The Hindu Business Line : Friday, February 08, 2008

Indians’ optimism on financial security, risks misplaced: Study
New Delhi, Feb. 7 Almost 54 per cent of households in India feel that they are financially secure, though a survey has found that around 96 per cent of the houses cannot survive beyond a year on their current savings in case of loss of income ... More

Chidambaram confident of better GDP growth rate
‘CSO estimate of 8.7% for 2007-08 conservative’ More

ENGINEERING
Tool industry exhibitions in Bangalore from Feb 15
Bangalore, Feb. 7 Tool and Gauge Manufacturers Association (TAGMA) and Indian Machine Tool Manufacturers’ Association (IMTMA) on Wednesday announced the launch of their industry exhibitions — “Diemould INDIA 2008” and ... More

FOREIGN TRADE
India-Turkey trade grows 300% in five years
Turkey-India trade has increased by over 300 per cent in the last five years and there is potential for significant upsurge with Free Trade Agreement (FTA) between the two countries at advanced stage of negotiations.“We are keen ... More

PETROLEUM
Oil sector expects fiscal sops on par with power sector
New Delhi, Feb. 7 The domestic hydrocarbon industry, both upstream and downstream, is expecting the Finance Minister, Mr P. Chidambaram, to consider extending fiscal incentives to them on the lines of those given to other core sectors. ... More

STEEL
JRG executes first steel futures delivery on Dubai bourse
Kochi, Feb. 7 JRG Metals and Commodities DMCC, a wholly owned subsidiary of JRG Securities Ltd, executed the first steel futures delivery through the Dubai Gold and Commodities Exchange (DGCX) on Monday. The delivery was undertaken ... More

SSI
FOCUS ON ERODE: A BUSINESS LINE FEATURE
The changing industrial landscape
A typically agrarian district in Tamil Nadu, Erode, is slowly transforming itself with a large number of small and mid-size industries, basically relating to textiles, trying to change the industrial landscape of the district. For long, the ... More

GEMS & JEWELLERY
Online jewellery auctions hold promise
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MEDICAL INSTITUTIONS & HOSPITALS
CARE Hospitals gets CTA machine
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BIO-TECH & GENETICS
‘Biotechnology can be more transformative than infotech’
Its impact is more immediate and humane, says Ansari More

SCIENCE & TECHNOLOGY
Applied Bio to develop software to power next-gen DNA sequencers
Keen on software partnerships with Indian IT cos More

GRANITE & MARBLE
Stone Agey
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MINERALS
ArcelorMittal applies for iron ore mines in Orissa, Jharkhand
‘Construction of plants to begin by year-end’ More

WTO
‘Sense of urgency’ on WTO needed
New Delhi, Feb. 7 India today sought sagacity and statesmanship from countries benefited from globalisation, as otherwise the Doha Round of multilateral trade talks under the WTO auspices, which holds the promise of a conclusion by the end of ... More

RURAL DEVELOPMENT
Nabard sanctions Rs 144 cr to Kerala
Aid for rural infrastructure projects More

EVENTS
Refractories: Growth all the way
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‘Refractory industry should focus on raw materials security’
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Sourcing summit begins today
Bangalore, Feb. 7 A two-day India Sourcing Summit (ISS) starts here tomorrow in the backdrop of a shift in India’s priorities towards manufacturing and a debate about the cost effectiveness of India and China, who have gained ... More

Some prominent players in the industry
ALMATIS ALUMINA: Almatis Alumina is the world’s leading producer of alumnina specialty materials. These materials offer strong resistance to heat, corrosion and wear & tear. The refractory industry is the largest ... More

Global meet to focus on emerging wheat scenario
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INTERNATIONAL TRAVEL
UK puts out new points-based immigration system
New Delhi, Feb. 7 The UK Government on Thursday announced its deadline of February 29 to put in place its new Australian-style points based immigration system (PBS). Releasing the rules for highly-skilled foreign workers applying to ... More

INCOME TAX
Investment part of health cover premium not tax exempt: IRDA
Mumbai, Feb. 7 Is the premium paid on the new unit-linked health insurance policies fully exempt from income tax? LIC, the first one to launch the scheme last week, claims that the entire premium to the scheme is eligible for tax ... More

BEARINGS, CASTINGS & FORGINGS
Castings prices may go up on higher input costs
Chennai, Feb. 7 Prices of castings are likely to go up in the next two to three months due to increase in input costs. According to Mr V. Mahadevan, Managing Director of Ennore Foundries Ltd and President of the Institute of Indian Foundrymen, ... More