The Hindu Business Line : Thursday, December 03, 2009

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Gold, silver jewellery exports to get drawback
No change in existing rates, caps. Gold and silver jewellery exporters have cause to cheer as the Government has, for the first time, specified drawback rates for such exports. Through drawback payments, exporters can avail themselves of refund ...

EXPORTS & IMPORTS: Agarbathi declared handicraft product
The humble incense stick has at last been given its due. It has now been declared a handicraft product under the new duty drawback rates. With the manufacturers' long standing demand being met, a surge in sales ...

EVENTS: Bending the global brand
Successful brands, and global ones in particular, have a core they carry across continents.. “There is no such thing as universal rationality… what is rational or irrational to a person depends on that person's value systems, which ...

ECONOMIC OFFENCES: ‘Grant statutory status to fraud investigation office'
Panel pulls up Corporate Affairs Ministry for non-serious approach. A Parliamentary panel has flayed the Corporate Affairs Ministry for what it called its “non-serious approach” in strengthening the Serious Fraud Investigation ...

POWER: SERC rejects Kerala Electricity Board plea for tariff revision
KSEB's hopes of raising Rs 150-cr extra revenue dashed. Kerala State Electricity Regulatory Commission (KSERC) has rejected a petition filed by Kerala State Electricity Board (KSEB) in July this year, seeking to rationalise power tariff in the ...

AUTOMOBILES: Auto sales: The low-base effect
November has been yet another month of impressive sales growth for passenger car and two-wheeler companies. However, the growth numbers are magnified by an extension of the festive season demand, a host of launches in the last six months ...

PETROLEUM: Domestic fuel sales up 17.3% in October
Farm sector uses more diesel. The domestic sales of petroleum products in October rose 17.3 per cent, while crude oil imports slipped by five per cent and oil product imports fell 48 ...

NRIS: Non-resident Bengalis to hold court at Doha
Non-Resident Overseas Association of Bengal (NROAB), a body created mostly by non-resident Bengalis in Asia and Africa, will hold its international conference at Doha in Qatar on January 21 and 22 to promote NRI investment ...

NON-CONVENTIONAL ENERGY: Euro Multivision applies for sops for photo-voltaic project
Proposal involves Rs 2,700-cr investment. Euro Multivision Ltd is the latest applicant to queue-up for benefits under the Centre's Special Incentive Package Scheme (SIPS), for its proposed photo-voltaic (PV) and polysilicon project in Kutch ...

ACCOUNTING STANDARDS: Move to exempt cos from reporting consolidated quarterly results under IFRS
A proposal has been mooted to exempt Indian companies from presenting their consolidated results on a quarterly basis under the globally acknowledged accounting norms - International Financial ...

HEALTH: Reforms in healthcare sector vital for growth: Apollo
India needs to expedite reforms in the healthcare sector and come up with an integrated health plan to keep pace with the rapidly changing demands, Ms Sangita Reddy, Executive Director of Apollo ...

EVENTS: Turning mobiles into broadsheets
Mr N.R. Narayana Murthy, Chief Mentor of Infosys, on Wednesday provided mobile handset makers some bandwidth for ...

POWER: CESC likely to generate power from Budge Budge 3rd unit soon
CESC Ltd is expecting to put its third 250 MW unit at Budge Budge in full generation mode beginning ...

PETROLEUM: Consortium of Indian cos signs pacts for sourcing LNG from Iran
ONGC and ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, in association with the Hinduja Group and Petronet LNG, have entered into two broad enabling agreements with Iranian authorities for participation in development of gas ...

FERTILISERS: Fertiliser sector needs Rs 35,000 cr investments, says industry body
The fertiliser industry will need Rs 35,000 crore investments to augment capacity and meet demand, according to the Fertiliser Association of ...

PSU: Mackintosh Burn holds anniversary
The 175-year-old Mackintosh Burn Ltd, originally a British company but now under the management of West Bengal Government, which has been engaged in several construction activities in Tripura for more than 25 years, recently celebrated its ...

PETROLEUM: Kanara Chamber seeks gas pipeline connectivity to Mangalore
Considering the demand for natural gas in Mangalore region, the Kanara Chamber of Commerce and Industry (KCCI) has urged the Union Government to provide gas pipeline connectivity to ...

EDUCATION: NTPC quiz competition
The annual NTPC “Electron Quiz – 2009” competition will be held on December 8, at 4 p.m. at the Hari Hara Kala Bhavan, Secunderabad. It is open to students from engineering colleges and business schools from all over ...

REAL ESTATE & CONSTRUCTION: Shriram Properties launches mid-income housing project
Shriram Properties launched a national-level mid-income housing project here on Wednesday. Shriram Homes would see development of over 7,000 housing units in four cities — Bangalore, Chennai, Visakhapatnam and Kolkata — in the ...

BUSINESS MODELS: Nova Medical to open 25 day-care surgical centres
Nova Medical, a day care surgical service provider, is planning to set up 25 centres in 18 months with an investment of Rs ...