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Kingfisher plans to launch its first intl flight on Sept 3PTI Mumbai: Vijay Mallya-spearheaded Kingfisher Airlines plans to launch its first international flight on September 3 with a direct Bangalore-London flight. “The countdown has begun. We are all set to fly to London from Bangalore on September 3,” a Kingfisher Airlines official told PTI here. The Directorate General of Civil Aviation had last month granted permission to Deccan Aviation Limited to fly to 13 countries from August 26, the day the airline would be completing the mandatory five years of domestic operations to become eligible for overseas operations. Kingfisher and Deccan Aviation have now merged. Under normal circumstances, Kingfisher would have to wait for two more years to complete the five-year term mandatory to become eligible for overseas flying. But now the government has allowed Kingfisher to fly overseas under both brands - Deccan and Kingfisher. A senior official of (DGCA) confirmed the granting of permission to the airline to conduct overseas operations. The domestic air-carrier now plans to launch flights to the US, UK, UAE, Singapore, Thailand, Maldives, Saudi Arabia, Kuwait, Bangladesh, Malaysia, Sri Lanka, Pakistan and Hong Kong. Apart from London the other destinations are presently being fine-tuned, the airline official said. The domestic air-carrier plans to deploy an Airbus 330-200 on the Bangalore-London sector. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 11:32 am FDI in Q1 FY 09 exceeds total inflows in 2005-06!India is fast catching up with China in the flow of Foreign Direct Investment as it crossed 10 billion dollars in the first quarter of this fiscal.Source: Zee News : Business | 17 Aug 2008 | 11:30 am Corporate investment to be robust: RBI!Strong domestic demand is likely to push up the private corporate investments in the current financial year but in a slower-pace owing to a deceleration in global and domestic economies, the Reserve Bank said.Source: Zee News : Business | 17 Aug 2008 | 11:30 am Kingfisher to launch its first international flight on Sept 3!Vijay Mallya-spearheaded Kingfisher Airlines plans to launch its first international flight on Sept 03 with a direct Bangalore-London flight.Source: Zee News : Business | 17 Aug 2008 | 11:30 am Gujarat blasts: SIMI activists sent to 14-day police custodyAhmedabad: Nine activists of the banned Students Islamic Movement of India, or SIMI, arrested in connection with the Ahmedabad serial blasts case, were on Sunday remanded in police custody for 14 days by a local court. Metropolitan magistrate J K Pandya passed the remand order after the police sought their custody for interrogation to unravel the conspiracy behind the blasts in which 55 people had lost their lives. The accused--Jahid Sheikh, Yunus Mansuri, Shamsuddin Sheikh, Arif Kadri, Gyasuddin, Imran, Usman Agarbattiwala, Iqbal Sheikh and Sajid Mansuri --are all in the age group of 20-25. The mastermind of the blast, Mufti Abu Bashir, who was arrested in Uttar Pradesh, was brought to Ahmedabad on Saturday night on a three-day transit remand. Earlier, a lawyer representing some of the accused submitted in the court that his clients were innocent. “The police have shown arrests of all my clients on Saturday but they were in police custody since July 31. So the court should not give further remand,” Hasim Qureshi said. The courtroom was filled with relatives of the accused and security personnel. Gujarat police have claimed that they busted a pan-India network behind the serial blasts in Ahmedabad and other cities in the country with the arrest of 10 people. Earlier this month, a tribunal had lifted the ban on SIMI, saying the government had been unable to supply any new evidence of illegal activities. The next day, the Supreme Court reversed the decision, saying the ban would stay in place until it could consider further evidence to be presented by the government within three weeks. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 11:27 am Land acquisition for IIT-Patna to begin soonThe process of land acquisition for a permanent campus of the new Indian Institute of Technology-Patna (IIT-P), where classes began in temporary premises Aug 7, will soon be underway, a senior minister told IANS Sunday.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 11:00 am TCS to launch pilot passport seva project - Economic Times
Source: Google News India - Business | 17 Aug 2008 | 10:52 am After bull run, Rajkot machine tool units fear setbackFaced with spiralling raw material prices and high energy costs, the Rs.7-billion Rajkot machine tool industry seems to be heading for a downswing after the last five years' bullish growth run.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 10:30 am Bharti Airtel crosses 75 mn subscriber basePTI New Delhi: India’s largest private telecom company Bharti Airtel today said it has crossed the 75 million customer mark to become the fourth largest in-country mobile operator in the world. Bharti Airtel is now behind China Mobile, China Unicom and American AT&T in terms of subscriber base, a company statement said. The subscriber figure include customers from all business units of the company--mobile services, telemedia services and enterprises services-- the statement said. The mobile services devision has a customer base of 72.07 million as of July, 2008, it added. The mobile business provides mobile and fixed wireless services using GSM technology across 23 telecom circles. Commenting on the landmark Bharti Airtel CEO and Joint Managing Director Manoj Kohli said, “We are happy to have achieved this milestone of being the largest integrated telco in the country, in customer terms. For us, the benchmark of real leadership is customer delight and would like to thank all our customers for placing their faith in us.” The company had crossed the 60 million customer mark in February 2008 and the 50 million mark in October 2007, thereby becoming one of the fastest growing telecom companies in the world, the statement added. China Mobile with 414.5 million customers as on June 2008 is at the No 1 position followed by China Unicom with 170.7 million subscriber base. AT&T is marginally ahead of Bharti with a subscriber base of 72.9 million in June this year. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 10:11 am TCI to foray into real estate sectorPTI New Delhi : Transport Corporation of India, so far engaged in movement of cargo over land and sea, is planning to venture into the real estate sector with pan-India presence. “We plan to get into the real estate sector as we have land bank all over the country,” TCI Executive Director Vineet Agarwal told PTI. The company has 200 properties and would develop a number of them for residential and commercial projects. “We have identified quite a few of our land properties for a foray into the sector. We have even set up a real estate division in our company for the business,” Agarwal said, but declined to give the investment figure for the foray. Apart from the foray, TCI also plans to build a number of large warehouses across the country. It already has 7.5 million sq ft of warehousing facility available which it plans to increase to 12.5 million sq ft in the next 2-3 years. It is also looking at opening offices in China, Thailand and in few European countries in the current financial year. “We will open offices in the countries with which India has respectable volume of trade. We have recently set up our offices in Indonesia, Hong-Kong and Singapore. Now we are considering China, Thailand and Europe,” Agarwal said. The company would also be investing Rs200 crore in the next two years for purchase of trucks and ships. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 9:44 am Revised pay package will also add to govt kitty - Press Trust of India
Source: Google News India - Business | 17 Aug 2008 | 9:43 am DoT invites bids for auction of 3G spectrumNew Delhi: Amid differences with the finance ministry, the Department of Telecommunications on 17 August the process for 3G mobile services and invited bids from the Indian and foreign companies to conduct the auctioning of spectrum in 22 telecom service areas. Issuing the Request for Proposal (RFP), the DoT has convened a pre-bid conference on 27 August and will open the financial bids, of those who qualify technically and meet all the criteria for selection, on 19 September this year. Click here to view Notice for RFP According to the eligibility criteria, the bidder shall not have any equity directly or indirectly in any telecom or Internet service provider in India. Similarly, any telecom company or ISP shall not have any stake in the bidder company. DoT’s decision to issue a RFP comes amid a tussle between ministries of finance and telecom over the guidelines of 3G mobile services and both have exchanged communications in this regard. Last week, Communication and IT Minister A Raja had asserted that the ministry of finance was consulted on all the financial implications relating to 3G spectrum pricing and they (finance ministry) has also nominated its representative in the joint committee which would oversee the auctioning of radio frequency. Raja had said there would be no deviation in the schedule for auction of spectrum and rollout of services. The companies applying for conducting auctioning of spectrum need to be registered under the Indian Companies Act or a foreign company incorporated in a country outside India or a joint venture of such companies. DoT has, however, set a tough condition that the bidder company should have the experience of having conducted at least five e-auctions in the last three years and the total value of all e-auctions conducted should be at least Rs2,500 crore. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 9:38 am Privately held businesses bullish on hiring: ThorntonPTI New Delhi: Country’s privately held businesses are still bullish about their hiring plans as around 74% expect a growth in employment rate this year, even as the global recruitment drive has suffered a downtrend, a latest survey said. “Whilst expected growth in employment globally has fallen from 45% in 2007 to 33%, this year, it has remained level in India (74%),” according to a recent report prepared by advisory firm Grant Thornton India. The optimism shown by the industry assumes significance as the actual reported employment growth in India was marginally lower than expected in 2007, in line with the global trend. The International Business Report examines the attitudes, plans and trends of 7,800 privately held businesses in 34 economies. Interestingly, availability of a skilled workforce was also cited as one of the major constraint by most businesses (38%) in the country that restricts their expansion plans. Grant Thornton in the International Business Report (IBR) further said business houses now a days are more focused on retention than those one year ago. As many as 71% of Indian businesses ensure that all employees understand the company’s core values, mission and goals to aid recruitment or retention. Besides, increased operating costs due to staff retention issues have created roadblocks according to 33% of respondents of the survey. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 9:33 am L&T eyes 25% revenue from international businessPTI Mumbai: Engineering and construction major Larsen & Toubro has set a goal of achieving 25% revenue from international business over the next few years from the present 16% in FY’08, a top company official said. The company’s focus areas would constitute the Middle-East and China in view of the booming infrastructure market there. “We have placed a greater emphasis on accelerated growth in the Gulf Cooperative Council (GCC) countries. To address the booming infrastructure market, we have formed joint ventures and set up execution centres in various GCC countries,” L&T Chairman and Managing Director A M Naik said in his note to shareholders in the company’s annual report here. The company has established a state-of-the-art fabrication facility for the manufacture of modular structures, heavy jackets and off-shore oil and gas platforms at Sohar in Oman. This facility will provide L&T with significant logistic advantages in meeting the needs of the many upstream oil and gas projects that are expected to come up in the Gulf. “We have set-up design engineering centres at Sharjah and Abu Dhabi for providing design and engineering consultancy services in the oil and gas and infrastructure sectors,” he said. L&T group’s sales stood at Rs29,561 crore in FY’08 and new order inflow at Rs42,019 crore. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 9:21 am Pilot passport project to be launched in two citiesSoftware major Tata Consultancy Services (TCS) will launch a pilot project for the ambitious Passport Seva Project - a public-private initiative to improve passport services - in two cities shortly, an official said.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 9:00 am DoT invites bids from firms to conduct auction of 3G spectrum - Economic Times
Source: Google News India - Business | 17 Aug 2008 | 8:56 am Bt cotton pushes India’s farm biotech revenue up by 30%By PTI New Delhi: Buoyed by the success of Bt cotton, India’s farm biotechnology revenue spiked sharply by 30% to $300 million in the latest fiscal, a US government report said. The export revenue from agriculture biotechnology has also grown by 12% to $13 million during 2007-08 fiscal from $11.6 million in a year-ago period, the US Department of Agriculture (USDA) said. “India has emerged as the second largest producer and exporter of cotton in the world, largely due to planting of Bt cotton a major success story in India’s agricultural biotechnology development,” USDA said in the recent report on ‘India Biotechnology Annual 2008´. As per the report, Bt cotton coverage has surged in the last six years to over 80% of the total cotton area in 2007. It highlighted that India’s farm biotechnology is the third largest contributor to the total biotech revenue among biotech sectors. The contribution of biopharma is about 67%, bioservices 15%, bioagri 12% and bioindustrial 4%. Bt cotton is the only biotech crop approved for commercial cultivation in India. So far, the government has approved total five Bt cotton events and 263 hybrid varieties. In addition to cotton, however, there are over 10 transgeneric crops that are in the process of securing regulatory approval for commercial cultivation, the report said. On marketing of Bt cotton seed, the USDA said, “The legal issues pertaining to the pricing of Bt cotton seed continue to be unresolved, which is likely to be detrimental to technology transfer and foreign direct investment in India’s biotechnology.” Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 8:39 am India is among "big brothers" of WTO: Pascal Lamy - Economic Times
Source: Google News India - Business | 17 Aug 2008 | 8:29 am R S Components focuses on e-trading to expand in IndiaBy PTI New Delhi: Global industrial component and electronic products distributor R S Components and Control is seeking to expand its e-trading platform to increase turnover from India over three-fold by 2010-11. The UK-headquartered firm is targeting the small volume supply segment customers in the research and development sector and small batch manufacturing market as part of its strategy to increase turnover to Rs100 crore by 2010-11, from the existing Rs30 crore. “Last year we had a turnover of Rs30 crore and we are looking at a figure of Rs100 crore by 2010-11. We hope by the end of that period 25% of our sales and turnover would come from our e-trading platform,” R S Components and Control India Chief Executive Officer Shiv Bhambri told PTI. He said the company introduced 50,000 new products in the last few months in diverse ranges including process control and automation, electrical consumables, electronic components, information technology, health and safety, mechanical products, office equipment and semiconductors. “We have a two-lakh strong product range sourced from 1,200 leading brands across the world. Our customer range has crossed 50,000 in the country and we are seeking to increase it further to achieve the Rs 100-crore turnover in three years,” Bhambri said. The company is introducing an online payment system in the next two months and plans to complete its cycle of e-trade business. They have presence in 26 countries and distribution channels in 38 nations across the world. Source: Tech News - Livemint.com | 17 Aug 2008 | 8:22 am R S Components focuses on e-trading to expand in IndiaBy PTI New Delhi: Global industrial component and electronic products distributor R S Components and Control is seeking to expand its e-trading platform to increase turnover from India over three-fold by 2010-11. The UK-headquartered firm is targeting the small volume supply segment customers in the research and development sector and small batch manufacturing market as part of its strategy to increase turnover to Rs100 crore by 2010-11, from the existing Rs30 crore. “Last year we had a turnover of Rs30 crore and we are looking at a figure of Rs100 crore by 2010-11. We hope by the end of that period 25% of our sales and turnover would come from our e-trading platform,” R S Components and Control India Chief Executive Officer Shiv Bhambri told PTI. He said the company introduced 50,000 new products in the last few months in diverse ranges including process control and automation, electrical consumables, electronic components, information technology, health and safety, mechanical products, office equipment and semiconductors. “We have a two-lakh strong product range sourced from 1,200 leading brands across the world. Our customer range has crossed 50,000 in the country and we are seeking to increase it further to achieve the Rs 100-crore turnover in three years,” Bhambri said. The company is introducing an online payment system in the next two months and plans to complete its cycle of e-trade business. They have presence in 26 countries and distribution channels in 38 nations across the world. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 8:22 am Give tax incentives to Industrial Training Centres: FicciBy PTI New Delhi: Industry association Ficci has asked the government to give fiscal support in the form of a 10-year tax holiday and excise waiver for purchase of training equipment to scale up and modernize Industrial Training Centres. “The government should offer fiscal support in the form of a 10-year tax holiday, excise waiver for purchase of training equipment and machinery, funding for training for Industrial Training Centres (ITCs),” the chamber said. ITCs in the private sector can prove to be a strong catalyst for skill formation and an important conduit to attain the national goal of developing an adequately skilled manpower, it said. Government should also address the critical issue of lack of opportunities for upward mobility in the education ladder for Industrial Training Institute (ITI) passouts. At present, ITI passouts find it difficult to upgrade their qualification to the diploma and degree level. Employment exchanges in the country should be remodeled on the pattern seen in Taiwan, which effectively under one roof offer training services, counseling services, employment testing services and employee referral services, Ficci said. In India, Apprenticeship Act does not allow the companies to treat apprentices at par with workers. Suitable amendments should be made to remove such bottlenecks. To give an impetus to the skill-training programme in the country government should take measures to empower the private sector managed ITCs through the proposed National Skill Development Corporation. The chamber has also called for fresh thinking on improving the quality and capacity of vocational education and training like strengthening private sector participation (PPP) in management of institutions and in course design. Source: LatestNews-Home - Livemint.com | 17 Aug 2008 | 7:53 am Consim Info seeks partner for its job portalCity-based online service provider Consim Info Pvt Ltd, better known as the Bharat Matrimony group that runs a group of business portals, is now looking for a strategic partner for its job portal www.clickjobs.com.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 7:01 am Phelps wins record No. 8 goldBeijing: Phelps, 23, swam the third leg in the men’s 400-meter medley relay and then cheered from the pool deck at the Water Cube as teammate Jason Lezak finished off the race for the U.S. in world record time. The U.S. relay victory capped nine days of swimming competition that produced 25 world records. Phelps reached two gold medal pinnacles in Beijing, surpassing the previous career record of nine and the 1972 performance of Spitz, which many Olympic historians considered the ultimate individual Olympic achievement. Phelps now has 14 career gold medals. “I literally wanted to do something that no one’s ever done before in this sport,” Phelps told reporters. “Without the help of my teammates it wouldn’t have been possible. We all came together as one unit.” American swimmers won a meet-high total of 31 medals in Beijing, including 12 golds. The U.S. has 17 gold medals in total, second to host China, which has 27. The U.S. leads China 57-49 in the total medal standings. Source: Home - Livemint.com | 17 Aug 2008 | 6:26 am Pakistan does not need FY08/09 loan - IMF officialKARACHI (Reuters) - Pakistan does not need to turn to the International Monetary Fund (IMF) for money in the next 10 months if the government cuts spending and gets other sources of funding to offset falling reserves, a senior IMF official said.Source: Reuters: Money News | 17 Aug 2008 | 6:11 am Film insurance in Bollywood, to be the next money-spinnerBy PTI Mumbai: The film insurance business is gathering momentum in the country and may soon become a good revenue stream for insurance players, industry officials said. The demand for risk cover against unanticipated incidents has led film producers to opt for mechanisms that provide protection to their investments, the officials said. The entry of corporate giants into film making has not only altered the dynamics but also catalyzed the growth of the film insurance business, the officials said. “Films fall into the broad category of event management and hence like any other event it can also be insured,” K N Bhandari, honorary director, Centre of Insurance Studies and Research, National Law University, Jodhpur, told PTI here. Attributing the growth of the business to an increasing number of corporate entities like Adlabs, Sony Pictures and UTV, amongst others, entering the realm of film-making, Bhandari said “these corporates prefer to be insured against any unforeseen or unfortunate incidents and this is becoming a big driver of growth.” Another fall-out of this growth is that as the film insurance business picks up steam in the next few years, so would institutional financing of film making. “As film insurance gains in popularity, it will also encourage and promote institutional financing of film making,” Bhandari said. Source: Home - Livemint.com | 17 Aug 2008 | 5:54 am FDI in Q1 FY 09 exceeds total inflows in 2005-06: RBIBy PTI Mumbai: India is fast catching up with China in the flow of Foreign Direct Investment as it crossed $10 billion in the first quarter of this fiscal. Foreign Direct Investment (FDI) in the first quarter of FY 09 has far exceeded the total FDIs flows received by the domestic economy in the financial year 2005-06, Reserve Bank data said. The total FDI inflows into the country in the April-June period amounted to $10.073 billion, nearly one billion more than the total FDI inflows--$8.961 billion, reached in the 2005-06 period, RBI said in its August report. The FDI flow into India was less than $10 billion annually until 2005-06. It shot up to $22 billion in 2006-07 and $32 billion in 2007-08. China averaged $50 billion annually in the past decade. If the first quarter trend continued, India could cross this fiscal $40 billion mark in FDI annual inflow for the first time. FDI flows, during April-June, almost doubled when compared to the same quarter of FY 08, $5 billion. Of the total FDIs reached here in the April-June period this fiscal, around $2.253 billion was on account of the acquisition of shares of Indian companies by foreign entities, RBI said. While the momentum in the foreign direct investment is expected to continue in the remaing part of FY 09 on the back of a strong domestic demand, the pace of the growth may be a little lower compared to the preceeding months, RBI said. Source: Home - Livemint.com | 17 Aug 2008 | 5:24 am Maruti to open 110 new driving schools; 10 research institutesBy JPTI New Delhi:Maruti Suzuki plans to set up 8-10 new institutes of driving training and research (IDTR) and 110 Maruti driving schools (MDS) across the country by the year 2010, with an aim to train five lakh people within the next three years. “There is an urgent need for creating awareness about road safety. As part of our Corporate Social Responsibility activities, we have planned to set up 8-10 IDTRs and 110 MDSs by 2010 across India,” Maruti Suzuki general manager R K Parimoo told PTI. On fees, he said, it could be as low as Rs100 per day and as high as Rs600-700 per day depending on the financial background of people, who enroll for the training, and the programmes. The company currently runs two IDTRs in Delhi and 40 MDSs at various locations and has trained about 4.5 lakh people over the last 10 years. To start with, the company would set up four IDTRs by the first quarter of next year, of which two would come up in Haryana and one each in Gujarat and Uttarakhand. “We are also in advanced stages of talks with four more states -- Bihar, Rajasthan Uttar Pradesh and West Bengal. Some progress have already been made and soon we will go to these states as well,” he said. These institutes would impart training on various courses, like two-day refresher’s programme to 45-day heavy commercial vehicle learning programme. Source: Home - Livemint.com | 17 Aug 2008 | 5:07 am Vintage one rupee coin auctioned for Rs 220,000It may sound unbelievable, but a vintage one rupee coin fetched Rs.220,000 at a numismatic auction in India's IT hub on the country's 62nd Independence Day.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 5:02 am Online gaming - one stop shop for entertainment, education and employmentOnline games on Prime Minister Manmohan Singh's political upheavals, on driving through the crazy streets of Mumbai and on arranging your daughter's marriage will teach you real life lessons that textbooks never could.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 5:01 am Etihad Airways to augment freighter fleetThe $2.5- billion Etihad Airways of the United Arab Emirates (UAE) plans to increase the share of its cargo revenue from the current 15 percent by augmenting its freighter fleet.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 5:01 am India Inc's investment plans rise to $244 bnDespite the global economic slowdown, capacity expansion plans of Indian corporates surged to Rs.10.5 trillion ($244 billion) in the first six months of the current fiscal against Rs.5.67 trillion in the same period last year, an industry lobby said.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 5:00 am Indian industry seeks cutting edge IT solutions from vendorsAs businesses in India log higher growth figures, companies are falling back on independent service vendors to deliver more specialized IT solutions that can slash costs to a minimum and provide quick benefits of scale, especially in the bullish mid-market segment which is steering the industry's growth story.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 5:00 am Outsourcing industry will continue to grow: Cognizant headDespite the global economic slowdown and bad publicity against the industry, India's outsourcing sector would retain its high growth rate, says R. Chandrasekaran, president of Cognizant India, a leading global and business process outsourcing (BPO) company.Source: IndiaeNews.com: Business News | 17 Aug 2008 | 5:00 am Piramal group to fight chronic diseases in rural areasPTI Mumbai: Piramal Group along with other industry associations and NGOs has launched the ‘help-your-body´, crusade against chronic diseases, aiming to provide affordable medicines in rural areas. The programme, inaugurated by former President APJ Abdul Kalam, will emphasize on imparting knowledge on healthy food for healthy body and target each and every individual. To battle against chronic disease such as diabetes, hypertension, arthritis, cardiac diseases and orthopedic diseases, the group has joined hands with The Associated Chambers of Commerce and Industry of India (Assocham), leading doctors, public figures and NGOs. According to the WHO report, 38.8 crore people will die in the next ten years due to chronic disease and a significant proportion would be from India. Piramal Group’s director, Swati Piramal, said, “India is expected to be the chronic disease capital with over 70 million diabetics, 213 million hypertensive patients and 60 million with arthritis by 2025. We feel that the government, the private sector, the medical fraternity, NGOs should come together against the onslaught of chronic diseases.” Source: Home - Livemint.com | 17 Aug 2008 | 4:56 am New medical colleges in pipeline - Times of India
Source: Google News India - Business | 17 Aug 2008 | 4:54 am Indu Projects receives USD 77 million from - SteelGuru
Source: Google News India - Business | 17 Aug 2008 | 1:56 am KMF increases milk price, govt says 'no' - Times of India
Source: Google News India - Business | 17 Aug 2008 | 12:27 am Forex accounting by blue chip cos under lensFor reporting substantially higher net profit. New Delhi, Aug. 16 Blue chip companies’ accounting treatment of forex differences for their first quarter unaudited results is now under the lens of the Ministry for Corporate Affairs (MCA). ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am Price fall leads to gold rush, short supplyPune, Aug. 16 The onset of the Indian festival season and the downward slide in the price of the yellow metal has set off a gold rush that’s quite unprecedented in recent times, leading to what is seen as an “acute shortage of raw ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am Operators to defy order on providing links to RComRow may delay company’s GSM launch plans. New Delhi, Aug. 16 GSM operators have decided to defy the telecom regulator’s directive to give links to connect Reliance Communication’s new network by August ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am PE investors give CFL schemes a boostNew Delhi, Aug 16 Global investors, including private equity majors and dedicated carbon funds, are throwing their weight behind compact fluorescent lamp (CFL) manufacturers in their bids for “green” projects on the anvil, ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am Exporters may have to settle for lower duty drawback ratesCommittee factors in latest duty changes including those on crude oil. New Delhi, Aug. 16 Exporters may have to settle for lower all-industry duty drawback rates for 2008-09 when the new rates are announced in the coming week. ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am Outbound travel costlier but biz is briskKolkata/Mumbai, Aug. 16 The Indian traveller headed overseas is seemingly little deterred by the rising cost of travel owing to the depreciating ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am Weekly News Round-upPrivate sector managed provident fund and superannuation trusts can now have greater exposure in the stock markets. ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am Slump in Chinese textile market brightens prospects for IndiaOpportunity to reach untapped regions; industry advises caution. Chennai, Aug. 16 After a tough phase, there seems to be signs of hope for the rupee-scarred Indian textile industry. This time, it is the slump in Chinese textiles that has ...Source: Business Line - Home Page | 17 Aug 2008 | 12:00 am New tariff regime for hydel powerIndias electricity regulator, the Central Electricity Regulatory Commission (CERC), has proposed a new tariff scheme for power generated from hydroelectric stations, whereby the risksSource: Business Standard | Front Page Headlines | 16 Aug 2008 | 11:28 pm Airfares outpace fuel cost hikeThe increase in airfares on most routes across the country has been much sharper than the rise in fuel costs for airlines in the past four months.??Aviation turbine fuel (ATF) prices increased by 34Source: Business Standard | Front Page Headlines | 16 Aug 2008 | 11:28 pm Sona Group to appoint non-promoters as CEOsThe Sona Group, a leading auto ancillary conglomerate, plans to name non-family members as chief executive officers to run the group companies.??The Rs 3,000 crore group, which plans to diversify intoSource: Business Standard | Front Page Headlines | 16 Aug 2008 | 11:26 pm On Rakhi, women take benefit of free travel - Chandigarh Newsline
Source: Google News India - Business | 16 Aug 2008 | 10:35 pm Review of Market for the week - Economic Times
Source: Google News India - Business | 16 Aug 2008 | 8:03 pm Rajasekhar Reddy approves computerisation project - Hindu
Source: Google News India - Business | 16 Aug 2008 | 7:21 pm Shell: Pulling workers due Fay; no output shutHOUSTON (Reuters) - Shell Oil Co said it was pulling 200 workers from the eastern Gulf of Mexico ahead of Tropical Storm Fay, but no offshore production was shut as of Saturday morning.Source: Reuters: Money News | 16 Aug 2008 | 6:46 pm Oil falls below $114 on global demand worriesNEW YORK (Reuters) - Oil prices fell below $114 a barrel on Friday on growing concerns about demand in industrial nations and the stronger dollar.Source: Reuters: Money News | 16 Aug 2008 | 5:37 pm Leela group to increase its room tariffsHotel Leelaventure Limited plans to increase its room tariffs, a top company official said.Source: Daily News & Analysis: Money News | 16 Aug 2008 | 2:40 pm K\'taka govt plays party poopers, pub\'s biz drops 80%Bangalore\'s nightclub owners are not a very happy lot. Despite several protests about the ban on dancing and the 11.30 pm Cinderalla curfew on pubs and bars, the state government refuses to budge.Source: Moneycontrol Top Headlines | 16 Aug 2008 | 2:15 pm Bschools give women entrepreneurs new lease of lifeWomen entrepreneurs are all set to get a boost. Entrepreneurship programmes tailormade for women are on the rise across Bschools. What\'s more, some of them are completely free of cost!Source: Moneycontrol Top Headlines | 16 Aug 2008 | 1:58 pm India not to bargain with WTO on livelihood security issuesMinister of Commerce and Industry, Kamal Nath said that where India\'s commercial interests are concerned, the country is willing to engage in them. But where if the WTO requires him to to bargain on livelihood security, he will not do so, Kamal Nath added.Source: Moneycontrol Top Headlines | 16 Aug 2008 | 1:14 pm Siemens PLM plans to ramp up businessSiemens PLM Software is planning to scale up its business in India by upgrading products and adding new customers, a top company official said here on Saturday.Source: Daily News & Analysis: Money News | 16 Aug 2008 | 12:40 pm IT Man to focus on asset sales nowIt\'s not just mergers acquisitions that have come under the tax scanner. All kinds of asset sales are now being looked at. Even if they take place offshore.Source: Moneycontrol Top Headlines | 16 Aug 2008 | 11:47 am
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