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Thursday, April 14, 2005

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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping probe on filament yarns from China, Ukraine
THE Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into the import of viscose filament yarn (VFY) originating in or exported from China and Ukraine. In a notification issued here, the Authority said that ... More

ECONOMY


Global growth has moderated: IMF report
"GDP growth in India has slowed modestly but is expected to remain robust with the impact of uneven monsoons and higher oil prices being offset by buoyant industrial activity and strong investment," the IMF said. More

IT share in GDP may touch 4.1 pc
THE share of the information technology (IT) sector in the country's gross domestic product (GDP) is expected to touch 4.1 per cent during 2004-05. "The success achieved by this sector can be gauged by the fact that its share of national ... More

FOREIGN TRADE


Qatar looking at strengthening trade ties
QATAR is now looking at consolidating and strengthening its trade and economic ties with India, including the hydrocarbon sector. During the three-day State visit of its Emir Sheikh Hamad bin Khalifa Al-Thani, the country proposes to focus on ... More

PETROLEUM


Crude futures slide 9-10 pc at MCX
CRUDE oil futures have crashed by 9-10 per cent in the last nine trading sessions at the Multi-Commodity Exchange of India (MCX), in line with the international trend. Crude oil May contracts at MCX fell sharply to end at Rs 2,252 a barrel on ... More

Oil jetty at Paradip port commissioned
PARADIP port's oil jetty was commissioned on Tuesday with the operation of "Suvarna Swarajya", a 35,000-dwt product tanker belonging to the Shipping Corporation of India but on a charter hire to Indian Oil Corporation (IOC). The vessel discharged ... More

IOC plans to develop gas field in Iran
INDIAN Oil Corporation Ltd (IOC) and Petropars, Iran, have submitted a joint proposal to the National Iranian Oil Company (NIOC) for developing an upstream block in South Pars gas field and setting up of LNG (liquefied natural gas) liquefaction ... More

Petro product sales up 1.2% in March; diesel demand falls
DIESEL, which forms 40 per cent of total sales of petroleum products in the country, recorded a 2.1 per cent fall in demand in March 2005 compared to last March. Overall sales of petroleum products grew by 1.2 per cent in the last month compared ... More

Petronet looking for more LNG from Qatar
PETRONET LNG Ltd (PLL) would push for additional liquefied natural gas (LNG) supplies from Qatar. "We are looking for a substantial increase in the supply of LNG from the existing level of 5 million tonnes from Qatar," Mr S. C. Mathur, CEO and ... More

POWER


Dabhol's domestic lenders to buy out offshore debt — SPV to float bonds to raise funds
GAS and Power Investment Company (GAPIC), a special purpose vehicle set up by the Indian lenders to the $3-billion Dabhol Power Company (DPC), is close to buying out the project's foreign debt component of around $600 million. The recently ... More

TAXATION


VAT panel to meet on April 16 to review progress
THE Empowered Committee of State Finance Ministers on value-added tax would meet here on Saturday to discuss and review the "implementation issues" surrounding the introduction of State-level VAT from April 1. The meeting assumes significance, ... More

TYRES


Truck, bus tyre production tops 8.9 lakh units
TRUCK and bus tyre production for February 2005 touched 8.97 lakh units as against a production level of 8.80 lakh units in February last year. Production performance in this category stood at 9.68 lakh units and 9.47 lakh units in December ... More

RADIO/TV


Study sees big bucks for cricket channel
AN exclusive cricket channel could garner revenues of over Rs 16,000 crore in five years, projected a feasibility study prepared by the Punjab and Rajasthan Cricket Boards. Speaking to newspersons, Mr I.S. Bindra, President, Punjab Cricket ... More

EDUCATION


Banks to scan closely educational trust loans
Most bankers are still unaware of the restrictions in the Tamil Nadu Land Reforms Act (1961) and have been advancing to educational institutions. Some have, following circulars from the central/zonal offices, turned cautious. More

CARS


India records fastest growth in car production
INDIA registered the fastest growth among the top 15 passenger car producing countries in the world in 2004. As per latest rankings by the International Organisation of Motor Vehicle Manufacturers, OICA, India's car production grew 30 per cent ... More

REAL ESTATE & CONSTRUCTION


FDI enquiries building up for mid-tier realty cos
FOREIGN direct investment (FDI) in real estate may be seeping down to the lower floors of the industry. Barely weeks after the Government allowed 100 per cent FDI in the construction, enquiries for foreign investments are reaching not only the ... More

FOREIGN DIRECT INVESTMENT


FDI in retail sector to benefit India, says World Bank
OPENING up the retail sector to foreign direct investment (FDI) would be beneficial for India in terms of price and availability of products, according to the World Bank. At the launch of the Global Development Finance Report 2005 at a ... More

RURAL DEVELOPMENT


Cell operators may roll out rural networks — Telegraph Act likely to be amended, says Dayanidhi Maran
THE Government is considering amending the Telegraph Act to facilitate mobile operators roll out networks in rural areas by sharing infrastructure that is funded by the Universal Service Obligation (USO) Fund. "We have discussed the matter with ... More

EXPORTS & IMPORTS


Coir products export top Rs 460 cr
GROWING demand for coir mats and coir pith in the world market of late has pushed up the total export earnings of coir and coir products during 2004-05 to an all-time high of Rs 460.63 crore, surpassing the set target of Rs 450 crore. Shipments ... More

Seafood industry on alert as US FDA detains shipments — Banned antibiotic in shrimp imports
SEAFOOD industry in the country is on alert as the US Food and Drug Administration (FDA) has announced that it would detain shipments from a number of countries, including India, if a banned antibiotic is detected in shrimp imports. Leaving ... More



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Top Stories
Steel units using blast furnace 'facing crisis' — Problem crops up as cement firms switch over to flyash from slag


Petro product sales up 1.2% in March; diesel demand falls

Sundram Fasteners' China unit takes off — Zhejiang plant starts third shift

FDI enquiries building up for mid-tier realty cos

Sourav remains brand endorser, but new offers have to wait

Sugar production in UP may touch 48 lt

Crude futures slide 9-10 pc at MCX

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 3-Apr. 9
`VAT will lower tax burden on business'

Zee Telefilms serves notice to BCCI, seeks Rs 1,630-cr compensation

Chilli exports touch all-time high

Thermal plants' coal shortage worsening

Traditional items propel exports in April-December

Pharma MNCs likely to tighten hold on patents

50% value addition must on tea exports by EOUs, SEZs

New emission norms lead to shake-out in diesel car segment

First mapping satellite to be launched in May

Edible oil imports seen rising 5 lakh t

VAT hits live chicken exports to Kerala

Cement majors report rise in despatches

US households swell Indian exporters' kitty

Oil firms seek hike in petro prices; Cabinet to decide

Consumers' purse in for a squeeze

Vegoil imports down to 2.48 lakh tonnes in March

IOC, Saudi Aramco plan merchant storage oil terminal — Drop plans for facility to store crude reserves

Oil cos may lose Rs 810 cr if price hike not allowed

On the right track to double trade, create employment

China's loss could be India's gain in high demand apparel items

Which is the largest selling car? Read the fine print


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