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Thursday, November 10, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


IIM-B nets 74 foreign offers
AT the Indian Institute of Management, Bangalore, summer placements have become a global affair. This year (for the class of 2007), a total of 74 foreign offers were made on Day Zero compared to 41 offers last year. Students will get an ... More

CLIMATE & WEATHER


Heavy rains forecast as low pressure over Bay stays put
THE National Centre for Medium Range Weather Forecasting (NCMRWF) has maintained its outlook for widespread rains with heavy to very heavy falls for Tamil Nadu and Pondicherry for the next two days. In its weather update on Wednesday, the ... More

SOCIAL SECURITY


EPFO trustees meet today on interest rate
THE Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) will meet on Thursday to consider, among other things, the interest rate that could be paid to provident fund deposits for the current fiscal. The CBT would ... More

ECONOMY


NCAER revises GDP growth upwards to 7.6 pc
Even as exports are expected to remain buoyant, export growth in dollar terms is likely to decline from over 24 per cent last fiscal to nearly 22 per cent this year. More

FOREIGN TRADE


SAFTA must for regional growth: PM
ON the eve of the SAARC summit in Bangladesh, the Prime Minister, Dr Manmohan Singh, on Wednesday said regional economic integration could generate billions of dollars of new income, employment and trade. Consequently, the creation of a South ... More

INFRASTRUCTURE


Infrastructure: India, US to create stronger investment climate
INDIA and the United States today agreed to create a stronger investment climate to attract US private sector companies to invest in the Indian infrastructure sector. The agreement was reached at the third meeting of the India-US Financial and ... More

Contractors take Kerala Govt to task
THIRUVANANTHAPURAM: The Kerala Government Contractors' Association has said that the State Government had violated an assurance to the High Court about dropping the Performance-Based Maintenance and Management (PBMM) system for ... More

PSU


`Institutional innovation' of doubtful merit
S. Subramanyan on PSU auditors reporting to Parliament More

Govt committed to revival of sick PSUs: Sonia
THE Congress President and UPA Chairperson, Ms Sonia Gandhi, today reiterated the Government's commitment to revive sick public sector companies and said that the Manmohan Singh Government was taking steps to fulfil all its promises to the ... More

PHARMACEUTICALS


Reliance Life to begin clinical trials of prostrate cancer vaccine
RELIANCE Life Sciences Pvt Ltd is planning to soon commence clinical trials of a new vaccine, Relivax-DC, used in the treatment of prostrate cancer . Addressing a Global Conference on India R&D 2005 organised by FICCI, Dr Shakti N. Upadhyay, ... More

POWER


`Nuclear plants' contribution to global energy needs could be substantial'
THE global liability for decommissioning of nuclear power plants is a staggering $1,000 billion at present, according to Dr Yuri Sokolov, Deputy Director-General, Department of Nuclear Energy, International Atomic Energy Agency (IAEA). The ... More

Power Ministry to invite bids for setting up 4 mega projects
THE Union Power Ministry, though an empowered group, is planning to invite bids to set up four mega power projects in the country. Expressions of interest will be invited from potential bidders in the next four months. Each project will have ... More

TEXTILES


Asian textile conference in New Delhi next month
THE Asian Textile Conference, ATXCON 2005, will be held in the Capital on December 1-2. Organised by the Confederation of Indian Textile Industry (CITI), the conference will provide Asian countries a platform to discuss and evolve a coordinated ... More

SSI


`SMEs will have to wait to get benefits of ratings'
THE services of the two-month-old credit rating agency promoted by the Small Industries Development Bank of India (SIDBI) have been used by over a hundred small and medium enterprises, according to Mr N. Balasubramanian, Chairman and Managing ... More

ISED network to handhold SMEs
THE Kochi-based Institute of Small Enterprises and Development (ISED) has set up a national network called INSLED-India to promote local enterprises. This network is part of the International Network on SMEs for Local Economic Development, ... More

RADIO/TV


Zee's new music, lifestyle channel for Arab region
ZEE Network today announced the launch of Zee Arabiya, a music and lifestyle channel. The channel will cater to music lovers in English, Arabic, and other Asian multi-cultural programming mix. It is the first of Zee's customised bouquets for ... More

FOODS & FOOD PROCESSING


Germany seeks jt ventures in Bengal food processing
A 15-MEMBER business delegation on food processing from Germany has begun interactions with officials and local business houses in the city with the objective of exploring the potential of the food processing sector in West Bengal and identifying ... More

REAL ESTATE & CONSTRUCTION


DLF to buy land from Mico in Chennai; plans office complex
DLF Commercial Developers Ltd has decided to buy a 4.41-acre property in Chennai from Mico Bosch for about Rs 138 crore, and plans to develop it into a retail and office complex. "We have bought the plot on Commander-in-Chief Road in Chennai ... More

DISINVESTMENT


Govt weighs divestment in profit-making PSUs — List excludes Navratnas, says Chidambaram
NOTWITHSTANDING the Left parties' objections, the Government appears to be hopeful of selling shares in some public sector undertakings. The Finance Minister, Mr P. Chidambaram, said on Wednesday that the Government is considering ... More

Left open to talks on small stake sale in non-Navratna PSUs
REACTING to the Finance Minister, Mr P. Chidambaram's statement in Mumbai today that the Government would sell small stakes in non-Navartna but profitable public sector undertakings (PSUs), representatives of the Left parties said that they were ... More

WTO


Geneva talks inconclusive
THE multilateral trade negotiation discussions in Geneva, in which nearly 20 trade ministers took part representing the larger membership of the World Trade Organisation (WTO) to break the logjam in the run-up to Hong Kong Ministerial, ended ... More

EVENTS


Thailand visa centre opens in Chennai
THE Royal Thai Embassy announced the opening of the Visa Facilitation Services' (VFS) Thailand visa application centre here. The centre will cater to Indian residents who wish to apply for transit visas, tourist visas or non-immigrant visas. ... More

CII quality summit begins at Bangalore
THE three-day 13th Quality Summit to begin on Thursday will lay stress on the new concept of Breakthrough Management. As the global enterprises are focusing on converging their resources to evolve strategies and norms for reducing costs and ... More

Workshop on voice disorders at Thiruvananthapuram
THIRUVANANTHAPURAM: The Kerala Institute of Medical Sciences will host a surgery workshop on `voice and swallowing disorders' in the city on November 26 and 27. The workshop will deal with voice disorders and also with swallowing ... More

WIEF to chant success mantra for India
THE Wharton India Economic Forum 2005, a student-run business conference, will be held on November 18 in Philadelphia. The theme of the conference is `India's Mantra for Success'. According to a press release from the Wharton School, the ... More

ECONOMIC OFFENCES


SFIO suggests action against Mardia Chem over funds misuse
The SFIO report said the company had indulged in falsification of accounts, false promoters claims, and diversion of funds. More

Govt to examine Volcker report to probe Company Law violations
THE Ministry of Company Affairs (MCA) is examining the Volcker Committee report to ascertain whether there were any violations by the Indian companies named in it that required scrutiny under the Companies Act. The Volcker Committee had ... More

PM rules out Natwar Singh's resignation
THE Prime Minister, Dr Manmohan Singh, today ruled out the resignation of the senior Congress leader, Mr Natwar Singh, from the Cabinet following the allegations in the Volcker Committee report. Speaking to newspersons on the sidelines of the ... More

PEOPLE


K.R. Narayanan passes away
According to the Commandant of Army's Research and Referral Hospital, New Delhi, Major General O.P. Mathew, Mr Narayanan was admitted to the hospital on October 29 as he was suffering from pneumonia and renal failure. The former President was on ... More



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Top Stories
Infrastructure: India, US to create stronger investment climate


Oil, inflation and interest rates

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No transaction costs for shifting DP accounts

Over 50 tea exporters figure in Volcker report

Uniform call rates across country from January: Maran

Heavy rains forecast as low pressure over Bay stays put

HLL charts new products, markets for marine biz

In Focus

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In Depth

Gender Justice
Simple Economics
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Looking back
Oct. 30-Nov. 5
Business confidence index up 1.3 pc: NCAER

HAL deals to open new doors for local players in outsourcing

Foundation stone laid for ONGC Tripura Power unit — Free trade agreements will benefit N-E region: PM

Watch for monsoon revival on

Avian flu: Govt puts in place surveillance system

No perceptible impact of I-T ad campaign on assessees, say CAs

Govt employment statistics under-reported by 20 pc

Exporters cancelling forward dollar cover

Patient vs Patent debate: Move on Tamiflu to set the trend

Festive Oct sees record auto sales

ONGC, BPCL keen on trading in NCDEX natural gas futures

SAIL, 3 others cut prices

Infrastructure SPV welcome, but speedy clearances vital: Industry

Low-pressure over Bay moving west

National steel policy: Focus on efficiency, productivity

Indian textile exports expand into new markets


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