The Hindu Business Line : Friday, March 12, 2004

AWARDS & HONOURS
ICFAI faculty members win awards in case competition
TWO of the faculty members of the ICFAI Centre for Management Research, Mr A. Mukund and Ms A. Neela Radhika, have bagged the top award in the Eighth Regional Asia-Pacific Case Writing Competition for their case on the Japanese telecom giant ... More

ECONOMY
Inflation to stay below 5-5.50 pc: Reddy
INFLATION is expected to stay below 5-5.50 per cent level at the end of the current fiscal, said Dr Y.V. Reddy, Governor, Reserve Bank of India. The apex bank had earlier pegged the inflation forecast to be between 4 per cent and 4.50 per cent ... More

Congress chargesheet on NDA govt's 'failures'
"Too much tom-tomming of a growth in a quarter in the financial year would not mean any shine for the economy or the people." More

Global fiscal body opens Hyderabad chapter
THE Indian branch of the Netherlands-based International Fiscal Association (IFA), a forum for discussing international tax issues, has announced the expansion of its activities in the country by opening its Sub-Chapter at Hyderabad. ... More

ENVIRONMENT
Concern over misuse of natural resources in coastal areas
Industrialisation, improper land use, unsustainable economic activities and overexploitation of natural resources have adversely affected the coastal environment. More

FOREIGN TRADE
FIEO signs MoU with Irish exporters' body
THE Federation of Indian Export Organisations (FIEO) has signed a memorandum of understanding with the Asia Trade Forum of Irish Exporters' Association in Dublin recently. Talking to Business Line here recently, Mr G. Balachandran, ... More

HEALTH
Workshop on angioplasty in Hyderabad from March 20
A TEAM of cardiologists from India and France will demonstrate live to a gathering of 300 cardiologists from across the country the advantages of angioplasty through wrist (a technique of radial artery) at a two-day workshop to be held here from ... More

PETROLEUM
GSPC issues LI to Saipem for offshore oil rig
GUJARAT State Petroleum Corporation (GSPC) has issued a Letter of Intent (LoI) to Saipem SPA, part of ENI, Italy for hiring out its oilrig for a period of 200 days. The rig, Saipem Perro Negro III, would has been contracted for drilling four ... More

Reliance seeks to share HPCL's Delhi-Mundhra pipeline
RELIANCE Industries Ltd (RIL) has sought to book pipeline capacity in Hindustan Petroleum Corporation Ltd's proposed Delhi-Mundhra petro-product pipeline. RIL has proposed reservation of 0.5 million tonne capacity in the first year, going up to ... More

Petronet proposes terminal at Mangalore — Hopes to team up with ONGC
PETRONET LNG Ltd (PLL) is planning to set up a five-million-tonne liquefied natural gas (LNG) import terminal at Mangalore, literally in the backyard of likely customer Mangalore Refineries and Petrochemicals Ltd (MRPL). Petronet, which just ... More

BG India to invest $140 m in Panna
BRITISH oil major BG India on Thursday said it would, with partners ONGC and Reliance, invest $140 million for expansion and incremental oil recovery from the Panna oil field in India's western offshore. The development plan comprises ... More

POWER
Rolls Royce in talks with Reliance for gas kit supply
THE UK-based Rolls Royce has begun discussions with Reliance Industries Ltd for supply of equipment for distributing gas to end users and power generation. Speaking to reporters here on Thursday, Mr Tim Jones, Managing Director, Rolls Royce ... More

TN chamber obtains interim stay on 5 pc electricity tax
THE Tamilnadu Chamber of Commerce and Industry has obtained an interim stay over its writ appeal filed before the Madras High Court Bench, restraining the Tamil Nadu Electricity Board from levying, demanding and collecting five per cent ... More

TEXTILES
TN spinners eager to invest in weaving machines
MANY stand-alone spinners in Tamil Nadu's cotton dominated textile sector have taken to investing on weaving in recent months. The motivation behind their `unintended' forward integration plans is clearly the soft-loan package these spinners ... More

RADIO/TV
NDTV readies IPO; sees competition from DD
THE private news broadcaster, New Delhi Television Ltd (NDTV), readies itself for an initial public offering to raise Rs 109 crore with a concern alongside that viewers and advertisers could shift to Doordarshan News, the 24-hour news channel of ... More

Indo-Pak cricket series: Madras HC reserves order on plea for telecast rights for Prasar Bharati
THE Madras High Court on Thursday reserved orders on petitions seeking broadcast rights for the Prasar Bharati for the coming Indo-Pak cricket series. Earlier, while hearing the petitions, the Chief Justice, Mr B. Subhashan Reddy, wondered as ... More

EDUCATION
Kerala puts SSLC textbooks on Internet
FROM the next academic year (2004-05) onwards, all textbooks for students of class 10 in Kerala will be available on the Internet. Textbooks for students studying in schools where Malayalam or English is the medium of instruction are already ... More

GEMS & JEWELLERY
Gem exporters seek trade avenues in WANA region
INDIA is exploring West Asia North Africa (WANA) region for gems and jewellery sector, Mr Sanjay Kothari, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC), has said. A nine-member trade delegation of the council led by Mr ... More

REAL ESTATE & CONSTRUCTION
Construction sector to go on strike against price hike in cement, steel
THREE real estate developer associations have called for a nation-wide strike on March 15 this year, in protest against the recent hike in cement and steel prices; they have also demanded that the Government reduce import duty on these items. ... More

PHOTOGRAPHIC & ALLIED PRODUCTS
Click & Print service from Hutch
THE Hutch group in India, in alliance with Nokia and Kodak, has introduced a service which allows users to click pictures on their camera phones, have them printed and delivered anywhere in the country within five working days. A service fee of ... More

CINEMA
New Malayalam film chamber constituted
AN association of film producers, artistes and workers, styled Malayalam Film Chamber of Commerce, has been constituted in the State with the avowed objective of keeping unity among members of the film industry and to work for their economic, ... More

DISINVESTMENT
Govt hopes to mop up Rs 1,50,000 cr through divestment
THE Government on Thursday indicated that it would cash in on the buoyant stock market to raise as much as Rs 1,50,000 crore a year through public offers of State-owned units. "We got overwhelming response to these IPOs without much marketing. ... More

EVENTS
CISF Raising Day fete
HYDERABAD: The Central Industrial Security Force (CISF), now in charge of security of 47 airports in the country, including international airports, is all set to take over the security of the remaining 18 by the end of 2004. Giving this ... More

Porcelain expo extended
HYDERABAD: The expo showcasing a range of porcelain products from China's Jingdezhen province of China, has been extended for five more days. According to Mr Hu Song, the exhibitor said the expo had been received well. Jingdezhen is ... More

In Hyderabad today

INCOME TAX
I-T refunds through ECS
INCOME-TAX refunds will now be credited electronically through RBI's electronic clearing system (ECS). The central bank in a notification addressed to chiefs of banks said, "The Government has since taken a decision to implement ECS credit for ... More

EXPORTS & IMPORTS
`Tech, HRM key for driving exports in developing nations'
THE current global trading environment, technological development and human resource management are potentially the most dynamic factors for export growth, particularly for developing countries, said Dr Eduardo Aninat, former Deputy Managing ... More

TOURISM
Into the sunset
Passenger ferryboats like this one have been part of Kochi for over four decades now. With the completion of the Goshree bridges, they will run out of job. The boat owners are planning to convert several of them into beer parlours aimed at ... More