THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Friday, January 19, 2001

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Index

Agriculture
Surplus foodgrains -- Fodder for hunger
Kharif crop estimates may be pruned further -- Water availability `critically low' in 5 States
Palm units agree to clear AP farmers' dues
Nabard asked to focus on post-harvest facilities

Airlines
IA hopeful of posting Rs 5 cr net this year
Aviation Ministry seeks Rs 221-cr budgetary support

Automobiles
HM's upper-end family car likely by 2002

Banking and Finance

Nudging interest rates down, electronically
AIBEA moves into private bank
VRS in banks

Cement
Crisil arm to suggest `normative' cement prices

Commodities
Assam keen on Net trading soon at Guhawati tea centre

Consumer Electronics

CETMA seeks tax sops to ride out slowdown

Corporate
Textool workers to go on fast from Jan 22
MBT development centre coming up in Bangalore
KEC unit gets Ohsas 18001 certificate
Sale of unit to help SPIC slash interest burden
Invensys buys Crompton stake in CG Powerware
Italy seeks duty cut on machine tools, olive oil
Karnataka clears Infy, 6 more mega projects
Herbertsons dispute -- Mallya-Kishore talks make little head way
Will Starbucks sip coffee with Tata?
IFCI told to submit firm plans on foreign partner
Investor protection fund to start functioning soon
Apollo Hospitals plans Rs-100 cr project in Mumbai

RPG Cables launches flame-retardant variety in AP
CLB orders

Economy
Call for sector-based schemes to expand intra G-15 trade
EU move to provide market access to Third World exports
Call for speedy implementation of PAC reports
Fitch sees `sub-6 pc' growth in economy

No sandbanks here

Editorial
Not by fiat alone

Engineering
At IMTEX 2001

Fast track
A vote for fundamentally strong

Financial Performance
Astra-IDL Q3 net jumps
Bharat Hotels
Bhagyanagar Metals Q3 net at Rs 4.36 cr
Cosmo Films net up 41 per cent
Godrej Soaps Q3 net up 42%
SRF net slides
Tanfac Industries net rises
Tips net down
HDFC Q3 net at Rs 109 cr
Novartis Q3 net at Rs 12.19-cr
Tata Steel set for record PBT
Surana Q3 net up at Rs 5.8 cr
Sierra Optima Q3 net up 99 pc
HCL Infosystems Q2 net up

Food & Dairy Products
Dairy setor urged to use technology to cut costs

Foreign Trade
Portal on foreign trade inaugurated

Impact
A P Paper: Weakness may continue
Ibuprofen: Some pain for producers
SPIC: Flat trends

Information Technology
Surana Tele plans facility in Goa
Krisn Infotech launches WAP product, chat site
Cognizant sets up shop in Bangalore
Suma Info plans Rs 16.5 cr for call centres
Bathina Tech sets up GIS lab
IMO Communications gets Intel funds
PGS mulls ASP route for insurance

Insurance

Sinha promises level field for pvt insurance players
LIC gets seven part-time directors
HDFC Standard Life to target low, middle income groups

Miscellaneous
Civil society
Film gangsters

Paper/Packaging
`Paper industry must match global standards'

Petrochemicals
HPL gets moratorium on loans

Petroleum
$250 m underground gas storage station planned in Cambay

Pharmaceuticals
Cadila Pharma's chemical plant gets USFDA nod
Norms for sale of morphine tablets relaxed

Plantations
Key meet on changes to Tobacco Act

Plastics
Plastic goods sector happy over response at Dubai

Politics
Bush administration: The tasks ahead

Power
Power politics -- Time to free the SEBs
Kochi LNG, Siasen Power Projects
Karnataka decides against LNG-based power projects

Shipping
New costs for Mumbai marine oil terminal okayed
Drop in draught at Maragolia lands CDS users in deep waters

States
National meet on beedi industry begins today
HIDD report on TN economy to be submitted to Planning Commission tomorrow
Centre allots foodgrains for drought-hit States
Export interactive cell for handlooms inaugurated in TN
Japanese aid for water project in AP, Rajasthan
Pagladiya dam project work to begin in Feb
Loan settlement offer to defaulting units

Steel

`National steel policy will be ready in six months'

Stocks
Nasdaq's overnight rally helps tech shares
New economy scrips shine

Sugar
New levy sugar obligation from Feb 1

Taxation
`Exclude long-term capital gains from MAT purview'
ICAI for IT slabs rationalisation
Direct tax collections up 29%
Indirect tax yield below budget target
`Contributions to rural fund exempted from tax'

Technical Analysis
Restricted movement

Telecommunications

BSNL cellular service by Oct

Textiles
`Budget must address textile tech upgradation'
Cotton waste import at zero duty sought


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