The Hindu Business Line : Monday, December 15, 2008

INDUSTRY & ECONOMY

POWER: Fertiliser, power firms drive up naphtha usage as prices fall
New Delhi, Dec. 14 After being out in the cold, naphtha again seems to be back in the reckoning as a viable feedstock for players in the power and fertiliser ...

ECONOMY: US household borrowings shrink in July-Sept
Reduced spending may hurt Indian exports. New Delhi, Dec. 13 In what could have further adverse implications for Indian exporters, US households for the first time are not just cutting back on their borrowings, but are actually running ...

TERRORISM: Taj Group sets up public fund to help terror victims
Mumbai, Dec 14 The Taj group of hotels has created a public service welfare trust fund to help victims of the recent terror attacks in ...

GOLD & SILVER: Investors begin increasing investments in gold
Production cut announcements continue in metals sector. A slew of fiscal, monetary and stimulus packages announced by several governments around the world – the US, China, Europe, India and so on – are yet to exert their impact on ...

NON-CONVENTIONAL ENERGY: ‘Every State must have an integrated energy plan’
World renewable energy institute working on detailed study for 3 States. Chennai, Dec. 14 Every State must work out an integrated energy plan for the next 20-25 years, not just on how it is going to meet its electricity needs but also at the ...

ECONOMIC OFFENCES: Shadow on Obama’s inauguration
The ‘crime spree’, as the Federal investigators called it, indulged in by the Governor of Illinois, Mr Rod Blagojevich, threatens to take the sheen out of the inauguration gala for the President-elect, Mr Barack Obama’s ...

TAXATION: ‘Remove duty on wax match units’
The Sattur Chamber of Commerce and Industries has made a plea for removal of Cenvat Excise Duty on wax matches manufacturing units. In a letter addressed to the Prime Minister, Dr Manmohan Singh, the chamber Secretary, Mr P.T.K.A. ...

EDUCATION: Idea generation contest
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EVENTS: Madurai Marathon on Jan 9
The Madurai Marathon organised by DHAN Foundation, a leading NGO here, will be held on the theme ‘Run to be free from Anaemia’ on January 9. The event is organised in association with State Health Society - Tamil Nadu under the ...

EVENTS: Talk on economic revival
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EDUCATION: Dr. K. Jafar Ali, Director, Centre for Human Renaissance; Vel’s University
Chennai, Dec. 14 The impact of the global economic slowdown is being felt across the globe, including India. The financial services, ITeS and insurance sectors in the country face a serious setback in the face of ...

ECONOMY: Output of worry
When the quick estimates of industrial production for August were released, Mr P. Chidambaram, then Finance Minister, doubted the extent of the slippage. From 7.4 per cent the previous month, industrial output growth had shrunk to just 1.3 per ...

SSI: United Bank to lower lending rates for SMEs
Kolkata, Dec.14 With a view to extending a helping hand to the small and medium enterprises (SME) segment and arresting the build-up of non-performing assets, Kolkata-headquartered United Bank of India has announced a restructuring plan for ...

REAL ESTATE & CONSTRUCTION: PE funds approach M&M to take over 2 SEZs
The downturn in real estate has left many in a quandary and private equity funds are no exception. Some of them now are looking up to more established promoters and developers to bale them out from large size projects such as special ...

ENVIRONMENT: Sharing ideas
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INDUSTRY ASSOCIATIONS: Manufacturing cos plan to cut 50% inventory in 3 months: CII
New Delhi, Dec. 14 The Confederation of Indian Industry has urged manufacturing companies to focus on managing operations ...

INDUSTRY ASSOCIATIONS: ‘Take steps to conserve forex reserves’
Madurai, Dec. 14 The Sattur Chamber of Commerce and Industries has made a plea for conserving foreign exchange reserves. In a letter addressed to the Prime Minister, Dr Manmohan Singh, the chamber Secretary, Mr P.T.K.A. Balasubramanian, has ...

EDUCATION: Raghu Vasu, CEO, Transdyne; Siva Sivani Institute of Management, Kompally
Hyderabad, Dec. 14 Management students who are really meritorious would be able to get a good break even in the present difficult job market, according to Mr Raghu Vasu, Chief Executive ...

EVENTS: Congress on road development
The 69th annual session of the Indian Roads Congress (IRC) is being held in Kolkata. Last year, the session was held in Jaipur. IRC was established in 1934 and the first convention was held in Delhi. IRC being the premier technical organisation ...