Financial Daily from THE HINDU group of publications
Thursday, January 09, 2003
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Financial Daily from THE HINDU group of publications Thursday, January 09, 2003 |
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INDUSTRY & ECONOMY ANTI-DUMPING No anti-dumping duty on Chinese imports — Customs duty on metcoke cut to 5% "The customs duty of 5 per cent will be applicable on metcoke imported by ferro alloy producers so long as the imports are made in conformity with the procedures of Rules, 1996." More CONSUMER ELECTRONICS A durable outlook? Consumer electronics manufacturers have drawn up optimistic targets for the year and feel the worst is behind them. The industry is hoping to ride it out on the feel-good factor of the cricket World Cup. Now, only consumers have to see it their way. Catalyst reports. More ECONOMY Rating move only a reiteration: Govt THE Finance Ministry has downplayed the Standard & Poor's Rating Services' decision to maintain its `negative outlook' for the Indian economy, while not revising the country's long-term sovereign credit ratings at their existing `BB plus' ... More
NCAER reviews growth forecast
Gulf NRIs to press for special ID cards ENVIRONMENT `Industries should take care of environment' INDUSTRY should look at commitment to social and environment responsibilities as much as competitiveness, the Chairman and Managing Director of TVS Motor Company Ltd, Mr Venu Srinivasan, has said. The corporate sector should play a proactive ... More
Chamber hails drive to clean up Madurai FOREIGN TRADE 
Indo-British trade ties will break barriers, says HewittMs Hewitt said the decade-old Indo-British Partnership had been "successful", as trade between the two countries doubled to £5 billion over the last couple of years. This would double to £10 million within the next five years. More
`West must open market for Indian food, farm goods'
Canada keen to expand trade ties HEALTH `HIV vaccine to hit market in 5 years' THE HIV vaccine is among the three challenging vaccine programmes that Indian scientists are working on. These are expected to be ready for the market in three to five years, according to Dr N.K. Ganguly, Director-General, Indian Council for ... More
Sachs urges hike in health spend PETROLEUM ONGC bids for Cairn assets in India THE Oil and Natural Gas Corporation (ONGC) has made a non-binding bid for Cairn Energy's assets in India, while its subsidiary, ONGC Videsh Ltd (OVL), has made an offer to buy Cairn's assets in Bangladesh, according to the ONGC Chairman and ... More
ONGC to invest Rs 500 cr in three new fields PLASTICS TAPMA demand CHENNAI: The Tamil Nadu Plastic Manufacturers' Association has urged the Centre to reduce customs duty on plastic raw material to 15 per cent, according to an association press release. This will help temper the steep increase ... More POWER 
Chinese knowhow for small hydel projectsKERALA State Electronics Development Corporation (Keltron) will take up the development and manufacture of control systems for the small hydel projects, micro computer monitor systems for dams, hydraulic governor system and electronic governor ... More RUBBER Rubber-based project proposals for GIM THE Global Investors' Meet (GIM) has received a string of proposals relating to rubber-based industries with an investment potential of Rs 595 crore, apart from an RPG group proposal to set up a chain of `hyper markets' in the State, according to ... More WATER `Many points missing in Pampa Action Plan' THE Pampa Action Plan submitted to the Centre by the State Government does not seem have fully followed the guidelines of the National River Conservation Authority (NRCA) that has included the Pampa river in its national programme. An expert ... More
Kerala industry favours pvt water scheme PERSONAL PRODUCTS Market conditions may not cheer consumer goods majors DESPITE market data indicating a marginal pick-up in demand for fast moving consumer goods (FMCG), the real picture for leading companies in the sector could continue to be lacklustre, analysts and industry sources said. "The FMCG market may ... More MEDICAL INSTITUTIONS & HOSPITALS Aavanor unveils Hospaa 3 CHENNAI: The Chennai-based Aavanor Systems Pvt Ltd has launched Hospaa 3, an integrated Web application to automate the functioning of a hospital. The application focuses on achieving improvement in the efficiency of healthcare ... More REAL ESTATE & CONSTRUCTION Newly-weds in Kerala keen on independent houses NEWLY-MARRIED couples in Kerala are in the forefront looking for new residential premises as they prefer to live in independent houses which they feel provides them with privacy and freedom. This was revealed in a survey that 52.47 per cent of ... More
40 builders to take part in `Prop World' LEATHER Centre okays Rs 2,500 cr for leather export THE Centre has agreed to increase the investment for leather exports to Rs 2,500 crore in the 10th Plan period and of it Rs 400 crore would be released for the present, according to Mr S. Audiseshiah, Executive Director of the Council for Leather ... More KNITWEAR & HOSIERY Knitwear exports from Tirupur decline 8 pc KNITWEAR exports from Tirupur in 2002 have recorded an 8 per cent drop in value (dollar) terms and a little over 7 per cent decline in volume terms compared to the previous calendar year. The total knitted garment shipment from Tirupur region ... More BIO-TECH & GENETICS Andhra Bank to invest Rs 10 cr in biotech fund ENABLING the Andhra Pradesh Government to finish the first closing of the proposed Rs 100-crore biotechnology venture fund, Andhra Bank, the Hyderabad-based public sector bank, has committed to invest Rs 10 crore in the venture fund to be managed ... More SCIENCE & TECHNOLOGY Scientist's call for evergreen revolution IT is now time for Indian agriculture to jump into an `Evergreen Revolution' that will increase production and productivity in perpetuity, while maintaining the natural resource balance, Dr M.S. Swaminathan has said. He was speaking at the ... More
Hits and misses by top scientists DISINVESTMENT RBI for 33 pc Govt holding in PSU banks THE Reserve Bank of India is of the view that the Government should immediately bring down its shareholding to 33 per cent in nationalised banks to enable them to raise fresh capital from the market. According to Mr G.P. Muniappan, Deputy ... More
SCI divestment runs aground over security
Panel submits roadmap for divesting 4 PSUs FOREIGN DIRECT INVESTMENT 
Rs 8,788-cr FDI proposals cleared in '02 lowest since 1992 — Govt may cozy up to NRIsNON-RESIDENT Indians (NRIs) are filling in the gap in foreign direct investments (FDI) created by the apparent waning of interest of large multinational corporations to invest in India, according to FDI figures available with the Department of ... More WTO Doha agenda crucial for multilateralism: WTO chief THE Doha Development Agenda and successive rounds of parleys are crucial for mutlilateralism. And multilateralism itself provides a crucial test for the success of WTO negotiations, according to Dr Supachai Panitchpakdi, Director-General of the ... More RURAL DEVELOPMENT No money for the poor BANKERS have little appetite to fund projects aiding the poor. And when the poor decide to help themselves, they are keen on tripping them. A high power committee is now working on writing down regulations and supervisory guidelines to throttle ... More EVENTS Seminar on technology forecast PRICEWATERHOUSECOOPERS (PwC) in coordination with the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) and the Government of Andhra Pradesh is organising a day-long seminar on its Technology Forecast 2002-04 on ... More INCOME TAX IRDA for more tax sops to encourage savings Senior IRDA officials told Business Line that the tax structure proposed by the insurance regulator stressed on incorporating significant tax incentives to encourage savings. More EXPORTS & IMPORTS Oilmeal shipments plunge 33 per cent OILMEALS, which until recently used to be one of the fastest growing commodities in the agri-export basket, have taken a deep plunge this year with a fall of 33 per cent in export shipment. December is traditionally the month when oilmeal ... More TOURISM Banganga festival from Jan 11 MUMBAI: The Banganga Festival, organised every year by Maharashtra Tourism Development Corporation (MTDC), will feature a drupad concert by Gundecha Brothers and a surbahar-sitar jugalbandi by Ustad Imrat Khan and his son ... More ECONOMIC OFFENCES Serious frauds office in the offing THE Union Finance Minister, Mr Jaswant Singh, has said that he would seek the Union Cabinet's approval on Thursday for opening a serious frauds office in the country so that the problems of corporate governance could be addressed ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus Inside China Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year Gold: Still the winner? Oil PSUs: Disinvestment dilemma In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 29-Jan. 4 BJP, allies rap panel proposals Kelkar suggestion on edible oil duty a healthy one Traditional items push export growth in H1 Tea futures marks Upasi bid to be supply chain leader — Mr N. Dharmaraj, Chairman of Upasi Tea Committee Gasohol programme watered down Ascon study upbeat on manufacturing sector Exports post 16% growth in Nov `Manufacturing must focus on tech' Rice exporters fault Govt policies, fear loss Will PPF retain glitter in the long run? |
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