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Thursday, November 24, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Depression loses sting; new cyclonic circulation likely
Expectations are that the coastal waters will warm up again once the rain bands move out farther into the hinterland, which they are doing now. This will leave the area open for a new cyclonic circulation from the southeast Bay of Bengal to spin its way in and evolve further. More

COURTS/LEGAL ISSUES


Perungalathur property belongs to Standard Motors: HC informed
THE Perungalathur property extending to 57 acres belonged to Standard Motor Products of India Ltd, now under liquidation, going by documentary and other evidence, the Madras High Court was informed by some of the financial institutions on ... More

ECONOMY


Gold likely to increase on slowdown in US growth
GOLD may test higher than the current levels if the apprehension of a slowdown in US economic growth comes true. This is because of the strong inverse relationship between the US GDP growth and the yellow metal prices. With gold prices ... More

Global Services Location Index — Low-cost cities in developed nations jump into fray
WHILE India and China bagged the first and the second slots respectively, Malaysia maintained its third position in AT Kearney's Annual Global Services Location Index. Singapore remained at the fifth slot, the same as last year. The ... More

FOREIGN TRADE


FICCI, Indonesian chamber ink pact
TO deepen business relationship between India and Indonesia, FICCI and the Indonesian Chamber of Commerce and Industry (KADIN, Indonesia) initiated a memorandum of understanding on Wednesday. The chambers would assist businesses in their ... More

Trade with Indonesia needs to be diversified, says Kamal Nath
THE trade basket between India and Indonesia needs to be diversified urgently, the Commerce and Industry Minister, Mr Kamal Nath, has said. Addressing an Indo-Indonesian Business Summit, Mr Kamal Nath said that the diversification of trade ... More

HOTELS


Royal Palms, Park Plazas in pact to set up 5-star hotel in Mumbai
ROYAL Palms Estates and Park Plaza Hotels have entered into a tie-up to launch a five-star deluxe, 223-room hotel at Goregaon in Mumbai. The hotel, named Park Plaza Royal Palms, is the first hotel of the Park Plaza Chain in Mumbai. The ... More

INFRASTRUCTURE


AP working on integrated urban development strategy
THE Andhra Pradesh Government is developing an integrated urban development strategy to improve the climate for attracting investors. The integrated plan is aimed at improving the basic civic amenities and to create employment opportunities in ... More

PETROLEUM


Tariff panel moots 28 pc cut in GAIL gas transmission rates
THE Tariff Commission, which was tasked to review the gas transmission tariff of GAIL (India) Ltd, is understood to have suggested a 28 per cent reduction in charges. The Government had decided to review GAIL's tariff after the Fertiliser ... More

Asian oil producers, consumers' round-table meet tomorrow — India to sign 6 MoUs with Korea, one with Turkey
INDIA is set to sign six agreements with Korea and another with Turkey during the roundtable meeting of North and Central Asian oil producers with major Asian oil consumers to be held on Friday. This roundtable follows the one held in January, ... More

POWER


Maharashtra power distribution company to raise Rs 3,300 cr
MAHARASHTRA State Electricity Distribution Company Ltd (MSEDCL) is seeking to raise Rs 3,300 crore from Power Finance Corporation Ltd (PFC), Rural Electrification Corporation Ltd (REC) and urban cooperative banks in order to upgrade its power ... More

TAXATION


H1 tax revenues of VAT-implementing States up 14.3 pc
TAX revenues of the 23 value-added tax (VAT) implementing States and Union Territories have recorded a 14.38 per cent increase during the first six months of the current fiscal, compared with the same period last year. According to the data ... More

Bengal VAT directorate sets up 12-member amendment panel
THE Commercial Taxes Directorate of the West Bengal Government has set up a 12-member Amendment Committee (comprising mostly of departmental officers) to examine suggestions from various chambers of commerce and other trade bodies for further ... More

EDUCATION


IIT Madras to set up Rs 100-cr research park
THE Indian Institute of Technology, Madras is setting up a `Research Park', outside its campus with a seed investment of Rs 100 crore, according to its Director, Prof. M.S. Ananth. Major funding for the project is expected to come from ... More

FOODS & FOOD PROCESSING


Share of food in consumer expenditure continues to dip: NSSO
THE share of food items as part of total consumer expenditure continues to decline, according to the latest findings of the National Sample Survey Organisation. The latest figures pertaining to the 60th round of the National Sample Survey ... More

SCIENCE & TECHNOLOGY


Centre clears DRDO proposal for propellant facility in Nasik
THE Centre has cleared the Defence Research and Development Organisation (DRDO) proposal to set up a research-cum-production facility for propellants and special materials at Nasik with an investment of Rs 300 crore. Work on the project, ... More

FOREIGN DIRECT INVESTMENT


INDIA RETAIL SUMMIT: A BUSINESS LINE FEATURE
FDI in retail: The debate rages
The big daddies of foreign retail are knocking on India's doors even as the Government is yet to make up its mind. More

Talk shop!
The entry of large foreign retailers is expected to trigger the next big change in consumer patterns in India. More

Volkswagen invites AP team
As a follow up of the recent visit of a high-power team to Tada in Andhra Pradesh to explore the possibility of setting up a greenfield unit in the State, the management of the German carmaker Volkswagen has invited State officials to visit it ... More

HUMAN RESOURCES


Hewitt study forecasts fatter pay packets for Indian employees
According to a survey by global human resource firm, Hewitt Associates, out of the 270 organisations from where information was collected, only one per cent reported a salary freeze during 2005 and 2.6 per cent expected to do so in 2006. The ... More

TRADE & LABOUR UNIONS


On warpath
Members of the Bharatiya Kisan Sangh and Bharatiya Mazdoor Sangh, protesting against the `anti-farmer and anti-labour policies' of the Government in the Capital on ... More

TOURISM


Italy for strategic tie-ups to attract Indian tourists
IN its bid to step up efforts to attract more Indian tourists, a tour operator in Italy is mulling over a chartered flight from Punjab to cash in on the recent increase in visitors from India. This is part of the concerted effort made by both ... More

Kerala Tourism roadshow
THIRUVANANTHAPURAM: Kerala Tourism hosted a road show in London prior to the recently held World Travel Market. According to an official press release, the road show helped strengthen the State's popularity as a tourist destination in ... More

PEOPLE


Kamlesh Vikamsey appointed to board of IFAC
THE President of the Institute of Chartered Accountants of India (ICAI), Mr Kamlesh S. Vikamsey, has been appointed to the Board of the International Federation of Accountants (IFAC). A release issued by the ICAI said that the appointment took ... More



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Top Stories
IRDA favours FDI at 49 pc


India, Lanka seek accord on pesticide residue in tea — Issue to figure at FAO meet in Rome next month

Poultry exporters expanding processing capacities to enter new markets

Gold likely to increase on slowdown in US growth

Hewitt study forecasts fatter pay packets for Indian employees

Tata Steel-BlueScope venture eyes Rs 1,000-cr turnover

In Focus

FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Nov. 13-Nov. 19
`Food processing, key to economic growth'
Frozen idlis, chilled curry tickle global palate


Amidst volatile price situation ...
Cost control, product mix boost steel cos' numbers


ELSS investment in current fiscal eligible for tax benefits

Turning to faith to find the missing daughters

Rabi oilseeds, pulses coverage promising — Better storage level helps timely sowing

We can beat the hell out of the Chinese, says Tata Steel MD

`Emulate Chinese model in project management'

Sahai favours zero sales tax on perishables — Urges 4 pc levy on other food items; issue raised with Finance Ministry

High inputs costs hit domestic steel firms in Q2: Assocham

Edible oil imports rise 15 pc in 2004-05 season

Petro goods: Finance Ministry urged to restore excise on end price

To counter synthetic threat — Natural diamond to sport WFDB Mark from June

South-East Asia may look to India for sugar

Volcker report: Reliance says it paid no surcharge for Iraqi crude

Export growth resumes pace in October

Govt to form SPV for investments by overseas Indians

More jobless among the educated: Study


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