The Hindu Business Line : Sunday, September 06, 2009

INDUSTRY & ECONOMY

PETROLEUM: NTPC moves apex court against HC order in gas row
Says Reliance decision to amend its plea is an ‘afterthought’. New Delhi, Sept. 5 NTPC on Saturday moved the Supreme Court against the Bombay High Court decision to allow the Mukesh Ambani-led Reliance Industries Ltd (RIL) to amend ...

REAL ESTATE & CONSTRUCTION: Designers feel the heat
As the economic slowdown becomes a driver for cost cutting and belt tightening for most companies, interior designing, considered to be an offshoot of extra financing, is also facing the heat, according to Ahmedabad designers. There are ...

TAXATION: Preparing for the new Tax Code
A major change in income-tax calculation is in the offing with the Direct Tax Code Bill, 2009, proposed to replace the Income-Tax Act of 1961. On the face of it, the new code would seem to offer a bonanza to taxpayer, by broadening tax slabs ...

ENVIRONMENT: Go green with investments
Look at all the news out there — global warming, eroding forest cover, alarming pollution levels, melting ice caps and so on. Forms quite a formidable list, doesn’t ...

OVERSEAS INVESTMENTS: India to invest up to $10 b in IMF Notes
New arrangements a temporary bridge to a quota increase. India, which had to resort to IMF loans on a few occasions till the early nineties, will now take part in a global effort to make resources available to the International Monetary Fund ...

FOREIGN TRADE: Increased trade, key to battling downturn
New Delhi, Sept. 5 The visiting EU Trade Commissioner, Ms Catherine Ashton, pitched for higher engagement and trade among countries, stating that “trade was very much part of the solution on where we go next from this global ...

FOREIGN TRADE: ‘India-Pak trade can reach $10 b’
The bilateral trade volume between India and Pakistan can reach $10 billion in five years once dialogue resumes between the two countries, said the Pakistan Commerce Secretary, Mr Suleman Ghani, on Saturday at his meetings with industry ...

PETROCHEMICALS: Naphtha demand slides further
New Delhi, Sept. 5 Naphtha seems to be steadily losing its preferred feedstock status among power and fertiliser consumers. The demand for the fuel continued its downward trend for the fourth consecutive month in July and this, according ...

RADIO/TV: TRAI seeks to fix DTH tariff norms along with non-CAS cable TV services
The Telecom Regulatory Authority of India (TRAI) has filed an application before the Supreme Court seeking time to complete the tariff norms of Direct to Home (DTH) services, alongside the finalisation of the eventual tariff dispensation for ...

INFRASTRUCTURE: TN yet to send plan on petrochem investment regions to Centre
The Tamil Nadu Government is yet to send its final proposal on setting up the Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIR) in the State to the Centre. “Once we receive the final proposal from the State Government, ...

COURTS/LEGAL ISSUES: Court denies TN police right to prevent health spa operations
Chennai, Sept 5 The Madras High Court has ruled that the Tamil Nadu police had no legal right to prevent a health spa from being operated by any citizen of the country even if it was done by persons belonging to the ...

ENVIRONMENT: India, a distant second in emissions trading
Chennai, Sept 5 UN Certified Emission Reductions (CERs) accepted for trade by the European Climate Exchange traded at an average price of €22.50 a tonne in July against a measly €2.5 three years ago. However, after netting for ...

REAL ESTATE & CONSTRUCTION: Amrapali’s apartment complex
Delhi-based Amrapali group has launched Amrapali Empire on NH24 at Ghazaibad. Spread over 16,000 sq.mt, the complex offers two- and three-BHK apartments ranging from 1,000 sq.ft to 1,650 sq.ft. Prices start at Rs 22 lakh and go up to Rs 37 ...

EVENTS: Weekly News Round Up
In a communication to the stock exchanges, Uttam Galva said its board on Friday approved the co-promotion agreement to accommodate ArcelorMittal. ArcelorMittal Netherlands BV will step in as co-promoter of Mumbai-based Uttam Galva ...