The Hindu Business Line : Thursday, April 24, 2008

Indian crude basket breaches $ 110/barrel mark
For the 12th consecutive day the Indian crude basket continued to scorch over the $ 100-a-barrel mark. The Indian crude basket on Tuesday touched a fresh high of $ 110.34 a barrel the highest for the current fiscal. While this was ... More

ENVIRONMENT
Essel Propack launches recycled plasti packaging tube
Mumbai, April 23 Packaging company Essel Propack has introduced the first recycled and recyclable plastic packaging tube Etain, which will be followed by a family of other similar green products from the company, said Mr Sanjay Bhasin, Chief ... More

PETROLEUM
IOC may consider liquidating bonds, cross-holdings
Losing Rs 238 cr a day due to under-recoveries More

Deora hopeful of resolving issues with Pak on gas project
India is optimistic about resolving the pending issues with Pakistan on the tri-national Iran-Pakistan-India (IPI) gas pipeline project during the bilateral talks in Islamabad on April 25. The Union Petroleum Minister, Mr Murli Deora, left for ... More

PHARMACEUTICALS
Medical, sales promotion staff to strike today
More

Forum for cap on margins of non-branded generic drugs
Ministry sets up working group on branded generic segment More

POWER
AP Genco investing Rs 9,000 cr to add 2,324 MW capacity
Wipes out accumulated losses, nets Rs 191 crore More

Govt to act fast on sourcing uranium from non-NSG countries
N-power stations face commissioning delays due to fuel shortage More

STEEL
Good news for builders as steel ingot prices fall
Futures, spot prices narrow More

JSW Steel to hold prices
JSW Steel has said it has decided to maintain the current price levels for two to three months. The input cost for steel making has seen an unprecedented increase in the last few months. Added to this is the fact that there is a restricted ... More

TAXATION
Direct tax collections surpass revised estimates
New Delhi, April 23 The Centre’s net direct tax collections have surpassed the revised estimate for 2007-08 and touched about Rs 3,09,065 crore, the Chairman of the Central Board of Direct Taxes (CBDT), Mr P.K. Misra, has ... More

Panel against proposal to withdraw tax holiday for refineries
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TEXTILES
Centre eyes 15% rise in textile exports in current fiscal
More

SSI
‘Cluster approach necessary for SMEs development’
Chennai, April 23 Cluster approach is the only hope for the development of small and medium enterprises (SMEs) to enable them face global competition, according to the Chairman of National Manufacturing Competitive Council (NMCC), Dr V. ... More

WATER
Ground water recharge plan
Tamil Nadu has been allocated the maximum amount of Rs. 508.98 crore to implement the Centrally-funded scheme on Artificial Recharge of Ground Water through dug wells in hard rock areas, which aims at augmenting ground water resources and ensure ... More

COAL
SAIL plans to import 12.5 mt coal; yet to firm up distribution among ports
Uncertainty over availability of the commodity in the international market More

RADIO/TV
IPL impact: Zee unscathed; Star and Sony feel the pinch
Hindi movies, English entertainment genres hit More

Shopping through the Dish
The next retail wave is here…thanks to technology. More

EDUCATION
Kolkata biz school to be opened in July
Kolkata, April 23 Calcutta Business School, offering, two-year PGDM (post-graduate diploma in management) courses, will be launched here in July, initially with a batch of 60 students to be selected strictly on merit. Giving this ... More

AP: CM opens IGIAT complex
Visakhapatnam, April 23 The Chief Minister, Dr Y.S. Rajasekhara Reddy, inaugurated the new building complex of the Indo-German Institute of Advanced Technology (IGIAT) in the industrial estate here on Wednesday.The Chief Minister ... More

Corporation Bank, IIM-A ink pact
Mangalore, April 23 Corporation Bank and the Indian Institute of Management-Ahmedabad have tied up for providing educational loans to the institute’s students. A bank release said here that as part of the MoU both Corporation Bank and ... More

3-day education fair in Kolkata
Bengal Chamber of Commerce and Industry (BCCI) in association with the International School of Business is organising Kolkata Education Fair 2008. The three-day fair beginning April 25 will be a one-stop solution for all queries relating to new ... More

ELECTRICAL GOODS
BHEL projects can now be monitored online
New Delhi, April 23 In a bid to streamline the monitoring of power project schedules to be completed during the Eleventh Plan period, the implementation of a new Web-based project monitoring system covering State-owned equipment major Bharat ... More

REAL ESTATE & CONSTRUCTION
Demand for office space, rentals firm in first quarter: Report
New Delhi, April 23 The demand-supply dynamics in the central and alternative business districts in major cities remained relatively unchanged in the first quarter due to lack of new stock, and rentals and capital values are likely to remain ... More

Property show in Dubai
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FOREIGN DIRECT INVESTMENT
Defence FDI may be eased
The Government proposes to relax the foreign direct investment cap of 26 per cent in defence sector to facilitate co-development of multi-role transport aircraft by Hindustan Aeronautics, the Defence Minister, Mr A.K. Antony, informed the Rajya ... More

Foreign direct investments touch $20.1-b
New Delhi, April 23 The total foreign direct investment (including non-resident Indian investment) during 2007-08 up to February stood at $20.1 billion, the Minister for Minister of Overseas India Affairs, Mr Vayalar Ravi, told the Lok Sabha ... More

RURAL DEVELOPMENT
‘Modify rural job scheme’
The Opposition members in the Lok Sabha on Wednesday made a strong plea for changes in the implementation of the NREGA, warning that growing corruption in the ambitious scheme could lead to its failure. The members also wanted the Government to ... More

Concern over lack of rural health infrastructure
The lack of infrastructure, both physical and human resources, including adequate medical, paramedical and nurses across rural India and the reluctance of medical practitioners to take up rural service because of the unglamorous situation on ... More

EVENTS
‘Scope to expand ties with US in climate change, energy security’
More

EXPORTS & IMPORTS
Vanaspati imports from Lanka capped
Curbs on ports of entry too More

No need to import wheat: Pawar
New Delhi, April 23 The Union Food and Agriculture Minister, Mr Sharad Pawar, on Wednesday ruled out the need to import wheat this year. Of the 15 million tonnes (mt) wheat targeted to be procured for buffer stocks, 60 per cent has already ... More

Meet to brief exporters on new EU norms
Chennai, April 23 What chemicals go into the ink inside the pen or in the pouch one carries it in? What are the components in furniture glue? These are some sample questions exporters to the European Union will have to answer from next year, ... More

BEARINGS, CASTINGS & FORGINGS
Steel price hike puts forging industry in a spot
Chennai, April 23 Caught in a dilemma with copious orders on the one hand and the skyrocketing steel prices squeezing the margins on the other, the forging industry is at the cross-roads, according to the President of the Association of Indian ... More