Financial Daily from THE HINDU group of publications
Thursday, February 09, 2006
Markets (Feb 08)
BSE Sensex10044.82(-37.46)
S&P CNX Nifty3008.95 (-11.15)
US Dollar (Buy/Sell)44.23/44.36


News
Features
Stocks
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


MK varsity plans to establish windmill
A PROPOSAL to establish a windmill to offset the rising expenditure on electricity is under consideration of the Madurai Kamaraj University, whose annual budget provision for the purpose during the 2005-06 academic year is Rs 1.71 crore. The ... More

SOCIAL SECURITY


Farm workers' pension puts strain on Kerala's finances
THE Agricultural Workers' Welfare Fund, from which monthly pension is being paid to indigent farm workers, is facing problems, the Labour Minister, Mr Babu Divakaran, said in the State Assembly on Wednesday. He said this was on account of ... More

AWARDS & HONOURS


Industry foundation award for Exim Bank chief
THE Foundation of Indian Industry and Economists has announced its awards for various segments at the International Business Summit on India, organised in the Capital. The CMD of Export Import Bank of India, Mr T.C. Venkat Subramanian, has ... More

ECONOMY


`Economy on a roll, but common man's concerns remain'
The paradox of Indian manufacturing industry in the early 1980s was that of a labour-rich, capital-poor economy using too little of the former and using the latter very inefficiently. More

Maharashtra Plan outlay pegged at Rs 14,829 crore
THE Plan outlay for Maharashtra for 2006-07 was fixed at Rs 14,829 crore at a meeting here on Wednesday between Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, and the Maharashtra Chief Minister, Mr Vilasrao Deshmukh. The ... More

Services sector fuels 9.2 pc growth in Kerala
THE Kerala economy recorded a growth rate of 9.2 per cent in 2004-05, according to the Economic Review-2005 presented in the State Assembly on Wednesday. Quick estimates showed that the high growth rate was made possible by a 13.8 per cent ... More

`Manufacturing sector posts moderate growth'
TWENTY FOUR of the 139 sectors in manufacturing have recorded growth of 20 per cent or more during April-December 2005, compared to the same period of 2004, according to a survey carried out by the Association Council of the Confederation of ... More

ENVIRONMENT


CII, Govt of Victoria tie up for jt research
THE Government of Victoria, Australia, has entered into a memorandum of understanding (MoU) with the Confederation of Indian Industry (CII) to promote and conduct joint research in issues related to green buildings. The pact would facilitate ... More

FOREIGN TRADE


Australia moots jt ventures with Indian companies — Energy, IT, oil favoured areas
AUSTRALIA is keen on joint ventures with Indian companies and investments in important areas like energy, information technology (IT) and oil exploration. The country has embarked on massive expansion in the energy sector, with 14 new thermal ... More

India, Serbia sign double tax avoidance treaty
INDIA and Serbia & Montenegro have signed a double taxation avoidance convention (DTAC) to promote trade and investment between the two countries. The Convention provides for moderate rates of taxes on certain categories of income in line with . More

HOTELS


Courtyard hotel opens in Chennai
NEW DELHI: The first Courtyard hotel by Marriot has opened in Chennai. The 238-room hotel is aimed at business and leisure travellers. The room rates range between $150-$225 plus taxes. ... More

PETROLEUM


Rangarajan panel may propose changes in petro-pricing mechanism
THE committee on petroleum product pricing and tariff structure, headed by Dr C. Rangarajan, will submit its report on Tuesday. It is expected to lay emphasis on protecting the interests of all stakeholders - oil companies, Government revenue ... More

India committed to Iran pipeline project: Deora
THE Petroleum Minister, Mr Murli Deora, has reiterated India's commitment to the multi-million dollar Iran-Pakistan-India gas pipeline project. Mr Deora said the dialogue on the project would be taken further when Pakistan's Oil Minister ... More

Oil bonds to carry 7 per cent interest
THE Finance Ministry has accepted the recommendation of the Petroleum Ministry to change the terms and conditions of the oil bonds to be issued to oil companies to partly compensate them for losses due to selling petroleum products below cost ... More

PHARMACEUTICALS


Vulture decline: Pressure builds to ban Diclofenac
The conservationists' plea to save the vulture has had some impact, with the Animal Husbandry Department "advising" State Governments not to purchase or stock the drug in their dispensaries. More

POWER


Maharashtra for restarting Dabhol plant with naphtha as feedstock — Willing to pay more for power
WITH Maharashtra already paying more than Rs 7 per unit for additional power supply from National Thermal Power Corporation, the State Government is now pressing the Centre to re-start the Dabhol plant with naphtha as feedstock, even if it means ... More

Maharashtra to hike power capacity
THE Maharashtra Government has decided to enhance the power generation capacity in the State by 1000 MW. A proposal would soon be introduced in the Cabinet for discussions, said Mr Dilip Walse Patil, Energy Minister, at a press conference. ... More

TAXATION


Indirect tax collections up 16.2 pc in April-Jan
BUOYANT tax collections and a better-than-expected economic growth forecast by the Central Statistical Organisation (CSO) may help the Finance Minister, Mr P. Chidambaram, in meeting the revenue and fiscal deficit targets set out in the Union ... More

SSI


Citi eyes 20 pc growth in SME business
THE SME Rating Agency of India (SMERA) is helping small and medium enterprises receive loans at a discounted interest rate. Banks that are offering concessions to the SME segment based on SMERA's ratings include Bank of India, Andhra Bank and ... More

COAL


Hurdles to Bharat Coking tapping Jharia fields cleared
The Jharkhand government has formed a rehabilitation and development authority with a plan to set up townships where all residents and business establishments located on the fire-prone area would be shifted. More

EDUCATION


Osmania varsity plans global foray, Rs 9-cr hub
OSMANIA University is now planning to go global and establish a university-academia hub. The Vice-Chancellor of Osmania University, Mr Mohammed Suleman Siddiqi, said that the university would soon begin offering educational courses to those ... More

TWO/THREE WHEELERS


Ungeared for growth
The gearless scooter segment is seeing a spate of launches. These vehicles make up 80 per cent of scooter sales and most of the customers are women. More churn is expected with Hero Hondo too entering the market. More

REAL ESTATE & CONSTRUCTION


Kotak India Real Estate Fund-I raises $100 m
KOTAK Mahindra Realty Fund's close-ended venture capital fund Kotak India Real Estate Fund - I, has closed its domestic tranche raising $100 million (around Rs 440 crore). In addition, the fund has received commitments of $60 million, which is ... More

`Reality 2006' from Feb 11 in Bangalore
BANGALORE: A biannual exhibition of the Karnataka Ownership Apartments Association (KOAPA), REALITY 2006 is beginning here in the city from February 11. The two-day exhibition will bring together some of the leading housing financial ... More

INDUSTRY ASSOCIATIONS


TN chamber opposes compulsory use of Hindi
THE Tamil Nadu Chamber of Commerce and Industry has strongly opposed the recent move by the Union Ministry of Home Affairs to make it compulsory for all companies (domestic as well as multinationals), marketing or advertising their products ... More

SCIENCE & TECHNOLOGY


Space sciences seminar in Andhra varsity from today
THE 14th National Space Science Symposium (NSSS 2006) is being organised at the Department of Physics, Andhra University, for three days from Thursday. Prof. L. Venugopala Reddy, Vice-Chancellor of the university, said the seminar would cover ... More

FOREIGN DIRECT INVESTMENT


Russia to plough back India's debt payments as investment
INDIA and Russia have reached an agreement under which India will reimburse its $1-billion debt to Moscow, which will then invest the funds into the Indian economy, a Russian Government statement quoting the Economy Minister, Mr German Gref, in ... More

SOCIAL WELFARE


Dakshina Kannada NGO to take up projects in Rajasthan
THE Dakshina Kannada-based NGO, Sri Kshetra Dharmasthala Rural Development Project (SKDRDP), is now planning to spread its activities in other StatesIt has decided to venture into two districts in Rajasthan. Sources in SKDRDP told Business ... More

EVENTS


Goa Chief Minister to inaugurate meet on urban space
THE Goa Chief Minister, Mr Pratapsingh Rane, will inaugurate IUSP-`06, a three-day conference that will deal with challenges of urban space relating to infrastructure, environment and governance on Thursday at Fort Aguada resorts in North Goa. ... More

Tread carefully!
A delegate to the CII's meeting with the Australian Minister at the Godrej-Green Business Centre in Hyderabad on Wednesday is halted on her tracks by two little ... More

Raw materials expo to be held in Coimbatore
INDUSTRIAL Raw Materials Expo (INDRAW 2006) is being organised here by the Coimbatore District Small Industries' Association (Codissia) and the National Small Industries Corporation (NSIC) from February 16 to 18 at the Codissia trade fair ... More

EXPORTS & IMPORTS


Oilmeal exports increase 36 pc
THE country's oilmeal exports increased 36 per cent to 29,50,850 tonnes during the first 10 months (April 2005-January 2006) of the current fiscal compared with 21,67,653 tonnes in the year-ago period. Oilmeal exports in January stood at ... More

Forex loans — Exporters first: RBI
THE Reserve Bank of India has directed banks to give priority to exporters in granting foreign currency loans over non-export borrowers. This is one of the recommendations of the RBI's Working Group set up to review export credit, which was ... More




Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Top Stories
Maharashtra for restarting Dabhol plant with naphtha as feedstock — Willing to pay more for power


SC bars DD from airing Fourth Umpire show

LIC Housing loans to get costlier by 50 bps from Friday

World pepper demand-supply disparity widens

PRCL to offer container services on rail tracks

Jet may need aircraft acquisition panel's nod for Air Sahara buyout

ONGC `dry run' in Bengal continues

In Focus

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

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jan. 29-Feb. 4
India seeks FDI that can generate employment — Assures to put 'best foot forward' to help investors

Exim Bank moots policy interventions to boost demand for vanilla

IRDA seeks review of health cover products

Carbon trading: 20 Indian projects registered at UN panel

VAT implementing States' tax revenues up 15.8% in April-Dec

Transfer pricing audits — Govt unlikely to do away with `secret comparable' practice

Creating energy security priority area: Murli Deora

Ministry moots 51% FDI in agri-business

NMDC divestment: Govt seeks EoI from merchant, investment bankers

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

Gem & jewellery exports surge to $17 b in 2005

Over 45 pc dip in Nov-Jan vegoil imports

Crisil, ICRA to offer IPO grading services — Fitch to `wait and watch'

Deora hints at relief for oil cos in Budget

Mallya hits out at UK whisky body for lobbying against Indian-made liquor

Oil Ministry hopes to get contracted 5 mt LNG from Iran — But talks for additional 2.5 mt may be tough

Antrix-EADS Astrium team to build satellite for Eutelsat

`Growth in manufacturing sector key to generating employment'

Soyameal exports may top 22 lakh t by March-end

Govt set to garner Rs 1,100 cr from FM radio privatisation


Lufthansa

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line