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Tuesday, January 25, 2011
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INDUSTRY & ECONOMY

ECONOMY: Cash crunch, high costs stall 666 projects in 2010
Power, roadways, refineries, steel projects top in cancellations. India Inc has put off 275 projects worth Rs 67,000 crore in manufacturing and another 307 services and utility projects worth Rs 25,000 crore in 2010 due to various reasons ...

INTERVIEW: Doubling exports to $450 b in 3 years will need huge growth rate, says Khullar
As the monetary policy review by the central bank is being made on Tuesday, manufacturers-exporters are on the edge, hoping that at least trade finance will not become prohibitive even as the bank finance rate is likely to move up, given ...

INFRASTRUCTURE: Infrastructure constraints may cost TN dear, feels industry
Travel time between Chennai and the car factory has tripled; access to airport and port have been hit, – Mr Tom S. Chackalakal, Vice-President, Manufacturing, Ford India ...

PETROLEUM: Refiners defer Q3 results in hope of compensation package
For the Oct-Dec quarter, oil cos notch up Rs 15,000-cr losses. Hindustan Petroleum Corporation and Bharat Petroleum Corporation are likely to defer their third quarter results to mid-February on the lines ...

ECONOMIC OFFENCES: Pranab may unveil today Govt gameplan to bring back black money
Govt to renegotiate double taxation avoidance pacts with countries. Under unrelenting pressure from Opposition parties and strictures from Supreme Court over Centre's seemingly lethargic approach to black money, the Finance Minister, Mr Pranab ...

INFRASTRUCTURE: Australia invited to invest in infrastructure sector
Aimed at strengthening economic and trade relations between India and Australia, the Union Minister of Commerce and Industry, Mr Anand Sharma, invited Australia to invest in India's infrastructure sector. “An FTA with Australia has ...

COURTS/LEGAL ISSUES: High Court ruling on computing gratuity
Once workmen became eligible for gratuity, then, the entire length of their service must be counted, including different spells under which they were employed by the same employer. Otherwise, it would defeat the very purpose of the Payment ...

BUDGET: Bill on forward contracts may be passed in Budget session
Commodity-markets regulator Forward Markets Commission expects the Parliamentary Standing Committee's report on Forward Contracts Regulation Amendment (FCRA) Bill 2010 to be submitted on time for it to be taken up in the ...

ENVIRONMENT: Mangroves bear the brunt of Mumbai oil spill: Report
Last August's ship-collision near the Mumbai coast that led to one of the worst oil spills in recent times has destroyed 1,273 hectares of mangroves along the Mumbai and Raigad coast, says an interim report by the Bombay Natural History ...

EVENTS: Workshop on wealth creation
The Justice K.S. Hegde Institute of Management at Nitte in Udupi district will conduct a one-day executive development programme on ‘Mutual funds and wealth creation' on January 28. A press release by the institute said here on Monday ...

EDUCATION: National fellowship for varsity staff
Prof T.P. Radhakrishnan and Prof. K.C. Kumara Swamy of the School of Chemistry, and Prof. V. Suresh from the Department of Mathematics, University of Hyderabad, bagged the Jagadish Chandra Bose National Fellowship. The fellowship by the ...

ECONOMY: Revenue Dept too feeling the inflation pinch
Blaming inflation, the Revenue Department expects to achieve only a lower tax to Gross Domestic Product (GDP) ratio of 10.6 per cent in 2010-11. This is despite the Finance Minister raising the revenue collection targets for the current fiscal ...

FOODS & FOOD PROCESSING: Report opposes presumptive bias against technology advances in food industry
Genetic modification, cloning and other new technologies in the food industry should no longer be rejected a priori or on ethical grounds, a major international study concluded ...

ENVIRONMENT: Compensatory afforestation: Jairam sees role for industry
The Environment Ministry, keen to expedite forest clearances for various projects, is toying with the idea of involving the industry in compensatory afforestation of degraded ...

STANDARDS & BENCHMARKS: Quality issues may hit pharma cos' US prospects
Quality concerns could upset the apple cart for Indian generic-drug makers exporting to the US, even as they look to tap the $96-billion-worth opportunity emerging from drugs going off patent between 2011 ...

INFRASTRUCTURE: First unit comes up at COWE auto estate
The Andhra Pradesh Major Industries Minister, Ms J. Geetha Reddy, inaugurated the first unit of COWE Automotive Industrial Estate of Sarada Industries located at Kallakal village in Toopran mandal near here ...

BOOKS: International book fair from Jan 28-Feb 6
The 27th Darsana International Book Fair will be inaugurated on January 28, at the Thrunakkara ...

COURTS/LEGAL ISSUES: Petition seeks disclosure of all Radia tapes
The Supreme Court on Monday issued a notice to the Centre on a petition seeking disclosure of all the Radia tapes. The matter will be heard again on ...

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




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Markets (Jan 24)
Nifty (at close)5,743.25(+46.75)
US Dollar(Buy/Sell)45.67/68
Brent crude (a bbl) Rs4,460
Gold (a gram) Rs1,879
Silver (a kg) Rs43,060


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