The Hindu Business Line : Wednesday, January 07, 2009

INDUSTRY & ECONOMY

ECONOMY: Truck sales hit the bump, decline 73% in Dec
Excess capacity build-up and fall in cargo movement, says study. Mumbai, Jan. 6 In line with the sharp drop in cargo movement, truck sales plunged 73.5 per cent to 6,221 units in December 2008 against 24,222 units logged in the same month the ...

ECONOMY: 2008 mall supply falls far short of estimates
SLOWDOWN BLUES. New Delhi, Jan. 6 Nearly 11 million sq ft of expected mall supply slated for 2008 was deferred, as developers reeled under acute cash crunch and retailers went cautious on their expansion ...

TYRES: Tyre stocks present mixed signals
Industry faces labour troubles. Kolkata, Jan. 6 Are tyre companies coming out of a bad patch? Tyre stock prices are giving mixed signals. While JK Tyre and Apollo Tyres still show weakness, MRF and Ceat share price movements suggest a recovery ...

CEMENT: Q3 likely to be a mixed bag for cement cos
Input cost dips but so does demand; inventory piles up. Mumbai, Jan. 6 The third quarter of the financial year is expected to be a mixed bag for the cement industry. The cost push has receded with the drop in energy and freight expenses, but ...

EXPORTS & IMPORTS: Soyameal bucks general export trend on Latam factor
Dec shipments up 21% as buyers make covering purchases. New Delhi, Jan. 6 At a time when exports are in general floundering, here is an exceptional story. Soyabean meal shipments from the country have registered an almost 21 per cent jump ...

INFRASTRUCTURE: ‘Infrastructure development key driver of growth’
Codissia organising buyer-seller meet for entrepreneurs. Coimbatore, Jan. 6 If India wants to come out of the economic slump quickly, it should focus on infrastructure development to kickstart the economy, said the President of the Coimbatore ...

EXPORTS & IMPORTS: Dec sees lower dip in exports
Labour-intensive sectors continue to slide. New Delhi, Jan. 6 There is some cheer for the Government with double-digit decline in exports drastically slowing down to single digit in December with preliminary estimates showing export decline by ...

RADIO/TV: Cable producers for uniform taxation, procurement norms
‘Power utilities should refrain from negotiations after tenders are opened’. Hyderabad, Jan. 6 The Cable and Conductor Manufacturers Association of India (CACMAI) has called for uniform practices to be adopted by all States for ...

RADIO/TV: HomeShop 18 tunes into a wider audience with Colors
Will create exclusive shows, leverage distribution strength. Mumbai, Jan. 6 Leveraging the strength of Network 18’s television channels, HomeShop 18, the 24-hour home shopping channel, has decided to create programmes to reach out to a ...

EVENTS: Pune to host ‘Innovations 2009’
Pune Jan. 6 ‘Innovations 2009’ jointly organised by the IIT Bombay Alumni Association - Pune Chapter and TiE along with Praj Industries and Persistent Systems will be held in the city on January 10 and 11 at the Dewang ...

REGULATORY BODIES & RULINGS: Equity sale by new telcos: TRAI seeks details
DoT move for lock-in under study. New Delhi, Jan 6 The Telecom Regulatory Authority of India has asked the Department of Telecom to give details of the stake sale done by some of the new mobile ...

EXPORTS & IMPORTS: Export decline may cost 10 million jobs: FIEO
New Delhi, Jan. 6 The Federation of Indian Export Organisation (FIEO) fears a massive job loss of ten million people out of the 150 million employed in the export segment in the face of shrinking overseas orders and sought immediate ...

ECONOMY: Stimulus package inadequate, says expert
Chennai, Jan. 6 The ‘stimulus package’ of the Government does not address the fundamental issues and the extent of help is not also adequate, according to prof T.N. Srinivasan, Samuel C. Park, Jr. Professor of Economics, ...

EDUCATION: Economic slump has no effect on rush for B-schools
Coimbatore, Jan. 6 The global economic downturn seems to have failed to ground the dreams of ...

REAL ESTATE & CONSTRUCTION: ‘Banks reluctant to lend to realty’
Developers’ memo to RBI. Mumbai, Jan. 6 The Confederation of Real Estate Developers’ Association of India has represented to the Reserve Bank of India Governor, Dr D. Subbarao, that despite the recent steep cuts in signal rates, ...

INDUSTRY ASSOCIATIONS: Nasscom may announce revised targets today
New Delhi, Jan. 6 The National Association of Software and Services Companies (Nasscom) is all set to announce on Wednesday the outcome of its review of the growth targets for ...

TRADE & LABOUR UNIONS: PSU oil officers to go ahead with strike from today
New Delhi, Jan. 6 The Oil Sector Officers’ Association (OSOA), representing 14 public sector undertakings, today reiterated its decision to go on strike from Wednesday, as it felt that the recent pay revision announced by the Government ...

PETROLEUM: Oil PSU officers’ strike: City gas distributors fear supply disruption
Kolkata, Jan. 6 City gas distributors in India fear a drop in supplies beginning from Wednesday due to the indefinite strike call by oil PSU ...

EVENTS: ‘Industries should be better equipped’
Hyderabad, Jan. 6 The Indian industry needs to be equipped with robotic and intelligent manufacturing technology for full automation of the shop floor, especially in power generation in industry, said Mr Jairam Ramesh, Minister of State ...

REGULATORY BODIES & RULINGS: RCom moves tribunal against DoT
New Delhi, Jan. 6 After getting a refund of Rs 112 crore from the Government, Reliance Communications has now moved telecom tribunal blaming the Department of Telecom for withdrawing an approval to offer both GSM and CDMA services in six ...

CEMENT: ACC, Ambuja Cement Dec sales rise
Mumbai, Jan. 6 Switzerland-based Holcim Group company Ambuja Cement reduced its inventory marginally by selling 1.66 million tonnes (mt) of cement in December against production of 1.63 mt. On a year-on-year basis, both production and sales ...

SOCIAL SECURITY: AEGON pension plan
New Delhi, Jan. 6 AEGON Religare Life Insurance, a recent entrant in the life insurance industry, is looking to close its first year of operations with a premium income of Rs 100 crore, its Chief Executive Officer, Mr Rajiv Jamkhedkar, has ...

INDUSTRY ASSOCIATIONS: Council for tea planters launched
Coimbatore, Jan. 6 The Indian Institute of Plantation Management, on behalf of the Tea Board, is launching a Tea Planters’ Productivity Council (TPC)for the benefit of planters across the country. An orientation and induction programme ...

EDUCATION: The business of culture
Last week saw the opening in Thiruvananthapuram of the 49th annual Kerala Schools Arts Festival, touted as Asia’s largest youth art fete. The seven-day festival, organised by the State Department of General Education, attracted around ...

ECONOMY: Alternative growth model needed
The present global economic and financial crisis has put governments and central banks squarely in the ...

EDUCATION: Book on student expectations
AssessPeople will launch the result of a research conducted by it into the expectations of students from varied backgrounds when they enter the job market. The results have been brought out in the form of a book, Future ...

TRADE & LABOUR UNIONS: NTPC executives to go on strike
The NTPC Executives’ Federation of India (NEFI) has decided to follow their counterparts in the oil sector for better pay packages and have threatened to go on an “indefinite strike” from February 25. Prior to this, NEFI will go ...