Financial Daily from THE HINDU group of publications
Thursday, March 30, 2006
Markets (March 29)
BSE Sensex11183.48(+97.45)
S&P CNX Nifty3354.20 (+29.20)
US Dollar (Buy/Sell)44.73 (+0.03)


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INDUSTRY & ECONOMY

ECONOMY


Infrastructure growth in February at 5.6 pc
April-Feb growth dips to 4.5 pc on crude, refining output More

NRIS


Banks raise FCNR (B) deposit rates
Bank of Baroda and HDFC Bank are among the first to raise interest rates on FCNR deposits after the Reserve Bank of India increased the interest rate ceiling by 25 basis points. Now banks can offer up to LIBOR/ Swap rate as against the earlier ... More

AWARDS & HONOURS


Crowning glory
SOME OF THE EMINENT personalities who received Padma Awards from the President, Mr A.P.J. Abdul Kalam, at Rashtrapati Bhavan in New Delhi on Wednesday. ... More

COURTS/LEGAL ISSUES


HC cautions against using court to gain `political mileage'
`PIL allegations against advertisements to media group false' More

ENVIRONMENT


Animal Planet plans series on eco reality
Animal Planet and WWF (no, not the world wrestling federation, but the global conservation organisation) have begun an eco-reality series — Planet Action. Panama turtles The series follows an international ... More

FOREIGN TRADE


India, Pakistan to improve trade ties
To open bank branches, set up working group for basmati More

HEALTH


Aurobindo to sell AIDS drug in US
Aurobindo Pharma Ltd (APL) has announced that it has received final approval of the United States Food and Drug Administration (USFDA) for Zidovudine capsules 100 mg. Zidovudine is in the class of drugs called nucleoside ... More

New India seeks overseas reinsurance partner
By tying up with an international reinsurer, it hopes to diversify the mediclaim protfolio risk and gain expertise in designing products. In talks with Munich Re for mediclaim portfolio? More

Air ambulances from Topsgrup
Patients in need of urgent medical treatment could soon use the services of an air rescue team that would airlift them from remote locations to hospitals of their choice. Diversifying its portfolio, Topsgrup, the security solutions provider, ... More

INFRASTRUCTURE


Hyderabad airport: Cargo handling contract soon
With the greenfield airport at Hyderabad set to become operational in the next 30 months, work is going on at a hectic pace to identify and award contracts for various facilities that will be coming up there. While a decision is expected within ... More

PETROLEUM


ONGC may pay more for OMCs to book profit
The burden at this juncture would more than offset the gains More

GAIL signs gas deal for Panna Mukta
To pay $4.75 a MMBTU for two years More

New Jamnagar refinery: RIL looking for partner
Reliance Industries Ltd is looking for inducting a strategic partner for its Rs 27,000-crore refinery at Jamnagar in Gujarat. Indications are that the company is in talks with US energy major Chevron and ExxonMobil. Market is abuzz that the RIL ... More

Iran pipeline: Security issues worry oil cos
Say disputes may parallel one between Russia and Ukraine More

BPCL, MMTC tie-up for global petro trading
Bharat Petroleum Corporation Ltd (BPCL) has tied up with MMTC for entering international trading in petro products in a big way. BPCL, currently exporting certain products such as furnace oil and naphtha to neighbouring counties, sees great ... More

POWER


Manmohan to discuss power sector reforms with CMs
Launches the Rs 3,780-crore Barh transmission project More

TEXTILES


Sisspa wants removal of cess on waste cotton
South India Small Spinners Association (Sisspa) has asked the Tamil Nadu Government to do away with the cess on waste cotton levied by the agricultural market committee. The association said that spinning units using cotton as raw material for ... More

SSI


Expo showcases Madurai as IT destination
The Madurai District Tiny And Small Scale Industries Association (Maditssia), in association with engineering colleges in and around Madurai, showcased the city as an emerging IT destination at the international exhibition — IndiaSoft ... More

RADIO/TV


Genpact, NDTV form joint venture
To offer media outsourcing services worldwide; management team soon More

EDUCATION


`Think positive'
Business Line Club launched at Kongu Engg College More

SCIENCE & TECHNOLOGY


`Mix of policy, PPP model vital for nanotechnology'
Scope for venture capitalists to support small, medium cos More

RURAL DEVELOPMENT


Microsoft rural portal to feature Vortex tool
Taking IT to the villages More

SECURITISATION


Indian Bank sells priority sector loans, raises Rs 550 cr
Indian Bank has raised Rs 550 crore by selling off a part of its priority sector loans to other banks, in what is called `inter-bank participation' deal, highly placed sources in the bank told Business Line. Under the deal, Indian Bank ... More

EVENTS


World Telugu Federation biennial meet in Dubai
The World Telugu Federation, a non-profit, non-political organisation dedicated to fostering a deeper understanding of the society, culture and arts of Andhra Pradesh, will hold its seventh biennial conference in Dubai. The conference, which ... More



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Banks raise FCNR (B) deposit rates


Avoid panic in vegetable marketing, farmers told

McAfee to invest $80 m in Bangalore centre

Copper offtake likely to rise 6-7 pc next fiscal

New India seeks overseas reinsurance partner

Manmohan to discuss power sector reforms with CMs

Market expectations

ONGC may pay more for OMCs to book profit

New Jamnagar refinery: RIL looking for partner

Intel unveils `Ruggedised' PC platform for rural India

In Focus

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

Orissa Diary
Gender Justice
Simple Economics
Tax Talk
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Looking back
Mar. 19-Mar. 25
Energy projects: ITC to apply for carbon credits

Reliance to focus on marketing products thru its own outlets

Tax revenues of VAT States up 16 pc in April-Jan

How Kutch Rail reduced project cost

Mangalore SEZ bets on big funds

The phenomenon of exploding imports

Iran gives first price offer of $6 mBtu for gas

Tata Power plans 2 coastal plants in Maharashtra

Bharti in talks with Wal-Mart, Tesco for retail foray

Centre gets powers to rebate service tax

IPO: BSNL invites bids for advisors

Asset prices worry RBI

IDFC, Feedback launches infrastructure initiative

MetalJunction plans coal futures auction

UB, Millennium Alcobev merger not for now

Ansal Properties signs pact with Malaysia's Faber Group

Upper Siang project likely to be relocated on Chinese concerns

Gross small savings collections up

Gross small savings collections up

Telecom FDI norms deadline extended

Pvt cos earn more than States' spend

RPL to set up two SBMs at Jamnagar

`Refining capacity to touch 210 mt by 2012'

No guarantees for ultra mega power projects

ECGC unveils scheme to provide credit risk cover



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