The Hindu Business Line : Wednesday, February 18, 2009

INDUSTRY & ECONOMY

PETROLEUM: Govt estimates petro product demand for 2008-09 at 133 mt
Bulk of country’s crude demand is met by West Asia: Deora. New Delhi, Feb. 17 India’s demand for petroleum products during 2008-09 is estimated to be 133.4 million tonne (mt), the Minister for Petroleum & Natural Gas, Mr Murli ...

EVENTS: Govt to hike DAVP ad rates by 10%
Still open to new relief packages, says Minister. Mumbai, Feb. 17 The Information and Broadcasting (I&B) Ministry has decided to hike the advertising rates of the Directorate of Advertising and Visual ...

BUDGET: TN announces interest-free co-operative crop loans
No new taxes in budget; VAT on some essential commodities cut. Farm loans from cooperative banks would be interest free for farmers who repay crop loans on time, announced the Tamil Nadu Finance Minister, Mr K. Anbazhagan, in the Assembly ...

MINERALS: High inland logistics cost makes Indian iron ore less competitive: KPMG
Chennai, Feb. 17 India will not likely to remain the most cost competitive source of iron ore. This is mainly because of inland logistics cost in India (specifically the Karnataka and Orissa regions) is five times that in Brazil and ...

POWER: `Improve power grid linkages'
...

PETROLEUM: ECIL software for Mundra pipeline
Electronics Corporation of India Ltd (ECIL) has supplied and commissioned the Scada technology system for Mundra Delhi Product Pipeline of HPCL. A release from ECIL said that the Scada Division has designed, tested, installed and commissioned ...

INDUSTRY ASSOCIATIONS: IRSE's Indian chapter
...

BUDGET: Chambers disappointed with interim budget
Kochi, Feb. 17 The trade and industry described the interim budget as disappointing as there is nothing in it to meet the growing financial crisis and to stimulate the ...

REAL ESTATE & CONSTRUCTION: The tale of Maytas twins
Hyderabad, Feb. 17 The controversial decision by the former board of Satyam Computer Services on December 16, 2008 to acquire the Maytas twins, promoted by Mr B Ramalinga Raju, has ultimately pushed the two companies into deep trouble, with ...

ECONOMY: Banks put overseas expansion on hold
Global slowdown forcing a rethink, say bankers. Chennai, Feb.17 The global meltdown has made several Indian banks put a hold on their overseas ...

TOURISM: Bustling temple town
The bustling little pilgrim town of Puri does not seem to sleep a wink. The lives and livelihoods here revolve around the 12th century Lord Jagannath temple, which reflects, frozen on its walls, the prosperous economic, social and cultural life ...

FERTILISERS: Infertile policy
When the UPA government’s performance is evaluated, agriculture is sure to stand out like a sore thumb. No doubt, in the last five years, credit flows have improved, farm debt has been waived, minimum support prices have been hiked and ...

PETROLEUM: Meltdown hits IOC’s Turkey plans
Kolkata, Feb. 17 Indian Oil Corporation seems to have left its Turkish dreams ...

EVENTS: Nilekani lists ways to develop semiconductor market
Bangalore, Feb. 17 Government investments in sectors such as communications, energy and healthcare could provide a boost to the semiconductor consumption in the country, opined Infosys Vice-Chairman Mr ...

CHEMICALS: Tata Chem falls over UN green standards
Mumbai, Feb. 17 Tata Chemicals shares closed 2.86 per cent lower on Tuesday after a volatile trading ...

BUDGET: ‘Thrust to power projects to help small industries’
Madurai, Feb. 17 The Madurai District Tiny and Small Scale Industries Association (Maditssia) has described the Tamil Nadu Budget for 2009-10 as growth-oriented for the small scale ...

ENVIRONMENT: Kerala to amend Ecologically Fragile Land Act
The Kerala Government will amend the Ecologically Fragile Land Act to solve the problems faced by small and ...

EDUCATION: TERI, Hyderabad varsity sign MoU for academic links
Hyderabad, Feb. 17 The Energy and Resources Institute (TERI) and University of Hyderabad (UoH) have signed a Memorandum of Understanding (MoU) for operating academic links between both the ...

BUDGET: Jharkhand vote on account placed in LS
New Delhi, Feb 17 The Budget of Jharkhand for 2009-10 has projected a revenue surplus and a modes fiscal deficit with no fresh tax proposals as the State is under ...

INDUSTRY ASSOCIATIONS: Net sales, profit growth rates slowing: CII report

EVENTS: MMA annual meet on Feb 20, 21
Madras Management Association expects 800 delegates and 220 management students to attend its annual convention called “Navigating Uncertain Times” on February 20 ...

KNITWEAR & HOSIERY: DHL launches Asia-Pacific fashion centre in Tirupur
Mumbai, Feb. 17 Cashing in on the opportunity that exists for logistics of apparel and fashion industry, DHL launched its Asia-Pacific ‘Fashion and Apparel Center for Excellence’ in India on ...

RADIO/TV: Slumdog Millionaire on Tata Sky
New Delhi, Feb. 17 Tata Sky will be featuring the Oscar-nominated film Slumdog Millionaire on its pay-per-view service in the run up of the Oscar ...

RESEARCH & DEVELOPMENT: The problem with book values
Bangalore, Feb. 17 What accounts for the difference between the book value and market value of a company? A company is supposed to be worth what the highest bidder is willing to pay. This, in turn, should be equal to the present value of ...

EVENTS: Mr Vikramaditya Duggal, AGM, Staff Training College; SBI staff college, Hyderabad
Hyderabad, Feb. 17 “If you want to change what you are getting, you need to change what you are doing,” according to Mr Vikramaditya Duggal, Assistant General Manager (AGM), Staff Training College, SBI ...

EDUCATION: Mr Vishnu Bhardwaj, CEO, Management Foundations; NSB School of Business, New Delhi
New Delhi, Feb. 17 Growth is a natural instinct of mankind and people want to take lead steps in life. The elusive success can be achieved with perseverance, attitude and ability to take risks, said Mr Vishnu Bhardwaj, Chairman and ...

ECONOMY: Bottom of the pyramid demographics
Chennai, Feb. 17 About 75 per cent of the country’s population lives in villages but agriculture accounts for only 20 per cent of GDP. Even today people never hesitate to trot out this tired old line to dramatise the plight ...

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