The Hindu Business Line : Saturday, November 22, 2008

INDUSTRY & ECONOMY

ECONOMY: India has ‘capability and ability’ to sustain growth rate of 8%: PM
New Delhi, Nov. 21 The country has the “capability and ability” to sustain a growth rate of about 8 per cent and “will do so,” the Prime Minister, Dr Manmohan Singh, said here ...

POWER: Japanese companies keen on Indian nuclear market
New Delhi, Nov. 21 Despite the Japanese Government’s reluctance to commit on a nuclear pact with India, a high-level nuclear delegation from Japan, including representative from reactor majors Hitachi Ltd, Mitsubishi Heavy Industries ...

PETROLEUM: Indian crude basket drops to $45.50/barrel
Petroleum Ministry rules out price cut. New Delhi, Nov. 21 Will the plunging global crude prices result in lowering of domestic fuel prices is the question attracting maximum attention now. The Indian crude basket hit a fresh low at $45.50 a ...

EXPORTS & IMPORTS: Global slowdown may dampen tea exports
Pressure on demand, companies’ spending forecast. Hyderabad, Nov. 21 It’s testing time for tea exporters. While the demand for Indian tea has shot up following the production woes in Kenya, the global slowdown in economy might prove ...

PSU: PSU officers not happy with pay revision package
‘Govt forcing us to go on direct action programme from Dec 2’. New Delhi, Nov. 21 The Government’s attempt to make jobs in Central Public Sector Enterprises (CPSE) attractive seems to have met with little ...

NON-CONVENTIONAL ENERGY: Biomass units want Power Trading Corp as mediator
For third-party sale to industrial consumers. Chennai, Nov. 21 Biomass-based power producers in Tamil Nadu hope to bring in Power Trading Corporation of India to mediate in the third-party sale of power to ...

INDUSTRY ASSOCIATIONS: CII launches interactive expo for children
Chennai, Nov. 21 As part of its initiative to build a sustainable market advantage to the companies that cater to kids, the Confederation of Indian Industry today launched its second edition of the KideX – a 3-day educative and ...

MEDICAL INSTITUTIONS & HOSPITALS: Nimmagadda Foundation, LVPEI tie up
The Nimmagadda Foundation of Mr N Prasad has committed Rs 15-crore financial support to LV Prasad Eye Institute (LVPEI) to take up a children’s eye health initiative. The programme ‘Nimmagadda Prasad – LVPEI Children’s ...

PSU: SCOPE awards for PSE chiefs
...

REAL ESTATE & CONSTRUCTION: Builders likely to lower prices on Naredco directive
New Delhi, Nov. 21 National Real Estate Development Council (Naredco) on Friday asked its member companies — that includes the likes of DLF, Unitech, Ansal API, and Parsvnath — to cut rates on housing projects to combat the ...

FOREIGN DIRECT INVESTMENT: Gujarat woos investors from Africa
Ahmedabad, Nov. 21 Uganda-based Indians of Gujarati origin have proposed to set up an exclusive development park as an SEZ in Gujarat while their Kenyan counterparts have mooted a wheat processing unit for making biscuits ...

PHARMACEUTICALS: Spurious drugs: Amendment worries cos
Mumbai, Nov. 21 The latest amendment to the Drugs and Cosmetics Act, regarding spurious medicines, could not just end up catching genuine manufacturers in its net, but also puts the spotlight on medicine storage and its transportation, ...

SSI: SME lending: ICICI Bank ‘cautious’
Hyderabad, Nov. 21 ICICI Bank will be ‘cautious’ in its lending to small and medium enterprises in view of the likely impact of economic slowdown on their ...

TRADING: Maharashtra traders against cess to replace octroi
Mumbai, Nov. 21 Organisations of traders in Maharashtra have long opposed octroi, as it is seen as an impediment to smooth business operations. Now they have also decided to oppose the move by the Government to replace octroi with Account ...

POWER: PowerGrid to sign up $400 m credit line from World Bank
Hyderabad, Nov. 21 Power Grid Corporation of India is set to sign up for a $400-million credit line from the World Bank and is negotiating for another $200 million loan from Asian Development Bank, according to Mr I.C. Jaiswal, ...

CEMENT: Impose import duty, says Binani Cement
Mumbai, Nov. 21 Close on the heels of 5 per cent customs duty on steel, Binani Cement has urged the Government to impose import duty and countervailing duty to bail out the distressed ...

FOREIGN TRADE: Export target review by Dec: Pillai
New Delhi, Nov. 21 The Centre may review the merchandise export target for 2008-09 by end December, when it expects to have a fairly good idea of the export orders received for the current fiscal, the Commerce Secretary, Mr G.K. Pillai, ...

FOODS & FOOD PROCESSING: Icrisat opens knowledge centre for food processing
Hyderabad, Nov. 21 The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has opened NutriPlus Knowledge Centre at its Agri-Science ...

REAL ESTATE & CONSTRUCTION: Indian realty expo in Dubai
Mumbai, Nov. 21 The Maharashtra Chamber of Housing Industry will showcase properties of leading builders from across India at Dubai during November ...

EVENTS: Industry expo in Chennai
Chennai, Nov. 21 Zak Tradeshows & Exhibitions Pvt Ltd unveiled its multi-industry related exhibition at Chennai Trade Centre ...

EMPLOYMENT: Good response to job fair at Virudhunagar
Madurai, Nov. 21 The two-day job fair, ‘Kalaingar 85’, organised at Virudhunagar recently drew over 11,057 persons on the first day, seeking opportunities that included graduates, post-graduates, engineers, and technically ...

SSI: Workshop for SMEs
Hyderabad, Nov. 21: ICICI Bank, in association with CyberMedia, has organised ‘SME CEOs Knowledge Series’ here on Friday. “The objective of the programme is to provide a supporting ecosystem for the small ...

EDUCATION: N Srinivasan, Adviser, CII; Adarsh Institute of Management and IT, Bangalore
Bangalore, Nov.21 Former Director General of Confederation of Indian Industry and special adviser of CII Institute of Quality, Mr. N. Srinivasan, urged the students of Adarsh Institute of Management and Information Technology (AIMIT) to ...

FOREIGN DIRECT INVESTMENT: Credit Info cos can have 49% FDI
Foreign companies can invest up to 49 per cent in Credit Information Bureau under the Foreign Direct Investment (FDI) route, provided they fulfil certain conditions, said the Reserve Bank of India.In a notice, the RBI said the ...

MEDICAL INSTITUTIONS & HOSPITALS: AP hospitals to bar CGHS services
In a move that would adversely impact thousands of Central Government employees, the AP Specialty Hospitals Association (ASHA) has decided to stop services to Central Government Health Scheme (CGHS) beneficiaries with effect from Friday. ...