The Hindu Business Line : Wednesday, February 14, 2007

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INDUSTRY & ECONOMY

EMPLOYMENT
ISB rolling placements draw more
The Rolling Placement Season at the Indian School of Business (ISB), which began in October 2006, has begun to attract interest from non-traditional sectors such as micro-finance, real estate and retail. Over 190 companies have registered for ... More

IIM-B placements from March 6
Global majors Lehman Brothers, Barclays Bank, McKinsey Consulting, BCG and AT Kearney will, as usual be slotted as Day Zero companies during placements at the Indian Institute of Management, Bangalore. Campus placements, ... More

`Students looking beyond IT jobs this year'
Global investment banks, engg firms top recruiter list More

ECONOMY
RBI acts to rein in inflation
Cash reserve ratio hiked; move to suck Rs 14,000 cr from banking system More

Incomes, wealth jumps drive inflation
This is most apparent now in property where the cost of borrowed money is still far less than the rate of asset appreciation. More

Harnessing youth for nation-building
It is essential to ensure that young people are provided the avenues to involve themselves in nation-building activities. More

`Hindalco, Vodafone deals reflect resilience of economy'
The Union Minister for Commerce and Industry, Mr Kamal Nath, hassaid that Hindalco's acquisition of Canadian aluminium major Novelis and the entry of Vodafone into India as a major player in the telecom sector reflect the growing global ... More

`Loan growth may taper off'
There is room for more hikes in interest rate this calendar year, said Mr Romesh Sobti, Executive Vice-President and Country Executive, ABN Amro Bank, before the RBI announced a CRR hike. "Inflation remains a concern and a hike in interest ... More

Runaway prices
SAYING IT WITH POTATO The BJP President, Mr Rajnath Singh, flagging off a campaign against price rise in New Delhi on Tuesday.

ENGINEERING
`India can attract 25% of global engg process outsourcing'
As the International Engineering and Technology Fair kicked off on Tuesday, the Union Minister of Commerce and Industry, Mr Kamal Nath, said that country had the potential to attract 25 per cent of the $70 billion global engineering process ... More

ENVIRONMENT
Sanyo to unveil `green' TV
Sanyo Electric Company, a leading global player in consumer electronics, will unveil the environment-friendly green television sets in the next 12 months in India, before rolling it out in the international market. The company is also betting ... More

EXCISE AND CUSTOMS
Finance Ministry confident of meeting excise duty targets for 2006-07
Despite drop in January collection growth rate More

FOREIGN TRADE
Buddhadeb seeks Italian expertise to boost trade
Main sectors include leather, horticulture More

Japanese teams coming
Three Japanese trade delegations are scheduled to visit Chennai over the next fortnight. They are from the Japanese External Trade Organisation, the Japan Machinery Association and the Osaka Prefecture Economic Mission. Disclosing this at a ... More

INFRASTRUCTURE
Reverse auction in infrastructure equipment finance `doing well'
Replica of process prevalent in the Netherlands More

Infrastructure, info tech projects to be developed
KSIIC outlines plans; Govt may earn Rs 250 cr per annum More

PSU
13 State PSUs to make turnaround this fiscal
The Industries Minister said better management, comprehensive restructuring, monthly review of performance and introduction of new marketing strategies had paid off. More

PETROLEUM
Indian crude basket slips by $1.11 a barrel
The Indian crude oil basket slipped by $1.11 a barrel to $55.82 on Monday from $56.93 on last Friday. Crude oil prices fell on Monday on reports that the Organisation of Petroleum Exporting Countries (OPEC) may not resort to further supply ... More

IndianOil in talks with Turkey's TAPCO
Eyes engg contracts for pipeline project More

ONGC plans to drill ultra high-tech wells in onshore assets
With a focus on enhancing the oil and gas production from its fields, Oil and Natural Gas Corporation (ONGC) has chalked out plans to drill ultra high-tech wells (horizontal and multilateral) in all its onshore assets. Mr A.K. Hazarika, Director ... More

Ministry offers Re 1 hike in tanker freight charges
The Union Petroleum and Natural Gas Ministry today asked the public sector oil marketing companies to consider enhancing the tanker freight charges in Kolkata and its adjoining districts by Re 1 to Rs 123.67 a kilo litre. The Ministry's stand ... More

POWER
`NTPC should enter power equipment manufacturing'
State-owned NTPC Ltd needs to diversify into power equipment manufacturing, besides areas such as nuclear power generation and renewable energy options. The Power Secretary, Mr Anil Razdan, said here on Tuesday that NTPC should actively look at ... More

NTPC set to award contracts for Simhadri expansion, Ennore plant
Tying up plans for Lanka power venture More

Maharashtra to buy more power
Tariff hike petition to be heard on Feb 15 More

STEEL
In the company of men of steel
How the vision and resolve of Jamsetji N. Tata spurred his successors to move forward to create world's No 1 steel company'. More

TAXATION
Tax should not be collected without assessment order: HC
The sales tax authorities in Tamil Nadu were not empowered to make any spot collection of taxes due from traders, the Madras High Court has ruled. Any such collection without following formalities prescribed under the TN General Sales Tax Act, ... More

TEXTILES
Steel industry opposes duty-free imports scheme
Seeks certification for inputs, fears misuse of licences More

RADIO/TV
Mumbai plumps for CAS faster
Mumbai seems to be the most responsive city to embrace CAS among the three metros — Mumbai, Delhi and Kolkata — where it got implemented in January. According to an AC Nielsen study, commissioned by TAM Media Research, 25 per cent ... More

EDUCATION
Goel Ganga joins hands with Singapore group for school
Goel Ganga Group, a Pune-based builder, has launched the Global Indian International School (GIIS) at Pimpri in association with Global Indian Education Foundation, Singapore. Located at Swar Ganga, a mega township project of 650 flats spread ... More

Canara Bank sets up chair at MSE
Canara Bank announced on Tuesday that it had instituted a chair in financial economics at the Madras School of Economics (MSE), with a corpus of Rs 1 crore. Handing over the cheque to Dr C. Rangarajan, Chairman of MSE and former ... More

REAL ESTATE & CONSTRUCTION
Chamber takes out peace march against levy of mortgage fees
Mortgage fees levy by Kandla Port Trust More

POSCO land acquisition delayed
South Korean steelmaker POSCO, which is worried over the delay in getting land for its 12 million-tonne capacity steel plant project in Orissa's Jagatsinghpur district, said on Tuesday that it was hopeful of completing the land acquisition ... More

SCIENCE & TECHNOLOGY
Patent Pooling catching up in India
It has potential to grow, reduce transaction costs More

FOREIGN DIRECT INVESTMENT
Tobacco Board chief for FDI in processing
Call to end monopoly of a few companies More

HUMAN RESOURCES
Tata Motors 2nd trainee batch
Tata Motors has selected six trainees for an extensive six-month training to be provided by the company from the 15 ITI educated candidates from Singur villages. This is the second group of ITI educated trainees selected by the company. ... More

EVENTS
Hyderabad to host Bio-Asia 2007
The fourth edition of Bio-Asia 2007 would begin here on February 15. The three-day meet would discuss issues such as global outsourcing opportunities for contract research, bio-business funding, bio informatics and bridging science with clinical ... More

EXPORTS & IMPORTS
India tops in ground pepper supply to US
White pepper imports negligible More