Financial Daily from THE HINDU group of publications
Saturday, July 27, 2002
Markets (July 26)
BL 2501068.53 (-25.10)
BSE Sensex3024.35 (-70.61)
S&P CNX Nifty973.50 (-28.05)
Dollar (Buy/Sell)48.64/48.77
Gold Std (10 gm)5140 (-20)

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INDUSTRY & ECONOMY

INVESTMENTS


When film magazines talk stocks... just stay away
Follow a few golden rules for buying stocks, be patient and disciplined and emerge a winner in the equity market... More

Get that housing loan soon...
With the possibility of tax policy changes happening every year, distribute your investment in different products and achieve your goals. More

Investing in human beings
Get the best out of your human assets by training, mentoring and motivating people, and then sit back to see the profits grow. More

Shying away...
An amazing number of Indians are careless about their health and shy away from periodic health check-ups. More

Weathering out a crisis
By and large first generation Indians in the US tend to be relatively conservative and prudent, and have long-term goals. — Jyoti Chopra More

Appreciating benefits - go ahead!
If you want to escape volatility in the stock market and limited returns from bank deposits, you should be looking at real estate. More

Investing in real estate
Real estate investing is catching on as interest rates fall. But learn to read the fine print and do your homework before purchasing a property. More

At the heart of the art mart
Many invest in art simply to possess the best and few see it as an investment to be traded. More

Where gold retains its lustre...
Though the upper classes are no longer viewing gold as an investment option, the middle and lower classes, especially in the rural areas, are more than making up. More

ECONOMY


Keralites saving more, splurging less: Study
A SEA change is overtaking Kerala's money order economy — the multi-billion dollar business comprising of NRI remittances and fund transfers from people employed outside the State's borders. As the levels of remittance flows into Kerala ... More

Jaswant to head panel on Centre, State funds
THE Finance Minister, Mr Jaswant Singh, will head a high-powered committee to devise measures for mitigating the financial problems being faced by both the States and the Centre. The committee, which would include a few State Finance Ministers ... More

Kerala, Karnataka to forge ties in IT, tourism sectors
KERALA and Karnataka are looking to work together in information technology and tourism, which happen to be the two sunrise sectors, and both the State Governments have identified for targeted focus for future development. Speaking during ... More

FOREIGN TRADE


`South Asia sub-region trade needs policy push'
THE gross domestic product (GDP) in the South Asian Growth Quadrangle sub-region consisting of Bangladesh, Bhutan, India and Nepal can be spurred through policy measures by the respective Governments of the partner-countries and private sector ... More

HEALTH


  • Heart hospital's gesture

    PSU


    Kerala fixes minimum bonus for PSU staff at 8.33 pc
    THE Kerala Government has notified that all public sector units, including those in which it holds majority equity, shall pay a minimum bonus of 8.33 per cent to their employees during the year 2002. Elaborating on the criteria fixed by the ... More

    PETROLEUM


    Naik sticks to IPO plan for BPCL, HPCL
    THE Petroleum Minister, Mr Ram Naik, on Friday stuck to his stated position on the need for an initial public offering (IPO) for Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) prior to the strategic ... More

    PHARMACEUTICALS


    `Rs 10 cr needed for drug discoveries'
    INDIAN pharma companies have the capability of carrying out new drug discoveries at an annual expenditure of Rs 10 crore, according to Dr K. Anji Reddy, Chairman, Dr Reddy's group. Addressing the convocation ceremony at the Indian Institute of ... More

    POWER


    REC enters full-scale funding of generation, transmission
    RURAL Electrification Corporation (REC) has decided to fund generation and transmission projects of any size, thus easing itself out of the earlier restraint of having to finance only projects of 25 MW and below, besides sub-transmission projects ... More

    Raising resources — PFC, REC mull options on securitising receivables
    THE Power Finance Corporation of India (PFC) and the Rural Electrification Corporation (REC) have begun examining the possibility of raising resources by securitising receivables. Sources said here that such an option was being considered to ... More

    TN: 2 projects to tap energy from waste planned
    TWO demonstration models for generation of power from sago waste and poultry droppings are to be commissioned within the next couple of months. The pilot project for generation of power from the sago industry waste is expected to go on stream ... More

    TAXATION


    TN commercial tax revenue rises to Rs 2,350 cr in Q1
    THANKS to a general buoyancy in tax collections, the Tamil Nadu Commercial Taxes Department has ended the first quarter of 2002-03 with a collection of about Rs 2,350 crore, a little over nine per cent more than the Rs 2,150 crore collected in ... More

    TEXTILES


  • Tech upgradation programmes for textile units

    EDUCATION


    IILM launches insurance course
    THE Institute of Integrated Learning in Management (IILM) has launched a one-year full time post-graduate diploma course in insurance and risk management. This is supposed to be the only course which is recognised by the Insurance Regulatory ... More

    Spratt Academy to offer courses on beauty therapy
    BANGALORE-based Spratt Academy of Hair Design has partnered with City & Guilds International, UK and Schwarzkopf Professional, Germany to offer courses in hair design, make-up and beauty therapy. City & Guilds is a leading provider of ... More

  • Permission for English schools

    MEDICAL INSTITUTIONS & HOSPITALS


    Image Healthcare to embark on expansion
    IMAGE Healthcare Ltd, which runs a 150-bedded multi-speciality hospital at Ameerpet here, has bagged the ISO-9001 certification, thereby becoming the only hospital to get ISO certification during the first year of operations itself. Announcing ... More

    REAL ESTATE & CONSTRUCTION


    Kolkata real estate market faces glut
    IT'S the silly season for Kolkata's commercial real estate market. Consider the following: Prime properties that have been put on the block are lying unsold for months, rates are falling all around and corporates are pulling out of deals. All ... More

    GENDER


  • National Alliance of Women meet

    DISINVESTMENT


    Calendar for divestment cases being readied — Receipts to be up in Tenth Plan: Shourie
    THE Government today indicated in the Lok Sabha that receipts through disinvestment during the Tenth Plan would probably be higher than the Planning Commission assessment of Rs 16,000 crore every year in the five-year period as set out in the ... More

    SMALL SAVINGS


    As official-level talks fail... Jaswant, Verma to sort out EPF rate cut issue
    A FINAL decision on the proposed rate cut on Employees Provident Fund deposits to nine per cent will now have to be taken at the ministerial level. A formal decision to let the Labour Minister, Mr Sahib Singh Verma, and the Finance Minister, Mr ... More

    RURAL DEVELOPMENT


    `e-farmers' is ITC credo
    MARKING a departure from the practice of giving a picture of the core businesses of the company, with plans and prospects for the future, the ITC Chairman, Mr Y.C. Deveshwar today spoke to shareholders at the company's 91st AGM almost entirely on ... More

    SARI to be expanded, renamed
    SARI (Sustainable Access in Rural India), the pilot project to establish rural connectivity that was implemented in Melur taluk of Madurai district, is being expanded and consequently being renamed as RASI (Rural Access to Services through the ... More

  • Karnataka: Nabard sanctions Rs 39.43 cr

    INDUSTRIAL POLICY


    Gujarat announces sops for SEZ units
    On sales tax and other levies, there would be complete exemption on payment of stamp duty and registration fees on transfer of land meant for industrial use in SEZ area. More

    AP enactment simplifies industrial procedures
    This enactment will facilitate the Government to systematically monitor the project development and also initiate corrective measures as and when required. More

    EVENTS


    Workshop on self-development
    HYDERABAD: A personal effectiveness programme, specially designed for corporates by the Prasanna Trust would be held on Saturday and Sunday. The workshop on self-development based on Indian heritage and spirituality is being ... More

  • Bangalore Engagements

    NATURAL CALAMITIES


    Monsoon `warms' up to global weather changes
    EVEN as India ponders on how to come to grips with what for all practical purposes looks like a case of a failed monsoon, researchers have come out with evidence suggesting that the Asian southwest monsoon has in fact been gaining in intensity ... More

    Failure of monsoon may lead to crisis
    DESPITE Karnataka having declared 81 out of its 175 taluks as drought-affected and having already approached the Centre for assistance, the southwest monsoon continues to play hide and seek in even coastal Karnataka, which normally has heavy ... More

    ALTERNATIVE MEDICINES


    India must tap herbal market: Shatrughan
    THE Union Minister for Health, Mr Shatrughan Sinha, has said that nature's bounty had provided India with a headstart in the herbal products sweepstakes and the country should seek to effectively tap the huge potential the global market, which is ... More

    TOURISM


    Kerala: Rs 20-cr Central aid for tourism
    KERALA will get Rs 20 crore from the Tourism Department of the Centre for implementing a slew of tourism projects in the State. The projects include development of tourist cruise terminals, convention centres, amusement parks and ropeways. The ... More

    `Musical chamber' at Belum caves
    THE discovery of a `musical chamber' in the Belum Caves has added a new facet and generated excitement. Measuring 60 ft in length, the new passage is leading to a chamber of `Stalactites', according to officials of the Andhra Pradesh Tourism ... More


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