The Hindu Business Line : Wednesday, July 09, 2008

INDUSTRY & ECONOMY

POWER: Left withdraws support
Meeting President today; ‘Govt will go to IAEA after trust vote’. New Delhi, July 8 Ending weeks of speculation, the Left parties on Tuesday announced withdrawal of support to the ruling United Progressive Alliance (UPA) Government ...

EXPORTS & IMPORTS: Oilmeal exports gain on Argentine woes
Soyameal shipments more than double, other meals drop. Chennai, July 8 Oilmeal exports continued to increase, gaining from lower crushings in Argentina and freight advantage during the first quarter of the current ...

REAL ESTATE & CONSTRUCTION: Bengal to focus on affordable housing
Looking at joint, assisted-sector companies. The West Bengal Housing Board (WBHB) is looking to boost construction in the affordable housing segment in the State this year through the joint sector and assisted-sector ...

ENVIRONMENT: Differences persist on how to respond to climate change
G8 affirms to stand by goal to reduce emissions. Sapporo, July 8 The leaders of the developed and the developing world still do not quite see eye to eye on which countries should be asked to shoulder the challenge of addressing climate change ...

RADIO/TV: Muthoot tunes into FM radio
Chennai, July 8 Kerala-based Muthoot Group today launched its first FM radio channel – Chennai Live 104.8. Unveiling the logo of the channel, the group’s Executive Director, Mr George M. George, said it is a “talk ...

ECONOMY: Kerala draws up schemes worth Rs 40,422 cr for 11th Plan
Centre urged to plug loopholes in CMZ notification. Kerala has submitted schemes worth Rs 40,422 crore to the Planning Commission for approval for the 11th Five Year ...

TOURISM: Kalka-Shimla Railway makes it to Unesco’s World Heritage list
New Delhi, July 8 The passengers and ‘fans’ of 105-year old Kalka-Shimla Railway (KSR) that chugs in the picturesque mountains in Himachal Pradesh, have a reason to smile. ...

EDUCATION: ‘Leadership Series’ launched at IIM-K
Kochi July 8 The Leadership Series 2008-09, an Industry Interaction Cell (IIC) initiative of IIM-Kozhikode, was inaugurated by Mr Srinivas Reddy, Head of Corporate Strategy and Leadership Development at Maytas Properties. The theme was ...

MEDICAL INSTITUTIONS & HOSPITALS: GE Healthcare, Gujarat Imaging expand facilities
GE Healthcare and Gujarat Imaging Centre (GIC), which launched the State’s first molecular imaging centre for cancer detection and treatment here on Tuesday, are soon expanding the facility to two more cities in Gujarat and one in ...

TAXATION: Meeting SP’s demand on EOU, windfall tax may not be easy
Under current laws, EOU status cannot be revoked unilaterally. New Delhi, July 8 Meeting the demand of the Samajwadi Party (SP), whose support is crucial for the Congress-led Government, on withdrawing the export oriented unit (EOU) status ...

ENVIRONMENT: InterfaceFLOR works on environmental projects
Invests over Rs 3.5 cr in Indian efforts. Bangalore, July 8 The environmental sustainability movement gets another cheerleader. InterfaceFLOR, a global modular commercial flooring manufacturer, is now working with Climate Care on projects that ...

COURTS/LEGAL ISSUES: Social welfare organisations liable to pay minimum wages: HC
Chennai, July 8 Payment of minimum wages would stand irrespective of whether a work undertaken by an organisation was on voluntary basis, the Madras High Court has held. ...

STEEL: Steel prices down Rs 2,000 in the last one week
New Delhi, July 8 Prices of steel ingots have come down by around Rs 2,000 a tonne during the past one week. This is after prices increased steadily in the preceding week on anticipation that there could be an official price hike by the major ...

TEXTILES: Centre mulling loan waiver for weavers: Vaghela
Hyderabad, July 8 The Union Government is considering a proposal to waive loans worth Rs 800-1,000 crore of handloom weavers, Mr Shankersinh Vaghela, Minister of Textiles, said. It is also considering a proposal to offer loans to the weavers ...

TYRES: Decline in import of Chinese tyres seen
Due to negative impact of weakening rupee. Kolkata, July 8 Having withstood the negative impact of anti-dumping measures imposed by Indian authorities, cut in export subsidy by Chinese authorities and the rising freight cost, import of Chinese ...

RADIO/TV: Toonz 's TV series on Lord Shiva

TEXTILES: AP spinning mills to join industry protest today
Hyderabad, July 8 About 145 spinning mills in Andhra Pradesh would join the nationwide protest by the textile industry on July 9 by shutting down the machines that ...

POWER: China willing to cooperate with India
Sapporo, July 8 On a day when the Left parties announced the withdrawal of support to the Government over the nuclear deal, the Prime Minister, Dr Manmohan Singh, on Tuesday heard the Chinese President, Mr Hu Jintao, express his ...

EXPORTS & IMPORTS: Spices export up 28% in April-May
Spices exports were up 28 per cent to Rs 885 crore (Rs 690 crore) during the first two months of the current fiscal. While export volumes grew by 20 per cent to 98,570 tonnes, foreign exchange realisation was up 29 per cent to $215 million, a ...

SSI: HSBC product for small businesses
Mumbai, July 8 HSBC India has launched an online product for SMEs, which offers facilities such as zero balance requirements, free online transactions, free cash withdrawal up to Rs 2 lakh at 23,000 Visa ATMs and multiple debit cards. ...

ENTREPRENEURSHIP: CII initiative on entrepreneurship
Madurai, July 8 Entrepreneurship is a state of mind that seeks to create value through the use of an opportunity that stands the test of time, in the process of which, the entrepreneur creates wealth for himself and the society as well, said ...

SSI: Codissia to organise programme on duty drawback
Coimbatore, July 8 The Coimbatore District Small Industries Association (Codissia) and the Commissionerate of Central Excise, Customs & Service Tax, Coimbatore are organising a programme on duty drawback, service tax dispute resolution ...

POWER: Left move

CLIMATE & WEATHER: In blossom

EDUCATION: Sreenidhi, US schools tie up
Hyderabad, July 8 Sreenidhi International School has tied up with the US-based St Mark’s and Episcopal Schools for mutual exchange of students and faculty. ...

EDUCATION: ICRI offers medical tourism
Research, educational and publishing organisation Institute of Clinical Research India (ICRI) has added one more vertical to its business — medical tourism. With the view to train professionals who would be able to attract foreign patients ...