The Hindu Business Line : Thursday, October 29, 2009

INDUSTRY & ECONOMY

ECONOMY: Infrastructure sector growth slips to 4% in September
Cement, coal, power sectors play spoil sport. New Delhi, Oct. 28 Growth in key infrastructure sectors slipped in September after a strong showing in August, which could contribute to a possible moderation in the industrial ...

COURTS/LEGAL ISSUES: RNRL says Oil Ministry colluding with RIL to prevent gas sale at $2.34/unit
Charges ‘baseless’, say Reliance counsel, Additional Solicitor General. New Delhi, Oct. 28 The Anil Ambani-promoted Reliance Natural Resources Ltd (RNRL) alleged on Wednesday before the Supreme Court, which is hearing the gas row ...

REGULATORY BODIES & RULINGS: US panel favours 100% FDI in telecom sector
Recommendations sent to DoT; discussions on Nov 3. The United States Telecommunications Sub-committee, an advocacy body which looks into telecom regulations around the world, has suggested a slew of reforms for India to implement in the ...

EVENTS: Class Action suit provision in Cos Bill to compensate investors
New Delhi, Oct. 28 The Corporate Affairs Minister, Mr Salman Khurshid, on Wednesday said that the Companies Bill, 2009 will also have provisions for Class Action suits that will allow investors to seek compensations ...

SSI: Banks told to lend more to farm, small sectors
Credit flow to employment generating areas. New Delhi, Oct. 28 At a meeting with the CEOs of north-based public sector banks, the Finance Minister, Mr Pranab Mukherjee, urged them to enhance credit flow to ...

POWER: AP seeks 500 MW from Central pool
Rosaiah writes to Shinde asking for additional power. Hyderabad, Oct. 28 Faced with severe power shortage due to enhanced requirement and lower power generation, the Andhra Pradesh Chief Minister, Mr K. Rosaiah, has requested the Centre to ...

REAL ESTATE & CONSTRUCTION: Commercial real estate loans may cost more
Provisioning norms for advances raised to prevent NPAs. Mumbai, Oct. 28 Interest rates on loans to commercial real estate sector may move up with the Reserve Bank of India increasing the provisioning requirement for advances to this sector from ...

COAL: India exploring options to lease coal mines in Australia: Shinde
New Delhi, Oct. 28 India is exploring the option of leasing coal mines in Australia to tide over domestic coal shortages, the Power Minister, Mr Sushilkumar Shinde, said on ...

EMPLOYMENT: Govt plans HRD centres in Bijapur, Gulbarga
Under public-private partnership mode. The Karnataka Government, which has initiated measures to convert the employment exchanges in the State into HRD (human resource development) centres, opened its first HRD centre in Mangalore on ...

COAL: NTPC may import coal directly next fiscal
New Delhi, Oct. 28 NTPC Ltd is looking at the option of importing coal directly from the next financial year instead of the current practice of routing it through agencies such as MMTC, Chairman and Managing Director, Mr R.S. Sharma, said ...

INDUSTRY ASSOCIATIONS: FICCI to hold meet on media business
To tap rich entertainment market. Chennai, Oct. 28 The Federation of Indian Chambers of Commerce and Industry (FICCI) will organise a ‘Media and Entertainment Business Conclave’ on November 18 and 19 at ...

URBAN DEVELOPMENT: World Bank to partner Centre in urban renewal mission
New Delhi, Oct. 28 Buoyed by the tangible success of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in improving civic amenities across the country in urban areas, the World Bank has come forward to partner in the ...

URBAN DEVELOPMENT: Tirupati, Pulivendula get LED street lights
The temple town of Tirupati and Pulivendula, the constituency of late Chief Minister of Andhra Pradesh Dr Y.S. Rajasekhara Reddy in Andhra Pradesh, have street lights powered by light emitting ...

PSU: Air India may hit air pocket again from Nov 1
Mumbai/New Delhi, Oct. 28 Air India’s operations could be disrupted again from November 1 with a section of employees threatening action over non-payment of productivity-linked incentive (PLI) dues. This could gather momentum with ...

POWER: Tariff revision: Karnataka power cos to rework numbers
Bangalore, Oct. 28 The five electricity supply companies (Escom) in the State are beginning to rework their expected revenue charges in view of technical and ...

COURTS/LEGAL ISSUES: Lawyers’ fees come under discussion
New Delhi, Oct 28 High fees charged by senior lawyers became a point of discussion at the Apex Court hearing the Ambani brothers’ gas ...

READYMADE GARMENTS: Readymades to get interest rate subvention
Mumbai: The Government of India has decided to include readymade garments along with textiles under the rupee export credit interest rates subvention scheme with effect from December 1, 2008, RBI said in a notification. ...

SCIENCE & TECHNOLOGY: New Director at NIIST
Dr Suresh Das has been appointed Director of the National Institute for Interdisciplinary Science and Technology (NIIST) here. A scientist in photochemistry and photonic materials, Dr Das is currently Senior Scientist and Head of the ...