The Hindu Business Line : Sunday, August 24, 2003

ICICI Safety Bonds August 2003 — Still an attractive bet
ICICI has hit the streets with its `Safety Bonds' offer much earlier this year than it did in 2002-03. However, there is nothing much in it to cheer for investors. The coupon rate on the Tax Saving Bonds is lower than ... More

ECONOMY

`India, Lanka must work together for synergy'
THE Sri Lankan Prime Minister, Mr Ranil Wickremasinghe, on Saturday called for greater regional co-operation between India and Sri Lanka to benefit the entire region. Networking and integration offer better options for successful economic ... More

Bank credit up Rs 1,273 cr
Bank credit of all scheduled commercial banks has increased by Rs 1,273 crore to a total of Rs 7,28,675 crore for the fortnight ended August 8. In the previous fortnight, the increase had been by Rs 1,827 crore. During the period, non-food ... More

PETROLEUM

`Ban kerosene import by private retailers'
A PARLIAMENTARY panel has asked the Government to stop import of kerosene by private sector retailers since it is being used to adulterate diesel. "In view of the fact that indigenous production of kerosene matches with the demand, Government ... More

CCEA nod for ONGC Sudan investment
THE Cabinet Committee on Economic Affairs (CCEA) today approved an investment proposal of ONGC Videsh Ltd's (OVL) to acquire equity stakes in two oil blocks in Sudan. "The CCEA has cleared OVL's acquisition of 26.12 per cent stake in ... More

PHARMACEUTICALS

IPA to organise global business meet
THE Indian Pharmaceutical Association (IPA), the professional body of pharmacists in the country, has announced that it would organise an international business convention and exhibition from September 14-16 in Mumbai and expects to generate a ... More

POWER

2000-MW NHPC's Arunachal Pradesh project approved
THE Cabinet Committee on Economic Affairs (CCEA) has approved the setting up of the 2000 MW Subansiri lower hydroelectric project in Arunachal Pradesh by National Hydroelectric Power Corporation (NHPC). The project will be set up at a cost of ... More

STEEL

Steel: From strength to strength
THE domestic steel industry's woes at the beginning of the millennium and the remedial measures that have since been taken have not been in vain. The cost rationalisation and the improved price realisations have helped ... More

Tonnes by the wire
The possibility of matching buyers and sellers in cyberspace has enabled timely deliveries and a dramatic reduction in marketing overheads. More

Branding irons
BRANDING and its related benefits are not common in the commodities business. That is the case even where the end-user is the man on the street. Brand recognition and recall is even more difficult to achieve if a ... More

Steeling the thunder
Tata Steel: Book profits partially
SAIL: Sell, buy on declines
Essar Steel: Sell More

SSI

SSIs tightening up to take on Chinese challenge
A NEW trend is emerging in the manufacturing sector, particularly among the smaller manufacturers. It is a spirit of combativeness to face challenges posed by cheap Chinese imports, comply with quality standards both in Europe and in the US and ... More

Rs 250-cr infrastructure scheme for food sector
IN an effort to facilitate the creation of `food parks' to help small and medium-sized units, the Union Government has approved an Rs 250-crore infrastructure development scheme for the food processing industry. At its meeting here on ... More

RURAL DEVELOPMENT

Sri Lanka seeks Swaminathan's expertise to develop agriculture
SRI Lanka is looking at developing its rural economy with strategies based on location specific needs. Modernising agriculture, strengthening supply chain and marketing, and organising local councils that will focus on developing local economies ... More

ALTERNATIVE MEDICINES

Rs 120-cr outlay for Indian drug system
THE Indian Systems of Medicine and Homeopathy (ISM&H) received a fillip here today with the Government approving an allocation of Rs 120 crore for the development of ISM&H institutes as part of the Tenth Five-Year Plan. The approval was given ... More

STANDARDS & BENCHMARKS

Govt keen on food security
THE Government is making efforts to facilitate labour intensive growth and provide direct programme to generate productive employment that is crucial for achieving food security, according to the Union Finance Minister, Mr Jaswant ... More

PEOPLE

New FIEO chief
THE Federation of Indian Export Organisations (FIEO) has a new Director General in Mr G Balachandran, IAS. Prior to this appointment, Mr Balachandran was the Managing Director of West Bengal Essential Commodities Supplies Corporation ... More

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