The Hindu Business Line : Saturday, September 05, 2009

INDUSTRY & ECONOMY

WTO: Delhi meeting re-opens doors on Doha Round
Trade talks to be resumed in Geneva from September 14. New Delhi, Sept 4 Trade ministers representing the broader membership of the World Trade Organisation (WTO) on Friday lifted the logjam in the Doha Round of trade talks to clinch a global ...

REGULATORY BODIES & RULINGS: Tariff cap proposed on short-term power trades
New Delhi, Sept. 4 A sharp spike in electricity prices, coming in the wake of the looming drought situation and upcoming elections in several key States, has prompted the regulator to crack the ...

PETROLEUM: Petroleum Ministry proposes to hike APM gas price by 44%
77% gas produced is sold under administered price. The Petroleum Ministry is considering a proposal to increase the price of natural gas sold under a regulated regime to $2.6 for every million British thermal unit (mBtu) from $1.8/mBtu, ...

NON-CONVENTIONAL ENERGY: Slowdown dims solar panel prices 40-50%
Inventory build-up can brighten power project prospects. Hyderabad/Chennai, Sept. 4 Solar panel prices have fallen 40-50 per cent in the international markets in the last 6-9 months, triggered by the global liquidity crunch. This has led to ...

POWER: IOC open to new tie ups for coal power project
Joint venture with Tata Power yet to take off. Chennai, Sept. 4 With the joint venture with Tata Power for a 1,000 MW project not taking off as planned, Indian Oil Corporation is open to joining hands with other private sector companies for ...

PEOPLE: Leaders pay tributes to YSR
Hyderabad, Sept. 4 The Prime Minister, Dr Manmohan Singh, the UPA Chairperson, Ms Sonia Gandhi, and a host of Union Ministers, senior party leaders across the entire political firmament, including the BJP leader Mr L.K. Advani, joined ...

TOURISM: Golden Chariot gets 70% bookings for TN, Kerala
Services to new destinations likely to start by November. Bangalore, Sept. 4 Karnataka’s luxury train, The Golden Chariot, which is being extended to cover Tamil Nadu and Kerala has seen bookings of up to 70 per cent for the new ...

ENVIRONMENT: CESS to co-develop oil spill model for Kerala
Thiruvananthapuram, Sept. 4 The Centre for Earth Science Studies (CESS) has been chosen as a participating member in a project aimed to developing oil spill models for select locations in Kerala ...

POWER: Karnataka industry writes to CM against power tariff hike
Consumers not in a position to bear additional burden: FKCCI. Bangalore, Sept. 4 The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has written a letter to the Chief Minister, Mr B. S. Yeddyurappa, appealing to him to direct ...

SMALL SAVINGS: Direct Taxes Code will boost savings
The shift from EEE method to EET method will promote long-term savings.. There are several ways of cutting taxes. We can reduce the rates. We can remove the exemptions and apply the rate to gross earnings or we can raise the slabs for applying ...

TOURISM: Houseboats can soon sail into Thiruvananthapuram
Works on Kadinamkulam backwater tourism project launched. Thiruvananthapuram, Sept. 4 The Minister for Home and Tourism, Mr Kodiyeri Balakrishnan, has officially launched works on the Rs 2.44-crore Kadinamkulam backwater tourism project ...

REAL ESTATE & CONSTRUCTION: Realty stocks continue to shine
Revival in residential segment, lower home loan rates buoy sentiment. Mumbai, Sept. 4 Real estate stocks on Friday continued their upward march with few showing signs of weakness in what is seen as a range-bound market ...

EVENTS: Workshop on material handling
The Confederation of Indian Industry( CII) Thoothukudi organised a one-day ’Workshop on Material Handling and Stores Management’. The objective was to create awareness among employees dealing with dual functions of material handling ...

EVENTS: Finfest 09 begins at Manipal
The Manipal Institute of Management, Manipal’s two-day Finfest 09 began on Friday. A press release said here that it is an opportunity for all young minds to participate, learn and showcase their talents at the event. It said that there ...

PETROLEUM: Kerosene burns a hole in PSU refiners’ finances
Loss is over Rs 17/litre and could go up further. Mumbai, Sept. 4 Kerosene has emerged a “huge concern” for the public sector oil refining companies and now accounts for over 25 per cent of the projected fuel losses of Rs 45,000 ...

WTO: US asks emerging economies to open market for poorer peers
New Delhi, Sept. 4 The US Trade Representative, Mr Ron Kirk, on Friday said emerging advanced developing countries should provide more market access to the least developed countries, as the United States has been ...

ENVIRONMENT: China assures India solidarity in climate talks
Chennai, Sept. 4 China has assured India of solidarity with it in the forthcoming climate negotiations ...

COURTS/LEGAL ISSUES: Transfer of property by insolvent person not void
Sale ahead of adjudication is protected: HC. Chennai, Sept. 4 Is transfer of property by a person who was adjudged insolvent within two years after the date of the ...

PSU: Govt to look at listing PSUs to unlock value, says Divestment Secretary
New Delhi, Sept. 4 Listing of unlisted public sector undertakings (PSU) will clearly receive “more emphasis” from the Department of Disinvestment when it goes about implementing the Government mandate on disinvestment in the ...

EDUCATION: IIM-A readies proposal for pay hike
Ahmedabad, Sept 4 Following the footsteps of the Indian Institutes of Technology, the Indian Institute of Management - Ahmedabad has readied a draft proposal for reworking the pay structure and remove disparities in the salaries of its ...

EVENTS: IIM-K finance summit begins today
Kozhikode, Sept. 4 The Indian Institute of Management Kozhikode (IIM-K) will hold its annual finance summit, ‘Arthanomics 2009’, on September 5 ...

INFRASTRUCTURE: Karnataka focuses on infrastructure development
Bangalore, Sept. 4 Karnataka is focusing big on infrastructure development, if the plans and projects in the pipeline are anything to go by. According to Mr V. Madhu, Principal Secretary – Infrastructure Development Department, ...

ENVIRONMENT: ‘Firms must double pace of CO₂ reductions to avoid climate change danger’
Thiruvananthapuram, Sept. 4 Based on current reduction targets, the world’s largest companies are on track to reach the scientifically recommended level of greenhouse gas cuts by ...

EDUCATION: Market scenario makes IIM-B reach out to alumni for funds
Bangalore, Sept. 4 IIM-Bangalore is drawing up a road-map to raise funds from its alumni network and use the resources for research and ...

INCOME TAX: ‘Top income-tax rates to rise globally as Govts seek to fund budgetary spending’
New Delhi, Sept 4 The global trend of declining top personal income-tax rates over the last seven years may end as Governments seek money to fund the spate of stimulus packages and budgetary spending announced due to the global ...

POWER: ‘Some industries may move out of State’
Bangalore, Sept. 4 Just when the Chief Minister, Mr B. S. Yeddyurappa, is trying to project Karnataka as an ideal investment location ahead of its global investors’ meet scheduled in January 2010, the Federation of Karnataka Chambers ...

FOREIGN DIRECT INVESTMENT: Karnataka expects Rs 2-lakh cr investment during investors’ meet
Mangalore, Sept. 4 Karnataka is expecting investments to the tune of Rs 2 lakh crore during the global investors’ meet, which is scheduled to be held in January 2010, according to Capt Ganesh Karnik, Deputy Chairman of NRI forum, ...

EXCISE AND CUSTOMS: Cos liable for interest on wrongly taken Cenvat credit
New Delhi, Sept. 4 The Finance Ministry has made it clear that interest liability will arise on companies in situations where Cenvat credit had been wrongly taken, but ...

WTO: PM lauds participants for ending deadlock
New Delhi, Sept. 4 Trade ministers of about 35 WTO-member countries on Friday called on the Prime Minister, Dr Manmohan Singh, to inform him of the progress made during the WTO mini- ministerial meeting in ...

EDUCATION: Management institute ties up with JIS Group
National Institute of Personnel Management (NIPM) joined hands with the JIS Group and held industry academia interaction conclave here on Friday. This followed the directive from All-India Council for Technical Education (AICTE) making ...

PETROLEUM: Gas dispute will not change purchase pact for NCR units: NTPC
New Delhi, Sept 4 NTPC Ltd on Friday said it has resolved pending issues, excepting one, with Reliance Industries Ltd (RIL) on the signing of a Gas Supply and Purchase Agreement (GSPA) with the Mukesh Ambani group company. The GSPA pertains ...

EDUCATION: Sachiin Y. Rai, Centre Director, T.I.M.E.; Greater Noida Institute of Management
There’s no prize for coming second, there’s only first, said Mr Sachiin Y. Rai, Director, T.I.M.E. Institute, Greater Noida, quoting actor Al Pacino’s inspirational speech from the movie ‘Any Given ...