The Hindu Business Line : Friday, February 03, 2006

Govt resorts to duty-free wheat import — To curb rising prices, STC to buy 5 lakh tonnes
AFTER a gap of almost six years, India will enter the world market to buy wheat. The country will import five lakh tonnes (lt) this year to curb the rising wheat prices, especially in the South. The public sector State Trading Corporation ... More

Wipro signs deal with GM; eyes $300-million revenue
WIPRO Ltd expects to realise revenues exceeding $300 million (over Rs 1,300 crore) from the five-year IT outsourcing contract signed with global auto giant General Motors (GM) on Thursday. GM finalised its $15 billion mega outsourcing deal by ... More

Reliance Airport moves court against award
THE modernisation plan for Delhi and Mumbai airports faced its first major legal hurdle on Thursday with the Reliance Airport Developers Private Ltd filing a petition in the Delhi High Court challenging the award of the modernisation contract. ... More

Rural employment scheme launched — People assured of 100 days of work in a year
THE Prime Minister, Dr Manmohan Singh, and the Chairperson of the National Advisory Council of United Progressive Alliance, Ms Sonia Gandhi, on Thursday launched an employment guarantee scheme that would give people a legal right to get 100 days ... More

IA slashes economy fares in 146 sectors
THE state owned airline, Indian Airlines on Thursday launched `unchecked fares' that offers highly reduced fares for travel in economy class on 146 sectors. In a statement, the airline has said that under the scheme a passenger can travel ... More

AAI employees continue stir — Passengers advised to travel light
FLIGHT services were normal across the country even as the Airports Authority of India employees continued their agitation on Thursday. "Passengers should be prepared for some inconvenience due to the AAI agitation. We would advise them to ... More

Union Bank not to hike rates for now, says CMD — Follow-on public issue to open on Feb 15
UNION Bank of India is in no hurry to increase interest rates, said Mr Cherian Varghese, Chairman and Managing Director. "We will watch the liquidity in the market and what others are doing. Interest rates depend on competition and liquidity," he ... More

TCS to run automated rural job scheme — Pilot project launched in AP; leakages can be plugged, says Ramadorai
TATA Consultancy Services Ltd, which is involved in automating the pilot phase of the National Rural Employment Guarantee Scheme, feels that automating the whole project will eliminate leakages to a large extent. The pilot project of the ... More

`Electronics growth to propel chip demand to $36.3 b, create 3.5 m jobs'
THE CONSUMPTION of electronic equipment in India is set to increase to $363 billion by 2015 from $28.2 billion in 2005, pushing the total market for semiconductors to a whopping $36.3 billion by 2015. According to semiconductor market research ... More

SEBI cracks whip on Bellary Steel
SEBI, in an interim order issued on Thursday, has directed Bellary Steel & Alloys Ltd and its directors not to issue any further shares or alter its share capital till further directions. The company and its directors have been prohibited ... More

So, what's your credit score?
In the US, for example, where credit scores range from 300 to 850, a person who has a score of anything above 750 is likely to get loans at a rate that is about 1.5 percentage points lower than somebody with a score of about 600. More

Monorail project: To cover 300 km in 18 corridors
WITHIN the next fortnight, bids would have been submitted for both the components of one of the most ambitious public transport projects being taken up by a State Government - the monorail project for Chennai. Earlier this month, the Tamil ... More

Anomalous warm weather engulfs north, central India
ANOMALOUS WARM weather has come to pervade most parts of the country, much before the last western disturbance with its pronouncedly cold nip has announced its arrival along the northwestern border. The resultant convective activity triggered ... More