The Hindu Business Line : Tuesday, October 21, 2008

INDUSTRY & ECONOMY

ECONOMY: India and the global financial crisis
When the financial crisis erupted in a comprehensive manner on Wall Street, there was some premature triumphalism among Indian policymakers and media persons. It was argued that India would be relatively immune to this crisis, because of ...

ECONOMY: Slowdown has ad agencies revisiting strategy
Will curtail expansion plans, redeploy staff. Ahmedabad, Oct. 20 As companies cut their marketing and promotion budgets on the face of a global economic slowdown, advertising agencies will have to rethink their strategies, revisit their budgets ...

POWER: TN issues new power supply regulations
Aims at equitable distribution among consumers. Chennai, Oct. 20 The Tamil Nadu Government has come out with regulations for an equitable distribution of power between domestic, agricultural and industrial ...

TAXATION: Jet chief seeks lower sales tax on aviation fuel
Meets Chidambaram; other fiscal steps to help industry also discussed. The Chairman of Jet Airways, Mr Naresh Goyal, on Monday met with the Finance Minister, Mr P. Chidambaram, to seek Central assistance in convincing State Governments on the ...

STEEL: Steel prices may soften on higher production
Tight credit market conditions likely to hit offtake. Chennai, Oct.20 Steel prices are likely to see a dip from the highs they are currently ruling at. The prices of steel and steel-making raw material (such as metallurgical coal and iron ore) ...

FOREIGN TRADE: ‘Indian economy could grow close to 8% in 2008-09’
Strategy paper released for Indo-German bilateral development cooperation. New Delhi, Oct. 20 The Finance Minister, Mr P. Chidambaram, on Monday said that the Indian economy is expected to grow close to 8 per cent in fiscal 2008-09 despite the ...

POWER: Nuclear deal consistent with India’s interest: Govt
Likely to finalise pact with Russia. New Delhi, Oct. 20 Asserting that the Indo-US civil nuclear agreement was consistent with India’s interests, the Government on Monday said the pact incorporates provisions ensuring uninterrupted fuel ...

MERGERS & ACQUISITIONS: M&A value dips 20% in Sept
Global liquidity crisis will help whet domestic acquisitions appetite. Mumbai, Oct. 20 With the financial crisis looming large, the value of merger and acquisition (M&A) deals announced in September dipped 20 per cent to $3.69 billion ...

STEEL: Decision on steel import duty soon: Paswan
Mumbai, Oct. 20 The Steel Ministry would take a decision on imposing import duty and cutting export duty on steel in a week, the Union Steel Minister, Mr Ram Vilas Paswan, said here on the sidelines of India Chem 2008, an international ...

EDUCATION: Curtin varsity targets Indian students
Curtin University of Technology, an Australian Government funded university, is to set up a campus in Singapore. According to Mr Jeremy Histon, Director of Marketing, Curtin Singapore, the new campus will be operable from end of this year and ...

REAL ESTATE & CONSTRUCTION: Swarnanjali Greens’ realty project
Swarnanjali Projects Private Ltd launched its first realty project `Swarnanjali Greens’ at Kottur, near the Hyderabad International Airport, Shamshabad. The project, launched by Mr C.V.S.K. Sarma, Principal Secretary, Municipal ...

ECONOMY: Manmohan sees temporary slowdown
The Prime Minister, Dr Manmohan Singh, has admitted that the ongoing global financial crisis is likely to have an indirect impact on the Indian economy and “we must be prepared for a ...

ECONOMY: More needs to be done to fight hunger: Index
Madhya Pradesh, Jharkhand, Bihar worst-hit. Mumbai, Oct. 20 The world could be fighting a losing battle against hunger ...

SSI: Khadi commission to complete forming of task force panels soon
Hyderabad, Oct 20 The State Office of the Khadi and Village Industries Commission (KVIC) expects to complete the process of forming task force committees for the Prime Minister’s Employment Generation Programme (PMEGP) in the next ...

ECONOMY: Corporates hopeful repo rate cut will ease credit squeeze
Mumbai/New Delhi, Oct. 20 Corporates are hopeful that the Reserve Bank of India’s latest cut in its short-term lending rate by 100 basis points, to 8 per cent, will bring some relief from the prevailing credit ...

FERTILISERS: Fertiliser industry told to end sulphur deficiency woes
Hyderabad, Oct. 20 The fertiliser industry must take note of the districts that have been identified as sulphur-deficient and include fertilisers containing sulphur in their supply plan, Ms Poonam Malakondaiah, Commissioner of ...

HUMAN RESOURCES: LiquidHub proposes facility in Hyderabad
Hyderabad, Oct. 17 LiquidHub Inc is planning to develop its own campus in Hyderabad over the next couple of ...

FOREIGN TRADE: FICCI urges Japan to cut tariffs
New Delhi, Oct 20 Japan must immediately eliminate tariff on products of export interests to India to move up the trade between the two countries, proposed the Federation of Indian Chambers of Commerce and ...

EDUCATION: Universities should focus on improving skill sets in S&T: Kalam
Hyderabad, Oct. 20 Universities should prepare a global cadre of professionals with skill sets in science and technology to realise the dream of making India a developed nation by 2020, according to the former President, Mr A.P.J. ...

ACCIDENTS: Assessing the damage
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REAL ESTATE & CONSTRUCTION: Growth in manufacturing will fuel realty, says report
Bangalore, Oct. 20 The growth of the manufacturing sector in India through the development of SEZs, industrial corridors and townships is expected to create a significant impact in the real estate ...

TRADE & LABOUR UNIONS: Transport workers’ body observes national demands day
Kochi, Oct. 20 The port and dock workers observed national demands day at major ports by heeding to the call of the Water Transport Workers Federation of ...

GENDER: AP to extend maternity benefit to 5 lakh building workers
Hyderabad, Oct 20 Five lakh women construction workers will get maternity benefit to the tune of Rs 5,000 for each confinement (for two confinements only) from the Andhra Pradesh Government. The Andhra Pradesh Government on Monday decided ...