The Hindu Business Line : Saturday, January 10, 2009

INDUSTRY & ECONOMY

ECONOMY: New facility for providing liquidity to NBFCs cleared
New Delhi, Jan. 9 Following the announcement of liquidity facility for non-banking finance companies (NBFCs) in the recent stimulus package, the Union Cabinet today approved Stressed Assets Stabilisation Fund (SASF) to function as the ...

TRADE & LABOUR UNIONS: PSU oil officers call off strike
New Delhi, Jan. 9 As the sun set on Friday, it ensured that the tension written large on the faces of oil PSU chiefs, senior Petroleum Ministry officials and public at large was over, with the oil officers calling off their indefinite ...

ECONOMY: ‘Rs 1 lakh cr in infrastructure will be committed in 100 days’
Govt may use sovereign guarantees to fund projects. Chennai, Jan. 9 The Union Minister of State for Industry, Dr Ashwani Kumar, on Friday said that investments worth Rs 1 lakh crore in infrastructure projects will be committed in the next ...

INFRASTRUCTURE: Banks taking stock of loans to Maytas cos
Mumbai, Jan. 9 Banks will be taking a hard look at the loans sanctioned and the performance of the loans already disbursed to Maytas Infra and Maytas Properties following Satyam Computer Services’ promoter Mr. B Ramalinga Raju admitting ...

POWER: MCX launches futures trading in electricity
Day One response lacklustre but expected to pick up. Mumbai, Jan. 9 Multi Commodity Exchange has launched futures trading in electricity for the first time in India. Globally, Nordpool in Sweden, Norway, Finland and Denmark, Inter Continental ...

ECONOMY: India can regain 9% growth trajectory, says Mulford
Seven-member team from US FDA to be here soon. New Delhi, Jan. 9 The US Food and Drug Administration (FDA) is to have a seven-member team here soon, the outgoing US Ambassador to India, Mr David C. Mulford, announced ...

FERTILISERS: Oil PSU strike hits gas supply to fertiliser cos
Aditya Birla Nuvo, Chambal Fertilisers shut down plants. Mumbai, Jan. 9 Strike by public sector oil companies’ staff has affected gas supply to fertiliser companies resulting in shut down of their ...

NRIS: Global association for Indian medicos
Apollo Hospitals on Friday announced the launch of Global Association of Physicians of Indian Origin (GAPIO) overseas Indian convention, Pravasi Bhartiya Divas here. Dr Prathap C. Reddy, Chairman, Apollo Hospitals Group, said the association ...

EVENTS: ‘Time not ripe for principle based rules’
Indian society is still not ready for principle based regulations and continuation of rule based regulations was inevitable in the aftermath of Satyam Computer Services case. This was stated by Mr Uday Kotak, Chairman of CII National Council ...

POWER: PGCIL starts Ranchi-Sipat line
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TRAVEL & PLACES: Travel portals had reasons to smile over festive season
Bangalore, Jan. 9 The festive season in December 2008, the week from Christmas to New Year,, has given a much-needed break to recession-hit travel ...

POWER: Kerala opposes move to take NTPC plant into Central pool
Kerala has opposed the move to take the Kayamkulam plant of National Thermal Power Corporation (NTPC) into the Central pool, which will force it to share the power from there with ...

PAPER, BOARD & NEWSPRINT: Paper industry seeks sops to keep Chinese, Indonesian players at bay
Over Rs 13,000 cr capex planned for expansion. The slowdown in the global market notwithstanding, India has emerged as the fastest growing paper market in the world showing a 10 per cent growth in per capita paper ...

EDUCATION: Cambridge varsity looks to build links in India
Kolkata, Jan. 9 The University of Cambridge plans to expand its existing links and build new opportunities with academic, business and political communities in India, said Prof Alison Richard, the University’s Vice-Chancellor, here ...

EVENTS: Ramalinga Raju in Hyderabad, says AP CM
Chennai, Jan. 9 “To the best of my knowledge, he is in Hyderabad,” asserted Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, to a question on whether Mr B. Ramalinga Raju, former Chairman, Satyam Computers, was still in ...

REAL ESTATE & CONSTRUCTION: Pune builders seek reduction in realty taxes
Pune, Jan. 9 The municipal corporation here has nullified the affordability factor brought in by reduction of interest rates and levies of material by hiking premiums, said the President of Promoters and Builders Association ...

EXPORTS & IMPORTS: Ease fund access norms for exporters: FICCI
New Delhi, Jan. 9 Taking a leaf from the Chinese Government’s support on the export front, the Federation of Indian Chambers of Commerce and Industry has sought a similar demand from the Indian ...

ECONOMY: Obama and India
The excitement over Barack Obama’s coming presidency is palpable in Washington. Hectic preparations are on for the unprecedented number of visitors who will come to witness Mr Obama’s inauguration. Even the cell phone companies ...

TWO/THREE WHEELERS: Don’t seize 2-stroke auto: HC
A Division Bench of Calcutta High Court comprising Mr S.S. Nijjar, Chief Justice, and Mr Justice P.C. Ghose on Friday directed that no two-stroke auto could be seized by the authorities until further orders. The Court also asked the ...

Columnists: • B Venkatesh • C Gopinath • Bhanoji Rao • P.V. Indiresan