Financial Daily from THE HINDU group of publications
Wednesday, September 28, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


Pro-Kannada activists demand more jobs for locals in IT sector
ACTIVISTS of Karnataka Rakshana Vedike, a forum of pro-Kannada organisations, staged a symbolic protest in front of Infosys Technologies Ltd's headquarters seeking more jobs for locals in the IT sector. They wanted Infosys to give more ... More

National Rural Employment Guarantee Act — Choice of districts for implementation will be non-partisan: PM
THE Prime Minister, Dr Manmohan Singh, has promised that the United Progressive Alliance (UPA) Government would ensure a completely non-partisan choice of districts for implementation of the National Rural Employment Guarantee Act ... More

CLIMATE & WEATHER


Rains confined to East, South
METEOROLOGICAL authorities maintained a watch for monsoon withdrawal in Northwest India even as the prevailing western disturbance and the embedded trough brought scattered to moderate rainfall to the eastern parts of the country on Tuesday. A ... More

INVESTMENTS


Bajaj Capital promoting art as investment option
BAJAJ Capital has begun promoting art as an important investment option. For starters, it has invested in an art gallery in Delhi. The move, a first for a company that has so far been engaged in debt mobilisation, merchant banking, and ... More

ECONOMY


`Holistic approach to energy sector key to growth in manufacturing'
The NMCC has proposed to come out with intensive and separate studies of sectors such as textiles, chemicals, pharmaceuticals, electrical and electronics, food processing and leather and handicrafts, which have immediate potential to garner a major s hare of the global market. More

FOREIGN TRADE


Finland envoy urges Indian private sector initiatives
GREATER involvement of the Indian private sector industry is necessary to increase the volume of trade with Finland. Speaking at an interactive session organised by the Indian Chamber of Commerce, Mr Glen Lindholm, Finland's Ambassador to India, ... More

US biz opportunities
THIRUVANANTHAPURAM: Opportunities exist for businesses in Kerala to enter into partnerships with companies in the US, said Mr Mark Russell, Commercial Consul, US Consulate-Chennai. Speaking at a meeting with members of the Chamber of ... More

HEALTH


Laparoscopic surgery for thyroid now
A BLOODLESS "Endoscopic Thyroidectomy" through the anterior chest (breast approach) has been successfully performed at the Apollo Gleneagles Clinic, Gariahat, here, by Dr B. Ramanna. According to him, patients, operated under GA, can leave the ... More

Blood donation drive in Thiruvananthapuram
THIRUVANANTHAPURAM: Surgicals major Terumo Penpol has announced the winners for its awards for efforts promoting voluntary blood donation: Marikar Motors, Thiruvananthapuram (industry); Sree Narayana College, Chempazhanthy (college); and ... More

INFRASTRUCTURE


Petition filed by losing consortium — Navi Mumbai SEZ hits legal hurdle
The writ petition, filed by Anik Development Corporation, Gammon India and others has pleaded that the project be re-tendered. More

PSU


`Global Leadership' training for PSU heads
TO make the top brass of public sector units stay tuned to global business trends, International Management Institute (IMI) and Standing Conference of Public Enterprise (SCOPE) are jointly conducting a programme on `Global Leadership.' The ... More

PETROLEUM


India's vote against Iran will not derail pipeline project, says Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, said on Tuesday that India's vote against Iran at the International Atomic Energy Agency will not affect the $22-billion liquefied natural gas (LNG) supplies from that country or the proposed ... More

Potential users of Iran gas seek watertight supply contracts
Supply disruption covers include conventional force majeure events and extraordinary risks like a possible military intervention in Iran and ensuing contractual defaults. More

PHARMACEUTICALS


A lab to detect spurious medicines
CONCERT, a public charitable trust and a centre for consumer education and research, has brought to India the `Drug Mini-Lab', which helps detect spurious and sub-standard quality medicine. Developed by the German Pharma Health Fund (GPHF), a ... More

POWER


KERC rationalises tariffs
THE Karnataka State Electricity Regulatory Commission (KERC) has opted for rationalisation of power tariffs instead of the 11 per cent revision proposed by the four State Government-owned distribution companies (DisComs). The tariff order ... More

TAXATION


Tank lorry owners to boycott JNPT port, Toll Naka
MEMBERS of the Maharashtra Tank Lorry Owners' Association from Mumbai, Maharashtra and other States have decided to boycott JNPT port and Toll Naka at the National Highway No 4B at JNPT— Panvel Road from October 5. They are protesting the ... More

WATER


Ken-Betwa river link project to cost Rs 4,500 cr
THE Minister for Water Resources, Mr Priya Ranjan Dasmunsi, today said that work on the detailed project report (DPR) for the Ken-Betwa river link was started a few days ago. "Work on DPR started about 15 days ago with the DPR preparation ... More

FOODS & FOOD PROCESSING


Food processing industry still divided on allowing FDI in retail sector
EVEN as there is consensus within the food processing industry on the need for large-scale organised food retailing, the house is divided on the issue of foreign direct investment (FDI) in the retail sector. At a meeting between the top honchos ... More

`Kerala State has vast scope in food processing'
INDIA Development Foundation, in association with CII and the British High Commission, organised a workshop on the prospects and challenges in the agri-business sector in the country, with special focus on Kochi. The workshop was attended by ... More

GEMS & JEWELLERY


Rough diamonds may be imported directly
THE Indian diamond industry may soon begin getting rough diamonds directly from African countries, instead of from the Diamond Trading Corporation (DTC) of De Beers, which controls 80 per cent of global trade in rough diamonds. Elaborating on ... More

REAL ESTATE & CONSTRUCTION


Maharashtra to scrap 757 projects flouting ULCA norms
THE Maharashtra Government has decided to get tough with builders flouting the Urban Land Ceiling Act (ULCA). The Government has decided to scrap 757 housing projects promoted by private developers that have been violating the ULCA. As a ... More

INDUSTRY ASSOCIATIONS


Assocham seeks flexible interest rate policy
TO meet export finance requirements, the Associated Chambers of Commerce and Industry of India (Assocham) has suggested that the Reserve Bank of India adopt a flexible interest rate policy and accord priority to small and medium enterprises ... More

KNITWEAR & HOSIERY


Hot gas solution to burn up hosiery unit pollutants
The direct contact evaporation technique increases the heating efficiency or the fuel value up to 85 per cent. More

SCIENCE & TECHNOLOGY


IAA award for U.R. Rao
PROF U.R. Rao, former ISRO Chairman, has been awarded the prestigious Theodore Von Karman Award of the International Academy of Astronautics (IAA), Paris, for the year 2005. Prof Rao is the first from a developing country to receive the honour, ... More

TRADE & LABOUR UNIONS


TN: Planters, unions sign new wage accord
THE stalemate between the plantation managements in the Valparai (Coimbatore), Highways (Theni) and Manjolai (Tirunelveli) regions and the trade unions has come to an end with the signing of a new wage accord. The accord, however, has been ... More

EVENTS


IDF-CII meet on phyto-sanitary in Salem tomorrow
THE India Development Foundation (IDF) and the Confederation of Indian Industry (CII) is holding a conference on sanitary and phyto-sanitary (SPS) measures in Salem on September 29. The conference is aimed at giving an exposure on food safety ... More

Tech-twirl at Avanthi Institute
VISAKHAPATNAM: Avanthi Institute of Engineering and Technology, along with St. Theresa Institute of Engineering and Technology, is organising a two-day symposium - Tech-twirl 2K5 - on the latest trends in the field from Monday at ... More

ENTREPRENEURSHIP


S.P. Jain's new programme to groom students
S.P. Jain Institute of Management and Research has hosted `Lock, Stock & Trade', an annual event aimed at motivating young people to become entrepreneurs. The event, designed in association with National Entrepreneurship Network (NEN), will ... More

EXPORTS & IMPORTS


Indian shrimp prices decline in US markets
Festival demand fails to spark; exporters look to Japan

THE price of Indian shrimp has eased in the US markets, despite a shortage of processed shrimp in India and most of the exporters deserting the North American markets, sources in the Seafood Exporters Association of India said. "Increasingly, ... More

Cashew body plans slew of initiatives to promote exports
MR Walter D'Souza, who was elected President of the Cashew Export Promotion Council of India (CEPCI) at the 50th annual general meeting at Kochi on September 22, has plans for launching various innovative schemes and programmes to take cashew ... More

NATURAL CALAMITIES


Sonia visits flood-hit areas in AP
THE President of the Congress party and Chairperson of the ruling United Progressive Alliance, Ms. Sonia Gandhi, visited flood-hit areas in Krishna and West Godavari districts on Tuesday. The Chief Minister, Dr Y.S. Rajasekhara Reddy, the ... More

TOURISM


Romancing Hussainsagar with `Khair-un-Nissa'
ANDHRA Pradesh Tourism has added another cruiser, Khair-un-Nissa, to its fleet, reviving memories of a 200-year-old love story involving a Muslim girl and a British officer that has become part of the local lore. Khair-un-Nissa ... More

APTDC chief's resignation raises eyebrows
THE reported resignation of Mr C. Anjaneya Reddy, Chairman of Andhra Pradesh Tourism Development Corporation (APTDC), has raised eyebrows in tourism circles. Sources in the APTDC told Business Line that he had put in his papers ... More

Splendid attraction
The monolithic statue of Gautama Buddha, a major tourist attraction, stands tall in the middle of Hussainsagar Lake in Hyderabad on the occasion of World Tourism Day on Tuesday. ... More

Smooth gliding
More

STANDARDS & BENCHMARKS


Kinfra scouting for partners to run quality control labs
KERALA Industrial Infrastructure Development Corporation (Kinfra) is looking for companies to run quality control laboratories at two of its industrial parks in the State. According to Kinfra officials, the corporation is looking for partners ... More

ECONOMIC OFFENCES


`Attacks for financial gains on the rise'
NEW modes of security threat, with a focus on financial gain, have surfaced, causing huge losses, even as malicious code attacks have become rampant. The Symantec Corporation's Internet Security Threat Report on the first half of 2005 ... More

PEOPLE


Chennai jeweller Tushaar Mehta passes away
MR Tushaar Mehta, trustee of Mehta Jewellery and a well-known jeweller in the city, died following a sudden cardiac arrest, early today. He was 58. He leaves behind his father, Mr Surendra Mehta, a pioneer in the diamond trade, wife and two ... More

Award for financial journalist
KOCHI: Mr K.K. Jayakumar, senior journalist with Dhanam Business Magazine has received the best financial journalist of Kerala award from the Governor, Mr R.L.Bhatia. The award is instituted by the Kerala Chamber of Commerce and Industry. ... More

TRENDS


Report on doing business in 2006: `World Bank findings present far too bleak a picture based on limited inputs'
The DIPP pointed out that the Government has already initiated a number of steps to simplify and speed up the process of PAN allotment. More



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In Depth

Gender Justice
Simple Economics
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Looking back
Sep. 18-Sep. 24
China emerges as net importer of steel

Most nations prefer profit gas share in `kind': GAIL

Rain belt shifting to east again

`More transparent drawback system on the anvil '

Cyclone crosses Andhra Pradesh coast; brings heavy rain

Rubber exports may top 40,000-tonne target — Volatility in global market dissuading exporters

Iran gas pipeline project — Uncertainty over global reinsurers taking up risk cover

Hung parliament spells economic blues for Germany

Another drencher for Mumbai cannot be ruled out: Met

Mixed performance by infrastructure sector

Limit sale of subsidised LPG to poor: IOC

News channels must comply with uplinking norms by month-end

The Hindu Opportunities Fair on Sept 24-25

IT sector drops boycott plan of Bangalore fair

Inflation up 3.53 pc due to higher fuel, food prices

Edible oils turn bearish on imports, better crop

PwC India advising over 130 potential carbon credit projects


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