The Hindu Business Line : Saturday, February 14, 2009

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Domestic tyre makers in for more competition
As Govt begins issuing import licences sought by foreign cos. New Delhi, Feb. 13 Domestic tyre producers will have to face, once again, increased competition as the Government has started issuing licences to allow import of truck and bus radial ...

TEXTILES: AP to waive loans for weavers’ co-op societies
Cabinet nod for Rs 897-cr solid waste management project. Hyderabad, Feb. 13 With an eye on the elections, the Andhra Pradesh Cabinet on Friday took a clutch of decisions, including waiver of loans for weavers’ cooperative societies and ...

ECONOMY: Global recovery won’t happen soon: Nilekani
‘Large domestic activities will create growth’. Coimbatore, Feb. 13 Though there is economic slowdown globally, which may also have an impact on the country’s economic growth, if we invest internally, even domestic activity ...

INDUSTRY ASSOCIATIONS: Industry welcomes rail budget
Kochi, Feb 13 The trade and industry has welcomed the Railway Budget saying that the Railway Minister, Mr Lalu Prasad, needs to be complimented for turning the country’s largest public sector undertaking with a past record of ...

STEEL: Tata Steel expects Feb sales to rise by 15%
Kolkata, Feb.13 Tata Steel, the country’s largest steel producer, is expecting its sales to rise by 10-15 per cent in February from a month ago, as demand scenario is gradually improving, Mr B. Muthuraman, Managing Director, said here ...

TRAVEL & PLACES: Bangalore to have Swiss Consul office
To handle visa applications from South. Chennai, Feb. 13 A full-fledged office of the Consul General of Switzerland will soon be in operation in Bangalore along with a Swiss Scientific Office, according to Mr Peter E. Specker, the Swiss Consul ...

COURTS/LEGAL ISSUES: Court allows SFIO to quiz Raju brothers, others
Hyderabad, Feb. 13 The officials of Serious Fraud Investigation Office (SFIO), which is probing the Rs 7,136-crore Satyam fraud, have finally got a chance to question the Raju brothers and ex-CFO of Satyam Mr V. ...

GEMS & JEWELLERY: Slump seen in gem & jewellery: Fitch
Demand slowdown, inventory build-up major reasons. Mumbai, Feb, 13 One of the significant export earners for long years, the Indian gems and jewellery sector is currently facing the adverse effects of global economic slowdown. The industry has ...

POWER: ‘Capacity addition may fall short by 8,000 MW in 11th Plan’
Mumbai, Feb. 13 The capacity addition in power during the Eleventh Plan (2007-12) could fall short by about 8,000 MW against the targeted 78,700 MW, Dr Kirit Parikh, Member, Planning Commission, said here ...

PETROLEUM: Reliance KG gas supply from March third week
Kakinada, Feb. 13 Reliance Industries is getting ready to supply natural gas from its onshore facility at Gadimoga village in East Godavari district of Andhra Pradesh from the third week of March, according to Mr P.M.S. Prasad, ...

INDUSTRY ASSOCIATIONS: Siema finds Rly Budget a mixed bag
Coimbatore, Feb. 13 The Southern India Engineering Manufacturers’ Association (SIEMA), while welcoming some of the provisions of the Railway Budget, has expressed disappointment that the long-pending requests of people of the region ...

EXPORTS & IMPORTS: ECGC to raise cover for banks, small exporters
Mumbai, Feb. 13 Export Credit Guarantee Corporation of India (ECGC) will provide enhanced insurance cover to micro, small and medium (MSME) exporters and banks financing such MSME ...

EXPORTS & IMPORTS: Diamond dollar a/cs norms eased
Mumbai, Feb. 13 The Reserve Bank of Indiahas liberalised the conditions for opening diamond dollar accounts (DDA) and allowed AD Category– I banks to permit firms and companies to open and ...

GEMS & JEWELLERY: World Gold Council asks Govt to help artisans
Bangalore, Feb. 13 The World Gold Council has urged the Government to set up a welfare fund to uplift artisans ailing from the economic downturn. With workers in the gem and jewellery industry being laid off in large numbers, the World ...

POWER: ‘Efforts on to step up power generation’
New Delhi, Feb 13 The Centre on Friday said it has taken various steps, including import of coal, to ramp up power generation capacity in the country. “We have taken steps to enhance power generation ... have imported coal to bridge the ...

SSI: Guindy Estate to have multi-storied manufacturing complex
Chennai, Feb. 13Guindy Industrial Estate will soon have a multi-storied manufacturing complex, specifically dedicated to micro and small enterprises, the CMD of Tamil Nadu Small Industries Development Corporation Ltd (TANSIDCO), Mr D. ...

AWARDS & HONOURS: Bharat Asmita for IIM-K professor
Professor Shekhar Chaudhuri, Director, IIM-Kolkata, has been awarded the Bharat Asmita Acharya Shrestha Award for 2009. The award was given away by the Vice-President, Mr Mohd. Hamid Ansari, in New Delhi earlier this month. The award carries ...