The Hindu Business Line : Thursday, July 06, 2006

NRIS
More banks hike NRE, FCNR deposit rates
Punjab & Sind Bank has hiked the interest rates on foreign currency non-resident (bank) deposits and Non-resident (external) term deposits with effect from July 1. Interest rates on US dollar deposits have been hiked from 5.43 per cent per ... More

FOOD & CUISINE
There's more to chew!
A host of international food brands have big plans in India. More

NON-CONVENTIONAL ENERGY
Rlys reworking norms for commercial jatropha
Revenue sharing basis may be eased to attract pvt sector More

CHEMICALS
Indiasoft Tech launches gPROMS
The Pune-based Indiasoft Technologies will introduce gPROMS, a software that will understand chemical process and aid the functioning of chemical engineering-based companies. The software is developed by the UK-based Process ... More

ECONOMY
Cong CMs told to take strong steps to curb prices
CMs want States be empowered to act against hoarders More

ENGINEERING
Nasscom ropes in Booz Allen to study engg services space
India's skills in the software services space have been well acknowledged and now it is time to move on to other segments which can bring in the moolah to the country. For this, the National Association of Software and Services Company ... More

FOREIGN TRADE
Nathula Pass: A springboard for India-China trade ties
Resumption of trade through Nathula with China More

Sikkim traders gung-ho over opening of Nathula Pass
$5,000 transactions likely on each trading day More

`Imports under FTA not to hurt domestic industry'
India told Sri Lanka that imports under the bilateral free trade agreement should not adversely affect the domestic industry and such an engagement through FTA should be a win-win situation bringing economic benefits to both sides. The Union ... More

INFRASTRUCTURE
Call for time bound rail, road connectivity to ports
Several States called for provision of road and rail connectivity to their ports in a time bound manner for attracting private investment. Port Secretaries and the State Port Authorities of various maritime States and Union Territories ... More

Satyam tool for Dubai municipality
Satyam Computer Services Ltd has announced that it will implement an infrastructure lifecycle management solution for Dubai Municipality (DM). This solution will help DM develop better relationships with its clients and vendors ... More

PETROLEUM
GSPC drills second well in Ahmedabad
Co may be listed on BSE next year More

PERSONAL PRODUCTS
Good monsoon bounty for FMCG sector
Analysts forecast a 20-25 per cent growth for June quarter More

EDUCATION
Get American higher education here...
More

Zensar, Vishwakarma Institute team up
Zensar Technologies Ltd and the Vishwakarma Institute of Technology (VIT) have signed a collaboration agreement to set up a center for resource development for the IT industry. The company will install its virtual global delivery ... More

New rules likely for foreign varsities setting up shop here
The Government is planning to stipulate a minimum capitalisation norm of Rs 10 crore for foreign educational institutions setting up shop in India. These institutions will also have to get mandatory registration as Foreign Education Provider ... More

Andhra Bank, IIIT sign MoU
Andhra Bank has entered into a memorandum of understanding with the International Institute of Information Technology (IIIT) for financing of educational loans to the latter's students. Mr K. Ramachandran, CMD, said the bank ... More

Ivy League online
LEARNING CURVE: Dr Leonard J. Hausman (left), Founder, Vice-Chairman and Chief Academic Officer, American Higher Education Inc (AHEd), and Mr Nagesh Singh, President, American Higher Education India, at a press conference in the Capital on ... More

VETA plans 300 centres by 2009
VETA, one of the leading English training academies, is planning to set up 300 centres across the country by 2009. The institute, which is commemorating its 25 years in spoken English training this year, has over 90 franchisees. ... More

REAL ESTATE & CONSTRUCTION
Pegasus Realty of UAE eyes South
Pegasus Realty, the UAE-based company plans to build `mini' and satellite townships in South India and has lined up Rs 700 crore investment for the next two-three years into projects. Announcing the launch of its Hyderabad operations on ... More

PAPER, BOARD & NEWSPRINT
Paper sector: Banking on capex plan
Top players in the domestic paper industry are known to have drafted a huge capex plan, which marketmen say will be spread over the next three or four years. This capex is to mainly finance the sector's rightsizing plans, meet environment ... More

INDUSTRY ASSOCIATIONS
India Inc seeks fund to buy high-tech manufacturing cos abroad
Industry captains put forth suggestions to boost growth More

SCIENCE & TECHNOLOGY
Insat-4C home launch on July 10
ISRO announced July 10 as the date to launch Insat-4C, the first operational communications satellite to be flown from homeground. The 2.18-tonne 4C carries 12 Ku-band transponders meant for broadcasting and DTH services. It will ... More

RURAL DEVELOPMENT
Banks willing to lend more to SHGs
Good recoveries draw more into the act, also into urban areas More

EXPORTS & IMPORTS
Notification on sugar export ban causes ripples
Advance licence holders may be allowed to ship More

TOURISM
Rajasthan to start 2 more luxury trains
New hotel policy to focus on more projects More

PEOPLE
New Food Secretary appointed
The Union Government has appointed Mr T. Nandakumar as the new Secretary, Department of Food and Public Distribution. Mr Nandakumar, currently the Chairman of the Spices Board, would be taking over on Thursday from Mr R.N. Das. ... More