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Saturday, September 27, 2008
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INDUSTRY & ECONOMY

INDUSTRY ASSOCIATIONS: Power crisis to continue for 3-4 years: CII study
State needs a medium-term plan and not a short-term solution. Tiruchi, Sept. 26 Tamil Nadu needs a medium-term plan to tide over the present power crisis and not a short-term solution as the crisis will continue for three to four years, ...

POWER: Power situation in Kerala to be grim
Kochi, Sept. 26 The power situation in Kerala this year is going to be grim as with the water storage as on date in the reservoirs of hydroelectric projects in the State, only 2,700 million units could be generated as against 3,900 million ...

TOURISM: AP to develop tourist spot at Nizamsagar
Hyderabad, Sept. 26 The Andhra Pradesh Government has decided to develop 500 acres at Nizamsagar as a tourist spot on the same lines as the Brindavan ...

INDUSTRY ASSOCIATIONS: ‘Singur keeping American investors away from Bengal’
Concerned that signed agreements may be discarded. Kolkata, Sept. 26 The US Consul General, Ms Beth Payne, on Friday said that American investors were shying away from investing in West Bengal because of the ...

RADIO/TV: Top FM stations plan ad tariff hike
Faced with shrinking advertisement pie due to an increase in number of players, the top few FM radio stations in the country are planning for a hike in ...

REAL ESTATE & CONSTRUCTION: VUDA auctions fetch Rs 31 cr
The Visakhapatnam Urban Development Authority (VUDA) got Rs 31 crore on Thursday, the first day of a three-day auction of residential plots at Madhurawada within the limits of the Greater Visakhapatnam Municipal ...

MINERALS: NMP handles record iron ore fine
New Mangalore Port handled a record cargo of 35,266 tonnes of iron ore fines in a day on September 24. A press release by the New Mangalore Port Trust (NMPT) said here on Friday that the port handled 35,266 tonnes of iron ore fines on September ...

MEDICAL INSTITUTIONS & HOSPITALS: Slowdown may bring more private equity players into healthcare
Hyderabad, Sept. 26 The life sciences and healthcare sector may benefit from the global economic slowdown as global investors, especially private equity players (PEs), are expected to move to this sector from hitherto popular sectors ones like ...

WATER: Kerala Govt plans to map water resources
The Kerala Government will undertake mapping of the water resources in the State and prepare a database to formulate projects for their ...

PETROLEUM: ‘No immediate plan to raise gas prices’
New Delhi, Sept 26 While industrial and domestic consumers will continue to benefit from the administered price of gas, producers such as ONGC and Oil India Ltd (OIL) will continue to bear the burden of selling at these ...

INDUSTRY ASSOCIATIONS: FICCI chief urges PM to review spectrum pricing
New Delhi, Sept. 26 Mr Rajeev Chandrasekhar, MP from Bengaluru and FICCI President, has in a letter to the Prime Minister urged the need to have an open market-based method to establish value of spectrum so that the exchequer does not ...

INFRASTRUCTURE: Concessions — boon or bane?
There are ongoing debates about tax concessions. Low tax rate with no concessions is simple and easy to operate, but is seldom adopted in practice. India has made some progress in this regard. The merit of the tax concessions and how ...

INDUSTRY ASSOCIATIONS: US Federal Transit Authority sees potential for cooperation
Hyderabad, Sept. 26 The US Federal Transit Administration (FTA) on Friday mentioned about the possibility of co-operation with Indian transport authorities in the areas of mass transport projects, railways, roads and other networks, ...

PETROLEUM: Crude output dips by 1% in August
New Delhi, Sept. 26 The indigenous crude oil output was down one per cent in August to 2.846 million tonnes from the corresponding month last year. The production was 6.7 per cent below the Government set target for the month, as ...

TEXTILES: Synthetic fibre makers banking on weak rupee for growth
Mumbai, Sept 26 With little help forthcoming from the Government policies and softening global economy, the synthetic and rayon textile exporters are banking on depreciating rupee against dollar to retain the growth tempo in the financial ...

PETROLEUM: ‘Bidding for city gas distribution to start soon’
New Delhi, Sept. 26 The bidding process for city gas distribution (CGD) network will begin in October, said Mr Labyendu Mansingh, Chairman of the Petroleum & Natural Gas Regulatory Board (P&NGRB), on Friday while addressing the ...

SOCIAL WELFARE: Minister distributes Rs 11 cr to SHG members
Ariyalur, Sept. 26 The Local Administration Minister, Mr M.K. Stalin, distributed revolving funds to the tune of Rs 10.80 crore to 28,671 self-help group members at a function held here on ...

EVENTS: AIMA annual convention in Mumbai from Tuesday
Mumbai, Sept. 26 All India Management Association’s annual management convention will be held in Mumbai from September 30 to October ...

VENTURE CAPITAL: Fidelity Inter plans $400 m investment in life sciences
Hyderabad, Sept. 26 Luxembourg-based fund management services provider Fidelity International is planning to invest $200-400 million in life sciences and healthcare industry ...

MEDICAL INSTITUTIONS & HOSPITALS: GE Healthcare in Karnataka tie-up
Bangalore, Sept. 26 In a move that seeks to make healthcare delivery more accessible in rural areas, GE Healthcare has struck a partnership with leading hospitals and NGOs for a pilot programme for carrying the sophisticated systems in ...

INFRASTRUCTURE: ‘SEZ will be boon to Mangalore’
Mangalore, Sept. 26 A multi-product special economic zone can help generate more jobs in the Mangalore region, according to Mr I.S.N. Prasad, Managing Director and Chief Executive Officer of Mangalore SEZ ...

EVENTS: CII’s ‘iTalent’ contest
The road show for the fifth edition of the three-stage ‘iTalent’ contest, organised by the Confederation of Indian Industry (Southern Region), aimed at showcasing the computing talents of students in developing information ...

SCIENCE & TECHNOLOGY: Award for CCMB scientist
Dr L.S. Shashidhara, a scientist at the Centre for Cellular and Molecular Biology, has been selected for the prestigious Shanti Swarup Bhatnagar Award in Biological Sciences for 2008 for his research contributions in Developmental Biology. ...

EDUCATION: Seminar on operations excellence
S ymbiosis Institute of Operations Management (SIOM), Nashik, is hosting a national seminar on operations excellence, Tattv ’08, on October 4 and 5. The theme of the event to be held in Nashik is Strategic Foresight – the Power ...

EDUCATION: Students devise plasma cutting tool
A CNC (computer numeric control) plasma cutting machine capable of cutting mild steel, copper, brass and aluminum has been designed and developed by two students in the city. CNC plasma cutting has established as the most cost-effective ...






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Markets (Sept 26)
Nifty (at close)3973.45(-137.10)
US Dollar (Buy/Sell)46.42/43
Brent crude (a bbl) Rs4,717
Gold (a gram) Rs1,181
Silver (a kg) Rs20,545


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In Focus
Remembering Ramachander

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Other Top Stories
Draft norms for money changers

‘No immediate plan to raise gas prices’

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Crude output dips by 1% in August

Top FM stations plan ad tariff hike

Looking back
Sep. 14-Sep. 20
NHPC seeks Sikkim help to complete power projects

Power Exchange of India to start trading in October

ArcelorMittal to educate farmers on land compensation funds

Iron ore loading: New norms for private sidings

Stainless steel industry banks on Railways for its growth

IRCTC may have to pay higher price for budget hotels

Indian crude basket likely at $91-95

Omaxe hopes to build 1 m ‘affordable’ homes

Iron ore exporting cos to go in for a higher price from importers

Cost pressure to ease for cement manufacturers

‘PSU status hampers BHEL in bidding process’

‘Asia Pacific property markets entering period of slowdown’

Financial crisis to affect inbound tourism

Re depreciation to boost customs revenues: CBEC chief



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