The Hindu Business Line : Sunday, September 26, 2004

ANTI-DUMPING
Anti-dumping duty on methylene chloride imports from Korea
THE Finance Ministry has imposed definitive anti-dumping duty on imports of methylene chloride originating in or exported from South Korea. The definitive anti-dumping duty, unless reviewed, lasts for a period of five years. Methylene ... More

ECONOMY
Manmohan says 'it is my duty to promote India' — Comments on criticism at home
THE Prime Minister, Dr Manmohan Singh, said it was his "duty and obligation" that, whenever he travelled abroad, he should seek to promote India and that he did not believe he had said or done anything wrong. The Prime Minister, during the course ... More

HOTELS
Choice Hotels bullish on South
MID-market hotel chain Choice Hotels is not only bullish on the opportunities in south India, but also in the markets in neighbouring countries such as Sri Lanka and the Maldives. "The South is an important area. We are looking at important ... More

INFRASTRUCTURE
State Govts, FIs must act together for improved infrastructure
IN order to retain the momentum of the improved performance logged by the infrastructure sector during 2003-04, the PHD Chamber of Commerce and Industry has called for cooperation between the State Governments and the financial institutions to ... More

PHARMACEUTICALS
AP plans `strategic growth corridor' in coastal region — CM lays stone for Pharma City
AIMED at transforming the Coastal Andhra region into a `strategic growth corridor' that could attract investments of over Rs 20,000 crore, the Andhra Pradesh Government has firmed up major industrial development plans for the region that involves ... More

TAXATION
No service tax on interest on overdraft, cash credit facility
THE Finance Ministry has now held that interest on overdraft facility or cash credit facility offered to a customer by a banking company or a financial institution or any commercial concern would not be subjected to service tax. This exemption ... More

AUTOMOBILE COMPONENTS
Bosch upbeat on new auto safety systems
Most of Bosch's software work to make cars safer and cleaner is being developed by engineers in Bangalore. More

CONSULTING
Control Risk to extend services to Indian cos
AFTER serving various multinational clients in India, Control Risk Group (CRG), an international business risk consultancy firm, is planning to offer its services to Indian companies. Mr Mike Horner, Regional Director, Asia Pacific said, "CRG ... More

MEDICAL INSTITUTIONS & HOSPITALS
Hospital groups bullish on telemedicine
PATIENTS in rural India being able to get expert advice from a specialist in a metro or even from a doctor in the UK or the US without having to move out of their environs - unthinkable in the past - is a growing reality today. The ... More

DISINVESTMENT
`Delay in divestment hurts Balmer Lawrie long-term plans'
BALMER Lawrie & Co Ltd has initiated a dialogue with an Indonesian company to set up a joint venture manufacturing unit for grease and lubricants. However, the ongoing delay in its disinvestment programme has affected the company's long-term ... More

EVENTS
ICSI to host meet on future strategies
THE 32nd National Convention of Company Secretaries is going to deliberate on `Building strategies for future - A professional's approach', in order to devise future strategies for growth and development of the profession. The Institute of ... More

EXPORTS & IMPORTS
`DEPB rate cut will hit textile exporters'
THE Cotton Textile Export Promotion Council (Texprocil) has expressed dismay at what it calls `sharp' reduction in the duty entitlement pass book (DEPB) rate for the textile exporters. The DEPB rate reduction to the extent of 45 per cent being ... More

Shellac exporters urged to look at higher value addition
CONSIDERING the impressive targeted growth of 31 per cent in export of shellac & lac based products, at Rs 150 crore (for 2004-05), there is an urgent need to now look at high value addition in this sector. There is no room for complacency and .. More