Financial Daily from THE HINDU group of publications
Friday, May 12, 2006
Markets (May 11)
BSE Sensex12435.41(-176.97)
S&P CNX Nifty3701.05 (-53.20)
US Dollar (Buy/Sell)45.11 (+0.15)


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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Summer special
UP FOR GRABS: Palm fruits piled up for sale on Jubilee Hills Road in Hyderabad. This summer fruit, sold at Rs 10 a dozen, is brought by sellers from Narsaraopet in Guntur district who do brisk business in the city ... More

ECONOMY


Deora to meet PM soon on petro product pricing
Mechanism to cushion OMCs More

AP seeking JBIC loan for irrigation projects
The Andhra Pradesh Government is pursuing a Rs 1,400-crore loan from the Japanese Bank for International Cooperation (JBIC) for Krishna and Godavari delta modernisation projects. This is part of the major Government drive to increase the ... More

Meet on new WPI
The Cochin Chamber of Commerce and Industry, in association with the PHD Chamber of Commerce and Industry, is organising a half-day workshop/ interactive session on Introduction of New Wholesale Price Index (Base 2000-01) — Collection of ... More

Decentralised planning a success: Study
State Planning Board calls for support to panchayat bodies in raising resources More

INFRASTRUCTURE


Centre plans to implement $ 50-b highway projects
Road sector holds potential to boost GDP growth: CII More

DS Group to expand hospitality vertical; foray into infrastructure
The group is also looking at the business of power transmission in Tripura, with Oil and Natural Gas Corporation setting up a power generation plant in the State. More

PETROLEUM


IOC, BPCL, HPCL to lose Rs 7,500 cr in 45 days
Even as the Centre is mulling over a petroleum product price hike or an alternative mechanism to provide relief to the oil marketing companies from the brunt of high crude prices, the three oil PSUs put together will be recording ... More

Govt completes transfer of ISPRL to OIDB
The control of Indian Strategic Petroleum Reserves Ltd (ISPRL) has changed hands. The process of transfer of equity shares of IOC in ISPRL, a special purpose vehicle, to the Oil Industry Development Board (OIDB) was recently completed. After ... More

Reliance Petro debuts on BSE at 70 pc premium
Shares of Reliance Petroleum Ltd (RPL) made their debut at a 70 per cent premium on Thursday. The share opened at Rs 101.95 against its issue price of Rs 60 on the BSE in the morning but went down to Rs 81.10 before closing at Rs 85.45. ... More

Not self and reliance
Having worked from outside with two coalition governments dependent on Left support, the CPI(M) leader, Mr Sitaram Yechury, has honed his debating skills considerably. At the meeting with the Petroleum Minister, Mr Murli Deora, on the petrol ... More

POWER


Govt to revisit power open access surcharge issue
Under fire from the power sector regulatory establishment, the Government is planning to revisit provisions of the National Tariff Policy to allow State Electricity Regulatory Commissions the leeway to fix the open access surcharge formula for ... More

MIDC plans four captive power plants in the State
The Maharashtra Industrial Development Corporation (MIDC) is planning to set up four captive power plants in the State and is likely to initiate pre-qualification process. All the four plants, referred to as Group Captive Power Plants (GCPP), ... More

TAXATION


TN Industry wants early introduction of VAT
Regular interaction and a switch over to a value-added tax system. These are just two of the issues that the industry in Tamil Nadu wants the new Government to address. A DMK-led government is expected to be sworn in before the end of this ... More

RADIO/TV


TRAI releases paper on cable TV services regulation
The Telecom Regulatory Authority of India (TRAI) on Thursday released a consultation paper on issues relating to `Regulation of interconnection for Broadcasting and Cable Television services.' The major issues identified for consultation ... More

65 channels seek downlink permission
THE Government has received 65 applications from various channels for permission to downlink their programmes in India. Official sources said 10 applications were received on Thursday, including that of ZEE MGM, DAN Tamil Ozhi, Trace TV, Raj ... More

EDUCATION


Crossover curriculum
Geoffrey Fisher, Principal of Kodaikanal International School, spells out the issues in educating GenNext. More

OPINION
Reservation for creamy layer?
It is fashionable to talk pro quota, these days. This is perceived as a chance to show one's sense of broadmindedness and also bash the upper castes. However, the biggest enemies of the SC/ST/Other Backward caste people ... More

INDUSTRY ASSOCIATIONS


Trade and industry hails Left Front win in Bengal
Captains of industry and chambers of commerce have described the massive victory of the Left Front as a "mandate for performance." Hailing the record win, the business fraternity now expects bold policy measures from the Front to unleash the ... More

SCIENCE & TECHNOLOGY


IICT plans scan, storage facility for plant molecules
To greatly benefit drug developers in the private sector More

FOREIGN DIRECT INVESTMENT


`India desirable market for US' energy sector investments'
E & Y poll also reports some deficiencies in India's case More

IPR


Patents (Amendment) Rules notified
With a view to enforcing transparency and ensuring time-bound disposal of patent applications, the Patents (Amendment) Rules 2006 has prescribed definitive timelines for various activities by the Patent Offices. The Government ... More

SOCIAL WELFARE


Consumer centre for civil supplies
The Kerala State Civil Supplies Corporation has opened a consumer information centre at its central office here to generateawareness of quality among consumers. The information centre will allow consumers to check the quality of ... More

INDUSTRIAL POLICY


`Implement Wage Act effectively'
The Labour and Employment Minister, Mr K Chandrasekhar Rao, on Wednesday called for effective implementation of the Minimum Wages Act. Inaugurating a conference of the Deputy Chief Labour Commissioners (Central) and Regional ... More

TRADE & LABOUR UNIONS


Unfair to women
Though women have made huge sacrifices for the trade union movement, the movement itself has given little recognition to women's contribution. More

ENTREPRENEURSHIP


When adivasis met Al Gore...
The Skoll World Forum at Oxford brought together an eclectic range of worldview on social entrepreneurship. More

EXPORTS & IMPORTS


Wheat prices gain despite 30 lakh t import tender
Futures contracts also rise in tandem; supplies tight More

COMMODITY COMMENTARY
Policy on import of genetically modified food flawed
No talks with `real' stakeholder before decision was taken by Govt More

Australian wheat deal facing trouble?
AWB says shipments delayed on quality concerns More

ALTERNATIVE MEDICINES


Dr Batra's to expand overseas
To foray into skincare segment More

STANDARDS & BENCHMARKS


UL India initiative to set up fire advisory council
The council will be constituted with representations from manufacturing, regulatory agencies and academia to study the nuances for more effective safety standards. More

PEOPLE


Sarthak Behuria takes over as CIE Chairman
The Chairman of the Standing Conference of Public Enterprises (SCOPE), Mr Sarthak Behuria, has taken over as Chairman of the Council of Indian Employers (CIE). CIE is an apex body of employers in the country, contributing to strengthening of ... More
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Top Stories
Dishman Pharma close to formalising another acquisition in Switzerland


Ircon to build rail link for Mittal Steel in Liberia

IRDA for 20 pc cap on motor premium changes

Centre plans to implement $ 50-b highway projects

Wheat prices gain despite 30 lakh t import tender

Policy on import of genetically modified food flawed

Reliance Petro debuts on BSE at 70 pc premium

Praxair bags order to build DSP oxygen plant

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. 30-May. 6
ICICI Bank subsidiaries post higher profit

Indian Bank, IOB to decide on rate revision soon

IT boom in Chennai

New import norms for GM soyaoil may be deferred

Centre in talks with 5 countries for gas supply to Dabhol project

Medical device makers get a breather

Indiabulls Fin de-merges real estate division

GAIL to set up LPG plants in Uzbekistan

Paradip Port's oil jetty finds takers now

Commerce Ministry recommends imposition of definitive anti-dumping duty

`FCI can take delivery of Australian wheat'

`Consultant for AI-IA merger soon'

IA plans Rs 300 fuel surcharge soon

Toilets or TV sets — A tale of distorted priorities

Maagrita begins to export mangoes from AEZ

Mahajan's death: An undeniable loss for BJP

Export infrastructure yet to take off

Lack of adequate rain worries coffee growers

`India less vulnerable to global imbalances'

RNRL defends gas supply pact with RIL

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

Godrej joins other FMCG majors in shopping for cos abroad

Tyre companies seek suspension of rubber exports

New avenue opens up for importing raw sugar

Deficit reduction on track: S&P

Ministry yet to decide on gas sales between Reliance cos



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