Financial Daily from THE HINDU group of publications
Tuesday, October 04, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Monsoon deficient in 133 dists
AS much as 28 per cent of the districts have received either deficient or scanty rainfall during the southwest monsoon this year, says the National Centre for Medium Range Weather Forecasting (NCMRWF). At least 133 districts find themselves in ... More

Weather, software & power of predictions
TODAY'S competitive landscape requires organisations to operate more efficiently and plan for the future. Estimates and educated guesses alone will not suffice. Software is one sector where the power of prediction could influence the speed and ... More

NRIS


ICICI Bank hikes NRE deposit rates
ICICI Bank increased the interest rates on its NRE savings, NRE fixed deposits and FCNR deposits. The rates on NRE savings accounts were last revised in July, while the rates for the NRE fixed deposits and FCNR deposits were revised in September, ... More

SBT revises FCNR, NRE term deposit rates
STATE Bank of Travancore (SBT) has revised the interest rates on FCNR and NRE term deposits and NRE savings bank accounts with effect from October 1, 2005. SBT has also increased the interest rate on NRE savings bank accounts from 3.70 per cent ... More

ANTI-DUMPING


Dumping probe ordered on cellophane imports from China
THE Designated Authority in the Commerce Ministry has set off an anti-dumping investigation on imports of cellophane transparent film from China, which is widely used in wrapping confectionery and other eatables. Cellophane transparent film is ... More

Maharashtra to seek dumping duty on US cotton imports
THE Maharashtra Government proposes to appeal to the Union Commerce Ministry to invoke anti-dumping regulation against cotton imports from the US. Mr Harshvardhan Patil, Minister for Marketing, Government of Maharashtra, told Business ... More

ECONOMY


Bill to ensure fiscal prudence tabled in AP
The Commission had recommended that the debt relief shall be available only to those States which enact a fiscal responsibility legislation prescribing specific annual targets. More

FOREIGN TRADE


West Australian Premier meets Ola
THE Premier of Western Australia, Dr Geoff Gallop, called on the Minister of Mines, Mr Sis Ram Ola, on Monday. Dr Gallop discussed issues relating to foreign direct investment (FDI) in India by Australian companies, the mineral policies of ... More

HEALTH


Aspartame: Bitter truth in artificial sweeteners?
IS there a bitter truth lurking behind artificial sweeteners? As concerns over the safety of sugar-substitutes containing aspartame emerge yet again, the Centre has decided not to dilute the existing labelling requirements on tabletop sweeteners. ... More

INFRASTRUCTURE


Mahindra acquiring land for another SEZ
MAHINDRA World City (MWC), the Special Economic Zone (SEZ) near Chennai, is taking the development of an integrated business township into the second phase. Mr B.G. Menon, Chief Operating Officer, Mahindra World City Developers Ltd, said that ... More

PSU


KMML to make titanium metal for aerospace use
THE State-owned grey-gold company, Kerala Minerals and Metals Ltd (KMML), as part of its diversification and expansion programme, is to enter into production of titanium sponge/metal used in aerospace and military applications, thus taking the ... More

PLASTICS


Retailers protest against Maharashtra ban on plastic bags
THE Retailers Association of India (RAI) has raised the banner of protest against the blanket ban on plastic bags proposed by the State Government. According to RAI, the recent calamity has more to do with faulty waste management than use of ... More

POWER


CERC proposes cap on power trading margins
THE Central Electricity Regulatory Commission (CERC) has proposed a cap on margins of power traders at 2 paise per unit of electricity traded. In its draft regulations on fixation of trading margin, the regulator has said trading licensee ... More

TEXTILES


NTC to lease out 30 mills to pvt sector — Short of cash for modernising all mills
THE Government has granted approval to the National Textile Corporation (NTC) to scout for private parties to run as many as 30 NTC mills on a lease basis in order to quicken the pace of modernisation. Sources in the Government told Business ... More

SSI


Rebate for khadi items
THIRUVANANTHAPURAM: The Centre has announced both normal as well as special rebates for khadi and khadi-related items effective from October 1 till March 31 next year. Accordingly, cotton khadi, woollen khadi, spun silk, and polyester ... More

RADIO/TV


Govt bans Free X-TV
NEW DELHI: After banning channels such as Ren TV for airing objectionable content, the Information and Broadcasting Ministry has prohibited the transmission of Free X-TV in the country. This is because the channel has been "telecasting ... More

EDUCATION


Manipal Academy's new medical college inaugurated
Students of the centre will have option of enrolling either at the Basic Science Campus at Antigua or at KMC campus in Manipal and completing their clinical training at the teaching hospitals in the US. Mangalore, Oct. 3 KMC ... More

ICSI coaching classes
HYDERABAD: The Hyderabad Chapter of Institute of Company Secretaries of India (ICSI) has announced that the fresh batch of oral coaching classes for the foundation and intermediate students of company secretaryship course would begin on ... More

IT quiz for schools in Thiruvananthapuram
THIRUVANANTHAPURAM: TCS, which has a corporate training centre in Technopark, will be conducting TCS IT Wiz, the school IT quiz. Formerly called the TCS IT Quiz, the competition will be held on Sunday (October 16) at the AKG Centre ... More

REAL ESTATE & CONSTRUCTION


CB Richard Ellis opens offices in Pune, Hyderabad
WITH a surge in demand for commercial and residential spaces in the two cities, CB Richard Ellis India today announced the opening of offices in Pune and Hyderabad. "The demand in the office sector for these cities is coming from IT, ITES and ... More

HDFC realty fund to invest in Ansal IT City and Parks
HDFC India Real Estate Fund (HI-REF), the first scheme of HDFC Property Fund, has decided to invest in the capital of Ansal IT City and Parks, which is a wholly owned subsidiary of Ansal Properties and Infrastructure Ltd. "Ansal IT City & ... More

INDUSTRY ASSOCIATIONS


`Kerala can make significant progress in IT'
THE impervious attitude of the people towards developmental projects has left the State far behind in industrialisation, according to the Chief Minister, Mr Oommen Chandy. Of the Rs 78,000 crore IT exports in the country, Kerala's share is only ... More

HANDLOOM


Kerala CM to inaugurate expo on handloom tech
THIRUVANANTHAPURAM: The Chief Minister, Mr Oommen Chandy, will inaugurate an exhibition on `Dissemination of appropriate technology for the handlooms sector' on Tuesday. The exhibition is being organised by the Directorate of Handlooms ... More

SCIENCE & TECHNOLOGY


International space charter on disaster to meet today
Since November 2000, the Charter has been activated more than 80 times to assist in emergencies such as floods, fires, landslides, typhoons, volcanic eruptions, oil spills, tsunamis, hurricanes, earthquakes and civil ... More

MINERALS


Iron ore lorry operators in Dakshina Kannada go on strike
IRON ore lorry operators in Dakshina Kannada began an indefinite strike on Monday seeking higher rental from exporters for their vehicles. Addressing lorry owners here on Monday evening, Mr G.R. Shanmukhappa, President of the Federation of ... More

RURAL DEVELOPMENT


National Rural Employment Guarantee Scheme — Remedy worse than the disease?
THE UNITED PROGRESSIVE ALLIANCE (UPA) Government has fulfilled one of its commitments in the National Common Minimum Programme. The Bill on the National Rural Employment Guarantee Scheme (NREGS) seeking to provide guaranteed employment to one ... More

TRAI unveils package to boost rural teledensity
IN order to boost rural tele-density, the Telecom Regulatory Authority of India (TRAI) has suggested a slew of measures including sharing of infrastructure, discount in license fee and spectrum charges to mobile operators, development of local ... More

HUMAN RESOURCES


Average pay rise to go up in 2006; India may top list
In India, employees are expected to receive a pay rise of 11.3 per cent, with inflation pegged at 4 per cent. More

EVENTS


IIMC Alumni plan quiz
HYDERABAD: The IIMC Alumni Association has announced that it would organise a business quiz at Vasavi Club Auditorium, Lakdikapul, here on October 7. In a press release here on Monday, the event coordinator, Mr Ramesh Chandra, said Prof K. ... More

Energy Ministers meet begins today
THE Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) Energy Ministers' Conference is to be held here on Tuesday. The meet is aimed at promoting optimal energy utilisation through development of new ... More

ENTREPRENEURSHIP


`Entrepreneurs must develop credibility in early years'
One of the most important lessons for a young entrepreneur is to build one's credibility in the early years. In the initial stages, there would be more disappointments than successes, but he or she should develop strength of conviction, said Mr ... More

EXPORTS & IMPORTS


Coffee exports down 35 per cent in H1
VOLATILITY in global coffee prices has pushed down country's exports by at least 35 per cent in the first half of the current fiscal. Coffee exports during April-September stood at 74,564 tonnes compared with 1,14,489 tonnes during the ... More

Edible oil imports set to rise: Nadir Godrej
INDIA'S vegetable oil consumption is likely to reach 20 million tonnes (mt) by 2010 - from an estimated 12 mt currently - and over half of the requirement will have to be imported as domestic production increases continue to trail demand ... More

TOURISM


Terrorism, violence have increased globally: Survey
TERRORISM and violence across the world has increased, believe 75 per cent of the respondents who took part in a survey by the Pacific Asia Travel Association. Called `Asia Pacific Travel and Tourism: The Industry Speaks', the study is based ... More

PEOPLE


Elected BMA President
BANGALORE: Wg. Cdr. Patrawalla, General Manager of Hindustan Aeronautics Ltd has elected President of the Bangalore Management Association (BMA) for the year 2005-06. Mr K.S. Narayanaswamy (Senior Vice-President, Advanta India Ltd) has ... More



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Looking back
Sep. 25-Oct. 1
BPCL in talks with NCDEX for futures trading in furnace oil

`SMEs must upgrade tech to become Defence suppliers'

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CAG non-committal on issue of auditing NGO accounts

Infrastructure growth slows to 5.7 pc in Aug

SC seeks explanation on `unregulated' mobile towers

Seven States may participate in tax info exchange project

Bajaj Capital promoting art as investment option

Indian shrimp prices decline in US markets
Festival demand fails to spark; exporters look to Japan


Volatility may continue in crude oil market

PM concern over science grads not finding gainful jobs

Direct overseas investments up

NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

Essar among FDI proposals cleared

India attracted $5-b FDI in 2004, says Unctad

Tread warily on MFI loans; but spare a thought for rural poor

India gains in global growth index — Finland retains top slot in World Economic Forum rankings

Leasing of aircraft could get dearer from today


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