The Hindu Business Line : Tuesday, April 27, 2004

INVESTMENTS
Behavioural finance as investment concept
BEHAVIOURAL finance is a new subject in the field of finance and is very popular in stock markets across the world for investment decisions. However, in India, this subject is not used too much in the stock market. But Mr Parag Parikh, Chairman ... More

`Dividend-yield' stocks in limelight
HIGH `dividend yield' (the return in dividend terms per unit investment) has become the new investment theme for investors, and the current political uncertainty is only reinforcing it. According to brokers and analysts, April-May is the right ... More

Investor confidence in NDA Govt high: Survey
AN on-line pre-election investor survey of the stock market by ValueNotes Database here, a leading provider of business intelligence and research across domains and customer needs, suggests that investor confidence in the present Government is ... More

ECONOMY
Celebrating Mumbai's resurgence
Finance is Mumbai's boom industry, fuelled by an explosive combination of economic growth, visionary technology and impressive human capital. Mumbai has size, safety and speed. By 2010, it will be the hub of a strong, growing regional capital and com modities market, says G. Ramachandran. More

Mumbai: Vibrancy its other name
WHERE is Mumbai's Central Business District? Ballard Estate? Nariman Point? Cuffe Parade? No longer, and nobody is sure. Where do the richest, and the most powerful, citizens of the megapolis live? Malabar Hill? Warden Road? No longer, and, ... More

`Mumbai personifies India's ability to cope' — Mr M. Damodaran, CEO, IDBI and UTI
DEFTLY cast, irreverence can be a useful charm. And Mr Meleveetil Damodaran, the burly chief executive of IDBI and UTI, does it with aplomb. "Every time I open my mouth, I seem to make enemies," Mr Damodaran says, ... More

Maharashtra: Industrial and financial powerhouse
MAHARASHTRA, the country's industrial powerhouse, occupies a prominent place in the Indian economy. The State capital, Mumbai is India's commercial and financial capital and boasts the presence of all the leading ... More

The changing ethos of the working class in Mumbai
SWEAT shops and glass houses, are the new inheritors — the factory sirens that symbolised Mumbai's limitless potential for employment and a better life have fallen silent and the mill chimneys that rose proudly over the city's chawls are ... More

Pune sets a scorching pace
Tata Motors' tie-up with British car manufacturer MG Rover to make small cars for the European market and Bharat Forge's acquisition of a European forging company to emerge as become the second largest forging company in the world, has put the city's business firmly on the global map. More

Navi Mumbai — pulsating with business activities
THE most ambitious plan to decongest Mumbai was the one to create Navi Mumbai (New Mumbai), an alternative urban settlement on the mainland that would remain accessible to the island city. Conceived in the 1970s, Navi Mumbai was seen as the ... More

FOREIGN TRADE
`Enlarged EU will provide opportunity, challenge'
THE soon-to-be-enlarged European Union (EU) provides India with both an opportunity and a challenge. This was the view that emerged at a meeting on `The new round of EU enlargement: Implications and potential,' organised by the Confederation of ... More

DGFT gets BIS quality certificate
CLOSE on the heels of its recent launch of digital signatures to usher in paperless environment to exporters' interface with officialdom, the Directorate General of Foreign Trade (DGFT) has been granted the quality systems certification licence ... More

POWER
NTPC units' average PLF at 84.4 pc
FIVE power stations of the National Thermal Power Corporation (NTPC) are among the 10 best performing stations of the country as per the evaluation of the Central Electricity Authority (CEA) for 2003-04. The five power stations are Rihand ... More

TAXATION
Babus and benevolence
BENEVOLENCE was at the centre of a dispute that reached the Bombay High Court recently. The question was: Can there be different yardsticks leading to differential tax treatment when benevolence is identical? Logical answer is `no'; and that ... More

TEXTILES
Processing sector likely to get new incentives
A PACKAGE of new incentives may be in the offing for the processing sector after elections, the Union Textile Secretary, Mr S.B. Mohapatra, has indicated. The processing sector has been seen as a weak link of the domestic textile industry. ... More

AEPC wants Govt to accept EU offer
EVEN as the Commerce Ministry is yet to respond to the recent offer of the European Union (EU) for additional quota to Indian exporters, the Apparel Export Promotion Council (AEPC) has counselled the Government to accept the offer with immediate ... More

PERSONAL PRODUCTS
FMCG sector — in a lather
THE fast moving consumer goods sector has been in news often in recent times for the wrong reasons. It has been an island of lacklustre growth in an economy raring to go on the back of an excellent monsoon. It has seen bitter price wars, erosion ... More

EDUCATION
IIM-C faculty to contest validity of board meeting
THE faculty council of the Indian Institute of Management, Calcutta (IIM-C) on Monday decided to move the Calcutta High Court challenging the validity of the 164th meeting of the board of governors, which took place on March 26, 2004. Prof ... More

Role of businesses in education
AT a recent seminar, SNDT University's Vice-Chancellor Ms Rupa Shah pointed out that a graduate, when takes up a job, needs a further grinding of some three months before he is ready to take up his functions. "Why can't we make him a finished ... More

GEMS & JEWELLERY
Hazira jewellery park promoters upbeat on exports
THE sceptics may scoff but the writing on the wall says gems and jewellery exports from India could be close to $24 billion (Rs 1 lakh crore) by 2007. This is in contrast to the target of $16 billion that has been put out by the Gems and ... More

CONSULTING
Winds of change in consultancy biz
MUMBAI is a microcosm of India. Whatever happens to India is happening in Mumbai on a comprehensive scale. That is why the changing environment for management consultants in Mumbai spells a change in the way consultants operate throughout ... More

KNITWEAR & HOSIERY
Punjab Apparel Park making progress
AS part of the proposal of the Ministry of Textiles for setting up apparel parks across the country to extend a `single shop' package for international buyers of Indian garments, the Punjab Apparel Park is making considerable progress with the ... More

NEWSPAPERS & PUBLISHING
Business Line in Mumbai
MORE readers will now get a headstart on their business day with Business Line being printed from Mumbai and Tiruchirapalli starting today. No more the wait to reach your office to get a copy of the daily that brings to you facts as ... More

IPR
Need for quick legislation on IPR
THE country's growing recognition in the field of IT and high-end technology highlighted the need for intellectual property protection. Changes in treaties, laws, procedures and physical modernisation have been under way, but a lot remains to be ... More

HUMAN RESOURCES
`Arresting brain drain vital for growth'
THE top one per cent of the population holds 99 per cent of the country's intellectual potential and any brain drain of the best minds has a negative impact on India's potential to emerge as a global research and development (R&D) hub, according More

INTERVIEW
State with the best investment environment — Mr Sushilkumar Shinde, Maharashtra Chief Minister
`Maharashtra's traditional strength in business, industry, media, entertainment and human resource has helped.' More

EXPORTS & IMPORTS
Bajaj fashions three-pronged strategy for export markets
TWO-wheeler major Bajaj Auto Ltd has worked out a three-pronged export strategy that should see its overseas sales grow by 35-40 per cent in the current financial year. The company expects to push the momentum it had last year in exports when it ... More

TOURISM
It's `Maharashtra Unlimited' on tourism front
THE marketing success of the Kerala Tourism Development Corporation's `God's Own Country' campaign has changed the way States promote tourism. With Governments realising the tourism potential of their local arts and crafts, more funds have ... More

India Tourism plans to woo more Gulf tourists
THE India Tourism office expects a 21 per cent rise in international tourist arrivals through an intensified global campaign under the `Incredible India' banner, which will be flagged off at the Arabian Travel Mart in Dubai in May. In the ... More