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Tuesday, January 20, 2009
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INDUSTRY & ECONOMY

ECONOMIC OFFENCES: SFIO looking into Satyam, Maytas ‘nexus’
New Delhi, Jan. 19 Finding an apparent “nexus” between events taking place in Satyam Computer Services and Maytas Properties Ltd and Maytas Infra Ltd, the Government on Monday expanded the scope of investigations being undertaken ...

SSI: Coimbatore fabrication units plan Rs 500-crore investment
To ramp up production, create new capacity. Coimbatore, Jan. 19 The fabrication industry in Coimbatore is set for a major push with the launch of large projects in both public and private sectors in and around the city and with outsourcing ...

ECONOMY: Capital goods downturn, slackening mining sector point to slowdown
New Delhi, Jan. 19 While the rebound in industrial production estimates for November brought in some cheer, the moderating investment climate, as indicated by the downturn in the capital goods sector, coupled with waning output in core ...

RADIO/TV: Cable TV viewing to cost more
Chennai, Jan. 19 Recently, one of the cable-TV service providers in Tamil Nadu, Sumangali Cable Vision (SCV) revised its bouquet tariff rates upwards. Though there was no official announcement from the company on the percentage of ...

BREWERIES: Excise hike hits wine sales in Maharashtra
Pune, Jan. 19 Steep excise duty seems to have taken the fizz off the wine sales ...

FOREIGN TRADE: India’s commitment to Africa total, says Pranab
Time to shift focus from trade to investment. India today said that its commitment to Africa is “total” and is looking forward to “close partnership with Africa in its ...

REAL ESTATE & CONSTRUCTION: Vedanta cancels Rs 233-cr Maytas Infra order
Maytas Infra CEO P.K. Madhav quits. Hyderabad, Jan. 19 The whole-time director and Chief Executive Officer of the troubled Maytas Infra Ltd., Mr P.K. Madhav, has quit citing personal ...

AUTOMOBILES: SIAT 2009 to focus on eco-mobility
Technologists, researchers and scientists from across the automotive and allied industry and academia from across the globe would discuss eco-mobility at the forthcoming Symposium on International Automotive Technology (SIAT 2009), ...

FOODS & FOOD PROCESSING: Seminar on potential of food processing units
Kochi, Jan. 19 The Indian processed food industry is poised to leapfrog to the higher growth trajectory, and global food investors are tracking its ...

ECONOMY: Warring Kerala fronts to join hands on developmental issues
Kochi, Jan. 19 Kerala’s two political fronts have agreed to follow a policy of co-operation on developmental issues, while at the same time opposing each other on political ...

PETROLEUM: Cairn’s discoveries in Rajasthan block commercially exploitable
New Delhi, Jan. 19 The three discoveries made by Cairn India in 2005-06 in its prolific Rajasthan block have got the Government nod for commercial ...

TOURISM: Nepal declares 2011 as ‘Year of Tourism’
Bangalore, Jan. 19 The Nepal Government has announced 2011 as ‘Nepal Tourism Year’, and is gearing up to woo more international tourists to the country. “We hope to double our arrivals by 2011; we expect at least one ...

PLASTICS: ‘Plastic exports to miss target due to slowdown’
Chennai, Jan. 19 Plastic exports target of $4.3 billion in 2008-09 would not be achieved due to global meltdown, said Mr Arvind Mehta, President, PlastIndia, the apex body of plastic associations ...

TERRORISM: More opting for terror cover
In the aftermath of the recent terrorist attack in Mumbai, the takers for terrorism cover appear to be on ...

TAXATION: Tally simplifies VAT e-filing
...

EVENTS: TMA meet on growth prospects
...

CEMENT: UltraTech: Sales strong, margins down
Lower fuel, input costs yet to reflect in numbers. BL Research Bureau It’s the second quarter in succession that UltraTech Cement’s profits have slipped on the back of rising costs and a slippage in operating profit ...

ENTREPRENEURSHIP: Entrepreneurship summit
The Centre for Entrepreneurship and Innovation at IIM Calcutta is organising the second annual entrepreneurship summit on January 24 at the IIM Calcutta campus, says a press release. – ...

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




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Markets (Jan 19)
Nifty (at close)2,846.20(+17.75)
US Dollar (Buy/Sell)48.65/66
Brent crude (a bbl) Rs2,132
Gold (a gram) Rs1,228
Silver (a kg) Rs19,090


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