NRI deposits picking up in Kerala
The flow of non-resident deposits to the commercial banks in Kerala has picked up between September 30 and December 31, 2005. This marks a reversal in the declining trend in non-resident deposits recorded in the first half year of 2005-06, ...
Banks raise NRE, FCNR rates
Banks such as Dena Bank, Union Bank of India, Central Bank of India and Bank of India Bank have raised interest rates on the NRE and the FCNR (B) deposits across various maturities with immediate effect. Dena ...
AAI inks pacts for airport revamp
Giving a boost to the Government's plans to modernise airports in Delhi and Mumbai, the Airports Authority of India (AAI) today signed the shareholders' agreement and the Operations, Maintenance, Development Agreements (OMDA) for both the ...
Existing rules must be valid for SEZ applications'
The PHD Chamber of Commerce and Industry (PHDCCI) on Tuesday urged the Government to take up special economic zone (SEZ) applications already considered by the first meeting of the Board of Approvals, according to the existing policies and rules. ...
Singapore plans to develop SEZ in India
Singapore is actively considering developing a Special Economic Zone (SEZ) in India to bring in a large range of industries. This has been indicated in the joint statement on themed-term review of the India-Singapore Comprehensive Economic ...
ONGC to award contracts for CBM blocks this month
ONGC is hoping to award contracts for integrated exploration and development of coal bed methane (CBM) in six blocks in Jharkhand and West Bengal this month. The contract may witness major escalation of costs vis-à-vis the company's initial ...
HPCL plans Rs 18,000-cr project in Vizag
Hindustan Petroleum Corporation Ltd (HPCL) is planning to set up a Rs 18,000-crore project at Visakhapatnam. The project involves a naphtha cracker, refinery and petrochemicals complex, according to the Vice- Chairman and Managing Director of ...
14 cos attend CBM-III roadshow
The roadshow for the third round of the coal bed methane (CBM) being held in Brisbane, Australia, saw 14 explorations and production (E&P) companies participating. According to an official communiqué, the positive response to the
Dabhol power to cost between Rs 4.50-5.70 per unit
The use of naphtha in restarting the first phase of the Dabhol power project could result in power costs of between Rs 4.50 and Rs 5.70 per unit when the 740 MW station gets going from next month. Speaking at the sidelines of a function here ...
Tehri plant's generation target
State-owned Tehri Hydro Development Corporation (THDC) on Tuesday said it planned to generate 1.16 billion units of electricity after commissioning the 1,000-MW Tehri Stage-I power plant in 2006-07. This generation target is part ...
Dwarikesh to expand co-generation capacity
Dwarikesh Sugar Industries Ltd has informed the Bombay Stock Exchange that the company is intending to expand its co-generation capacity from 26 MW to 50 MW by setting up additional co-generation capacity of 24 MW at its Dwarikesh Puram ...
Plea against hike in VAT on cell phones
The hike in VAT on cell phones from 4 to 12.5 per cent will see widespread grey trade again in the State, the industry has warned. The Government of India had classified some electronic items as IT products, and reduced tax rates on them for ...
Deloitte to double headcount in India
Audit and consultancy services firm, Deloitte Touche Tohmatsu today said it would strengthen its Indian operations by doubling the headcount to 12,000. Mr William G. Parrett, CEO of Deloitte Touche Tohmatsu, USA said, "We are working on ...
GOLD & SILVER
DGCX to launch gold, silver options
Dubai Gold and Commodities Exchange (DGCX) plans to launch options on gold and silver in the last quarter of the year. The exchange, which recently commenced trading in silver futures, has been accorded approval by the Emirates Securities and ...
KNITWEAR & HOSIERY
Tirupur exporters' assn concern
Knitwear exporters from Tirupur have expressed apprehension over the continuation of the strike by the State Bank of India employees and have appealed to the Government to end the strike. The Tirupur Exporters' Association in a communication ...
Hyderabad to host meet on oilmeal usage
The Solvent Extractors' Association of India (SEA), jointly with CLFMA of India (CLFMA) and American Soybean Association (ASA), has organised the 7th National Seminar for popularisation of oil meal usage in compound cattle, poultry and aqua feeds ...
Meet to discuss metal price behaviour
A one-day seminar on exchange traded commodities price outlook for 2006 covering bullion, metals and energy will be held in Mumbai on April 22. Organised by Foretell Business Solutions, the meeting will bring together experts and market ...
Mala Araya meet
For the first time in the history of Mala Araya community, a State-level conference is being organised at Mundakkayam. The organisers expect a large gathering from all the districts in the State, said Mr P.K. Bhaskaran, ...
Lecture on corporate governance
A lecture on issues pertaining to corporate governance in the present scenario will be organised by the Hindu-Business Line Club at the Magnus School of Business on Wednesday at 2 p.m. After inaugurating the club, Mr E.A.S ...
Paragliding festival at Vagamon
Kerala Tourism in association with Adventure Sports and Sustainable Tourism Academy (ASSTA) is organising an international paragliding festival at Vagamon from April 6 to 8. The event would see over 40 international and national glider pilots. ...