The Hindu Business Line : Sunday, March 08, 2009

INDUSTRY & ECONOMY

ECONOMY: Corporate India looks at pruning executive salaries
Bid to counter economic slowdown. Chennai/Mumbai, March 7 Corporate India is now looking at cutting executive salaries as it continues to grapple with the economic slowdown and come up with ways to ...

REAL ESTATE & CONSTRUCTION: Home truths on resale offers
With the turn in economy, property prices have undergone a correction in most regions. Yet, despite the recent interest rate cuts across banks, individuals are reluctant to buy new property as they expect further correction. The prospect of ...

ENVIRONMENT: Slowdown hits carbon credits earned by Indian cos
United Nations body also makes norms more stringent. New Delhi, March 7 The economic slowdown, visible through the drop in industrial production in the past few months, also seems to be affecting the ability of the companies to generate carbon ...

REAL ESTATE & CONSTRUCTION: Freeze after the frenzy
The dramatic turnaround in the housing market — from a buying frenzy to a virtual buying freeze — has upturned the scales that were overtly tipped in favour of the builder till not so long ago. A variety of factors, with ...

EVENTS: Weekly News Round-up
Sending a strong signal to banks to lower lending rates, the Reserve Bank of India on Wednesday cut repo and reverse repo rates by half a percentage point each with immediate effect. With the latest cut, the repo, the rate at which the RBI ...

EVENTS: 30% rise in exhibitors at Aahar 2009
New Delhi, March 7 The country’s leading exhibition for food, food processing, hotel and restaurant equipment and supplies in Asia, Aahar 2009, got off to a nice start here as a reliable platform for B2B transactions, exploration of ...

FOREIGN DIRECT INVESTMENT: FDI companies clock lower growth rate in profits in 2006-07
Foreign Direct Investment (FDI) companies experienced lower growth rates in gross profits and profits after tax compared with those of non-FDI companies during ...

ECONOMY: ‘Time to reassess free market prescription’
Hyderabad, March 7 “The impact of the economic meltdown that we have been seeing in the last few months globally reminds us that perhaps, we need to reassess the free market prescription in the manner in which it is got to be ...

ECONOMY: OECD leading indicators reach new low in January
Mumbai, March 7 The OECD composite leading indicators (CLIs), an index of the industrial countries’ economic health, reached a new low, going by data for January 2009, the ...

DISINVESTMENT: Financial bids for DPSC’s stake to open on March 10
Kolkata, March 7 The new date for opening of the financial bids for the 57.17 per cent equity stake sale of State-owned power distribution firm DPSC Ltd has been fixed as March 10 by Andrew Yule Ltd (AYL), Mr Kallol Datta, Chairman and ...

ECONOMY: Chidambaram forecasts return to high growth path by 2010
Mumbai, March 7 The Home Minister, Mr P. Chidambaram, said the Indian economy would start recovering from the third quarter of the coming fiscal and end the year with 7 per cent ...

PETROLEUM: Fresh twist to RIL, NTPC gas supply pact
Mumbai, March 7 Reliance Industries is reportedly willing to supply gas to NTPC at the Government-fixed rate of $4.20 an mmbtu, according to top sources. However, if this was to happen, NTPC must withdraw the pending case in the Bombay ...

POWER: Koodankulam N-power project to start supply by December
Madurai, March 7 The Koodankulam Nuclear Power Project (KKNPP) is most likely to start supply of power by December 2009, according to Mr S.K. Jain, Chairman and Managing Director, Nuclear Power Corporation of India ...

REAL ESTATE & CONSTRUCTION: Prices still a sales dampener

Property buyers appear to be waiting to catch the bottom of dropping prices, if three real-estate fairs over the last two months in Mumbai are anything to ...

DAIRY & DAIRY PRODUCTS: Clarification
With regard to the news item “Non-tariff barrier on Australian dairy items goes” on March 5, the Deputy High Commissioner of the Australian High Commission, Dr Lachlan Strahan, clarifies that the Indian Government has not lifted ...

INDUSTRY ASSOCIATIONS: Swaminathan to head CII southern region
Mr C.R. Swaminathan, Chief Executive, PSG Institutions, Coimbatore, has been elected as the Chairman of CII - Southern Region for the year 2009-10, while Mr S. Gopalakrishnan, Chief Executive Officer and Managing Director of Infosys ...