Advertising & Marketing
Mukta Arts scripts a brand cocktail
REMEMBER the crucial role Coke played in the flowering romance between Aishwarya Rai and Akshaye Khanna in Subhash Ghai's Taal? It's Take Two now.
Airlines
Panel on EU-India aviation project to meet in Delhi
THE first steering committee meeting of the EU-India Civil Aviation Cooperation Project, to be held here on March 28, would discuss the programme of actions being undertaken by the European Commission and the Indian Ministry of Civil Aviation to put this
newly-launched project into operation.
Automobiles
Tatra Udyog launches trucks, tippers
GUWAHATI: Tatra Udyog Ltd, Karnataka, launched its multi-utility all-weather trucks and tippers for the north eastern region at Guwahati this week. Mr Sharad Thussu, Assistant Manager, Tatra along with N.E. representatives, Mr A.K. Das and Mr D.Talukdar,
said that the highly sophisticated Tatra-Ind-Truck was an all-weather terrain vehicle that could be utilized for miscellaneous transshipment, including coal carrying and was made suitable for plying in the monsoon areas and poor road conditions of nort
heast.
Banking and Finance
Exploding the myth of VRS
WORRY is the interest you have to pay for the troubles which are not due for payment. Did that seem like playing with words ? Apply them to a group of about 200 VRS takers and potential optees, and they don't appear to be hollow.
Development Credit Bank scouts for strategic ally
THE Development Credit Bank (DCB) is looking for a strategic alliance partner. The partner may take a stake in the equity of DCB and offer its products to DCB's 500,000-strong customers.
`Knowing the customer key to success in banking'
UNTIL sometime ago, banking was all about a personalised service provided by the branch to the customer -- where the branch manager knew the customer personally and often advised him on matters of deposits and credit. Today, all that is fast changi
ng, with banks in fact trying to dissuade customers from coming into the branches and encouraging them to bank more through gizmos -- very hitech but impersonal.
Corporate
`Corporate governance must for family-run business too'
CORPORATE governance which carries with its high value attributes such as honesty, integrity and accountability is not just for listed or big companies but is necessary for family-run businesses as well, said Mr P. Ramakrishna, partner with Pricewaterhou
se.
Economy
Market access fund likely for exporters
THE 2001-02 Export-Import (Exim) Policy, to be unveiled on the last day of this month, is likely to be more in tune with WTO-compatibility by consolidating the process of rationalisation of the plethora of export promotion schemes, besides giving a decis
ive push to reducing the high transaction costs.
`Infrastructure vital for SEZs' development'
THE Federation of Indian Chambers of Commerce and Industry (FICCI) in its presentation to the Government has suggested development of Special Economic Zones (SEZs) as a `country in country' primarily to tackle the problem of non-availability of world-cla
ss infrastructure.
Assocham call to monitor sensitive items
THE Associated Chambers of Commerce and Industry (Assocham) has called for further strengthening of existing anti-dumping and safeguard machinery to protect the interests of the domestic industry.
Forex
Forex reserves touch record $ 42.198 b
FOREX reserves continued their rising trend, touching a record level of $ 42.198 billion for the week ended March 16, 2001, up by $ 146 million from $ 42.052 billion in the previous week.
Insurance
LIC lines up offshore plans
LIFE Insurance Corporation is set to become one of India's largest multinational commercial entities. With its over four-decade long exclusive domestic preserve breached by entry of foreign insurance majors, LIC has decided to pick up the gauntlet and re
taliate by spreading its wings into tough overseas markets spanning several continents.
Petroleum
HPL in talks with IOC for naphtha supply on credit
EVEN as the process of due diligence study goes on, the cash-strapped Haldia Petrochemicals Ltd (HPL) has begun talks with Indian Oil Corporation (IOC) for getting naphtha supplies on credit.
Policy
States must divest in profit-making PSUs too -- Fiscal restructuring policy outlines goals
DESPITE the resistance of major political parties to the privatisation of public sector undertakings, State Governments will henceforth have to divest their equity holdings even in commercially profitable enterprises engaged primarily in manufacturing ac
tivities, as part of the Medium-Term Fiscal Restructuring Policy finalised by the Central Government.
Power
Nuclear Power raising capacity
NUCLEAR Power Corporation of India Ltd (NPCIL), which expects to close this fiscal with a profit of Rs 800 crore, has proposed to add up to 1,000 MW of installed nuclear power capacity annually in the coming years.
SEBs' dues: Panel mulls package option
THE Committee on State electricity boards' (SEBs) dues to Central Power Sector Undertakings (CPSUs) is planning to recommend a package option to ensure that there are no defaults on current dues to the CPSUs.
States
APERC announces tariff for 2001-2002 -- Fixes six slab rates for domestic sector
THE Andhra Pradesh Electricity Regulatory Commission (APERC) has announced the electricity tariff for the year 2000-2001. It fixed six slab rates for domestic category consumers as against the existing four. The new tariff will come into force from April
1.
Karnataka sees 6.2% growth rate
KARNATAKA is expecting a 6.2 per cent growth in the gross State domestic product during 2000-01, which just beats the all-India average of 6 per cent growth.
`Plea for ST relief in TN may have to wait for full Budget'
THE requests for various Sales Tax relief sought by the business community may have to wait for the presentation of full budget since what was presented by the Tamil Nadu government recently was only an interim budget in view of the elections, according
to Mr P.C. Cyriac, Principal Commissioner and Commissioner for Commercial Taxes, Tamil Nadu.
AP to announce framework for e-governance soon
THE Andhra Pradesh Government is planning to announce a detailed framework for its proposed Public Private Partnership (PPP) model in the area of e-governance shortly, according to the Secretary, Department of Information Technology and Communications,
Mr J. Satyanarayana.
Sipcot move to attract investments
HAVING developed the first phase of the growth centre at Perundurai in Erode district, the State Industries Promotion Corporation of Tamil Nadu Ltd (Sipcot) is organising road shows to attract investments.
Karnataka postpones plan to privatise power supply
THE Karnataka State government has quietly rescheduled the target for distribution privatisation to beyond December 2002.
Bhoongas to the rescue of patchy rehab plans
AT Ludia village, some two km away from Khavda town, Mr Viren Joshi of Gandhi Ashram, Ahmedabad, is trying to get the local population build bhoongas, the Kutchi solution to quake-proof architecture.
Stocks
`Demat trading more prone to frauds'
TRADING in securities in the demat form is susceptible to greater chances of fraudulent activities than the paper securities, according to the Depository Participants' Association of India (DPAI).
