The Hindu Business Line : Friday, September 19, 2008

INDUSTRY & ECONOMY

FOREIGN DIRECT INVESTMENT: Indian editions of foreign news magazines allowed
Foreign direct investment capped at 26%. New Delhi, Sept. 18 In a departure from the existing norms, the Government on Thursday allowed Indian editions of foreign news and current affairs magazines stipulating a 26-per cent foreign direct ...

CEMENT: Fall in cement output helps companies hold prices
Production in August down 10.23% at 13.16 million tonnes. Mumbai, Sept. 18 The sharp fall in cement production in August seems to have helped companies hold the prices despite the slump in demand in ...

EXPORTS & IMPORTS: Quality fears grip tea sector as exports rise
Industry suspects soaring price could lead to adulteration. Chennai, Sept. 18 Tea exports up to July this year have topped the 100 million kg (mkg) margin. In normal circumstances, the industry should be happy after shipments fell last year by ...

EDUCATION: Mr Jairam Ramesh, Union Minister of State for Commerce, Industry and Power; SRM University
Chennai, Sept. 18 The Union Minister of State for Commerce and Industry and Power, Mr Jairam Ramesh, on Thursday called for more public funding in education. He said that a ‘public-funded, private-run’ model would be the ...

SOCIAL SECURITY: ESIC invites global bids for selecting service provider
Connecting all its offices, branches, hospitals through computer network. The Employees’ State Insurance Corporation (ESIC) recently floated a global tender to select a service provider who will connect all its offices, branch offices, ...

ECONOMY: Stress on creation of common Asian culture
Western model need not be followed ‘blindly’. Chennai, Sept. 18 Creation of a common Asian culture is important for regional stability and the emergence of a stable, multi-polar global economy, according to Prof Li Tao, Executive ...

TEXTILES: 3-pronged strategy for 16% growth in textile industry
Secretary focuses on Integrated Textile park scheme which is demand-driven. New Delhi, Sept. 18 The Ministry of Textiles is adopting a three-pronged strategy encompassing short, medium and long-terms to ensure that the textile industry registers ...

TOURISM: Financial crisis to affect inbound tourism
Mumbai, Sept. 18 The New Year and Christmas fervour in Goa and other foreign tourist destinations in India are likely to dampen this year, as a result of the financial crisis that has hit ...

POWER: NTPC planning to scale up nuclear power capacity
Plans to raise thermal generation by 22,430 MW. New Delhi, Sept. 18 Power major NTPC Ltd is looking to expand its planned nuclear power capacity beyond the original target in the wake of the recent lifting of the global embargo on nuclear trade ...

HUMAN RESOURCES: Logica expanding Chennai operations
To add around 1,300 employees over 18 months. Chennai, Sept. 18 Logica, the UK-based information technology and business service provider, plans to add around 1,300 employees in the next 18 months for its new software delivery centre in ...

HOTELS: ‘Responsible tourism’ to be theme of hoteliers convention in Shanghai
Bangalore, Sept. 18 Indian hotels are increasingly adopting ‘green’ practices not only for environmental performance, but also for profitability and reputation. The environment is clearly becoming a bottom-line issue, say ...

ENVIRONMENT: Import of waste should be banned: Heptulla
Chennai, Sept. 18 Importing of waste of any nature should be banned, according to the Chairperson of Parliamentary Committee on Subordinate Legislation, Dr Najma ...

TRAVEL & PLACES: Singapore most preferred travel destination
Average Indian spends $1,789 in leisure trip: Survey. Hyderabad, Sept. 18 Singapore continues to be the top most common travel destination for Indians, according to a study by Nielsen Outbound ...

REAL ESTATE & CONSTRUCTION: ‘Asia Pacific property markets entering period of slowdown’
Mumbai, Sept. 18 Most companies in India are putting their expansion plans on hold, besides seeking renewal rates and delaying upgrading facilities, according to Jones Lang LaSalle’s ...

SCIENCE & TECHNOLOGY: ISRO eyes late Oct for Moon mission
Bangalore, Sept. 18 Some time in late October or early November, the Tricolour should ‘spring’ up on the Moon’s surface four lakh km away. Only four other countries have been there ...

TOURISM: Kerala Travel Mart to kick off tomorrow
Kochi, Sept. 18 The fifth edition of the Kerala Travel Mart will be inaugurated by the Kerala Chief Minister, Mr V. S. Achuthanandan, at the Le Meridien Convention Centre in Kochi on Saturday. Addressing the press conference, Mr E. M. ...

POWER: Industry hopes cost of diesel generator power can be shared
Chennai, Sept. 18 Industry representatives in Tamil Nadu hope that the State Government and other consumers will bear the additional cost if they turn on the diesel generator sets to tide over the power shortage in ...

HEALTH: Apollo Hospitals to build medical health records repository
Chennai, Sept. 18 Apollo Hospitals Enterprise Ltd is “keen to be pioneers” in establishing a National Electronic Medical Records repository. The repository will store all medical details of a person from his birth to death, ...

PSU: Centre to provide Rs 79 cr to 10 loss making PSUs
New Delhi, Sept. 18 The Centre has decided to provide over Rs 79 crore to 10 loss-making public sector enterprises for meeting outstanding dues, salary and wages for the period January-May ...

INFRASTRUCTURE: ‘Vibrant fixed income market needed’
Chennai, Sept. 18 The current turmoil in financial markets, commodity price fluctuations and high inflation will make it difficult for municipalities and urban local bodies to raise finance for their infrastructure projects, said Mr ...

ENTREPRENEURSHIP: ‘Provide special land for small entrepreneurs’
Hyderabad, Sept. 18 The four-day National Industrial Exhibition-cum-Vendor Development Programme organised by the Micro, Small and Medium Enterprises Development Institute (MSME-DI), in association with the State Industries and ...

MEDICAL INSTITUTIONS & HOSPITALS: Apollo opening Reach Hospital
The Apollo Hospitals group will open its first Apollo Reach Hospital at Karimnagar. The 150-bed hospital, which would complement the locally available medical facilities, would be opened by the Andhra Pradesh Chief Minister, Dr Y.S. ...

INCOME TAX: I-T return filing date extended
The Central Board of Direct Taxes (CBDT) has extended the last date of filing of income-tax returns and obtaining of tax audit report, due by September 30, 2008, to November 30 in Bihar in view of the disruptions caused by floods in that State. ...