Financial Daily from THE HINDU group of publications
Friday, July 01, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

EMPLOYMENT


`Hyderabad, Bangalore cos most bullish on hiring'
COMPANIES located in Hyderabad, followed by Bangalore and Delhi, are expected to increase hiring in the next six months. According to a TeamLease Gallup Survey on business and employment expectations among private sector companies in seven ... More

CLIMATE & WEATHER


Monsoon covers entire country before time
RIDING piggyback on a fortuitous combination of helpful atmospheric systems, the southwest monsoon managed to cover the entire country on Thursday, a full 15 days ahead of schedule. But this hardly provides any guarantee of the four-month ... More

ECONOMY


CEOs of western India bullish on economy: CII study
THE mood of the CEOs in western India on the economy is buoyant, finds a snap poll conducted on varied subjects by the Confederation of Indian Industry (CII). Sixty-two per cent of CEOs felt that good times in the stock market would continue ... More

Current account surplus in Q4 — Trade deficit for the year at record $38 b
INDIA'S external transactions on the current account have recorded a modest surplus of $159 million for the quarter ended March 2005, reversing the trend of large deficits recorded in the two preceding quarters. The RBI revealed this in the ... More

External debt up 10 pc at $123.3 b
INDIA'S external debt has been put at $123.3 billion, up $11.6 billion from $111.7 billion in March 2004. The 10.4 per cent rise was the highest accretion in any single year since 1990-91, said a RBI release here on Thursday. The US dollar ... More

FOREIGN TRADE


`Singapore pact is a step towards India-Asean FTA'
THE visiting Prime Minister of Singapore, Mr Lee Hsien Loong, today said the stage was set for an Asian Renaissance to be achieved through strengthening India's ties with Asia, evolving a stable, open regional architecture and reaching national ... More

HEALTH


Manipal Clinic launched
BANGALORE: Manipal Hospital on Thursday made a foray into primary healthcare with the launch of its `Manipal Clinic' at Jayanagar in Bangalore. With this new facility, the Manipal Health System has become an integrated healthcare ... More

Columbia Asia spots Bangalore as hub
THE international hospital chain Columbia Asia has chosen Bangalore as its India hub, and is opening the first of its three community healthcare facilities in the city on July 11. Columbia Asia is the first healthcare provider to enter through ... More

PSU


`Step up vigilance to control corruption in PSUs'
FOR those who have been dreaming of controlling corruption in India, the answer is fairly clear. Try and discipline officers of public sector units in the country. The only catch is the number, which is rather on the high side at one million. ... More

Cabinet panel for one-time infusion of funds in 3 PSUs
THE Cabinet sub-committee entrusted with the task of reviving the loss-making public sector units in Kerala has recommended one-time infusion of funds in respect of three units. The sub-committee, constituted after winding up Enterprises ... More

Cabinet extends purchase preference policy for CPSEs
THE Cabinet on Thursday decided to extend the Purchase Preference Policy for Central public sector enterprises (CPSEs) for three years up to March 2008 after which it would be terminated. The Purchase Preference Policy gives preference to CPSE ... More

TN company staff urge Centre to lift ban on NG explosives
EMPLOYEES of Tamil Nadu Industrial Explosives Ltd, a State public sector manufacturer of explosives based in Vellore district, have urged the Central Government to exempt the company from the ban on production of nitro-glycerine ... More

PETROLEUM


CNG prices revised in Mumbai
CONSEQUENT to the increased input price of natural gas, compressed natural gas (CNG) price will be revised with effect from July 1.The current price of CNG in Mumbai is Rs 19.77 per kg. The revised price will be Rs 20.90 per kg. Owing to Octroi, ... More

STEEL


`Climate right for investments in steel sector'
THE steel sector is upbeat and the climate is congenial for the corporates to make investments in the country, especially in the mineral-rich States of Orissa, Jharkhand and Chhattisgarh, according to Mr Manoranjan, Union Steel Secretary. At a ... More

TAXATION


Plea for scrapping cess on natural rubber
THE manufacturer-exporters of rubber products would like to procure natural rubber (NR) domestically against invalidation of advance import licences (by having the quantity deleted from the licence) or issue of advance release orders by the ... More

TEXTILES


SIMA in talks with IL&FS for processing project
THE Southern India Mills Association (SIMA) which proposes a common infrastructure project for textile wet processing at Cuddalore is in talks with Infrastructure Leasing and Financial Services Ltd (IL&FS) to rope in the latter in the project .. More

RADIO/TV


Industry welcomes new FM radio policy
THE new FM radio policy announced by the Government on Thursday seems to have gone down well with the industry. Reacting to the new policy, Mr Abraham Thomas, COO, Red FM (part of Living Media Group), said, "We are very excited with the ... More

EDUCATION


Alliance Francaise plans e-school
Alliance Francaise will offer an online course for those keen to learn French but with no time for regular classes. More

Tasmac sets up Kolkata campus
BANGALORE: Tasmac (Training and Advanced Studies in Management and Communications), which facilitates British Management Education in India with validates from UK Universities, has set up a campus in Kolkata. Its other campuses are in Pune ... More

REAL ESTATE & CONSTRUCTION


Realty reality
A view of the Rajarhat New Town area of Kolkata. Among the densely populated cities Kolkata is creating a fresh look with new township ventures on the outskirts. A large number of real estate companies have initiated several projects in the ... More

LEATHER


CCEA clears Rs 290-cr scheme for leather sector
THE Cabinet Committee on Economic Affairs (CCEA) today cleared a Rs 290-crore scheme for integrated development of the leather sector during the Tenth Plan period. The decision is aimed at technology upgradation and modernisation of existing ... More

PRECIOUS METALS


Spot gold may consolidate, rise
SPOT gold prices bounced higher mainly on bargain hunting, after it hit two-week lows as markets awaited the US interest rate decision on Thursday. A quarter basis point increase has been factored in to the market and this could possibly be the ... More

PAPER, BOARD & NEWSPRINT


Newsprint industry in favour of price hike
DOMESTIC newsprint manufacturers feel that the current market situation is conducive for them to revise all types of newsprint prices during the July-September quarter. Although the quantum of increase has not yet been decided by individual ... More

INDUSTRY ASSOCIATIONS


FAPCCI Vice-President
HYDERABAD: Mr Atluri Subba Rao, Chairman of Nekkanti Sea Foods Ltd has been unanimously elected Vice-President of the Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) for the year 2005-06. He has been a member of the ... More

Kopper is chief of Bangalore Chamber
THE Bangalore Chamber of Commerce and Industry (BCCI) has named two IT entrepreneurs to its top posts of President and Vice-President for the year 2005-06. At its annual general meeting held on Thursday, the BCCI elected Mr Anand Kopper as ... More

TEXTILE MACHINERY


Gobal textile tech machinery expo to be held at Coimbatore in March
THE Tirupur based Hi-Tech International Trade Fair (India) Pvt Ltd, which has exposure in organising the biennial textile machinery fair for the knitwear sector for the last 15 years, is venturing into holding its maiden textile technology ... More

BIO-TECH & GENETICS


FDI in biotechnology — Patent regime implementation holds the key
INDIA has begun hardselling itself as a destination for investments in the field of biotech but much will depend on how the patent regime back home is implemented, according to industry officials. At BIO 2005, the international annual ... More

FOREIGN DIRECT INVESTMENT


FM radio policy allows switch to revenue share — FDI permitted but cap remains at 20 pc
THE Indian airwaves are set to witness action with the Government opening up 330 new FM frequencies to the private sector. Giving the much needed booster shot to the bleeding industry, the Cabinet today approved a new FM radio policy that does ... More

SOCIAL WELFARE


Meal-time
Children at the Government High School, Golconda, lining up for food as their mates serve them. Andhra Pradesh has involved self-help groups (SHGs) and community-based organisations in rural areas and community development societies in urban ... More

EVENTS


Coimbatore to host paper fair in Sept
COIMBATORE will be the venue for an international fair and technical conference on pulp and paper industry. The fair `Indian paper 2005' to be held between September1-4 at the Codissia trade fair complex, will offer an exposition on global ... More

Entrepreneurship programme in Hyderabad
HYDERABAD: The Andhra Pradesh State Financial Corporation (APSFC) will hold its Entrepreneurs Awareness Programme cum Business Development Campaign, here on Friday. In addition to helping entrepreneurs with the procedures and facilities, ... More

Session for F1 Visa holders
HYDERABAD: UNITI Foundation, affiliated to the United States Department of State for Education and Cultural Affairs is conducting a Pre-Departure Session for F1 Visa Holders to the US on July 2 at the Birla Auditorium. Resource persons ... More

ENTREPRENEURSHIP


The intrepid women of India Inc
They got some of the country's top businesswomen talking... this compilation of the life and work of 21 entrepreneurs by two college students is a worthy effort. More

INCOME TAX


130 tax help centres to function from today
The centres would help taxpayers prepare income-tax return, fill tax challans, fill PAN application forms and answer their queries on the income-tax law. More

I-T electronic clearing scheme
THIRUVANANTHAPURAM: The Income-Tax Department is implementing electronic clearance scheme in Thiruvananthapuram for faster issue and clearance of funds of the salaried class from the 2005-06 financial year. All salaried assesses with ... More

EXPORTS & IMPORTS


Processed foods exports grew 15.6%
EXPORTS of agricultural and processed foods grew by 15.6 per cent in the year ended March 2005 to Rs 16,559 crore over the previous year's Rs 14,324 crore, exceeding the target of Rs 16,213 crore set by the Agricultural and Processed Food Export ... More

ECONOMIC OFFENCES


Money laundering Act to come into force today
THE Government on Thursday announced that the Prevention of Money Laundering Act, 2002 would come into force from July 1. An official release highlighted that although the President of India had given his assent to the legislation in January ... More


Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Deficient monsoon hits kharif sowing


Current account surplus in Q4 — Trade deficit for the year at record $38 b

`Singapore pact is a step towards India-Asean FTA'

Diversified funds fail to match the recent Sensex surge

TCS in BPO venture with Microsoft, Chinese cos

India, China tape drive market set to grow: IDC

Industry welcomes new FM radio policy

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
More

Looking back
Jun. 19-Jun. 25
`N. America accounts for over 60 pc of exports'

`Navratnas public sector character won't be altered'

Use of disinvestment proceeds — Throwing good money after bad?

Petro subsidies: Flawed basis

IDFC proposal among FDI worth Rs 484 cr cleared

Singapore-India pact: A `win-win' settlement

Sri Lankan vanaspati imports hurting local industry: IVPA

Costlier fuel not to push FMCG prices up

Taxation of profits from DEPB licence sale — PM's council favours going easy on `small exporters'

`Steel prices may revert to $600'

Star open to offering channels to Chandra's DTH platform

Cabinet okays Bill on alternative medicines

States yet to claim for revenue loss from VAT implementation — It is 'early days', caution Ministry officials

Bajaj, Hero Honda, Enfield top customer satisfaction: Study

Cabinet nod for GDN headquarters in India

Tourism industry upbeat on domestic, foreign travel

`Cement, best performing sector'


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line