Financial Daily from THE HINDU group of publications
Saturday, January 21, 2006
Markets (January 20)
BSE Sensex9520.96 (+71.12)
S&P CNX Nifty2900.95 (+30.10)
US Dollar (Buy/Sell)44.20/44.33


News
Features
Stocks
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

CLIMATE & WEATHER


Cold spell to extend for another day, fog forecast
MERCURY has dropped by two to four degrees Celsius in the north and the northwest during the last 24 hours ending Friday morning in tandem with the eastward movement of the existing western disturbance. An India Meteorological Department (IMD) ... More

NON-CONVENTIONAL ENERGY


BHEL commissions one more solar plant in Sunderbans
THE Bangalore-based electronics division of Bharat Heavy Electricals Ltd has said it has commissioned one more 110-KWp standalone solar photovoltaic (SPV) power plant in the backward Sunderbans in West Bengal. This is the fourth of five solar ... More

BUDGET


TN presents tax-free interim budget — Revenue expenditure put at Rs 34,254 cr
The budget has provided an allocation of Rs 3,529.90 crore for the roads sector and Rs 861.23 crore for agriculture. More

COURTS/LEGAL ISSUES


YSR launches portal for legal services
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, on Friday launched a portal www.ejustice.org.in that seeks to provide all information and support required in legal matters. Dr Reddy said at the click of ... More

ECONOMY


India cannot go back on reforms: Goh
THE former Prime Minister of Singapore, Mr Goh Chok Tong, now a senior minister, said here on Friday that India cannot turn its back on reforms, "no matter which party comes to power at the Centre." Delivering the valedictory address on the ... More

H.P. annual Plan size pegged at Rs 1,800 cr
THE annual Plan size of Himachal Pradesh for the next fiscal has been determined at Rs 1,800 crore, which is inclusive of additional special Central assistance of Rs 475 crore for projects of importance to the State. At a meeting here to fix ... More

`India must do away with subsidies on petro products'
INDIA'S growth in 2006 may be slightly lower than 2005, at 7 to 7.5 per cent, said Dr Raghuram Rajan, Economic Counsellor and Director, International Monetary Fund. Speaking at the Reserve Bank of India, on Friday, Dr Rajan said the high ... More

Govt may set up Secys panel to fix terms for 6th pay commission
The Joint Council of Action (JAC), comprising all the Central trade unions, has called for a nationwide indefinite strike by all Central Government employees to press their demand for higher pay scale through constitution of the Sixth Pay ... More

Dip in textile prices pegs inflation lower
THE annual wholesale price index-based inflation rose 4.24 per cent during the week ended January 7. It was, however, lower than the previous week's annual rise of 4.40 per cent. The lower rate was largely on account of a dip in textile prices ... More

ENVIRONMENT


TNPL becomes eligible to trade carbon credits
TAMIL Nadu Newsprint and Papers Ltd (TNPL) has become eligible to trade carbon credits. It has got its bio-methanation plant registered with the United Nations Framework Convention on Climate Change (UNFCC) as a clean development mechanism, ... More

FOREIGN TRADE


Czech, India target $1-billion bilateral trade
CZECH Republic and India want to build on their friendly relationship and increase the bilateral trade to $1 billion in future, according to Mr Jiri Paroubek, the Prime Minister of Czech Republic. He was addressing a plenary session at the CII ... More

Czech Republic keen to invest in power, infrastructure
THE Prime Minister of Czech Republic, Mr Jiri Paroubek, has said that India is one of the top investment destinations for his country and was keen to invest in sectors such as power, transport, railways and textiles. The Czech Prime Minister ... More

Taiwan keen to diversify investment options
RATHER concerned about concentration of its investments in China and Japan totalling over $150 billion, Taiwan is keen to diversify its investment options. India could easily emerge as one of the favoured destinations. Taiwan's expertise ... More

Irish trade mission
MUMBAI: The Prime Minister of Ireland, Mr Bertie Ahern T.D, will lead the largest-ever Irish Trade Mission to India consisting of 85 companies and 120 business executives. The visit will look at new ways to boost two-way ... More

HEALTH


Wockhardt introduces new surgical procedure for slipped discs
BACKACHES are virtually becoming the norm, given the erratic lifestyles that people lead. But in what may bring relief to people suffering from the commonest cause of backache, "prolapsed intervertebral disc" (better known as the slipped disc) ... More

INFRASTRUCTURE


Maharashtra may repeal Urban Land Ceiling Act
"For the transformation of Mumbai, the State needs Rs 40,000 crore over the next 10 years. Of which, we are seeking Rs 10,000 crore from the Union Government. Therefore, if we don't repeal the Act, major infrastructure projects in the city could be a ffected." More

PETROLEUM


Ministry examining OVL demand for increasing investment limit — Company plans to spend about Rs 6,700 cr in 2005-06
Since investments beyond the permissible limit need to be approved by the Cabinet Committee on Economic Affairs, the company often lost emerging investment opportunities More

`India still open to Saudi participation in Vizag refinery project'
INDIA is still open to Saudi Arabia's participation in the Visakhapatanam refinery project of Hindustan Petroleum Corporation Ltd. Speaking to presspersons here, the Petroleum Minister, Mr Mani Shankar Aiyar, said India was seeking Saudi ... More

GAIL urges Govt to have re-look at LPG marketing
DISAPPOINTED with the Petroleum Ministry's move to put in abeyance the direct marketing rights of GAIL (India) Ltd for liquefied petroleum gas (LPG), the company has sought a review of the decision. The Petroleum Ministry had recently put on ... More

PHARMACEUTICALS


Indian cos not worried over WHO directive on malaria drug
MAJOR malaria-drug makers from India may not be caught on the back-foot by the treatment guideline on a malaria medicine outlined recently by the World Health Organisation (WHO). However, some of them do feel that the WHO guideline has not ... More

Cabinet to take up proposal for national drug authority — 10 basic divisions to look into various issues
"Once the Cabinet clears the proposal, an enabling legislation would be tabled in Parliament at the earliest. We hope that the authority will be in place within one-and-a-half years of enacting the legislation," Dr Anbumani Ramadoss said. More

PLASTICS


`India will become third largest plastic consumer by 2010'
INDIA is poised to become the third largest consumer of plastics by 2010, with the industry growing at a rapid pace. In fact, industry officials point out that the industry has registered a 20 per cent growth last year. ``Currently, the ... More

POWER


World Bank nod for $400-m loan to PowerGrid
THE World Bank today approved a $400-million loan to Power Grid Corporation of India (PGCIL) to be used for the strengthening of power transmission system in the country. The loan extended by the International Bank for Reconstruction and ... More

TEXTILES


IFFTEX 2006 draws large foreign buyers
INDIAN Furnishings, Floorings and Textiles Expo'06 (IFFTEX'06), which was opened on Thursday at India Expo Centre & Mart at Greater Noida has attracted 2200 foreign buyers. These buyers have come from 30 countries including the US, Canada, the . More

Textile stamping regulation may cover garment, made-ups too
THE Ministry of Textiles' exercise of making textile-stamping regulation market-oriented is likely to cover the entire textile products including garment and made-ups. Earlier, the textiles marking regulation remained fabric-centric especially ... More

WATER


CAP unveils `Suraksha Dhara'
HYDERABAD: The Child and Police (CAP) project has unveiled `Suraksha Dhara,' a community project to ensure supply of safe and reliable drinking water to the urban poor here on Friday. The Hyderabad Metro Water Supply and Sewerage Board ... More

MANAGEMENT


IIM-K fest today
IN a bid to bring together students from leading business schools and Indian corporates, the Indian Institute of Management, Kozhikode, is organising its annual management and cultural festival Backwaters 2006 on January 21 and 22. From the ... More

EDUCATION


IIMB board seeks to change MoA to set up campuses abroad
THE board of Indian Institute of Management, Bangalore, has set in motion a process to seek an amendment in the Memorandum of Association drawn up more than 30 years ago. After a board meeting here on Friday, Dr Prakash G. Apte, Director, ... More

CADD Centre scholarship
THIRUVANANTHAPURAM: CADD Centre, a company that offers training programmes in computer aided design (CAD), is conducting a scholarship eligibility test in Kerala. The test, called `CAD quest 2006', will be held on January 21 and 22 and ... More

Call for more pvt capital in higher education
MAKING a case for private capital in higher education, Mr John Makinson, Chairman and Chief Executive, Penguin Group, said American universities were good examples of private-public partnerships. Mr Makinson was speaking at a function to mark ... More

AUTOMOBILE COMPONENTS


Pune auto cluster project begins operations
The first phase of the much-awaited Pune auto cluster project commenced operations at Chinchwad on Friday. The Rs 67-crore first phase would have prototype making facility, CAD/CAM/CAE centre, CNC matching centre, research and development ... More

REAL ESTATE & CONSTRUCTION


Prestige Estates to expand biz in hospitality sector
PRESTIGE Estates Projects has announced its expansion plans in its newly diversified area of hospitality business. The company, which had completed 120 developments covering 10 million sq ft since its foray into the business in 1985-86, ... More

INDUSTRY ASSOCIATIONS


Nasscom signs MoU with Irish software body
SOFTWARE association Nasscom and Irish Software Association (ISA) have signed a memorandum of understanding (MoU) to cooperate on issues that would support the development of the software sector in India and Ireland. Under the MoU, the two ... More

FOREIGN DIRECT INVESTMENT


Czech Republic to invest $1 b in AP
CZECH Republic has promised investments to the tune of $1 billion into Andhra Pradesh. Addressing a press conference at the airport here on Thursday, , the Czech Prime Minister, Mr Jiri Paroubek, said the State was suitable for investments. He ... More

SOCIAL WELFARE


States accused of diverting safai karamcharies' funds
THE National Commission for Safai Karamcharies (NCSK) has observed that many of the States in the country were found guilty of diverting the funds sanctioned by the Central Government towards liberation and rehabilitation of safai karamcharies. ... More

RURAL DEVELOPMENT


Nabard projects Rs 32,574-cr credit potential for AP
THE State Focus Paper (SFP) for Andhra Pradesh prepared by the National Bank for Agriculture and Rural Development (Nabard) has projected a credit potential of Rs 32,574 crore for farm and non-farm sector activities for the next fiscal. This ... More

Nabard to provide funds for Swarojgar awareness scheme
NATIONAL Bank for Agriculture and Rural Development (Nabard) has launched a pilot scheme to provide funds to select banks to create awareness about the Swarojgar credit card scheme. Under the promotional scheme, financial grants will be ... More

CII ties up with Celebrity Fashions
THE Confederation of Indian Industry (CII), Southern Region, signed a memorandum of understanding (MoU) with Celebrity Fashions here today for providing vocational training and employment for 400 rural women in Kancheepuram district. ... More

EVENTS


Some M&A gyan for Indian cos
"The big ticket items will start happening in the M&A space once more as Indian companies become larger and actually reach the $2-5 billion mark." More

Reliance Life Science meet starts today
RELIANCE Life Sciences (RLS) is holding an international seminar on Preventive and Predictive Molecular Diagnostics on January 21 and 22. The symposium is being held at the Dhirubhai Ambani Life Science Centre at Navi Mumbai. The meet will ... More

Portfolio management seminar
THIRUVANANTHAPURAM: The Kerala chapter of the Project Management Institute (PMI) will conduct a seminar here on January 24. At the seminar, Dr Jayarajan Nanoo will speak on `Portfolio management - an IT perspective', says a PMI press ... More

TOURISM


India among top five markets for Singapore tourism
IN 2005, India emerged as one of the top five markets for Singapore tourism with 5.83 lakh visitors to the island nation. The other countries are Indonesia (1.8 million visitors), China (858,000), Australia (620,000) and Japan (588,000). These ... More

ECONOMIC OFFENCES


Jet-Sahara deal makes RSP see red — Alleges insider trading, seeks SEBI probe
THE Left allies of the Manmohan Singh Government have sought a probe into the Jet Airways and the Air Sahara deal by the Securities and Exchange Board of India (SEBI). Left sources said that the issue would be discussed in the next meeting of ... More



Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

HSBC

Pick a Winner Stock Market Contest

Top Stories
India cannot go back on reforms: Goh


TV viewers tuned in to piety too

Banks turn to Nabard, SIDBI, NHB for funds

Some M&A gyan for Indian cos

Forex reserves up $158 million

Bank credit rises by Rs 20,771 cr

Coffee growers report lower than expected harvest

`India will become third largest plastic consumer by 2010'

In Focus

Auto Expo 2006
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jan. 8-Jan. 14
Hard choices ahead for Govt: PM

Knowledge network, voting rights for overseas Indians soon: PM
Easy remittance facility, special insurance planned


FM radio: Will ad flow be music to bidders?

ISRO in sight of foreign satellite contract

Govt working towards zero-based Budget: Montek

Suguna group to export 'portion' chicken to Japan

Carbon credit: Rs 15,000-crore investments likely

Copters to clean power lines in Northern Grid — But consumers may have to shell out more

`Big' small cars to miss fair action

Reliance demands compensation for selling petro products below cost price

India in six-nation clean energy initiative

US rate hikes near end?

Agriculturists seek stepping up of farm sector investments

Edible oil imports down in April-October

Textile sector needs more reforms, investment — IMF study scenarios give little cause for cheer

ONGC submits report on discoveries

Left seeks restoration of 9.5% interest rate on EPF

Volvo may bag another order for 25 buses

SEBI unearths another IPO scam in IDFC

Indirect tax collections up 15.73 pc in April-December

Modernisation of airports by AAI will be okay, says Left

Sugar coops to supply ethanol to oil PSUs

Govt to invite EoIs for five `ultra mega' thermal power projects

Cars drive up 8.8 pc growth in Dec — Two-wheelers stay flat; commercial vehicles down


Lufthansa

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line