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Thursday, December 01, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Rains buoy fertiliser demand in South
FACT is getting increased orders from TN and AP. More

Coastal AP in line of fire as `Baaz' aims to spare Chennai
TROPICAL Cyclone Baaz paused to take a breath 450 km east-southeast of Chennai on Wednesday morning, but is getting set for the one mighty heave that will take it straight to south coastal Andhra Pradesh latest by Thursday evening. Chennai is ... More

ECONOMY


Economy grows at 8 pc in Q2 — Manufacturing, services are main drivers; some key sectors falter
The electricity, gas and water supply segment was down to a 3.3-per cent growth in the July-September period. More

FERTILISERS


Coromandel Fert, GSFC ink deal with Tunisian co
NEW DELHI: Coromandel Fertilisers Ltd and Gujarat State Fertiliser Corporation have entered into an agreement with the Tunisian company, Groupe Chimique Tunisien, for a phosphoric acid unit. The proposed joint venture company will set ... More

FOREIGN TRADE


Oman, India council to set up panel to resolve disputes
THE Oman-India Joint Business Council (JBC) has decided to set up an independent commercial arbitration committee to resolve disputes. Mr Jamil Ali Sultan, Chairman of Oman India JBC, told Business Line that the members of the council, ... More

`UK looking for more trade ties with India'
AN increasing number of Indian companies are using the UK as a base to enter the single EU market and India now stands at the eighth position in overall foreign direct investment into the UK. According to the British High Commissioner in India, ... More

`US reiterates commitment on business in Bengal'
THE US commitment to doing business in West Bengal continues and is again growing as part of a comprehensive engagement with India, which concluded during the Prime Minister, Dr Manmohan Singh's "successful" visit to the US in July 2005. This ... More

HEALTH


`Bird flu could hit BPO, IT sector in India'
THE global spread of avian influenza or bird flu is a cause for concern not just among healthcare providers but industry as well. According to a report prepared by Hill & Associates, a multinational risk management consultancy firm, sectors such More

Glimmer of hope
A young inmate of Hyderabad Freedom Foundation's `Diya' plays innocently on Wednesday, on the eve of World AIDS Day on Thursday. `Diya' takes care of HIV-positive children who are either orphaned or abandoned by their parents. ... More

INFRASTRUCTURE


More Japanese investments sought in infrastructure
A JAPANESE business delegation led by the Nippon Keidanren Chairman, Mr Hiroshi Okuda, called on the Union Minister for Finance, Mr P. Chidambaram, and discussed issues including the infrastructure bottlenecks hindering Japanese investment in the ... More

PSU


Govt expects liberal dividends from PSUs
WHILE the Centre has initiated a series of austerity measures to cut down expenditure, it expects to mop up additional resources with generous payouts by the profit-making PSUs by way of dividends and special dividends. It also wants PSUs with ... More

PETROLEUM


LPG shortage situation to ease soon: Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, informed the Lok Sabha on Wednesday that the shortage situation of liquefied petroleum gas (LPG) in the country is expected to normalise soon. The oil marketing companies (OMCs), which had ... More

PHARMACEUTICALS


Pharmexcil aims at 35 pc annual export growth next 5 years
THE Pharmaceuticals Export Promotion Council (Pharmexcil) has projected a 35 per cent per annum growth in exports during the next five years to take the total export figure to Rs 62,000 crore from Rs 17,000 crore now. According to the ... More

Analysis tool for drug cos
NEW DELHI: HCL Technologies Ltd and Saila Systems Inc, Japan, have announced the launch of Panax Finder, a statistical analysis software package that can be used by pharmaceutical companies in the drug discovery process. "This software ... More

TAXATION


Tax losses: Karnataka gets Rs 251.16-cr compensation
KARNATAKA has received a compensation of Rs 251.16 crore from the Centre for tax losses incurred due to transition to the value added tax (VAT) regime. Speaking to newspersons here on Wednesday, the State Finance Minister, Mr P. G. R. Scindia, ... More

SSI


SBI to disburse Rs 550-cr loan to SMEs in AP
STATE Bank of India will lend Rs 550-600 crore to the small and medium enterprises (SMEs) in Andhra Pradesh during the current financial year. In an interaction with traders here on Tuesday evening, Mr S.W Tanksale, Deputy General Manager, in ... More

EDUCATION


LIBA to tie up with more foreign varsities
THE Loyola Institute of Business Administration (LIBA) will look to add to its existing tie-ups with foreign universities in the near future, with collaborations with institutes such as the University of Dayton, Ohio, US, and the Catholic ... More

REAL ESTATE & CONSTRUCTION


Ansal Properties signs pact with UP Govt for hi-tech city in Lucknow
THE Delhi-based Ansal Properties & Infrastructure Ltd (APIL) has signed a memorandum of understanding with the Uttar Pradesh Government to develop a hi-tech city in Lucknow. "The township is expected to be completed in five to six years. The . More

Bangalore party clinches Standard Motors' property
THE Bangalore-based Sriram Properties Pvt Ltd on Wednesday obtained the green signal from the Madras High Court to buy the land and other properties at Perungalathur, a suburb of Chennai, from Standard Motor Products of India Ltd (now in ... More

`Demand for construction equipment to go up'
AN estimated investment of $200 billion in infrastructure and construction projects in the next five years is expected to drive the demand for construction equipment and technology triggering considerable foreign investment. The demand growth ... More

EVENTS


PRSI meeting in Thiruvananthapuram
THIRUVANANTHAPURAM: A meeting of the Public Relations Society of India, Thiruvananthapuram Chapter, will be held here on Thursday at Hotel South Park. New members will be enrolled on the occasion, a PRSI spokesman said here. Public ... More

ECONOMIC OFFENCES


SEBI bars 12 CSE brokers for price rigging
THE Securities and Exchange Board of India today barred 12 stockbrokers of the Calcutta Stock Exchange from trading till further orders for "artificially inflating the share prices" of Nageshwar Investment Ltd, Adinath Bio-labs Ltd, Globe Stocks ... More



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Top Stories
Great Eastern handed over to Bharat Hotels chain


Govt may pick up equity stake in SemIndia-AMD unit

Time to take a leaf out of China's books

Hyundai Motor India flags off first shipment to UK

Oilseed prices tumble; mustard below MSP

Govt expects liberal dividends from PSUs

In Focus

FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Nov. 20-Nov. 26
Shipping cos yet to ride out `service tax' storm

Uniform retail drug prices across country by year-end: Paswan

Dismissal from service for taking bribe set aside

Now, most banks focus on SMEs

Sales tax sops: Ministry not keen to encourage industry demands

`World oil prices likely to settle at $64 up to 2010'

Processed foods: `Adherence to safety norms vital'

Crowding broadcast space to lower margins

`Cement cos margins under pressure'

Gold likely to increase on slowdown in US growth

Hewitt study forecasts fatter pay packets for Indian employees

CCEA nod for offloading of cross-holdings among oil majors

India, Turkey sign MoU for oil exploration

Shortage of off-the-road tyres may hit coal output

Rubber traders threaten to halt exports — VAT claims yet to be refunded

Fresh `low' promises another wet spell

Russia keen to participate in Iran-Pak-India pipeline project

IT sector's contribution to employment `not so good'


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