Financial Daily from THE HINDU group of publications
Friday, May 05, 2006
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INDUSTRY & ECONOMY

ECONOMY


`India less vulnerable to global imbalances'
Current account position likely to remain in deficit: Chidambaram More

Asean+3 to address liquidity issues
Express concern over spiralling oil prices More

CLIMATE & WEATHER


Lack of adequate rain worries coffee growers
Menace of white stem borer on arabica plants increasing More

NRIS


SBT hikes NRE, FCNR rates
State Bank of Travancore has raised the interest rates on NRE and FCNR term deposits from May 1. The new rate for NRE term deposits for periods from one year to less than two years is 6.33 per cent, two years to less than ... More

Corp Bank hikes NRE rates
Corporation Bank has increased the rate of interest on domestic term deposits with effect from May 1. For senior citizen, deposits for tenures of 91 days and above will fetch an additional interest of 0.75 per cent over the ... More

Lakshmi Vilas Bank hikes rates
Lakshmi Vilas Bank has increased the interest rates on NRE and FCNR (B) term deposits from May 1. While retaining the existing rate of 6.30 per cent on the one to below 3 years NRE deposit, it has hiked the rate by 10 basis ... More

NON-CONVENTIONAL ENERGY


`Progress of biodiesel plant in Nalgonda encouraging'
German Govt announces grant of 380,000 Euros More

SOCIAL SECURITY


Regulator favours benign tax regime for pensions
Parity with other EEE schemes such as provident funds sought More

AIRLINES


AI board approves appointment of consultant for merger with IA
Process expected to be completed in 4-6 weeks More

ENVIRONMENT


Traditional sector stands to gain from CDM: Expert
Traditional industries in Kerala are ideally poised to benefit from the opportunities being thrown up by Clean Development Mechanism (CDM), one of the three flexible mechanisms under the Kyoto Protocol of immediate relevance to India. Under ... More

EXCISE AND CUSTOMS


Mangalore airport made customs airport
Move will boost exports from the region More

FOREIGN TRADE


EEPC hopes to double exports to Germany in 3 years
The total business generated through Indian companies' participation in the five-day Hannover Messe 2006 fair has been put at $1.3 billion. Briefing newspersons here on Wednesday on the outcome of India's participation, said to be the largest ... More

HEALTH


We're all cosmic kin
After making people see better with their eyes, Mani Bhaumik, one of the pioneers of the Lasik laser technology, now wants to help them see better with their mind. More

INFRASTRUCTURE


35 cos vie for `ultra mega' plants
Govt to call bids for 2 more power projects soon; tariff-based bidding to be followed More

$150-b opportunity in infrastructure: Montek
Mr Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, has said that the biggest weakness in India's economy is infrastructure. Addressing the `Advantage India' session on the $150-billion opportunity in infrastructure at the ... More

States call for private investments through PPPs
To tap opportunities in infrastructure More

Feedback Ventures to assist road development in Lanka
Feedback Ventures has won an Asian Development Bank (ADB) mandate to assist Sri Lanka's Ministry of Highways and its Road Development Authority (RDA), the equivalent of India's NHAI, to increase their ability to attract much greater private ... More

Qatar Airways to open premium class terminal at Doha airport
Qatar Airways has unveiled the details of First and Business Class terminal now under construction at the Doha International Airport. The exclusive building will feature innovative facilities to provide its customers comfort and hospitality ... More

PETROLEUM


Ministry for one-third independent directors on PSU oil company boards
Indian Oil Corporation, ONGC, GAIL need more directors to meet criterion More

RNRL defends gas supply pact with RIL
Reliance Natural Resources Ltd on Thursday said in a statement that the gas supply agreement between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) was an integral part of the scheme of reorganisation of the Reliance ... More

POWER


`Qatar LNG for Ratnagiri project likely by Jan 2007'
The Government is in the advanced stages of negotiations with Qatar for liquefied natural gas (LNG) supplies for the Ratnagiri power project, which has commenced operations using expensive naphtha. The Power Minister, Mr Sushil Kumar Shinde, said ... More

Amruthakrishna Group plans biomass-based power project
Carbon credits emanating from project can add revenues More

WATER


Water policy: ADB told to promote PPPs
An independent review panel on ADB's water policy has asked the bank to promote `business unusual' by sharing risks and encouraging public-private partnerships (PPPs). The panel suggested that it was time to move away from traditional sovereign ... More

PERSONAL PRODUCTS


Godrej joins other FMCG majors in shopping for cos abroad
Appointed merchant bankers to identify suitable targets More

RADIO/TV


Govt insists on May 10 deadline for TV channels
Continuation of downlink rights More

EDUCATION


Bharti charts Rs 200-crore primary education project
RURAL REACH More

For a social cause
QUALITY EDUCATION: Mr Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti Enterprises; flanked by Mr Rajan Bharti Mittal (right), JMD, Bharti Tele-Ventures; and Mr Rakesh Bharti Mittal, Vice-Chairman, Bharti Enterprises; at a press .. More

`Institute Day' to be celebrated in Udupi dt.
The Justice K.S. Hegde Institute of Management will celebrate its Institute Day at Nitte in Udupi district on May 6. A press release here said Mr P. Tamilvanan, Chairman of New Mangalore Port Trust, would be the chief guest. Mr ... More


The Prime Minister, Dr Manmohan Singh, will formally inaugurate the Goa campus of the Birla Institute of Technology and Science (BITS, Pilani) on Friday. The Chief Minister, Mr Pratapsingh Rane, Mr K.K. Birla, Chancellor of BITS, ... More

MINING & QUARRYING


Death traps
AN ABANDONED stone pit alongside the Kochi-Madurai highway near Puthenkruz on the outskirts of Kochi has turned into a mini reservoir. Indiscriminate earth mining and granite quarrying have created such pits in various parts of the State, ... More

NEWSPAPERS & PUBLISHING


Cognizant tool for US media co
Cognizant Technology Solutions, a US-based provider of IT services with development centres in India, has been selected by Publishers Circulation Fulfillment Inc (PCF) to deploy a complete end-to-end SAP IS-Media solution across ... More

FOREIGN DIRECT INVESTMENT


Foreign Trade Policy needs FDI flavour
It is time for the Foreign Trade Policy to adopt a new strategy in the wake of a dramatic change in the global trade pattern. The decade-old area- and product-specific trade matrix needs a re-look. More

IPR


`Need a strong IPR regime'
Absence of strong IPR regime will tell on services sector More

SHOPPING


Garuda Mall plans to invest over Rs 100 cr
Garuda Mall, one of Bangalore's largest malls, is planning a multiple presence across the State. Announcing this on Thursday, Mr B.G. Uday, Managing Director, Euroamer Garuda Resorts India, promoters of the mall in the city, said that the group ... More

ENTREPRENEURSHIP


Getting down to business
TAKING IT HEAD-ON: The Higher Education Minister, Mr D.H. Shankara Murthy (centre), with the FKCCI President, Mr S. Babu, at the inauguration of `State level seminar on entrepreneurship-Challenges ahead' at the Government R.C. College of Commerce ... More

EXPORTS & IMPORTS


Export infrastructure yet to take off
It is inevitable that as the cost of air transport plunges there will be an increasing shift of high-value low-bulk commodities from international sea-lanes to global air routes. But does the country possess the infrastructure to meet the potential a ir cargo export boom? The air cargo boom portends a fundamental shift in the Indian export profile, even as the traditional export sector has been metamorphosing to meet the changing global demand. More

VENTURE CAPITAL


ICICI Venture invests Rs 35 cr in Metropolis Health Services
Funding to strengthen acquisition plans More

ALTERNATIVE MEDICINES


Love's in the herbs
The fabled `umuthi' or magical herbs that Zimbabweans believe are love potions... More
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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Ministry for one-third independent directors on PSU oil company boards


Life insurance sector grows 35 pc

`India less vulnerable to global imbalances'

Precious metals suffer setback

Copper, not peaking yet

Lack of adequate rain worries coffee growers

Godrej joins other FMCG majors in shopping for cos abroad

Export infrastructure yet to take off

Dangers of Saltoro pull-back

RNRL defends gas supply pact with RIL

In Focus

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

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
More

Looking back
Apr. 23-Apr. 29
Singapore sees signs of growth in biz travel

SIDBI, Nabard credit arrangement is `cosmetic tinkering'

Gold volatility: Caution required

Protocol pacts with China to export mango, grapes

`Don't refuse third party motor policies'

Rubber exports top 70,000 t

Pakistan looks for more sugar from India

Crude oil prices always a cause for worry, says Chidambaram

Top retailers gearing up to meet barcode deadline

Array of trade pacts a cause for concern: India Inc

MRPL may firm up proposal to lift crude from PMT in May

Demand keeps soyameal exports buoyant

Indirect tax mop-up surpasses target

Service tax to be applicable on 15 new services from May 1

It's Cyclone Mala, likely to head for Myanmar coast

Balco residual stake sale after CCEA okays valuation

GAIL to fork out Rs 538 cr in Q4 towards subsidy sharing

Posco to invest $200 m this year

Revised target in direct taxes may be missed

Cyclone Mala is strongest after Orissa Cyclone

Importing high oil content seeds will make commercial sense

SFCs losing SME assets to banks

India Knit Fair ropes in German firm for marketing

Infrastructure sector grows 4.9 pc in 2005-06

NHPC to take cue from China

Private cell operators to team up with Postal Dept

Infrastructure growth faulty: Report

Tariff values for palm oils hiked

Rush for shifting DP accounts

More than system inadequacy



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