ...

PETROLEUM: Chaturvedi panel favours differential pricing for diesel
Moots auto fuel hike, phasing out of cooking fuel subsidy. The high-powered committee on financial position of oil companies headed by Mr B K Chaturvedi, while proposing a constant price hike on auto fuels over a period, has also suggested a ...

EVENTS: Products sector has huge growth potential: Nasscom
Annual revenue seen at $12 b by 2015; roadmap being drawn. Bangalore, Aug. 11 Indian software product companies would have aggregate annual revenue between $9.5 billion and $12 billion by 2015, compared with $1.4 billion in 2008, according to ...

FERTILISERS: Urea policy to open up new opportunities
Only players with resources to expand. The new investment policy for urea announced last week has the potential to sharply improve realisations and open up new growth opportunities for domestic manufacturers of the fertiliser. ...

ECONOMY: Don’t’ lose focus of basic issues: Amartya Sen
Domination of social agitations tend to dwarf real concerns. New Delhi, Aug. 11 Nobel Laurete Prof. Amartya Sen today cautioned against the emerging domination of new social agitations in India as they squander the focus on addressing ...

DISINVESTMENT: Oil India public offer likely in October
Board meet today to include new directors, discuss IPO. The tentative decision on IPO timing follows the recent approval by the Centre for appointing six new independent directors on board and conform to clause 49 of the listing agreement. ...

ELECTRICAL GOODS: Are Chinese power equipment suitable for India?
Sagardighi incident raises more questions. Chennai, Aug. 11 After the collapse of the turbine blades at the Sagardighi thermal power station in West Bengal, the big question in the power sector has resurfaced — are Chinese power ...

SOCIAL WELFARE: AP Govt hopes to complete land regularisation in three months
Collect nearly Rs 250 cr; move to benefit slum dwellers. Hyderabad, Aug. 11 The Andhra Pradesh Government hopes to complete the regularisation of encroached Government land as per its order 166 in the next three months and collect close to Rs ...

RADIO/TV: Bhojpuri entertainment channel
Mahuaa Media Private Ltd, an associate company of Century Communication Group, has launched the country’s first 24-hour free-to-air general entertainment Bhojpuri channel Mahuaa TV. Speaking on the occasion Mr P.K. Tewari, Chairman and ...

MEDICAL INSTITUTIONS & HOSPITALS: Medical genetics unit set up at NIMS
The Nizam’s Institute of Medical Sciences (NIMS) and the Centre for DNA Finger Printing and Diagnostics (CDFD) have set up medical genetics unit in the NIMS premises here. ...

NRIS: South Indian Bank’s special NRE account
Kochi, Aug. 11 South Indian Bank has launched a premium savings bank (SB) account called NRE Savings-Diamond Account for customers who maintain high average balance in their SB accounts. ...

HEALTH: Training in safe injection practices
Thiruvananthapuram, Aug. 11 The Kerala branch of the Indian Academy of Paediatrics and medical technology company BD (Becton, Dickinson and Co) have signed an MoU to offer training programmes in ‘safe injection practices’ for ...

REAL ESTATE & CONSTRUCTION: Matheran Realty coming up with low-cost housing project near Mumbai
Mumbai, Aug. 11 The stage is probably set for realtors to take a fresh look at the bottom of the pyramid to weather waning demand rather than at the high-end super luxury offerings they churn out in ...

HEALTH: HUL, Apollo to launch health awareness programme
Hyderabad, Aug 11 FMCG major Hindustan Unilever Ltd (HUL) has teamed up with Apollo group of hospitals to launch a health awareness programme that targeting one lakh students in Tamil Nadu, Karnataka and Andhra ...

TRADE & LABOUR UNIONS: Operations at Bengal tea gardens at a standstill
Normal operations in West Bengal’s 280 tea gardens scattered over Darjeeling hills and Dooars and Terai regions came to a halt on Monday as more than three lakh workers employed in these gardens observed a strike in protest against the ...

INDUSTRY ASSOCIATIONS: Seminar on weights and measures tomorrow
Coimbatore, Aug. 11 A seminar on Weights and Measures Act and Packaged Commodities Rules is being organised in Coimbatore to educate the trade and industry about the latest guidelines issued by the ...

REAL ESTATE & CONSTRUCTION: Naiknavare hands over 237 flats under Bharat Pattern project
Pune, Aug. 11 Pune-based real estate developer, Naiknavare Developers Pvt Ltd, has handed over 237 flats in the Hadapsar area to the Pune Municipal Corporation (PMC), free of cost. ...

ELECTRICAL GOODS: Rising fuel costs causing worries to new power projects
Hyderabad, Aug 11 Shortage of equipment suppliers, spiralling fuel prices and rising input costs are among the key areas of concern with the potential to impact the projected capacity addition in the country’s power sector, according to ...

PHARMACEUTICALS: Aurobindo anti-infective injection
Aurobindo Pharma Ltd has received final approval from the US Food and Drug Administration (US FDA) for cefazolin injection in 500 mg/vial and one gm/vial. The injection is under anti-infective segment and the generic equivalent to the drug ...

INFRASTRUCTURE: ‘Kolkata, Chennai airports modernisation from Sept’
New Delhi, Aug. 11 The proposed modernisation of Kolkata and Chennai airports will mostly begin next month, with the detailed project report for both having been submitted to the Government for its approval, the Minister for Civil Aviation, Mr ...

STEEL: No reprieve for steel makers
Price freeze extended, margin pressure may persist. Steel producers who have been grappling with rising input costs and increasing costs of borrowing may have to forego price increases on their products for some more time. ...

TRADE & LABOUR UNIONS: Kerala staff to join Nabard strike
Employees of the Kerala regional office of the National Bank for Agriculture and Rural Development (Nabard) will join the national strike, to be held on August 20, according to a press release issued by the Nabard Employees’ Association, ...

EDUCATION: ‘Many UK schools accept TOEFL’
More than 135 top educational institutions in the UK — including the University of Cambridge, Imperial College London and the London School of Economics — accept TOEFL test scores, according to Educational Testing Service. According ...