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Saturday, June 06, 2009
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INDUSTRY & ECONOMY

ECONOMY: Net direct tax collection increases 16.88% in May
Recovers from 3.19% decline in April. New Delhi, June 5 The Centre’s net direct tax collections grew 16.88 per cent in May at Rs 11,919 crore (Rs 10,198 crore). However, the net collections grew by modest 5.77 per cent in the first two ...

COURTS/LEGAL ISSUES: SC dismisses Mumbai SEZ plea for staying land acquisition
New Delhi\Mumbai, June 5 The Supreme Court on Friday dismissed the Mukesh Ambani-promoted Mumbai SEZ plea for staying the land acquisition process for its project in Raigad, ...

TAXATION: Tax break for Toyota small car project
Company to invest Rs 3,200 cr, create 2,000 jobs. Bangalore, June 5 The Karnataka Government, on Friday, extended tax concessions of up to Rs 80 crore for a three-year period to Toyota Kirloskar, which is expanding its manufacturing facility at ...

ECONOMY: Plan panel reconstituted
Montek retained as Deputy Chairman. New Delhi, June 5 In keeping with continuity in policy-making for making a decisive impact on its inclusive growth strategy, the UPA Government today reconstituted the Plan panel, retaining Mr Montek Singh ...

PETROLEUM: BPCL open to Oman Oil hiking stake in Bina refinery
Overseas partner wants 26% for $250 m. Mumbai, June 5 Bharat Petroleum Corporation is reportedly open to the idea of offering equity in the six-million-tonne Bina refinery to Oman Oil as long as it translates into a premium ...

NATURAL CALAMITIES: Cyclone trips Bengal govt efforts to provide electricity
Household solar power installations worth Rs 50 crore damaged. Kolkata, June 5 Government initiatives to provide electricity in West Bengal took a severe beating on May 25, when cyclone Aila devastated many parts of the State, particularly the ...

FOODS & FOOD PROCESSING: Food processing units may be served tax holidays
New Delhi, June 5 Fiscal benefits such as tax holidays are on the menu for the food processing sector, said Mr Subodh Kant Sahay, Union Minister for Food Processing Industries, at a press conference here on Friday. This was after the ...

PETROLEUM: Jitin Prasad for re-look at kerosene distribution system
‘Need to ensure that the benefits reach the rightful people’. New Delhi, June 5 It is not often that you find a Minister sitting in the dark because there is no electricity in his house. But Mr Jitin Prasad’s attempt to find ...

EDUCATION: Tata Steel, Jharkhand Govt tie up
Tata Steel and the Government of Jharkhand on Friday signed a memorandum of understanding for setting up an industrial training centre at Tamar, Jharkhand, according to a Tata Steel press release. As per the MoU, the Jharkhand Government ...

NATURAL CALAMITIES: Syndicate Bank’s relief measures
The employees of Syndicate Bank’s regional office here have mobilised relief materials and cash for distribution among the cyclone-hit people in the 24 South and North Paraganas districts of West Bengal, according to a press release issued ...

HOTELS: ITC plans more properties in its kitty this year
Around 4-5 hotels in the mid-to-upscale segment. Bangalore, June 5 ITC plans to add more properties in the mid-to-upscale segment this year. The company would be adding four to five hotels in the next six to eight months under the Fortune brand, ...

EMPLOYMENT: Govt to impart vocational training
The Minister of Textiles, Sports and Youth Services, Karnataka, Mr Gulihatti D. Shekar, said the State is aiming to impart vocational training to 30,000 people to better their job prospects in the textile ...

INFRASTRUCTURE: CII willing to work with Kerala Govt to prioritise infra projects
CM urged to review utilisation of Central funds. The Kerala chapter of the Confederation of Indian Industry (CII) would like to work with the State Government to prioritise infrastructure projects in the ...

EXPORTS & IMPORTS: Tirupur exporters place demands before Finance Commission
Requests for export promotion fund, better infrastructure. Coimbatore, June 5 The Tirupur Exporters’ Association has sought the Government support for creation of a market development fund exclusively for the promotion of exports from this ...

TOURISM: Singapore firm to draw master plan for Sikkim tourism
The State Government has entered into an agreement with a Singapore-based consultancy firm for laying out a 10-year road map for developing the growing tourism sector into ...

EVENTS: Green initiatives mark World Environment Day
Pune, June 5 Tree plantation drives across hosted by a several corporates marked World Environment Day observed on ...

WATER: Coke launches rainwater harvesting project at Aluva SOS Children’s Village
Kochi, June 5 SOS Children’s Villages of India and Coca-Cola India announced the commencement of work on 2.4 crore litres of rainwater harvesting (RWH) project at SOS Children’s Village in Aluva near ...

PETROLEUM: ONGC slaps penalty on Shiv-Vani Oil
Delay in rig supply. Kolkata, June 5 ONGC plans to come down hard on Shiv-Vani Oil and Gas exploration Services Ltd for the inordinate delay in supplying onshore ...

HEALTH: IFCR plans to enter healthcare sector
IFCR India, a clinical research institute in the State, is all set to enter the healthcare sector with various projects. The institute will also launch an advanced MBA in healthcare services management in ...

NATURAL CALAMITIES: Ravages of Aila
...

ENVIRONMENT: Eco award
...

EVENTS: Picture perfect
...

EVENTS: World Environment Day
...

ENVIRONMENT: Saving the planet
...

INFRASTRUCTURE: CII to list proposals to develop infra sector
Thiruvananthapuram, June 5 The Confederation of Indian Industry (CII) plans to present the Union Government with a list of recommendations on measures needed to develop India’s infrastructure ...

FOREIGN TRADE: Need for fresh look at free trade pacts in South Asia
Kolkata, June 5 Mr Vishambhar Saran, Senior Vice-President of Indian Chamber of Commerce, while speaking recently at the 4th China-South Asia Business Forum at Kunming City, China, emphasised the need for setting up a long-term ...

EDUCATION: IBM to offer remote mentoring to students
Hyderabad, June 5 As part of its global vision for a smarter planet, IBM Corporation will be launching its Remote Mentorship programme in International Institute of Information Technology ...

TAXATION: Chennai Large Taxpayer Unit’s jurisdiction expanded
New Delhi, June 5 The Large Taxpayer Unit (LTU) facility in Chennai can now be used by more income-tax assessees. For this, the Central Board of Direct Taxes (CBDT) has allowed cases in more tax jurisdictions to opt for the LTU ...

INFRASTRUCTURE: Mangalore SEZ to plant 2.7 lakh saplings
The Mangalore SEZ (Special Economic Zone) Ltd plans to plant around 2.70 lakh saplings in its premises in the next four years, according to Mr A.G. Pai, Executive Director and Chief Operating Officer of Mangalore SEZ ...


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




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Markets (June 5)
Nifty (at close)4,586.90(+14.25)
US Dollar (Buy/Sell)47.11/12
Brent crude (a bbl) Rs3,208
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Silver (a kg) Rs25,395


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In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

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Other Top Stories
Invest in phases, advise fund houses

Food processing units may be served tax holidays

Forex reserves rise by $1.6 billion

I-T provisions that need mending

IT cos increase focus on green initiatives

BPCL open to Oman Oil hiking stake in Bina refinery

Looking back
May. 24-May. 30
More realty cos firming up fund-raising plans

Diamond exporters looking at domestic market to boost biz

Swine-flu impact: Demand for bio-security products increases

Spa business bucks the recessionary trend

Wagon shortage hits cement distribution

Slowdown an upside for DTH industry

Cement: Analysts see demand picking up after monsoon

Inflation rate remains unchanged at 0.61%

Moody’s caution on Indian economy

Fiscal steps to curb cheap steel imports favoured

Oil refiners upbeat on free fuel pricing

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