Financial Daily from THE HINDU group of publications
Friday, March 10, 2006
Markets (March 9)
BSE Sensex10573.54 (+64.69)
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US Dollar (Buy/Sell)44.49 (+0.08)


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INDUSTRY & ECONOMY

EMPLOYMENT


Barclays Bank tops placements at IIM-A
$1,80,000 pay packet More

CLIMATE & WEATHER


Cyclonic circulation over Gujarat
After Haryana, the invading westerly trough opened a second front in the form of an induced cyclonic circulation over Gujarat and adjoining South Rajasthan on Thursday. A deep North-South trough links the parent system and the sibling, which is ... More

Thunderous spectacle
A WAYSIDE TREE shedding leaves silhouetted against menacing thunderstorms in Thiruvananthapuram on Thursday afternoon. Easterly waves crossing the Bay of Bengal have been triggering convective bursts of rain in the State over the past week, ... More

SOCIAL SECURITY


`No move to derecognise private sector PF trusts'
Budget provision only for synergy with EPF Act More

BUDGET


Budget low on FDI initiative
Growth in FDI has been catalysed by the general spurt in the economy and not by special measures in the Budget. The Finance Minister should ponder over fiscal incentives to woo foreign investors. More

LS to pass Finance Bill by March 20
Government extends Budget session till March 22 More

CEMENT


Cement scrips zoom
Budget, SC order on mill land give further fillip to the counter More

COURTS/LEGAL ISSUES


Marlabs into legal outsourcing
The US-based service provider Marlabs Inc announced its foray into Legal Process Outsourcing (LPO) business with a $4-5 million dedicated centre in the city. The company will add 500 employees by end 2007. The facility would ... More

ENVIRONMENT


Concern over UCIL project site location
The proposed uranium mining and refinery project of the Uranium Corporation of India Ltd (UCIL) in the Nalgonda district of Andhra Pradesh continues to be a subject of debate and concern with the issue echoing in the State Legislative Assembly on ... More

EXCISE AND CUSTOMS


Plea against duty on soaps, bricks, locks
The Tamil Nadu Chamber of Commerce and Industry has appealed to the Union Finance Minister to provide excise duty exemption to handmade bricks, soaps, biscuits, locks and other products manufactured without the aid of power. In a statement ... More

FOREIGN TRADE


India, GCC countries meet on FTA in Riyadh
`Hope to sign pact this year' More

PETROLEUM


ONGC Nigerian plan hits snag
Cabinet has doubts over investment size More

GAIL not entitled to levy marketing margin on natural gas
The Petroleum Ministry has said that GAIL (India) Ltd is not entitled to levy marketing margin on supply of natural gas. The clarification comes in the wake of the ongoing tussle between GAIL and Indian Petrochemicals Corporation Ltd (IPCL) ... More

Iran-Pak-India gas pipeline project: Official-level meet on March 13
The Minister of Petroleum and Natural Gas, Mr Murli Deora, has informed the Parliamentary Consultative Committee (PCC) attached to his Ministry that a tripartite official level meeting is being held in Tehran on March 13-15, on ... More

ONGC processing programme
ONGC will launch a high tech on-board 3D seismic data acquisition and processing programme in its offshore exploration blocks in the deep waters of Bay of Bengal and Indian Ocean from October 2006 to March 2007. The company has ... More

Canoro working on Amguri block plan
Canoro Resources has completed its re-entry programme at the old wells in Amguri block and is nearing finalisation of a development programme for the entire block. Amguri is an old block once abandoned by ONGC. Canoro holds 60 ... More

PHARMACEUTICALS


MRP-linked duty a bitter pill for pharma sector
Small contract players struggling More

POWER


Greenfield power projects to come under rating watch
Five new `ultra mega' projects to lead the pack More

ADB plans major energy efficiency initiative
With a crisis in the energy sector looming large over developing countries in Asia, the Asian Development Bank (ADB) has decided to launch a major energy efficiency initiative of $1 billion. According to the ADB President, Mr Haruhiko Kuroda, ... More

TEXTILES


Technical textiles market may grow to $7 b by '07
Slew of initiatives to promote sector More

`Relax rules to help textile industry become globally competitive'
Import of second-hand shuttle-less looms More

EDUCATION


BL Club launched in Secunderabad
"Constant reinvention is the best way to keep winning in this competitive world. The day you stop innovating, you could well be good for a museum," said Mr T. Hari, Senior Vice-President (Human Resources), Satyam Computer Services ... More

CONSULTING


Russell Parera is KPMG India CEO
Professional services firm KPMG on Thursday named Mr Russell Parera as Chief Executive Officer of its Indian operations from July 1. Mr Parera, now KPMG's head of audit services in the country, would take over from Managing ... More

REAL ESTATE & CONSTRUCTION


`Mood upbeat in Mumbai's realty sector'
Textile mill area likely to see stability in prices now More

MINING & QUARRYING


Call to adopt UK mining safety norms
The Association of British Mining Equipment Companies (ABMEC) feels that the Indian mining industry will benefit by the introduction of the improved UK mining systems, which have been developed over the past 160 years. The ... More

FOREIGN DIRECT INVESTMENT


FDI inflow up 326 pc in Jan
Foreign direct investment (FDI) inflow into the country has registered an increase of 326 per cent in January amounting to $647.7 million against $152 million in January last. ``What is heartening about the growth in FDI is that the inflows ... More

LABOUR REFORMS


India must adopt labour reforms, says ADB chief
Infrastructure development key to sustain growth More

EVENTS


Meet today on renewable energy potential
The Eastern India Renewable Energy Summit 2006 will be held here on Friday amid demands for consolidated efforts from industry and business to tap the great potential of renewable energy in the country. Being jointly organised by the India ... More

Meet on connectivity
The Indian Merchants' Chamber (IMC) is organising the fourth international conference on Communications Convergence, the theme being `Connecting India — The Global Challenge', in Mumbai from March 16. Mr Rajesh Kapadia, IMC President, ... More

Bridge biotech divide: Reddy
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked farmers not fall prey to the `produce and perish trap'. "They need to realise the importance of `produce and flourish' equation. If they produce more, they suffer more as ... More

EXPORTS & IMPORTS


Mango export to US this year likely
Bush statement: Centre to drive home the advantage More

TOURISM


Tourism: on its way out?
The Economic Survey seems to be suffering from a hangover of sorts. It reports earnings from tourism, once critical to the BOP and still growing at 25 per cent, before touching on software exports, which were admittedly near zero till just the ... More

Sahara Parivar launches travel co
The Sahara India Parivar on Thursday announced the launch of Sahara Global, a travel and tourism company. Addressing a press conference to announce the launch, the company's Chief Executive Officer, Mr Romi Datta, said Sahara Global would cater ... More




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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Matching Kyushu's hardware with India's software


MICO to invest Rs 800 cr in 2 yrs; Bosch Rs 500 cr

JM Baxi to roll out container train in June

ING keen on pension foray, ready to wait

Rubber production to exceed targets

Cement scrips zoom

FDI inflow up 326 pc in Jan

ONGC Nigerian plan hits snag

MRP-linked duty a bitter pill for pharma sector

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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