The Hindu Business Line : Wednesday, June 07, 2006

NRIS
Karnataka Bank hikes NRE, FCNR deposit rates
Karnataka Bank Ltd has increased interest rates on the NRE deposit scheme and the FCNR(B) deposits with effect from June 1. A bank release said here on Tuesday that the interest on the NRE deposit has been increased to 6.43 per ... More

ECONOMY
No price hike rollback: Deora
Expects portion of Rs 28,000-crore oil bonds issue soon More

Left calls for nationwide bandh on June 13
The Left parties on Tuesday decided to further intensify their agitation against the Government decision to increase petrol price by Rs 4 per litre and diesel price by Rs 2 per litre and has called for a nationwide bandh on June 13. The BJP ... More

UPA Govt mulls initiatives for inclusive development
The initiatives include empowerment through education, a comprehensive strategy for better health, clean water for all, sanitation, rural infrastructure, employment, balanced regional development, pulling up SCs/STs and other lagging communities and gender balancing. More

TN Plan outlay pegged at Rs 12,000 cr for '06-07
Government committed to reviving economic growth: CM More

ENVIRONMENT
Dubai co offers air quality services
Ever wondered why most plush hotels smell musty? Or why you have a sore throat and nose block after spending a night in a hotel. The smell is caused by mold and the sore throat is a mold allergic reaction, according to Mr Kelvin Bruce, ... More

FOREIGN TRADE
Romania offers expertise in power
With a view to increase the bilateral trade between India and Romania, the Commerce Minister of Romania, Mr Iuliu Winkler, invited Indian companies to take advantage of Romanian companies' expertise in the energy sector, ... More

HEALTH
Natco launches new drug for bone disease
The city-based pharmaceutical company Natco Pharma Ltd has announced the launch of Ibandronate Sodium in tablet and injection forms. Launched under the brand name of Bandrone, Ibandronate Sodium is used in the treatment of metastatic bone ... More

INFRASTRUCTURE
Reddy to lay stone for Fab City today
$3-billion Sem India project near Hyderabad More

Work on eight-lane ring road begins
To encircle Hyderabad and Secunderabad More

PETROLEUM
`Fuel price changes needed due to crude upsurge'
Dr C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister maintains that the steps taken on petrol and diesel are important. He adds that the price changes were essential in view of higher crude prices. He further ... More

IOC set to benefit substantially from Govt package
IOC could end up being the biggest beneficiary of the package of measures announced by the Government on Monday as part of its efforts to protect the retail marketing companies from revenue loses due to surge in international crude ... More

Chambers flay fuel price hike
The trade and industry here have protested against the decision of the Union Government in effecting a steep hike in the prices of diesel and petrol. The President of the Indian Chamber of Commerce and Industry, Mr Balagopal B. Pai said such a ... More

PLASTICS
Industry protests plan to levy excise on recycled plastic
Plastic products manufacturers are concerned over the proposal to levy excise duty on recycled plastic raw materials and products, which they feel should continue to be exempted from excise duty. According to industry representatives, the move ... More

POWER
Lanco bags Anpara thermal power project
To cost about Rs 4,000 cr; outbids Reliance Energy, Essar More

TEXTILES
`Textile industry makes a turnaround'
Exports grow 25 per cent to $17 billion More

EDUCATION
Singapore's PSB Academy scholarship
PSB Academy, Singapore, will offer scholarships worth Rs 1.4 crore to international students for the Bachelor of Electrical Engineering course, from University of Newcastle, Australia, at the Academy. The three-year, ... More

AIR-CONDITIONERS & REFRIGERATORS
AC prices may go up
The cost of air-conditioners in India could rise by 6-8 per cent on average, according to Mr T.G.S. Babu, President, Refrigeration and Air-conditioning Manufacturer's Association, and Executive Director, Blue Star. He told ... More

REAL ESTATE & CONSTRUCTION
DLF Universal focusing on South for growth
To expand its core business real estate nationally More

LEATHER
Ministry to ask SIPCOT to take over licence for SEZ
The move will help early implementation of the footwear project More

INDUSTRY ASSOCIATIONS
WIAA opposes petrol price hike
Mr Deepak Kapadia, President, Western India Automobile Association (WIAA), has said that WIAA was opposed to the price hike. "The government should have hiked petrol prices in two phases. In States such as Maharashtra, the ... More

BIO-TECH & GENETICS
UK keen to explore new opportunities with India
17-member biz delegation to attend Bangalore Bio More

INDUSTRIAL POLICY
Friendly industrial policy for Maharashtra
Maharashtra's new industrial policy would ensure that industry finds the State's administration proactive and investment friendly. There should not be any gap between industry expectations and policy, Mr Vilasrao Deshmukh, Chief Minister, ... More

EVENTS
Services talks: India seeks liberal commitments
To respond to requests from developed countries More

INCOME TAX
ICAI, I-T dept team up for help centres
The Institute of Chartered Accountants of India (ICAI) will team up with the Income Tax Department to set up help centres in its offices to assist small taxpayers in areas like filing of income tax returns. ICAI will provide amenities such as ... More

ALTERNATIVE MEDICINES
Ayurnet to start herbal farming in Gujarat
Company has acquired 35 acres near Vadodara to grow herbal plants More