The Hindu Business Line : Saturday, July 18, 2009

INDUSTRY & ECONOMY

ECONOMY: Indirect tax mop-up takes a hit in Q1
New Delhi, July 17 The excise duty and service tax rate cuts announced as part of the stimulus packages last fiscal have predictably dented the Centre’s indirect tax revenues in the first quarter ...

SCIENCE & TECHNOLOGY: ‘Chandrayaan is fine; sensor hitch sorted out’
Bangalore, July 17 The Indian Space Research Organisation (ISRO) on Friday admitted that its lunar craft, Chandrayaan-1, developed an orientation problem on April 26 and nearly lost its bearings four lakh km away in ...

PAPER, BOARD & NEWSPRINT: Big mills turn to waste paper
A raw material faster to source. Chennai, July 17 Large paper mills that have depended on virgin raw material will increasingly look at recycling paper to increase raw material availability, say industry ...

PHARMACEUTICALS: Drug regulator to get more inspectors
Move follows decision to centralise export licensing. New Delhi, July 17 The Drug Controller-General of India (DCGI) is planning to ramp up its manpower by adding about 170 drug inspectors to take their total number to ...

INVESTMENTS: Maharashtra to get Rs 6,372-cr investment
Signs MoU with 3 cos; 3,000 jobs to be created. Mumbai, July 17 Maharashtra will see investments of nearly Rs 6,400 crore at a time when the slowdown has had countries across the world on the ...

REAL ESTATE & CONSTRUCTION: Property owners face a double whammy
Amendment to I-T Act will bring buyers too into the net. Mumbai, July 17 Your negotiating skills as a property buyer may be of no use going by the amendments proposed by the Budget to Section 56 of the Income-Tax Act, ...

TOURISM: Carmelia Haven wooing tourists from upcountry markets
Kochi, July 17 Carmelia Haven, a plantation resort in Vandanmedu of Idukki district, is focussing on upcountry markets and smaller towns to shore up its bottomlines in times of ...

CEMENT: Cement prices may remain stable
Mumbai, July 17 Cement prices may remain stable belying the general expectations of a sharp fall starting July when the monsoon intensifies. Prices have gone up by Rs 8-10 for a 50-kg bag in the northern region on the back of strong demand ...

INCOME TAX: Ministry defends retrospective amendments to tax law
New Delhi, July 17 The Finance Ministry has defended the recent trend towards increased retrospective amendments to the income-tax law handed down in successive ...

MEDICAL INSTITUTIONS & HOSPITALS: Narayana Hrudayalaya’s cancer care centre to offer affordable treatment
Bangalore, July 17 Narayana Hrudayalaya, promoted by cardiologist Dr Devi Shetty, has launched what it calls the world’s largest cancer treatment facility on its campus at ...

READYMADE GARMENTS: Potential buyers scout for suppliers at garment fair
New Delhi, July 17 Garment importers from 21 countries identified by the Apparel Export Promotion Council (AEPC) began scouting for potential sellers in India as the India International Garment Fair (IIGF) got under ...

INDUSTRY ASSOCIATIONS: FICCI plea on Currency Chest
The Federation of Indian Chamber of Commerce and Industry has protested against the move to stop the four decades old RBI Currency Chest, at the Calvathy Branch of State Bank of India, and requested the authorities to retain the office ...

PETROLEUM: Five domestic airlines owe Rs 2,225 cr to oil PSUs
New Delhi, July 17 Kingfisher Airlines, Jet Airways, National Aviation Company of India Ltd, Paramount and SpiceJet owe Rs 2,225.52 crore to the public sector oil marketing companies till May-end, the Minister for Petroleum and Natural Gas, ...

ENTREPRENEURSHIP: Delhi’s JIMS conducts ‘Entrepreneurship cell’
To drive the innovation of young entrepreneurs, the Jagan Institute of Mangement Studies (JIMS) recently organised an ‘Entrepreneurship Cell’ titled ...

EVENTS: Trade fair analytica Anacon India in Sept
Hyderabad, July 17 International companies, including BUCHI, Eppendorf, Millipore, Thermo Fisher, Shimadzu and Spinco, will participate in the fifth chapter of analytica Anacon India at Hyderabad between September 29 and October ...

HEALTH: GVK EMRI to expand to other States
GVK Group, which operates the Emergency Management and Research Institute (EMRI) in participation with the Andhra Pradesh Government, plans to extend its activities in Maharashtra, Punjab and Himachal ...

MINERALS: Mineral production up 3.79% in April
Mineral production in the country showed a growth of 3.79 per cent in April 2009 compared with the corresponding month, last year. However, on the flipside, production was lower by 15.85 per cent as compared to the previous ...

REGULATORY BODIES & RULINGS: CAG comes down heavily on Delhi Metro
New Delhi, July 17 The Comptroller and Auditor General of India (CAG) has pulled up the Delhi Metro Rail Corporation for scaling down testing requirements while implementing ...

NON-CONVENTIONAL ENERGY: Solar power to light up anganwadi in Karde village
Pune, July 17 Dow Corning – a player in silicones, silicon-based technology and innovation – has announced the opening of an anganwadi (day care centre) in Karde village featuring a 28-panel solar power ...

BREWERIES: TN alcohol revenues up 20%
Tamil Nadu Government’s revenue from alcoholic beverages has jumped about 20 per cent in 2008-09 compared with the previous year, according to the policy note of the Prohibition and Excise Department tabled in the Assembly, ...

REAL ESTATE & CONSTRUCTION: Tata project gets gold rating
A residential project of Tata Housing, Raisina Residency, at Gurgaon has obtained gold certification from the Indian Green Building Council (IGBC). Tata Housing said it is the first company in the residential segment to receive the ...

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