Financial Daily from THE HINDU group of publications
Thursday, October 02, 2003
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


`Cycer' brings showers in Thiruvananthapuram
THIRUVANANTHAPURAM: An upper air `cycer', traced to the Kanyakumari skyline late on Wednesday evening, brought welcome showers to the capital city after an unusually hot spell raised mercury levels in the drought-prone interiors of the ... More

AWARDS & HONOURS


Applications for energy conservation awards called
THE State Government has invited applications for the `Energy Conservation Awards 2003'. Administered by the Thiruvananthapuram-based Energy Management Centre, the awards are given in five categories that cater to different ... More

ECONOMY


Workplace stress stunts GNP growth: Study
A STUDY on stress levels among middle-level managers from 96 leading companies in India and Kenya has shown that tension at the workplace could well have a cascading negative impact on the gross national product (GNP). Prof V. Mukunda Das, ... More

HOTELS


AP hoteliers vow not to employ children
GIVING a boost to the anti-child labour campaign, hundreds of hoteliers on Wednesday vowed not to employ, directly or indirectly, children below the age of 14 years in their hotels, restaurants, tea kiosks and bakeries. Joining hands, the ... More

PETROLEUM


ONGC to pay $135 m for Cairn oil blocks
OIL and Natural Gas Corporation Ltd (ONGC) and Cairns Energy Plc have signed agreements to exchange oil and gas exploration blocks in the ownership of one another. While ONGC will buy two blocks, it will sell one to Cairn. The transaction will ... More

Ethanol-blended petrol launched across Karnataka
KARNATAKA has become the first State in the South to launch ethanol-blended petrol across the State. The recent launch of supply of 5 per cent ethanol mixed fuel from the Devanagonthi Oil Industry Terminal complex has ensured the supply of ... More

POWER


Tata Power asks MERC to sign PPA with BSES
TATA Power Company has asked the Maharashtra Electricity Regulatory Commission to direct BSES Ltd (now Reliance Energy Ltd) to enter a power purchase agreement with TPC, in its annual tariff proposal filed on Wednesday. In its estimates of ... More

TAXATION


  • AP Maha Bill scheme

    TEXTILES


    Pdexcil seeks Nabard-like institution
    THE Powerloom Development and Export Promotion Council (Pdexcil) has suggested setting up of an exclusive institution on the lines of the National Bank for Agriculture and Rural Development (Nabard) to meet the financial needs of the ... More

    Textile traders set to make Bengal export-import hub
    Mr Pramod Modi, Chairman of international trade committee of the chamber, is believed to have explained to the members that knit fabric in cotton and synthetic has opportunities to grow in Bengal. More

    RADIO/TV


    Zee to launch DTH without other major broadcasters on board
    IT is known to be a revolution in television broadcasting and is expected to provide the viewer a choice of several hundred channels. But the Subhash Chandra promoted ASC Enterprises, which commences its direct-to-home (DTH) operations on October ... More

    Consumers irked at monthly CAS bill, says survey
    CHENNAI may be the only saviour for the Government as far as implementation of the conditional access system (CAS) is concerned, but the major concern of consumers continues to be the high monthly bill. According to an Information and ... More

    EDUCATION


    Welingkar Institute to open Bangalore chapter
    THE Mumbai-based Welingkar Institute of Management Development and Research is all set to open its gates in Bangalore soon. Explaining the reason for its focus on Bangalore, Prof V. Gibson, Associate Dean and Head, Welingkar School of ... More

    Nalsar varsity plans to go global; to offer courses in corporate law
    THE Nalsar University of Law here is firming up plans to go global and offer courses in corporate law and insurance soon. "We are thinking of having a law school campus at the BITS Dubai Centre and have initiated discussions", Prof Ranbir ... More

    BEVERAGES


    `EU water norms for finished beverages will be tough to follow'
    MUCH water, indeed, has flowed under the bridge since the controversy over pesticide residue levels in beverages broke out in early August. While the Government has constituted a Joint Parliamentary Committee to recommend criteria for ... More

    GEMS & JEWELLERY


    Modi wants Surat to emerge as `jewellery city'
    THE Gujarat Chief Minister, Mr Narendra Modi, wants diamond city Surat to emerge as a `jewellery city' in the years to come. Although Gujarat had made a mark in cutting and polishing of diamonds, there was a lot of untapped potential in the ... More

    LEATHER


    CLE planning strategy to boost exports to Russia
    According to estimates, Russian imports are in the range of $400 million. But actual imports are only $1,000 million since a substantial portion of the market comprises grey imports. More

    NEWSPAPERS & PUBLISHING


    A very good paper but a very bad habit
    The 125-year-old Hindu must look to its hoary heritage and formidable pedigree to keep up with the times. More

    Indian publishers to take part in Frankfurt fair
    THE Federation of Indian Publishers (FIP), the apex body of book publishing companies, today announced that the forthcoming Frankfurt Book Fair, to be held from October 8-13 at Germany, will see the largest number of participants ever from the ... More

    DISINVESTMENT


    Ministry moots six options for HPCL, BPCL sell-off
    THE Ministry of Disinvestment (MoD) has mooted six options to counter the Supreme Court judgment that has sought Parliamentary approval for privatisation of Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL). ... More

    Andrew Yule revival plan to CCD for clearance
    THE Rs 170-crore restructuring and revival package for Andrew Yule Ltd, a Government enterprise, now cleared by the Department of Heavy Industry, is likely to come up at the CCD meet on October 3. The plan calls for upgradation of manufacturing ... More

    CREDIT MARKET


    Banks disburse Rs 1,982 cr to priority sector in Kerala
    THE commercial banks in Kerala disbursed Rs 1,982 crore as advances to the priority sector in Kerala till June 30 in the current year. The banks have targeted to disburse total advances of Rs 10,495 crore to the priority sector in the State in ... More

    E-GOVERNANCE


    GIS meet in Hyderabad
    ANDHRA Pradesh will soon become the first State in the country to allow licensed surveyors from the private sector to work in the updating of land records, a move which will create expertise and save money for the Government. The decision is ... More

    EVENTS


    `String together technical, commercial interests'
    FINANCE, production and logistics, marketing, sales and human resources management are no longer information islands. They are increasingly pooled within the corporate flow of information, according to Dr Hasso Drathen, General Secretary of NAMUR ... More

    Kalam to visit Hyderabad
    THE President, Dr A.P.J. Abdul Kalam, will mingle with about 400 children from six schools in the twin cities, answering their questions on October 3. The President will spend about 45 minutes with the children, beginning at 9.30 am, at Indira ... More

  • Auto Agro Fair
  • Hyderabad Engagements

    INCOME TAX


    Returns filing date extended to Oct 3
    THE Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax returns by individuals, Hindu Undivided Families (HUF) and other non-corporate assessees whose accounts need not be audited under the Income Tax Act, ... More

    EXPORTS & IMPORTS


    Export growth slows in Aug — April-Aug trade deficit zooms to $6,044.68 m
    CONTRARY to the salutary export trends noticed throughout last year, exports during the first five months of the current fiscal have registered a moderate growth of 9 per cent and a relatively meagre growth of 4.19 per cent during August, the ... More

    BEARINGS, CASTINGS & FORGINGS


    Foundrymen plea to cut import duty on pig iron
    THE Institute of Indian Foundrymen (IIF) is pushing for a reduction in import duty on pig iron to bring down prices, and for development of foundry clusters to enhance competitiveness of small and medium units, according to a press release from ... More

    PEOPLE


  • New Director for IICT
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    Pick a Winner Stock Market Contest

    Top Stories
    `EU water norms for finished beverages will be tough to follow'


    Sick cos in IDBI, IFCI portfolio up

    Zee to launch DTH without other major broadcasters on board

    Export growth slows in Aug — April-Aug trade deficit zooms to $6,044.68 m

    In Focus
    Cola Controversy
    The Cable tangle
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Swati CA
    In Kashmir
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance

    Looking back
    Sep. 21-Sep. 27
    If domestic companies get level playing field ...
    `WTO-bound 20 pc duty on paper products not a threat'


    `£10 b Indo-UK trade target attainable'

    Better services key to alleviate poverty: World Bank

    ISRO says 2-tonne satellite a safe bet

    Have you left a will? It's time for estate planning

    `Poor show by infrastructure sectors bucks growth trend'

    Cotton textile exports up 8 pc

    Biotech sector set to grow 25-30 pc: Survey

    Readymade garment exports up 2.2 pc in first-half

    Now, text can be heard as speech over telephone


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