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Thursday, October 06, 2005
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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Clinical trials: `India has gene pool advantage'
The country has a heterogeneous mix of people, unlike China's homogenous population and this could tip the balance in favour of India. More

CLIMATE & WEATHER


Northeast monsoon seen setting in early
MODEL projections indicate the build-up of favourable conditions for the onset of the northeast monsoon over Tamil Nadu and adjoining States by October 10, at least five days ahead of the normal. Speaking to Business Line, Dr Akhilesh ... More

ECONOMY


Stable legal system must for sustained economic growth: PM
THE Prime Minister, Dr Manmohan Singh, has said that a stable, sound legal system, which dispenses effective justice was an essential pre-requisite for sustained economic growth. Launching the `Project for information and communication ... More

Lecture on Indian economy
MANGALORE: Dr M. Govinda Rao, Director of National Institute of Public Finance and Policy, will deliver a lecture on `Emerging issues in Indian economy' at the Justice K.S. Hegde Institute of Management at Nitte in Udupi District on ... More

`Rural India set to fuel business growth engine'
"WITH 70 per cent of the population, 25 per cent of GDP and 41 per cent of savings, Rural India is all set to be the engine for corporate growth in the new millennium," was the consensus of the panelists at Daksha 2005 held at SSN School of ... More

FOREIGN TRADE


India looking at FTA with Australia
Mr Gallop said Western Australia was keen to co-operate with India in the field of oil and natural gas. More

INFRASTRUCTURE


SEZ rules likely to come into force from November 1
THE Government today indicated that the rules as well as the legislation on Special Economic Zones (SEZs) are likely to come into force by November 1. Speaking at an interactive meeting organised by the Export Promotion Council for EoUs and SEZ ... More

PM's panel clears infrastructure SPV — Likely to take off next month
THE Prime Minister's Committee on Infrastructure has cleared the special purpose vehicle (SPV) for funding infrastructure projects. The proposal will now be forwarded to the Cabinet Committee on Economic Affairs (CCEA) for a final go-ahead and ... More

PSU


Lepakshi sales turnover put at Rs 10 crore
THE Andhra Pradesh Handicrafts Development Corporation Ltd, which markets the handicrafts of 1.5 lakh artisans through its 13 sales emporia under the brand name `Lepakshi', achieved a total sales turnover of Rs 10 crore at exhibitions and craft ... More

Kamco declares 30 pc
THIRUVANANTHAPURAM:The Kerala Agro Machinery Corporation (Kamco) has declared a dividend of 30 per cent for the 2004-05 financial year. The Managing Director, Mr K.K. Chandrasekharan, handed over a cheque for Rs 48.43 lakh to the Minister ... More

PETROLEUM


Aiyar calls meeting to review LPG shortage
CONCERNED with the persistent diversion of subsidised liquefied petroleum gas (LPG), the Petroleum Minister, Mr Mani Shankar Aiyar, on Wednesday said that he would be meeting the stakeholders, including the oil companies, on Thursday to discuss ... More

Indian cos asked to set up CNG network in Thailand
THAILAND on Wednesday invited Indian petroleum companies to participate in the upstream activities there. This emerged at the meeting the Thai Energy Minister, Mr Viset Choopiban, had with the Petroleum Minister, Mr Mani Shankar Aiyar. The ... More

POWER


Tata Power in pact with Jharkhand Govt
THE Tata Power Company has signed a memorandum of understanding with the Jharkhand Government to evaluate setting up of 3000-MW generation capacity at various sites along with captive coal mining facilities and distribution circles in the ... More

Maharashtra power distribution co seeks Rs 5,000-cr loan from PFC
THE Maharashtra State Electricity Distribution Company Ltd (MSEDCL) is seeking a loan of about Rs 5,000 crore from Power Finance Corporation Ltd (PFC) and Rural Electrification Corporation Ltd (REC) to upgrade its distribution infrastructure by ... More

SUGAR


Meeting today; TN sugar mills hope for SAP support package
THE private sector sugar mills inTamil Nadu hopes that the State Government will come out with a support package or concession to help them pay the sugarcane price fixed by it. The private sector sugar mills feel that the State advised price ... More

TAXATION


Finance Ministers agree for cut in CST rate to 2 pc
STATE Finance Ministers today agreed to a reduction in Central sales tax (CST) ceiling rate from 4 per cent to 2 per cent with effect from April 1, 2006. This is expected to be the first step towards an eventual phase out of CST under the new ... More

Jharkhand to implement VAT from January
JHARKHAND on Wednesday said that it would implement VAT from January 2006. This is the first BJP-ruled State to officially announce a timeline for VAT implementation. "We have drafted a VAT Bill, which will be introduced in the State Assembly ... More

TEXTILES


IL&FS to get 1 pc as fee for promoting textile parks
INFRASTRUCTURE Leasing and Financial Services Ltd (IL&FS), which has been identified by the Ministry of Textiles as the nodal coordinating agency for the promotion of projects under the centrally sponsored Integrated Textile Park Scheme (ITPS), More

`Govt willing to consider claims for specific drawback rate'
THE apparel exporters' demand for a higher duty drawback rate from the Government has elicited a muted response from the Secretary, Ministry of Textiles, Mr Poornalingam, at a meeting he had with the knitwear exporters here. The Union ... More

  • Correction

    WATER


    Water level declines in Kerala reservoirs
    THIRUVANANTHAPURAM: With the southwest monsoon signing off, water levels at the three major reservoirs in the State - Kallada, Idukki and Idamalayar — have recorded a decline week-on-week. According to figures released by the ... More

    BREWERIES


    Octaga Green in pact with Alfa Laval for distillery project
    THE Pune-based Alfa Laval has signed up Octaga Green Power and Sugar Company Ltd (OGPSCL) for erecting a 40,000 litres per day-distillery project in Maharashtra. Talking to press persons, Mr Basab Paul, Managing Director, OGPSCL, said the ... More

    UB revamps organisational structure of spirits division
    "I intend to integrate the companies in a phased manner that protects the business interests and ensures transparency," said Mr Vijay Mallya. More

    RADIO/TV


    Sri Adhikari Brothers eyes FM radio foray
    WITH the second round of bidding for FM radio licences about to commence, Mumbai-based Sri Adhikari Brothers group is eyeing the radio space. Speaking to Business Line, Mr Markand Adhikari, Vice-Chairman and Managing Director of Sri ... More

    EDUCATION


    Realty firm Ittina to foray into animation
  • According to Nasscom, the global animation market is around $50 billion a year, of which, India will create $1.5 billion by the end of 2006.
  • The schoolis in talks with universities at Singapore and Germany to offer university programmes. More

    TWO/THREE WHEELERS


    Gearless scooter market heats up
    "Hero Honda will have to offer something extra to make a mark in this segment," More

    MEDICAL & SURGICAL EQUIPMENTS


    CT scanner installed at Sunrise Hospital
    SUNRISE Hospital has installed a modern diagnostic system Light Speed Volume CT Scanner. This advanced CT scanner, the first of its kind in South India, can capture images of any organ in the human body in less than 10 seconds. The ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    Alpha Medical's health mall at Kolkata
    ALPHA Medical Services Pvt Ltd has launched a one-stop shop for all healthcare needs here on Wednesday. Set up at an investment of Rs 4.5 crore, the Alpha Family Health Mall is a four-storied centre that has a polyclinic, a diagnostic centre ... More

    REAL ESTATE & CONSTRUCTION


    Super-premium flats only for `handpicked' clients
    HAVE money, will buy. Very soon, this maxim may not hold good in the real estate scene in the country. In what seems to be an unprecedented practice in the way super-premium homes are sold, the Bangalore-based Mantri Developers have built and ... More

    SCIENCE & TECHNOLOGY


    World Space Week fete
    THIRUVANANTHAPURAM: Dr Madhavan Nair, Chairman, Indian Space Research Organisation (ISRO), inaugurated the World Space Week celebrations at the Vikram Sarabhai Space Centre (VSSC) auditorium here on Tuesday. Dr B.N. Suresh, Director, ... More

    FOREIGN DIRECT INVESTMENT


    AP House to discuss Vashishta Wahan
    THE Andhra Pradesh Legislative Assembly has agreed to discuss the controversial Vashishta Wahan Company, a special purpose vehicle (SPV) created by the India project team leader of the German automotive major Volkswagen AG. This follows a ... More

    EVENTS


    Meet to discuss alternative fuels, electric vehicles
    THE Administrative Staff College of India (ASCI) here is organising a one-day policy dialogue on electric vehicles and alternative fuel technologies in the Indian Transport Sector on Thursday. There is a growing attention towards alternatives ... More

    MANIA '05 on Oct 8, 9
    THIRUVANANTHAPURAM: The Institute of Management in Kerala (IMK) under the University of Kerala is organising MANIA `05, the South Indian Management Meet on Saturday and Sunday (October 8 and 9). An inter-collegiate cultural fest is also ... More

    EXPORTS & IMPORTS


    Govt extends DEPB scheme till Dec 31
    THE Union Government has extended the applicability of the existing Duty Entitlement Passbook (DEPB) scheme up to December 31, 2005. Reacting to this move, the Federation of Indian Export Organisations (FIEO) President, Mr O.P. Garg, said that ... More

    Stress on new strategies for seafood exports
    THERE is an urgent need for adopting innovative strategies to achieve an export turnover of $3-4 billion in seafood exports by 2009-10, according to Mr Kuruvilla Thomas, Director (Marketing) of the Marine Products Export Development Authority ... More

    TOURISM


    Kerala: Meet to highlight tourist transport industry woes
    THE All-Kerala Travel Operators Co-ordination Committee, representing three associations in the tourist transport sector, has called upon Government authorities to initiate effective steps to stop unhealthy competition among travel operators in ... More



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    Top Stories
    Clinical trials: `India has gene pool advantage'


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    In Focus

    Indian Aviation: Sky is the limit
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    More

    In Depth

    Gender Justice
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    More

    Looking back
    Sep. 25-Oct. 1
    BPCL in talks with NCDEX for futures trading in furnace oil

    `SMEs must upgrade tech to become Defence suppliers'

    Pak keen on buying Indian machinery for edible oil refineries

    CAG non-committal on issue of auditing NGO accounts

    Infrastructure growth slows to 5.7 pc in Aug

    SC seeks explanation on `unregulated' mobile towers

    Seven States may participate in tax info exchange project

    Bajaj Capital promoting art as investment option

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


    Volatility may continue in crude oil market

    PM concern over science grads not finding gainful jobs

    Direct overseas investments up

    NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

    Essar among FDI proposals cleared

    India attracted $5-b FDI in 2004, says Unctad

    Tread warily on MFI loans; but spare a thought for rural poor

    India gains in global growth index — Finland retains top slot in World Economic Forum rankings

    Leasing of aircraft could get dearer from today


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