The Hindu Business Line : Wednesday, April 01, 2009

INDUSTRY & ECONOMY

REGULATORY BODIES & RULINGS: ‘GSM players not entitled to more than 6.2 Mhz spectrum’
Telecom tribunal also upholds dual technology policy. New Delhi, March 31 The Telecom Dispute Settlement Appellate Tribunal (TDSAT) on Tuesday dealt a double blow to existing GSM players. It said that GSM operators did not have the right to more ...

ECONOMY: ‘Economic growth likely to be under 7%’
Bangalore, March 31 Economic growth is likely to be under seven per cent for fiscal year 2008-09, according Dr C. Rangarajan, Rajya Sabha member and former Chairman of the Prime Minister’s Economic Advisory Council. Speaking here ...

ECONOMY: India’s GDP to grow by 4.3% in 2009, says OECD
New Delhi, March 31 India’s ‘long economic upswing’ has now ended and its real gross domestic product (GDP) growth, running below potential by late 2008, is projected to be 4.3 per cent ...

EXPORTS & IMPORTS: No gold imports for second month in a row
Nine tonnes of gold coins exported in February, March. Mumbai, March 31 Gold seems to have stopped glittering for Indian consumers. For the second consecutive month, not a single tonne of gold was imported in March against 21 tonnes imports ...

POWER: AP Genco to add 500-MW unit at Vijayawada
Expects to commission another 500 MW unit later this year. Hyderabad, March 31 Andhra Pradesh Genco (APGenco) is all set to commission a 500 MW plant of the Vijayawada Thermal Power Station and synchronise it with the grid thereby taking the ...

PETROLEUM: GAIL-HPCL team outbid Reliance for city gas project
Bags 3 cities for distribution to households, automobiles. GAIL (India) Ltd is unlikely to lose its monopoly over city gas distribution (CGD). A joint venture between GAIL and Hindustan Petroleum Corporation Ltd (HPCL) has outbid ...

ECONOMY: Capital account shows deficit first time in 10 years
Current account deficit at $14.6 billion in Oct-Dec 2008. Mumbai, March 31 India’s capital account balance turned negative, showing outflows of $3.7 billion during the October-December 2008 quarter, against net inflows of $31 billion in ...

FOREIGN TRADE: Japan-Vietnam trade pact may dent India’s seafood exports
Agreement paves way for zero import duty on Hanoi products. Kochi, March 31 India’s marine product exports are likely to face pressure from Vietnam after the latter signed free-trade agreement with Japan, the largest importer of Indian ...

POWER: NTPC, IL&FS to put up 4,000-MW project each in TN
State to be power surplus in 2 years, says Minister. Chennai, March 31 Public sector power generation major, NTPC, and a subsidiary of IL&FS, will each put up a 4,000 MW power project in Tamil Nadu, the State’s Electricity Minister, Mr ...

REAL ESTATE & CONSTRUCTION: Realty prices continue downward trend in Oct-Dec quarter
‘To persist until prices bottom out, market stabilises on interest rate front’. Mumbai, March 31 Property prices continued their downward trend in the October- December quarter and the worst-hit cities include Delhi – NCR, ...

PETROLEUM: Cairn to start pumping Rajasthan crude soon to test logistics
Final production set to begin in July-Sept quarter. Cairn India Ltd will soon start pumping out crude oil in small quantities from its fields in Barmer, Rajasthan. This is to test the logistics before final productions ...

ECONOMY: Seminar on economic recession
The economic upheaval has caused a ripple in the red ocean of business world. Such crisis always calls for a platform where professionals from diversified spheres should sit together and devise innovative strategies to sustain in business. ...

HEALTH: ‘Guarantee comprehensive, quality healthcare’
People’s health must be made a political issue, Jan Swasthya Abhiyaan’s manifesto urges. New Delhi: Amid the shrill cries of “Jai Ho” and other bluster, the people’s health movement in the country, the Jan Swasthya ...

INFRASTRUCTURE: Nayachar petro investment region project may result in climatic changes
Kolkata, March 31 The proposed petroleum, chemical and petrochemicals investment regions (PCPIR) project at Nayachar, in the estuarine belt of East Midnapore, may result in an alteration in the course of the south-west monsoon resulting ...

ECONOMY: ADB, World Bank see sharp fall in GDP growth
New Delhi, March 31 Asian Development Bank (ADB) has projected India’s economic growth at 5 per cent in 2009-10, reflecting in large part the global economic ...

PSU: Kerala PSUs fare better
30 out of 42 companies make profit this fiscal. The State-owned public sector companies in Kerala have put up good performance in 2008-09 with the combined net profit projected to cross Rs 150 crore as against Rs 80 crore ...

REAL ESTATE & CONSTRUCTION: Fire Capital plans seven integrated township projects
Bangalore/Chennai, March 31 The crunch for funds has eased for real estate projects with clean land title and development permissions, thanks to a more open credit approach by the banks and the Central Government’s economic packages, ...

EDUCATION: XLRI graduation ceremony amidst tight market conditions
Jamshedpur, March 31 XLRI has conferred diplomas on 180 students for their Post Graduate Diploma in Business Management and the Postgraduate Diploma in Personnel Management and Industrial ...

HEALTH: LifeCell seeks to popularise cord-blood banking with Hrithik
Launches equated monthly instalment scheme. Mumbai, March 31 There are EMI schemes to own a car, buy a house, even study abroad. Now, you can make an EMI paymentto preserve your new-born baby’s umbilical cord blood stem-cells and ...

POWER: Nuclear Fuel Complex gets 60 tonnes uranium ore concentrate from France
The Nuclear Fuel Complex (NFC) has received 60 tonnes of uranium ore concentrate from the French Nuclear supplier, Areva NC. Areva will also supply another 240 tonnes of uranium ore by end of April 2009 to NFC as part of the contract entered ...

OVERSEAS BORROWINGS: External debt rises marginally
The total external debt increased to $230.85 billion at end December 2008, representing a 2.8 per cent increase over $224.65 billion at the end of ...

SSI: Call to promote cluster industries in Tuticorin
Madurai, March 31 Tuticorin-based All India Chamber of Commerce and Industries has urged for promotion of cluster industries in and around Tuticorin to promote industrial development in ...

EVENTS: Karuturi invited to IGD meet
Bangalore, March 31 The African agri business ventures of Mr Sai Ramakrishna Karuturi, Managing Director of Karuturi Global Ltd, have earned him an invitation to the inaugural Class of Frontier 100, an initiative of IGD (Initiative for ...

COAL: CIL pays Rs 1,705 cr dividend to Govt
...

REAL ESTATE & CONSTRUCTION: Jog Properties enters budget homes segment
Pune, March 31 Jog Properties, player in the upmarket and premium housing segment, has now entered the budget home segment with the launch of Greenland County, offering one, 1.5 and two bhk flats. The price would range Rs 12-20 ...

EMPLOYMENT: Groping for data on job losses
Bangalore, March 31 How many jobs have been, or will be, lost during the course of the slowdown is hard to estimate. One of the reasons is that the employment elasticity (EE) — or the increase or decrease in employment for a unit ...

EDUCATION: Mr Vijay Kapoor, Founder and MD, Derby Clothing; SRM University
Chennai, March 31 A recession is two successive negative GDP cycles whereas a slowdown is a decline in the growth rate, said Mr Vijay Kapoor, founder and Managing Director of Derby ...

ECONOMY: G-20 meet: Tighter regulation in store
Adam Smith certainly didn’t visualise the turn that free markets have taken. His was simple and straightforward economics — each man working for his self interest would magically deliver maximum wealth creation and full employment ...

TEXTILES: ‘Powerloom sector unaffected’
The powerloom sector has remained unaffected by the economic crisis in the US, according to Mr M.S. Mathivanan, Coordinator, Powerloom Development and Export Promotion Council (PDEXCIL). The major demand is within the country and the sector has ...