Business Daily from THE HINDU group of publications
Sunday, March 23, 2008
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Markets (March 19)
BSE Sensex14994.83 (+161.37)
S&P CNX Nifty4573.95 (+40.95)
US Dollar40.45 (-0.11)


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INDUSTRY & ECONOMY

ECONOMY
Small savings collections down 22.5% in April-Jan 2008
New Delhi, March 22 Gross collections under various small saving schemes have declined by a substantial 22.5 per cent during April-January 2008, indicating waning investor interest in such schemes in this fiscal too. Financial experts ... More

IT sees dip in merger & acquisition deals in value terms
Slowdown fears tell on activity in Jan-Feb period More

Increasing consumption is a sign of growth: Chidambaram
Madurai, March 22 Increasing consumption of goods and services among the various strata of the society, unlike among a few before, is a sign of growth in the country and those who mock at this growth are enemies of the country, said the Union ... More

News round-up for the week
Stocks collapsed last Monday, sending the benchmark indices to their second steepest fall ever. The Sensex lost 951 points dipping below the 15,000-mark for the first time after the start of its bull run last year that took it up over ... More

ENGINEERING
Indee 2008 generates $40 m worth biz enquiries
Kolkata, March 22 Describing the recently concluded 18th Indee 2008 (exclusive engineering items) Fair at St Petersburg, Russia as a highly successful event, Mr Rakesh Shah, National Chairman of Engineering Export Promotion Council (EEPC) ... More

FERTILISERS
New policy for water-soluble fertilisers taking shape
Department also considering their inclusion under the FCO More

FOREIGN TRADE
India, Ethiopia sign MoU for leather products
New Delhi, March 22 In order to increase their share of export earning and volume of leather products, India and Ethiopia have signed a memorandum of understanding during the fourth CII-Exim Bank conclave on India-Africa project ... More

INFRASTRUCTURE
Centre's support to Chennai Metro
More

SSI
Software council to take SME teams to France, Spain
Hyderabad, March 22 The Electronics and Computer Software Export Promotion Council (ESC) is in the process of finalising plans to conduct separate trade delegations of small and medium-sized IT enterprises to France and Spain. This is part of ... More

REAL ESTATE & CONSTRUCTION
Vakil Housing eyes Hosur for villa project
Coimbatore, March 22 Bangalore-based Vakil Housing Development Corporation, developers of residential townships, is eyeing Hosur as its next ideal project promotion destination.Commenting on the decision to foray into Hosur, its ... More

REGULATORY BODIES & RULINGS
Ketan Parekh scam: SEBI lets off Zee TV promoters with a warning
Coimbatore, March 22 The Securities and Exchange Board of India has said that the promoters of Zee Telefilms had by their conduct and actions given an impression that they aided and abetted Ketan Parekh (KP) entities in large scale market ... More

INCOME TAX
CBDT defends Budget move on penalty provision amendments
New Delhi, March 22 The Finance Ministry has defended the move to give retrospective effect to a Budget proposal relating to “recording of satisfaction” by an assessing officer for initiating penalty under the income-tax law for ... More

EXPORTS & IMPORTS
Export ban hits sesame oil exporters
Kolkata, March 22 Exporters of crude sesame oil, especially in the eastern region, have been hit following the one-year ban on export of edible oils from February 17, 2008. Talking to Business Line, some city-based small ... More

TOURISM
Running luxury trains turns costlier
Railways recasts policy to ensure assured recovery of costs More

STANDARDS & BENCHMARKS
Jairam Ramesh favours GI tag for Byadgi chilli
Lab to test the spice’s quality to come up soon More






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