The Hindu Business Line : Tuesday, October 18, 2005

Staffing cos may soon pip IT firms in job market
TECH companies, the flagbearers of the job market, may soon have to look over their shoulders. Closing in on them are staffing companies, the dark horses. While the infotech sector is riding the crest of the job wave and hiring by thousands ... More

CLIMATE & WEATHER

Bay warming up again, rains to drive up east
THOUGH bolstered by the formation of a fresh cyclonic circulation over south-central Bay of Bengal on Monday, the northeast monsoon is now matched only by an equally engaging sidelight in which an invading extra-tropical system is driving the wet ... More

NON-CONVENTIONAL ENERGY

`Involve panchayats in biofuel programme'
THE Petroleum Minister, Mr Mani Shankar Aiyar, on Monday said that the successful implementation of biofuel programme depends on four Ps— public-private-panchayat-partnership. Inaugurating an international conference on `Bio fuels 2012 ... More

CONSUMER ELECTRONICS

Consumer durables market poised for high growth: FICCI
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has painted a rosy picture on growth prospects for the consumer durables industry this fiscal. In a survey, FICCI has found that that most of the consumer durables segments ... More

FOREIGN TRADE

`Britain is the natural location for trade in Europe' — Sir Michael Arthur, British High Commissioner to India
If you analyse the 500 companies, Indian companies in Britain are growing every day and this is a very encouraging sign. More

CBMs for India-Japan trade ties
SANS clear contours of a comprehensive partnership, India and Japan need to explore all avenues to build a profound economic and strategic alliance. The December 2001 India-Japan Joint Declaration to usher in bilateral ... More

HEALTH

`Cradle care' policy to cover congenital defects
INSURANCE broking firm - Link-K Insurance Broker Company (Private) Ltd, in association with United India Insurance Company Ltd and the Indian Association of Paediatric Surgeons, has introduced a policy for newborns. The `Cradle Care' ... More

Panel to examine compulsory licensing of bird flu drug
WITH growing worries about the spread of bird flu, the Health Ministry has constituted a high-level committee to examine the legal implications of invoking the compulsory licensing provision to ensure the availability of the patented anti-viral ... More

HOTELS

Infrastructure status sought for hotel industry
ON the final day of its annual convention, the Federation of Hotel and Restaurant Associations of India (FHRAI) urged the Union Government to give an infrastructure status to the hotel industry. Mr M. P. Purushothaman, President, FHRAI, said ... More

PETROLEUM

Aiyar promises strict measures to check kerosene diversion
THE Petroleum Minister, Mr Mani Shankar Aiyar, today said that the Government proposes to take further action for not only rationalising allocation of kerosene to the States and Union Territories but to take strict measures to curb adulteration ... More

India watching PetroKazakh revamp
INDIA is hopeful of acquiring assets held by the Canadian firm PetroKazakhstan once the company is restructured in-line with the proposed legislation of Kazakhstan Government that gives the Government pre-emptive right to buy oil and gas assets ... More

Experiment to enhance secondary recovery rates from oil wells
THE Oil and Natural Gas Corporation (ONGC) has chosen wells in the Cambay basin for a novel experiment. It involves the use of a technique that promises to increase the recovery of oil multi-fold. In economic terms, it could mean, earning ... More

PHARMACEUTICALS

More pharma patent litigations in store — Ranbaxy, Dr Reddy's prepare for long battle
PFIZER may have won a favourable ruling from the UK court in its battle against the domestic pharma major, Ranbaxy Laboratories, over its patent for the anti-cholesterol drug, `Lipitor'. But officials of Ranbaxy and Dr Reddy's Laboratories ... More

Antibiotics segment ailing due to high input costs
"About 10 years ago, antibiotics contributed to about 25 per cent of the total pharmaceutical industry turnover. But today, it accounts for less than 16 per cent of the market and is falling year after year." More

POWER

Delay in signing of pact with RIL for Kawas, Gandhar expansions — NTPC in talks with GAIL for extra fuel
"GAIL is negotiating with Iran for about 7 mtpa of gas and if they get that then we should be in line to have the gas not only for Kayamkulam but also for other expansion projects," an NTPC official said. More

EDUCATION

Appointed WAPS advisor
COIMBATORE: Mr M.S. Mathivanan, Chairman of SSM College of Engineering, Kumarapalayam, has been appointed international advisor of World Academy of Productivity Science (WAPS) headquartered in the US. WAPS, formed as per resolutions ... More

FOODS & FOOD PROCESSING

Food processing industry taxation structure to be reviewed
THE Government intends to undertake a review of the taxation structure relating to the food-processing industry. This is in view of the demand from the major players in this sector for a lower tax burden and also to reflect the fast paced changes ... More

REAL ESTATE & CONSTRUCTION

Bombay HC sets aside sale of NTC land
The court ruled that of the total mill land, one-third should go to the State for low-cost housing, one-third for developing open public spaces and one-third for commercial activities by mill owners. More

Stocks of cos owning real estate in Mumbai fall
STOCK prices of companies, which own huge real estate in Mumbai, fell sharply following the Bombay High Court's judgment setting aside the sale of National Textile Corporation (NTC)'s land in the city. Brokers and analysts turned cautious ... More

Real estate market seen cooling off
THE High Court decision today on the sale of five NTC mills in Mumbai could lead to a temporary cooling off of the market in central Mumbai, a diminished FDI appetite for real estate in that locality, and revaluation of costing and valuation of ... More

Mill owners shaken by HC verdict — Another legal battle likely
THE Bombay High Court's decision to set aside the sale of mill land on Monday has thrown a spanner in the works of a number of mill owners, mainly National Textile Corporation (NTC). Just as the court insisting an equitable distribution of ... More

Deve Gowda seeks details of land allotted to IT cos — Infosys' request for 845 acres for centre is the trigger
THE Chairman of Infosys, Mr N.R. Narayana Murthy, and the former Prime Minister, Mr H.D. Deve Gowda, appeared headed for a confrontation over Bangalore's infrastructure issues. The industry, however, doesn't seem keen on taking sides this time. ... More

SCIENCE & TECHNOLOGY

NGRI scientist bags award
HYDERABAD: Dr Shyam Sundar Rai, Scientist, National Geophysical Research Institute (NGRI), here has been selected for the National Mineral Award for 2004 in the field of Earth Sciences by the Ministry of Mines. Dr Rai is the project ... More

WTO

NGOs bracing for winter of discontent
EVEN as the Geneva process for the sixth Ministerial of the World Trade Organisation (WTO) to be held in Hong Kong in December from 13 to 18, 2005 is under way with trade majors thrashing out negotiating points, non-governmental organisations ... More

HUMAN RESOURCES

`Work to reinvent for success'
AFTER business process outsourcing and IT-enabled services, the automobile industry is emerging as a sector offering immense opportunities for growth in the country. The components sector and the associated services with manufacturing activity ... More

EVENTS

RFID tech meet begins today
A TWO-DAY conference-cum-exhibition on Electronic Product Code (EPC) and Radio Frequency Identification (RFID) technology opens on Tuesday in the Capital. International speakers will share their experiences on applications and benefit from EPC ... More

Telugu fest in Singapore
HYDERABAD: Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has announced that it would hold a three-day trade and industry seminar in Singapore titled `Destination Andhra Pradesh' in conjunction with the Singapore ... More

Handicrafts fair generates Rs 900-cr business
NEW DELHI: An estimated Rs 900 crore worth of business was generated at the Indian Handicrafts and Gifts Fair, which concluded on Monday. Around 7,100 buyers visited the five-day fair and raised over 15,000 enquiries either for purchase ... More

EXPORTS & IMPORTS

Strengthening trade ties
Ms Li Yi (right) of the China Chamber of Commerce coming out of the Spices Board office in Kochi along with a team of spice importers from her country. The team, headed by Ms Yi, is on a visit to the Spices Board and spice-growing areas in ... More

Bombay Metal Exchange seeks duty cut on base metal imports
THE Bombay Metal Exchange has urged the Government to reduce excise, countervailing and customs duties on import of non-ferrous metals. In a memorandum to the Union Finance, Commerce and Industry; and Coal and Mines Ministries, the exchange ... More

NATURAL CALAMITIES

Paradip port still reeling under cyclonic aftermath
The port is yet to fully recover from the effects of dislocation of operation in the last one month. As a result, almost every ship that is bound for the port has to wait for four to five days on an average for getting a berth. More

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