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Sunday, October 12, 2003

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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping probe into cyclohexanone imports
AFTER caprolactam, it is now the turn of cyclohexanone, a chemical intermediate used in the manufacture of caprolactam, to come under the lens of the anti-dumping directorate. Caprolactam is used in the manufacture of nylon-6. Based on the ... More

ECONOMY


Marked-to-monsoon
THE good monsoon has added its bit to the rising stock market. But in what is a common failing of a bull market, the good tidings are getting factored in too quickly. Good monsoon effect: Anticipating a ... More

FOREIGN TRADE


Hong Kong lures Indian business
REALISING the country's growing interest in the Chinese market, Hong Kong has made a strong case for itself as a favourable investment destination since it is one of the prime gateways for trade and investment into and out of the Chinese ... More

PETROLEUM


GSPC, Niko to pump Rs 330 cr into Hazira
GUJARAT State Petroleum Corporation (GSPC) and Niko Resources, the operating partner of the Hazira field, will be investing Rs 330 crore for ramping up gas output through an offshore drilling project. With the daily output from the Hazira ... More

'Differential pricing for petro products will hit growth'
DIFFERENTIAL pricing of petroleum products will have an adverse effect on industrial growth, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, said here on Friday. Companies are reportedly seeking differential pricing to beat private ... More

Govt to encourage pvt, public investments for gas grids
TAKING the cue from the successful execution of the 363-km Mangalore-Hassan-Bangalore (MHB) petroleum products carrier pipeline, the Government is planning to encourage massive investments by the private and public sectors for setting up a ... More

TEA


Tea: A cup that cheers no longer
OVER the past few years, the industry that provides us with a refreshing cuppa has been characterised by one dominant feature: The pressure to survive, what with profitability showing no signs of picking up to healthy ... More

Tata Tea: The sip that pays
THE tea industry is passing through a difficult phase. The ballooning costs and consecutive losses of many companies have dampened investor sentiments. Among the established large players, the market share in the ... More

Small brands, strong brew
IF TEA plantations are suffering from declining commodity prices and a glut in production, players in the branded (packet) tea market are not exactly having a good time either. Small, local players, through regional ... More

Reading the policy leaves
THE industry has been lobbying hard with the Government for additional sops and concessions to tide over the difficulties. So far, the changes have taken the form of an excise duty cut (in the recent Budget) and ... More

Strained by problems
BESET with structural problems for quite some time, the tea industry has felt their pronounced impact over the past couple of years. The key trouble spots for the industry are: Customer preferences shift: ... More

`We have never asked for help in the past'
Mr C. K. Dhanuka, Vice-Chairman, Indian Tea Association, and Chairman, Dhunseri Group of Industries, shares his views with Business Line on the outlook and issues ailing the tea industry and the industry's expectations from the ... More

COAL


Prospects seen bleak for domestic coking coal
A DROP in world steel production and oversupply of coking coal, along with an improvement in steel making technology, may contribute to the downward push in the prices of metallurgical grade coking coal used by the steel plants for making coke. ... More

CARS


Come Diwali. Drive new car models
CONSUMERS who are looking to buy a new car this festive season would do well to wait till next week before making their purchase. The week before Diwali will see at least four new models/variants being rolled out in the market. This includes a ... More

HCV/LCV/TRACTORS


Tractor industry sees growth after 3 years
THINGS are finally beginning to look up for the tractor industry. After seeing a continuous decline for three consecutive years, the industry finally registered growth during September. "The industry grew by about 2-3 per cent in September ... More

PRECIOUS METALS


GOLD & SILVER: How to trade their futures
FUTURES contracts in 2 precious metals — Gold and Silver as approved by Forward Markets Commission are available for trading with effect from October 3, 2003. The futures contracts will remain open concurrently for 3 months (December 2003 ... More

TEXTILE MACHINERY


Textile machinery sector seeks task force to study woes
THE domestic textile machinery industry is urging the Government to set up a task force under the chairmanship of the Textile Commissioner to study the industry's problems and make recommendations to strengthen it. Speaking at the second ... More

CINEMA


Film exporters look to Japan, Chinese markets
THE Cannes Film Festival is not just about movies, but is also about business. And at the ongoing International Film Festival of India (IFFI) too, business is high priority. But if you expected the who's who of the Indian film industry to be ... More

DISINVESTMENT


Buying stake in HPCL — Ministry asks IOC to send written proposal
WITH the Indian Oil Corporation (IOC) expressing intent to pick up equity stake in Hindustan Petroleum Corporation Ltd (HPCL) or Bharat Petroleum Corporation Ltd, the Petroleum Ministry has asked IOC to send a written proposal, even as the ... More

FOREIGN DIRECT INVESTMENT


FIPB clears Sucden plan to import raw sugar for re-export — Food Ministry's objection overruled
The French firm's main aim of establishing the subsidiary is to purchase sugar directly from the various factories to consolidate quantities from supplying mills and achieve better quality and logistical control. More

ENTREPRENEURSHIP


Centre to grant industrial licences for strategic sectors
THE Union Government has decided to grant industrial licences (ILs) to entrepreneurs directly against their applications for projects in the licensed sector. This step is expected to facilitate the entrepreneurs to ensure speedy implementation ... More

EXPORTS & IMPORTS


To expand trade with CIS nations — Exporters urged to use North-South Corridor via Iran
THE Commerce Ministry has urged exporters to fully utilise the international `North-South Corridor' developed through Iran, which would not only ensure cost savings but also help expansion of trade with the CIS countries. The corridor, ... More
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Of tears... and smiles


Come Diwali. Drive new car models

Tractor industry sees growth after 3 years

Textile machinery sector seeks task force to study woes

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
Oct. 5-Oct. 11
Asian currencies: New global scapegoats

Engg goods post 53 pc growth — Gems exports fail to shine in Apr-May

`VAT is the key for economic growth'

8 pc GDP growth possible this year, says Lahiri

Oilmeal exports may top 35 lakh t

Project finance: Investors are still playing safe

`India, Thailand need to widen trade basket'

8% growth target difficult without reforms: NCAER

Protecting the migrant workers' interests

Rise in global prices, demand for exports — Fall in cotton prices likely to be capped


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