The Hindu Business Line : Saturday, June 30, 2007

RESEARCH & DEVELOPMENT
Innovate, industry told
Hyderabad, June 29 Indian industry should focus more on innovation to achieve global competitiveness, according to the President, Mr A.P.J. Abdul Kalam.Speaking after inaugurating the R&D and manufacturing facility of Relisys ... More

AB Mauri plans innovation centre in Bangalore
Hyderabad, June 29 British bakery food and ingredient supplier, AB Mauri today said that it plans to set up a India innovation centre in Bangalore that would cater to its in-house R&D requirements and also to clients located ... More

CEMENT
Ease cement import norms, says Andhra Pradesh CM
Chennai, June 29 Joining the chorus of protests against cement prices, the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked the Centre to take steps to ease cement imports, including considering nominating government-owned ... More

ECONOMY
Inflation at 3% is ideal, says RBI Governor
Objective is below 5% in current year More

Manmohan for transparency in statistical system
“The hallmark of a country’s reputation would be the credibility and transparency of its statistical system.” More

Current account surplus at $2.56 b
Mumbai, June 29 Growth in the receipts of software services, travel earnings, inward remittances from overseas Indians and higher export earnings helped the country to have a current account surplus in the fourth quarter of the fiscal 2006-07. ... More

Smile, no service tax on photo ID Detaxification
The photographer may always be at your service, but does that mean all photographic activity should come under the purview of service tax? In a case before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT)-Bangalore that asked this ... More

FOREIGN TRADE
Kamal Nath woos US investors
New Delhi, June 29 The Union Commerce and Industry Minister, Mr Kamal Nath, has asked the US investors to take ample advantage of the growing opportunities in India’s agriculture, energy, tourism, civil aviation and other sectors of the ... More

Skewness in trade: Thailand blames India
Chennai, June 29 While hoping that the Free Trade Agreement between India and Thailand would be concluded by October, the Thailand Deputy Minister of Foreign Affairs, Mr Sawanit Kongsiri, blamed the present skewness in bilateral trade on lack ... More

INFRASTRUCTURE
Needed, innovative financing of infrastructure
To facilitate creation of urban infrastructure, the Government proposes to allow issue of tax-free bonds through State Pooled Finance Entities formed for raising funds for urban local bodies. More

PSU
Debashish Majumdar is IREDA chief
Indian Renewable Energy Development Agency (IREDA), a public sector unit under the Ministry of New and Renewable Energy, has appointed Mr Debashish Majumdar as its Chairman and Managing Director. An engineer from IIT Delhi, Mr Majumdar’s ... More

PETROLEUM
Simplex Infra forays into oil drilling
2-yr contract with OIL More

PSU boards can okay strategy paper for crude oil imports
New Delhi, June 29 The Minister of Petroleum and Natural Gas, Mr Murli Deora, said that his Ministry has empowered the boards of state-owned oil marketing companies to approve the strategy paper for crude imports. Chairing the ... More

Reddy reiterates plea to revise gas pricing
PM urged to set up market regulator for fair prices More

Fertiliser Ministry pitches for realistic pricing of gas
Move to make the sector globally competitive More

TEXTILES
‘Don’t force textile sector to bear power subsidy burden’
Modified TUFS policy soon More

EDUCATION
Everonn Sys bags Gujarat order
Everonn Systems Ltd., today announce that the company bagged a Rs 30-crore order for providing IT infrastructure in 1,256 schools in Gujarat to be executed and managed for 36 months period. The Managing Director of Everonn, Mr P. Kishore, said ... More

REAL ESTATE & CONSTRUCTION
RBI mulls creating ‘housing stat index’
Working on surveys to measure inflationary expectations More