The Hindu Business Line : Saturday, November 07, 2009

INDUSTRY & ECONOMY

PSU: PSU stocks react positively to disinvestment plans
Timing, pricing of public issues would be vital: Analysts. Mumbai, Nov. 6 Shares of PSUs with more than 90 per cent Government stake gained between 10 and 20 per cent in Friday after the Cabinet decided to raise public shareholdings in the ...

EMPLOYMENT: 3.4 million apply for 11,000 clerical vacancies in SBI!
BANKABLE JOBS. Chennai, Nov. 6 Clerical jobs, you may think, are out of fashion. Think again. State Bank of India advertised a few months ago for 11,000 clerical vacancies. The response, to put it mildly, has been ...

HOTELS: Hotel sector hopes the worst is over
Revenue/room increased 6.5% in Q2. Mumbai, Nov. 6 The ghosts of the first quarter continued to haunt hotel companies in the second quarter too. With no increase in uptake, their profits only shrank ...

FOREIGN TRADE: India, EU hope to close talks on FTA in a year: PM
Talks stuck on procurement policy, test on goods. New Delhi, Nov. 6 The Prime Minister, Dr Manmohan Singh, has expressed the hope that negotiations for a Free Trade Agreement (FTA) between India and the European Union can be completed in ...

POWER: KSEB chalks out action plan to bring down power consumption
Rs 90-cr campaign aims to minimise costly power purchase. Thiruvananthapuram, Nov. 6 Concerned at the steady rise in power consumption, the Kerala State Electricity Board (KSEB) has chalked out a Rs 90-crore action plan on the lines of last ...

PHARMACEUTICALS: Pressure on drug makers to work together: PwC
Healthcare will bounce back out of recession first. Mumbai, Nov. 6 Big pharma will have to morph itself into a different organisation from what it was earlier, with the market becoming more “demand-driven” following the economic ...

NON-CONVENTIONAL ENERGY: Karnataka proposes to treble renewable energy capacity in 5 years
Bangalore, Nov. 6 Karnataka proposes to generate an additional 4200 MW of power from renewable sources such as wind power, cogeneration and small hydro power projects over the next five ...

INCOME TAX: Asset-based taxation can impact investments: Assocham
The proposed new Direct Taxes Code based on taxation of assets will be detrimental to the growth of investments and industry, according to Ms Swati Piramal, President of the Associated Chambers of Commerce and ...

TEXTILES: Rs 66,275 cr disbursed under TUFs
The Textiles Minister, Mr Dayanidhi Maran, said his Ministry disbursed Rs 66,275 crore under the Technology Upgradation Funds Scheme from the inception of the scheme on April 1, 1999, till June 30, 2009. He said TUFS has stimulated ...

EXPORTS & IMPORTS: Iron ore exports surge 88% in Sept
The country’s iron ore exports surged by about 87.89 per cent in September to 6.25 million tonnes on account of an increase in offtake from Chinese steel mills. Iron ore exports in September 2008 stood at 33.28 mt, according to the ...

EDUCATION: Kurukshetra varsity MBA toppers
Four students of Tilak Raj Chadha Institute of Management and Technology are among the top 10 ranked in the fourth semester MBA examination conducted by the Kurukshetra University. While Ms Ravneet Kaur Bindra secured the first position and a ...

EDUCATION: National business convention
Shaheed Sukhdev College of Business Studies organised its annual national business convention ‘Convergence 09’. The two-day conference, which had Containing Global Challenge as its theme, had talks on dealing with global ...

TAXATION: CBDT gets a new member
The Central Board of Direct Taxes (CBDT) has a new member in Mr Durgesh Shankar. Prior to joining CBDT, Mr Shankar, who belongs to the 1973 batch of the Indian Revenue Service (IRS), was a Chief Commissioner of Income Tax in Delhi. Mr ...

SCIENCE & TECHNOLOGY: Experts moot regional research centre for climate change study
Call to deploy high resolution global, regional climate models. New Delhi, Nov. 6 Establishment of a well-equipped regional centre for climate change research with multi-lateral cooperation is among the recommendations made by an expert panel at ...

EDUCATION: Get involved in setting up varsities, pvt sector told
New Delhi, Nov. 6 The Minister for Human Resource Development, Mr Kapil Sibal, has urged industry to step up cooperation with the Government in building ...

FOREIGN TRADE: India, EU in talks to end deadlock on labour, eco issues
New Delhi, Nov. 6 India and the European Union on Friday said they would resolve all contentious issues impeding the Free Trade Agreement (FTA) amicably, even as they continue to engage in discussions to break the stalemate over labour ...

DISINVESTMENT: Divesting for development
Governments, even when they do good things, have to protect themselves from attack on various flanks. So, often, they adopt the old maxim that a dog with a bone in its mouth does not bark. The decision to force profit-making public ...

MINING & QUARRYING: $300-billion investment in mining in eastern India
A whopping $300 billion is being invested in metals and mining sectors in eastern India in next few years, which is six times the total investments made since Independence, according to a press release issued on the occasion of the ...

EMPLOYMENT: KVIC bid to popularise PM’s job scheme
Madurai, Nov. 6 The Kadhi and Village Industries Commission (KVIC) is planning a major publicity campaign to give a thrust to the Prime Minister’s Employment Generation Programme (PMEGP) in ...

REAL ESTATE & CONSTRUCTION: ‘Bangalore still has 22% idle commercial capacity’
Market has perked up smartly on residential front: IndiaREIT. Bangalore, Nov. 6 Bangalore, the country’s third leading realty market, has perked up smartly on the residential front but still has 22 per cent idle commercial capacity, ...

POWER: NFC to use imported fuel for n-units under IAEA safeguards
The Hyderabad-based Nuclear Fuel Complex (NFC) is working on a two-pronged strategy to use imported uranium to supply fabricated fuel bundles to nuclear power reactors that would go under the International Atomic Energy Agency (IAEA) ...

PETROLEUM: Jet, Kingfisher hike fuel surcharge
Mumbai, Nov. 6 Jet Airways and Kingfisher Airlines as well their low-fare counterparts, JetLite and GoAir on Friday hiked fuel surcharge by Rs 100 for distances within 1,000 kilometres and Rs 200 for over ...

EXCISE AND CUSTOMS: Soda ash makers gain on safeguard duty
Stocks of soda ash manufacturers reacted positively to extension of 20 per cent safeguard duty on import of the item from China as the tenure of the April notification ...

FOREIGN TRADE: Sweden offers long-term support in Defence
New Delhi, Nov. 6 Sweden has assured India of long-term support for the development of defence ...

FOREIGN TRADE: Stronger trade ties
...

ECONOMY: Economy recovering, says Ratan Tata
Munnar, Nov. 6 As far as the economic slowdown in India is concerned, we are in a recovery phase, the Chairman of Tata Group, Mr Ratan Tata. ...

HEALTH: New insurance scheme for HIV-affected
Visakhapatnam, Nov 6 Population Services International (PSI), an NGO, in association with Star Health and Allied Insurance Company and the Greater Visakhapatnam Municipal Corporation (GVMC), launched a group insurance policy for 200 ...

TECHNOLOGY: All tech transfer payments, fee via automatic route now
New Delhi, Nov. 6 The Government on Thursday cleared a proposal that will permit all payments for royalty, lump-sum fee for transfer of technology, payments for use of trademark and brand name, on the automatic ...

HEALTH: AP plans reforms in healthcare
Hyderabad, Nov 6 The Andhra Pradesh Government is set to unveil some major reforms in healthcare administration, primarily focussing on administration of the ...

EMPLOYMENT: Tirunelveli administration plans job fair
Madurai, Nov. 7 The Tirunelveli Administration plans to hold a two-day job fair on December 12 and 13 for the benefit of graduates, engineers, polytechnic and ITI diploma ...

STEEL: Domestic steel output needs to be stepped up
New Delhi, Nov. 6 The Minister of Steel, Mr Virbhadra Singh, on Friday said there is an urgent need to add to domestic production capacity in view of the expected expansion in ...

TRAVEL & PLACES: Know passport application status through SMS
Madurai, Nov. 6 The Madurai Regional Passport Office has announced the launch of SMS facility to know the status of applications for the benefit of ...

PHARMACEUTICALS: Pharmac expo from today
...

EVENTS: CA Study Circle seminar
...