The Hindu Business Line : Saturday, October 04, 2008

INDUSTRY & ECONOMY

EMPLOYMENT: B-schools anticipate slump in offers
MELTDOWN IMPACT. New Delhi, Oct. 3 Business schools anticipate a reduction in recruitment this coming placement ...

CIGARETTES: Smoking ban spurs firms on to diet versions, candies
ITC may not feel the impact of drop in cigarette sales. Mumbai, Oct. 3 From diet cigarettes to mouth fresheners, cigarette manufacturers such as GTC Industries Ltd and Godfrey Philips are venturing into new products, anticipating a dip in sales ...

FERTILISERS: Fertiliser shortage hits cardamom plantations
Growers using high cost imported substitutes. Kochi, Oct 3 Short supply of indigenously manufactured fertilisers is compelling the cardamom planters to use high cost imported ...

EXPORTS & IMPORTS: Import of sensitive items up 11% in Apr-July
New Delhi, Oct 3 Import of sensitive items tracked and monitored by the Department of Commerce for their potential effect on domestic prices has shown a double-digit growth of 11 per cent during the first four months of the current fiscal, ...

SSI: Kovai micro units in the dark
Coimbatore, Oct. 3 For the over-20,000 micro and cottage industries in and around Coimbatore, already reeling from the impact of spiralling raw material cost and rising interest rates, the stretched power cut has put a question mark on ...

EXPORTS & IMPORTS: Global tuna prices surge
Kochi, Oct. 3 As arrivals continued to remain low, tuna prices have firmed up in global ...

PETROLEUM: ‘Cairn’s Ravva oilfield enters declining phase’
Kolkata, Oct. 3 Having produced at the plateau rate of 50,000 barrels of oil a day (bpd) since 1999, Cairn India operated Ravva oilfield has finally hit the declining phase in the July-September 2008 ...

READYMADE GARMENTS: Garment industry wants duty drawback at last year’s level
Finance Ministry says proposed rate of 8.8-10.5% ‘adequate’. New Delhi, Oct 3 The Finance Ministry has told the garment industry that the recently announced duty drawback rate of 8.8-10.5 per cent was “adequate”. The ...

ECONOMY: Credit turmoil may hit consumer-focused cos: Moody’s
Mumbai, Oct. 3 The crisis in the financial markets may depress business and consumer confidence besides slowing down global economic growth and exacerbating existing trends that have been causing corporate credit quality to deteriorate for ...

PETROLEUM: IOC import bill may go up by 17.6%
New Delhi, Oct. 3 Fluctuating crude oil prices and currency (rupee) depreciation continue to put financial pressure on public sector oil refinery-cum-marketing company Indian Oil Corporation Ltd (IOC). The company’s crude oil import ...

ANTI-DUMPING: Anti-subsidy probe on sodium nitrite from China
Chinese authorities called for consultation. New Delhi, Oct. 3 For the first time the Designated Authority in the Commerce Ministry has initiated anti-subsidy probe on imported sodium nitrite from China, even as a mid-term review of the ...

REAL ESTATE & CONSTRUCTION: Exchange your old flat for new villa
In today’s crowded real estate market where the customer is flooded with too much of a supply, and money is not an issue, developers bogged down by dampened demand are thinking out of the box to strike the best deal. ...

SOAPS & DETERGENTS: Goa to host global soaps, detergents industry meet
Mumbai, Oct 3 An international conference of the soaps, detergents and cosmetics sector is scheduled to be held in Goa during October 12-14. Organised by the Oil Technologists Association of India and supported by leading corporates ...

EXPORTS & IMPORTS: Worrisome data
The balance of payments data for the first quarter of 2008-09 reflect the trying times the economy is passing through. The import bill has shot up dramatically over the corresponding period of 2007-08, rising 33.3 per cent compared to ...

MINING & QUARRYING: People boycott hearing on bauxite mining
Visakhapatnam, Oct. 3 All major political parties – barring the ruling Congress – NGOs, associations of Girijans and several others opposed to bauxite mining in the Eastern Ghats boycotted the public hearing held at Chintapalli ...

EXCISE AND CUSTOMS: More large taxpayers’ units likely
The Department of Central Excise and Customs is likely to increase the number of large taxpayers’ units (LTUs) and the matter is being examined, said Mr P.C. Jha, Chairman, Central Board of Excise and ...

EVENTS: TiE meet in Bangalore
Coimbatore, Oct. 3 The Indus Entrepreneurs (TiE) is organising a TiE Entrepreneurial Summit (TES 2008) at Bangalore from December 16 to provide a platform to entrepreneurs, venture capitalists, the academia and stake holders from ...

EXCISE AND CUSTOMS: More large taxpayers’ units likely
The Department of Central Excise and Customs is likely to increase the number of large taxpayers’ units (LTUs) and the matter is being examined, said Mr P.C. Jha, Chairman, Central Board of Excise and ...

STEEL: Primary steel makers seek steps to curtail HR product imports
New Delhi, Oct 3 Primary steel manufacturers want the Government to intervene and urge the secondary manufacturers to source their hot rolled steel requirement from domestic manufacturers instead of ...

EVENTS: IIT Madras Open House from today
Chennai, Oct. 3 In a bit to enthuse students to take up higher education and research the Indian Institute of Technology, Madras will organise Open House 2008 to showcase its range of activities encompassing both education ...