The Hindu Business Line : Sunday, December 07, 2003

Buoyant economy may drive construction sector growth
"The demand for domestic housing is yet to be tapped and as per projections, there is a shortage of about 40 million homes." More

POWER

Grid collapse affects Maharashtra, Gujarat
ALMOST entire Maharashtra and parts of Gujarat witnessed a blackout after the trunk 400-KV western grid lines transmitting power to the two States tripped at 12.21 p.m. on Saturday. At the same time, the Talcher-Kolar high voltage direct ... More

Koodankulam to have 4 more reactors
AFTER successfully starting joint work with Russia to set up two 1,000-MW nuclear power reactors at Koodankulam in Tamil Nadu, India is now working with France to explore the possibility of jointly establishing nuclear power plants in India. An ... More

STEEL

`US scrapping of steel tariffs a signal for other markets'
THE steel tariffs may lower, but is there more to read in the US decision than just better business? Over a year since the US imposed high steel tariffs, Dr J.J. Irani, Director, Tata Sons, and Chairman, Indian Steel Alliance, appears ... More

TAXATION

Tribunal to have 15 benches for direct tax matters
THE Union Government plans to initially establish 15 benches for direct tax matters and 10 benches for indirect tax matters under the proposed National Tax Tribunal (NTT). Each bench will have two members comprising a judicial member and a ... More

REAL ESTATE & CONSTRUCTION

Construction: Building on
FOR companies in the construction industry, 2003 has been an encouraging year. Their stock prices rose sharply and outperformed the broad market indices comfortably; a portfolio of five key stocks from this sector ... More

Laying the revenue foundations
THE construction industry has robust growth prospects if the Government continues to focus on developing the country's infrastructure at a faster pace than in the past. The following segments appear to hold good ... More

Pre-qualification spadework
The toll-based BOT model for constructing roads has, to a large extent, proved unsuccessful. More

Cracks in the wall
Only top-drawer borrowers manage to access funds from banks. This has forced many players to seek recourse to high-cost funds. More

`Pre-qualification criterion is a major challenge'
`Pre-qualification criterion in India, unlike in the other countries, require us to have undertaken a job of similar size and nature.' More

Shaky structure
NCCL: Buy (high risk)
IVRCL: Hold/Buy on declines
Madhucon: Hold More

SCIENCE & TECHNOLOGY

Cryo engine for GSLV satellite clears final test
THE indigenous cryogenic engine for the GSLV satellite launcher has passed its final qualification test. On Friday, the cryo engine successfully completed a 1,000-second endurance test. In actual flight, it is required to burn for 720 seconds, ... More

EVENTS

Rs 100-cr corpus for construction equipment bank
THE National Academy of Construction (NAC), Indian Infrastructure Equipment Ltd, promoted by SREI International Ltd, L&T Finance and Nagarjuna Construction Company Ltd, have teamed up to form a joint venture NAC Infrastructure Equipment Ltd, with ... More

ECONOMIC OFFENCES

CBI official held on graft charges
MR A. Sudhakara Rao, a Deputy Inspector-General of Police of the CBI, was arrested here on Saturday on a charge of demanding and accepting a bribe of Rs 5 lakh. A team of officials from New Delhi detained the DIG. According to Mr Sudhir Pratap ... More

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