Financial Daily from THE HINDU group of publications
Sunday, May 21, 2006
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Models show monsoon breaking in early
Activity will return to the Bay almost in tandem with the onset of monsoon over Kerala, but it will have shifted north into the central parts. More

COURTS/LEGAL ISSUES


Birla-Lodha tussle: Both claim victory on HC verdict
Friday's dual verdict by the two courts of the Calcutta High Court — the trial court and the division Bench — on the Birla-Lodha tussle has left everyone a bit confused. Both the sides claimed victory but no one is sure as to who ... More

Law firms Fox Mandal, Little merge practices
Fox Mandal & Co has announced an alliance with Little & Co. Both law firms have merged their practices since May. The merged entity - Fox Mandal Little - would be the country's biggest law firm, a statement said. The names of the two .. More

ECONOMY


`Infrastructure gap affecting GDP growth'
States told to encourage public-private partnership model More

ENGINEERING


Somnath assures help to engineering exporters
On pending VAT claims of over Rs 100 cr More

EEPC preparing roadmap for EPO
The Engineering Export Promotion Council (EEPC) is now engaged in preparing a roadmap for Engineering Process Outsourcing (EPO). A proposal to this effect has already been submitted by the Council to the Ministry of Commerce and Industry. It ... More

FOREIGN TRADE


Bid to forge strategic ties with UK
The Labour Member of the UK Parliament, Mr Keith Vaz, will be the Patron of the India-UK Business Forum in the UK, the Associated Chambers of Commerce and Industry of India (Assocham) has announced. Mr Rajpal S. Chowdhury, ... More

INFRASTRUCTURE


`Vizag likely to be mega special economic region'
The Prime Minister, Dr Manmohan Singh, said that Visakhapatnam has the potential for becoming one of the locations for the mega Special Economic Regions being promoted by the Union Government. At a public meeting in the municipal stadium here ... More

PETROLEUM


Pipeline project: CPI(M) seeks explanation
The Communist Party of India (Marxist) has raised objections to the in-principle nod given by the Cabinet for India to join the Turkmenistan-Afghanistan-Pakistan (TAP) natural gas pipeline project. In a statement issued here, the ... More

PHARMACEUTICALS


Indian pharma industry may turn into global sourcing base
Market for off-patent drugs is expected to be of the order of $60 billion by 2010 More

POWER


Power distributing cos in Delhi stem losses
Project revenue surpluses for 2006-07 More

STEEL


Pump in more funds into steel sector: PM
There is a pressing need to invest more in the steel sector, both in the public and private sectors, and to attract investments (including FDI) to achieve the target of 100 million tonnes by 2020 as envisaged in the new steel policy, Dr. Manmohan ... More

TAXATION


Panel favours splitting road cess revenues based on usage
Borrowings may be allowed to meet gaps in funding More

TN, UP may introduce VAT soon: Shome
CST, GST merger under review More

Nasscom wants tax sops to continue
With the Finance Ministry undertaking a review of tax exemptions including the tax holiday granted to the IT sector, Nasscom today said the issue needed to be examined in the global perspective where ending tax incentives may prompt players to ... More

VAT panel to meet on May 25
State finance ministers are to meet here on May 25 under the aegis of the empowered committee of state finance ministers on value added tax (VAT) to discuss among other things the compensation package that could be demanded from ... More

Bill to widen scope of services under USO Fund
A Bill to bring cellular services, in addition to basic telegraph services, within the scope of the Universal Service Obligation (USO) Fund for faster expansion of telecommunication services in the rural areas was introduced in the Lok Sabha on ... More

TEXTILES


`Garment workers worse off now than a decade ago'
Hit by long hours of work, low wages More

SSI


Citibank tool for small cos
Citibank India has launched CitiBusiness, a suite of business and financial solutions, targeted at the small businesses and professionals (SBP) community with annual turnover of up to Rs 50 crore. The suite also provides ... More

TYRES


Tyre makers likely to raise prices again
Further hike may lead to rise in road transport charges More

EDUCATION


ABB inks pact with IIT Delhi
ABB has decided to establish a `professorial chair' at the Indian Institute of Technology, Delhi for technology development and knowledge sharing between the two entities through specific development projects and research in ... More

France, Thales announce scholarships
The French Ministry of Foreign Affairs, along with Thales, a global major in aerospace, defence and security space, has announced a scheme to host and support highly qualified post-graduate students from India and China to pursue ... More

CARS


Hybrids, stepping on the gas
Hybrid cars are becoming more and more popular because of their ability to offer better mileage. But that was not the main reason why they were developed in the first place. More

REAL ESTATE & CONSTRUCTION


TVS property in Chennai to be sold through e-auction
A 55,000 sq ft vacant piece of land in the upmarket Boat Club area of Chennai is coming up for sale through an electronic auction. The TVS group, which owns the property, has asked C.B. Richard Ellis, an international real estate consultancy ... More

FOREIGN DIRECT INVESTMENT


No decision yet on FDI in Kolkata, Chennai airports
With the current policy on airports allowing 100 per cent FDI in greenfield airports, the proposed new airport in Kolkata could be built entirely through foreign direct investment, senior Government officials have said. "The West Bengal Chief ... More

INCOME TAX


Invest plan: One for my wife and one for my daughter
My gross income is Rs 1,80,000. I propose to make investments in the name of my spouse and minor daughter who have no independent source of income, in approved tax saving instruments such as NSC etc., to claim deduction under Section 80C. Will ... More




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Top Stories
`Garment workers worse off now than a decade ago'


Panel favours splitting road cess revenues based on usage

Tyre makers likely to raise prices again

Shipyards' order book stands at Rs 10,000 cr: Baalu

No decision yet on FDI in Kolkata, Chennai airports

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
May. 14-May. 20
India, Myanmar to expand trade ties

Hard bargain with pvt equity firms

ITC e-Choupal wins Stockholm Challenge Award

`Adjusted for inflation, oil not at all-time high'

Zuari sells cement biz for Rs 600 cr

`No effective way to curb cement prices'

Posco project gets rail transportation clearance

Wind power industry unhappy with TNERC tariff order

VAT-implementing States' tax revenues up 13.8 pc

New draft of unorganised sector workers' Bill presented to PM

Short-term loans: Oil cos can't count on OIDB

Reservations: Let down by weak data

Now, Pakistan buying Indian chana

Tax breaks for donations to political parties may be removed

Petroleum, gas regulatory board to be in place soon

Transportation costs up 10-12 pc: IFTRT

LIC, UTI Bank launch annuity card

Orra sells gold at fixed price

CCEA okays Rs 141 cr support for 15 PSUs



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