Financial Daily from THE HINDU group of publications
Friday, March 03, 2006
Markets (March 2)
BSE Sensex10626.78(+61.31)
S&P CNX Nifty3150.70(+27.60)
US Dollar (Buy/Sell)44.38 (-0.02)


News
Features
Stocks
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


Bannari Amman to set up bio-diesel plant
Production likely to begin in July More

BUDGET


Leeway for individual MFs likely
After providing greater leeway to the mutual fund industry on overseas investments, the Government is considering a major hike in the cap on overseas investment by individual fund houses. Indications are that the fresh cap could be set at about ... More

Branded seafood may turn affordable
Poultry too may gain from Budget proposals More

Budget doubles excise duty on sugar
Additional duty merged with basic levy through notification More

Financial planners to redraw strategy
To capitalise on budgetary announcements More

Import duty on melting scrap hailed
The ship-breaking industry of Alang in Gujarat stands to benefit from the Union Budget announcement imposing a 5 per cent duty on imports of melting scrap. "We had made a representation seeking removal of the 5 per cent duty on ship-breaking to ... More

Seminar on Budget on March 7
ING Vysya Bank and The Hindu Business Line are organising a seminar on the Union Budget at the VUDA Children's Theatre on March 7 from 6-9 p.m. Mr E.A.S. Sarma, former Secretary in the Department of Economic Affairs, will chair the ... More

REPORTER'S DIARY
Hopping chambers
The best of intentions can go awry. The Finance Minister, Mr P. Chidambaram, decided this time to dispense with the practice of chamber-hopping, the day after the Budget, and instead called all the industry organisations together for an ... More

`No major surprises for life insurance'
There are no major surprises for the life insurance industry. There were some minor benefits in FBT relief in superannuation and pension forming part of the Rs 1-lakh limit, says Mr Sam Ghosh, CEO, Bajaj Allianz. "We hope ... More

CEMENT


Cement majors post increase in sales
Cement majors have reported a substantial year-on-year increase in volume sales for the month of February. The Associated Cement Companies reported a 11.8 per cent increase in sales at 15.34 lakh tonnes ... More

ENVIRONMENT


Global meet on environment in New Delhi
An international conference on `Environment Management Practices in India' is being organised by the Pacific Institute of Management, Udaipur from March 3-5. The sponsor of the conference, All-India ... More

FOREIGN TRADE


Back to business
LEADING THE WAY: Mr Analjeet Singh (left), Chairman, Max New York Life Insurance, and Ms Kiran Mazumdar-Shaw, CEO of Biocon, with other industrialists coming out after meeting the US President, Mr George W. Bush, at Hyderabad House in the Capital ... More

Ceremonial reception
FOSTERING TIES: The US President, Mr George W. Bush, and his wife, Ms Laura Bush, being welcomed by the President, Mr A.P.J. Abdul Kalam, and the Prime Minister, Dr Manmohan Singh, and his wife, Ms Gurusharan Kaur, at the ceremonial reception at ... More

HEALTH


Ban likely on alcohol, tobacco additives in food products
The taste of ice-creams laced with rum or chocolates filled with champagne may just linger in your mouth long after these have gone off-the-shelves. But, the Health Ministry is hoping to discourage manufacturers from adding alcoholic beverages, ... More

Web site on bird flu
Mercer Human Resources Consulting has launched a dedicated Web site to serve as an information resource for businesses that want to prepare for a potential bird flu pandemic. The H5N1 bird flu virus is not easily transmitted from ... More

US, India to work together on HIV/AIDS
The US and India today agreed to jointly work to curb the spread of HIV/AIDS, by exploring all possible avenues, including expediting drug approval process at the US FDA and strengthening bilateral co-operation, to fight the disease globally. ... More

INFRASTRUCTURE


Airports upgrade may require up to Rs 20,000 cr
The Government today said that it would not be unrealistic to say that the modernisation of Delhi and Mumbai airports could require capital investments of Rs 10,000-20,000 crore. In a statement laid on the floor of the House, the Minister of ... More

World Bank suspends aid to Mumbai project — `Non-compliance on resettlement issues'
The World Bank has pulled the plug on Mumbai Urban Transport Project (MUTP). It has temporarily suspended the $150-million funding to the road and resettlement component of the MUTP. The suspension comes into effect from Thursday. Talking to ... More

PETROLEUM


March 10 deadline for gas pact
Panna-Mukta row with GAIL set to end soon More

PHARMACEUTICALS


Roche gets product patent on Hepatitis C
Swiss-pharma company Roche has received the country's first product patent on its Hepatitis C drug Pegasys. Pegylated interferon alfa-2a or Pegasys involves a technology that reduces the frequency of injections that a patient has to take to one a ... More

Select AIDS, cancer drugs to become cheaper
Cancer and AIDS drug makers are set to bring down prices on select drugs following the slash in Customs and excise duties on these drugs in the Budget. Mr Amar Lulla, Joint Managing Director of Cipla - which has both AIDS and cancer drugs in ... More

POWER


India, US seal nuclear deal
`Satisfactory understanding' reached on civilian, military separation More

No power cut in Mumbai
The Maharashtra Electricity Regulatory Commission (MERC) has said on Thursday that there would be no load shedding in Mumbai city. The commission has asked the citizens to reduce their power consumption by 20 per cent and said it would again ... More

TAXATION


SC bars States from imposing sales tax on telecom services
`Cannot be equated with goods'; operators' burden to drop by Rs 10,000 cr More

General insurers in a tizzy
Withdrawal of service tax exemptions on premiums More

VAT panel may discuss CST issues
State finance ministers will meet here on March 11 under the aegis of the Empowered Committee of State Finance Ministers on Value Added Tax (VAT). The contentious issue of compensation formula for ... More

EDUCATION


`Certified Internal Auditor' course
The Institute of Internal Auditors - India, a part of the Florida-headquartered IIA Inc, is in active dialogue with the parent body to further streamline the CIA (Certified Internal Auditor) course for Indian students. There is also a move to ... More

HCV/LCV/TRACTORS


`Customs duty cut on commercial vehicles unwarranted'
Commercial vehicle makers are keen that the Government review its budget proposal of lowering the customs duty on such vehicles from 15 per cent to 12.5 per cent. At a post-budget interactive meeting with senior Finance Ministry officials, ... More

GEMS & JEWELLERY


Hallmarked jewellery a safer bet, says RBI
RBI has asked banks to show preferential treatment to hallmarked gold jewellery while granting advances against the security of such jewellery. As per a notification issued by RBI, hallmarking of gold jewellery ensures the quality of gold used ... More

REAL ESTATE & CONSTRUCTION


Banks warned on real estate exposure
The Reserve Bank of India has once again cautioned banks against excessive lending to the real estate sector. In a notification issued on Thursday, the RBI has directed banks that they should disburse loans involving real estate only after ... More

TEXTILE MACHINERY


CTMTC to sell 5 m spindles this year
China Texmatech Company (CTMTC) hopes to export to India about five million spindles during 2006 calendar, according to Mr Wu Xiuhua, Vice-President of CTMTC. The textile machinery manufacturing plant of the company has a mass production line ... More

Chinese co opens liaison office
First centre by a non-European textile group in India More

NEWSPAPERS & PUBLISHING


Frontline gets more contemporary look
Redesigned magazine released by West Bengal Governor More

PACKAGING


Budget thrust for packaging sector
The packaging industry in the food processing sector will receive a fillip following the Budget proposal regarding the cut in Customs duty on packaging machines. The sector has welcomed the move to reduce duty from 15 per cent to ... More

FOREIGN DIRECT INVESTMENT


Cargill among 38 FDI plans cleared
Cargill Holdings BV's Rs 218-crore investment plan for starting commodities trading in India was among the 38 FDI proposals totalling Rs 361.32 crore cleared by the Government on Thursday. Following the recommendations of the Foreign Investment ... More

RURAL DEVELOPMENT


Ministerial panel on Praja Pathakam
The Andhra Pradesh Government has constituted a committee of Group of Ministers that would seek to strategise the plan of action for the Praja Pathakam scheme. Addressing a press conference here on Thursday, the State Chief Minister, Dr Y.S. ... More

HUMAN RESOURCES


Cross stitches
My sister in the US recently bought a smartly embroidered top for $35, and was amused to find a `Made in India' tag. Had she known that only $1.8 of the retail price went for labour, she would have been shocked. While ... More

EXPORTS & IMPORTS


Pepper exports to US decline
Value addition gains More

TOURISM


A boost for domestic tourism
The tourism industry has welcomed the Budget proposals geared to promoting domestic tourism and improving access through the development of a network of highways and the completion of the Golden Quadrilateral by 07. The proposal to develop 15 ... More

Malaysia hopes to woo 3.5 lakh Indian visitors
Tourism Malaysia has kicked off a Rs 12-crore campaign in India as part of the country's 50th year of independence. The promotion campaign is expected to attract an estimated 3,50,000 Indians to Malaysia in 2007 when the celebrations kick off, ... More




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

Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Ban likely on alcohol, tobacco additives in food products


FIIs unlikely to rush for G-Secs, corporate bonds

Hallmarked jewellery a safer bet, says RBI

Cement majors post increase in sales

Budget doubles excise duty on sugar

Frontline gets more contemporary look

Pepper exports to US decline

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
Feb. 19-Feb. 25
Equity funds eye realty sector in a big way
To explore investments in residential, commercial projects


Bird flu: No human infection reported so far, says Health Secy

Well-cooked chicken, eggs safe, says Govt

Pharma cos buck up; busy lining up drugs

FM stations to zoom in on regional ads in small towns

Centre may not allow sale of Tamiflu in retail market — `Drug has adverse side-effects, not safe for children too'

Shortfall likely in direct tax collection this fiscal

Air India places $2-b order for GE engines

Govt yet to decide on DAP subsidy

Hectic lobbying on by vegoil refiners against cheap imports

Bankers seek lower service tax on credit cards

Pawar calls for restraint in bird flu reports — Don't create panic, media told

Govt cautious on opening up retail FDI — Exploring role model for multi-brand segment

IPO scam fall-out — CBI conducts search at Karvy, Vijaya Bank, BhOB premises

IMF cautions India on the fiscal front

`Bird flu scare results in Rs 200-cr loss to truckers'

Poultry insurance covers bird flu losses, clarify officials

Bihar provides a sweet cure for sugar sector — Offers attractive incentive; plans PSU units privatisation

Railway budget to take care of all sections — Lalu Prasad rules out increase in passenger fares

Kochi region excise revenue

Unsold stocks worry poultry farmers

Railways improves freight earnings by Rs 3,000 cr

Low-cost carriers see no impact — Travel sector hails move

Airlines not perturbed by reduced AC rail fares



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