The Hindu Business Line : Saturday, October 11, 2008

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Monthly oil import bill of refiners 30% lower
Kolkata, Oct. 10 Weakening of Indian rupee notwithstanding, a sharper fall in crude prices reduced the monthly oil import bill of Indian refiners by nearly 30 per cent. Under-recoveries have also come down ...

EVENTS: We must prepare for a tough ride: Singapore PM
‘Asia can’t avoid impact of weakening global economies’. Singapore, Oct 10 Asian countries cannot avoid the impact of weakening US, European and Japanese economies, Mr Lee Hsien Loong, Prime Minister of Singapore, said ...

CEMENT: Cement sector may report subdued earnings in Q2
Demand plummets in northern and central regions. Mumbai, Oct. 10 Despite a fall in coal prices, cement sector is expected to report another subdued earnings in the second quarter ended September 30, 2008 due to prolonged weakness ...

ECONOMY: BoP situation set to change
India’s banking sector, by virtue of being largely government-controlled and conservatively managed, seems to have escaped the worst of the financial crisis. But as a result of the meltdown and its impact on world economic growth, we ...

FOREIGN TRADE: India, China sign pact on transparency in trade
MoU will ensure better understanding of anti-dumping probes. New Delhi, Oct 10 India and China on Friday entered into a memorandum of understanding (MoU) on trade remedy cooperation. This would ensure more transparency as well as better ...

CARS: Super luxury car makers surpass sales targets
New Delhi, Oct. 10 A burgeoning number of high net worth individuals are driving the super luxury car market in India with world’s top brands such as Bentley and Rolls Royce surpassing their annual sales targets ahead of ...

POWER: REC extends loan for thermal projects in TN
TNEB, Neyveli Lignite bag sanctions worth Rs 5,612 cr. Chennai, Oct. 10 Rural Electrification Corporation (REC) will loan the Tamil Nadu Electricity Board (TNEB) and the Neyveli Lignite Corporation Rs 5,612 crore for two thermal power projects ...

NRIS: ‘Farm, rural sectors pose key challenges to India’
Large English speaking and young population the advantage. As India’s economic rise on the global platform, backed by a consistent nine per cent growth over the last four years, is recognised as ‘real’ across the world, and it ...

NRIS: Dynamic diaspora
The Singapore Prime Minister, Mr Lee Hsien Loong, toasted the two lakh strong Indian expat community in Singapore while inaugurating the second mini Pravasi Bharatiya Divas outside India, in Singapore on Friday. “One of the largest ...

POWER: SIMA writes to CM on power supply crisis
Textile industry seeks relief from steep cuts. Coimbatore, Oct. 10 The Southern India Mills’ Association (SIMA) has sent an SoS to the Tamil Nadu Chief Minister to utilise the idle captive power generation capacity available with the ...

ECONOMY: OECD data signal continued weakening of major economies
Expansion in Brazil, downturn in China & Russia, slowdown in India seen. Mumbai, Oct. 10 In recent months, economic activity and in turn, growth, has been decelerating across the world, accentuated by continued slowdown in industrialised ...

TOURISM: Foreign tourist arrivals up 10%
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EDUCATION: IIM-K management conclave begins
Kochi, Oct. 10 The Indian Institute of Management-Kozhikode is organising its annual management conclave, Horzons 08, from October 10 to 12 on its ...

NRIS: ‘Kalam’s Pura model will not work’
Singapore, Oct 10 Mr Lee Kuan Yew, Minister Mentor, Singapore, on Friday said the PURA model advocated by the former Indian President, Mr A.P.J. Abdul Kalam, will not work in bringing about India’s transformation into a ...

EDUCATION: NIT-Warangal to invest Rs 100 cr in upgradation
The National Institute of Technology, Warangal, will invest Rs 100 crore over the next two years in upgradation of its ...

POWER: CII urges TNEB to use idle captive power capacity
Chennai, Oct. 10 The Confederation of Indian Industry (Southern Region) has urged the Tamil Nadu Electricity Board to use the 3,500 MW of idle captive generation capacity available with the industry to tide over the power shortage. It has ...

ECONOMY: Time for booster shots
On Friday afternoon, the Finance Minister, Mr P. Chidambaram assured the nation that the liquidity problem was being addressed by the Reserve Bank of India (RBI) that had cut the cash reserve ratio (CRR) once again to 7.50 per cent, releasing ...

NRIS: Friend, guide & mentor to CII
Singapore, Oct. 10 It was a rather emotional CII chief mentor Tarun Das who recalled the lonely years for Indian business and industry in the early 1990s, while addressing on Friday a session of the second mini-Pravasi Bharatiya Divas session ...

INFRASTRUCTURE: Infra meet from Oct. 16
Mumbai, Oct. 10 Well-known industry association, India-Tech Foundation and Builders Association of India, would be holding CONSTRU India 2008, an infrastructure and construction industry show, from October 16 to 18. The event will focus on ...

POWER: Power generation in Sept up 4.2%
New Delhi, Oct. 10 The overall growth in power generation for September has been estimated at 4.2 per cent compared with 4.3 per cent in the corresponding period last year, an official statement said on ...

ECONOMY: New WPI series should be broken up
Bangalore, Oct 10 Even as a new wholesale price index (WPI) is expected to come into effect in early 2009, a number of methodological issues remain to be resolved. Little attention has been paid to whether WPI, taken as a whole, is a ...