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INDUSTRY & ECONOMY
ECONOMY:
India fares better than developed markets
But comes last among BRIC as Brazil, China gain. Mumbai, Feb. 27 Indian equity indices have fared better than their counterparts in developed countries in the past month. However, they have not done as well as the other BRIC nations, which have ...
ECONOMY:
Slowdown hurts Q3 GDP growth
Economy expands 5.3%, slowest quarterly growth in 6 years. New Delhi, Feb. 27 The country’s gross domestic product (GDP) expanded by 5.3 per cent in October-December 2008, the slowest in any quarter in the UPA regime and in almost the ...
ECONOMY:
Rupee slips to record low of 51.15
Mumbai, Feb. 27 The rupee closed at a life-time low of 51.15 to the dollar on Friday on account of heavy month-end demand for the greenback, weak GDP numbers, and diminishing ...
BREWERIES:
Excess supply turns things sour for grape farmers
Muted demand for wine on recession, terrorism. Pune, Feb. 27 There seems to be more trouble than wine brewing in Maharashtra’s wine hinterland, as supply of varietal wine grapes this season is in far excess of demand, sparking fears that ...
EDUCATION:
Education in ‘commercial’ sweep
Vide Notification No. 7/2003 dated June 20, 2003, service tax has been imposed on “commercial training or coaching centre”, which phrase has been defined in Section 65(27) of the Finance Act, 1994. To fall under this category ...
BUDGET:
Get cracking on evaders
Before the presentation of the Interim Budget, there was eager anticipation that direct tax stimuli would be provided because of the troubles facing India Inc.. Surprisingly, apart from higher deprecation for commercial vehicles, provided ...
POWER:
Cabinet to approve nuclear park sites soon: Chavan
The Centre is slated to announce a final list of sites for setting up imported light water reactor-based nuclear power parks ...
EVENTS:
Goafest to define ad industry role in managing slowdown
‘Looking at this as an opportunity in terms of exposure’. Mumbai, Feb. 27 Goafest, possibly the second largest advertising festival after Cannes, promises to be a celebration of creativity and a gathering for learning and ...
GEMS & JEWELLERY:
Boosters for gem and jewellery would have marginal impact
‘Production cost would reduce, supply of gold would be smoother’. Mumbai, Feb. 27 The sops for the gem and jewellery sector announced on Thursday would have a marginal impact on the ailing industry, said ...
AUTOMOBILE COMPONENTS:
Ambattur auto cos press ahead with capex plans
Chennai, Feb. 27 Slowdown notwithstanding, as many as 30 companies in the Ambattur industrial estate in Chennai have submitted project proposals involving a capital expenditure of $70 million (Rs 350 crore), according to Dr James Daniel ...
ECONOMY:
Ideas for poverty-free TN
The Confederation of Indian Industry has identified six “transformation ideas” for Tamil Nadu to become a poverty-free State by 2010, according to Mr Manikam Ramaswami, Chairman, CII (Tamil Nadu). At a press conference here, he ...
NEWSPAPERS & PUBLISHING:
Govt hikes ad rates for media by 10%
New Delhi, Feb. 27 The Government has cleared the proposal to raise by 10 per cent the rates of Government advertisements to the media. It is also exempting the 15 per cent commission that the Directorate of Advertising and Visual ...
POWER:
GMR Group looking at coastal sites for power plants
Hyderabad, Feb. 27 GMR Group, which has completed two major acquisitions of coalfields in Indonesia and South Africa recently, is on the lookout for possible sites in Gujarat, Maharashtra, Andhra Pradesh and Orissa to set up ...
POWER:
Kerala to withdraw thermal power surcharge
Thiruvananthapuram, Feb 27 The thermal power surcharge now being levied in Kerala is to be withdrawn in the light of the fall in the fuel prices, including that ...
INDUSTRY ASSOCIATIONS:
CII Madurai Zone chairman
Madurai: Mr Bharath K.S. has been elected as the new Chairman and Dr. Aravind Srinivasan as Vice-Chairman of Confederation of Indian Industry, Madurai . ...
EMPLOYMENT:
Karnataka is still hiring
Bangalore, Feb. 27 People may be losing jobs thick and fast all over the country, but there is no evidence of any let-up in hiring in ...
Columnists:
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B Venkatesh
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C Gopinath
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Bhanoji Rao
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P.V. Indiresan
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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