The Hindu Business Line : Wednesday, September 02, 2009

INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES: Gas row: Anil Ambani welcomes Centre’s amendments to apex court petition
Centre’s role to be limited to gas use policy of production sharing contract. Mumbai, Sept 1 The Reliance Natural Resources (RNRL) Chairman, Mr Anil Ambani, on Tuesday welcomed the amendments proposed by the Centre in the Special Leave ...

EXPORTS & IMPORTS: Mills contract two-thirds of raw sugar import needs for 2009-10
In the current season, 2.4 mt likely to be imported. Mills have contracted more than two-thirds of their raw sugar import requirements for the ensuing 2009-10 season (October-September), according to Mr Narendra Murkumbi, Managing Director of ...

ECONOMY: Cause for optimism?
At first glance, the Central Statistical Organisation’s estimates of GDP growth in the first quarter of the current fiscal prompt a welcome round of applause; at 6.1 per cent, the first three months have witnessed a better performance ...

TWO/THREE WHEELERS: Hero Honda powers ahead
Mumbai, Sept. 1 Hero Honda continues to be the monarch of the two-wheeler segment with record sales of 415,137 units in August, a 36 per cent jump over the 305,516 units sold in the same period ...

ECONOMY: RBI plans ‘non-rate’ interventions to contain food price rise
Measures to push up cost of carrying inventories on the cards. Bangalore, Sept. 1 The Reserve Bank of India is mulling “non-rate” policy measures to rein-in galloping food prices. These unconventional measures would rely not on the ...

DISINVESTMENT: Panel for bolder disinvestment to meet 11th Plan expenditure target
Planning Commission calls for steps to cut subsidies. New Delhi, Sept. 1 The Planning Commission says that to meet the Eleventh Plan expenditure target the Government will have to follow a much “bolder” disinvestment ...

INFRASTRUCTURE: Country-specific clusters to come up at Sri City
Frontier Lifeline to set up 150-bed hospital. Chennai, Sept.1 The upcoming industrial township of Sri City is likely to have country-specific industry clusters. “We are planning a Japan cluster and a Euro cluster,” Mr Ravindra ...

FOREIGN TRADE: Exports fall for 10th consecutive month
Principal western markets still mired in economic downturn. New Delhi, Sept. 1 Hopes for a turnaround on the foreign trade front were belied as the country’s exports at $13.62 billion in July were 28.4 per cent lower than the $19-billion ...

EVENTS: Infosys quiz for high school students
‘Scholars 2009’, the annual inter-high school quiz competition, was held at Infosys in Mangalore recently. A company release said here on Tuesday that the quiz saw participation from 77 schools from Dakshina Kannada and ...

PETROLEUM: Gas row: Govt’s interest only on allocation, not Ambanis’ pact
New Delhi, Sept. 1 The Government on Tuesday filed an application with the Supreme Court in the Krishna-Godavari Basin D6 block gas supplies row involving the Ambani brothers clarifying that it was not for declaring the entire agreement of ...

PETROLEUM: Oil products sales up 3.6% in July
Petrol, diesel, consumption growth robust. New Delhi, Sept. 1 Mass consumption products such as petrol, diesel, and LPG have pushed domestic oil product sales up in July (2009-10), which rose by 3.6 per cent (to 10.94 million tonnes) against the ...

NON-CONVENTIONAL ENERGY: BHEL-BEL solar project scouts for tech partner
Bangalore, Sept. 1 The search is on for an overseas technology partner for the 250-MW photovoltaic facility planned jointly by PSU siblings Bharat Heavy Electricals Ltd and Bharat ...

TAXATION: AP loses Rs 1,057 cr tax revenue in 2007-08: CAG report
Hyderabad, Sept. 1 Andhra Pradesh has lost over Rs 1,057 crore revenue in various taxes, stamp duty and registration fee in 2007-08, according to the Comptroller and Auditor-General of ...

ENVIRONMENT: Pune’s radio cabs embark on green drive
Pune, Sept. 1 The streets that have hitherto been the preserve of the notorious ‘wreckshawâlla’ will soon have a fleet of 500 eco-friendly radio cabs that will not only run on CNG, but will actively offer cab-pooling services ...

SCIENCE & TECHNOLOGY: Subbarami Reddy to head House panel on S&T
New Delhi, Sept. 1 Former Union Minister and Rajya Sabha Member from Andhra Pradesh Dr T. Subbarami Reddy has been appointed Chairman of the Parliamentary Standing Committee on Science and Technology and Environment ...

EXCISE AND CUSTOMS: Pranab to meet excise officials
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TAXATION: Suggestions on Direct Taxes Code
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TAXATION: Service tax exemption for specified goods
New Delhi, Sept. 1 The Finance Ministry has now given service tax exemption on transportation of certain specified goods by rail or through inland water and coastal ...

HEALTH: Swine flu toll in India touches 100
Mumbai, Sept. 1 In less than a month, the toll of A(H1N1) influenza or swine flu has touched 100, with Maharashtra accounting for half that ...

REAL ESTATE & CONSTRUCTION: Australian team to take part in green buildings meet
Hyderabad, Sept. 1 An Australian green buildings trade delegation consisting of 29 firms will participate in the Indian Green Building Congress, 2009, in Hyderabad during the second week ...

PACKAGING: ‘Growing FMCG, retail sector will help packaging industry’
New Delhi, Sept. 1 The booming domestic FMCG and retail sector has brought cheer to Cosmo Films, which produces lamination films and other packaging ...