The Hindu Business Line : Thursday, June 11, 2009

INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY: Stand in the sun for extended talk time
SAMSUNG’S POWER PACK. New Delhi, June 10 Samsung India has come out with a solar-powered phone, the Samsung Solar Guru (Guru E1107). But to charge the battery fully via the solar panel, the phone needs to be kept in the sun for 40 ...

PETROLEUM: Losses on subsidised fuels may touch Rs 40,000 cr
World crude prices continue to move upwards. Mumbai, June 10 As world crude prices continue to climb, Indian oil refiners are concerned that the annual losses (or under-recoveries) on sale of petrol, diesel, kerosene and cooking gas could touch ...

RADIO/TV: Direct and daring
With more direct-to-home TV players in the fray, subscribers are being wooed with value-added services. Growing by leaps and bounds, DTH expects to take share from the cable industry.. The slowdown could well have had an unintended impact on the ...

AUTOMOBILES: Auto parts sector on recovery path
Says outlook good on domestic front; exports may suffer. Chennai, June 10 Empirical evidence gathered from auto component manufacturers in the country shows the industry is on the path of recovery, growing faster than ...

ECONOMY: Orchestrating the resurgence
It is perfectly understandable that a feeling of renewed optimism is creeping back into the economy’s stakeholders like a warm glow. The evidence that has been piling up since January suggests that the growing self-confidence is not ...

RADIO/TV: ‘More the activity, faster the category grows’
Vikram Kaushik, MD & CEO, Tata Sky, on the growth of the DTH industry, competition and more. In Chennai recently to participate in an event involving Tata Sky’s South brand ambassador actor Asin, Vikram Kaushik, Managing Director & ...

ECONOMY: Industrial recovery muted in Coimbatore region
Power shortage compounds woes of SSIs. Coimbatore, June 10 While the Index of Industrial Production (IIP) may indicate signs of recovery in some of the sectors, the ground reality in the Coimbatore region, home to one of the largest clusters of ...

PHARMACEUTICALS: US healthcare market set for price reset
Govt looks to import from ‘supermarket’ of 14 countries. Mumbai, June 10 The US healthcare market is poised for reform this year, a move that will see drug prices getting reset, ...

PSU: NMDC to acquire majority stake in KIOCL
Virbhadra Singh says no need for steel safeguard measures now. National Mineral Development Corporation (NMDC) will acquire a majority stake in the troubled KIOCL (formerly Kudremukh Iron Ore Co ...

FOREIGN DIRECT INVESTMENT: Karnataka targets Rs 3 lakh cr investments at global investors’ meet
To keep ready 1.5 lakh acres land bank. The Karnataka Government is expecting an investment of over Rs 3 lakh crore in the proposed global investors’ meet by the end of 2009. In this regard, the Government is taking steps to create a land ...

ECONOMY: All-round growth has raised AP credit rating, says CM
Disbursals to SHGs have gone up to Rs 20,000 crore. The Andhra Pradesh Chief Minister, Dr Y.S.Rajasekhara Reddy, today said that the State’s credit rating has gone up significantly because of prudent fiscal management and various ...

ENVIRONMENT: Draft plan for conservation, management of biosphere reserve in Sikkim
Rs 227.46 lakh proposal in 2009-10 action plan. An amount of Rs 227.46 lakh have been proposed in the 2009-10 draft management action plan for conservation and management of Khangchendzonga Biosphere Reserve (KBR), one of the largest protected ...

ECONOMY: World Bank study exposes limitations of Official Poverty Line
Community Poverty Lines identified for AP, UP, Assam, Bengal. It is a commonly held belief that governments systematically underestimate poverty levels. Now, a World Bank study has demonstrated the extent of divergence between what ...

COAL: Mercator Lines targets 30 mt from Mozambique coal mine
Mumbai, June 10 Mercator Lines, India’s second largest private shipping company, has targeted production of 30 million tonnes (mt) of coal from its Mozambique mine once its starts production. The mine has estimated recoverable reserves ...

REAL ESTATE & CONSTRUCTION: IFCI reduces stake in Maytas Infra
Slew of positive news buoys sentiment for stock. Hyderabad, June 10 Maytas Infra scrip continues its surge upwards after the stock witnessed bulk deals on the ...

REAL ESTATE & CONSTRUCTION: Gaiety Cinema in Chennai to turn shopping complex
Chennai, June 10 Gaiety Cinema, one of Chennai’s earliest cinemas, is set to give way to a ...

PETROLEUM: Deora for speeding up work on gas pipelines
New Delhi, June 10 The Minister for Petroleum and Natural Gas, Mr Murli Deora, has said that a programme to expeditiously construct trunk pipelines to carry natural gas to new areas should be taken ...

POWER: Maharashtra cancels Rs 998-cr deal to Kalpataru Power
The Maharashtra Government has decided to cancel a Rs 998-crore contract awarded to Kalpataru Power Transmission (KPTL), under Phase-II of the feeder separation programme, on the grounds of substandard ...

ECONOMY: Asia showing signs of economic recovery
Is the worst over for global growth concerns? It may be too early to assert, but there are incipient signals that the pace of deterioration in major economies is easing. If anything, economic activity in Asian majors, China and India, ...

MINING & QUARRYING: No mining will be permitted in forest areas: Jairam Ramesh
Bangalore, June 10 The Union Minister of State for Environment and Forests, Mr Jairam Ramesh, on Wednesday said that no economic activity, including illegal mining in forest areas, would be ...

RURAL DEVELOPMENT: ITC forestry initiative to benefit tribals in AP
Kolkata, June 10 The social forestry initiative of ITC Ltd, which got registered under the Clean Development Mechanism, would contribute positively to the livelihoods of the tribals and rural poor in 193 villages in Khammam district of ...

EXPORTS & IMPORTS: Coir exports surpass Rs 600-cr target
Kochi, June 10 Coir exports from the country have surpassed the target of Rs 600 crore for the year 2008-09, touching Rs 640 crore despite global economic ...

REAL ESTATE & CONSTRUCTION: Tata Housing to offer more low-cost homes
Mumbai, June 10 Tata Housing Development Company has said that it would increase the number of low-cost homes to be built at Boisar, nearly 100 km from the city, from 1,000 ...

MEDICAL INSTITUTIONS & HOSPITALS: Narayana Hrudayalaya to invest Rs 100 cr in ‘city clinics’
Apollo Hospitals, Manipal Hospital and Sagar have done it. Now, cardiac care major Narayana Hrudayalaya also plans to get closer to its patients by opening diagnostic clinics in ...

POWER: Govt to form panel to monitor power projects
New Delhi, June 10 The Union Minister for Power, Mr Sushilkumar Shinde, has said that there will be regular monitoring of all power generation projects being implemented in the ...

VENTURE CAPITAL: Deloitte survey sees increased VC interest in India
Venture capitalists are now lifting their heads and starting to show interest in deals in India, according to Ms Kalpana Jain, Senior Director at Deloitte in India. This is after a lull in the venture capital investing space between November ...

EDUCATION: P. Pattabiraman, Assistant General Manager - HR, TNPL; J.J. College of Engineering and Technology, Tiruchi
Tiruchi, June 10 Developments on personality and social fronts warrant improving will power, managing time, fostering creativity, improving concentration power, nurturing perseverance and enhancing memory power, Mr P. Pattabiraman, ...

EVENTS: ‘Conserve energy for the future’
E nergy needs to be conserved to leave a healthy environment for future generations, said Mr R. Sundar, Director of Boilers, Tamil Nadu. He was inaugurating a one-day workshop on ‘Energy efficient operation of industrial boilers’ ...