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Tuesday, August 26, 2008
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INDUSTRY & ECONOMY

PETROLEUM: Industrial users must pay more for diesel: Oil marketing cos
New Delhi, Aug. 25 Industrial users of diesel may end up paying a little over Rs 22 for the product compared to retail customers if the proposal of the public sector oil marketing companies (OMCs) finds its way. ...

INCOME TAX: Labour Ministry notice to Huawei on employment of Chinese
Working without proper permits, not paying applicable I-T. New Delhi, Aug 25 The Ministry of Labour and Employment has sent a notice to the Chinese telecom equipment manufacturing firm Huawei for allegedly employing a large number of Chinese ...

URBAN DEVELOPMENT: Govt plans urban transport fund for Pune region
To address mushrooming transportation problems. Mumbai, Aug. 25 The Maharashtra Government is planning a Rs 2,600-crore urban transport fund for the Pune region. The fund will address the burgeoning transportation problems in the ...

STEEL: Buddhadeb calls for more downstream steel units
Reiterates demand for a national policy on iron ore. The Chief Minister of West Bengal, Mr Buddhadeb Bhattacharjee, said on Monday that the setting up of downstream units in the steel sector would help create jobs for the unemployed youth in ...

EVENTS: ICCI to hold meet on exports


ECONOMY: Chidambaram to meet ‘select group’ of CEOs
Assessment of state of industry and its performance. New Delhi, Aug 25 Amid concerns of slowdown in industrial growth in an environment of hardening interest rates and high inflation, the Finance Minister, Mr P. Chidambaram, will meet a ...

SSI: Delayed payments dog TN small industries
Chennai, Aug. 25 The problem of not being paid on time for their products or services is often regarded as the single largest hurdle faced by the small industries. ...

HOTELS: Marriott’s India operations outpacing US, Asia
Deals to operate 24 more hotels here signed. Mumbai, Aug. 25 India has outpaced both US and Asia in terms of growth for the $20-billion US-based hospitality giant Marriott International Inc. ...

FOREIGN DIRECT INVESTMENT: FDI set to touch $40 billion this year
India would be able to attract the same proportion of foreign direct investment in the second half of the current calendar year as it recorded in the first half. ...

CARS: Tata Motors plans to launch next gen Indigo, Safari
New Delhi, Aug. 25 Tata Motors has chalked out plans to launch an array of next generation models for the domestic market, with simultaneous strategy to boost the presence of its newly acquired brand Land Rover in different parts of the ...

EDUCATION: Indus School opens in Hyderabad
Hyderabad, Aug. 25 Indus International School, promoted by the Indus Trust, has opened its third campus here, after Bangalore and ...

POWER: IAA, TERI join hands ‘to light a billion lives’
Chennai, Aug. 25 The India chapter of the International Advertising Association (IAA) and The Energy & Resources Institute (TERI), headed by Dr Rajendra Pachauri, have embarked on a communications programme to create awareness about the ...

POWER: Titan Energy in long-term pact with US co Suniva
Hyderabad, Aug. 25 Titan Energy Systems Ltd has entered into a $480-million, long term supply agreement (up to 2013) with US-based ...

PETROLEUM: ONGC notifies 4 new discoveries; Rs 450-cr investment okayed
New Delhi, Aug. 25 The board of ONGC on Monday, while taking note of four new oil and gas discoveries, approved an investment of about Rs 450 crore to enhance its exploration and production ...

HEALTH: ‘ESI seen as ineffective health scheme’
Employee State Insurance (ESI) is seen as an ineffective health insurance scheme for the organised sector temporary employees. In a study by staffing solutions company, TeamLease Services, nearly 70 per cent of temporary employees view the ESI ...

EDUCATION: ‘Right time for students to enter biz world’
Tiruchi, Aug. 25 With India experiencing tremendous economic growth, the time is apt for students to get into the business world, Mr R. Ramaraj, Senior Advisor, Sequoia Capital, India, said initiating the BL Club activities at the Jamal ...

HUMAN RESOURCES: Cybernet SlashSupport centre
Cybernet-SlashSupport (CSS), a Chennai-based provider of technology support, software testing and development, has started a new centre inside the Madras Export Processing Zone at an investment of $4 million. This is CSS’ first expansion ...

SCIENCE & TECHNOLOGY: NGRI scientist wins medal
Dr Abhay Ram Bansal, scientist at the National Geophysical Research Institute (NGRI), here has been selected for the Krishnan Gold Medal for 2008. His contributions in the field of earth sciences and related areas have been recognised by the ...






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Markets (Aug 25)
Nifty (at close)4335.35(+7.90)
US Dollar (Buy/Sell)43.75/76
Brent crude (a bbl) Rs4,901
Gold (a gram) Rs1,094
Silver (a kg) Rs20,175


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In Focus
Remembering Ramachander

More

Other Top Stories
S&P launches India index for global investors

Banks seek ‘repo’ status for special govt bonds

FDI set to touch $40 billion this year

A point of no return?

The revival in agricultural growth

Airtel, RCom most congested networks

ONGC notifies 4 new discoveries; Rs 450-cr investment okayed

Looking back
Aug. 17-Aug. 23
High operating costs result in flat Q1 net for hotel industry

Companies bolster brand name by going green

SIDBI urged to disclose disbursement details

Coal e-auction: Cut in floor prices fails to boost sales

Bonds remain flat as inflation worry looms

Tyre sector’s share in rubber consumption set to increase

Seafood exports: Share of shrimps falls; frozen finfish records rise

Problems dog basmati rice export industry

Inflation or terms of trade adjustment?

No takers for fuel prices export parity regime

ONGC to reimburse service tax dues to shipping cos

TRAI seeks regulation over television content

Focus on preparing entrepreneurs to meet global challenges

‘Slowdown to have minimal impact on pay hikes in 2009’

Ministry sees scope for higher direct taxes share in overall tax kitty

10% ethanol blending unlikely by October

Bio-fuels to be brought under the ambit of ‘declared goods’

‘New entrants spoil the party for realty sector’



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