The Hindu : Business News : Saturday, April 12, 2008

Online edition of India's National Newspaper Saturday, April 12, 2008 ePaper \| Mobile/PDA Version

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BUSINESS
Slew of measures to sustain export growth
Kamal Nath unveils annual supplement to Foreign Trade Policy; $200 billion export target set for 2008-09

Industrial growth at 8.6 p.c. in February
NEW DELHI: Industrial production grew at 8.6 per cent in February, compared to 11 per cent a year-ago, but belied apprehensions of a major slowdown after dismal figures for the previous month, giving the Reserve Bank of India some headroom to ...

Sensex gains 113 points
MUMBAI: With inflation soaring further, the index of industrial production (IIP) data giving a cushioning comfort and Asian indices surging, it was a mixed bag of cues for the Bombay Stock Exchange, whose benchmark Sensex settled the day ...

Labour-intensive exports to get fillip: chambers
NEW DELHI: Industry on Friday welcomed the annual supplement to Foreign Trade Policy saying that the dynamic initiatives announced by the Commerce Minister will give a significant push to exports of manufactured goods, and also provide the ...

TRAI favours number portability
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Friday said it was in favour of implementing nationwide ‘mobile number portability’ (MNP) by June 2009. It has now asked the Department of Telecommunications (DoT) to ...

JK Tyre buys Mexican firm
NEW DELHI: JK Tyre & Industries on Friday announced the acquisition of a renowned Mexican tyre company, Tornel, buying out the 100 per cent shareholding in the company through the special purpose vehicle (SPV) route. The acquisition ...

Goldman Sachs invests Rs. 100 cr. in TVS Logistics
TVS Group breaks tradition by letting in private equity investment

CCEA clears revised policy for SSP
NEW DELHI: The Union Cabinet Committee on Economic Affairs (CCEA) on Friday gave its nod for a revised policy for single super phosphate (SSP) fertilizer for the agriculture year 2008-09, which seeks to rationalise the pricing of SSP, provide ...

‘GDP growth to slow down to 7.8 p.c.’
MUMBAI: The Goldman Sachs Asia Economics Research Group on Friday stated that India’s GDP growth to slow down to 7.8 per cent in 2008-09 from 8.7 per cent in 2007-08. “With inflation accelerating and growth moderating, the ...

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Rupee ends flat against $

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Briefly
CII appoints new Director General
NEW DELHI: Sunil Bharti Mittal, President, Confederation of Indian Industry (CII), on Friday announced the appointment of Chandrajit Banerjee as Director General of the industry body from May. He, until now, was serving the organisation as its ...

Pavers ties up with Reliance Footprint
BANGALORE: Reliance Footprint, a format of Reliance Retail Ltd., and Pavers England Footprints Ltd., have tied up in India to offer the latter’s footwear products through Reliance Footprint’s retail outlets. Suart Paver, Chairman ...

CIL pays dividend to Government
KOLKATA: Coal India (CIL) paid the highest-ever dividend of Rs. 1,705.40 crore to the Government which constitutes 27 per cent of the paid-up equity of CIL. The cheque was handed over to the new Minister for Coal, Santosh Bagrodia by the ...

Titan opens showroom in Chennai
CHENNAI: Titan Industries plans to open more exclusive World of Titan showrooms in the current year with a focus on expanding its retail reach across the country, according to Arun Narayan, Head-Retailing, Titan Industries. The company opened ...

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