The Hindu Business Line : Thursday, September 11, 2008

INDUSTRY & ECONOMY

MINING & QUARRYING: Mittal projects face 50% cost overruns
Land acquisition, mining lease major hurdles. New Delhi, Sept 10 Arcelor Mittal, the largest steel manufacturer in the world, is anticipating a major cost overrun to the tune of around 50 per cent in its investments in Orissa and Jharkhand due ...

ECONOMY: Rupee breaches 45-mark on strong dollar purchases
Mumbai, Sept. 10 The rupee depreciated by 26 paise against the dollar on Wednesday, to levels last seen in November 2006. ...

TAXATION: Cabinet panel to assess impact of iron ore export tax
Miners’ body claims levy has adverse effect. New Delhi, Sept. 10 The Cabinet Committee on Prices (CCP) has asked for details of the impact of imposition of export tax on iron ore on domestic prices from the Ministry of ...

EVENTS: ‘Observation key to producing good advertisements’
Sri Sai Ram Institute of Management Studies conducts ‘Pro-Pinnacle’. Change happens when you look at things differently,” said Mr Vijay Jacob Parakkal, Vice-President, Bates 141, an advertising agency and part of the WPP ...

REAL ESTATE & CONSTRUCTION: Bearish realty market shifts focus to affordable housing
‘Margins may be lower, but sales assured’. Mumbai, Sept. 10 The days of large numbers of luxury and super-luxury apartments seem to be over. ...

POWER: Nuclear deal will open up biz opportunities: Ratan Tata
‘Highest generation achieved in Trombay and Jojobera units’. Mumbai, Sept. 10 The civilian nuclear deal will provide a great opportunity for Tata Power and Tata Consultant Engineers Ltd, said Mr Ratan Tata, Chairman of Tata Group, ...

PETROLEUM: Petroleum, gas regulator favours spot gas purchase
Takes up issue of phased roll-back of LPG subsidy with Centre. Ahmedabad, Sept 10 The Petroleum and Natural Gas Regulatory Board (PNGRB) would encourage purchase of gas in spot market to augment supplies in India and favours a ...

ECONOMY: Core sector growth dips to 4.3% in July
Poor performance in the production of crude oil and finished steel during July pulled down the growth of index for infrastructure industries for the month to 4.3 per cent as against 7.2 per cent in July 2007. Crude oil production recorded a ...

EDUCATION: Indian biz school set up in London
Training and Advanced Studies in Management and Communications Ltd (Tasmac) has announced the opening of Tasmac London - School of Business, the first Indian institution to have set up a full-fledged campus in London. Dr Giri Dua, CMD, Tasmac, ...

ECONOMIC OFFENCES: SEBI Interim Order in IPO scam
SEBI has confirmed the directions in the interim order passed in 2006 against Mr Dushyant Natwarlal Dalal and Puloma Dushyant Dalal in the matter of irregularity in IPOs in 2003-05. No direction was issued against Rasila Natwarlal and Natwarlal ...

RADIO/TV: AXN venturing into lifestyle segment
Mumbai, Sept. 10 Sony Pictures Entertainment Network-promoted AXN channel in India is planning to attract a new set of advertisers by moving beyond action and adventure into the lifestyle space and including women as a new target audience. ...

CARS: Hyundai studying the option of i10 exports to the US
New Delhi, Sept. 10 Hyundai Motor India said that it was pursuing a feasibility study to start its exports of its premium compact car i10 to the US. ...

PETROLEUM: BPCL-Kochi Refinery to set up ‘bottoms upgradation project’
Product of refinery can fuel other industries. Kochi, Sept. 10 BPCL-Kochi Refinery is planning to set up refinery bottoms upgrading facilities on its premises to facilitate upgradation of heavy fuel oils to value-added products such as LPG, ...

EXPORTS & IMPORTS: Cotton export prospects bright as global output set to dip
US hit by erratic weather conditions. Mumbai, Sept. 10 Barring India, major cotton producing countries such as China, the US and Pakistan are set to report lesser output compared with last year, thereby maximising the scope for exports. ...

EXPORTS & IMPORTS: ‘Govt should stop vegetable oil imports’
Mumbai, Sept 10 With the sharp fall in global vegetable oil prices, the Government should stop imports of vegetable oil through public sector companies, said Mr Dorab Mistry, Director, Godrej International ...

HUMAN RESOURCES: ‘Asia must groom business leaders to sustain economic growth’
Singapore, Sept. 10 With a large chunk of economic activity concentrated in Asia, it is time for organisations to harness the burgeoning talent in the region and focus extensively on leadership development. ...

NON-CONVENTIONAL ENERGY: CREDA to open bids for Tatapani geothermal field
Mumbai, Sept. 10 Chhattisgarh State Renewable Development Agency (CREDA) would be opening bids for surveyors cum developers at Tatapani geothermal field within a month. The estimated capacity of the 100-acre field is more than 100 MW of ...

PHARMACEUTICALS: Quality norms on imported drugs to be tightened
India will tighten quality checking measures on imported drugs and officials will be sent abroad to inspect the manufacturing sites of drugs exporters overseas, said the Drugs Controller General of India, Dr Surinder Singh, at a conference ...

HEALTH: Star Health, Sankara Nethralaya to offer eye care
Kolkata, Sept. 10 Star Health & Allied Insurance Company is planning to launch this year a health insurance product called ‘Eye Care’ for eye diseases. This is in association with Chennai-based eye hospital Sankara Nethralaya, ...

STEEL: ‘Raw material security essential for steel industry’
New Delhi, Sept 10 The steel industry is faced with the dual challenge of rising input costs and keeping product prices under control in the national interest of keeping inflation under check. In this situation, it is imperative that the ...

ECONOMY: Industrial production costs up 10-12% in north: Survey
New Delhi, Sept. 10 Industrial units located in North India have reported a 10-12 per cent surge in overall production costs on account of a big rise in costs of raw materials, oil, power, transport overheads and interest costs, according to a ...

PETROLEUM: Industry concerned over ‘dual pricing for diesel’
Industry associations have expressed concern over the proposal put forth by the State-owned oil marketing companies to introduce ‘dual pricing for diesel’ as the move, they anticipate, could trigger the price charged for diesel ...

POWER: KSEB reviews power quota of FACT
Kochi, Sept. 10 The Kerala State Electricity Board has reviewed the power quota allotted to FACT following imposition of 25 per cent power cut on Extra High Tension ...

EDUCATION: ICSI signs pact with SII, London
New Delhi, Sept. 10 Students and members of the Institute of Company Secretaries of India (ICSI) can now obtain certain units of qualifications of Securities & Investment Institute (SII), London, in areas such as capital markets, ...

EVENTS: Seminar on techno libraries

EDUCATION: ‘Focus on core engg, software jobs’
60% of graduates opted for mainstream engg jobs. Coimbatore, Sept. 9 “Knowledge will get you your first job. From then on, effective use of the knowledge acquired would depend entirely on you,” the Chief Executive Officer of KG ...

ECONOMY: Core sector growth continues to disappoint
Petroleum refinery, electricity, steel slowed maximum. For the first time since April, growth in the six core infrastructure industries (crude oil, petroleum refinery, coal, electricity, cement and finished steel) has crossed 4 per cent, ...

TAXATION: US city uses TCS tax solution
Tata Consultancy Services (TCS) has said that the City of Tucson, Arizona (US) has successfully implemented TCS Tax Mantra for tax revenue and licensing management. However, financial details of the engagement were not ...

SSI: MSME meet to address issues
The District Industries Centre, Madurai in association with Madurai District Tiny and Small Scale Industries Association (Maditssia) are jointly organising a ‘Redressal Grievances and Dissemination meeting for Micro, Small and Medium ...