Financial Daily from THE HINDU group of publications
Friday, October 21, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


BMC poor at handling monsoon crisis, say Mumbai consumers
COGITO Consulting, an arm of the FCB-Ulka Group, conducted a study, on the `mood' of the Mumbai consumer and the level of dissatisfaction with the way the infrastructure support services responded to the call for help just after the monsoon ... More

Fresh cyclonic circulation over Bay by weekend
THE wet conditions in the contiguous meteorological subdivisions of Coastal Andhra Pradesh, Tamil Nadu and Pondicherry are tipped to spill over into the next week with a rain alert being mounted for a third day on a trot. In its forecast on ... More

NON-CONVENTIONAL ENERGY


Awareness drive on renewable energy sources
THE Kerala Renewable Energy Entrepreneurs and Promoters Association (KREEPA) is in the process of conducting awareness campaigns at several local bodies, residential associations, kudumbasree units, clubs etc to highlight the potential of ... More

COURTS/LEGAL ISSUES


`Company Law Board has powers to deal with contempt'
THE High Court being the appellate authority of the Company Law Board, the latter must be deemed to be a subordinate court within the ambit of the Contempt of Courts Act, 1971 and therefore, the High Court can exercise powers of dealing with ... More

ECONOMY


Global benchmarks in manufacturing — Indian arms of MNCs show the way
MULTINATIONAL companies (MNCs) now seem to be taking lessons from their Indian operations, with the latter setting global benchmarks in manufacturing. Indian arms of MNCs in sectors as varied as durables, automobiles, and processed glass are ... More

HEALTH


Diabetes rampant in Hyderabad: Study
HYDERABAD has now clearly emerged as the diabetic capital in India, according to a latest study conducted by Dr Mohan's Diabetes Specialities Centre. The centre's Chairman, Dr V. Mohan, told newspersons that the study showed that 21.5 per cent ... More

INFRASTRUCTURE


Bangalore infrastructure issues — Narayana Murthy quits as BIAL Chairman
BANGALORE'S much politicised infrastructure imbroglio today took its toll with Mr N.R. Narayana Murthy resigning as the Chairman of Bangalore International Airport Ltd. The Infosys Chief Mentor, in his letter to the Karnataka Chief Minister, Mr ... More

JMC bags TN road project
MUMBAI: JMC Projects (I) Ltd has secured two projects from the National Highways Authority of India for four-laning work on the Tiruchi-Madurai road in a 50:50 joint venture with Dineshchandra Agarwal Infracon Pvt Ltd. The projects include ... More

PSU


KSTC comes out of red
THE public sector Kerala State Textile Corporation Ltd (KSTC) has earned a net profit of Rs 1.30 crore in the first six months of the current year. KSTC had incurred a net loss of Rs 1.04 crore during the same period last year. The corporation ... More

PETROLEUM


Crude oil output dips by 7.3% in Sept
WHILE the country's crude oil output fell by 7.3 per cent in September, the natural gas output remained unchanged. Crude oil output fell by 7.3 per cent to 2.57 million tonnes (mt) in September from 2.77 mt in the corresponding period last year. ... More

IOC pre-qualifies to bid for Kenya-Uganda pipeline
INDIAN Oil Corporation (IOC) has pre-qualified along with 11 other firms and consortia to bid for building the 320-km Kenya-Uganda oil pipeline. The pipeline is being considered as an extension of the existing Mombasa-Eldoret line in Kenya and ... More

Cabinet gives in-principle nod for IBP-IOC merger
THE merger process of IBP Co Ltd with its parent company Indian Oil Corporation (IOC) on Thursday moved a step further with the Union Cabinet giving an in-principle nod for the merger. However, official sources indicated that there were ... More

PHARMACEUTICALS


Avian flu drug: Who owns the patent?
AS the world watches how Roche supplies its anti-flu medicine Tamiflu to countries faced with the bird-flu problem, a patent twist threatens to add to the existing controversy around the drug and its availability. Gilead Sciences, the ... More

POWER


The green touch
THE corporate philosophy at the Jojobera power plant of the Tata Power Company Ltd is short and simple: to ensure quality, cheap, abundant and reliable power supply to its customer base with the objective of facilitating economic progress of the ... More

STEEL


A FOCUS ON JAMSHEDPUR
Industry upbeat on Tata Steel's expansion
TRADE and industry in and around Jamshedpur are excited and upbeat with Tata Steel announcing its plans to augment steel-making capacity at its existing plant in Jamshedpur to 10 million tonnes annually by 2010 with an estimated investment of Rs ... More

Steel cos likely to sustain growth on robust volumes
The third quarter will be a much better period as post-monsoon demand picks up, besides construction activity around the country resumes. More

TAXATION


TN Govt seeks cash transaction tax exemption
THE Tamil Nadu Government has sought exemption from the Banking Cash Transaction Tax (BCTT) for the State Governments and their entities including public sector undertakings and local bodies. The Chief Minister, Ms J. Jayalalithaa, in a letter ... More

AP records 16 pc growth in revenue collections
PROVING wrong apprehensions that the introduction of the value-added tax (VAT) system would adversely affect tax collection in the State, the Andhra Pradesh Commercial Taxes Department has reported a growth of 16.6 per cent in revenue collections ... More

SSI


SMERA to rate SBI clients
THE SME Rating Agency of India Ltd (SMERA) has signed a memorandum of understanding with State Bank of India for rating the SME clients of the bank. The organisation expects other commercial banks to follow the example of SIDBI in considering ... More

SIDBI, Srei tie up to lend to SMEs
KOLKATA: The Small Industries Development Bank of India (SIDBI) has signed an agreement with Srei Infrastructure Finance Ltd for joint financing of small and medium enterprises (SMEs). SIDBI currently funds the working capital needs of ... More

SBI signs pact with Crisil
STATE Bank of India and Crisil have signed a memorandum of understanding under which the latter will assign ratings to small-scale industries (SSIs) that are borrowers of SBI. These ratings will be carried out under the NSIC-Crisil performance ... More

WATER


`Alliance for Water' meet in Mangalore on Sunday
THE `Alliance for Water' will organise the first Netravathi river basin stakeholders' meet in Mangalore on October 23. Addressing presspersons here on Wednesday, Dr H.V. Parshwanath, Deputy Commissioner of Dakshina Kannada district and ... More

RADIO/TV


DD to telecast Sri Lanka, S. Africa series
CRICKET fans will be able to watch on Doordarshan the live action from the one-day international matches (ODI) when Sri Lanka and South Africa tour India in the forthcoming weeks. The decision to award the telecast rights to the public ... More

`DD best possible option'
WHILE the matter of television rights for next four years is sub judice, the BCCI marketing committee has taken an interim decision to ensure television coverage of the seven-match India-Sri Lanka series and five-match India-South Africa ... More

Sports channels have to share telefeed with Prasar Bharati — Cabinet clears uplinking, downlinking policy
THE Government has made it mandatory for private sports channels and sports rights management companies to share their television feed of events of national importance held in India or abroad with Prasar Bharati for terrestrial transmission and ... More

Zee not eligible: BCCI
THE BCCI on Thursday informed the Delhi High Court that it had opened technical bids for the award of four-year telecast rights to matches played in India and found that Zee Telefilms was not eligible to participate in financial bidding. Zee ... More

Sahara One plans to go for bouquet sales — Filmy channel to be launched soon
SAHARA ONE plans to change its ad sales strategy to bouquet sales, post the launch of its new Hindi movie channel, Filmy. Speaking to Business Line, Mr Purnendu Bose, CEO, Sahara One, said: "After launching the Filmy channel we might be ... More

EDUCATION


XLRI students to get taste of `real India'
FOR the students of XLRI, Jamshedpur, one of the country's premier management institutions, here is an opportunity to experience and savour the `real India'. First year students of the institute have to stay invillages for one week every year ... More

Floating varsity arrives in Chennai
EXPLORER, a floating university campus for the Semester at Sea programme under academic sponsorship by the University of Pittsburgh, US, arrived at the Chennai port on Wednesday. The ship arrived from Port St Louis in Mauritius, and will leave ... More

CARS


End of the road
An Ambassador car tows a vintage Premier on the Hyderabad roads on Thursday. In an age of multi-point fuel injection vehicles, there is hardly any room for oldies on the Indian ... More

AIR-CONDITIONERS & REFRIGERATORS


How to use ACs with energy-efficiency
ENERGY consumption by air conditioners can be reduced by 30-50 per cent by proper selection, operation and retrofit practices. Proper sizing, selection, installation, maintenance, and correct use are keys to lowering power costs entailed by an ... More

MEDICAL INSTITUTIONS & HOSPITALS


Lifeline Group opens new multi-speciality hospital
LIFELINE Group of Hospitals launched its Lifeline Multi-Speciality Hospital here on Thursday.Located along the IT corridor, the hospital hopes to be a one-stop hospital, offering a variety of services under one roof, according to Dr J. S. ... More

AP: Cabinet sanctions Rs 50 cr for VIMS
THE work on the proposed super-speciality hospital, Visakha Institute of Medical Sciences (VIMS), is set to begin soon, with the State Cabinet sanctioning Rs 50 crore for the project. The District Collector, Mr Praveen Prakash, who visited the ... More

REAL ESTATE & CONSTRUCTION


LIC to grow income from properties
LIFE Insurance Corporation of India has set its sights on developing its real estate portfolio, targeting a growth of 40 per cent in its net income. Mr K. Sridhar, Managing Director, LIC, said with around 70 per cent of LIC's properties coming ... More

PAPER, BOARD & NEWSPRINT


`Rising demand may force import of paper'
IN view of the country's rapidly growing per capita consumption of paper, its demand is estimated to grow to 94.35 lakh tonnes by 2015 from the present 55 lakh tonnes, said Mr K.S. Kasi Vishwanathan, President, Indian Pulp and Paper Technical ... More

PRINTING


Kinfra plans printing park
THIRUVANANTHAPURAM: Kerala Industrial Infrastructure Development Corporation (Kinfra) is looking at a joint venture with printers in the State to set up a park exclusively for the printing industry. Officials of Kinfra and ... More

PACKAGING


Putting lustre back to tinplate packaging
With easy-to-open cans and peel-offs increasingly becoming fashionable in developing economies, cans today could be leveraged upon to enhance the aesthetic value of any product offering. More

HUMAN RESOURCES


TRF: Hiring more to stay on growth path
EVEN as TRF Ltd's long-term vision envisages doubling of the turnover every four years, the material handling and allied services company is laying emphasis on fortifying its human resources capabilities to equip itself for the anticipated ... More

EVENTS


Bengal to be focus State at Delhi fair
WEST Bengal has been selected as the focus State for this year's India International Trade Fair scheduled to be held at Pragati Maidan from November 14-27. Uttaranchal is the partner State for the meet. Addressing the members of the Bengal ... More

BASF to organise Kids Lab in Delhi
AFTER conducting the Kids Lab in 10 countries, BASF, a German chemical company, will be conducting the Kids Lab in Delhi. Over 110,000 kids have participated in the lab, which started in Germany in 1997. In India, the programme will be ... More

FIs urged to design model that allows community collateral
PROF Yoginder Kumar Alagh, former Union Minister of Power and Planning and a noted economist, has asked the financial institutions to design structures that allowed community collateral for taking loans for viable projects. Delivering the ... More

INCOME TAX


I-T search operations at IL&FS
MUMBAI: Income-Tax authorities conducted search operations at the office of IL&FS at Bandra Kurla Complex in Mumbai on Thursday. When contacted, a senior official of IL&FS said the I-T authorities were conducting a survey for ... More

EXPORTS & IMPORTS


COMMODITY COMMENTARY
High margins trigger increase in soya oil imports
SOYABEAN oil imports into the country have displayed a significant spurt this year with arrivals increasing by over 100 per cent from last year. Imports expanded to 18.2 lakh tonnes (lt) during the first 11 months of the current oil year from ... More

Call to rationalise trade policies on bulk cargo
THE All India Liquid Bulk Importers and Exporters' Association (AILBIEA) has sought rationalisation of trade policies and elimination of multiple level taxes levied on bulk cargoes at different levels. It has also demanded drastic improvement in ... More

NATURAL CALAMITIES


`Efforts on to restore flights from Vizag by Saturday'
THE airport authorities here are making hectic efforts to restore flights from Saturday. "All efforts are being made for flight restoration by that day,'' Mr Suresh, the General Manager, Projects, Airports Authority of India, said. The airport ... More

TOURISM


TN Tourism Dept plans road shows
HAVING recorded the highest growth of 11.4 per cent in tourist arrivals last year, the Tamil Nadu Government has decided to take up concerted efforts in organising publicity and marketing campaigns for further promoting tourism in the ... More



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Top Stories
Global benchmarks in manufacturing — Indian arms of MNCs show the way


Black Monday revisited

Crude oil output dips by 7.3% in Sept

Steel cos likely to sustain growth on robust volumes

High margins trigger increase in soya oil imports

Cabinet gives in-principle nod for IBP-IOC merger

Sports channels have to share telefeed with Prasar Bharati — Cabinet clears uplinking, downlinking policy

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Oct. 9-Oct. 15
Bharat Diamond Bourse to be operational by June

Kraft paper price hike hits packaging industry

World Gold Council bullish on festival sales

`TDSAT must consider alternative methods of dispute resolution'

Shippers ride the US wave

Now, US grapes luring South Indian markets

`Low' over Bay strengthening

Gold jewellery exports likely to touch $5 b

`Entry level salaries for grads sharply up'

Advantages of duty sops, lower lead-time for exports — Textile cos begin to set up units abroad

Delay in announcing pepper export subsidy upsets growers, trade

Steady fall in manmade textile exports

`Farmer households spend 55 pc on food'

Industrial growth dips in Aug on slowdown in mining sector

China's growth projection to boost commodities

38 pc consider multiple brands before vehicle purchase: J.D. Power

Demand makes paint sector buck input costs pressure

Low tax-GDP ratio daunts India's quest to join developed world

World GDP growth hinges on India, China

Readymade exports grow 16.12 per cent in April-July

Hindi mass entertainment TV channels losing share — More takers for niche genres

Govt to float bonds to fund small hydel power projects

Car sales rise 10 pc in Sept; CVs up 14.3 pc

Absorption of ITS officers into MTNL, BSNL — SC dismisses DoT plea to vacate stay orders on contingency plan


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