Financial Daily from THE HINDU group of publications
Wednesday, August 14, 2002
Markets (Aug. 13)
BL 2501068.74 (+7.74)
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Dollar (Buy/Sell)48.56/48.69
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Morgan Stanley cuts forecast to 4.7%
EVEN though the monsoon has shown signs of reviving, Morgan Stanley has sharply lowered, the second time in two months, the GDP growth forecast for India for the current fiscal year to 4.7 per cent. The international brokerage firm had last ... More

Panel to identify non-tax revenue sources: Moily
KARNATAKA, which has the potential to increase non-tax revenues by almost double the current figure of Rs 1,600 crore, has set in motion an exercise to identify the sources and mechanism to achieve this objective through a study to be taken up by ... More

Action plan for capital goods industry soon
THE Inter-Ministerial Committee (IMC) set up in the Ministry of Heavy Industries and Public Enterprises will shortly draw up an action plan outlining strategies for development and growth of different segments of the capital goods industry. ... More

No freedom from poverty
An old man walking with the help of a stick near the Hi-Tec city in Hyderabad. With the country celebrating one more Independence Day on Thursday, the challenge of economic well-being stares the nation in the face. ... More


SABF to push for investment protection treaty
THE South Asia Business Forum, comprising apex chambers of the South Asia sub-region and primarily a business-to-business network, has decided to work for an inter-regional investment promotion and protection treaty. It is perceived that such ... More


Drug controller to `look into' diabetes drug trial
THE Drug Controller-General of India (DCGI) would "look into" issues related to the recently discontinued diabetes drug trials by Danish drug-major Novo Nordisk, given the ethical concerns that have emerged subsequently. Top Union Health ... More


Gasohol to be mandatory in 9 States from 2003
THE sale of gasohol would be mandatory in nine States and four Union Territories from January 1, 2003, according to the Union Petroleum Minister, Mr Ram Naik. Petrol mixed with five per cent ethanol is called gasohol. The States where the ... More

Location norm for petrol pumps on national highways
THE Government is putting in place a system by which all new petrol pumps coming up along the national highways will be located at a distance of 75 to 100 metres from the highway. The Minister of State for Road Transport and Highways, Mr B.C. ... More


`More teeth for power regulator vital'
The principal difference is that the FERC's ambit covers the entire energy sector — not only regulating the electricity markets, but also the transmission and sale of natural gas for resale in inter-State commerce and the transmission of oil by pipeline in inter-State commerce — whereas in India, the CERC covers just the power sector. More

Almatti project tariff not in sync with CEA norms
THE tariff for the 290 MW Almatti Power project has deviated from the guidelines of techno-economic clearance (TEC) provided by the Central Electricity Authority (CEA). Copies of the power purchase agreement and the detailed project report ... More

CPDCL plan to revamp power supply network
FOLLOWING a series of power-related accidents in the State, the Central Power Distribution Company of Andhra Pradesh Ltd (CPDCL) has come out with an action plan for revamping the entire distribution network. CPDCL has also warned its field ... More


Sugar industry to diversify to remain viable
THE sugar industry is looking to widening the product base of sugar mills to improve viability, and is hoping for enabling policy measures from the State Government and the Centre, according to Dr Palani G Periasamy, President, South Indian Sugar ... More


Dealers' protest brings down July beer sales turnover in Karnataka
The performance of Karnataka market was not impressive when juxtaposed to sales growth in the neighbouring Andhra Pradesh, which witnessed over 30 per cent jump. More


Kolkata engg college launches B-school courses
THE JIS College of Engineering (JISCE), a private educational institution in Bengal, has launched management courses. The institution launched its Centre for Management Studies with full time 2-year master's and 3-year bachelor's in business ... More

9 new courses at SISI legal centre
THE Small Industries Service Institute (SISI) is introducing nine law management courses at its legal training centre in Guindy, Chennai. The courses will deal with management of laws relating to C& F, exim practices, travel, courier, tax and ... More

  • Reservation for Kannada students
  • Karnataka move to help school dropouts


    Car sales go up 8.7 pc in July — Maruti logs negative growth
    ON account of the growth witnessed by Fiat, Tata Engineering, Hyundai and Honda Siel, domestic car sales increased by 8.7 per cent in July to 43,427 units from 39,938 in July 2001. However, market leader Maruti and Ford saw negative growth in ... More

    Car market shifting gear; end of the road for Maruti 800?
    FROM A to B to C... This is what the car manufacturers in India are hoping will happen to the car market in the country as purchasing power increases and aspiration levels go up. The manufacturers are convinced that the passenger car market in ... More


    FDI at $2.51 b sets new record in H1
    Official sources told Business Line that "the impressive growth" of 86.25 per cent during the first half of 2002 was net of ADRs/GDRs and this record increase has supervened at a time when global FDI flows have waned considerably due to the c ontinued uncertainty in the global economy. More


    28 blocks selected for TN wasteland development
    TWENTY-eight blocks in ten districts, with suitable watersheds, have been identified for the comprehensive wasteland development programme. The project is estimated to cost Rs 1,485 crore and was announced by the Tamil Nadu Government in its ... More

  • Karnataka Govt urges Centre to expedite Rozgar funds


  • Bangalore Engagements
  • Thiruvananthapuram Engagements
  • Chennai Engagements


    Software exports from STPI units up 47 pc
    DESPITE economic slowdown impacting the technology industry, software exports from units in the Software Technology Parks of India (STPI) grew by 47 per cent to touch Rs 29,523 crore during 2001-02 against Rs 20,051 crore in the previous year. ... More

    EIC portal launched; quality in trade stressed
    THE significance of quality in global trade and the growing number of international standards on conformity assessment has brought to the fore the important role of certification and testing in helping India gain access to overseas markets. This ... More

    CII meet to help boost exports of SMEs
    TO help small and medium enterprises tap the export market, a move that will also help them beat the recession in the domestic market, the Confederation of Indian Industry (CII) - Southern Region, is organising a two-day conclave that will ... More


    Karnataka to be aggressive on tourism promotion
    THE Karnataka Government will follow an aggressive marketing strategy to carve out a bigger share of the domestic tourism market, according to Mr I. M. Vittalamurthy, Commissioner of Tourism, Karnataka, and Managing Director of the Karnataka ... More

    KSIDC signs pact with Bahrain firm for tourist village
    KERALA State Industrial Development Corporation (KSIDC) has signed an MoU with Mahanami Hotels and Resorts of Bahrain to set up an international tourist village in the State. Mr Jiji Thomson, Managing Director of KSIDC, signed the MoU on behalf ... More

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  • Top Stories
    FDI at $2.51 b sets new record in H1

    UTI will honour every commitment, says Damodaran

    Retail investors hold 72.61 pc of UTI assets

    Oilmeal supply seen tight on rising domestic demand

    Morgan Stanley cuts forecast to 4.7%

    Car market shifting gear; end of the road for Maruti 800?

    Software exports from STPI units up 47 pc

    The racket of water cooperatives

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Aug. 4-Aug. 10
    India Inc upbeat despite drought

    Synthetic textile exports up 32 pc in April

    Perquisites for official purposes not to be taxed — Onus on employer to furnish details

    At lower price realisations... Earning even a small profit is achievement for cement cos

    Manipur: `Jewel of the East' or `Wild East'?

    Oil dealership issue may end up in court — `Arbitrary cancellation not possible'

    Business confidence `significantly' up

    Patni Computer among 18 FDI plans cleared

    No investment limits on new tax-free bonds

    Hopes of turnaround seen in readymade garment exports

    HPCL says not interested in MRPL preferential offer

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