The Hindu Business Line : Thursday, March 05, 2009

INDUSTRY & ECONOMY

TAXATION: Tax relief for services done outside SEZs too
Exemption window replaced by refund mechanism. New Delhi, March 4 Services rendered from outside special economic zones (SEZs) to developers/units in such zones will now be entitled for service tax relief. The benefit would flow in the form of ...

HOTELS: Singapore co to invest in Formulae 1 hotels in India
BUDGET STAY. New Delhi, March 4 The Government has allowed AAPC Singapore Pte Ltd to invest Rs 365.78 crore in an Indian company to construct, develop, own and manage low-budget Formulae 1 hotels here. AAPC is a hotel management company and ...

EXPORTS & IMPORTS: Non-tariff barrier on Australian dairy items goes
Govt withdraws ban on artificial oestrogens in cows. Canberra, March 4 Australian cheese brands such as ‘Bega’ and ‘King Island’ may soon be seen on Indian shelves, with the Union Government doing away with a requirement ...

FOODS & FOOD PROCESSING: CFRD food microbiology lab at Konni a boon for exporters
Export-oriented food processing units in the country are to benefit from the food microbiology laboratory newly set up at Konni in Pathanamthitta district by the Council for Food Research and Development (CFRD), a food research institute ...

REAL ESTATE & CONSTRUCTION: DLF to invest Rs 2,500 cr in projects near Chennai
Chennai, March 4 The DLF group is planning invest Rs 1,200 crore in a residence project meant for the mid-income group near Siruseri on the Old Mahabalipuram Road, south of Chennai, the company’s Executive Director – Southern ...

REAL ESTATE & CONSTRUCTION: Project in Chennai: DLF working out a scheme to refund EMD
Chennai, March 4 DLF Home Developers, which is putting up a 3,493 apartment township near Sholinganallur on the Old Mahabalipuram Road, is working out a procedure through which it could return the earnest money deposited by customers, to ...

CEMENT: Cement stocks firm on rising demand from housing
Dealers in the western region increase retail price. Mumbai, March 4 Boosted by the growing demand from the housing sector, cement company stocks hogged the limelight in the Bombay Stock Exchange on Wednesday. The recent rise in retail prices ...

PETROLEUM: Low prices may hamper NELP VIII: Reliance
‘May not be very attractive for investors’. The forthcoming auction of oil and gas assets may not be very attractive for investors, as the explorers are finding it difficult to meet their existing work commitments amid the global ...

HEALTH: Workshop on heart valve repair
CARE Group of hospitals would organise a two-day workshop on ‘Valve repair – evolving technology’ at the group’s Banjara Hills facility on March 7 and 8. “Traditionally, the diseased heart valves have been replaced ...

EVENTS: Over 450 cos to take part in global food fair
India Trade Promotion Organisation partners with US-based FCSI. New Delhi, March 4 India Trade Promotion Organisation (ITPO) has forged a special partnership with the US-based Foodservice Consultants Society International (FCSI) to launch the ...

HUMAN RESOURCES: IIMB placement process extended
Bangalore, March 4 The placement process at the Indian Institute of Management, Bangalore, which is generally a brisk process with companies fighting for Day Zero slots, was extended by almost a week this ...

RURAL DEVELOPMENT: Rustic chores
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TOURISM: Bright prospects
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PETROLEUM: IOC may sell bonds worth Rs 1,500 cr
New Delhi, March 4 Indian Oil Corporation Ltd (IOC) may consider selling oil bonds worth Rs 1,000-1,500 crore if it gets a good price, Mr S.V. Narasimhan, Director (Finance), Indian Oil ...

STEEL: Moody’s downgrades Tata Steel
Mumbai, March 4 Moody’s Investors Service has downgraded the corporate family rating of Tata Steel to Ba2 from Ba1 (speculative grade, judged to have questionable credit quality). The rating remains on review for possible further ...

FOREIGN DIRECT INVESTMENT: Telcordia among 29 FDI proposals approved
New Delhi, March 4 The Government on Wednesday approved 29 foreign direct investment proposals worth Rs 616.08 ...

HEALTH: Mangalore tops in urban malaria cases
The share of Mangalore in the reported cases of urban malaria in Karnataka stood at 64 per cent in 2008, according to Mr M. Madan Gopal, Secretary of Department of Health and Family Welfare, ...

TOURISM: ‘Encourage pvt investment in tourism infrastructure’
Hyderabad, March 4 Andhra Pradesh needs to encourage private investment in tourism infrastructure, said Mr Swarnajit Sen, Chairman, Andhra Pradesh Tourism Development Corporation ...

EDUCATION: New centre for IIT-JEE coaching
Hyderabad, March 4 IIT Study Circle (IITSC), a division of New Horizons India Ltd, announced the opening of a centre to offer coaching to IIT-Joint Entrance Exam aspirants ...

INDUSTRY ASSOCIATIONS: FICCI urges banks to cut interest rates
New Delhi, March 4 The Federation of Indian Chambers of Commerce and Industry has urged the banks to cut interest rates in response to the reduction in repo rates by the Reserve Bank of ...

EDUCATION: B-school fest at Nitte
The Justice K.S. Hegde Institute of Management, Nitte, will organise ‘Ettin-09’, the national-level b-school festival, on March ...

EDUCATION: TKM entrepreneurship cell
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INDUSTRY ASSOCIATIONS: Trivandrum Chamber office-bearers
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PETROLEUM: ONGC realisation on crude sale
ONGC has said that its realisation on crude sales has been about $45 a barrel in the current quarter till now. Speaking to newspersons at the sidelines of an energy conference, here on Wednesday, Mr D.K. Sarraf, Director Finance, ONGC, said that ...