Financial Daily from THE HINDU group of publications
Tuesday, April 04, 2006
Markets (April 3)
BSE Sensex11564.36(+284.40)
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INDUSTRY & ECONOMY

URBAN DEVELOPMENT


PM holds review meeting of Urban Renewal Mission
States must rationalise and reduce stamp duty, says Nilekani More

NRIS


SBH hikes rates on term deposits
State Bank of Hyderabad (SBH) has announced an upward revision in interest rates under NRE, FCNR and RFC term deposits from Saturday. The rates on NRE term deposits for one year to five years have been increased to 6 per cent (5.9 per cent). ... More

CEMENT


ACC March production rises
Associated Cement Companies Ltd (ACC) said it produced 1.739 million tonnes (mt) of cement in March 2006 against 1.576 mt produced in March of 2005. Despatches during March 2006 stood at 1.746 mt as compared to 1.572 mt in the ... More

COURTS/LEGAL ISSUES


`Completion of sales key to decision on income concealment'
"There was no valid justifiable reason for imposing penalty since the sale was completed only in June 1998, when the purchaser received the goods based on which the assessee paid income-tax for the assessment year 1999-2000." More

ECONOMY


Western markets on a high
The Western stock markets, led by the US, the European Union and Japan, have hit a record highs fuelled by growing number of institutional and private investors. The Western corporate sector is reporting record ... More

`This is the time to come to Bihar'
As the rebuilding phase is on in Bihar, there is lot of scope for profit. This is what industries need. And security is not a hassle today. More

New base year for effective planning
The Union Ministry of Statistics and Programme Implementation will put in place a base year with a periodicity of five years against the current seven years. Announcing this here on Monday, Dr R.C. Panda, Secretary in the Ministry, said the ... More

Gujarat Plan at Rs 12,503 cr
Montek lauds agriculture performance More

ENVIRONMENT


Call for greater community role in forest management
Greater involvement of community in forest management in India could help generate $2 billion income per annum by 2020, the World Bank said today in its new report: `India: Unlocking Opportunities for Forest-Dependent People'. ``With greater ... More

FOREIGN TRADE


India-Yunnan trade up to $125 m
The trade between Yunnan Province of China and India increased from $11.34 million in 1996 to $125 million in 2005, said Ms Zhu Dansheng, Deputy Director General, Department of Commerce, Yunnan Province of China. While speaking ... More

HEALTH


Life insurers may get to sell health cover
IRDA panel keen to improve penetration levels More

Dr Reddy's unveils Z&D
Dr Reddy's Laboratories Ltd has announced the launch of `Z&D', a zinc sulphate formulation, indicated as adjuvant therapy along with ORS (oral rehydration salt) in the management of acute and persistent diarrhoea. In a press ... More

PETROLEUM


Videocon bags Australian offshore exploration block
Joins hands with Gujarat State Petroleum Corp, Oilex NL More

POWER


NTPC plans to expand
State-owned NTPC Ltd is planning a capital expenditure of Rs 13,000 crore during the current fiscal, the company's new Chairman and Managing Director, Mr T. Sankaralingam, said here today. "The money will be used for expansion of our existing ... More

India, US sign pact for FutureGen project
To set up coal-based power plant in the US More

EcoSecurities in pact with Amruthakrishna to buy CERs
EcoSecurities Group Plc, the originator of carbon credit projects, and Amruthakrishna Power Generation Ltd, a power solutions and industrial consultancy provider from Secunderbad, have signed a purchase agreement to buy certified emission ... More

TEXTILES


CII textile meet to focus on IT adoption
More

Worn clothing sales: SEZ units get relief
The Government has given leeway to special economic zone (SEZ) units for sale of worn clothing in domestic tariff area (DTA). Such units have now been allowed to sell worn clothing in DTA (domestic market) to the extent of 15 per cent of the ... More

Textiles export set to touch $15 b this fiscal
Return to EGM classification will help reflect the real picture More

TYRES


MRF to manufacture helicopter tyres
MRF Ltd plans to get into the manufacture of helicopter tyres. The company is awaiting a few approvals before getting into production, said Mr K.M. Mammen, Chairman and Managing Director. Mr Mammen met presspersons at a function held here to ... More

WATER


Move to strengthen water resources
The Icrisat (International Crops Research Institute for the Semi-Arid Tropics), the Confederation of Indian Industry (CII) and the Coca-Cola Foundation have joined hands to take up strengthening of rural water resources in the ... More

Succour on wheels
WITH WATER getting scarce, household dwellers are the worst-hit. The Hyderabad Metropolitan Water Supply and Sewerage Board gears up to meet the challenge by opting for small vehicles like auto rickshaws to move around the narrow roads in slum ... More

Scarce commodity
A WOMAN CARRIES drinking water in suburban Kochi. Several parts of the State experience acute water shortage, even though summer has just begun. Election campaigns in these areas focus on the ... More

COAL


Singareni achieves record coal output
The Singareni Collieries Company Ltd (SCCL) has achieved a record production of 36.13-million tonnes (MT) during the fiscal ended March 31, 2006,a growth of 2.35 per cent over the previous fiscal. The company has also achieved an all-time ... More

EDUCATION


IIM-B revises annual fee
The Indian Institute of Management, Bangalore, today announced its intention to hike the annual fee for its post-graduate programme in management. Prof Amarnath Krishnaswamy, Head, Communications Unit, said ... More

CARS


Hyundai, Ford sales rise
More

GOLD & SILVER


BIS devises quality tag for Govt depts
Bureau of Indian Standards (BIS) has developed a quality standard that can be applied to Government departments, said Mr S.P. Sharma, Director-General, BIS. Announcing this at a press conference in the city today, he said the standard — ... More

INDUSTRY ASSOCIATIONS


CII Northern Region annual meet today
In an attempt to understand the opportunities and challenges facing India, the Confederation of Indian Industries, Northern Region (CII) will discuss on the theme `Sustainable Competitive Growth: Are We on Track?' at its AGM scheduled on Tuesday. ... More

SCIENCE & TECHNOLOGY


Awards for researchers
The Dr K.V. Rao Scientific Society research awards given annually to young researchers would be diversified into new disciplines like mathematics, medicine, and biotechnology from 2007. Currently, the awards are given in ... More

MINERALS


Mormugao's mechanical ore handling plant sets record
The mechanical ore handling plant at Mormugao port has created a new record in unloading iron ore. On March 1, the plant unloaded 70,078 tonnes of iron ore on a single day, surpassing the previous best of 67,001 tonnes unloaded on November 1, ... More

FOREIGN DIRECT INVESTMENT


Japan keen on investing more in India
Japan has expressed interest to invest more in several sectors, such as development of more metro rails, construction projects, power equipments, textile machinery and especially food processing, apart from their already strong presence in the ... More

EVENTS


Greentech meet from April 8
The fifth annual Greentech Foundation international conference and exhibition on occupational health, fire safety, and security will be held during April 8-10. The National Institute of Occupational Safety & Health (NIOSH), ... More

EXPORTS & IMPORTS


Campco plans setting up import-export cell
To help identify markets for products More
Advt Links: Personal Computing resources Hawaii Vacations - Hanalei Bay Resort



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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
EDS makes open offer for MphasiS


Agriculture's role in contemporary development

Karnataka refers Biocon's procedural lapse to DCGI

Banks book big treasury profits in March

Life insurers may get to sell health cover

Western markets on a high

32 BSE-500 companies join the billion-dollar club

Copper, zinc prices raised

`This is the time to come to Bihar'

Dark horses race ahead in year-end rally

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

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
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Looking back
Mar. 26-Apr. 1
`Critical gap' in US Trade Policy

ONGC roadshow: 26 firms respond

Medical kit sector rules out new investments

Cellular operators slap notice on BCCI

`Print media has scope in digital age'

The vital missing track

`I am focussing on structural issues in specific sectors'

Value-added spices export surges

VAT compensation: Karnataka, Bihar, AP get Rs 902 cr

CAS meet: Stakeholders differ on pricing of channels

India gains edge in par-boiled rice market

`Nano tech, the new wealth creator'

PAN holders can view tax statements online

`Businessmen coming back to Bihar'

Actis to invest in pvt power projects

Govt to create more power capacity by 2017

Sample from MP district tests positive for bird flu

Chicken producers declare hatching holidays

Project to produce ethanol from sweet sorghum

ONGC may pay more for OMCs to book profit

Banks raise FCNR (B) deposit rates

New India seeks overseas reinsurance partner

New Jamnagar refinery: RIL looking for partner

Manmohan to discuss power sector reforms with CMs

`Adulteration rampant in edible oils'

Indian tea to gain on rising Kenyan prices

Micro finance attracts high interest at B-schools

Govt set to meet revised estimates for indirect taxes

Grapes turn `sour' for exporters

External debt down by $5 b at $119.2 b

H-1B visa filings for `07 from tomorrow

Copper, zinc producers likely to hike prices



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