The Hindu Business Line : Sunday, December 28, 2008

INDUSTRY & ECONOMY

POWER: Power Finance Corporation: Invest
Investors with low-risk appetite can consider the Power Finance Corporation (PFC) stock, as the stock is trading at attractive valuations after being beaten down in the stock market crash. With markets in a corrective phase, investors should ...

REAL ESTATE & CONSTRUCTION: Boom, bust… to hope
2008 saw real-estate hit a new low — 2009 promises a revival. The year 2008 will be remembered by the real-estate sector for the swing in fortunes — starting on a high note that continued from 2007, the market changed dramatically as ...

ECONOMY: Component makers reel as auto sector skids
See a long-drawn repeat of 1997 lows. Chennai, Dec. 27 The auto component industry is convinced it is seeing a repeat of the 1997 low, only this time it will be tougher and last longer — through 2009 and ...

POWER: New panel to probe into Sasan power project bid row
Power Ministry, CVC engaged in the exercise. New Delhi, Dec 27 The controversy surrounding the country’s first Ultra Mega Power Project (UMPP), following a botched-up bidding exercise, refuses to die down. After a series of probes, the ...

ECONOMY: Valuations: Where India stands
‘To shrink is in’ suggest the global events of 2008, be it the shrinkage in GDP growth, liquidity, exports, industrial production or valuations. The country with the most promising growth story - China – boasted of a ...

WATER: CAG finds gaping holes in rural water supply scheme
States pulled up for not paying due attention to quality. New Delhi, Dec. 27 Even as the Union Cabinet on Friday cleared a Rs 6,000-crore investment for repair, renovation and restoration of water bodies across the country as part of the ...

REAL ESTATE & CONSTRUCTION: Buyers’ market scenario emerging in real estate
‘Marketing, incentives needed to rope in clients’. Hyderabad, Dec. 27 Is the real estate sector heading towards a buyers’ market just like the auto sector has turned into with plenty of choices, discounts and freebies doled ...

STEEL: Power Ministry moots CRGO steel plant
Mumbai, Dec. 27 The Power Ministry has mooted a proposal with the Steel Ministry for the setting up of a facility for domestic production of CRGO (Cold Rolled Grain Oriented) steel that is used in the manufacture of power equipment ...

ECONOMY: Whither growth?
As the financial turmoil continues to roil the world, will India manage to keep its head above water in 2009? Well, the series of downgrades in growth projections for India in recent months suggest that we may be in for a period of muted ...

REAL ESTATE & CONSTRUCTION: NHB’s refinance drive

The National Housing Bank has launched the Rs 4,000 crore refinance facility that the Reserve Bank of India had announced earlier this month to support home loans for ...

EVENTS: Weekly News Round-up
The annual Wholesale Price Index-based inflation has dipped to a nine-month low of 6.61 per cent for the week ended December 13. This is lower than the previous week's rise of 6.84 per cent, helped mainly by a recent duty cut on ...

ECONOMY: Services ind maintains growth: FICCI
New Delhi, Dec. 27 Amid the prevailing global economic scenario, the services industry has managed to maintain growth momentum, though at a lower rate, according to a FICCI survey. The growth registered in the increase in the number of ...

SOCIAL SECURITY: Internal audit detects irregular payments, overpayments by EPFO
New Delhi, Dec. 27 The Employees Provident Fund Organisation (EPFO) has made irregular payments and overpayments to the tune of Rs 3.68 crore in the last three years. The irregularities have been detected by the internal audit department of ...

EVENTS: All-India industrial expo from Jan 1
Hyderabad, Dec. 27 The 69th All-India Industrial Exhibition, the flagship exposition organised by the Exhibition Society of Hyderabad, will be organised from January 1 to February ...