The Hindu Business Line : Wednesday, June 25, 2008

NON-CONVENTIONAL ENERGY
Call to set up ethanol plants
Entrepreneurs should come forward to set up more ethanol plants in the State, as it is necessary to meet the challenges of energy crisis besides helping farmers to boost their incomes, the Chief Minister, Dr Y. Rajasekhara Reddy, has said. ... More

Bengal to get 2 MW solar plant
Asansol/Jamuria, June 24 Mr Mrinal Banerjee, West Bengal Minister for Power, laid the foundation stone of a 2-MW solar power plant, saying that it was a “great day here in West Bengal.” West Bengal Green Energy Development ... More

ECONOMY
Loans set to become dearer
RBI hikes repo rate, CRR; priority is combating inflation More

MNCs bullish on Asia-Pacific growth plans: Survey
Mumbai, June 24 A Jones Lang LaSalle survey released on Tuesday states that 83 per cent of multinational companies polled said they would increase or maintain current growth plans in Asia Pacific. Further, 28 per cent, responding to the ... More

Hike will rein in credit growth: RBI
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Monetary policy vital for taming inflation: Montek
New Delhi, June 24 The Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, on Tuesday said that monetary policy has a role to play in taming inflation, which has now surged to a 13-year high of 11.05 per cent. “High ... More

India, Myanmar sign investment promotion pact
3 more pacts signed in power sector, border trade More

FERTILISERS
Fertiliser body warns of phosphatic product shortages
‘Ban export of sulphuric and phosphoric acid’ More

INFRASTRUCTURE
COWE setting up food, biotech parks in AP
Hyderabad, June 24 The Confederation of Women Entrepreneurs (COWE) plans to set up a Food Park at Kucharam and a Biotech Park at Karkapatla on the outskirts of Hyderabad.“COWE has been allotted 30 acres each for the Food Park and ... More

PETROLEUM
Symbolic protest
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POWER
Having the deal and saving the Government
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Poor monsoon: KSEB to hold special meeting
The Kerala State Electricity Board (KSEB), grappling with the crisis caused by deficient monsoon rains, is holding a special meeting of the full board on Wednesday to take stock of the situation.According to top KSEB officials, the ... More

TAXATION
Direct tax collection target raised to Rs 3.9 lakh cr
New Delhi, June 24 The Central Board of Direct Taxes (CBDT) has revised upwards the direct tax collection target for 2008-09 to Rs 3,95,000 crore. This represents a near 26 per cent increase over the collections of Rs 3,14,468 crore achieved ... More

Vodafone tax case
Vodafone International on Tuesday continued in its stance against the Income Tax Department’s move to impose capital gains tax on the Netherlands-based company in the Bombay High Court saying that it cannot be held liable for taxation as it ... More

TEXTILES
Textile body for suspension of cotton exports till Dec
‘Scrap customs, additional customs duty on imports’ More

RADIO/TV
Big FM teams up with Singapore firm to air Bollywood content
Big FM, the radio initiative of Adlabs Films, part of the Anil Dhirubhai Ambani Group, has teamed up with Singapore’s Radio Network MediaCom to broadcast Bollywood content in Singapore. According to the agreement signed between ... More

AUTOMOBILE COMPONENTS
Auto parts expo generates Rs 25 cr business
Chennai, June 24 Business worth Rs 25 crore was generated at the eighth edition of the International Auto Components and Machine Tools Exhibition (ACMEE – 2008), organised by Ambattur Industrial Estate Manufacturers Association here in ... More

MEDICAL INSTITUTIONS & HOSPITALS
LifeSpring plans chain of hospitals
LifeSpring Hospitals, a joint venture between the public sector Hindustan Latex Ltd (HLL) and the US-based Acumen Fund, is planning to establish a chain of hospitals across the country over the next five years.The joint venture, which ... More

REAL ESTATE & CONSTRUCTION
Natural barrier
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MINING & QUARRYING
Kudremukh expects to begin mining at CN-halli soon
Kolkata, June 24 Kudremukh Iron Ore Company Ltd (KIOCL) hopes to start mining operations at Chikkanayakana-halli (better known as CN-halli) in one and a half years. The mine is expected to produce 1 million tonnes of ore annually out of ... More

FOREIGN DIRECT INVESTMENT
Real estate FDI inflow up nearly five-fold
New Delhi, June 24 The Indian real estate and housing space emerged as the darling of foreign investors in 2007-08, clinching FDI equity inflows of about Rs 8,749 crore, a near five-fold increase over FY07.“The investors have seen ... More

EXPORTS & IMPORTS
Cardamom exporters earn more despite lower shipment
Coonoor, June 24 Exporters of small cardamom have earned more despite a lower volume of shipment in 2007-08 over the previous fiscal because of significant rise in the price fetched. But, large cardamom exporters earned less due to lower ... More

Centre may canalise maize exports
Little relief seen to user industry as supply dries up More

TOURISM
Serviced apartments prove a boon for medical tourists
Bangalore, June 24 The serviced apartments segment of the hospitality industry in Bangalore has managed to attract not just business travellers, but also medical tourists to the city. Serviced apartment brands are now looking at tying up with ... More