The Hindu Business Line : Friday, October 05, 2007

COURTS/LEGAL ISSUES
‘Opposition to fixing minimum wages for beedi workers is abuse of law’
Chennai, Oct. 4To oppose the move by the Tamil Nadu Government to fix minimum wages for workers of the beedi industry was a ‘clear abuse of the process of law’, the Madurai Bench of the Madras High Court has held.The Supreme ... More

ECONOMY
Excess liquidity: RBI’s daily mop-up crosses Rs 50,000 cr
Market Stabilisation Scheme limit hiked to Rs 2-lakh cr More

Chidambaram to review economic scenario
New Delhi, Oct 4 The Finance Minister, Mr P. Chidambaram, will chair a meeting of representatives of industrial houses and lending institutions including commercial banks here on Friday. The meeting is expected to review the performance ... More

ENVIRONMENT
Sustainable Responsible Investment funds eye India
Companies too are taking SRI investors seriously More

PSU
BSNL gets additional GSM spectrum
New Delhi, Oct. 4 Even as private cellular operators are clamouring for more radio frequency, the Government has allocated additional GSM spectrum to State-owned Bharat Sanchar Nigam Ltd in 16 States across the country. The allocation ... More

PETROLEUM
Essar Oil plans test well drilling at Ranigunj block
Kolkata. Oct. 4 Essar Oil plans to start drilling test well at Eastern Ranigunj CBM block in West Bengal by February 2008. The Directorate-General of Hydrocarbons (DGH) recently granted the company a fresh extension of six months to complete ... More

IHI will begin Petronet’s terminal construction in Feb
Japanese co is the lowest bidder for EPC contract More

Marginal fields: ONGC told to review package
New Delhi, Oct. 4 The Petroleum Ministry has asked state-owned Oil and Natural Gas Corporation Ltd (ONGC) to review its existing mechanism for development of marginal fields which would result in offering attractive fiscal packages for the ... More

POWER
Railways asked to rush coal to 2 NTPC plants
Farakka, Kahalgaon face shortage as production hit at Rajmahal Mines More

Modi lays foundation stone for gas-based plant near Hazira
More

‘Power sector turns attractive for funds’
Reliance Power, PowerGrid IPOs trigger buying interest More

TAXATION
Direct tax collections up 40.2% in April-Sept
Economic growth, better compliance, say experts More

TEXTILES
Spinning sector seeks Govt intervention
Coimbatore, Oct. 4 The South India Small Spinners Association has sought Government intervention to save the sector from the current cash crunch situation by announcing a moratorium for at least one year and helping member units reschedule ... More

SSI
Hughes Comm offers satellite broadband for small, medium biz
Bangalore, Oct 4 Hughes Communications India is targeting 30,000 organisations over the next three years for satellite broadband in terrestrially under served locations. Targeted at organisations with single and multiple locations, ... More

WATER
Meet on water management
Hyderabad, Oct. 4 A three-day exhibition-cum-workshop on water management solutions, styled ‘Everything about water’, began here on Thursday.The conference will deliberate on key issues in water management faced by India to ... More

RADIO/TV
Mainspring of India’s democracy
India’s media has come of age and into its own. Imagine the combined awesome power of 62,483 registered newspapers, with a claimed circulation approaching 10 crore copies, and 60 news channels in 16 languages watched by persons in 120 ... More

Cisco solution for Asianet’s digital cable services
Kochi, Oct. 4 Asianet has announced that it has been awarded the Cisco Powered Network (CPN) designation for deploying an end-to-end Cisco and Scientific Atlanta solution for delivering Digital Cable Services. The Cisco Powered Network ... More

EDUCATION
Ross biz school reception for prospective students
Hyderabad, Oct. 4 If you are looking for a berth in a global business school, here is an opportunity to know about the University of Michigan’s Stephen M. Ross School of Business.The University of Michigan India Alumni Association ... More

IIM-Kozhikode’s management meet
Kochi Oct. 4 The Indian Institute of Management, Kozhikode, is organising its annual management conclave, Horizons 2007, on October 5–7. Centered on the over-arching theme “Bharat ek Khoj,” Horizons will focus on three ... More

‘Education becoming business in India’
Chennai, Oct. 4 Lord Swraj Paul, Indian-born British peer and Chairman, Caparo group, today observed that education was becoming a business in India and was consequently getting politicised. “Both these (trends) are dangerous,” he ... More

Varsity’s placement brochure
The placement brochure of the Department of Management Studies, Madurai Kamaraj University was released here. Mr.Gibson.G.Vedamani, CEO, Retail Association of India, receiving the first copy on the occasion, said India has been turning into a ... More

Veta receives $10 m pvt equity funding
Chennai, Oct. 4 Amoha Education Pvt Ltd, the parent company of the English language training academy Veta, has received an investment of about $10 million (Rs 40 crore) from SAIF Partners, an Asian private equity firm established through ... More

REAL ESTATE & CONSTRUCTION
Gulf co buying Rane Madras’ surplus land
Chennai, Oct 4 The Gulf-based MFar Group has agreed to buy nearly two acres land from Rane Madras, which is selling off its surplus holding at Velachery, on the outskirts to the west of Chennai, according to market sources.According to ... More

INDUSTRY ASSOCIATIONS
KCCI seeks improvement in road conditions
Mangalore, Oct. 4 The Kanara Chamber of Commerce and Industry (KCCI) has urged the Governments, both Central and State, to improve the condition of roads in Dakshina Kannada district. Addressing presspersons here on Thursday, Mr K. ... More

TN Chamber will collect details of freight movement between Madurai, Karaikudi
The Tamil Nadu Chamber of Commerce and Industry will be collecting and forwarding details to the Southern Railway on the movement of commercial goods and industrial inputs, information about new industrial units, their requirements, finished ... More

Textile body’s new office-bearers
The Confederation of Indian Textile Industry (CITI) has elected Mr P.D. Patodia as Chairman, Mr R.K. Dalmia as Deputy Chairman, and Mr Shishir Jaipuria as Vice-Chairman of CITI for the year 2007-08. Mr Patodia is Vice-Chairman and Managing ... More

SCIENCE & TECHNOLOGY
‘Higher investment in basic science, research must’
Innovative solutions for meeting education, healthcare needs More

MINERALS
Bengal CM for ‘national policy’ on iron ore
Several industrial groups plan steel plants in State More

NEWSPAPERS & PUBLISHING
Pressmart offers ‘pay-per use’ service
Hyderabad, Oct. 4 Pressmart, on Thursday, announced the launch of “pay-per use” digital publishing software solution including an auto-archiving service for small and medium publishing (SMPs) industry in India. According to ... More

FOREIGN DIRECT INVESTMENT
Maruti’s venture with Futaba among 13 FDI plans cleared
Premier Travel, Denso Kirloskar proposals sent to PAB More

RURAL DEVELOPMENT
May her tribe increase
Tribal activist Paromita Goswami’s guiding principle is supporting the weak, whatever the nature of conflict. More

AP to dole out 5 lakh acres of forest land
Hyderabad, Oct. 4 The Andhra Pradesh Government plans to distribute about five lakh acres of forest land to tribals and non-tribals who have been tilling the lands for decades. Addressing a press conference here on Wednesday, the Tribal ... More

INTERVIEW
Impairment drill that churns oil and gas accountants
Chennai, Oct. 4 Even as the field personnel of oil and gas (O&G) companies continue to battle with many complexities to get us the fuel, their accounting colleagues are toiling with a different difficulty: how to apply the Accounting ... More

EVENTS
Scouting for Indian space tourist
While everybody from Indian ministers such as Commerce and Industry Minister Kamal Nath to Overseas Indian Affairs Minister Vayalar Ravi, or Indian Ambasador to the US Ronen Sen to the CII President and CEO of Bharti enterprises Sunil Mittal ... More

Chennai to host travel congress from today
The 56th annual Convention and Exhibition of the Travel Agents Association of India (TAAI), popularly known as the Indian Travel Congress, will be held in Chennai from October 5 to 8. The theme of this year’s convention is ... More

EXPORTS & IMPORTS
Gems and jewellery exports rise 27% in first half
More

ECONOMIC OFFENCES
NREGA and rural employment: In Orissa, corruption robs the poor
More