Business Daily from THE HINDU group of publications
Friday, September 29, 2006
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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Low pressure may become depression
Likely to cross Orissa coast More

AWARDS & HONOURS
4 NGOs in fray for Alcan award
Four Indian non-governmental organisations (NGOs) have been shortlisted for the $1-million Alcan Prize for Sustainability. The international prize is given every year to recognise not-for-profit civil society and NGOs that have ... More

ECONOMY
Global growth outlook to help energy, base metals
Monetary conditions continue to sustain growth More

Presidential prescriptions
The President's visit may trigger some introspection and concerted action in Kerala's healthcare and medical industry. More

EXCISE AND CUSTOMS
Mangalore collects Rs 3,459-cr Central Excise duty
The office of the Commissioner of Central Excise in Mangalore has collected Central Excise duty to the tune of Rs 3,459 crore during the last fiscal. Addressing presspersons here on Thursday, Dr John Joseph, Commissioner of Central Excise, ... More

FOREIGN TRADE
Much beyond cricket and curry
India and Australia look eagerly ahead to a shared future of commercial ties. More

Belgian delegation coming in March
MoU signed with Shipping Ministry in logistics More

HEALTH
Mauritius looking for Indian cos to market mineral water
Mineral water from 1,200 metres under the sea More

INFRASTRUCTURE
SEZ not our thrust area: ICICI Bank
"Special Economic Zone has not been our thrust area and we haven't looked at it," said Ms Kalpana Morparia, Joint Managing Director, ICICI Bank. To a question on SEZ financing, Mr K.V. Kamath, Managing Director and CEO, ICICI Bank, said, "Let ... More

Posco, 12 other SEZs get in-principle nod
Notifications given for 6 SEZs in IT, pharma and engg products More

Guarded leaks
With few new policy initiatives coming out these days, the media are being increasingly fed with details of the challenges the Government is facing from within. First it was the Special Economic Zone (SEZ) issue that saw the Commerce and Finance ... More

Chinese concerns
The Government seems to be in two minds about allowing Chinese investments into the infrastructure sector. Two new container terminals at Mumbai and Chennai ports have been inordinately delayed because a Chinese company, Hutchison, is in ... More

`Govt won't allow SEZ Act to be sabotaged'
Kamal Nath admits there were interests working against such such zones More

MMRDA nod for Rs 6,192-cr metro link proposal
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the Rs 6,192-crore Charkop-Bandra-Mankhurd (CBM) line, the 31.87-kilometre link that forms part of the first phase of the Mumbai Metro Railway Project. The MMRDA will pick ... More

PETROLEUM
Shell offers business model on profit-sharing to ONGC
ONGC considering Shell proposal More

HPCL making marginal profit on sale of petrol
`Q2 crude sales subsidies likely to be around Rs 5,100 cr' More

PHARMACEUTICALS
Order on OTC drug sale welcomed
Consumer organisations on Thursday came in support of the proposed change in law that seeks to make household remedies more accessible by way of sales through grocery stores. A draft notification seeks to do away the ... More

POWER
GMR signs power purchase pact with Orissa Govt
For selling power from Dhenkanal plant More

Kerala to frame micro hydel power policy
Govt plans to raise generation capacity by 1,000 MW More

STEEL
Steel prices likely to go up from Oct
Steel manufacturers are contemplating an increase in steel prices across the board effective from October. Though the exact quantum would be decided only at the last moment, sources in manufacturing companies said that the average increase ... More

TAXATION
Stiff tax regime forces shipowners to flag out vessels
Shipping Ministry to take up issue with Finance Ministry soon More

TEXTILES
SIMA looking at AP to locate `spinning park'
Southern India Mills Association (SIMA) is exploring the scope of putting up a textile `spinning' park in Andhra Pradesh's Nellore district, to take advantage of lower power tariff and slew of investment incentives being offered for the textile ... More

SSI
Cut wax prices: Sattur Chamber
The Sattur Chamber of Commerce and Industry has urged Union Petroleum Minister Mr Murali Deora to cut wax prices by 30 per cent in consonance with the reduced price of crude oil. In a statement, the Chamber Secretary, Mr P.T.K.A. Balakrishnan, ... More

RADIO/TV
DD turns to movies to boost revenue
Having lost the rights to broadcast live cricket matches, Doordarshan is to look at maximising its revenues by showing blockbuster movies during the remaining part of the year. The state-owned broadcaster has set up a ... More

EDUCATION
`Be an all-rounder, than a first-ranker'
It is important to be an all-rounder who excels in studies, sports, communication and extra-curricular activities than a first-ranker restricted only to knowledge of the subject, Mr V.A. George, President, India Cements Capital & Finance Ltd, .. More

REAL ESTATE & CONSTRUCTION
MetroCorp, Jurong tie up for township project in Coimbatore
At an estimated investment of Rs 500 cr over 3-4 years More

EurIndia plans to raise Rs 100-cr for real estate
Multi-sector fund's main focus to be on Goa, South More

INDUSTRY ASSOCIATIONS
Arumugam re-elected SIMA Chairman
Mr S.V. Arumugam, Managing Director of Bannari Amman Spinning Mills Ltd, Dindigul, has been re-elected as the Chairman of the Southern India Mills Association (SIMA) for the year 2006-07 at the 47th AGM of the association held ... More

MINERALS
Paswan seeks PM's intervention to curb iron ore exports
Also urges not to renew LTAs with Japan, Korea More

RESORTS & AMUSEMENT PARKS
Pragati Green gets eco-tourism award
Pragati Green Meadows and Resorts has won the eco-tourism award for the year from the Andhra Pradesh Tourism Department, on the occasion of World Tourism Day on September 27. The resorts on the outskirts of Hyderabad have more ... More

CINEMA
Finding new ways to curb piracy
Mass screening pre-empts pirates More

GENDER
Revolutionary chants
Pune boldly welcomes women to take up priesthood and officiate at Hindu rituals and ceremonies. More

FOREIGN DIRECT INVESTMENT
DoT wants Govt to put FDI press note on hold
Fears implementation will impact fresh investments in telecom More

IPR
US seeks data protection in India
The Deputy Economic Counsellor, Embassy of United States of America, Mr John Fennerty, has said that American companies will refrain from making investments in India until the Government guarantees them adequate data protection. ... More

HUMAN RESOURCES
Auto boom and the talent crisis
Given the global nature of the automotive industry, the time is ripe for players in India to look outside for hiring talent — to "top up", so to speak. More

EVENTS
Which AP?
Arunachal Pradesh Chief Minister Gegong Apang recently turned a press meet in the capital into a lecture on the geography of his State following a slip of the tongue by Union Power Minister Sushil Kumar Shinde. Speaking earlier at the event, ... More

Style 'n substance
THE ASSEMBLY SPEAKER, Mr K.R. Suresh Reddy, in conversation with actress Poonam Bajwa at the inauguration of `The Hindu-Eenadu Lifestyle Show' in Hyderabad on ... More

ENTREPRENEURSHIP
Art smart deals
A new breed of art entrepreneurs that mixes business with artistic pleasure. More

EXPORTS & IMPORTS
50,000 t Russian wheat shipment rejected
A 50,000-tonne Russian wheat consignment has been rejected by the State Trading Corporation (STC) as a higher percentage of "extraneous matter" was found in the cargo, according to a Chennai Port Trust official. The consignment is part of the ... More

TOURISM
Centre to set up tourism institutes in Kerala
Kerala Travel Mart begins More






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Top Stories
PSBs may mark to market entire securities portfolio

New entrants grow at the cost of legacy air carriers

Global growth outlook to help energy, base metals

Steel prices likely to go up from Oct

Stiff tax regime forces shipowners to flag out vessels

Auto boom and the talent crisis

Posco, 12 other SEZs get in-principle nod

M&M to acquire 67.9% stake in German co Jeco Holding

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Looking back
Sep. 17-Sep. 23
`India's rise is in everyone's interest'

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`JK Tyres, Ceat, Birla to roll back tyre prices by 4-5 pc'

ONGC to pay 200 pc final dividend, issue 1:2 bonus in Nov

Farm Ministry's kharif estimate paints gloomy picture

NTPC sells fly ash to DMRC, IOC, cement majors

Processing time for US licence for exports to India reduced

RBI move to curb bank lending to SEZs

ONGC-Sinopec acquires Columbian oil firm

SEZ board fixes investment limit for developers

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FMCG counters turn attractive

Soyameal exports to China seen up on duty cut

Transfer pricing audits: No review of threshold cap now

Nabard can lend for rural roads



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