The Hindu Business Line : Thursday, May 21, 2009

INDUSTRY & ECONOMY

PETROLEUM: ONGC, Oil India bail out refiners with Rs 943-cr subsidy
GAIL kept out of support mechanism. Mumbai, May 20 IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation will end up reporting profits for 2008-09 thanks to a subsidy package of Rs 943 crore for the fourth quarter from ONGC ...

CINEMA: Blocked busters
Talks between multiplex owners and Hindi film producers seem deadlocked, with each side looking for alternatives.. Riddhi Trivedi, an executive from a Mumbai-based HR consultancy, came back disappointed after coming to know that the same old ...

EMPLOYMENT: Jobs move up
Slender as the evidence may be, the Labour Ministry’s review of employment in the organised industry based on a sample survey of 2,581 units provides fresh ground for optimism. Data for the January-March 2009 quarter confirm a slight ...

EVENTS: It’s different!
The Lucca Preziosa held in Delhi recently gave jewellery aficionados something to chew over.. Have you ever imagined teaming your black evening wear with an exquisite necklace made of paper? Or even better, buying a gorgeous ring made of, no, ...

PHARMACEUTICALS: Drug export quality certificate to be issued only by DGCI
The Drug Controller General of India (DGCI) has decided to withdraw the powers given to State-level regulators to issue export quality licence, technically called Certificate of Pharmaceutical Products (CoPP). The move is to ...

INFRASTRUCTURE: Infrastructure companies with diverse skill find favour
Nuclear thrust brings spotlight on the power sector. Mumbai, May 20 Shares of infrastructure service provider companies have seen a steep rise after the poll verdict in anticipation of the new Government’s likely thrust on ...

REAL ESTATE & CONSTRUCTION: Unitech sells office complex for Rs 500 cr
In a boost to the company’s plans to lower debt obligation, real estate firm Unitech Ltd has sold an office complex in Saket, New Delhi, to an high networth individual (HNI) for about Rs 500 crore. The company is hoping that the ...

EDUCATION: Foreign varsities ink partnerships in a big way in Tier-II, III cities
Driven by massive business opportunities in the education sector, global universities are inking strategic partnerships with local educational institutions, and in the bargain, gaining not just students but also upping their brand equity in ...

MEDICAL INSTITUTIONS & HOSPITALS: AP Medical Council wants re-registration for doctors every 5 years
Hyderabad, May 20 The Andhra Pradesh Medical Council (APMC), which has about 62,000 doctors as members, has called for a statutory requirement making all the allopathic doctors to go for re-registration every ...

REAL ESTATE & CONSTRUCTION: Angry crowds throng Mhada headquarters
Mumbai, May 20 Hordes of people literally laid siege to the Maharashtra Housing and Area Development Authority (Mhada) headquarters here on Wednesday wanting to know whether they were winners in the draw conducted for 3,863 ...

POWER: 14.5 lakh power connections sanctioned in Kerala
The State Government has sanctioned 14.5 lakh new electricity connections in the past three years, according to an official ...

SCIENCE & TECHNOLOGY: Mooncraft's orbit raised to 200 km
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FOREIGN TRADE: A big market opens up in the Indian ocean
Chennai, May 20 As the guns fall silent in Sri Lanka, a different kind of noise begins to strike the ear – the bustle of economic activity. As the peace dove descends on the beautiful island nation, a bouquet of opportunities ...

EVENTS: Expo on renewable energy products in Kochi from today
Kochi, May 20 URJA 2009, a national exhibition on Energy Efficient and Renewable Energy products and Technologies, will be held here at Town Hall from ...

ENTREPRENEURSHIP: TiE Kerala team visits Singapore
Kochi, May 20 A 12-member business delegation from Kerala chapter of The Indus Entrepreneurs (TiE) visited Singapore to explore areas in which Kerala entrepreneurs could work with companies in Singapore as well as to explore avenues ...

POWER: RPTL achieves financial closure for 2 transmission projects
Projects to come up in Maharashtra, Gujarat. Kolkata, May 20 Reliance Power Transmission Ltd, a wholly-owned subsidiary of Reliance Infrastructure Ltd (RInfra), has achieved financial closure of the two transmission projects in Maharashtra and ...

POWER: Bengal seeks Centre’s nod for hydroelectric project in Bhutan
Kolkata, May 20 The West Bengal Government has approached the Centre with a proposal to set up a hydroelectric power project in Bhutan under the Indo-Bhutan bilateral framework. The proposal, if approved, will allow West Bengal to use Bhutan ...

KNITWEAR & HOSIERY: Tirupur exporters seek level-playing field to compete globally
Industry insiders perceive that the newly elected UPA Government with Dr Manmohan Singh at its helm would be able to solve the ongoing major problems caused by the global meltdown and make ...

RURAL DEVELOPMENT: Karnataka Grameen Bank planning 80 solar villages
Mangalore, May 20 The Dharwad-headquartered Karnataka Vikas Grameen Bank (KVGB), which has financed over 12,000 solar light units under its area of operation, is now planning to make 80 villages solar ...

EDUCATION: Winning smile
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FOREIGN TRADE: Safeguarding against import surge from Singapore
The domestic industry need not, hereafter, unduly worry about any surge in imports from Singapore on account of the preferential treatment under the India-Singapore Comprehensive Economic Cooperation Agreement ...

EMPLOYMENT: Vocational training service launched
Targeting over 300 million people in the age group 18-50 years, who are seeking employment or re-employment, Vocational Academy India has launched Vocad, a service that seeks to bridge the gap between potential employees of rural India and ...