The Hindu Business Line : Saturday, January 17, 2009

INDUSTRY & ECONOMY

REAL ESTATE & CONSTRUCTION: PSU banks want lowering of risk-weight on small home loans
Mumbai, Jan. 16 After falling in line with the Government’s diktat to extend home loans of up to Rs 20 lakh at concessional rates of interest, public sector banks now want their pound of ...

INFRASTRUCTURE: MMTC calls off SEZ deal with Maytas group
Coimbatore, Jan. 16 The ongoing controversy surrounding the Maytas Group, promoted by the family of former Satyam Computers CEO Mr Ramalinga Raju, has claimed its first victim with MMTC, a Government of India enterprise, calling off a deal ...

EXPORTS & IMPORTS: Export of rice to African nations permitted
STC to ship 55,000 tonnes to Nigeria, 3 other countries. Even as the plea for lifting the long ban on non-basmati rice remains strident, the Government on Friday announced release of 55,000 tonnes of non-basmati rice for export with a minimum of ...

PETROLEUM: Delhi hints at reducing sales tax on aviation fuel
Mallya seeks infrastructure status for aviation sector. New Delhi, Jan. 16 The Delhi Chief Minister, Ms Sheila Dikshit, on Friday hinted at reducing the high rate of sales tax that is currently charged by the state on aviation turbine ...

FOREIGN DIRECT INVESTMENT: Gujarat summit: Energy sector gets maximum investment proposals
Proposals worth Rs 3.82 lakh crore received. Ahmedabad, Jan. 16 Energy sector replaced all other sectors — including the once-favourite Special Economic Zone (SEZ) — when it came to announcing of proposals for investments during the ...

BREWERIES: Maharashtra plans more wine institutes
Separate horticulture board also on cards. Wine institutes, a separate horticulture board are some of the initiatives being taken by the Maharashtra Government to give a boost to the wine industry in ...

POWER: US nuclear team for long-term tie-ups
Mumbai, Jan. 16 It was virtual India focus for a US commercial nuclear delegation when it came to display its intent to partner the country implementing the 123 Agreement and explore commercial ...

PSU: Mini Ratna status for Midhani
The Union Government has conferred Mini Ratna Category I status to Mishra Dhatu Nigam Ltd (Midhani). A release from the company said that with this status, the Government of India has granted greater autonomy and delegation of powers to the ...

EMPLOYMENT: Job creation in top sectors declining, says Assocham study
A decline of 0.1 to 6.5 percentage points has been recorded in the share of job creation by sectors such as financial services, IT, FMCG, retail and real estate through financial year 2008-09, according to a recent study by ...

PHARMACEUTICALS: Bangalore to host pharma summit on Jan 24
Bangalore, Jan. 16 Bangalore gets to host the Pharmaceutical Leadership Summit 2009 on ...

ECONOMY: ‘Economy likely to grow 7-7.5% in 2008-09’
The country’s economy is expected to grow between seven per cent and 7.5 per cent during the current financial, a top Finance Ministry official has ...

ECONOMY: States and stimulus
There’s a lot about the economic stimulus, particularly the second tranche that is unexceptionable. In view of the rapidly rising fiscal deficit, it is perhaps just as well that monetary options were preferred. However, it is in the nature ...

MEDICAL INSTITUTIONS & HOSPITALS: Narayana Hrudayalaya, Gujarat join hands for health city project
Will initially invest Rs 480 cr in heart hospital. Bangalore, Jan. 16 Narayana Hrudayalaya, the hospitals conglomerate promoted by Dr Devi Shetty, said it has signed an MoU with the Gujarat Government to set up a 5,000-bed Health City in ...

PETROLEUM: ‘Bombay High Court could revise its earlier interim order on RIL’
Mumbai, Jan 16 The division bench of the Bombay High Court, on Monday, could revise its earlier order restraining Reliance Industries from creating any third party rights in the KG basin gas supply, Mr Mohan Parasaran, Additional ...

HEALTH: Questions over health cover renewal
Hyderabad, Jan. 16 Will the crisis-ridden Satyam Computer Services be able to renew premium on health insurance to thousands of its employees, before January ...

REAL ESTATE & CONSTRUCTION: 2009 looks ‘positive’ for real estate
Bangalore, Jan. 16 The year 2009 has started off on a good note for the real estate industry, with buyers showing interest in the market ...

HEALTH: Ratan Jalan launches healthcare consultancy
Bangalore, Jan. 16 Mr Ratan Jalan, former CEO of Apollo Health and Lifestyle, has launched consulting firm Medium Healthcare and says he wants to promote innovative, alternative models that spur the healthcare sector and go beyond ...

EDUCATION: Decline in overseas scholarship offers likely
New Delhi, Jan. 16 Students seeking funds to study in universities abroad will find it difficult this year as the scholarships on offer from western universities have ...

TOURISM: Karnataka Tourism chalks out new formats to woo visitors
Bangalore, Jan. 16 The Department of Tourism, Karnataka, plans to develop heli, cruise and boathouse tourism ...

POWER: Sikkim: Strike against power projects enters 577th day
Gangtok, Jan. 16 The ongoing relay hunger strike by Affected Citizens of Teesta (ACT) against the proposed mega hydel power projects in North Sikkim reached its 577th day on Friday. The longest protest in the history of Sikkim has not received ...

EDUCATION: No reason to change governance system: IIM-A
Ahmedabad, Jan. 16 In its official response to the RC Bhargava Review Committee report, the board of the Indian Institute of Management-Ahmedabad objected to doubts raised over its governance structure, said Prof Sameer Barua, ...

EDUCATION: Satya Prabhakar, President and CEO, Sulekha.com; Loyola Institute of Business Administration, Chennai
Chennai, Jan. 16 People are the most important resource of an organisation and it is they who help create value in the organisation and lead it to success, said Mr Satya Prabhakar, President and CEO ...