Financial Daily from THE HINDU group of publications
Thursday, February 02, 2006
Markets (Feb 01)
BSE Sensex9859.26 (-60.63)
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US Dollar (Buy/Sell)44.16/44.29


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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Misty moments
A scene from Thiruvananthapuram city at early morning on Wednesday. The State experiences coldest weather during January-February. In the coastal areas of the State, night temperatures have fallen below 18 degree centigrade while in the hills of ... More

Extended range weather forecast on anvil
SIX premier national agencies have entered into an agreement for implementing an extended range forecast system (ERFS) by means of which forecasts on weather will be attempted at the regional/district level. The project, fully funded by Union ... More

BUDGET


Kerala budget on Feb 10
THE Kerala budget for 2006-07 will be presented in the State Assembly on February 10. The budget session of the Assembly will commence on February 3 with the customary Governor's address. The 15-day session will conclude on February 24, the ... More

CEMENT


As global majors strengthen presence — Indian cement industry logs highest growth in output
GLOBAL cement majors such as Holcim forking out huge premiums to strengthen their presence in the Indian market should come as no surprise with the domestic cement industry registering the fastest growth in production globally over the last 10 ... More

COURTS/LEGAL ISSUES


Resigning without notice — Pilots body moves HC against DGCA fiat
THE Indian Commercial Pilots Association (ICPA) has challenged in the Madras High Court a directive of the Director General of Civil Aviation (DGCA) that made it mandatory for all pilots to give six months notice before resigning and also ... More

Nalsar team wins India round of moot court contest
STUDENTS of NALSAR (National Academy of Legal Studies and Research) University of Law emerged winners at the Indian round of the Phillip C. Jessup International Law Moot Court Competitions held in Chennai recently. Forty teams from all over the ... More

ECONOMY


PM for moderate tax regime
THE Prime Minister, Dr Manmohan Singh, today said that his Government was committed to a `broad-based and moderate' tax regime, even as he categorically ruled out disinvestment of Navratna public sector undertakings. In his second press ... More

`Economic disparities can disturb national peace'
THE West Bengal Governor, Mr Gopalkrishna Gandhi, has cautioned about the continuing economic disparities in the country which, if not addressed immediately, could disturb national peace and harmony and affect the growth projections of the ... More

FOREIGN TRADE


India, UK to target doubling of bilateral trade
INDIA and the United Kingdom should aim at doubling bilateral trade and investment within the next three years, the Commerce and Industry Minister, Mr Kamal Nath, has said. Speaking at the second meeting of the UK-India Joint Economic Trade ... More

Negative list for BIMSTEC FTA being fine-tuned
THE Commerce Ministry said the negative list for the Free Trade Agreements (FTAs) with BIMSTEC countries is being re-finalised. However, the July 1 deadline for the implementation of the FTA would be met, said Mr Rajeet Mitter, Joint ... More

PETROLEUM


ONGC plans to push Mumbai High oil production
THE state-run ONGC is planning to push Mumbai High oil production to 3,00,000 barrels per day by June 2006. This is higher than 2,75,000 bpd oil production recorded from the field till fire struck the Mumbai High North platform in July, 2005. ... More

PHARMACEUTICALS


NPPA raises bulk drugs, formulations prices
THE National Pharmaceutical Pricing Authority (NPPA) on Wednesday fixed and revised the prices of a host of formulations and bulk drugs. According to an official release, it has revised the price of bulk drug Metronidazole and its derivative ... More

TAXATION


Ministry asks panel to come up with detailed design for VAT on imports
THE Finance Ministry has asked the Empowered Committee of State Ministers on Value-Added Tax (VAT) to come up with a "detailed design" for levy of VAT on imports. While the States are making a case for VAT on imports to prevent tax evasion, ... More

TEXTILES


TN Govt support sought for manpower training in textile industry
THE Coimbatore District Exporters and Importers' Association (Codexia) has asked the Union Government to lay greater emphasis on manpower training by setting up new training institutions with the help of the regional textile associations. In a ... More

SSI


Delta loyalty programme for SMEs
DELTA Air Lines launched SkyBonus, a dedicated corporate loyalty programme designed for small and medium enterprises (SMEs) in India. Under this programme, SME companies can earn points which they can redeem for a flexible range of business ... More

FAPI plea to banks
VISAKHAPATNAM: The Federation of Andhra Pradesh Industries (FAPI) has urged the commercial banks to increase lending to the small and medium enterprises, as the SME sector is crucial for generating employment. In a statement issued here, ... More

WATER


Govt allows more funding for water contamination
THE Government on Wednesday modified two components under the Accelerated Rural Water Supply Programme (ARWSP) to make allocation of funds more focussed. "If any, focussed funding is required to tackle severe cases of contamination of water, ... More

EDUCATION


Alagappa University, CECRI: Excellence in education, research
ALAGAPPA University, in the industrially backward district of Sivaganaga in Tamil Nadu, was established in 1985 at Karaikudi, with a `vision to excel in all spheres of education'. Born out of the philanthropic attitude of Dr R.M. Alagappa ... More

What they say
"As the daughter of Dr Alagappa Chettiar, founder of the Alagappa Institutions, I am very happy to note that Alagappa University today is realising his dreams, which was to serve the community by bringing professional education to its doorsteps ... More

GEMS & JEWELLERY


Gem & jewellery exports surge to $17 b in 2005
THE gem and jewellery industry has once again beaten market expectations despite the difficult global market conditions and severe pressure on margins. According to the performance figures announced by the Gem and Jewellery Export Promotion ... More

REAL ESTATE & CONSTRUCTION


An apartment for Rs 1.5 cr — Coimbatore matches metros
TO the people of Coimbatore, still in the process of getting used to living in apartments, it should come as a pleasant surprise that an apartment in the posh Race Course area could cost so much. But it is also a confirmation that the city, long ... More

BIO-TECH & GENETICS


`Create manpower for research in bioinformatics'
THERE is a need to create high-end manpower for quality research in the field of bioinformatics, according to Mr U.N. Behra, Joint-Secretary, Department of Biotechnology (DBT). Inaugurating a national symposium on `Bioinformatics,' jointly ... More

GRANITE & MARBLE


Granite beauty
A view of a stall at the five-day `Stona 2006', the 7th International Granites and Stone fair at Palace Grounds in Bangalore on Wednesday.

More

Cuddly granite
Teddy bears carved out of sandstone from Kurnool in Andhra Pradesh on display at the 7th International Granites and Stone Fair, STONA 2006, in Bangalore on Wednesday. A set of three is priced at Rs ... More

FOREIGN DIRECT INVESTMENT


`Retail sector will be opened up further in a calibrated manner'
THE retail sector would be opened further for foreign direct investment in a calibrated manner, said Dr Ashwani Kumar, who took over as Minister of State for Industry in the Union Ministry of Commerce and Industry on Wednesday. "There is a ... More

EVENTS


MMA convention begins in Chennai tomorrow
"THIS India Knows No Boundaries''. That is the theme of the Madras Management Association's (MMA) golden jubilee convention to be held in Chennai on February 3-4. According to an MMA release, the Union Minister for Communication and Information ... More

Bio Asia meet from Feb 9 — US co Albany plans R&D facility in Hyderabad
THE US-based drug discovery and development major Albany Molecular Research Inc would set up its research facility at the ICICI Knowledge Park here. According to Mr Utkarsh Palnitkar of Ernst & Young, apart from setting up a research centre at . More

EXPORTS & IMPORTS


Market agog with reports of curbs on soya oil import
THE vegetable oil market is agog with reports of the Government toying with the idea of restricting soyabean oil imports. These reports have created a flutter in trade circles, although no confirmation is forthcoming from any Government ... More

TOURISM


BUSINESS LINE FEATURE: KARAIKUDI - KALEIDOSCOPE
Heritage tourism waiting to be tapped
KARAIKUDI, a developing urban centre in the backward Sivaganga district in Tamil Nadu, is emerging as a tourist hub in the efforts towards promotion of heritage tourism in the State. It is located between Tiruchirapalli and Rameswaram. Situated ... More

CII bid to promote tourism
THE Confederation of Indian Industry (CII) has taken up an action plan with the Government of Tamil Nadu to promote tourism in the State as it believed in adding value to the development efforts in the State, Mr T.T. Ashok, CII Chairman, Social ... More




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Top Stories
Nuclear negotiations — India has the upper hand


Seed spices production up on favourable weather conditions

Drop in global piracy attacks: IMB

Govt may hike capital base of non-life insurers to Rs 250 cr

As global majors strengthen presence — Indian cement industry logs highest growth in output

Gem & jewellery exports surge to $17 b in 2005

TNT to invest 100 m euro in India — Rolls out domestic services

Ten Sports to hike ad rates for ODIs by 30 pc on DD feeds

UB reports higher Q3 net, income on volume growth

ONGC likely to get valuation report on SPIC Petro soon

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 22-Jan. 28
Govt expects over Rs 20.7 cr from FM radio bidding

BALCO stake sale: Govt hopeful of good return

Deposits exempt from TDS on interest — CBDT plans change in banks' reporting details

Russia keen to supply nuclear plants to India

Amex's security product targets frequent travellers

Pvt equity, venture capital cos raise $950 m via IPOs: Study

UN pat for India's `economic performance' — Manufacturing, infrastructure development in forefront

Bullion trade down 25-30 pc: WGC

Deciding the tax rate — Factor in the bribe rate too

Leather product exports top $1.4 b in April-Oct

PM sets up task force on petrochemicals investment regions

Chilli output seen lower on damage by rains

Chidambaram says 10 pc GDP growth possible

India, Saudi Arabia sign strategic energy pact — Long-term contracts planned for crude supplies


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