Financial Daily from THE HINDU group of publications
Sunday, November 17, 2002

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

INDUSTRY & ECONOMY

INVESTMENTS


Small is bountiful
GIVEN a choice between buying shares of Hindustan Lever and Marico Industries, which one would you buy? If you picked Hindustan Lever, you made the wrong choice. If recent evidence from the stock market is anything to go by, the riches, it would ... More

Anomalies in the real world
EQUITY shares represent some of the riskiest of investments. By buying an equity share, one gets to be part-owner of a company (the ownership is limited to the extent of equity one holds). Like any owner, a shareholder has the right to the ... More

Tamil Nadu Power Finance — Nothing electrifying
THE one-year fixed deposit programme of Tamil Nadu Power Finance and Infrastructure Development Corporation could be a good option for investors with a penchant for risk. TN Power Finance, a Government of Tamil Nadu enterprise, provides ... More

UTI Variable Investment Scheme: Unattractive
INVESTMENTS in UTI Variable Investment Scheme need not be considered. UTI-VIS is a tactical asset allocation plan. The investment objective is to shift allocation between equities and debt. This will be done depending on the attractiveness or ... More

The new Sonata — Increased power
THE untiring efforts of automobile companies at incorporating new technologies into their cars to make them more driveable, comfortable and safe have progressively lead to more and more technological features leaving the realms of science fiction ... More

Money-back plans — Funds in times of need
A Few weeks ago, we had looked at the Money-back plans offered by a few private insurance players. This week, we will examine the Money-back plans offered by three other private players — Allianz Bajaj, ING Vysya and AMP Sanmar — ... More

Capital gains bonds to yield less
THE capital gains bonds offered by National Housing Bank is the latest to lower the interest rate on offer. The coupon rate for the bond issue, which opened on November 11, has been fixed at 6.5 per cent per annum, payable annually. The bank had ... More

New Safari from Tata
Tata Engineering has launched a new range of premium sports utility vehicles — the Tata Safari EX and LX. The models have more customer friendly features. The Safari EX is priced at Rs 9.23 lakh for the 4x2 version and Rs 10.16 lakh for the ... More

AWARDS & HONOURS


Frontline reporter gets Natali award
DR Asha Krishnakumar, Special Correspondent, Frontline, has won the prestigious 2002 Lorenzo Natali Prize for Journalism in the Asia-Pacific region for "excellence in reporting human rights, democracy and development". The prize, ... More

Nominations invited for earth care award
NEW DELHI: Bhoovigyan Vikas Foundation has called for nominations from Indians and non-resident Indians for its academic awards in water resources development, science and technology for promotion of earth care and sustainable development. ... More

ECONOMY


Backlog of Bills before Parliament
HEAVY backlog of important economic Bills and legislations marks the winter session of Parliament scheduled for November 18 with the National Democratic Alliance (NDA) Government facing increasingly strident anti-reform pronouncement from within ... More

Bank credit up Rs 6,351 crore
BANK credit increased by Rs 6,351 crore to touch Rs 6,79,885 crore for the fortnight ended November 1, 2002. This includes both food credit, which grew by Rs 2,708 crore, and non-food credit, which grew by Rs 3,643 crore. According to the ... More

PSU


PSU stocks — Bizarre are the ways of Govt
ONE normally expects the owner of a company to take actions that seek to maximise the value of shareholders without in any way affecting the interests of other stakeholders. But if the owner is the Government of India, one can safely expect ... More

PETROLEUM


Oil PSUs may have to shell out Rs 2,500 cr to bridge tax gap
THE Finance Ministry is planning to seek Rs 2,500 crore from public sector oil companies in the form of special dividend to help bridge the likely shortfall in tax revenues and disinvestments receipts, according to a top Finance Ministry ... More

TAXATION


How equity experts perceive Kelkar
THE Kelkar Committee's recommendations on direct and indirect taxes have raised a hornet's nest, with the general consensus being that it will hit the salaried, middle class group the hardest. The proposal to phase out home loan interest ... More

WATER MANAGEMENT


Tata Steel signs MoU with Vivendi Water
TATA Steel today announced that it has signed a MoU with Vivendi Water towards setting up a joint venture for providing a sustainable water service in Jamshedpur. The agreement was signed by Mr B. Muthuraman, Managing Director, Tata Steel and ... More

EDUCATION


AI joins hands with Kolkata biz school
AIR INDIA has joined hands with the Kolkata-based Indian Institute of Social Welfare & Business Management (IISWBM), the country's oldest business school, to set up a Centre of Excellence for Tourism & Travel Management Studies at the institute. ... More

HCV/LCV/TRACTORS


Over the hump, at last
THE fortunes of the Rs 15,000 crore commercial vehicles industry are on the ascendant once again. After a terrible two years of negative growth, volumes are looking up this fiscal. The industry has clocked an impressive 31 per cent rise in ... More

Will it remain a cosy club?
THE commercial vehicles industry, especially the heavy vehicles segment, has remained a cosy club of two — Tata Engineering and Ashok Leyland. The light vehicles segment has been exposed to multinational competition since the mid-1980s when ... More

Off the median
THE commercial vehicles industry appears to be in the midst of a shift in either direction from the median range of 16-tonne vehicles. Demand is moving upwards into the 20-25 tonne, multi-axle range even as light commercial vehicles in the ... More

`Medium-term growth would be 5-6%' — Interview with Mr Ravi Kant, Executive Director (CVBU), Tata Engineering
EMERGING from a difficult period, Tata Engineering, the dominant player in the commercial vehicles industry, is now busy launching new and improved products. In this interview, the man driving the commercial vehicles business, Mr Ravi Kant, ... More

SCIENCE & TECHNOLOGY


NRSA shelves data sale pact with BPL
A THREE-YEAR pact between BPL Innovision and National Remote Sensing Agency for selling satellite data among corporate GIS users has become a non-starter. The Hyderabad-based NRSA, a Department of Space arm, that handles terrestrial data sales ... More

India to play major role in ocean, climate research
INDIA is set to emerge as the hub of activity for ocean and climate related research and services in the Indian Ocean region, which has 50 countries and nearly 25 per cent of the world population or over 1.5 billion people living around it. It ... More

SMALL SAVINGS


EPF: Investors should have greater say in investment pattern
CAPITAL protection and growth in income, in that order, should be the principles guiding any change in investment norms for employee provident funds (EPF). In addition, changes in investment norms must be part of comprehensive changes in the ... More

WTO


British envoy for radical agenda to open up trade in WTO talks
CALLING for a new deal for the global economy that seeks to build a "virtuous circle of stability, growth and development," Sir Rob Young, British High Commissioner in India, has said that it was essential to resist protectionism and pursue a ... More

EVENTS


`Promote neem on global arena'
NEEM may have been recognised by the Persians as the "free tree of India"; but much more needs to be done to promote it in the global arena, according to experts working on the subject. "While the world is familiar with the tea tree of ... More

INCOME TAX


Kelkar Commitee Recommendations — Enhancing taxpayer satisfaction
IMPROVEMENT of taxpayer satisfaction has been given considerable importance by the task force headed by Dr Vijay Kelkar. To achieve this objective, the task force has recommended that quality service should be provided to the taxpayer, whom the ... More

Tax rebates removal, a breach of trust: Experts
DIRECT tax experts are of the view that the Kelkar panel recommendations in the consultation paper on direct taxes presented to the Government, while suggesting many useful changes, may also have tread on some dangerous areas. In the area of ... More

NATURAL CALAMITIES


Rs 2,000-cr drought relief package
THE Centre today approved a Rs 2,000-crore relief package for drought-affected States under the National Calamity Contingency Fund (NCCF), apart from allocation of five lakh tonnes (l.t) of additional foodgrains to Rajasthan and one lakh tonne to ... More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Top Stories
`Promote neem on global arena'


Public floats may come under tougher scrutiny

`Think coffee' pilot project launched

Tax rebates removal, a breach of trust: Experts

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 10-Nov. 16
Investment pattern of EPF monies in for change

Trials on AIDS vaccine early next year

3 crore Indians are diabetic: WHO

Business confidence at June level: NCAER

CST phase-out from April 2004

Project investments flat in Sept quarter: Survey

Minister says SCI sell-off could be delayed further


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line