The Hindu Business Line : Friday, November 18, 2005

IIM-A students haul rich harvest this summer
THE summer internship recruitment process for the 249 students of the Indian Institute of Management, Ahmedabad (IIM-A) has been completed with 73 students being placed on the very first day. The rest of the batch was placed on the second day. ... More

NRIS

Govt to form SPV for investments by overseas Indians
THE Government plans to announce the creation of a special purpose vehicle that will facilitate investments by overseas Indians. The formal announcement will be made at the fourth Pravasi Bharatiya Divas that begins in Hyderabad on January 7. ... More

RBI increases cap on NRE deposit rates
BANKS can now offer higher interest rates on repatriable Non Resident External Rupee deposits. The Reserve Bank of India hiked the interest rate cap on Non-Resident External Rupee deposits to 75 basis points over LIBOR or swap rates for the US ... More

FOREIGN TRADE

`More to be done on trade relationship with the US'
TRADE relationship with the US needs to be more robust even though the recent trends on this front are very positive, according to the Commerce Secretary, Mr S.N. Menon. Addressing the Second Indo-US Economic Summit here, he said given the kind ... More

HEALTH

Medical and Health Dept to be split into 3 directorates
THE Andhra Pradesh Government has announced a major revamp of the health administration in the State. The Medical and Health Department would be split into three directorates to take care of primary health, hospitals administration and medical ... More

PETROLEUM

TERI for review of petro product pricing formula
THE Energy and Resources Institute (TERI) has called for revisiting the import parity pricing (IPP) formula and the tax structure for petroleum products, particularly petrol and diesel. In its study on `Petroleum pricing in India: balancing ... More

POWER

126 cos saved Rs 450 cr a year through energy saving measures: CII
MORE than 100 companies across a range of industries have saved at least Rs 450 crore annually, for the past three years, through energy conservation, according to the Confederation of Indian Industry. Another 550 units have achieved annual ... More

`India needs 10 pc annual growth in power generation'
The eastern region, with its abundant coal reserves, and the north-eastern region, with its huge hydro-power potential, together could become the veritable electricity hub of the country. More

`Distribution control systems market set to cross $450 m by 2009'
THE distribution control systems (DCS) market in India is projected to grow at a compounded annual growth rate of 17.4 per cent over the next five years taking it from $205 million in 2004, to past $450 million in 2009, according to the ARC ... More

SSI

SIDBI ties up with Federal Bank to offer SMEs loans, products
SMALL Industries Development Bank of India (SIDBI) is planning to tie up with Federal Bank to offer loans and other products to small and medium enterprises in Kerala, said Mr N. Balasubramanian, Chairman and Managing Director, SIDBI. The move is ... More

MEDICAL INSTITUTIONS & HOSPITALS

Rs 2 cr to be invested in Secunderabad military hospital
AN additional investment of Rs 2 crore will be made in the Military Hospital in Secunderabad, according to the Director-General, Armed Forces Medical Services, Vice-Admiral V.K. Singh. On a visit to the city, he told newspersons, "The priority ... More

PRECIOUS METALS

Spot gold may rise higher
SPOT gold prices rose sharply higher hitting multi-year highs, helped by global inflationary fears and heightened concerns of geo-political uncertainty. Gold has diverged from its recent tight inverse relationship to the dollar as investment ... More

READYMADE GARMENTS

To help manufacturers diversify, look for newer markets — AEPC gears to new role in post-quota regime
The AEPC Secretary-General, Mr K.K. Jalan, said the council is embarking on a Rs 65-crore apparel international mart (AIM) at Gurgaon, to house 250 permanent showrooms to work as one-stop window for sourcing apparels from India. More

BIO-TECH & GENETICS

TN to consider IL&FS plan for bio-tech cos
Infrastructure for carrying out research and developing and testing products envisaged. More

CINEMA

Iranian film director scouting for jt venture partner
A WELL-KNOWN Iranian film director wants to co-produce his next movie, Mahboobeh, in a joint venture with Indian filmmakers. Mr Vahid Nikkhah Azad, who is also Head of Children and Youth Department Farabi Cinema Foundation, told ... More

GENDER

Harvest of promises?
In my interaction with some deans of agricultural universities, I found appalling their ignorance and lack of sensitivity to gender and social issues. — Vasanthi Devi, Educationist and women's rights activist. More

DISINVESTMENT

Govt revives move to divest 15% stake in SCI — Stock to be split into two; employees to be offered shares
THE Government has decided to revive the public sector disinvestment process by diluting its stake by 15 per cent in Shipping Corporation of India (SCI), a profit-making `mini-ratna' company. At present, the Government holds 80.12 per cent ... More

SCI employees to seek shares at a discount
EMPLOYEES of Shipping Corporation will seek allotment of shares at a discounted price, when the company goes for its second round of sale of shares to public. If this is not granted by the Government, the officers will oppose the ... More

FOREIGN DIRECT INVESTMENT

GoM to look at liberalising FDI norms for airports
THE Cabinet Committee on Economic Affairs (CCEA) today referred the decision on further liberalising foreign direct invest norms for airport, mining and power trading, coffee and rubber processing, trading and coal and lignite sectors, to a Group ... More

Govt notifies 20 pc FDI in FM radio biz
THE Government today notified that foreign investment, including foreign direct investment, non-resident Indians (NRI) and persons of Indian origin (PIO) investments and portfolio investments will be allowed up to 20 per cent equity in FM radio ... More

EVENTS

Maran opens India Pavilion at Information Society summit
THE Minister of Communications and Information Technology, Mr Dayanidhi Maran, inaugurated the India Pavilion at the second phase of World Summit on Information Society (WSIS) at Tunis, which focuses on the theme "ICT 4 Development and ... More

Global meet on audio-visual, acoustics, lighting
THEATRE owners are now waking up to the fact that they have to wean audiences away from the small screen and bring them back into the cinema halls. To achieve this, cinema halls have to be comfortable and fun, said Mr Sv. Rm. Ramanathan, General ... More

EXPORTS & IMPORTS

Support mooted for N-E handicraft exports
DESPITE having a rich heritage of culture and skill in handicrafts, the North Eastern Region (NER) has failed to make a significant dent on the export front. "There is a need for greater focus on details of changing trends in design, pattern and ... More

TOURISM

`Ropeways vital for tourism'
THERE is a need for setting up more ropeways in the country to promote tourism, and ropeways are perfectly safe and they add to the excitement, according to Mr Shekhar Chakraborty, Managing Director, Conveyor and Ropeway Services Private Ltd, ... More

Visakha Forum wants beach road widening project reviewed
APPREHENDING possible violations of the coastal regulatory zone (CRZ) stipulations and the likely adverse impact on the livelihood of local fishermen, the Forum for Better Visakha has urged the State Government to review its decision to go ahead ... More