The Hindu Business Line : Thursday, April 23, 2009

INDUSTRY & ECONOMY

REAL ESTATE & CONSTRUCTION: Drop in office space rentals
BRE attributes it to low demand and freeze on development. Mumbai, April 22 Office space rentals have dropped five to 20 per cent across cities in the first quarter of 2009 as compared to the last ...

PETROLEUM: ‘Exploration companies need to take more risks’
To meet the challenges of growing oil, gas demand. The oil and gas companies operating in India have to look sharp if they want to meet the challenges of the ...

HOTELS: Chennai hoteliers keep building in slowdown
Despite a slump in occupancies (to about 50 per cent), Chennai is witnessing no slowdown in construction of hotels. Coming up in the city are as many as seven large hotels, with a total investment of over Rs ...

ECONOMY: Monetise fiscal deficit to help investment, says CII President
Mumbai, April 22 India must monetise its burgeoning fiscal deficit to help private investment, boost economy and drive up demand, said Mr Venu Srinivasan, Confederation of Indian Industry (CII) President, ...

TYRES: Tyre makers blame futures for high rubber prices
Seek cut in trading margins to 2%. A delegation from Automotive Tyre Manufacturers Association (ATMA) has met the Rubber Board Chairman, Mr Sajan Peter, in Kottayam and appraised him of the difficulties faced by the tyre industry on account of ...

INDUSTRY ASSOCIATIONS: Industry bodies seek more reduction in rates
The apex chambers of commerce and industry hailed the Credit Policy announced by the Reserve Bank of India (RBI) on Tuesday but expressed that there was a need for further ...

EXPORTS & IMPORTS: ‘Tea exports may not hit target’
Kolkata, April 22 The targeted 210 million kg of tea exports in 2009-10 might not be achieved, according to Mr Basudeb Banerjee, Chairman of Tea Board of ...

PETROLEUM: NTPC case: Reliance allowed to amend ‘written statement’
Mumbai, April 22 The Bombay High Court on Wednesday permitted Reliance Industries Ltd to amend the ‘written statement’ in its ongoing suit against ...

HUMAN RESOURCES: Infrastructure projects not impacted by recession, we’re still hiring: Atul Punj
Singapore, April 22 Despite the economic downturn, Punj Lloyd Ltd plans to increase its workforce by 15 per cent for the construction and design side of its business, said the Chairman of the Group, Mr Atul Punj. The ...

POWER: GSPC uses meltdown to cut development cost of KG field
Company re-negotiating hiring contracts for exploration. Kolkata, April 22 Thanks to the meltdown, GSPC now estimates to limit the development cost of its KG field to a “little lower than $1 ...

POWER: Gas-based IPPs get into production mode
Sign up for Krishna-Godavari gas. Hyderabad, April 22 Independent power producers (IPPs) GVK Power and Infrastructure, GMR Energy and Konaseema have signed up for natural gas linkage from the Krishna-Godavari basin ...

CEMENT: Ambuja Cements net sales rise
Mumbai, April 22 Ambuja Cements production rose 5.7 per cent to five million tonnes for the first quarter ended March 31, 2009, compared with 4.7 million tonnes logged during the same period the previous ...

NATURAL CALAMITIES: Rain havoc
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ECONOMIC OFFENCES: Raju made benami share deals: CBI
Hyderabad, April 22 The Central Bureau of Investigation (CBI), which is investigating into the Rs 7,136-crore financial fraud at Satyam Computer Services, has alleged that Mr B Ramalinga Raju, the former Satyam Chairman, had resorted to ...

FOREIGN TRADE: ‘Mistrust hindering India-Russia trade growth’
Kolkata, April 22 Lack of knowledge about the business potentials and a general climate of mistrust between the private sector enterprises in India and Russia were the key reasons for the sluggish growth in bilateral trade between the ...

PHARMACEUTICALS: Dr Reddy’s new drug
Dr Reddy’s Laboratories Ltd has launched Redispar, a drug used in the treatment of secondary hyperparathyroidism due to chronic kidney disease, in India. Redispar (Doxercalciferol) is the first pro-vitamin D2 to be available in the ...