The Hindu Business Line : Saturday, June 03, 2006

EMPLOYMENT
US receives sufficient H-1B applications to meet FY'07 cap
"Even if the cap remains at the level it is currently in, India would gain as the outsourcing to the country may increase, given visa crunch in the US.'' Close to 50 pc issued to India are taken by the top five IT cos More

CLIMATE & WEATHER
Monsoon flows set to weaken as Bay `low' gets deferred
With model predictions tending to defer the formation of the Bay `low' by a day, meteorologists have been forced to get back to their drawing boards and plot the monsoon itinerary afresh for Central and Northwest India. Cross equatorial flows ... More

Maharashtra rains: Death toll 35
Many districts in Maharashtra experienced moderate to heavy rainfall in the last 24 hours. The death toll in rain related mishaps has touched 35, including seven in Sindhudurg, four in Ratnagiri and three in Mumbai. Ratnagiri ... More

NRIS
PNB hikes FCNR (B), NRE deposit rates
Punjab National Bank (PNB) has increased/revised interest rates on its foreign currency non-residents (banks) deposit scheme and also on its non-resident external (NRE) scheme with effect from June 1. A release issued by PNB said that interest ... More

CEMENT
Cement majors' May sales up
Domestic cement manufacturers have reported widely varying year-on-year sales for May 2006. The Associated Cement Companies reported flat growth in sales at 15.22 lakh tonnes for May 2006, marginally lower than a year ago when ... More

ECONOMY
Inflation up on costlier food, energy prices
Wholesale Price Index increases to 201.1 points More

ENVIRONMENT
ICFAI poster contest for corporates
The Institute of Chartered Financial Analysts of India (ICFAI) has announced that it is conducting a `World Environment Day Post Contest' in various corporate houses in Hyderabad and Visakhapatnam on June 5. In a press release ... More

HEALTH
Regular blood donors to be feted
As part of the observance of World Blood Donor Day on June 14, surgicals major Terumo Penpol is teaming up with the National Service Scheme (NSS) of the University of Kerala to honour regular donors. Announcing this, a Terumo ... More

PSU
Cabinet okays revival of Tungabhadra Steel
The Cabinet on Friday approved the revival of Tungabhadra Steel Products Ltd through joint ventures with public sector enterprises or disinvestments in favour of private parties, the Parliamentary Affairs Minister, Mr Priyaranjan Dasmunsi, told ... More

PETROLEUM
SEEM announces Urja Awards
The Society of Energy Engineers and Managers (SEEM), a professional body of energy auditors and managers, has announced the National Awards for Excellence to Certified Energy Managers (CEMs) and Certified Energy Auditors (CEAs). ... More

GAIL sells entire quantity of LNG spot cargo bought from Algeria
GAIL (India) Ltd has claimed that it has sold out the entire quantity of the first ever liquefied natural gas (LNG) spot cargo bought by the company from Algeria. The LNG, equivalent to 80 million standard cubic metre (MMSCM) of natural gas, was ... More

HC order on storage tanks in Ernakulam
Port officials told to file report More

POWER
CCEA okays scheme to strengthen northern power grid
The Cabinet Committee on Economic Affairs (CCEA) today approved an investment of Rs 721.25 crore for the `Northern region system strengthening scheme-V' project. The commissioning schedule of the project is around 36 months from the date of ... More

TAXATION
Siema urges TN to introduce VAT
Seeks resumption of Leco coke production More

TEXTILES
IL&FS looking at equity stake in textile parks
Mandated by Centre as project management consultants for SITPs More

COAL
Pvt sector in coal mining: Govt yet to constitute GoM
Fate of Amendment Bill uncertain More

Singareni Collieries to improve mining systems
Keen to tap underground mines with more scientific approach More

SECL seeks more virgin blocks
`Demand supply gap will continue to increase despite expansion' More

EDUCATION
VETA on expansion mode
VETA, the English training academy, has launched its REACH, a movement to spread fluent English. It would be a new initiative to promote home study packages, its Executive Director, Mr K.V. Rajan, told newspersons here. With 90 ... More

IBSAT test on Dec 17
The Institute of Chartered Financial Analysts of India (ICFAI) has announced that IBSAT-2006, the common admission test for post-graduation programmes offered by the ICFAI Business School, ICFAI School of Banking Studies, ICFAI ... More

ICAI plans major brand-building exercise
New curriculum to be operational soon More

TWO/THREE WHEELERS
Mobike makers rev up launches in entry-level segment
70 per cent of motorcycle sales come from bottom of pyramid, 100-110 cc More

REAL ESTATE & CONSTRUCTION
Prajay Engg begins work on `Harbour City'
Prajay Engineers Syndicate Ltd has launched its mega township project `Prajay Harbour City,' a large format integrated township opposite NTPC at Visakhapatnam. Prajay Harbour City would be spread across an area of 149 acres and comprise 1,044 ... More

INDUSTRY ASSOCIATIONS
CII team meets TN CM on SEZ
A delegation of members of the Confederation of Indian Industry, led by its President Mr R. Seshasayee, today called on the Tamil Nadu Chief Minister, Mr M. Karunanidhi, and discussed issues related to labour, power and ... More

SCIENCE & TECHNOLOGY
DRDO, NIMS to blend research on nano-materials
Hi-tech lab to make medical devices planned More

FOREIGN DIRECT INVESTMENT
More FDI from Italy likely in infrastructure, engg sectors
The infrastructure and engineering sectors in Tamil Nadu could see greater foreign direct investment from Italy over the next three years. With focus on upgrading non-metro airports, Italy is also considering developing roadways in Tamil Nadu, ... More

INCOME TAX
Govt notifies new I-T returns form for assessment year 2006-07
Saral form 2E to be scrapped after July 31 More

EXPORTS & IMPORTS
`Concessional wheat import for private users only after Govt needs are met'
Pawar: Response for wheat tender much lower, additional tender to be floated More

TOURISM
Goa tourism body chief spells out agenda
Self-regulatory code proposed for industry to protect the destination's reputation More