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Saturday, April 25, 2009
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INDUSTRY & ECONOMY

PETROLEUM: RIL’s refining biz throws up negative surprise: Analysts
‘Petrochemical business offsets weakness in refining’. Kolkata, April 24 The Reliance Industries stock, one of the Dalal Street heavyweights, received prompt reviews from brokerages and readjustment in forward outlook after ...

NRIS: Taxing expat income in India
Towards the mid-1990s, as India opened itself up to foreign investment, there was an influx of foreign nationals into India. These foreign nationals (“expatriates”), who typically came to India on temporary assignments of three to ...

NRIS: Immunity for agent of non-resident
Remember the Vodafone case? One Non-Resident Company parted with its controlling interest in an Indian company in favour of another non-resident company for a huge consideration. The question arose whether there is liability in India for ...

NON-CONVENTIONAL ENERGY: Unchecked tax gains from trash
Section 80JJA confers a five-year tax holiday on the entire profit earned from the business of collecting and processing or treating bio-degradable waste for generating power or producing bio-fertilisers, bio-pesticides or other biological ...

REAL ESTATE & CONSTRUCTION: Amended TN land reforms law not arbitrary: HC
Chennai, April 24 Land owners in Tamil Nadu had “no vested right” in making a transfer of the land held by them “to defeat the very purpose of the legislative injunction over such transfers”, the Madras High Court ...

EXPORTS & IMPORTS: ‘Diversifying into new markets will help minimise biz risks’
Kochi, April 24 With a view to updating exporters and adopt various options available to minimise business risks in the current global meltdown, the Federation of Indian Export Organisations, Indian Chamber of Commerce and Industry, ...

EDUCATION: South City International hopeful of commencing secondary school operations
Kolkata, April 24 South City International School, Kolkata, is hopeful of commencing its secondary school operations, which include classes IX and X by April 2012, according to Ms Tapati Singhi, Associate Consultant of ...

HOTELS: Oriental Cuisines’ Zara opens in Hyderabad
Hyderabad, April 24 Oriental Cuisines has announced the launch of its sixth Spanish restaurant — Zara — and their first franchisee centre in partnership with former Indian cricketer and fielding coach Robin ...

EDUCATION: Mr T. K. Pandian, management consultant, Rayalaseema Institute of Management Studies, Tirupati,
Chennai, April 24 With cost remaining one of the deciding factors for global competitiveness, MNCs across the world have periodically reviewed their operational costs, as a result of which global manufacturing hubs keep getting relocated from ...

WATER: Water conservation workshop
YES Bank hosted a water conservation workshop for children below 12 years at its Rajbhavan road branch here on Friday. The event was a part of the ‘Responsible Banking’ initiative within the bank seeking to impart knowledge through ...


Columnists: B Venkatesh C Gopinath Bhanoji Rao P.V. Indiresan




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Markets (April 24)
Nifty (at close)3480.75(+57.05)
US Dollar (Buy/Sell)49.80/81
Brent crude (a bbl) Rs2,468
Gold (a gram) Rs1,364
Silver (a kg) Rs22,175


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In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

More

Other Top Stories
Monthly income plans outperform diversified schemes

Forex reserves fall by $517 m

Forex losses dent Piramal Healthcare’s FY09 net

M&A activity declines 60% in Jan-March

S. Rly exceeds cargo handling target

Cipla Q4 net profit up on better product-mix

Looking back
Apr. 12-Apr. 18
Prospects bleak for recovery in coal prices

Paper industry fears dampening prices on higher capacity

GSPC may have to return Barmer-Sanchor CBM block

Railways may save Rs 69 cr on diesel discount in 2009

Montek hopeful of 6-7% growth rate this fiscal

Tyre makers seek Govt help to check rubber prices

‘Dilute navratna stake to check fiscal deficit’

TTD Hundi holds its own

Vegetable oil imports in March up 28%

Thermal stations continue to battle coal shortages

Income-tax payer base doubles in a decade, helps in higher revenue mop-up

Coffee exports decline on low demand

Govt mulls banning sugar exports

Realty stocks gain ground

Life



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