The Hindu Business Line : Thursday, August 16, 2007

PM promises policies for rapid industrialisation
The Prime Minister, Dr Manmohan Singh, on Wednesday asserted that industrialisation was critical for progress and that it offered “new opportunities and hope, especially for people in rural areas displaced by agrarian ... More

Technical snag hits RIL testing activity in Cauvery block
New Delhi, Aug. 15 Reliance Industries Ltd (RIL) seems to have suffered a minor hiccup in its successful Cauvery asset. Reliance was unable to complete the hydrocarbon testing in the second well drilled in its deepwater Cauvery block ... More

SCI mulls diversifying into shipbuilding
In talks with shipyards; would like 26% ownership More

Mayawati’s latest — A different obsession for sugar sector
New Delhi, Aug. 15 In her latest innings as the Chief Minister of Uttar Pradesh, Ms Mayawati seems to have marked out the sugar sector for special treatment. One of her first acts after taking over was to scrap the Sugar Industry ... More

Bharti Airtel investing $200 m in Sri Lanka
To launch mobile services by year-end More

Govt allows MMTC to import cement sans BIS mark
Exemption valid for 150 days from date of recording applications More

Flexibility needed in ‘linkage model’: Survey
‘Banks cautious in implementation’ More

Iron ore prices may rise further
Mumbai, Aug. 15 The iron ore market could be bracing for a price rise. China’s iron ore imports surged in July, rising by well over 20 per cent from the previous month. This coincided with a rise in price. There is expectation of ... More

Increasing disconnect between economy and stock market
The country’s capital market is increasingly influenced by global developments because of the active participation by FIIs and big corporates’ growing appetite for global borrowings. This is leading to a widening disconnect between the st ock market and the economy, which is expected to grow at more than 9 per cent in coming years, points out R. VAIDYANATHAN. More

Retailers’ home runs
Organised retailers find it difficult to compete with kiranas in home delivery formats. More

Denying gratuity under Act is legal only if there is termination: HC
Chennai, Aug. 15 Only when an employer made a positive termination of employee and took stand of forfeiting gratuity payable to him, the concerned appellate authority could adjudicate such forfeiture in terms of Section 7(4)(a) & (b) of ... More

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