Financial Daily from THE HINDU group of publications
Saturday, December 14, 2002
Markets (Dec. 13)
BL 2501122.80 (+8.82)
BSE Sensex3342.97 (+18.49)
S&P CNX Nifty1086.20 (+9.20)
Dollar (Buy/Sell)48.13/48.26
Gold Std (10 gm)5450 (+110)

Port Info


Group Sites



CII study sees higher growth in H2
BUSINESS confidence that had strengthened during the beginning of the year has not weakened despite the sluggish monsoon and the prevailing uncertainty in the global economy. This has been indicated in the 58th business outlook survey ... More

Economic growth versus social impact
IN a rare chat on the social fall out of globalisation in the sanctum sanctorum of the Indian financial system, Prof Jagdish Bhagwati, who teaches at the Columbia University, favoured a small surcharge (four per cent) on Indian NRIs to compensate ... More

Globalisation best way to erase poverty, says Prof Bhagwati
DIE-HARD globalisation advocate, Prof Jagdish Bhagwati has said that economic globalisation was perhaps the best way, if not the only one, to reduce poverty and promote egalitarianism in society. Delivering the 12th C.D. Deshmukh Memorial ... More


HC asks AP Govt to scrap Hepatitis-B vaccine tender
THE Andhra Pradesh High Court has directed the State Government to scrap tenders floated for the procurement of Hepatitis-B vaccine supplies for the $ 25-million vaccination programme being funded by the Bill & Melinda Gates Foundation. The ... More


Focus on Bangalore outskirts
BANGALORE: Outskirts of Bangalore city will gain focus from the Government with a concerted approach to develop infrastructure. The Government, which felt there was a need for developing the region as it was rapidly expanding, has a ... More


Bengal Govt set to take on power regulatory body
WITH only days to go before the West Bengal Electricity Regulatory Commission's (WBERC) expected announcement regarding the CESC tariff, the State Government kept its gunpowder dry — ready to fire a salvo in the High Court — and ... More


Tax administration in for major revamp
IF the Finance Minister, Mr Jaswant Singh, has his way, the tax administration could be in for a major overhaul, including outsourcing of some of the functions of the Revenue Department. The Minister also wants the Budget-centric approach ... More


Tyre cos planning more rubber imports
TYRE companies in the country are planning to substantially increase their quantum of natural rubber imports. The move to contract more imports is aimed at containing the current flare-up in the prices of RSS 4. "ATMA member companies are ... More


Steps to promote `water literacy'
MANGALORE: The role played by soil, water and forests in our environment needs to be correctly understood and the first step in this process of understanding is to promote `water literacy' among the people, according to Mr Shree ... More


Passenger car sales rise 7.6% in November
DOMESTIC passenger car sales increased by 7.6 per cent in November on the back of growth posted by automobile majors Hyundai, Maruti, Tata Engineering and Honda Siel. Total passenger car sales rose to 41,140 units in November from 38,220 units ... More


Inspector raj has to end: PM
THE persisting problems in fiscal consolidation at the Centre and State, the slow implementation of reforms in the power sector and on the labour front and the pace of infrastructure investments are cause for worry for the Prime Minister, Mr A.B. ... More


India gets smart to MEMS potential — To set up fabrication centre at Bangalore
INDIA may have missed the silicon bus, but it is trying hard to make up with small, smart materials called MEMS — currently a multi-billion-dollar research pursuit across the globe. The Government and industry will jointly set up the ... More

PM to participate in ISC meet
NEW DELH: Space scientists from NASA, Ariane, European Space Agency, among others, will participate in the 90th Indian Science Congress to be held in Bangalore in early January. The five-day mega-event on science, co-hosted by the ... More

New technology lab set up
HYDERABAD: A new control technology lab at the Advanced Training Institute, set up under the high-tech training scheme of the World Bank-assisted vocational training project has been inaugurated by Ms Asha Murthy, Director General, ... More

Naidu's nod for GIS centre
HYDERABAD: The Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has agreed to support a centre of excellence in Geo Information Technology. A proposal for such a centre was made to him by a delegation of Indian and Russian GIS ... More


Empower women for progress: Kalam
"THE country's GDP is 5 per cent and there is need to double it in the next decade. It can be done if thrust is given to education, agriculture, food processing, communications and infrastructure," said the President, Dr A.P.J. Abdul Kalam, here ... More


Nalco due diligence may resume after civic polls
THE due diligence process for disinvestment of state-owned National Aluminium Company (Nalco) will resume around the end of January after municipal elections in Orissa are over, according to Government sources. The process of restarting the due ... More

Reliance may bid for HPCL
RELIANCE Industries Ltd (RIL) may bid for a stake in Hindustan Petroleum Corporation Ltd (HPCL), the RIL Chairman, Mr Mukesh Ambani, said here. "Yes. Sure. Let us see the Government policy in detail," Mr Ambani told newspersons, when asked ... More

TotalFinaElf in race for HPCL
THE world's fifth largest oil company, TotalFinaElf, is "in the race'' for buying a stake in the State-owned Hindustan Petroleum Corporation Ltd. A team of officials from the multinational's Paris headquarters will be here next month to review ... More

Nalco not a natural asset co, says Baijal
THE process of disinvestment in National Aluminium Company Limited (Nalco) need not have to wait till the Ministries of Disinvestment and Finance frame guidelines for sell-off in natural asset PSUs as a section within the Government feels that ... More


The real Beautiful Mind, John Nash, coming
REMEMBER Beautiful Mind, in which Russell Crowe plays John Forbes Nash Jr, the brilliant mathematician and Nobel Laureate in economics, who turns a paranoid schizophrenic at the pinnacle of his career? That Beautiful Mind is now actually ... More


PF office next month in Karimnagar dist
The office to be opened at Godavarikhani next month would work as a sub-office of the Regional PF office in Hyderabad. More


Kerala GIM projects attract Rs 4,800 cr worth of EoIs
THE Kerala Government has so far received expressions of interest for projects worth Rs 4,800 crore in the run-up to the forthcoming global investors meet in Kochi on January 18 and 19 next year. The Kerala State Industrial Development ... More


Empowering faceless women
SOME four years ago Neelima Kulkarni and three of her friends searched Kolhapur town an entire morning for information on the SHG-Bank Linkage Programme promoted by Nabard. But no banker in the co-operative or Government sector was of any help. A ... More

Regulatory system must for micro-finance bodies: Nabard
WHILE expressing certain reservations on the ability of non-governmental organisations (NGOs) in transforming themselves into micro-finance institutions (MFIs) on a sustainable basis, the National Bank for Agriculture and Rural Development ... More


Phone-in and test your skills; check leave position too
IT tells you your leave status, conducts employee surveys as well as tele-interviews. The HR services division of Parsec, Team Builder, has launched a HR automation package called Hello HR, which offers these customised services over the ... More


Bengal CM talks of trade union errors of the past
THE Chief Minister of West Bengal, Mr Buddhadeb Bhattacharjee, interacting with members of the CII National Council here on Friday, sent a clear message to potential investors in the State that the much-debated labour productivity in the State ... More


Break free of colonial mindset: Mukesh
INDIA needs to break free from its evolutionary mindset developed on account of its colonial past and strive to emerge as an economic superpower by targeting a topline GDP of $9 trillion over the next 20 years, the Chairman of Reliance Industries ... More

National vendor development meet
HYDERABAD: Small Industries Service Institute (SISI) in association with Industries and Commerce Department of the State and the Association of Lady Entrepreneurs of AP will organise a National Vendor Development Programme, ... More

Indus Expo generates Rs 2-cr turnover
HYDERABAD: Indus Expo 2002, the recently-concluded tech show for the small and medium enterprises (SMEs) here has generated a business turnover of around Rs 2 crore. A total of 17 machines valued at Rs 80 lakh were sold, according to ... More


Artisans lament lack of Govt patronage
The travel and transport allowances allotted to the artisans to market their products in national fairs and exhibitions had been withdrawn. More


I-T sops for housing will stay, says Jaswant
IT'S official now. The Government will not dispense with income-tax incentives for the housing sector in the ensuing fiscal. The Finance Minister, Mr Jaswant Singh, today told the Lok Sabha that the Government had no intention to reverse the ... More

LIFE is a win-win scenario
THERE are two things certain in life, they say. Death and taxes. And for the many who spend sleepless nights, it may not be death that daunts them but the taxman who stalks their nightmares. He is after our lives, the harried taxpayers fret ... More


Euro firm; but no cheer for most exporters
THE euro on Friday touched a high of 1.0225 against the dollar. Similar levels were last seen on July 21 when the euro was at 1.0210, after which it depreciated to as low as 0.96 in September. From there the currency has staged a steady climb. ... More

Petrapole customs station as land port suggested
The district magistrate, according to sources, will send a proposal to DoC for declaring Petrapole as the land port authority under the Foreign Trade Development and Regulation Act. More


Can FBI net the cyber-fugitive?
REMEMBER India's Most Wanted, the television programme that had the paranoid on the edge of their seats...till it turned out that the police believed that the gentleman anchoring it could, well, help them with their inquiries? Those who firmly ... More
Comments & Letters to the Editor to:
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Phone-in and test your skills; check leave position too

Can FBI net the cyber-fugitive?

Creating cyberspace in trains

Not much of China in these bazaars

Major rejig at NDDB on cards

LIFE is a win-win scenario

Economic growth versus social impact

Empowering faceless women

In Focus
Inside China

Gujarat Elections
Small Investor
In Depth
Gender Justice
Simple Economics
India Interior
Looking back
Dec. 1-Dec. 7
`Almatti height may hit AP power generation'

GE Shipping hoots past SCI disinvestment

Development data report shows AP in poor light

Sugar import norms tightened

Low funds, strict laws plague medicinal biotech sector

ATMA members' H1 exports touch Rs 485 cr

Direct tax receipts slow down in April-Nov period

Farm, allied products boost export growth — Plantations, leather fare poorly

Govt to review Centaur deal if found illegal

Of ayurveda and farmers' rights

Steep rise in foreign currency export credit during Apr-Nov

ONGC, Iffco-Kribhco may be allowed to bid for HPCL

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