The Hindu Business Line : Saturday, April 18, 2009

INDUSTRY & ECONOMY

ECONOMY: ‘Near-normal’ monsoon forecast
Thiruvananthapuram, April 17 India Meteorological Department (IMD) has said that rainfall during this year’s southwest monsoon season (June to September) will be ‘near normal’ for the country as a ...

ECONOMIC OFFENCES: ‘Rs 70 lakh cr Indian money in Swiss banks, other havens’
Mumbai, April 17 Slush money stashed away in secret Swiss bank accounts and other tax havens across the world has come into sharp focus again, with the Bharatiya Janata Party’s Prime Ministerial candidate, Mr L.K. Advani, underlining ...

INFRASTRUCTURE: DLF seeks de-notification of 4 special economic zones
Global slowdown, falling demand in IT, BPO space. New Delhi, April 17 The country’s largest real estate company DLF Ltd on Friday said it has approached the Government for de-notifying four IT/ITES SEZs. The SEZs are in Orissa, Gujarat, ...

NON-CONVENTIONAL ENERGY: Jatropha cultivation hit by land, viability issues
Commercial production unlikely in next two years. Chennai, April 17 In April 2003, a Planning Commission committee recommended various measures to replace 20 per cent of the country’s diesel consumption by 2017. One of the recommendations ...

ECONOMY: ‘US must take lessons from India to tackle economic crises’
US will seek India’s partnership in healthcare, education. Kolkata, April 17 The US should take lessons from countries such as India on ways to tackle economic crises and strike a balance, according to Ms Beth Payne, the US ...

ECONOMY: Double whammy for infrastructure
India is one of the fastest growing economies in the world. Despite the global financial crisis impacting most emerging market economies, India has been able to attain 7.1 per cent GDP growth in the current year making it the second ...

PETROLEUM: Promotional road shows for NELP VIII deferred
New Delhi, April 17 The promotional road shows for eighth auction round of oil and gas exploration blocks (NELP VIII) and fourth round of CBM have been ...

REAL ESTATE & CONSTRUCTION: Gulf Oil gets nod for site development
Gulf Oil Corporation Ltd has informed BSE that the board of directors of the company at its meeting held today announced it received permission from the Andhra Pradesh Government for change of land use from industrial to non-industrial for 100 ...

READYMADE GARMENTS: Garment factories make way for other facilities
Even as several small and medium garment factories crumble because of dwindling export orders, land owners of huge tracts of real estate which previously housed garment factories have started letting them out to commodity traders, paper ...

EXPORTS & IMPORTS: Govt mulls banning sugar exports
New Delhi, April 17 Stung by the sky-rocketing price of sugar that threatens to cross Rs 30 a kg, the Government is seriously considering banning the export of sugar through all ...

REAL ESTATE & CONSTRUCTION: Realty stocks gain ground
Home buyers waiting for further price correction, say analysts. Mumbai, April 17 Brushing aside the decline seen on Thursday, realty stocks on the BSE gathered a little steam on ...

RADIO/TV: Poised to steal election thunder on television
Mumbai, April 17 The Indian Premier League-2, which kicks off in South Africa on Saturday, is likely to out-run India Elections 2009 in terms of television ...

CEMENT: TN cement companies not gung-ho about Karaikal port
Chennai, April 17 Cement companies with factories in Tamil Nadu are happy that a new port has come up at Karaikal, but do not appear to be gung-ho ...

NON-CONVENTIONAL ENERGY: KG Design develops prototype technology demonstrator
Solar thermal energy plant planned in Sivaganga district. Coimbatore, April 17 KG Design Services, a division of KG Information Services Private Ltd (KGISL), has developed a prototype Technology Demonstrator in the area of solar thermal ...

COURTS/LEGAL ISSUES: HC says ‘no’ to buying properties under Smugglers Act
‘Appellate authorities did not utilise services of I-T dept’. Chennai, April 17 In the matter of some properties sought to be forfeited under the Smugglers & Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, as ...

ENVIRONMENT: ‘Fix regulations for funding eco-unfriendly projects’
New Delhi, April 17 HSBC India country head Ms Naina Lal Kidwai has sought regulations for banks on funding projects that may not be environmentally ...

MINERALS: ‘We must look at uranium mines overseas’
Mumbai, April 17 India has enough uranium to produce 10,000 MW of electricity, said Dr Anil Kakodkar, Chairman of Atomic ...

TOURISM: Chimes Aviation Academy looks to operate chartered tourist flights
New Delhi, April 17 If poor air connectivity and the long transit by roads kept high net worth individuals from a weekend getaway, then there could now be private aircraft which could help them to take off. For instance, to reach the ...

MEDICAL INSTITUTIONS & HOSPITALS: Manipal Health in tie-up with UK hospital
Manipal Health Systems has said it signed an MoU with Kentucky Children’s Hospital, University of Kentucky in the UK, for starting centres of excellence in clinical care, medical education and ...

POWER: More private power units likely to come up in TN
Madurai, April 17 Following the changes governing the norms for third party sale of power, more private players are likely to establish power generation units in the State during the current financial year, say the sources in Tamil ...

POWER: Rs 335-cr revenue gap for KSEB in 2009-10
The State Electricity Regulatory Commission (SERC) has pegged a revenue gap of Rs 335.30 crore for Kerala State Electricity Board (KSEB) for 2009-10. SERC, in its order, has approved an aggregate revenue requirement of Rs 5,316.30 crore and ...

EDUCATION: K. Shankar, management consultant; New Horizon College of Engineering, Bangalore
Bangalore, April 17 A management and business law consultant on Friday said corporate scams can be avoided if the whistle-blower policy is made mandatory in Clause 49 of SEBI ...

NON-CONVENTIONAL ENERGY: Numeric to set up solar project in TN
Numeric Power Systems, a manufacturer of UPS systems, is planning a 1-MW solar energy farm in Coimbatore. “We are setting up a solar project of 1 MW at the solar energy farm at Palladam near Coimbatore district. The cost of the project ...