The Hindu Business Line : Tuesday, June 09, 2009

INDUSTRY & ECONOMY

ECONOMY: Plan panel sees bright outlook for current fiscal
World economic situation ‘much more favourable’ now. New Delhi, June 8 The Planning Commission sees economic outlook brightening up for the current fiscal even though the country achieved only 6.7 per cent in 2008-09 which was ...

DISINVESTMENT: Huawei may bid for majority stake in ITI
Govt scouts for consultants to act as advisors for divestment. New Delhi, June 8 Chinese telecom vendor Huawei may be one of the interested bidders for picking up stake in the factories owned by State-run Indian Telephone Industries Ltd. Huawei ...

INFRASTRUCTURE: Pushing infrastructure
A couple of days ago, Mr George Soros was asked on a TV show what would be the one piece of advice he would give the Prime Minister, Dr Manmohan Singh. Unhesitatingly, Mr Soros said, “build up your infrastructure”. Pedants may argue ...

EMPLOYMENT: Karnataka to hold 12 job fairs this year
Bid to address unemployment. Bangalore, June 8 In view of the positive response to the job fairs conducted by the State Government, the Government has decided to enlarge the scope of this initiative to address the issue of ...

FOREIGN TRADE: India’s exports to France increase by nearly 23%
Bilateral trade balance shifts in favour of India. Kolkata, June 8 The bilateral trade balance between India and France shifted in favour of India in 2008, as India’s exports to France increased by nearly 23 per cent vis-À-vis one ...

ECONOMY: AP sets growth target at 8-9%
Govt to strive for total financial inclusion: Governor. The Andhra Pradesh Government has set a target of 8-9 per cent growth in 2010-2014. The State achieved an average 9 per cent annual State Gross Domestic Product (GSDP) growth in the last ...

SSI: Raise excise duty cap to Rs 3 cr: Codissia
‘Higher outlay for power sector must’. Coimbatore, June 8 The negative attitude of many State governments/Electricity Boards is behind the reluctance of the private sector to get into power generation, causing shortage in power ...

ECONOMY: Sikkim sets up commission to address key issues
Local employment pattern in private companies. Gangtok, June 8 The Sikkim Government has set up a commission to address three key issues which has been haunting the State- local employment pattern in private companies including hydro electric ...

EDUCATION: Biocon to invest in cell for innovation at ISB
Specialisation courses to be started. Bangalore, June 8 Biocon Ltd announced setting up of the Biocon Cell for Innovation Management at Indian School of ...

SSI: Micro units petition TN Govt for reliefs
Coimbatore, June 8 The Tamil Nadu Electricity Board (TNEB) should scrap the present slab system for power tariff for industries and should levy uniform tariff up to 75 HP for the cottage and micro enterprises, according to the Coimbatore ...

NATURAL CALAMITIES: Central team visits cyclone-hit areas
The 12-member Central team in two groups returned to the city on Monday after visits to districts of North and South 24 Parganas and East Midnapore, all ravaged by Aila cyclone, and Darjeeling by landslides. Tomorrow the team members, led Mr ...

POWER: Power Secy reviews Haryana project
The Power Secretary, Mr Harishankar Brahma, visited the under-construction Indira Gandhi Super Thermal Power Project at Jhajjar in Haryana on Sunday to review the progress on the project. Addressing the senior officials, Mr Brahma ...

POWER: PTC plans to float $500 m power fund; eyes coal assets abroad
New Delhi, June 8 Power trading major PTC India Ltd on Monday said it plans to establish a $500-million fund this fiscal year to finance power projects in the ...

TAXATION: Kerala to award best tax payers and businessmen
Kochi, June 8 The State government will introduce awards for best tax payers as well as best performing entrepreneurs in association with the industry department, the State Finance Minister, Dr Thomas Isaac, ...

HEALTH: Essilor India launches new eye lenses
Chennai, June 8 Essilor India Pvt Ltd, a wholly owned subsidiary of Essilor International, has launched spectacle lenses “designed and engineered specifically for Indian eyes”. The new lenses under the brand Varilux India come in ...

ECONOMY: ‘BRIC nations to lead recovery’
Coimbatore, June 8 ‘Brazil, Russia, India and China (BRIC) nations will contribute to the global recovery in a big way. These dynamically emerging economies will pull the global economy out of its current crisis. The worst is ...

REAL ESTATE & CONSTRUCTION: ITPL gets nod to buy back built-up space in STPI
It’s not real-estate biz, says DIPP. New Delhi, June 8 The Government has cleared a proposal by Information Technology Park Ltd, Bangalore, to buy back built-up space in its IT Park project, from various STPI clients. The application where ...

REAL ESTATE & CONSTRUCTION: Realty sector’s role in economic recovery significant: CREDAI chief
Mangalore, June 8 The role of real estate sector in the economic recovery is of utmost significance, according to Mr Kumar Gera, Chairman of the Confederation of Real Estate Developers’ Associations of India ...

RADIO/TV: First India match at ICC T20 garners higher viewership
Watching Indians play as a team instead of being spread across different leagues is what drove higher average viewership ratings for ICC World T20 in its first India-specific ...

ECONOMY: CII expects recovery by second half of current fiscal
New Delhi, June 8 The Confederation of Indian Industry (CII) said that it expects an economic turnaround and recovery to happen only by the second half of ...

WTO: Doha focus
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EVENTS: Draper Fisher, Cisco plan global contest for students
Bangalore, June 8 Early-stage venture capital firm Draper Fisher Jurvetson (DFJ) and Cisco announced that each company will utilise its extensive global reach to jointly launch a global business plan competition for students aimed at ...

INDUSTRY ASSOCIATIONS: FICCI delegation to visit UK
New Delhi, June 8 With an aim to intensify bilateral trade between the UK and India, the Federation of Indian Chambers of Commerce and Industry (FICCI), is taking a 17-member delegation to the UK from June 9 to 10. The FICCI President, Mr ...

PETROLEUM: John Energy revives IPO, expansion plans
Hydrocarbon sector service provider John Energy Ltd is likely to hit the capital market in the next few months to raise around Rs 100 crore to part-fund its investment projects of Rs 400 crore to acquire four new drilling rigs and enter ...

FOREIGN DIRECT INVESTMENT: Hyatt group venture with Emaar MGF cleared
New Delhi, June 8 The Foreign Investment Promotion Board (FIPB) has approved a proposal by Hyatt Group company HP India Holdings Ltd to establish hotels, in a JV with Emaar ...

POWER: DVC Mejia power generation restored
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INDUSTRY ASSOCIATIONS: Goa Chamber office-bearers
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