The Hindu Business Line : Sunday, February 15, 2009

INDUSTRY & ECONOMY

POWER: NTPC, Nuclear Power Corpn to invest Rs 15,000 cr in 8 yrs
Pact signed for forming jt venture; NPCIL will hold 51% stake. Mumbai, Feb. 14 NTPC Ltd and Nuclear Power Corporation Ltd (NPCIL) would jointly invest around Rs 15,000 crore in the next eight years to set up nuclear power plants in the country. ...

ECONOMY: PSUs cough up record interim dividends
Despite economic slowdown and weak results this fiscal. New Delhi, Feb. 14 A slowdown may well be in the air, but the interim dividends being forked out by the ‘navratna’ public sector undertakings (PSUs) seem oblivious to the ...

REAL ESTATE & CONSTRUCTION: Now, an EMI holiday
From equated monthly instalment (EMI) subvention, it is now EMI holiday, with real estate developers agreeing to bear the buyers’ repayment obligation till handing over ...

ECONOMY: Stock market movement seen range-bound
Consolidating now after free fall: Doha Brokerage. Thiruvananthapuram, Feb. 14 The capital market is expected to behave in a range-bound manner and the height it reached in 2008 is unlikely to be breached anytime soon, according to Mr Prince ...

ECONOMY: Bengal Annual Plan pegged at Rs 14,150 cr
New Delhi, Feb. 14 The Annual Plan size of West Bengal for the year 2009-10 has been pegged at Rs 14,150 crore inclusive of additional Central assistance of Rs 50 crore for projects of special interest to the State. This was decided on ...

ENVIRONMENT: Stumbling blocks in the green path
After the US, Australia and Canada, India has emerged as the hottest destination for green buildings. According to estimates from the construction industry, 3,04,800 sq.m was to be under green buildings by end-2008, from 6,000 sq.m in ...

REAL ESTATE & CONSTRUCTION: Vipul project in Bhubaneshwar
Vipul Ltd has entered the real estate market in the east with a project in the heart of Bhubaneshwar. According to a press release from the company, the project, Vipul Gardens, a 10-acre integrated residential complex with 578 residential ...

EVENTS: ‘Need for better learning model, content change’
Chennai, Feb. 14 The three challenges — excellence, expansion and accessibility — have to be addressed to improve educational standards in the country, said Mr Sam Pitroda, Chairman, National Knowledge Commission, in his ...

NON-CONVENTIONAL ENERGY: Hero Electric to launch 7 more models this year
Hyderabad, Feb. 14 Hero Electric, part of the diversified Hero group, is set to launch a range of electric bikes during the year, including their first “high speed” bike range within two ...

COAL: NMDC eyeing tie-ups for coal block acquisitions
Hyderabad, Feb. 14 The public sector National Mineral Development Corporation Ltd (NMDC) is looking at forging partnerships for acquiring coal blocks within the country to feed its proposed steel, pellet and power ...

REGULATORY BODIES & RULINGS: Regulator for logistics sector suggested
Bangalore, Feb. 14 Mr D.P. Agarwal, Vice-Chairman & Managing Director of TCI Group, leading integrated supply chain and logistics solutions provider, has suggested setting up a regulatory authority for the logistics sector on the lines of ...

ANTI-DUMPING: Provisional dumping duty on imported fibre board proposed
New Delhi, Feb. 14 The Designated Authority in the Commerce Ministry has recommended imposition of provisional anti-dumping duty on imported Plain Medium Density Fibre (MDF) Board from China, Malaysia, New Zealand, Thailand and Sri ...

EVENTS: DRDO identifies 20 technology gaps
To tie up with varsities for research in these areas. Bangalore, Feb. 14 The Defence Research and Development Organisation has zeroed-in on 20 technology gaps which it will address in order to develop futuristic products for the Armed Forces, ...

HEALTH: Health project with World Bank signed
New Delhi, Feb. 14 India has signed a financing agreement of national vector borne disease control and polio eradication support project with the World ...

RURAL DEVELOPMENT: Nabard plans farmer self-help groups
Pune, Feb. 14 Farmer SHGs (self-help groups) are going to be set up across ...

EVENTS: Weekly News Round-up
The Railway Minister, Mr Lalu Prasad, presented the Railways Interim Budget on Friday. He left freight rates unchanged and slashed AC fares of all classes by two per cent. He also cut sleeper and second class tickets costing over Rs 50 by two ...

RURAL DEVELOPMENT: Nabard, Jain Irrigation sign MoU for village development
Mumbai, Feb. 14 National Bank for Agriculture and Rural Development (Nabard) has signed a memorandum of understanding with Jain Irrigation Systems Ltd for its ‘Village Development Plan’ and implementation of Natural ...

KNITWEAR & HOSIERY: Tirupur exporters hail rail budget
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INCOME TAX: Tax investments and risk
Do you rush to make your tax saving investments at the fag end of the year, and end up making ...

ECONOMY: Confusion over growth prospects
Bangalore, Feb. 14 The Central Statistical Organisation’s advance estimate of 7.1 per cent growth in gross domestic product for 2008-09 (Rs 33,51,653 crore at 1999-00 prices) is higher than most other ...

ECONOMY: Trends in US retail sales
Retail sales in the US made a surprise rebound in January 2009, recording a one per cent gain against a consensus estimate of a 0.8 per cent decline. The rise in sales, coming after a three per cent drop in December, was unexpected, given the ...