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Monday, June 08, 2009
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INDUSTRY & ECONOMY

ECONOMY: Industry on road to recovery; output nearing last year’s high
Cement, coal, capital goods among the first to recover. Green shoots of recovery have started to sprout on the landscape of India’s industrial ...

EXPORTS & IMPORTS: 16 out of 17 drug consignment seizures in the Dutch were from India
Patent infringement issue. Mumbai, June 7 There were 17 incidents of drug seizure last year in the Netherlands on the grounds of patent-infringement and 16 of them were Indian medicine exports, says Health Action International (HAI), a Dutch ...

ECONOMY: Sensex rise brings little cheer to MBA graduates
RECESSION BLUES. Hyderabad June 7 Bulls may be loading up stocks and nudging up the Sensex in anticipation of fresh economic reforms by the UPA Government, but recessionary fears continue to cast a gloom in the job market, especially for the ...

SCIENCE & TECHNOLOGY: Quality recruits, near zero attrition at DRDO
ATTRACTIVE OPTION. Bangalore, June 7 Perhaps due to fallout of the economic slowdown, the defence research establishment has at least one reason to ...

HOTELS: ‘The best time to invest in hospitality’
The Welcomgroup Graduate School of Hotel Administration is upbeat about the industry’s prospects. The Welcomgroup Graduate School of Hotel Administration in Manipal is considered among the top hotel management schools in the country. Its ...

ECONOMY: ‘Recession should not narrow focus’
Organisational culture, processes and technology crucial: Ron Ricci, V-P, Corporate Positioning, Cisco Inc.. During a downturn, it is common for top managers to narrow down their focus to what they think is essential to running the business. But ...

MINERALS: Bench ruling on mining lease
The Karnataka High Court Division Bench, headed by Chief Justice Mr P.D. Dinakaran, has set aside the order of a single judge which prohibited mining in forest areas of the State, after hearing an appeal by Jindal Vijayanagara Steel Ltd. The ...

PEOPLE: Shailesh B Sheth passes away
Shailesh B. Sheth, 54, Secretary, Audit Bureau of Circulations, passed away in Mumbai on Friday. Sheth had joined the Bureau in 1981 and has served the organisation with the highest order of honour, said an ABC release. He was known as an ...

ENTREPRENEURSHIP: Opportunites galore for entrepreneurs: Som Mittal
Hyderabad, June 7 There are many opportunities in information technology sector for entrepreneurs, according to Mr Som Mittal, President, National Association of Software and ...

SSI: Banks can do more for us, say small units
Wanted: Lower interest rates. The Reserve Bank of India might be trying its best to reach out to medium and small enterprises (SMEs) hit by the slowdown, but in the view of these entrepreneurs there is room for taking more policy ...

EDUCATION: Royal group sets up community college
Kochi, June 7 Thachankary Foundation, a trust registered in the State, has established the first autonomous community college in the State under Indira Gandhi National Open University (IGNOU) in Kochi and ...

EDUCATION: A re-exam for universities
The Human Resource Development Ministry’s decision to review the plethora of private educational institutions conferred the ‘deemed university’ status is a tacit admission that facilities in these institutions leave much to ...

INFRASTRUCTURE: Kerala to enhance outlay for infrastructure development
The challenge before Kerala is to move away from its traditional capital and power intensive industries to new generation sectors such as IT, tourism and BPO, Finance Minister, Dr Thomas Isaac, ...

EXPORTS & IMPORTS: Safeguard probe on aluminium waste, scraps imports
New Delhi, June 7 The country’s safeguard authority has initiated safeguard investigations on imports of unwrought aluminium, aluminium waste and aluminium scraps ...

ECONOMY: HDFC Bank raises FY10 growth forecast to 6.5%
Thiruvananthapuram, June 7 Signs of a possible bottoming out in industry on the supply side and private consumption on the demand side have prompted HDFC Bank to revise FY10 growth forecast upwards from 5.8 per cent to 6.5 per ...

ENVIRONMENT: Central legislation soon for eco protection body
Hyderabad, June 7 A Central legislation will be enacted soon to pave way for the establishment of an independent environmental protection authority to ensure effective implementation of the Environment Protection Act, according to Mr ...

NON-CONVENTIONAL ENERGY: All KSRTC buses likely to be on bio fuel by 2010-11
Mangalore, June 7 All the buses of KSRTC (Karnataka State Road Transport Corporation) in Karnataka are likely to run on bio-fuel by the end of 2010-11. At present, around 2,000 buses in KSRTC are being run by fuel blended with ...

HEALTH: Flu scare
...

ECONOMIC OFFENCES: Sanction to prosecute ex-Minister of Kerala
Thiruvananthapuram, June 7 The Kerala Governor, Mr R. S. Gavai, on Sunday accorded sanction to the Central Bureau of Investigation (CBI) to prosecute CPI(M) leader and former Electricity Minister, Mr Pinarayi Vijayan, for alleged involvement ...

PETROLEUM: KG assets: ONGC yet to firm up partners
Kolkata, June 7 ONGC’s plan to enter into joint operatorship with its foreign partners in deepwater exploratory assets in KG and Mahanadi basins seems to have run into rough ...

FOREIGN DIRECT INVESTMENT: Damas’ single brand retail among 23 FDI plans cleared
Damas LLC’s plans to establish a joint venture company with Gitanjali Lifestyle Ltd for retail trading of jewellery and related accessories is among 23 FDI (foreign direct investment) proposals worth Rs 564 crore cleared by the ...

AUTOMOBILES: Maharashtra vehicle tax hike irks carmakers, dealers
Mumbai, June 7 The Maharashtra Government’s move to hike motor vehicle tax has caught premium carmakers and dealers off guard. Quite unlike the past, when it was 7 per cent for all vehicles, it has now been revised as a three-tier ...

NON-CONVENTIONAL ENERGY: ‘Solar power prospects improving’
Bangalore, June 7 Even as the country’s economy is feeling the heat of global recession, the solar energy industry feels that the recession will trigger growth in this sector, especially the grid connected solar power plants, as the cost ...

EDUCATION: ‘TNAU will focus on education, R&D’
Coimbatore, June 7 The Tamil Nadu Agricultural University (TNAU) will focus on education, research and extension activities, its Vice- Chancellor, Dr P. Murugesa ...

INDUSTRY ASSOCIATIONS: Right time for India, China to explore investment synergy: FICCI
At a time when the developed economies that have traditionally been the demand drivers in world trade are shrinking, India and China have an opportunity to co-opt and explore trade and investment synergies, feels industry ...

LIFESTYLE: Outsourcing elderly care
One of the delicious ironies of Kerala’s strikingly superior developmental profile is the continuing and sustained greying of the State’s population. The average life expectancy in Kerala is now close to 74 years, compared to 68 ...

ENTREPRENEURSHIP: Entrepreneurship cell at IPE
The Institute of Public Enterprise (IPE), Hyderabad, has established an Entrepreneurship Development Cell (EDC) to be funded by the All India Council for Technical Education. The IPE is also an active member of National Entrepreneurship ...


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
Gold (a gram) Rs1,384
Silver (a kg) Rs25,395


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