The Hindu Business Line : Thursday, June 04, 2009

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Anand Sharma to push for export sops in Budget
Seek incentives for labour-intensive manufacturing units. New Delhi, June 3 Concerned over the continuing downtrend in the country’s exports in the first two months of this fiscal, the Commerce Ministry today held a brainstorming session ...

KNITWEAR & HOSIERY: Govt funding sought for knitwear tech mission
Tirupur exporters keen to tap winter clothing segment. Coimbatore, June 3 The Tirupur Exporters’ Association has sought the Union Textiles Ministry’s support for funding the Knitwear Technology ...

MINERALS: AP targets Rs 2,300 cr from mining sector
Hyderabad, June 3 The Andhra Pradesh Government has projected revenues of Rs 2,300 crore from mining operations in the State during the year, up from Rs 1,755 crore registered in ...

URBAN DEVELOPMENT: Tata Motors bags a lion’s share of bus orders under JNNURM
Ashok Leyland gets orders for 3,200 vehicles. New Delhi, June 3 Tata Motors has bagged a lion’s share of bus orders under the Jawaharlal Nehru National Urban Renewal Mission ...

INFRASTRUCTURE: Spend more to stimulate the economy
Whatever the latest growth numbers might say, the economy needs a big stimulus. The RBI Governor, Dr Duvvuri Subbarao, said at a recent briefing that “India’s economic recovery would be swift, ahead of the world”, but the ...

INFRASTRUCTURE: Behind the infrastructure numbers
New Delhi, June 3 The sharp improvement in the performance of the key infrastructure sectors, released by the Government on Tuesday, while suggestive of a nascent economic recovery, hides some ...

PETROLEUM: ONGC ready to push ahead with ultra deep drilling
PSU hires Reliance’s deepwater drill ship DD-KG1. Kolkata, June 3 After more than two years, ONGC feels it can now give a push to its ultra deep water drilling campaign in at least eight offshore exploratory oil and gas blocks – ...

HEALTH: Rare heart surgery
Doctors at Krishna Institute of Medical Sciences (KIMS) performed a rare surgery on a 19-year-old woman who had her heart on the right side of the body and rectified multiple complications she was having since childhood. Most of the ...

EDUCATION: IICT, Deakin University in pact
Indian Institute of Chemical Technology (IICT) has entered into a memorandum of understanding with Deakin University (DU), Victoria, Australia, for collaboration in education and research. The research activities would be focussed on ...

ECONOMY: Karnataka likely to approve Rs 12,000-cr projects next week
High-level committee to take up pending proposals on June 12. Bangalore, June 3 The State Government is likely to clear various projects with an investment of Rs 12,000 crore ...

STEEL: No major hike in steel prices likely: Naveen Jindal
New Delhi, June 3 Mr Naveen Jindal, Member of Parliament and the Vice-Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), said on Wednesday that although the industry is not insulated from international steel prices, no ...

RADIO/TV: IIFA gets ready for Macau edition; Star TV bags broadcast rights
New Delhi, June 3 Despite recession Bollywood’s travelling awards, the International Indian Film Academy (IIFA) will be a lot more grand and expensive this ...

ECONOMY: Reforms on fast track
If the statements of key Ministers in the new Cabinet are any indication, the economy should soon experience a rush of reforms. If the Petroleum Minister, Mr Murli Deora, wasted little time after assuming office in hinting at deregulation of ...

TEXTILES: Textile cos see gains from duty-free import of synthetic fibres
Say prices will turn competitive. Bangalore, June 3 The Textile Ministry’s recommendation to eliminate duties on import of synthetic fibre is expected to give a big boost to the industry, which is looking to cut costs to stay competitive ...

PETROLEUM: DGH pulls up Hardy Oil for gas reserves claims
New Delhi, June 3 The Directorate General of Hydrocarbons (DGH) on Wednesday came down heavily on Hardy Oil and Gas, the minority partner in Reliance Industries Ltd’s Krishna Godavari fields, for making gas ...

NON-CONVENTIONAL ENERGY: Tata Power to generate 5 MW from geothermal, solar plants in Gujarat
Gandhinagar, June 3 Tata Power Company Ltd plans to produce 5 MW of power, each from geothermal and solar power plants in Gujarat, with an investment of Rs 200 crore. It is exploring various options in this ...

TRADE & LABOUR UNIONS: Trade unions seek public investment push
New Delhi, June 3 The trade unions have urged the Government to provide a massive public investment push in the upcoming Budget for improving the social infrastructure of ...

ENVIRONMENT: Two crore saplings to be planted in Karnataka
Mangalore, June 3 The Karnataka Government will launch a programme aimed at planting around two crore saplings in the State, according to Mr Anantha Hegde Ashisar, Chairman of the Western Ghat Task ...

POWER: APGenco to focus on cost reduction
Hyderabad, June 3 Andhra Pradesh Power Generation Corporation Ltd (APGenco) has identified various cost centres and was working on cost reduction, its Managing Director, Mr A.K. Jain, said. Speaking at the launch of costing software packages ...