http://www.financialexpress.com The Financial Express Online Edition en-us Fri, 04 Jul 2008 06:59:27 GMT Fri, 04 Jul 2008 06:59:27 GMT http://www.expressindia.com/syndications/ The Indian Express Group editor@expressindia.com (Editor) admin@expressindia.com (Admin) http://www.financialexpress.com/news/G8-to-tackle-inflation-concrete-action-elusive/331450/ G8 leaders aim to present a united front against global inflation, driven by soaring oil and food prices, at a summit in Japan next week, but solving the problem requires more than just a strong message from rich nations. http://www.financialexpress.com/news/G8-to-tackle-inflation-concrete-action-elusive/331450/ http://www.financialexpress.com/news/G8-to-tackle-inflation-concrete-action-elusive/331450/ http://www.financialexpress.com/news/Airlines-cut-down-on-routes-to-curtail-losses/331468/ Having lost the battle against spiralling aviation turbine fuel costs, airlines like the national carrier Air India, private carriers Jet Airways and Kingfisher, amongst others, have cancelled some of their routes to tide over the dip in traffic during the lean season. http://www.financialexpress.com/news/Airlines-cut-down-on-routes-to-curtail-losses/331468/ http://www.financialexpress.com/news/Airlines-cut-down-on-routes-to-curtail-losses/331468/ http://www.financialexpress.com/news/Bourses-end-in-red-for-seventh-week/331638/ Sustained rise in the rate of inflation and firming up of crude oil prices continued to take its toll on the bourses with benchmark indices posting negative weekly closing for the seventh week in a row on Friday. http://www.financialexpress.com/news/Bourses-end-in-red-for-seventh-week/331638/ http://www.financialexpress.com/news/Bourses-end-in-red-for-seventh-week/331638/ http://www.financialexpress.com/news/Ktaka-panel-mulls-cut-in-tax-slabs-for-CVS/331683/ A Cabine sub-committee, formed by the Karnataka government, is likely to recommend a cut in the tax slabs for the capital value system and reduce the penalty under Sakrama scheme for regularisation of building bylaw violation. http://www.financialexpress.com/news/Ktaka-panel-mulls-cut-in-tax-slabs-for-CVS/331683/ http://www.financialexpress.com/news/Ktaka-panel-mulls-cut-in-tax-slabs-for-CVS/331683/ http://www.financialexpress.com/news/Trent-to-invest-Rs-2-000-crore-for-50-Star-Bazaar-hypermarkets/331528/ Amidst rising inflation and high real estate costs, the retail arm of the $9.7 billion Tata group, Trent Ltd, is setting aside a fresh investment budget to spearhead its retail expansion plans in India. http://www.financialexpress.com/news/Trent-to-invest-Rs-2-000-crore-for-50-Star-Bazaar-hypermarkets/331528/ http://www.financialexpress.com/news/Trent-to-invest-Rs-2-000-crore-for-50-Star-Bazaar-hypermarkets/331528/ http://www.financialexpress.com/news/Mayas-Rs-136cr-plan-to-clock-5-7-farm-growth/331438/ Uttar Pradesh chief minister Mayawati blamed continuous negligence of the agriculture sector by previous governments for its dwindling growth rate. http://www.financialexpress.com/news/Mayas-Rs-136cr-plan-to-clock-5-7-farm-growth/331438/ http://www.financialexpress.com/news/Mayas-Rs-136cr-plan-to-clock-5-7-farm-growth/331438/ http://www.financialexpress.com/news/Urgent-priority-for-central-banks-is-to-cool-inflation-says-Reddy/331568/ Higher and volatile prices of food, energy, and other commodities are causing a significant upside bias to inflation and inflation expectations across the world and the most urgent priority for central bankers is to calm nerves on inflation, said YV Reddy, governor of the Reserve Bank of India, in Manchester on July 1. http://www.financialexpress.com/news/Urgent-priority-for-central-banks-is-to-cool-inflation-says-Reddy/331568/ http://www.financialexpress.com/news/Urgent-priority-for-central-banks-is-to-cool-inflation-says-Reddy/331568/ http://www.financialexpress.com/news/Inflation-rises-to-11-63-bond-yield-at-7year-high/331658/ Inflation accelerated to a fresh 13-year high of 11.63%, pushed up by rising prices of fruit & vegetables and fuel despite government attempts to keep the price line at a comfortable level. The cost of borrowing for 10 years climbed to the highest level since 2001 as t he yield on the benchmark 2018 bonds, reflecting the inflation trend and expectations, soared to a seven-year high of 9.18%, intra-day.http://static.expressindia.com/pic/uploadedImages/thumbImages/T_Id_30455.jpg http://www.financialexpress.com/news/Inflation-rises-to-11-63-bond-yield-at-7year-high/331658/ http://www.financialexpress.com/news/Inflation-rises-to-11-63-bond-yield-at-7year-high/331658/ http://www.financialexpress.com/news/Tough-time-ahead-for-corrugated-box-industry-price-rise-imminent/331580/ The domestic corrugated package industry has been going through very difficult times because of the hefty price rise in all major raw materials, mainly kraft paper, starch powder, and stitching wire, which comes to over 70% of the total input cost. http://www.financialexpress.com/news/Tough-time-ahead-for-corrugated-box-industry-price-rise-imminent/331580/ http://www.financialexpress.com/news/Tough-time-ahead-for-corrugated-box-industry-price-rise-imminent/331580/ http://www.financialexpress.com/news/Just-how-many-brains-does-a-PC-need/331456/ As far as consumers were concerned, Intel made Pentium chips and AMD made Athlon chips. Yet that hasn't been the case for a while now, and in the last few years, the choices facing consumers when they go to buy a PC have mushroomed. http://www.financialexpress.com/news/Just-how-many-brains-does-a-PC-need/331456/ http://www.financialexpress.com/news/Just-how-many-brains-does-a-PC-need/331456/ http://www.financialexpress.com/news/SP-finally-backs-nuclear-deal-says-it-is-in-national-interest/331444/ Ending the anxious wait for the UPA government, the Samajwadi Party on Friday publicly gave its backing to the Indo-US nuclear deal saying ''it is in nation's interest'', in the process signalling the formation of new equations and alliances with the Congress for the coming Lok Sabha polls. http://www.financialexpress.com/news/SP-finally-backs-nuclear-deal-says-it-is-in-national-interest/331444/ http://www.financialexpress.com/news/SP-finally-backs-nuclear-deal-says-it-is-in-national-interest/331444/ http://www.financialexpress.com/news/Building-bandwidth-among-young-talent/331433/ Indian corporate houses have found a way to engage employees and reduce attrition. The latest employee engagement practice that is catching up is the advisory management council, where suggestions shared by the employees are put forth to the top management in the quarterly or annual meetings of companies. http://www.financialexpress.com/news/Building-bandwidth-among-young-talent/331433/ http://www.financialexpress.com/news/Building-bandwidth-among-young-talent/331433/ http://www.financialexpress.com/news/FE-Editorial-Go-figure/331427/ The latest inflation figure of 11.63% is not just high, it is higher than expected. Indeed, this higher-than-projected level is one characteristic of the current bout of inflation-there have been instances when an originally announced rate was subsequently revised upwards. http://www.financialexpress.com/news/FE-Editorial-Go-figure/331427/ http://www.financialexpress.com/news/FE-Editorial-Go-figure/331427/ http://www.financialexpress.com/news/Foreign-reserves-fall-by-691-m-to-311-8-bn/331569/ The country's foreign-exchange reserves fell by $691 million to $311.8 billion in the week ended June 27, the central bank said. Foreign-currency assets declined $694 million to $302.05 billion during the week, the Reserve Bank of India said in its weekly statistical supplement, on Friday. http://www.financialexpress.com/news/Foreign-reserves-fall-by-691-m-to-311-8-bn/331569/ http://www.financialexpress.com/news/Foreign-reserves-fall-by-691-m-to-311-8-bn/331569/ http://www.financialexpress.com/news/Consumers-in-Punjab-to-shell-out-more-for-power/331439/ As expected, power tariff in Punjab has gone up by about 21 paise per unit according to the tariff order released by the Punjab State Electricity Regulatory Commission on Friday morning and that too with retrospective effect from April, 2008. http://www.financialexpress.com/news/Consumers-in-Punjab-to-shell-out-more-for-power/331439/ http://www.financialexpress.com/news/Consumers-in-Punjab-to-shell-out-more-for-power/331439/ http://www.financialexpress.com/news/Mittal-most-powerful-British-Sarin-is-24th/331460/ Money and power being 'natural bedfellows' is not necessarily true in the British world, except for steel tycoon Lakshmi Mittal who figures right on the top of a new Richest Power List, compiled aftercombining two separate rankings of the most powerful and the richest in the UK. http://www.financialexpress.com/news/Mittal-most-powerful-British-Sarin-is-24th/331460/ http://www.financialexpress.com/news/Mittal-most-powerful-British-Sarin-is-24th/331460/ http://www.financialexpress.com/news/Delay-in-Orissas-renewable-energy-projects-irks-OERC/331685/ The Orissa Electricity Regulatory Commission has directed the state government to take proactive and transparent steps for the smooth development of renewable energy projects in the state. http://www.financialexpress.com/news/Delay-in-Orissas-renewable-energy-projects-irks-OERC/331685/ http://www.financialexpress.com/news/Delay-in-Orissas-renewable-energy-projects-irks-OERC/331685/ http://www.financialexpress.com/news/Customs-seizes-two-RIL-aircraft-for-duty-evasion/331471/ The Airbus and a Falcon 900 EX, together valued at about Rs 400 crores, were seized on Thursday night and a showcause notice was issued to Reliance by an additional commissioner. http://www.financialexpress.com/news/Customs-seizes-two-RIL-aircraft-for-duty-evasion/331471/ http://www.financialexpress.com/news/Customs-seizes-two-RIL-aircraft-for-duty-evasion/331471/ http://www.financialexpress.com/news/McCain-in-Mexico-faults-Obama-on-trade/331451/ U.S. Republican presidential candidate John McCain took a veiled swipe at Democratic rival Barack Obama over trade on Thursday in the final leg of a Latin American trip aimed at showcasing the Arizona senator's foreign policy credentials. http://www.financialexpress.com/news/McCain-in-Mexico-faults-Obama-on-trade/331451/ http://www.financialexpress.com/news/McCain-in-Mexico-faults-Obama-on-trade/331451/ http://www.financialexpress.com/news/FE-Editorial-No-truck-with-reforms/331428/ Strikes by truckers protesting taxes and other matters concerning government policy have become an annual event. The government has, on all occasions, managed to mollify the agitating truckers-strikes are broken with the announcement of a few concessions, as was done this week. http://www.financialexpress.com/news/FE-Editorial-No-truck-with-reforms/331428/ http://www.financialexpress.com/news/FE-Editorial-No-truck-with-reforms/331428/ http://www.financialexpress.com/grfx/fe88x31.gif http://www.financialexpress.com