The Hindu Business Line : Saturday, July 22, 2006

HEALTH
Norway grants $ 80m for rural health
Norway Government has announced a $80 million grant to India to reduce infant mortality rate. The announcement follows as part of the discussions held on bilateral cooperation between the Prime Ministers of the two countries ... More

Indegene Lifesystems ties up with Johns Hopkins
To organise seminars and meetings in India More

INFRASTRUCTURE
R-ADAG to invest Rs 61,500 cr in Orissa
To set up thermal power plant, health city, IT institute of learning More

PETROLEUM
ONGC told to get third-party audit for every well drilled
Petroleum Secretary asks company to get its act together More

GAIL-Ravva group agree on price revision
GAIL (India) Ltd and Ravva joint venture partners (ONGC, Cairn Energy, Videocon Petroleum, and Ravva Oil) have agreed to a price revision for the gas supply from Ravva field in the KG Basin as provided in the gas supply contract ... More

Bengal petroleum dealers stop lifting fuel
Protest against irregularities in supply by oil marketing cos More

POWER
Orissa could become India's powerhouse, says CM
State has 61 billion tonnes of coal reserve More

CESC shortlists BHEL, Doosan for Bengal project
More

CERC issues consultation paper on power exchange
To help streamlining power trading, standardise electricity as a tradable product More

TAXATION
First LTU operations from Oct 1: CBEC
Corporate India may have to wait for some more time before they can avail themselves of the benefits of the proposed large taxpayer units (LTUs) scheme. Admitting that the Finance Ministry was running behind schedule on the issue of setting up ... More

TERRORISM
Three suspected terrorists arrested
The Mumbai police along with intelligence agencies have arrested three suspected terrorists associated with the Mumbai bomb blasts. Two of the suspected terrorists were arrested in the border areas of Bihar and Nepal and one from Navi Mumbai, ... More

RADIO/TV
Kagiso to offer radio consultancy services
Ties up with Primetime International More

EDUCATION
Madras School of Economics ties up with GE Money
To set up financial research lab in Chennai More

Vedanta varsity coming up in Orissa
The Anil Agarwal Foundation, promoted by Mr Anil Agarwal, Chairman of Vedanta Resources Plc, on Wednesday inked a memorandum of understanding (MoU) with the Orissa Government to set up a world-class multi-disciplinary University in Puri district ... More

AU course in retail management
The Andhra University is introducing an MBA (retail management) course from the current academic year, the first university to do so in South India, according to Prof L. Venugopala Reddy, the Vice-chancellor. "Organised ... More

Pune to house institute of science, education research
Pune will now have to its credit a science hub, with the establishment of the Indian Institute of Science and Education Research. This is a venture of the Scientific Advisory Council to the Prime Minister (SAC-PM), which has recommended that ... More

`Managing' smiles
SHARING THE KNOWHOW: Dr Philip Kotler, Professor of the Kellogg School of Management, with Mr S. Ramadorai, TCS Managing Director and CEO, at the TCS office in Mumbai on Friday. ... More

HCV/LCV/TRACTORS
Tractor industry to spend Rs 1,067 cr to enhance capacity
With the tractor industry on an overdrive, domestic tractor manufacturers are set to invest Rs 1,067 crore over the next few years to enhance capacity. Major expansion projects on the anvil include L&T John Deere, which is investing about Rs ... More

PAPER, BOARD & NEWSPRINT
Paper sector remains subdued
The stock price of paper companies such as TNPL, BILT, JK Paper and AP Paper has been range bound in the recent past. Marketmen maintain that while the outlook in the long run is positive, these counters are not likely to see any sharp run up in ... More

RURAL DEVELOPMENT
SKS bags award
For the second year in a row, SKS Microfinance of Hyderabad has bagged the CGAP (Consultative Group to Assist the Poor) Financial Transparency Award for its demonstrated commitment to financial transparency. At a joint press conference of SKS ... More

EVENTS
ICAI seminar at Ernakulam
In the changing economic scenario, the Governments at the Centre as well as the States expect the chartered accountants to play a more positive role, according to Mr M. Kandasami, FCA, and Chairman of SIRC of the Institute of ... More

INCOME TAX
Power stretching
There is an impression that Section 119, which allows limited powers to the CBDT to remove the rigours of straightjackets in certain cases, is a panacea for all the difficulties faced by taxpayers. More

Interest on refunds
Conflicts arise when a statute dictates a different manner of recognising income and departs from the strict interpretation of accrual. More

EXPORTS & IMPORTS
Nokia begins handset exports from Chennai plant
We are in mass production phase, says India Director More