Financial Daily from THE HINDU group of publications
Tuesday, March 14, 2006
Markets (March 13)
BSE Sensex10803.71(+38.55)
S&P CNX Nifty3202.65 (+18.75)
US Dollar (Buy/Sell)44.55 (+0.04)


News
Features
Stocks
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


`India must switch to hydrogen based fuel'
Development of hydrogen technology should be taken up seriously by the countries which do not have sufficient reserves of oil and natural gas, as it is commercially competitive vis-à-vis fossil fuels such as oil and natural gas, according to Dr ... More

CEMENT


India Cements to raise $75 m
India Cements Ltd has decided to raise up to Rs 330 crore (about $75 million) through foreign currency convertible bonds or other securities. This will be used for capital expenditure. The company's board, which met on Monday, ... More

CONSUMER ELECTRONICS


New range of products from Usha
Usha International Ltd, a consumer durable products company, has announced the launch of a range of products encompassing ceiling fans, sewing machines, electric motors, mixies and water coolers. Addressing a press conference ... More

FOREIGN TRADE


Russian Premier coming on March 16
The Russian Premier, Mr Mikhail Fradkov, who is scheduled to come to India on a two-day visit starting March 16, would meet the President, Mr A.P.J. Abdul Kalam, the Prime Minster, Dr Manmohan Singh, the Finance Minister, Mr P. Chidambaram, and ... More

Board of Trade to meet on Tuesday
The Board of Trade is to meet here on Tuesday to invite views and suggestions from trade and industry for the forthcoming annual supplement of the Foreign Trade Policy 2004-09, which is due to be released by the end of the month. Industrialist Mr ... More

New Mexico team calls on AP CM
A three-member delegation of senators from New Mexico called on the State Chief Minister, Dr Y.S. Rajasekhara Reddy, on Monday. They conveyed their interest in cooperation in areas such as hydrology, irrigation, mining and ... More

INFRASTRUCTURE


Ex-PNB chief to head IIFCL
The former Chairman and Managing Director of Punjab National Bank, Mr S.S. Kohli, has been appointed the first Chairman and Managing Director of India Infrastructure Finance Company Ltd (IIFCL). IIFCL was incorporated on January 5, 2006 with a ... More

PETROLEUM


Petroleum Minister seeks hike in fuel subsidy
`Govt should raise it through transparent budgetary mechanism' More

ONGC to transfer stake in Syrian oilfields to OVL
Will strengthen OVL's holding in Petro-Canada shares More

L&T completes ONGC project ahead of schedule
Larsen & Toubro Ltd (L&T) has completed a Rs 1,006-crore project for ONGC that was awarded in February 2004 and handed it over ahead of schedule. The company said it had handed over RS8 nine-well platform project to ONGC on February 17, ... More

PHARMACEUTICALS


Concern over different quality criteria for AIDS drugs
The tender did not insist on WHO pre-qualification More

Change in biz dynamics fuels rally in Kopran
Stock hits 5% upper circuit band with 67,500 shares changing hands More

Kopran hopes to be back in black this quarter
Plans to raise Rs 57 crore through fresh equity, warrants More

STEEL


Record volume in steel futures
NCDEX has notched up annual turnover of 3.3 million tonnes in MS Ingots futures contracts in its first year of launch. NCDEX launched futures trading on MS Ingots on March 11, 2005, to address the long-standing demand of the ferrous industry ... More

TAXATION


Govt for stable tax rates
Taxing industry more will hit investment: Chidambaram More

KCCI seeks VAT cut on cashew kernels
While the cashew-consuming States in the country have reduced VAT to 4 per cent, Karnataka has fixed VAT at 12.5 per cent. More

Maharashtra's VAT claim may be Rs 1,800 cr
Maharashtra has made an aggregate compensation claim of Rs 1,406 crore to the Centre for the shortfall in tax revenues recorded by the State in the first 10 months of the current fiscal on account of implementation of State-level VAT from April ... More

TEXTILES


Priyadarshini Spinning Mills to hike capacity
PCB clearance awaited for dye house expansion More

CII to host two-day textile meet
The Confederation of Indian Industry (CII) is organising the fourth edition of `Comptex', a conference on textile industry on April 4 and 5 at the SITRA Auditorium here. Organised in association with The South India Mills Association (SIMA), ... More

BREWERIES


SAB sets sights on smaller markets
Taking ahead its positioning as a middle class channel, SAB is planning to allocate close to 15 per cent of its marketing and advertising budget for promotional activities in smaller markets. Mr Vikas Bahl, Business Head, SAB, said that the ... More

RADIO/TV


BEL eyeing broadband set-top boxes
Bharat Electronics Ltd (BEL) is eyeing the emerging broadband scene as the next growth area for set-top boxes. Two years after foraying into set-top boxes for TV viewing through cable and DTH (direct-to-home), the defence electronics PSU is ... More

CAS set to make broadcasting more fragmented
Media planners see winds of change in advertising trends More

`Finding Nemo' to premier on Disney
Children's Film Finding Nemo is set to debut on the small screen this summer on Disney Channel. The Academy Award winning global box office hit, the movie has been regarded as a time-less classic complete with imaginative, ... More

EDUCATION


Tally in tie-up with Osmania varsity
Tally India, a technology company, has tied up with Osmania University, Hyderabad for education programmes on Tally accounting software across colleges under the university umbrella. The Chief Executive Officer of South Asia Business, Tally ... More

`Prosperity lies in resourcefulness'
Human capital and capital resources more significant than natural wealth More

CARS


Car sales growth at 1.83% in Feb
Passenger car sales witnessed flat growth in February as consumers postponed purchase decisions anticipating a cut in excise duty on cars in the Union Budget. According to figures released by the Society of Indian Automobile Manufacturers ... More

Scorpio sports a new look
M&M to invest Rs 100 cr in expanding Nashik plant capacity More

TWO/THREE WHEELERS


TVS sees Apache sales to touch 20,000
TVS Motor Co hopes to increase its sales of premium range bikes with the launch of Apache. The product was launched in the city on Monday. The 150-cc Apache is the newest product from TVS. According to Mr Chandra Sekhar Wamorkar, General ... More

MEDICAL & SURGICAL EQUIPMENTS


GE Healthcare hopes to double revenues
Global healthcare equipments major GE is targeting to double its revenues from its South Asia operations to $800 million in the next three years. "We are looking at doubling the revenues of GE Healthcare Technologies from South Asia. About ... More

MEDICAL INSTITUTIONS & HOSPITALS


Hospitals urged to outsource services
Indian hospitals should create exclusive infrastructure for corporate medical tourism that would comply with international service and quality standards recognised by the international insurance industry to tap the emerging medical services ... More

REAL ESTATE & CONSTRUCTION


SSI plans township on Binny Mills property
Project to have 6,000 apartments each costing about Rs 30 lakh More

CERAMICS


Somany Tiles plans retail chain
As part of its new marketing strategy, the Delhi-based SPL Ltd (Somany Tiles) plans to set up a chain of stores called `Fine Line', to showcase the company's premium tile offerings. Starting with a store each in Delhi, Mumbai and Chennai, the ... More

PAINTS


Goodlass to pay 85 pc special interim
Goodlass Nerolac Paints Ltd has informed the BSE that the board of directors of the company has declared a special interim dividend of 85 per cent or Rs 8.50 per equity share of Rs 10 ... More

FOREIGN DIRECT INVESTMENT


Centre clears proposals for 4 biotech parks
The Centre has cleared four new biotech parks/ incubators proposed by the Department of Biotechnology (DBT) to be set up during fiscal 2006-07. These parks/ incubators will come up in Punjab, Himachal Pradesh, Karnataka and Kerala. In the ... More

WTO


`Doha round augurs well for developing countries'
EU India Business Summit in Helsinki to boost ties More

SOCIAL WELFARE


Royal Sundaram, BASIX covers for SHGs
Royal Sundaram General Insurance Company and BASIX, a microfinance institution, have announced two more insurance covers for the members of the self-help groups (SHGs) in the rural sector across the country. Speaking to newspersons on the eve ... More

HUMAN RESOURCES


MeritTrac `assessment zone' in Hyderabad
MeritTrac Services, a skills assessment company, has opened an `assessment zone' here with infrastructure to conduct online tests, interviews and other tests. Claimed to be the first assessment zone in the country signalling a new trend in ... More

LABOUR REFORMS


Proagro offers bonus to cotton growers
DISCOURAGING CHILD LABOUR More

EVENTS


HR management meet
A national meet `Samaroh-2006' was organised by the Siva Sivani Institute of Management (SSIM), here. Delivering the keynote address, Prof P.K. Padhy, of the University of Behrampur, Orissa, stated that human resources ... More

PM to inaugurate corporate meet
The Prime Minister, Dr Manmohan Singh, will inaugurate Asia Society's 16th Asian Corporate Conference to be organised in Mumbai from March 18-22. The conference will be attended by business leaders from China, Singapore, ... More

TOURISM


Travel industry sees boom in bookings
EASTER HOLIDAYS More

Awesome acme
ANAMUDI, south India's highest mountain peak, is emerging as a favourite destination for trekkers as well as tourists visiting Munnar.

More

ECONOMIC OFFENCES


Drive to trace tax evaders
I-T Dept widens net; Special software to track investments More



Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Rains may prove beneficial to wheat crop


Car sales growth at 1.83% in Feb

Bush in South Asia — Raising a political storm

Sceptics are turning into believers

Tatas may not have given relevant details on Idea Cellular, says Birla

Petroleum Minister seeks hike in fuel subsidy

Scorpio sports a new look

SCI, Rickmers in talks for service from India to UK

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
Mar. 5-Mar. 11
Tax sops ruled out for investment cos

Cabinet clears India, Australia revised air services pact

Suspicion over coconut oil price fall

Wet weather forecast for whole country

Implications of capital gains giveaway

Oilmeal exports reach new high

Scheme for sugar mills to set up power units

PAN compulsory for demat accounts

Private insurers cut 2-wheeler exposure

Barclays predicts strong growth for wealth market — Indian market to grow 15 pc per year

Pharma cos fight pitched battle on patent turf

Recap bond conversion to boost bank profits

Women workers entrench themselves in `men's preserve'

Trade with US: India likely to overtake China

La Nina indicators neutral: Forecast

Service tax on ATM not to hit users

No plans to make OVL independent: Ministry

ONGC Nigerian plan hits snag

FDI inflow up 326 pc in Jan

Cement scrips zoom

MRP-linked duty a bitter pill for pharma sector

Tyre manufacturers to import 25,000 t rubber

`India can be made manufacturing hub'

Crude oil imports pegged at 110 mt

Oil India, IOC to buy 90 pc stake in African block

`Product duplication prevalent in every industry'



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