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Sunday, September 07, 2008
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INDUSTRY & ECONOMY

AUTOMOBILES: Automobiles: Working on a better product mix
The pause in demand due to high interest rates coupled with rising input costs have battered the auto sector in recent times. Raw material costs for five majors — Tata Motors, Ashok Leyland, Mahindra and Mahindra, Maruti Suzuki and ...

PERSONAL PRODUCTS: FMCGs: Price hikes, forward purchases save the day
With the cost of almost every input ranging from palm oil and milk to packaging material zooming upwards, FMCG companies have had plenty of cost-side pressures to contend with over the past year. But many of them have emerged relatively ...

ENGINEERING: Capital goods: New moves on procurement
Capital goods companies have begun to feel the heat from spiralling commodity prices. The average operating profit margins of companies in this space have fallen a good two percentage points, to about 16 per cent, in the June quarter. Raw ...

INFRASTRUCTURE: Infrastructure: The escalation clauses start kicking in
Efforts by infrastructure and construction companies to protect margins have revolved around attempts to pass on raw material price hikes to clients. Steel, cement, bitumen and diesel can account for as much as 60-65 per cent of the total ...

STEEL: Steel: Creating backward linkages


POWER: India hopes to leverage edge in reactors, thorium technology
New Delhi, Sept. 6 India’s entry into the global civilian nuclear fraternity is unlikely to be just a one-way street in terms of technology flows and business opportunities. India, which has established global leadership in research ...

INFRASTRUCTURE: Thrust on basics — and beyond
The Second Master Plan for Chennai seeks to address the demands that a rapidly growing population places on natural resources, infrastructure and basic needs, says Ms Susan Mathew, Vice-Chairperson, Chennai Metropolitan Development ...

REAL ESTATE & CONSTRUCTION: Old cessed buildings in South Mumbai to be redeveloped
Apex court sets aside HC restrictions; over 20 lakh to benefit. Mumbai, Sept. 6 Over two million people living in 19,672 old and dilapidated cessed buildings in South Mumbai stand to get new homes for free, with developers being provided the ...

POWER: N-plants account for only 2.83% of power generation capacity
To add 3,380 MWe capacity in 11th Plan. Chennai, Sept. 6 The 17 nuclear power plants now in operation across the country with an aggregate capacity of 4,120 MWe account for just 2.83 per cent of the total installed generation capacity of ...

EXPORTS & IMPORTS: Pusa 1121 export allowed with immediate effect
Traders surprised at reluctance to confer ‘basmati’ status. New Delhi, Sept. 6 The Director General of Foreign Trade (DGFT) through an amendment to its September 3 notification allowing export of Pusa 1121 as non-basmati rice said ...

REAL ESTATE & CONSTRUCTION: Dreaming big but…

The debate on the strengths and weaknesses of the Second Master Plan for Chennai Metropolitan Area 2026 notwithstanding, the adoption of a master plan for the city is cause for some cheer even if it comes more than three decades ...

INFRASTRUCTURE: Mixed reactions to master plan


POWER: ‘Waiver will trigger short-term market euphoria’
Capital goods, power sectors likely to benefit. Chennai, Sept. 6 The Nuclear Supplier Group waiver granted to India in Vienna on Saturday, after many a hiccup over the last couple of days, will definitely act as a “mood enhancer” ...

PETROLEUM: Fire at ONGC rig; operations suspended
New Delhi, Sept. 6 ONGC’s contractual rig ‘Pride Pennsylvania’, while carrying out drilling operations at Mumbai High South field, encountered a mechanical malfunctioning, causing fire this afternoon. Five crew members were ...

INDUSTRY ASSOCIATIONS: Industry chambers eye tech upgradation
New Delhi, Sept. 6 Industry chambers expressed their exuberance over the clearance of the nuclear deal, citing the immense business opportunities that would be opened up for domestic companies. ...

EVENTS: Weekly News Round up
In a major success for India's nuclear ambitions, the Nuclear Suppliers Group on Saturday granted it a crucial waiver that will enable it to carry out nuclear commerce, ending 34 years of isolation enforced in the wake of the 1974 Pokharan ...

PETROLEUM: GSPC hopes to get nod for commerciality of KG-8 discovery soon
Ahmedabad, Sept. 6 Gujarat State Petroleum Corporation is expecting the approval of the Directorate-General of Hydrocarbons (DGH) on the commerciality of the KG-8 discovery in KG basin offshore block (KG-OSN-2001/3) in the next couple of ...






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Markets (Sep 06)
Nifty (at close)4352.30(-95.45)
US Dollar (Buy/Sell)44.64/65
Brent crude (a bbl) Rs4,561
Gold (a gram) Rs1,089
Silver (a kg) Rs19,410


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In Focus
Remembering Ramachander

More

Other Top Stories
Ban on futures trading in 4 commodities extended

‘Tata Motors electric Indica will be at affordable price’

Pusa 1121 export allowed with immediate effect

Old cessed buildings in South Mumbai to be redeveloped

Looking back
Aug. 31-Sep. 6
‘Energy rating to be made mandatory for appliances from Jan’

Spices exports gain in value, volume

Dishman Pharma to invest Rs 500 cr in SEZs

Exporters disappointed over duty drawback reduction

J&K: Call for firmness and imagination

Export growth to maintain high momentum in Apr-July

Maruti reports dip in August sales, Hero Honda leads 2-wheeler growth

FIIs reduce holding in Unitech, Parsvnath Developers

Share of households in aggregate bank deposits declines

Moser Baer’s solar PV biz gets Rs 411-cr funding

India in downturn mode: OECD

Cement output at Aditya Birla group cos, ACC dips in Aug



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