The Hindu Business Line : Saturday, August 12, 2006

EMPLOYMENT
Monster India `Magic' resume search
Monster India has announced the launch of `Magic Search', which redefines the paradigm of how employers conduct resume searches. Mr Vikas Agrawal, Vice-President (Technology), said: "In the current scheme of things, recruiters ... More

COURTS/LEGAL ISSUES
BCCI told to defer disciplinary meet
The Chief Judge, City Civil Court, Kolkata, today directed the Board of Control for Cricket in India (BCCI) to postpone its disciplinary committee meeting scheduled to be held on August 15at Delhi, at which Mr Jagmohan Dalmiya ... More

ECONOMY
Travel trade largely unaffected by Heathrow scare
No flight cancellations, only delays More

The `Darwinian element' in supply-demand matters
"The outlook for the world economy is uncertain at best — and dire at worst," warns Wake Up! But not all is gloomy: If It's Raining in Brazil, Buy Starbucks. And there are more useful tips in Controlling Currency Mismatches in Emerging Markets. More

Headline inflation under control: Chidambaram
`Anti-inflation steps have checked sugar, wheat prices' More

Non-food credit up Rs 13,712 cr
Gross bank credit increased by Rs 11,833 crore and stood at Rs 15,56,917 crore for the fortnight ended July 28, according to the Reserve Bank of India's Weekly Statistical Supplement. The gross bank credit was inclusive of food credit, which ... More

HEALTH
New diagnostic kit to detect typhoid, malaria antigens
DR&DE transfers `typhigen' technology to Kochi, Bangalore manufacturers More

INFRASTRUCTURE
SEZs: Developers, units making hay while the sun shines
What makes investments in SEZs so attractive More

PETROLEUM
Brent crude commands premium over WTI
Points to lack of depth in the commodity futures market More

HPCL acquiring land for Vizag unit expansion
HPCL is actively taking steps to acquire necessary land for capacity expansion of its refinery here from 7.5 million tonnes per annum (mtpa) to 15 mtpa. It is acquiring the land from the Visakhapatnam Port Trust. According to Mr A.S Rao, ... More

Reliance Petro $1.5-b loan syndication begins
Reliance Petroleum Ltd (RPL) has said that syndication for the $1.5-billion (Rs 6,700-crore) that it is raising through international loans commences on August 11. The syndication for the facility is expected to close in early ... More

PHARMACEUTICALS
As Diclofenac ban kicks in, Asian vultures can rest easy
Drug to be replaced with Meloxicam More

POWER
DVC-SAIL joint venture to set up 500-MW power plant
Rs 2,220-cr plant to come up in Jharkhand More

STEEL
Mittal Steel firm on setting up Jharkhand, Orissa plants
Mittal Steel has reiterated its commitment to set up integrated steel plants in both Jharkhand and Orissa. However, the first of the two plants will come up in that State where progress is made with regard to acquisition of land and mines, Mr ... More

TAXATION
VAT compensation: Centre makes supplementary demand
With the VAT compensation claims relating to 2005-06 being made in the current fiscal by several States, the Centre has made a supplementary demand for grant of Rs 1,000 crore for compensating them on the revenue loss due to VAT. This forms ... More

TERRORISM
Air travel rules made stricter
UK aftermath: Security at airports around the country tightened More

Mumbai, rude?
Dressed in crisp black-coats, they stood on the kerb, about 60 of them. Men and women staff of Marine Plaza, stood in silent reverence in front of the glass-tinted hotel, facing Mumbai's famed Marine Drive. They ... More

Tight vigil
TAKING NO CHANCES: Security personnel keeping a tight vigil at a Delhi Metro station, after US Embassy warned that foreign militants possibly al-Qaeda members may be planning to carry out bombings in two major cities in the coming days. ... More

It's business as usual for US firms here
Despite the US Embassy security advisory More

RADIO/TV
`Govt ruling gives ASCI more teeth'
Compulsory adherence to code to put an end to unscrupulous advertising More

EDUCATION
IIFT Kolkata opens with 2-yr MBA course
Buddhadeb okays three more acres for expansion More

TCS quiz for school students
Tata Consultancy Services (TCS) will host its inter-school IT quiz in Hyderabad on August 19. It is open to school students from Class 8 to 12. The city is the eighth centre where the quiz is being held this year. The winners of ... More

BEVERAGES
Vimta Labs to submit report on Coke contents soon
Vimta Labs, a Hyderabad-based drug analysis and research company, has said that it will submit a detailed report on the question of pesticide residues in Coca-Cola soon. "We are analysing a good number of samples of the beverage we have ... More

Pesticide residue below EU norms: Coke
For the first time since the pesticide residue in soft drinks controversy broke out, Coca-Cola India issued a statement asserting that there was ``no detectable level of pesticides'' in soft drinks manufactured by it in India when measured ... More

Kerala notifies cola ban
The State Government on Friday notified the ban on production and sales of Coca-Cola and Pepsi products through a Government Order. As per the order, all regional food and health functionaries and food inspectors have been empowered to ... More

FOODS & FOOD PROCESSING
Automated peeling machine — A solution to sago, starch-making sector
Mr Dhandayuthapani's invention would bring in the much-needed solution to the problems faced by the sago manufacturing units in the unorganised, small-scale sector More

REAL ESTATE & CONSTRUCTION
Two Indian cos in pact with World Bank
To promote energy saving building technology More

Kakade Construction setting up 6 malls in Pune
Earmarks Rs 900 crore for the project More

Pegasus in talks with Dutch fund for $200-m investment in Pune
Lines up Rs 700-crore real estate entry in major cities More

NEWSPAPERS & PUBLISHING
Call for exempting newsprint from VAT
It should be `declared merit goods' under CST Act More

HUMAN RESOURCES
`Metal industry needs trained resources'
More

REGULATORY BODIES & RULINGS
PAC flays tax dept on `detailed' saral form plan
`It will only reverse the process of simplification' More

EVENTS
Meet on pvt equity in life sciences
Venture Intelligence, the leading provider of research and networking services to the private equity and venture capital ecosystem in India, is organising Life Sciences Connect, a conference on private equity investing in the ... More

ENTREPRENEURSHIP
`Entrepreneurs must invest in Africa'
"Africa is not a short-term bet. In the past, Indian entrepreneurs were only looking at executing orders for a particular period. But today, there is a definite need to build a long-term business plan. The receptivity to Indian products is more ... More

INCOME TAX
HUF: Bane or Boon?
Surprisingly, the Government carries out any amount of amendment to the law without looking into the revenue loss caused by the recognition of the HUF as a separate taxable entity. More

Annuity falling between two stools
What happens if a person had subscribed to a pension plan and claimed deduction under both Sections 80C and 80CCC. More

The return of fringe benefits
Capturing of information at source in the required format is crucial for successful completion of FBT assessments. Linking it with income-tax assessments will help and speed up the process. More

Karnataka Bank's new schemes
Karnataka Bank Ltd has launched two new tax-saving term deposit schemes — `KBL Tax Planner-FD' and `KBL Tax Planner-ACC'. A bank release said here the schemes provide dual benefits of high returns and tax exemption under ... More

Latest edition of I-T book launched
Launching the 15th edition of the two-volume income tax tome `How to handle income tax problems', jointly authored by Mr Narayan Jain and Mr Dilip Loyalka, here today, Mr D. K. Das, Chief Commissioner of Income Tax-1, Kolkata, said such works ... More

EXPORTS & IMPORTS
Customs duty on palm group of oils cut
Landed cost likely to be lower by over Rs 2,000/tonne More

Egg processors seek 5 pc export incentive
For sustainability of EoUs More

Indian Charge Chrome bags export award
Indian Charge Chrome Ltd (ICCL), a constituent of the IMFA Group, has been awarded the EEPC (Engineering Export Promotion Council) All India Award for outstanding export performance during 2004-05. The award, sponsored by the Union Ministry of ... More

NATURAL CALAMITIES
PM doubles flood relief for AP
Central team to visit State soon; fresh alert in Krishna delta More

TOURISM
Ministry working on eco-tourism proposal
To cater to various stakeholders including local inhabitants More

PEOPLE
A.K. Majumdar passes away
Mr Anil Kumar Majumdar, a former IAS official of the Maharashtra cadre, died after a prolonged illness on August 7. He was 80. Mr Majumdar had been ailing for some time. Belonging to the 1949 batch of IAS officers, he had been the Collector of ... More