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Thursday, May 14, 2009
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INDUSTRY & ECONOMY

REGULATORY BODIES & RULINGS: DoT mulls uniform licence fee for all types of telecom services
Move aimed at stopping revenue leakage for the Government. New Delhi, May 13 The Department of Telecom is considering doing away with the existing variable licence fee structure for telecom operators and replacing it with a uniform rate for all ...

EXPORTS & IMPORTS: Vegetable oil imports double in April
Chennai, May 13 Vegetable oil imports more than doubled in April, while the shipments into the country are now projected to be at record 80 lakh tonnes (lt) for the current oil year ...

TEXTILES: TN mills get a breather as yarn prices improve
Coimbatore, May 13 While industry insiders seemed happy about the recent improvement in yarn movement and price, they were unable to say whether they have come out of ...

TAXATION: FICCI seeks direct tax rate cuts
Continuation of tax breaks on indirect tax front mooted. New Delhi, May 13 The Federation of Indian Chambers of Commerce and Industry (FICCI) has sought reduction in corporate tax rate to 25 per cent and reintroduction of investment allowance, ...

CARS: Competition hots up in premium compact car segment
New Delhi, May 13 Thanks to rising income and increasing quality consciousness among urban youth, car-makers are planning to increase their output of premium compact ...

EMPLOYMENT: Tweak NREGA to target truly poor and needy: Jalan
New Delhi, May 13 Wage rates under the National Rural Employment Guarantee Act (NREGA) should be set 15-20 per cent below the official minimum wage with the number of guaranteed days of employment raised from 100 days to 120 days, the ...

ECONOMY: Economy in process of resetting: Ballmer
Hyderabad, May 13 Mr Steve A Ballmer, Chief Executive Officer of Microsoft Corp, has shrugged off the slowdown and sounded ...

REAL ESTATE & CONSTRUCTION: Tata Housing to seek certification for construction quality
Pune, May 13 Tata Housing Development Company (THDC) will seek certification for construction quality from both the Construction Industry Development Council (CIDC) and Pune-based Construction Quality Rating Agency ...

ECONOMIC OFFENCES: Govt refutes forged documents allegations in Hasan Ali case
New Delhi, May 13 The Centre on Wednesday refuted allegations made in a section of the media that the Indian Government had submitted forged documents to the Swiss authorities in the $8- billion Hasan Ali ...

TAXATION: Petroleum Secy moots gas cess to fund pipelines
The Petroleum Secretary, Mr R.S. Pandey, today pushed for an improved gas network, to fund which he felt it would be a good idea to levy a cess on natural ...

HEALTH: Cipla's swine flu drug in WHO list
...

REAL ESTATE & CONSTRUCTION: 2 FIIs sell shares in Indiabulls Real Estate
Mumbai, May 13 Two foreign institutional investors JP Morgan Securities and Copthall Mauritius Investment offloaded shares in Indiabulls Real Estate through the bulk deal route ...

POWER: NHPC looks beyond core hydropower biz
Going ahead with a Rs 21,600-cr investment plan. New Delhi, May 13Mr S.K. Garg took over the reins of the country’s largest hydropower generator, NHPC Ltd in January 2007. Prior to his appointment as Chairman and Managing Director, he was ...

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




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Markets (May 13)
Nifty (at close)3635.25(-45.85)
US Dollar (Buy/Sell)49.70/71
Brent crude (a bbl) Rs2,864
Gold (a gram) Rs1,363
Silver (a kg) Rs23,835


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