Financial Daily from THE HINDU group of publications
Tuesday, January 31, 2006
Markets (January 30)
BSE Sensex9849.03 (-21.76)
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Cold loses bite as westerly systems `flatten out'
A FRESH western disturbance forecast to enter the northwest by Wednesday is likely to be delayed since the existing system over Jammu and Kashmir and the adjoining hills continues to persist triggering cloudiness and rain over north Pakistan and ... More

AUTOMOBILES


Agreement for automotive testing facility
THE NATRIP Implementation Society and a consortium led by IDIADA of Spain have signed a comprehensive agreement for the National Automotive Testing and Research and Development Infrastructure Project (NATRIP). The project aims to create modern ... More

COURTS/LEGAL ISSUES


SC declines to stay HC order on Federal, Ganesh Bank merger
THE Supreme Court on Monday declined to stay an interim order passed by the Bombay High Court on January 27 staying the merger of Federal Bank Ltd with Ganesh Bank of Kurundwad in Maharashtra. A three-judge Bench comprising the Chief Justice, ... More

ECONOMY


Marginal drop in growth of infrastructure industries
THE six core infrastructure industries, including crude petroleum, coal, cement and electricity, witnessed a marginal decline in growth to 4.7 per cent in December 2005 from 4.8 per cent in the same month last year. For the April-December ... More

ENVIRONMENT


`Clean beach' drive in Vizag
VISAKHAPATNAM: As the Presidential Fleet Review is to be held on February 12, the Eastern Naval Command on Sunday launched a `clean beach' campaign. The programme was launched by Flag Officer Commanding-in-Chief of ENC, Mr Sureesh Mehta, ... More

PETROLEUM


Creating energy security priority area: Murli Deora
IMPROVING the track record of public sector oil companies in exploration, the issue of fuel subsidies, and the problems of the bleeding public sector oil marketing companies (OMCs) would be some of the focus areas for the new Petroleum Minister, ... More

An attempt to plug `leakage' of news
IN an attempt to plug the "leakage" of news from the Petroleum Ministry, the new Petroleum Minister, Mr Murli Deora, will appoint an official spokesperson for the Ministry to interact with the media. This was one of the first announcements made ... More

HPCL, BPCL run up losses in excess of Rs 1,000 cr each
OIL PSUs Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) have posted huge net losses in the third quarter of the current fiscal, both blaming "high crude and product prices which could not be fully passed on ... More

The unsolved problem
LPG consumers wait in queue for exchanging filled gas cylinders in Bangalore on Monday. Even though the Government notified that gas cylinder replacement could be done once in 30 days, the consumers are often forced to wait up to 40 days for a ... More

POWER


Centre to discuss power reforms with States: Shinde
THE Government is planning to initiate talks with States shortly on reforming the electricity boards (SEBs), the newly-appointed Power Minister, Mr Sushil Kumar Shinde, said here today. "I agree with the Prime Minister's view that free power ... More

TAXATION


4 States agree to fix VAT on bullion at 1 pc
CONSUMERS of gold in Gujarat, Rajasthan and Uttar Pradesh may have to pay more for their purchases in the coming days. The four States of Delhi, Gujarat, Rajasthan and Uttar Pradesh on Monday agreed to peg their value-added tax (VAT) rate or ... More

SSI


MS tool for SMEs
MICROSOFT India has rolled out `Navision 4.0,' a business solution for small and medium enterprises. This integrated management solution aims to leverage business information across a company, its key partners and customers"From ... More

EDUCATION


IIT-Kharagpur to set up IP law school
An 18-month diploma will be offered to 50 executives in the first batch from Kolkata and admissions for both courses will begin in March. More

Gandhigram, Mico Bosch pact
MADURAI: The Gandhigram Rural Institute (GRI), Gandhigram, near here, has recently signed a memorandum of understanding (MoU) with Mico Bosch, leading auto components manufacturer, to start need-base short-term technology courses at the ... More

FOODS & FOOD PROCESSING


Ministry moots 51% FDI in agri-business
THE Union Ministry of Food Processing Industries has recommended that foreign direct investment of up to 51 per cent be allowed in agri-businesses. The Union Cabinet will deliberate on the matter in the next few weeks, according to Mr Subodh ... More

GEMS & JEWELLERY


BIS programme on hallmarking for jewellers
THE Bureau of Indian Standards (BIS) will conduct an awareness programme on hallmarking scheme for jewellers, in Mangalore on February 10. A BIS press release said here on Monday that the Union Government had decided to make hallmarking ... More

`Hyderabad reports highest diamond sales'
OVER the last three years, diamond sales in Hyderabad have witnessed an uninterrupted growth of over 30 per cent annually. During 2005, diamond jewellery sales grew by 37 per cent in the twin cities, highest in the country, according to the ... More

LEATHER


`Global leather players eyeing India as manufacturing hub'
Manufacturing capacities were on the increase, investments were coming in and new infrastructure was being put in place. More

MINERALS


Iron ore shipment through Paradip port back to normal
Despite improvement in ore shipments, port authorities apprehend that the total cargo throughput for Januarywill be lower by an estimated one lakh tonnes than that in the same month of 2005. More

CINEMA


Percept plans more films; Hanuman 2 on the cards
BUOYED by the unprecedented success of the film, Hanuman, Percept Picture Company, one of the producers of the 2D animated film, is upping its stake in the Indian film industry with a series of films. The company is opting for a studio ... More

RURAL DEVELOPMENT


Nabard sanctions Rs 82.4 cr to Kerala
THIRUVANANTHAPURAM: The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 82.38 crore to the Government of Kerala for the implementation of various projects. According to a Nabard press release, this amount ... More

YSR calls for holistic rural development
THE Chief Minister, Dr Y.S. Rajashekara Reddy, on Monday called for better fiscal management and a holistic development to make major projects such as Jalayagnam, Indiramma, and the to-be launched national rural employment guarantee scheme a ... More

HUMAN RESOURCES


Foot soldiers or salesmen? Medical reps seek clarity
The solution to the problem goes beyond just fixing the legal position of medical representatives, points out Dr R. B. Smarta, Managing Director of Interlink, a consultancy outfit to pharma companies. More



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Top Stories
Lupin steps up pace in Europe


BPL plans to shift colour TV plant in Slovenia to Poland

Favourable weather may boost turmeric output

Despite weak demand, funds push up gold

Creating energy security priority area: Murli Deora

Ministry moots 51% FDI in agri-business

Hindalco Q3 net falls on copper output impact

ONGC profit rises 11 pc to Rs 3,888 cr, turnover 3 pc in Q3

NHAI signs Rs 490-cr pacts with Reliance Energy-promoted SPVs

Tata Tea net zooms 127% on branded tea sales growth

In Focus

Infrastructure woes stare IT sector
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. 22-Jan. 28
Govt expects over Rs 20.7 cr from FM radio bidding

BALCO stake sale: Govt hopeful of good return

Deposits exempt from TDS on interest — CBDT plans change in banks' reporting details

Russia keen to supply nuclear plants to India

Amex's security product targets frequent travellers

Pvt equity, venture capital cos raise $950 m via IPOs: Study

UN pat for India's `economic performance' — Manufacturing, infrastructure development in forefront

Bullion trade down 25-30 pc: WGC

Deciding the tax rate — Factor in the bribe rate too

Leather product exports top $1.4 b in April-Oct

PM sets up task force on petrochemicals investment regions

Chilli output seen lower on damage by rains

Chidambaram says 10 pc GDP growth possible

India, Saudi Arabia sign strategic energy pact — Long-term contracts planned for crude supplies


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