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INDUSTRY & ECONOMY

ECONOMIC OFFENCES: Delhi court says petition against Raja ‘maintainable'
A Delhi court on Friday held that the Janata Party President, Dr Subramanian Swamy's complaint, seeking prosecution of the former Telecom Minister, Mr A. Raja, in the 2G spectrum case ...

ECONOMY: Sensex tanks 493 points on inflation worry, rate-hike fears
Worried by concerns regarding food inflation, foreign institutional investors shed Indian stocks on Friday sending the Sensex into a freefall of around 555 points intra-day. This is the fifth consecutive trading day that the Sensex has closed ...

COURTS/LEGAL ISSUES: Scrap Reddy brothers' mining lease, says apex court panel
The Supreme Court-appointed Central Empowered Committee has recommended cancellation of the Reddy brothers' mining leases in Andhra Pradesh on grounds of ...

ECONOMIC OFFENCES: Sibal has got it wrong, say experts
No justification for giving spectrum in 2008 at 2001 prices. Industry experts and analysts said that the claims by the Communication and IT Minister, Mr Kapil Sibal, that there was no loss to the country due to the 2G spectrum policy was ...

ECONOMY: India could be fastest growing economy by 2050: PwC
How will India fare against China in the next few decades? That's a question often asked, and rarely meets with the same response. The latest organisation to pitch in is PricewaterhouseCoopers (PwC), with a particularly bullish outlook for ...

EDUCATION: Give merit its due
If there is one zone of comfort the nation can always look for, it is in the Prime Minister's capacity to diagnose a hidden malady in our society and offer home remedies. Addressing the “Infosys Prize 2010” award event in Mumbai a ...

TAXATION: Net direct tax collections up 19.47% in April-Dec
The Centre's net direct tax collections grew 19.81 per cent in December 2010 to touch Rs 79,310 crore (Rs 66,193 crore), higher than the 18.33 per cent growth rate recorded in November. But the growth rate for December was lower than the near ...

ECONOMY: Infrastructure growth high on TN Govt agenda
Upgrading basic amenities in industrial hubs, infrastructure development, and new education institutions were among the plans announced by the State Government through the customary Governor's address in the ...

SECURITY: DRDO, industry to promote national design houses
Defence research organisation plans commercial arm to market technologies. The partnership between the Defence Research and Development Organisation (DRDO) and the industry seeks to create National Design Houses in the areas of aeronautics, ...

POWER: Spent fuel reuse, key to n-power plans: PM
The reprocessing of spent nuclear fuel is the key to the country's three-stage indigenous nuclear power programme, said Prime Minister Dr Manmohan Singh on Friday, after commissioning the second reactor fuel reprocessing plant located within ...

REAL ESTATE & CONSTRUCTION: BuildMat seen attracting huge participation
The fifth edition of BuildMat, jointly organised by the Coimbatore Centres of Builders Association of India, the Indian Institute of Architects and the Association of Consulting Civil Engineers (India), has assumed an international flavour ...

WATER: Srikrishna panel calls for water management in Telangana
The Justice Srikrishna Commission has suggested constitution of an independent and statutorily empowered technical water management board to look after both Krishna and Godavari water systems along with other basins in Andhra Pradesh and ...

SCIENCE & TECHNOLOGY: ISRO left poorer by transponder crunch, foreign leases
National space agency ISRO's lease of a record number of 75 transponders on foreign satellites to meet the shortage caused by three failures in 2010 could deprive its commercial arm a revenue of nearly over Rs 400 crore ...

ECONOMY: Crisil sees GDP growth slowing to 8.3% in second half
The overall decline in industrial growth will see India's GDP growth slow to 8.3 per cent in the second half of the current financial year as compared with 8.9 per cent in the first half, according to Credit rating ...

EDUCATION: S. Krishnamoorthy, Consultant, Alphabetics Inc.; Thirumalai Engineering College
One of the most challenging projects would be to understand the human mind. If one can make sense of the ways of the human mind, it would put an end to the organisational problems we ...

EDUCATION: Sibal asks diaspora to invest in domestic education sector
The Ministry of Human Resource Development on Friday called on the Indian diaspora to actively engage in the development of educational infrastructure in the country. Speaking at the inaugural session of the ninth Pravasi Bhartiya Divas, the ...

NATURAL CALAMITIES: TN food production not impacted by floods
Food production in Tamil Nadu is set to increase in the current year despite flood damage in some of the districts. Higher acreage and yields have contributed to ...

INFRASTRUCTURE: 2 engineering cos take space at Synefra hi-tech SEZ in Vadodara
Integrated infrastructure solutions provider, Synefra Engineering and Construction Ltd, a Tanti Group company, has bagged two more manufacturing units at its sector-specific high-tech engineering SEZ at Vadodara and is now looking to set up ...

EVENTS: ELASIA 2011
...

HOTELS: Moving restaurant
...

GEMS & JEWELLERY: Jewellery expo
...

SOCIAL WELFARE: Governor lists plans to provide housing for all sections
Schemes to improve accessibility to housing for rural and urban middle and low income groups, figured prominently in the State Government's plans, announced in the Governor's Address in the ...

EVENTS: MDIS, Accurate Group hold workshop
The Management Development Institute of Singapore, in association with the Accurate Group of Institutions, organised a workshop on creativity skill on December 29, 2010. Dr Daniel Thyagu, Professional Corporate trainer from MDIS, spoke of ...

POWER: NPCIL offers to pay more for Jaitapur project-affected
The Nuclear Power Corporation of India (NPCIL) is willing to give additional compensation to the people affected by the Jaitapur nuclear power plant, said Dr S.K. Jain, Chairman and Managing Director ...

ECONOMIC OFFENCES: SEBI mulls whether Citi scam victims can be paid back
Investigations are under way on the Rs 300-crore Citibank fraud case and it is too early to comment on it, said an official of SEBI on Friday. “It's an on-going process and we need to take a lot of steps to complete what we are doing. ...

NRIS: Corporation Bank launches housing loan scheme for NRIs
Corporation Bank's new housing loan scheme for non-resident Indians (NRIs), ‘Corp Home Premium — NRI', was launched by Mr Ashwani Kumar, Executive Director, at an NRI meet in Mangalore on Thursday. A bank release said the loan ...

SCIENCE & TECHNOLOGY: India needs 25 university research parks, says IIT-M chief
The strong national recognition and status of the Indian Institutes of Technology (IITs) make them logical anchors for University Research Parks (URPs) as they provide leadership in every field of science ...

ENVIRONMENT: 85 projects registered for green certification
Till now 85 buildings have already been registered for green rating certification. This was stated by Secretary, Ministry of New and Renewable Energy (MNRE), Mr Deepak Gupta, at the National Conference on Green Design: Buildings and ...

NATURAL CALAMITIES: Rs 1,497 cr for cyclone risk mitigation in AP, Orissa
The Union Cabinet, on Thursday, approved the implementation of the first phase of the Centrally Sponsored Scheme of National Cyclone Risk Mitigation Project for Andhra Pradesh and Orissa, at a cost of Rs ...

EVENTS: Utensla to be held in Hubli
The Micro, Small and Medium Enterprises (MSME) development institute, Hubli, National small Industries Corporation (NSIC) and Rotary Club of Hubli North, are to hold ‘Utensla' — an industrial exhibition cum vendor ...

EVENTS: Kochi to host 7-day Adivasi mela
A seven-day Adivasi mela will be held here at Rajendra Maidan Kochi from Sunday (January 9) in connection with the ongoing Grand Kerala Shopping Festival. The Mela, being organised in association with Cochin Shipyard Ltd, is aimed at giving ...

EVENTS: Workshop on career awareness
The Rotary Club of Cochin Queen City, in association with CAPS, has conducted a workshop on motivation for studies and career awareness on drug abuse as part of their READ (Rotary Empowerment Against Drugs and Aids) activity at Tripunithura ...

EVENTS: Meet on quality concepts
Quality Circle teams from Durgapur Steel Plant excelled in National Convention on Quality Concepts, NCQC 2010, held at Andhra University , Visakhapatnam, recently, according to a DSP release. Eleven teams bagged the Par Excellent trophies ...


Columnists: B Venkatesh C Gopinath Bhanoji Rao P.V. Indiresan




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Markets (Jan 7)
Nifty (at close)5,904.60(-143.65)
US Dollar(Buy/Sell)45.38/39
Brent crude (a bbl) Rs4,283
Gold (a gram) Rs1,894
Silver (a kg) Rs44,470


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In Focus
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Net direct tax collections up 19.47% in April-Dec

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