The Hindu Business Line : Wednesday, September 17, 2008

INDUSTRY & ECONOMY

PETROLEUM: Are LPG variant cars losing cost advantage?
LUKEWARM OFFTAKE. New Delhi, Sept. 16 Car makers’ efforts to boost the sale of liquefied petroleum gas (LPG) variants may just become more challenging, with the LPG price rising nearly in the same proportion as that of petrol. Auto ...

AUTOMOBILE COMPONENTS: Mamata softens stand on ancillary units in Singur
Kolkata, Sept. 16 The future of the Tata Motors small car project in Singur continues to remain uncertain even as Trinamool Congress leader Ms Mamata Banerjee conceded on Tuesday that she would have no objection to ancillary units being set ...

STEEL: Fall in industrial metal prices to help steel, construction industry
Base metals under pressure on Lehman collapse. Mumbai, Sept. 16 The fall in prices of industrial metals such as copper, zinc, aluminium, lead and nickel is likely to benefit steel, construction, electrical equipment, cable and battery ...

POWER: India-France nuclear ties may get a boost
Both countries likely to sign pact in civilian nuke energy. The Indo-French nuclear cooperation would get a shot in the arm when the Prime Minister, Dr Manmohan Singh, goes to France at the end of this month for a bilateral meeting, with both ...

ECONOMY: ‘States will submit joint memo to finance panel’
General demands will be listed out, says Kerala Minister. Kochi, Sept. 16 The Kerala Finance Minister, Dr T.M. Thomas Issac, has said that a joint memorandum by various States listing general demands will be submitted to the 13th Union Finance ...

PETROLEUM: Deora rules out any fuel price cut now
‘Will be considered if Indian crude basket goes below $67’. New Delhi, Sept. 16 Fuel consumers may have to wait for some time before there is any cut in retail selling prices of these ...

REAL ESTATE & CONSTRUCTION: ‘Cluster model’ to redevelop Mumbai’s old buildings
State to constitute committee of experts to identify them. The Maharashtra Government has decided to further facilitate the ‘cluster model’ of redevelopment for the 19,000-old and dilapidated buildings in ...

BANKING AND FINANCE: Govt plans fisheries varsity
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COAL: Regional clean coal partnership
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MINERALS: Iron ore exporting cos to go in for a higher price from importers
To cushion the impact of export levy and spurt in freight cost. New Delhi, Sept. 16 The major companies exporting iron ore from the country, MMTC and the National Mineral Development Corporation (NMDC), would go in for a higher realisation from ...

URBAN DEVELOPMENT: Vizag corpn to float bonds soon
Visakhapatnam, Sept. 16 The Greater Visakhapatnam Municipal Corporation is getting ready to float bonds worth Rs 100 crore by the end of the month to finance some of its projects taken under the Jawaharlal Nehru National Urban Renewal ...

TAXATION: HC sets aside CST assessment orders for not allowing personal hearing of assessee
Chennai, Sept. 16 Two Central sales tax assessment orders of the Commercial Tax Officer (CTO), Srirangam Assessment Circle, in respect of a Tiruchi steel unit, were set aside by the Madurai Bench of Madras High Court as the CTO had refused ...

DISINVESTMENT: Andrew Yule to complete jt venture divestment by March
Plans re-launch of packet tea brands. Kolkata, Sept. 16 Andrew Yule and Co Ltd, a central PSU, hopes to complete divestment of its belting joint venture, Phoenix Yule Ltd, and power utility, DPSC Ltd, by March, 2009. The disinvestment process is ...

TRADE & LABOUR UNIONS: Trade union moots scrapping income ceiling on bonus
Visakhapatnam, Sept. 16 The Indian National Trade Union Congress (INTUC) wants the Union Government to amend the Bonus Act to remove the income ceiling and is hopeful of a positive response from the Government in a few months, before the ...

SCIENCE & TECHNOLOGY: ‘Work on to transmit data via quantum mechanics’
Hyderabad, Sept. 16 Scientists across the world are working on developing a system to transmit information in a secure way by using quantum mechanics, according to Prof Claude Cohen-Tannoudji, the 1997 Nobel Laureate in ...

ECONOMY: ‘Indian SEZ schemes offer best competitive package’
The Union Commerce and Industry Minister, Mr Kamal Nath, today said that as India is one of the engines of the global economy and emerging as a major investor destination, India’s special economic zone (SEZ) schemes offer the ...

PETROLEUM: Airline body seeks DGFT nod to import turbine fuel
New Delhi, Sept 16 In a move that will allow airlines to get aviation turbine fuel (ATF) at lower prices, the Federation of Indian Airlines has approached the Directorate-General of Foreign Trade (DGFT) to import fuel for domestic airlines, ...

INFRASTRUCTURE: ‘Global crisis may not impact infrastructure growth’
Hyderabad, Sept. 16 The global financial crisis, which resulted in the collapse of giants such as Lehman Brothers, may not have an immediate impact on the Indian infrastructure sector, according to experts at the infrastructure summit ...

EVENTS: Industrial expo in Hyderabd from tomorrow
Hyderabad, Sept. 16 The Micro, Small and Medium Enterprises Development Institute (MSME-DI), in association with the Andhra Pradesh Department of Industries and Commerce, is organising a four-day National Industrial ...

REAL ESTATE & CONSTRUCTION: Pan Atlantic invests $10 m more in Sobha Developers’ SPV
Bangalore, Sept 16 The Dubai-based Pan Atlantic LLC has invested an additional $10 million to increase its stake by 30 per cent to 70 per cent in the special purpose vehicle floated by Sobha Developers for its residential project in ...

CEMENT: Cost pressure to ease for cement manufacturers
Falling coal price to improve operating margins. The recent fall in coal prices may bring some relief to the margins of cement companies, compared to the preceding quarters. Having taken cues from falling oil prices, global coal prices have ...