The Hindu Business Line : Sunday, March 01, 2009

INDUSTRY & ECONOMY

ECONOMY: General elections spending could provide stimulus to economy
Total expenditure may be between Rs 15,000 cr and Rs 16,000 cr. The General Election related expenditure could impart a much-needed spending stimulus of about Rs 15,000-16,000 crore to the ...

ECONOMY: Indian rupee stays more resilient in 2009
Slowing exports lead to currency depreciation. Even as the rupee hovers at a new lifetime low of Rs 51.1 to a dollar, did you know that the Indian currency has been among the more resilient in ...

ECONOMY: Govt, RBI sign new deal on market stabilisation scheme
New Delhi, Feb. 28 The Government and the Reserve Bank of India have entered into a memorandum of understanding (MoU) to amend an existing arrangement under the market stabilisation scheme ...

REAL ESTATE & CONSTRUCTION: It’s still advantage OMR
Old Mahabalipuram Road (OMR), the IT corridor or Rajiv Gandhi Salai — names that refer to a 35-km stretch of road running south from Adyar in Chennai which has been in the news often. It is a stretch that stands as a showpiece, as ...

REAL ESTATE & CONSTRUCTION: Grasp the ground reality
“When will the prices fall?” This could have been the most frequently asked question by interested property buyers a year ago. Now, at offerings as low as Rs 1,800 per sq.ft for new residential apartments in key cities, it may ...

EDUCATION: Saving for education is no child’s play
It is the dream of every parent to secure their children’s future, especially in the field of education. A recent survey conducted by Aviva Life Insurance across 25 countries on the attitudes towards savings shows that Indians ...

REAL ESTATE & CONSTRUCTION: ‘Bring down prices or else….’
“During two decades of our doing business in Chennai never have buyers wanted to cancel after a contract was finalised and construction started,” says Mr R.V. Shekar, Managing Director, ...

REAL ESTATE & CONSTRUCTION: Trends in office rentals
Bangalore ranks second among the best performing office location in Asia as of December 2008, according to a report by Cushman & Wakefield, international property consultants. According to the report ‘Office Space Across the ...

FERTILISERS: GAIL signs pact for gas supply to 4 fertiliser units
GAIL (India) Ltd has signed agreements to supply 4.89 million standard cubic metres a day (mmscmd) of natural gas to four fertiliser ...

ECONOMY: Himachal Plan outlay Rs 2,700 cr
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EVENTS: Extrusion tech seminar on March 7
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ECONOMY: Seshasayee warns against too much role for governments
Chennai, Feb. 28 As a consequence of the global economic meltdown the world is seeing an increasing role for the governments in economic space. This is essential today, but political leadership across the world should ensure ...

EVENTS: RBI, Finance Ministry hold talks on G-20 meet
New Delhi, Feb. 28 Ahead of the meeting of G-20 Finance Ministers and Central Bank Governors in mid-March, the Reserve Bank of India Governor, Dr D. Subbarao, on Saturday held “preparatory” discussions with the Planning ...

INFRASTRUCTURE: Mahindra SEZ opens light engineering space
Mumbai, Feb. 28 The light engineering and handicrafts special economic zone of Mahindra World City, Jaipur, was inaugurated ...

EVENTS: Weekly News Round-up
Soon after the close of market hours on Friday, Reliance Industries and its newly created refining behemoth, Reliance Petroleum threw a surprise, saying their boards would meet on Monday to consider amalgamation of RPL with the ...

PETROLEUM: Aviation fuel prices cut by Rs 2 a litre
New Delhi, Feb. 28 Softening of the global oil market has seen the price that domestic airlines pay for aviation fuel decline for the second time in a fortnight, but passengers will have to wait longer to pay less ...

REAL ESTATE & CONSTRUCTION: Maytas Infra files case against Vedanta
Hyderabad, Feb. 28 Maytas Infra Ltd has filed a criminal case against Vedanta Aluminium Ltd (VAL) and eight of ...

ECONOMY: 2% incentive for garment, leather exports to EU, US from Apr 1
New Delhi, Feb. 28 Exports of garments and all leather items to the European Union and the US from April 1 this year will be entitled to a two per cent incentive from the ...

READYMADE GARMENTS: All’s not lost for apparel exporters
Bangalore, Feb. 28 The recession might have affected garment exporters badly, but so far, Bangalore, one of India’s major apparel export centres, has not really been hit. According to officials in the state textiles and ...