NEWS FLASH : Private pension funds to start by April 1 ; regulator to invite bids next month, may allow 26% FDI | | Steep rate cuts likely next week ; RBI , govt discuss measures to infuse Rs 80,000 crore more into banking system | Air India to get $1 billion for aircraft funding ; Jet Aiways might bag Rs 500 crore | Bucking the slowdown, telecom firms step up hiring plans | FM asks India Inc to cut prices | TV strike ends, new shows by weekend | Critical GoM meets deferred with ministers in poll mode | Indo- Egypt need to widen trade horizon : Mubarak ( See 'Breaking News') |Promotion of three HC Judges: SC collegium rejects Govt plea for reconsideration | List of infrastructure projects within 10 days : Montek | CBEC issues transfer order of three Commissioners | Maruti cuts production at Gurgaon plant by 5% | US Customs seizes opium worth US$ 7 lakh at George Bush airport; Pax coming from Turkey arrested | Tata Steel aims to double return on capital | Expansion of UN Security Council: India for immediate inter-governmental negotiations | I-T - Sec 10A benefits - AO rejects for not furnishing STPI certificate- CIT(A) says exemption cannot be denied on ground that approval is granted by JD of STPI - Held, CIT(A) order upheld | Japanese pharma firm Astellas Pharma sets up Indian arm | CBDT posts two DCITs from Delhi region in Board as OSD | BT Group eyes $250 million revenues by 2009 from India | Indian Naval vessel attacked; Somalian Pirates' speed boats blown off | Hind Lever hikes prices by up to 28% | CBEC amends mid-month Customs exchange rates for November | Consumer prices in US decline most in 6 decades ; two- year yields droped to levels not since 2003 | | I-T - Foreign education expenditure of daughter of director held not for business purposes - disallowed | Import of sensitive items jumps by 27% in first half of fiscal | Service tax on port services - Homa Engineering differed with - matter goes to Larger Bench | Govt imposes 5% import duty on steel items and 20% on crude soyabean oil; Time limit for service tax refund extended; Refund procedures eased for technical testing service | Income tax - taxpayer is non-resident - employer agrees to bear tax liability in India minus hypo-tax of home country - Hypo-tax withheld from salary of taxapyer is not income, and is therefore not taxable: ITAT | FIIs pull out Rs 1 lakh crore from equity market since January | 1041 branches of Banks to accept Advance Income Tax | Banks borrowings from RBI zoom | Central Excise - 'Theft' or 'dacoity' involves forcible removal of goods from factory by non-violent or violent means - Cannot be regarded as a natural cause or unavoidable accident - Remission of duty not available: CESTAT Larger Bench | Kochi Customs detects huge illegal export of rice to Dubai | On return from G-20 Summit, South African FM says impact of crisis is so deep that downturn may even continue for a couple of years | Central Bak of India to expand overseas, eyes NRI deposits | India tops WTO list of nations initiating Safeguard duty investigations with 15 | FMCG companies plan to fight retailers ; mull alliance to take on modern retail chains defaulting on payments | No difference with FM, says Raja | OSOA defers its strike to December 2 , ’08 | Govt re-imposes steel duty | Car firms gear up for new launches to drive sales |Intercontinental The Grand now becomes The Lalit | CBEC issues clarification relating to reversal of Cenvat Credit in case of trade discount + revises tariff value for brass scraps and poppy seeds | 'RBI has scope to cut interest rates' | Govt may cut fuel prices by Dec-end | Unitech puts Gurgaon hotel up for sale | PM reviews macro indicators of economy with key 'fiscal and monetary brains'; A fresh revival package on the cards ; to review $200 billion trade target | At IIM-A , finance still rules with 32% placement | Govt working on export package |Govt imposes 5% import duty on steel items and 20% on crude soyabean oil; Time limit for service tax refund extended; Refund procedures eased for technical testing service | Kochi Customs detects huge illegal export of rice to Dubai On return from G-20 Summit, South African | Govt to infuse Rs 50,000 crore in infra | FM says impact of crisis is so deep that downturn may even continue for a couple of years | IFCL likely to get capital infusion of Rs 1,000 crore | I-T - KVSS - Revenue passes two orders : one granting refund and other adjusting same against arrears - Held, order passed by CIT cannot be null and void as assessee fails to authenticate that arrear adjustment order has been challenged: HC | Govt mulls norms for bulk purchase of power equipment | Financial crisis or no crisis: NRIs send US$ 513 million back home in September: RBI | DLF stalls projects, retrenches staff | Income Tax - New unit set up by splitting up of business of old unit is not eligible for deduction under section 10A: ITAT | VW defers launch of two models | ITAT and CESTAT Members can now become CBDT/CBEC Members | RIL SEZ to lay off workers | CENVAT Credit - Input credit legally availed when final products are dutiable not to be reversed when final products are exempted subsequently - CESTAT Five Member Larger Bench decision in Ashok Iron & Steel Fabricators and SC decision in Dai Ichi Karkaria followed: CESTAT Larger Bench | Pantaloon pulls out of Alpha JV | Countervailing duty paid under provisions of Customs Act, is payment of central excise duty not desirable for High Court to dismiss writ petition after 15 years just because alternate remedy at CESTAT is available, especially when issue is settled by Supreme Court: Madras HC | NMDC seeks foreign partners for West Bengal coal project |Yale University launches India initiative |Steel makers to slash production |FM calls for price cuts , CEOs divided | Industry rules out price cuts ; auto firms blames costlier interest rate | Chennai DRI seizes record 197 kg ketamine consignment worth Rs 20 crore, heading for Malaysia; export consignment misdeclared as onion but 'party drug' packed in onion-shaped pink colour packing | Govt imposes 5% duty on steel, iron

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JUST FOR LAUGHS

We all should support Raj Thackeray and take his initiative ahead by doing more...


1.We should teach our kids that if he is second in class, don't study harder.. just beat up the student coming first and throw him out of the school

2.Parliament should have only Delhiites as it is located in Delhi

3.No Hindi movie should be made in Bombay. Only Marathi.

4.All Maharashtrians working abroad or in other states should be sent back as they are SNATCHING employment from Locals

5.Lord Shiv, Ganesha and Parvati should not be worshiped in our state as they belong to north (Himalayas)

6.Visits to Taj Mahal should be restricted to people from UP only

7.Relief for farmers in Maharashtra should not come from Centre because that is the money collected as Tax from whole of India, so why should it be given to someone in Maharashtra?

8.Let's support Kashmiri Militants because they are right in killing and injuring innocent people for the benefit of their state and community..

9.Let's throw all MNCs out of Maharashtra , why should they earn from us? We will open our own Maharashtra Microsoft, MH Pepsi and MH Marutis of the world

10.We should be ready to die hungry or buy food at 10 times higher price but should not accept as foodgrains would be imported from other states.

11.We should not allow any industry to be setup in Maharashtra because all machinery comes from outside

12.We should STOP using local trains... Trains are not manufactured by Marathi manoos and Railway Minister is a Bihari

JAI MAHARASHTRA!

 

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THURSDAY NOVEMBER 20 2008

 

THESYNERGYONLINE TOP STORIES

 

 

BREAKING STORIES

MUMBAI , NOV 20 :
DATA CENTRE CAPACITY IN INDIA TO SURPASS 5 MILLION SQUARE FEET BY 2012

NEW DELHI , NOV 20 :
IGF 2008 KICKSTARTS- DECEMBER 3-6 , 2008 INTERNET FOR AL

NEW DELHI , NOV 20 :
7 NEW INDICATORS FOR BETTER ECONOMIC PICTURE MOOTED

NEW DELHI, NOV 19 :
EPCES PARTICIPATES IN IITF 2008

NEW DELHI, NOV 19 :
'CREATE MSF TO PUMP FUNDS IN CAPITAL MARKET AT ODD TIMES'

NEW DELHI, NOV 18 :
INDO-EGYPT NEED TO WIDEN TRADE HORIZON : MUBARAK

NEW DELHI, NOV 18 :
FM PHASE III POLICY IN OFFING TO ADD 780 RADIO CHANNELS IN ANOTHER 275 CITIES , SAYS I& B SECY

NEW DELHI, NOV 19 :
GLOBAL ECONOMIC MELTDOWN HITS PLASTIC UNITS HARD

NEW DELHI, NOV 16 :
WITH 84% RISE IN INTEREST COST , CORE INFRASTRUCTURE FIRMS PERFORMANCE GRIM IN Q2

BANGALORE , NOV 16 :
NASSCOM ANNOUNCES 'IT WOMEN LEADERSHIP SUMMIT 2008'

NEW DELHI, NOV 15 :
MEDIA NEEDS REGIONAL EXPANSION : ASSOCHAM-E&Y

 

 

CORPORATE WATCH

CHANDIGARH , NOV 20 :
KOTAK LIFE INSURANCE EXPANDS IN HARYANA

MUMBAI, NOV 20 :
JWT INDIAN PARTNERS WITH YOUTH DYNAMIX

NEW DELHI, NOV 19 :
APGENCO PLACES RS 1,325-CRORE ORDER ON BHEL

NEW DELHI, NOV 19 :
'CONNECTURF RE-LAUNCHED AS IGNITEE' ; THE COMPANY GOES IN FOR MAKEOVER

NEW DELHI, NOV 19 :
TCS EXPANDS PRESENCE IN INDIA

NEW DELHI, NOV 19 :
PNB's LAUNCHES SPECIAL CAMPAIGN FOR STUDENTS

NEW DELHI, NOV 19 :
RISE IN CORE SECTOR FUNDING WILL ENSURE LONG- TERM SUSTAINABILITY OF ECONOMIC GROWTH : D&B

NEW DELHI, NOV 18 :
MITSUBISHI PLASTICS TO LAUNCH X- BARRIER TM SUPER HIGH GAS BARRIER FILM

MUMBAI , NOV 19 :
IIST , AIMA TO IMPLEMENT CAMPUS DIMENSIONS

NEW DELHI , NOV 18 :
PNB INCREASES INTEREST RATES ON NON -RESIDENT DEPOSITS

NEW DELHI, NOV 18 :
DMAC PROPERTIES' FIRST PROJECT IN DUBAILAND UNDER WAY

 

KOTAK LIFE INSURANCE EXPANDS IN HARYANA

CHANDIGARH , NOV 20 :
KOTAK
Mahindra Old Mutual Life Insurance (Kotak Life Insurance) has formally announced its operations in Panchkula.

DATA CENTRE CAPACITY IN INDIA TO SURPASS 5 MILLION SQUARE FEET BY 2012

MUMBAI, NOV 20 :
THE
total data center capacity in India is expected to reach 5.1 million square feet by 2012 and is projected to grow 31 per cent from 2007 to 2012, according to Gartner, Inc.

IGF 2008 KICKSTARTS- DECEMBER 3-6 , 2008 INTERNET FOR ALL

NEW DELHI, NOV 20 :
THE
Internet congregation formed by the United Nations Secretary-General - Internet Governance Forum (IGF) in alliance with Department of Information Technology (DIT), National Internet exchange of India (NIXI) - supported by ISPAI and major corporates like Sify, BSNL, Tata Communications and STPI is set to begin its third meeting from December 3rd - 6th at The Hyderabad International Conference Centre (HICC), Hyderabad.

REAL ESTATE FIRMS CALL FOR HOME LOAN AT 7%

NEW DELHI, NOV 20 :
AGAINST
the backdrop of suggestion by the Finance Minister P Chidambaram real estate major are reluctant enough to cut prices of apartments and houses .

JWT INDIAN PARTNERS WITH YOUTH DYNAMIX

MUMBAI, NOV 20 :
JWT
India and Youth Dynamix , a specialist WPP youth agency have joined forces to offer clients a specialist youth consultancy offering. It aims to launch an in-depth Trax® study focused on the youth in India via a joint venture with Youth Dynamix.

7 NEW INDICATORS FOR BETTER ECONOMIC PICTURE MOOTED

NEW DELHI, NOV 20 :
TO
enable the policy makers to take timely action amid rising economic uncertainties due to global financial crisis, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has proposed the government to devise Seven new economic indicators with immediate effect.

APGENCO PLACES RS 1,325-CRORE ORDER ON BHEL

NEW DELHI, NOV 19 :
BHARAT
Heavy Electricals Limited (BHEL) has won a major contract for the supply and installation of the main plant package at a power project in Andhra Pradesh, involving one new rating thermal power generating unit of 600 MW.

EPCES PARTICIPATES IN IITF 2008

NEW DELHI, NOV 19 :
EXPORT
Promotion Council for EOUs and SEZs (EPCES) is participating in India International Trade Fair, 2008, which was inaugurated by Mr M. Hamid Ansari, the Vice President of India on Friday .

'CREATE MSF TO PUMP FUNDS IN CAPITAL MARKET AT ODD TIMES'

NEW DELHI, NOV 19 :
THE
Associated Chambers of Commerce and Industry of India (ASSOCHAM) has suggested for setting up of Market Stabilization Fund (MSF) in order to pump money into capital market at times when it is facing depressed sentiments.

'CONNECTURF RE-LAUNCHED AS IGNITEE' ; THE COMPANY GOES IN FOR MAKEOVER

NEW DELHI, NOV 19 : INDIA -BASED digital marketing major Connecturf is all set to go through a complete makeover from September 30 , 2008.

TRANSCEND UNVEILS MEMORY STICK PRO-HG DUO COMPATIBLE CARD READER IN INDIA

NEW DELHI, NOV 19 :
TRANSCEND
Information, Inc. (Transcend), a manufacturer of flash memory products, has announced the availability of its new flash drive-inspired P6 USB card reader in India.

TCS EXPANDS PRESENCE IN INDIA

NEW DELHI, NOV 19 :
TATA
Consultancy Services (TCS) , an IT services, business solutions and outsourcing organisation, has inuagurated its latest Global Delivery Center in Tianjin.

PNB's LAUNCHES SPECIAL CAMPAIGN FOR STUDENTS

NEW DELHI, NOV 19 :
PUNJAB
National Bank (PNB)has launched a pan India campaign for school students to inculcate banking and saving habits in them. During the campaign, school students are being persuaded through special camps and other activities in all areas of the country to open Savings Fund Accounts with PNB.

NEW DELHI, NOV 19 :
DUN
& Bradstreet, the provider of global business information, knowledge and insight, has released the second edition of its publication, India's Leading Infrastructure Companies 2008.

INDO-EGYPT NEED TO WIDEN TRADE HORIZON : MUBARAK

NEW DELHI, NOV 18 : PRESIDENT of Egypt, Mr. Mohammed Hosny Mubarak on Monday emphasised the need for widening trade horizons between India and Egypt, covering field of ICT, energy and industry.

FM PHASE III POLICY IN OFFING TO ADD 780 RADIO CHANNELS IN ANOTHER 275 CITIES , SAYS I& B SECY

NEW DELHI, NOV 19 :
In a bid to further stimulate growth in entertainment and media, the Ministry of Information & Broadcasting would shortly roll out new policy initiatives for Headend in the Sky (HITS), Mobile TV and Satellite Radio including FM Phase III Policy which will add more than 780 Radio Channels in another 275 cities as compared to 87 cities now, disclosed Ms. Sushma Singh, Secretary, Ministry of Information & Broadcasting (I&B).

GLOBAL ECONOMIC MELTDOWN HITS PLASTIC UNITS HARD

NEW DELHI, NOV 19 : THE All India Plastics Manufacturers’ Association (AIPMA), 63-years old apex body of the Plastics Manufacturers in India , is continuously monitoring the impact of global economic crisis on all industry sectors. The plastics industry is worst affected.

IIST , AIMA TO IMPLEMENT CAMPUS DIMENSIONS

MUMBAI, NOV 18 :
INDIAN
Institute of Space Science and Technology (IIST) and All India Management Association (AIMA) have chosen Campus Dimensions to automate their Trivandrum and New Delhi campuses respectively.

RTI ACT 2005 : SITUATION AND DIRECTION

RECENTLY , on November 03-04, 2008 the Central Information Commission (CIC) has organised the third National Convention at New Delhi on the Right to Information (RTI) Act, 2005.

PNB INCREASES INTEREST RATES ON NON -RESIDENT DEPOSITS

NEW DELHI, NOV 18 :
PUNJAB
National Bank (PNB) has increased the rates of interest on FCNR (B) Deposits Scheme for US$, GBP, EURO, CAD and AUD deposits from November 17 , , 2008. Mitsubishi Plastics to Launch X-BARRIER TM Super High Gas Barrier Film

MITSUBISHI PLASTICS TO LAUNCH X- BARRIER TM SUPER HIGH GAS BARRIER FILM

NEW DELHI, NOV 18 :
MITSUBISHI
Plastics, Inc. has recently launched the super high gas barrier film X-BARRIERT, a modified film based on Mitsubishi's TECHBARRIER® technology (1) that has been used in high performance food, medical, pharmaceutical and industrial packaging throughout the world since 1991.

DMAC PROPERTIES' FIRST PROJECT IN DUBAILAND UNDER WAY

NEW DELHI, NOV 18 :
LUXURY
lifestyle provider DAMAC Properties Dubai has announced that work has commenced at its Lincoln Park site at Arjan in Dubailand. Lincoln Park is a low-rise development of seven buildings which will comprise residential and commercial units.

NATURES BOUNTY UNVEILS BLUE NUN , KAYA WINES IN INDIA

NEW DELHI, NOV 17 :
THE
occasion was the launch of an array of international wines at Tapas, Vasant Continental in the Capital. A dream came true for entrepreneur Amit Burman Chairman , Natures Bounty Wines & Allied Products, as he launched Kaya and Blue Nun - a South African and German wine, with the executive Director of Langguth Wines & Spirits, Germany Mr. Helmut G Seibert.

WITH 84% RISE IN INTEREST COST , CORE INFRASTRUCTURE FIRMS PERFORMANCE GRIM IN Q2

NEW DELHI, NOV 16 : CONCERNED over the dismal performance of the core infrastructure companies in the second quarter, the ASSOCHAM has urged the government to ensure smooth fund supply to the sector so that the capacity generation process remains intact.

NASSCOM ANNOUNCES 'IT WOMEN LEADERSHIP SUMMIT 2008'

BANGALORE , NOV 16 :
NASSCOM
the premier trade body and the "voice" of the Indian IT industry, announced the third annual 'IT Women Leadership Summit 2008' to be held in Bangalore on November 19-20, 2008 at The Leela Palace.

WNS (HOLDINGS) Q2 REVENUE UP 29.6 %

NEW YORK ,US AMD MUMBAI , NOV 16 :
WNS
(Holdings) , a provider of global business process outsourcing (BPO) services, has announced results for the fiscal second quarter 2009 ended September 30, 2008 and reaffirmed its profit guidance for fiscal 2009.

CEQUITY UNVEILS SOFTWARE AS SERVICE FOR DIRECT MARKETING

NEW DELHI, NOV 16 : CUSTOMER Equity Solutions (CEQUITY), a part of Rs. 650 crore Hansa Group with interests in companies like RK Swamy BBDO, Hansa Research, Hansa Medcell & Media Direction , has launched on - demand direct marketing services platform - CEQUITY ACE.

MEDIA NEEDS REGIONAL EXPANSION : ASSOCHAM-E&Y

NEW DELHI, NOV 15 :
THE
Associated Chambers of Commerce and Industry of India (ASSOCHAM) has mooted a 3-pronged strategy for Entertainment Industry, aiming optimum utilization of their resources, enter successfully regional markets for growth and secure relaxed financing for production to counter slowdown.

BPCL, BHARTI, HZL IN FRAY FOR CSR AWARDS

NEW DELHI, NOV 15 :
DR
Noeleen Heyzer, Under-Secretary-General of the United Nations and Executive Secretary of Economic and Social Commission for Asia will present the awards to five winners and 10 excellence awardees at the 7th Asian Forum on Corporate Social Responsibility in Singapore on November 21, 2008 at the Grand Copthorne Waterfront Hotel.

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THOUGHT OF THE DAY

When I Asked God for Strength
He Gave Me Difficult Situations to Face
When I Asked God for Brain & Brown
He Gave Me Puzzles in Life to Solve
When I Asked God for Happiness
He Showed Me Some Unhappy People
When I Asked God for Wealth
He Showed Me How to Work Hard
When I Asked God for Favours
He Showed Me Opportunities to Work Hard
When I Asked God for Peace
He Showed Me How to Help Others
God Gave Me Nothing I Wanted
He Gave Me Everything I Needed
- Swami Vivekananda

______________________

VALUE HAS A VALUE ONLY IF ITS VALUE IS VALUED"

" KNOW UR Value....!

A well-known speaker started off his seminar by holding up a Rupee 500
note.

In the room of 200, he asked, "Who would like this Rupee 500 note?"

Hands started going up. He said, "I am going to give this note to one of you but first let me do this." He proceeded to crumple the note up.

He then asked, "Who still wants it?"
Still the hands were up in the air.


"Well," he replied, "What if I do this?" And he dropped it on the ground
and
started to grind it into the floor with his shoe. He picked it up, now all

crumpled and dirty. "Now who still wants it?"
Still the hands went into the air.

"My friends, you have all learned a very valuable lesson.
No matter what I did to the money, you still wanted it because it did not
decrease in value. It was still worth Rupee 500/-.


Many times in our lives, we are dropped, crumpled, and ground into the
dirt by the decisions we make and the circumstances that come our way. We feel
as though we are worthless.
But no matter what has happened or what will happen, you will never lose
your value.

You are special. Don't ever forget it! Never let yesterday's
disappointments overshadow tomorrow's dreams.

_________________

You are welcome to email
your articles and views to

The Editor
at
editor@thesynergyonline.com

Consulting Editor, N P Sinha
at
npsinha@thesynergyonline.com

 

 

 

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