The Hindu Business Line : Wednesday, August 22, 2007

‘Higher credit offtake by infrastructure sector in last 2 years’
New Delhi, Aug. 21 Led by roads and ports, power and telecom sectors, credit disbursement by banks to the infrastructure sector has grown in the last two years at 43 per cent and 36 per cent, respectively, according to industry chamber ... More

ENGINEERING
Summit on productivity in Bangalore
Hyderabad, Aug. 21 The Indian Machine Tool Manufacturers’ Association (IMTMA) is organising Productivity Summit 2007 during August 23-25 at the Bangalore International Exhibition Centre (BIEC).IMTMA is a close affiliate of CII and ... More

PSU
`BHEL to revive BHPV'
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PETROLEUM
Oil PSUs officers call off strike
New Delhi, Aug. 21 Officers of public sector oil companies have called off their indefinite strike after the Government agreed to their demands and offered a higher interim relief in lieu of delay in revising their wages, thus, avoiding any ... More

Natural gas futures dip 14%
Mumbai, Aug. 21 Natural Gas shed nearly 14 per cent during the second trading session of Monday and early session on Tuesday. The September expiry contract of the Multi Commodity Exchange was trading at Rs 253.50 per mmbtu from the previous ... More

POWER
Uranium crunch hits nuclear power plant operations
Overall load factor consistently slipping in the last few years More

Hydel projects to help tide over power crisis
Demand to exceed 1,000 MW in next five years More

Damodar Valley Corp may raise Rs 250-crore loan with KfW’s help
It is implementing capacity expansion plan worth over Rs 24,000 cr More

BPL proposal for 300 MW plants in AP revised
Hyderabad, Aug. 21 BPL has revised its proposal to set up two 300 MW power plants in Andhra Pradesh with a likely tariff of Rs 1.79 per unit. The move comes in the wake of the State Chief Minister, Dr Y S Rajasekhara Reddy directing the ... More

‘No reference to Iran in nuke deal’
The Minister of State for Petroleum and Natural Gas, Mr Dinsha Patel, on Tuesday informed the Rajya Sabha that the Indo-US civil nuclear cooperation agreement has no reference to the country’s ties with Iran. The Minister, in a ... More

SSI
Oracle kickstarts SMB roadshow
A year after launching an initiative to reach out to the SMBs in the country’s high growth cities, Oracle India is now striving to help customers understand the power of Oracle Database and Fusion Middleware by organising the ... More

WATER
Move for daily water supply in Hyderabad
Hyderabad, Aug. 21 The Chief Minister, Dr Y.S. Rajasekhara Reddy, has announced that the residents of the State capital would have daily supply of drinking water in the next six months.Addressing a gathering before launching the Rajiv ... More

EDUCATION
Royal group’s catering college in Munnar
Kochi, Aug. 21 Kochi-based Royal group has entered into the hospitality education sector by setting up a catering college of international standards in Munnar. Set up in 100 acres of land at Sooryanelli, the Munnar Catering College has ... More

REAL ESTATE & CONSTRUCTION
Growth in quality office space in Chennai: Report
Chennai, Aug. 21 The rest of this year will see a major growth in the supply of high quality office space in the secondary business districts and the suburbs of Chennai. There is a healthy demand that would match the supply in the medium term, ... More

Runwal Housing plans mega project in Hadapsar
Pune Aug 21 Mega housing projects, integrated township, setting up of IT park, is the road map that the Pune-based Runwal Housing, has chalked out for itself.Talking to presspersons, Mr Sanjay Runwal, Chief Executive Office and Partner, ... More

BIO-TECH & GENETICS
Large-scale trials of domestic Bt cotton stalled
GEAC cites SC directions while denying permission More

Bt seed market to top Rs 1,000 cr
New Delhi, Aug. 21 In 2006, an estimated 38 lakh hectares (lh) were covered under Bt cotton — out of the country’s total cotton area of 91.30 lh, including some 63 lh under hybrids and the rest under various desi and ... More

SCIENCE & TECHNOLOGY
CCMB Director awarded
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MINERALS
Uranium crunch hits nuclear power plant operations
Overall load factor consistently slipping in the last few years More

FOREIGN DIRECT INVESTMENT
India, Japan inching closer to trade pact
About ¥200 billion investment could be expected More

Blackstone, ICICI among 20 FDI proposals cleared
New Delhi, Aug 21 The Finance Minister, Mr P. Chidambaram, has approved 20 foreign direct investment (FDI) proposals amounting to Rs 1,078.65 crore. The approvals have been given on the basis of the recommendations of the Foreign ... More

Stronger rupee — What it means for FDI growth
With GDP poised to grow annually at 10 per cent in the next five years, FDI will play a key role in sustaining this growth. And given the rise in rupee value, telecommunications, electronics, automobile and banking are the front-runners in the race t o attract FDI flows, says S. MAJUMDER. More

IPR
Selection patent and its discontents
The inherent danger of granting selection patents lies in the fact that it is extremely difficult to get into the mind of the inventor and find out whether he actually knew when he made his initial disclosure that the invention was capable of having surprising advantages which could be claimed later as a separate patent. More

EVENTS
Global pepper meet in Kuala Lumpur
Kochi, Aug. 21 The 35th International Pepper Community Session and Global Pepper Conference will be held during October 29-November 2 in Kuala Lumpur.Unique Opportunity

Officials and trade ... More

ENTREPRENEURSHIP
Pilot project on mentoring in Chennai
Pune, Aug. 21 To foster the growing mentoring movement in the country, the Bharathiya Yuva Shakti Foundation (BYST) has developed a Mentor Development Programme for creating a national cadre of quality mentors.Speaking at the launch of ... More

INCOME TAX
For taxpayers, there is confusion in the AIR
AIR (annual information return) is required to be submitted every year by stock exchanges, depositories, and authorities such as those responsible for motor vehicles and property transfers. More

EXPORTS & IMPORTS
ZTE’s CDMA base station exports
Chinese telecom equipment vendor ZTE Corporation on Tuesday said that India accounted for nearly 35 per cent of its CDMA base station exports since 2001. “Since 2001, ZTE had already shipped over 55,000 sets of CDMA base stations,” ... More

ALTERNATIVE MEDICINES
Homeopathy rides high on user loyalty: Survey
Bangalore, Aug. 21 Homeopathy enjoys a high 82 per cent loyalty among its users, a survey touted to be the country’s first on homeopathy has found.While these homeo users said they would not switch to conventional treatment, 62 ... More