The Hindu Business Line : Thursday, November 12, 2009

INDUSTRY & ECONOMY

ECONOMY: Rising excise, Customs revenues signal economic pick-up
New Delhi, Nov. 11 Signalling a pick-up in the economy on the back of a good festival demand, the Centre’s excise duty collections inched up in October to Rs 8,952 crore. This represented a 4 per cent increase over the Rs 8,591 ...

ECONOMY: Exports decline 11.4% in October
New Delhi, Nov. 11 The country’s merchandise exports shrank to $12.5 billion – down by 11.4 per cent, for the thirteenth month in a row in October due to sagging overseas demand on the back of the economic slowdown in the ...

AUTOMOBILES: Vehicle sales increase 15% in October
Cars show 33% rise, commercial vehicles up 52%. New Delhi, Nov. 11 Total vehicle sales in October rose 15 per cent over the same period last year as the market continued an upward trend for the ninth month in a row after the low base of the ...

ECONOMY: Case for a global wage floor
The forces of globalisation have contributed to sharpening economic inequalities. The drive to compete is driving down workers’ wages to a level where they can no longer purchase the goods produced by them. While sweatshops have been on ...

ENTREPRENEURSHIP: Entrepreneurs should move to formal sector: IFC
Financier’s CEO says small businesses create jobs. Chennai, Nov. 11 It is necessary for young entrepreneurs to move from the informal sector to the formal sector to start ventures, as it is shown statistically that the latter grows eight ...

CLIMATE & WEATHER: Cyclone skips Mumbai, but Govt takes no chances
Likely to weaken into a deep depression. Mumbai, Nov. 11 Cyclone Phyan may have bypassed Mumbai, but it had the city on edge all day. With the cloud-burst and flooding of the city about four years ago, still a recent memory, the Maharashtra ...

GEMS & JEWELLERY: Move to reduce caratage in studded jewellery
High gold prices prompt cheaper options. Jewellery manufacturers are looking at bringing down the caratage of gold in studded jewellery from 18 carat at present to about 14 carat in order to bring down the prices and pass on the benefit to the ...

PHARMACEUTICALS: Pharma MNCs campaigning against domestic sector: Sharma
‘Some multinational firms continue to misinform, mislead and confuse’. New Delhi, Nov. 11 India complained to the World Intellectual Property Organisation (WIPO) on Wednesday that some multinational firms have launched a campaign ...

COURTS/LEGAL ISSUES: Pitfalls in transition to new legislation
India Inc today faces unprecedented changes in the legal environment. In principle, enacting a fresh Act to replace an outdated legislation is good. However, the big challenge is the smooth transition from the current Act to a new ...

WATER: 24x7 water supply in more wards of 3 Karnataka cities
Mangalore, Nov. 11 The Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) - which has implemented 24x7 water supply system in select wards of Hubli-Dharwad, Gulbarga and Belgaum city corporations – plans to ...

GEMS & JEWELLERY: Gem and jewellery show in Kochi
The second edition of Kerala Gem and Jewellery Show (KGJS) will be held from November 21 to 23 at Hotel Le Meridien. KGJS 2009 is presented by Department of Industries and Commerce. The show, apart from promoting the jewellery industry and ...

HUMAN RESOURCES: State Govt has new designs on craftsmen, says Minister
The Kerala State Institute of Design (KSID) will support the all-round development of the craft sector by providing new designs and novel methods of production, according to Mr P.K. Gurudasan, Minister for ...

CARS: Green, compact cars the way to go, says Ghosn
From the global car industry’s point of view, 2010 will be the year of stability and not recovery, believes Mr Carlos Ghosn, Chairman and Chief Executive Officer ...

REAL ESTATE & CONSTRUCTION: Bidders should satisfy themselves about title deeds of property on auction: Court
Chennai, Nov. 11 Intending bidders in auctions held by banks for sale of properties should satisfy themselves as to the title, encumbrances, etc. of such properties, the Madras High Court held. It could not interfere with such auctions ...

PETROLEUM: GSPC may go for 5% private placement to raise Rs 1,000 cr
Initial public offer to follow. Kolkata, Nov. 11 Having received the formal approval for its KG basin gas field development plan from the Ministry of Petroleum and Natural Gas on November 8, the Gujarat State Petroleum Corporation may soon go ...

ECONOMY: Sensitive items import up 30% in Apr-Aug
New Delhi, Nov. 11 The import of sensitive items during April-August has shown a hefty hike of 30 per cent when compared with the corresponding months of the ...

HCV/LCV/TRACTORS: Truck rentals on the upswing
Bangalore, Nov. 11 That the economy is inching towards positive growth and stability is reflected not only in the continuous upswing in truck rentals in October, but also in the rise in truck ...

NON-CONVENTIONAL ENERGY: Common standards soon for photovoltaic units
Hyderabad, Nov. 11 SEMI, the global industry body for semiconductor and photovoltaic industry, and its Indian chapter are in the process of evolving common standards aimed at helping in reducing the cost of implementation of photovoltaic ...

STEEL: Anti-POSCO leaders on campaign tour
Kochi, Nov. 11 Leaders of POSCO Pratirodh Sangram Samithi (PPSS), the people’s movement against South Korean Steel major POSCO, are currently on a national campaign tour in Kochi Bangalore, Bhopal, Mumbai, Madurai etc, to generate ...

CLIMATE & WEATHER: NIIT Tech partners Hitachi for cloud computing
New Delhi, Nov. 11 NIIT Technologies Ltd on Wednesday announced its partnership with Hitachi Information Systems, a provider of IT infrastructure services in Japan, to offer services in cloud ...

CONSULTING: Mr P. Raju Iyer, Chairman, Inter-Institution Coordination Committee, Southern India Regional Council of the ICWAI;Adhiparasakthi Engineering College, Melmaruvathur
Chennai, Nov. 11 “If you want to live a happy life, tie it to a goal. Not to people or things,” said Mr P. Raju Iyer, Chairman of the Inter-Institution Coordination Committee of the Southern India Regional Council of the Institute ...

EDUCATION: Mr Ramanujam Sridhar; Mysore University
Mysore, Nov. 11 It was an immersion into the world of brand building and advertisement as communication consultant and media columnist Mr Ramanujam Sridhar provided a practical perspective to a theoretical concept to the MBA students of ...

COURTS/LEGAL ISSUES: Advocates’ stir set to end
The stalemate in Calcutta High Court, continuing since November 3, is likely to come to an end soon. The cease-work by advocates, launched in protest against the Government’s failure to appoint sufficient number of judges, is likely to ...