Business Daily from THE HINDU group of publications
Wednesday, August 09, 2006
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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Vizag airport work resumes at full pace
Completion likely by Dec: AAI official More

Maharashtra rains hit vegetable, fruit arrivals
Exports to West Asia, Europe affected over the last week More

NRIS
AP tops in NRI remittances
Andhra Pradesh receives the highest amount of money remitted by Non-Resident Indians (NRIs) to India. It is followed by Maharashtra. According to Remit2India.com, the online money transfer portal for NRIs, Andhra Pradesh has excelled in many ... More

FCNR, NRE deposit rates reduced
Bank of Rajasthan has decreased interest rates on NRE and FCNR (B) deposits, with effect from August 1. The revised interest rates on NRE term deposits of one year to less than two years is 6.54 per cent (6.70 per cent), on ... More

ECONOMY
Floods force shutdown of Hazira petrochem units
ONGC, Reliance units also hit; Heavy Water Plant shut down More

Banking reforms slowing in emerging economies: BIS
Alternative approaches emerging; easy work is done More

`Additional spending will not widen budget deficit'
The Finance Minister, Mr P. Chidambaram, on Tuesday told the Lok Sabha that the Government plan to increase spending on food and fuel subsidy would not widen budget deficit. As part of the first batch of supplementary demands for grants for ... More

ENGINEERING
Date extended for getting BIS mark
The Finance Ministry has extended the time limit up to December 31 for the pump manufacturers to get the Bureau of Indian Standards (BIS) mark for availing themselves of the SSI duty exemption. In a statement, Mr C.R. ... More

FOREIGN TRADE
Japan keen on ties in manufacturing tech
Japan wants to co-operate with India in improving its manufacturing technology, Mr Yasukuni Enoki, Japanese Ambassador to India, said today. Speaking at the Indo-Japan Chamber of Commerce and Industry here on `Future Perspective of Japan-Indian ... More

HOTELS
Hilton Corpn to manage Empee's hotel
The Empee Group, which has interests in hospitality, liquor and sugar, has achieved financial closure for its five-star deluxe hotel project in Chennai. Global hotel chain Hilton Corporation will manage the hotel. Mr M.P. ... More

PSU
12 independent director posts in 7 CPSEs vacant
7 months after deadline for appointment More

PETROLEUM
Scottish oil, gas cos looking for joint ventures in India
Opportunities in deep-sea exploration More

ONGC board okays development of C-series field at Mumbai offshore
Also approves Dahej petrochemicals complex More

`No change in petro product levies'
The Government on Tuesday said that it has no proposal under its consideration for a change in excise duty structure and rates of petroleum products. "At present, there is no proposal under the consideration of the government to ... More

PHARMACEUTICALS
International diabetes study includes seven Indian sites
Does Sanofi-Aventis' hypertension drug Ramipril work better than GlaxosmithKline's insulin sensitiser Rosiglitazone in preventing or delaying the development of diabetes? Or do the two drugs work well together in preventing the progress of ... More

POWER
Trading cos cannot buy power from other traders: CERC
The Central Electricity Regulatory Commission (CERC) today restrained power trading companies from buying electricity from other traders and directed that they can buy electricity only from generating or distribution companies. Acting on a ... More

SSI
Main thrust on rating: CARE
Credit Analysis & Research Ltd (CARE)expects considerable business to come its way, thanks to continued activity in the debt market. "Ratings will continue to be our main thrust, while advisory and information services will grow at its own pace," More

TERRORISM
Sri Lanka needs a new peace process
"India wants the continuation of Norwegian role in Sri Lanka and even wants the US to get involved, and is saying so, both in private and public." More

RADIO/TV
Tata Sky launches DTH service
A customer would have to pay Rs 2,999 for a set-top box, Rs 1,000 as installation charges apart from the introductory special price of Rs 200 per month. More

TRAI drafts tariff plan for CAS implementation
The Telecom Regulatory Authority of India has proposed that each service provider should provide one Set-Top Box (STB) apart from any alternative tariff package in Delhi, Mumbai and Kolkata, where Conditional Access System (CAS) will be ... More

EDUCATION
Know your India quiz
"How many young Indians know that the largest and most efficient logistics operator in the world on a day-to-day basis is the Mumbai dabbawallah," asks M. Gopinathan, Chairman of the India Quiz programme of Rotary Club of ... More

CARS
Passenger car sales jump by 28 pc in July
Passenger car sales remained on a roll for the fourth consecutive month this financial year with sales jumping by 28.4 per cent in July, over the same month last year. Sales have been on a high since April, helped by cut in excise duty on ... More

AIR-CONDITIONERS & REFRIGERATORS
GLEANINGS
What's hot is air-conditioning!
How big is the AC market in India? According to the latest annual report of Blue Star Ltd, it is Rs 5,600 crore. The amount is split equally between the centralised variety, and the window/split air-conditioners. A smaller but a growing `climate ... More

BEVERAGES
Colas, health and consumer choice
For good health, a person needs to take 80 per cent alkaline food and 20 per cent acidic. More

REAL ESTATE & CONSTRUCTION
Unitech to develop part of Greater Noida
Real estate developer Unitech Ltd has bagged a tender to develop around 100 acres of land in Greater Noida (Delhi NCR). The company will develop a housing project with a total build up area of about 8 million sq. ft. involving a capital outlay ... More

Realty portal for Chennai market
Saka Solutions, a software development company with offices in Chennai and the US, has launched www.Veedugal.com, a real estate portal to cater to the Chennai market. The company plans to ... More

PIL against structures on agricultural land: Madras HC orders status quo
The petitioner prayed for issue of writ order directing respondents 1 to 4 to demolish the entire superstructure that was being put up on the above agricultural land. More

PCB to monitor multi-storey constructions
The Kerala State Pollution Control Board has issued guidelines on the pollution control measures to be ensured before the construction of multi-storeyed buildings in the State. Accordingly, the board's prior approval is necessary for ... More

GENDER
UAE women team at Kerala boat race
A group of 10 women based in the United Arab Emirates will take part in the Nehru Trophy Boat Race to be held in Alappuzha on Saturday. The women, who come from several different countries, will join 23 Indian women from the ... More

WTO
The expanding horizons of Regional Trade Agreements
With the WTO in crisis, and hopes fading for the multilateral route to international trade, there is an inevitable shift to regional agreements. More

Trade talks tripped over access to developing markets: Kamal Nath
Minister urges developed nations to uphold multi-lateralism More

HUMAN RESOURCES
National HRD Network in Tiruchi
The Tiruchi chapter of the National HRD Network was inaugurated at a function held in the city recently. The new chapter, affiliated to the National HRD Network headquartered at Hyderabad, has been launched to strengthen HR ... More

EVENTS
Computational geoinformatics meet at Thiruvananthapuram
The Indian Institute of Remote Sensing (IIRS), the National Remote Sensing Agency (NRSA) and the Indian Institute of Information Technology-Kerala (IIITM-K) have jointly launched a collaborative academic programme in ... More

ENTREPRENEURSHIP
KFC to disburse loans worth Rs 32 cr
Kerala Financial Corporation will disburse loans to the tune of Rs 32 crore to the entrepreneurs in Thiruvananthapuram district during the current financial year. At a business meet here on Tuesday, Mr V.M. Gopala Menon, Managing ... More

EXPORTS & IMPORTS
Rubber exports up in Q1
A total of 28,617 tonnes of rubber was exported during the first three months of the current financial year, said Mr Sajen Peter addressing the 156th meeting of the Rubber Board here. Last year 5,056 tonnes were exported during the same period. ... More

NATURAL CALAMITIES
AP flood situation still grim
Over 31 lakh people affected, 11.3 lakh evacuated More

Karnataka seeks Central aid for floods
Excess rainfall causes extensive crop damage More

Gujarat launches relief, rescue operations
With parts of Gujarat still getting heavy downpour and more areas in four southern districts coming under flood water, the State Government today launched a relief and rescue operation on a war-footing, distributing four million food packets and ... More

TOURISM
Talks soon for more direct India-Japan flights
Japan Ambassador bullish on wooing Indian tourists More

STANDARDS & BENCHMARKS
PERSPECTIVE
Detoxification of colas
The cola majors are in the dock again on the same charge — the pesticide content in their beverages being dangerously excessive vis--vis the internationally-accepted safety norms. That they have not dragged the NGO levelling this ... More

AP analysing residues in colas
Following reports of pesticide residues in colas, the Andhra Pradesh Government has directed the Institute of Preventive Medicine (IPM) to pick samples from all the districts and send them to CFTRI (Central Food Technology and Research Institute, ... More

Quality testing squads
The Kerala State Civil Supplies Corporation (Supplyco) has put in place 56 testing squads to ensure the quality of essential items being sold during the Onam festival. The arrangement is over and above the prevailing testing ... More






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Top Stories
Raymond, UCO NV form denim joint venture

Passenger car sales jump by 28 pc in July

Finance Ministry Directive to PSBs — Making a mockery of Monetary Policy?

What's hot is air-conditioning!

Tata Sky launches DTH service

FOMC: Pause on the cards

AP tops in NRI remittances

Hero Honda to set up new plant in Uttaranchal

Water levels satisfactory in majority of reservoirs

Looking back
Jul. 30-Aug. 5
Cabinet note on power plant for Rlys sent to Finance Ministry

TN Budget: Politically adroit, yet fiscally responsible

NTPC may get waiver on joint venture financial cap

Modi charts out `5F' plan

PSBs' credit exposure to SMEs on the rise

`Dept not fully geared for e-filing of returns'

TRAI defers order on short codes for SMS by 3 months

India a better place to invest than China, says Forbes survey

Four firms bag Rlys vending kiosks contract

Vegoil tariff values hiked

Egg exports to Gulf may resume by August 15

Q1 fiscal deficit crosses 50% of entire 2006-07 estimates

Discount issue: MRPL told to negotiate with OMCs

ONGC to invest Rs 4,976 cr in 2006-07

Pvt trade wheat import shipment set to arrive

Monetary puzzle: Is Taylor's rule the answer?

Increase in pesticide residue in soft drinks: New CSE report

EEPC targets $23-b exports this fiscal

`Alarming rise in bacterial percentage in Ganga waters'

BoI, UTI MF sign pact for micro pension plan

Southern demand drives growth in Q1 tractor sales

Vidarbha package disbursal gains speed

`2.4 lakh rooms needed to cater to tourism growth'


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