The Hindu Business Line : Wednesday, October 24, 2007

AUTOMOBILES
Continental taps Siemens VDO to make India its strategic hub
New Delhi, Oct 23 Continental Automotive Systems (CAS), division of European major Continental Corporation, along with its recently acquired company Siemens VDO, plans to make India a strategic hub for future product technologies for the ... More

BUDGET
Norms issued for stock options valuation
Computation of fair market value for FBT More

COURTS/LEGAL ISSUES
Dual tech to CDMA operators: Cellular players take DoT to court
‘The dept has acted with unseemly haste’ More

HC rejects sugar mills’ plea
The Lucknow bench of the Allahabad High Court has rejected an application by the UP Sugar Mills Association to implead itself as a party to the case involving discharge of cane arrears by mills.A two judge bench of the court had, on ... More

ECONOMY
‘Poverty, hunger are still unresolved issues’
More

Goa’s Annual Plan fixed at Rs 1,430 cr
Pat for State’s literacy, poverty scheme More

FOREIGN TRADE
More Indian banks eyeing presence in Hong Kong
New Delhi, Oct. 23 Invest Hong Kong, an investment promotion agency, expects more Indian companies, especially those in financial services, to locate in Hong Kong in the coming days.There is a pipeline of Indian banks that are looking ... More

PETROLEUM
Prize Petroleum mulls options to increase equity base
New Delhi, Oct. 23 Prize Petroleum, a joint venture of Hindustan Petroleum Corporation Ltd (HPCL) and ICICI, is considering various options, including rights issue route, for raising its equity base in order to fund its increased activities in ... More

POWER
Team meets PM on Indo-US N-deal
New Delhi, Oct 23 A delegation of Indian-Americans, who lobbied in the US in favour of the Indo-US civil nuclear deal, met with the Prime Minister, Dr Manmohan Singh, here on Tuesday. The 10-member delegation, led by the United States India ... More

WATER
Celebrating Ganga, daughter of the mountains
Chennai, Oct. 23 “Oh no, not another documentary on the Ganga and its degradation.” That was the first thought as one sat down for a preview of Ganges, a three-part film produced by Discovery Channel on the ... More

Stringent action planned against illegal water connections
‘Consumer cards’ to be issued to drinking water users More

EDUCATION
‘Students should upgrade skills in tune with biz trends’
Coimbatore, Oct 23 India has emerged as an important player in the world today and Indian companies are on a buying spree abroad, according to Mr Arvind Pinto, Commissioner of Income-Tax, Coimbatore.There is a constant need for ... More

MEDICAL & SURGICAL EQUIPMENTS
FICCI Medical Electronics Forum
The Federation of India Chambers of Commerce and Industry on Tuesday launched a FICCI-Medical Electronics Forum to meet the requirements of the $1.5-billion domestic medical electronics industry and create awareness about the opportunities in the ... More

REAL ESTATE & CONSTRUCTION
High-rise jungle
More

LEATHER
Footwear makers in Chennai, Italy clusters sign pact
Chennai, Oct 23 Footwear manufacturers in the Chennai cluster and the Marche region of Italy have signed a co-operation agreement to support micro, small and medium enterprises in the footwear industry here.The agreement was signed ... More

INDUSTRY ASSOCIATIONS
EEPC to open second centre in Johannesburg
Council to sign pacts with S. African industry bodies More

MINERALS
Iron ore stocks move up on price hike hopes
With the BSE and NSE benchmarks scoring their biggest single-day gains, iron ore stocks such as Sesa Goa, National Mineral Development, and SAIL were major beneficiaries. Sesa Goa gained 10.93 per cent at Rs 3097.35 and SAIL moved up 10.9 per ... More

FOREIGN DIRECT INVESTMENT
FIPB gives conditional nod for NCH subsidiary
New Delhi, Oct 23 The US-based marketer of speciality chemicals NCH Corporation has received FIPB nod for foreign equity up to 100 per cent in NCH India, on the condition that it would not carry on business under ‘Chemsearch’ and ... More

LFP Group eyes 5% stake in DSE
New Delhi, Oct 23 The Delhi Stock Exchange (DSE), which is one of the oldest stock exchanges in the country, has yet another foreign investor knocking at its door. Levi Family Ltd Partnership (LFP Group), an overseas equity fund, wants to ... More

EVENTS
Meet on rubber in Madurai tomorrow
Madurai, Oct 23 The Confederation of Indian Industry (CII), Madurai Zone is organising the third edition of the conference on rubber technology ‘Madurai Rubber 2007’ in the city on October 25.The objective of the one-day ... More

TOURISM
France woos Indian tourists
Maison de la France, the French Tourist Office, is organising its fifth ‘French Connection 2007’, a two-day road show to promote French tourism among Indian tourists. “Unlike earlier years when we focused on different cities, ... More