INDUSTRY & ECONOMY
ECONOMY
Q3 growth estimated at 8.9 pc: Jaswant
THE quick estimate of the Central Statistical Organisation (CSO) indicates an economic growth of 8.9 per cent in the third quarter of the current fiscal, according to the Finance Minister, Mr Jaswant Singh. This is upwards of the growth of 8.4 ...
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FOREIGN TRADE
`Indo-Canadian trade growing at 10 pc'
THE Indo-Canadian trade is growing at 10 per cent year-on-year, according to Mr Viney Gupta, Advisor (Trade), Canadian High Commission. He told Business Line that the business between the two countries was showing good improvement. "In ...
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HOTELS
A `boutique hotel' from Ohri group
A KITCHEN in a hotel room where a butler is available on demand! This is precisely what a Hyderabad - based food chain and hospitality group has come up with by designing a three-star hotel which is being termed as a `boutique hotel,' the first ...
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Another Planet Yumm outlet in Chennai
ONE more Planet Yumm will start dishing out Chinese, South Indian and Mughlai food in Chennai from Friday. The franchisee holder, Aana Hospitalities, has roped in Mezban from Bangalore to cook up Mughlai dishes; Chennai's own Wang's Kitchen ...
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INFRASTRUCTURE
Centre okays Rs 1,428 cr for roads in 7 States
IN yet another clearance, which is likely to go down well with the rural folks just before the elections, the Union Minister of Rural Development, Mr Kashiram Rana, on Thursday approved the proposal for phase-III (2003-04) of the Pradhan Mantri ...
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ICICI-Kinfra to execute projects worth Rs 105 cr
ICICI-Kinfra, a joint venture of ICICI and the Kerala Industrial Infrastructure Development Corporation, has catalysed investments worth Rs 105 crore in various build-operate-transfer (BOT) projects in the State. The projects have been ...
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PETROLEUM
5-mt crude buffer at Vizag, Mangalore: Naik
THE Union Government has taken a decision to build strategic buffer reserves of five million tonnes of crude at Mangalore on the west coast and Visakhapatnam on the east coast in underground caverns to take care of about 15 days' imports, ...
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IBP to expand cryogenics business
IBP Ltd plans to focus on building cryogenic vessels for transporting LNG, imported at Petronet's Dahej terminal, to interior parts of the country. The company is in talks with US-based Chart Industries for entering an agreement to produce ...
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PLASTICS
`Plastics threat blown out of proportion'
THE threat posed to the environment by the use of plastic items has been blown out of proportion with the right issues remaining unaddressed, according to the President of the Indian Plastics Federation (IPF), Mr J.C. Agarwal. Addressing a ...
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TAXATION
Service tax audit now extended to all taxable services
THE Finance Ministry has extended the scope of service tax audit to all the 58-odd services for which the service tax is currently levied. Until now, only a few services such as telephone, general insurance and stock broking services came under ...
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SSI
Kerala SSIs urged to form clusters to achieve economies of scale
CLUSTERING experiences abroad as well as in India have indicated that various scale of economies, efficiency linkages and information sharing advantages are secured in geographically agglomerated units as against those existing as clusters. ...
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Codissia to buy Rs 35-cr equipment
IF product manufacturers perceive fairs and expos as the route for reaching out to the world, Intec 2004 - the Industrial Trade Fair now being held in Coimbatore, could mark a starting point for many. The organiser, Codissia, has for the ...
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RADIO/TV
No freeze on cable TV subscriber base: TRAI
THE Telecom Regulatory Authority of India (TRAI) on Thursday specified that while there is a freeze on cable rates, there were no restrictions on expanding the subscriber base. In clarifications to the Telecommunications (Broadcasting and ...
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EDUCATION
`Industry must subsidise higher education' — AICTE report does not concern IITs, IIMs: U.R. Rao
HIS report on how to inject some life into the Indian education system has stirred a hornet's nest. Prof U.R. Rao, former Chairman of ISRO and former Chairman of Prasar Bharati, who had chaired the committee that tabled a report on the ...
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TELEVISION SETS
CTV picture tube makers want duty `glitch' set right
WITH the implementation of the Thailand Free Trade Agreement (FTA) round the corner, the domestic colour picture tubes (CPT) manufacturers have made a case before the, Tariff Commission to correct the existing duty anomaly faced by the industry. ...
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LEATHER
Foundation laid for leather park in AP
THE leather and textile products from the State could generate exports to the tune of Rs 25,000 crore and provide jobs to 15 lakh people by 2010, according to Mr N. Chandrababu Naidu, caretaker Chief Minister of Andhra Pradesh. Addressing a ...
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GOLD & SILVER
Gold may dip before rising
GOLD prices continue to rise again on the back of a rally in the Euro and other major currencies against the dollar. Talks of European central bank intervention or rate cuts depressed the precious metals markets for a while. However, comments ...
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DISINVESTMENT
Centaur deal: Shourie denies `under-pricing'
THE Government on Thursday denied allegations of under-pricing in the sale of Hotel Corporation of India's (HCI) Centaur Hotel property at Mumbai to the AL Batra Group for Rs 83 crore. The Batra Group subsequently sold the property to the Sahara ...
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EVENTS
In Hyderabad today
EXPORTS & IMPORTS
Sensitive items imports up 38% in April-Nov
IN line with the higher import growth distinctly noticeable during the current fiscal, the import of 300 sensitive items, monitored by the Commerce Ministry in view of their likely adverse fallout on domestic price situation of such commodities, ...
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New schemes for emerging export streams on anvil
ECGC Ltd is now in discussions with various trade organisations, software exporters as well as Nasscom (National Association of Software Companies) for providing big ticket export credit cover in new and challenging areas such as software ...
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Rising freight charges impact soyameal exports
SOYAMEAL exports from the country have been hit by rising freight rates along with avian influenza in many Asian countries. According to Mr Rajnikant Rai of ITC International Business Division, international price of the product has dropped to ...
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`All notified SEZs can avail DEPB benefits'
THE Director-General of Foreign Trade (DGFT) has issued a directive that exports made to all notified Special Economic Zones (SEZs) would be entitled to duty entitlement passbook (DEPB) benefits. Hitherto, the DGFT has been adopting the ...
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TOURISM
Kerala's tourism revenue to top Rs 1,200 crore
AIDED by an allocation of Rs 74.25 crore in the recent State Budget, the tourism industry in Kerala is expected to sustain its growth during the coming year as well. The Budget has also made an additional allocation of Rs 10 crore for marketing ...
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STANDARDS & BENCHMARKS
NGRI gets ISO 9001
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