Financial Daily from THE HINDU group of publications
Wednesday, March 08, 2006
Markets (March 7)
BSE Sensex10725.67 (-9.69)
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INDUSTRY & ECONOMY

EMPLOYMENT


155 cos to make placement offers at IIMB
Eighteen foreign corporates will be among 155 companies that will come calling on March 10 to the Indian Institute of Management, Bangalore for a three-day recruitment campaign. The recruiting companies with equal spread from the key sectors ... More

CLIMATE & WEATHER


Westerly trough induces wet weather in North
Scattered rains predicted for four days More

NON-CONVENTIONAL ENERGY


Ethanol supply
Ammana Bio Pharma Ltd has entered into an agreement with Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Chennai Petroleum Corporation for supply of 5,942 litres (against an installed ... More

AIRLINES


GoAir may tap pvt equity to purchase new aircraft
GoAir, which recently announced the acquisition of 20 Airbus aircraft, is considering various options including private equity to finance the purchase. Mr Jeh Wadia, Managing Director, GoAir, said, "We have been receiving a number of enquiries ... More

BUDGET


Recap bond conversion to boost bank profits
Impact seen only in the first quarter of next fiscal More

A budget for the common man, say experts
`Proposal to hike service tax will see growth in collection' More

ECONOMY


Meghalaya annual Plan size pegged at Rs 900 cr
The Annual Plan size for Meghalaya for the year 2006-07 has been pegged at Rs 900 crore including a one-time additional central assistance of Rs 51 crore for projects of special importance to the State. This was finalised at a meeting between ... More

FERTILISERS


Govt may control urea distribution
"Industry should strengthen its distribution network in order to ensure down the line availability of fertilisers at the farmer's field," Mr Paswan said. Objective of the deregulation not achieved More

FOREIGN TRADE


Sectors for Indo-Vietnam trade identified
Industry in West Bengal has identified the scope for enhanced two-way trade and investment between India and Vietnam. A nine-member business delegation from West Bengal, which recently accompanied the West Bengal Chief Minister, Mr Buddhadeb ... More

Trade talks
THE MINISTER for Commerce and Industry, Mr Kamal Nath, with the Chairman, House of Commons Select Committee on Trade and Industry of UK, Mr Peter Luff, in the Capital on Tuesday. ... More

India, Chile to sign PTA today
A Preferential Trade Agreement (PTA) between India and Chile would be signed here on Wednesday. An official release said that the agreement would be signed in the presence of the Commerce and Industry Minister, Mr Kamal Nath and the Commerce ... More

INFRASTRUCTURE


Macquarie Bank looks at infrastructure investments
Indian unit operations begin More

PETROLEUM


North Sea attracts oil cos from India
High-level team visits Aberdeen More

PHARMACEUTICALS


Pharma cos fight pitched battle on patent turf
Torrent has opposed the grant of a patent on Astra Zeneca's cholesterol drug Rosuvastatin, while Ranbaxy has filed for pre-grant opposition against Pfizer's anti-fungal drug Voriconazole. Ajanta Pharma has opposed Eli Lilly's patent application ... More

TAXATION


April-Feb indirect tax collections up 16.2 pc
The Centre's indirect tax collections surged by 16.2 per cent during April-February 2005-06 to touch Rs 1,71, 071 crore against of Rs 1,47,238 crore recorded in the same period last year. On the direct taxes front, personal income tax ... More

Tax expert sees devil in service tax rules
Describing the Central Budget 2006 as highly service tax-oriented, Mr Bhanu Prakash Agarwal, tax consultant and expert in service tax, said the new Service Tax Draft Valuation Rules (just put on the Ministry website) pack an unexpected knock-out ... More

BREWERIES


Scotch Whisky body seeks duty cut
The Edinburgh-based Scotch Whisky Association (SWA) has expressed disappointment with no measures being taken to reduce duties on imported spirits in the Budget. According to the association, market access to India for Scotch ... More

RADIO/TV


TRAI freezes cable rates for hotels, restaurants
This has been done to protect the interests of commercial consumers as well in the short term. Rates charged almost three times the household rates More

EDUCATION


Young Author contest winners
Tinu Elizabeth Thomas, a class IX student from Bhavans Adarsha Vidyalaya School, and Siraj Moopen, a class XII student from Rajagiri Public School, have won the Kochi city finals in Classmate Young ... More

BL Club at Annamalai
The Vice-Chancellor of Annamalai University, Mr L.B. Venkatrangan, inaugurated the `Business Line Club' sponsored by The Hindu Business Line at the varsity campus in Chidambaram on Tuesday. Mr Venkatrangan said he was pleased to ... More

REAL ESTATE & CONSTRUCTION


SC allows development of Mumbai mill lands
`Plan does not violate BIFR requirements'; HC order set aside More

Mumbai builders are a relieved lot now
NTC Chairman, Mr Ramachandra Pillai: We were stuck in legal battle for over a year. Now we can go ahead with rehabilitation plans for the sick mills, which is self-financing in nature. More

18 lakh houses for the poor planned in AP
Rural scheme to cover drinking water supply, sanitation More

GENDER


Women workers entrench themselves in `men's preserve'
This year, on International Women's Day (March 8), let's shift focus from the highly educated, who are breaking the glass ceiling in the corporate world, to a different set women — first generation industry workers from the lower middle ... More

FOREIGN DIRECT INVESTMENT


Telecom cos get more time on FDI
The Government today announced changes in the guidelines governing increased foreign direct investment in the telecom sector from 49 per cent to 74 per cent, thus giving service providers more time to comply with the new ... More

HUMAN RESOURCES


Placement co launched
The Chief Minister, Dr Y.S. Rajasekhara Reddy, launched the Overseas Manpower Company Andhra Pradesh Ltd, a State-owned placement services company. The company's mandate is to put an end to ... More

EVENTS


Deora to inaugurate ISFL 2006
The fifth international symposium on fuels and lubricants (ISFL 2006) is to be inaugurated in Delhi on Wednesday by the Union Minister for Petroleum and Natural Gas, Mr Murli Deora. "One of the prime objectives of this biennial ... More

INCOME TAX


Ministry allays fears of CAs
The Finance Ministry has allayed fears of the chartered accountants community that the proposed institution of `Tax Return Preparers' would take away professional work from them and thereby result in loss of professional ... More

EXPORTS & IMPORTS


India could import 7-20 lt of wheat next season
The global wheat trade sees India importing between seven lakh tonnes (lt) and 20 lt of the foodgrain the next season starting June. "We expect India to import between 15 lt and 20 lt," said Mr Mark Samson, Vice-President for South Asia, US ... More

ALTERNATIVE MEDICINES


Homeo award
The former Principal of Athurasramam NSS Homeo Medical College, Dr T.P. Elias, has been selected for this year's Dr Samuel Hahnemann award. The award consists of Rs 10,000, a citation and a plaque, said ... More

KIMS Ayurveda centre
The KIMS Ayurveda and Research Centre will soon be launched as an adjunct to the multi-speciality Kerala Institute of Medical Sciences hospital here. KIMS is tying up with the Kochi-based Punarnava ... More

TOURISM


Malaysia eyes high-end tourists
Tourism Malaysia, a body under the Malaysian Tourism Ministry, will target high-end tourists from India to increase their number of tourist arrivals who spend more and stay for longer periods, according to Mr Mirza Mohammed ... More



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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
The freight side story


Reliance Petro ties up with Australian co for oil exploration

IOC expects to maintain net at last year's level

Pharma cos fight pitched battle on patent turf

Women workers entrench themselves in `men's preserve'

Tea prices weakening

Recap bond conversion to boost bank profits

Cipla, Siemens in FTSE global large-cap index, MTNL out

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. 26-Mar. 4
Poultry industry loss put at Rs 5,000 cr

Gas supply issue: Meet today to resolve deadlock
Chiefs of Panna-Mukta venture partners, GAIL to participate


Interest rates may firm up: Survey
`Forex reserves accretion slowing, credit offtake keeps rising'


Fertiliser subsidy to exceed Budget estimates
Total subsidy may cross Rs 24,000 crore


Core sector growth slows to 3.3% in Jan

Will Budget bring relief to cancer, AIDS patients?

Bank deposits to get 80C deduction — Recapitalisation bonds to be converted into tradable securities

MFs keen to tap global opportunity

No bad news on income taxes

Big bonanza for the small car

A touch more than a stitch in time

Wiring up the nation

IT industry divided over impact of excise duty — Desktop, notebooks may turn costlier

Domestic airlines get tax exemption for 1 more year

Shipping management services expensive

Equity fund redefined

Pre-monsoon activity seen setting in early

Cement sector says nothing concrete

Australia hails easing of mining norms

Pepper exports to US decline

Budget doubles excise duty on sugar

Hallmarked jewellery a safer bet, says RBI

Ban likely on alcohol, tobacco additives in food products

Frontline gets more contemporary look

Cement majors post increase in sales

National Load Dispatch Centre planned at Delhi, Kolkata

Steel cos parking cash with banks

Global market's weakness hits oilmeals price



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