Financial Daily from THE HINDU group of publications
Wednesday, June 14, 2006
Markets (June 13)
BSE Sensex9062.65 (-413.50)
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US Dollar (Buy/Sell)46.05 (+0.09)


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INDUSTRY & ECONOMY

NRIS
UTI MF devises overseas fund `Desh Videsh'
SSgA will be investment advisor for the scheme More

EXCISE AND CUSTOMS
Cabinet refers LNG duty revision issue to GoM
Finance, Petroleum Ministries express concern More

FOREIGN TRADE
`Japanese cos to step up investments in India'
To expand production capacities, increase product portfolio More

Lanka wants SSIs to be included in FTA
Small industries from Sri Lanka want to develop a structure so as to best utilise the Free Trade Agreement (FTA) with India. To begin, they want small-scale industries (SSI) to be accepted under the ambit of the FTA. Sri Lanka is ... More

INFRASTRUCTURE
`HSIDC, Reliance to sign pact on June 19'
Special economic zone project near Gurgaon More

Pampa Action Plan hits roadblock
Clubbing of Sabarimala projects with PAP puts hurdles in river cleansing work More

Gujarat employs contractors to complete dam canal
The Gujarat Government has announced that it has engaged 10 `A' class contractors to complete the remaining 101 km of the 458-km-long main canal of the Sardar Sarovar Project (SSP) to take the Narmada waters to neighbouring ... More

Srei Infrastructure bags Rs 3,000-cr road projects
The BOT projects would be completed over 18-36 months More

PETROLEUM
Left demands rollback in fuel price hike
A day after the senior BJP leaders including Mr Atal Bihari Vajpayee and Mr L.K. Advani courted arrest to protest against the fuel price hike, the Left parties and the trade unions today took to the streets and courted arrest demanding a ... More

Delhi Govt waives VAT on petrol, diesel price hike
Government will forgo Rs 102-crore revenue More

IndianOil to implement Panipat-Jalandhar pipeline
To ensure reduction in LPG transportation costs More

POWER
Coal mine allotment to 28 PSUs soon
The Ministry of Coal would finalise allotment of coalmines to another 28 Government companies for captive use within the next few days, Ministry sources told Business Line. The companies include several State Electricity Boards as well ... More

AP tops in power sector performance
Tamil Nadu, Uttar Pradesh, Haryana slip in rankings: Report More

`Energy service cos can play vital role in efficiency'
Given the large potential that existed for industrywide savings through efficient energy management, the way forward is to join hands with energy service companies (ESCOs). Pointing out that the concept went well beyond mere energy audits, Mr ... More

Ratnagiri project running short of naphtha
Stocks likely to last only for a month More

TAXATION
TN looks at revenue mop-up on tax deferral schemes
Industry calls for introduction of value-added tax More

TYRES
Tyre makers to move Finance Ministry
HIGH RUBBER PRICES More

EDUCATION
MNJI & RCC to be developed
The MNJ Institute of Oncology and Regional Cancer Centre (MNJI & RCC) will be developed into a Centre of Excellence in cancer care during the Eleventh Plan period. The hospital will have three more Linear Accelerators - CT ... More

ELECTRICAL GOODS
Fan makers get orders from Colombo, Dubai
Fan makers from Hyderabad made a good impact and received export orders from both Dubai and Colombo, following participation in `buyer-seller' meets and business visits recently. While Colombo fetched orders worth Rs 2.5 crore, Dubai offered an ... More

REAL ESTATE & CONSTRUCTION
Residential rentals in Chennai go up
More demand for houses at premium end More

Metal Box sells Faridabad property to Lakhani
Case filed by workers holding up transfer of property to buyer More

Condor group plans mall and multiplex
The Dubai-based Condor group, engaged in construction contracting in West Asia, has finalised plans for five major projects in Thiruvananthapuram with an outlay of around Rs 200 crore. The centrepiece would be a modern shopping complex in the ... More

RURAL DEVELOPMENT
Picking up the resettlement gauntlet
Mr Raghuvansh Prasad Singh will need to be wary in drafting the Bill on the issue of resettlement of project-affected people. More

HUMAN RESOURCES
6th Pay Commission to be set up soon
The Government is expected to take up during next month the procedural formalities for setting up of the Sixth Pay Commission. The Union Cabinet is likely to consider a proposal for setting up of the commission sometime during ... More

EVENTS
Global Leaders summit in Nov
What do former New York mayor Mr Rudolph Guiliani, former CEO and Chairperson of Hewlett-Packard Ms Carly Fiorina, IBM's ex-Chairman Mr Louis V. Gerstner Jr, have in common with Mr Sunil Bharti Mittal, Ms Naina Lal Kidwai, Mr Vijay Mallya, and Mr ... More

ENTREPRENEURSHIP
APSFC plans schemes for entrepreneurs
The Andhra Pradesh State Financial Corporation (APSFC) is organising a series of interactive programmes to benefit entrepreneurs in the State, beginning from Hyderabad on June 14. The top level management of the Corporation would be available ... More

EXPORTS & IMPORTS
Textile exports to US — Weaving success, post-quotas
India has to work on its shortcomings and spruce up its act to enhance textile exports so that the export target of $40 billion by 2010 can be reached. More

Value-based tea export strategy required
What should be the parameter for fixing the tea export target - volume or value? Both. Certainly, chasing volume without fetching a cost-effective higher value will not satisfy the industry. One reason why the export targets are not ... More

Wheat tender bypasses Plant Quarantine Order
STC eases zero tolerance as it is exclusively for human consumption More

Seminar on exports from coastal Karnataka
The Federation of Indian Export Organisations (FIEO), in association with the Kanara Chamber of Commerce and Industry (KCCI), will organise a seminar on `Exports from coastal Karnataka: Vision 2010' in Mangalore on June 16. A press release by ... More






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Top Stories
Upcoming public issues: SEBI clearance delay welcome


Wheat tender bypasses Plant Quarantine Order

India Cements plans plants in Himachal, Rajasthan, M.P.

The FII `shock' to stock market

BSNL lowers rentals for One India plan

AP tops in power sector performance

Left demands rollback in fuel price hike

The interest rate-stock price conundrum

`HSIDC, Reliance to sign pact on June 19'

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
Jun. 4-Jun. 10
STC finalises 8 lakh t wheat import deal

Rental laws and gains

IndianOil plans to import 40.9 mt crude oil in '06-07

BV Biologicals to offer manufacturing facilities

GAIL favours cost of service method for computing tariff

Pak mulls removing import duty on Indian tea

Air version of BrahMos missile `in next few years'

Inflation concerns, FIIs' pullout dampen bonds

Banks aggressive on rural portfolio

CLW moving to electronic payment system from June 15

Grains of failure

Ennore port projects get environment clearance

Study highlights changing attitude of Indian women

`Fuel price changes needed due to crude upsurge'

Change in pricing to hit refining margins of refiners

EGoM tightens norms for gem & jewellery, biotech SEZs

Centre rules out rubber export ban

Jeevan Akshay-III eligible for Sec 80C benefits

11 E&P cos team up for rig-sharing project

Bangalore tops biocluster list with Rs 1,400-cr revenue

Seafood exports cross $1.5 b

Govt working to check Lankan pepper imports

Railways bets big on electric traction to control fuel bill

Lanco firms up Rs 15,000-cr capex for power

`No tax exemption for aircraft lease agreements'

Why drug companies talk India, but invest in China

May car sales drive past bikes

States likely to see slippages in revenue deficit targets


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