The Hindu Business Line : Sunday, December 21, 2008

INDUSTRY & ECONOMY

TERRORISM: Govt gives nod for radar coverage of coastline
Coast Guard told to hire ships from global market. New Delhi, Dec. 20 In an effort to enhance coastal security, the Government has not only approved a proposal to provide radar coverage of the entire coastline but also asked the Coast Guards to ...

NON-CONVENTIONAL ENERGY: An island powered by renewable energy
Chennai, Dec. 20 Everything happens like clockwork in Denmark. Or, rather you can set your watch by what happens. At least that is what we learnt and experienced during a recent four-day trip to this windy ...

EVENTS: It’s financial circumvention, not innovation: Y.V. Reddy
Chennai, Dec. 20 Rules of the game have to change, US has to discover a different financial system due to market failure, said, Dr Y.V. Reddy, former Governor, Reserve Bank of India, during a panel discussion on ‘Causes, Effects and ...

EVENTS: All geared up
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FOREIGN TRADE: Tea trade with Pakistan by rail, road put off
Jairam Ramesh’s scheduled visit in January postponed. Kochi, Dec. 20 The Mumbai terror attacks have taken a toll on Indian tea exports to Pakistan. Inaugurating South India’s first e-auction centre in tea at Kochi Mr Jairam Ramesh, ...

REAL ESTATE & CONSTRUCTION: Special home loans for small borrowers

Some of the public sector banks have now announced a special rate of interest for home loans up to Rs 20 lakh, to support the first-time home-buyer and the small borrower. Indian Bank, for instance, has announced two slabs ...

REAL ESTATE & CONSTRUCTION: Rate cuts not good enough
Developers don’t see ‘market-acceptable’ figures yet. Real-estate developers are happy with moves by housing finance institutions to cut home loan interest rates by 50 basis points. Though they concede that this is what the ...

REAL ESTATE & CONSTRUCTION: Ready to wait out the slump
Mr Ahon Meh has been planning to buy a house for some time now (name changed on request). Mr Meh, a professional, has been planning to purchase a three BHK flat in Western Ahmedabad and has studied the market in the last few ...

REAL ESTATE & CONSTRUCTION: State govts must chip in too
Home loan interest rates are coming down but that is not enough. There is another major contributor to high costs of built-up space — the State governments, say developers. They have to do their bit — expedite clearances of ...

EVENTS: Constrained innovation is India’s strength: Prahalad
Chennai, Dec. 20 Constraints in India can be a source of dramatic global innovation, as instances such as the Tata Nano and a host of other low cost products show, Dr C.K. Prahalad, noted management guru and Paul and Ruth McCracken ...

HOTELS: Hospitality sector pins hopes on Xmas cheer to overcome gloom
Bangalore, Dec. 20 Christmas specials mark the beginning of the festive season, and hotels in Bangalore are hopeful that the festivities would help remove the cloud of gloom over the hospitality sector as a result of the economic recession ...

PETROLEUM: Natural gas: GAIL calls for buyers
GAIL (India) Ltd has over 20,000 SCMD of natural gas for sale from the Mattur gas fields of ONGC, according to press release from GAIL. The gas from the Cauvery Basin, Tiruvarur district, is available for prospective consumers interested ...

EVENTS: Weekly News Round-up
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PETROLEUM: Parliamentary panel asks refineries to add more capacities
New Delhi, Dec. 20 The Standing Committee on Petroleum and Natural Gas has asked the public sector oil refiners to add more capacities to their existing refineries that would boost exports and improve ...

COAL: ICVL board to finalise decision on acquiring stake in mining cos abroad
Hyderabad, Dec. 20 The apex committee of International Coal Ventures Ltd (ICVL), a special purpose vehicle formed by five public sector undertakings, would be meeting on Monday to finalise a decision for picking up stake in some mining ...

FOREIGN TRADE: S. Africa is partner country for CII’s tech fair in Feb
New Delhi, Dec. 20 The Confederation of Indian Industry has signed on South Africa as partner country for the 18th International Engineering and Technology Fair ...

SCIENCE & TECHNOLOGY: `Cryo engine is flight-ready'
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FOREIGN DIRECT INVESTMENT: FDI, not outsourcing, preferred in knowledge sectors
Bangalore, Dec. 20 When a multinational is to set up shop in a country, it will either establish a subsidiary or outsource operations. How will it choose between the two ...

EVENTS: Pan IIT: Snippets
"I am in love with a girl. And, my parents want me to marry another girl. What should I do now? This question had nothing to do with chess but it didn't stump the chess champ during one of the Family Track events - `Chess session with ...