The Hindu Business Line : Tuesday, January 31, 2006

Bullish global market buoys rubber further
THE opening day of the week witnessed firm quotes for spot rubber. Bullish international markets and domestic short supply cushioned the market to move up. Covering groups continued to stay active expecting enhanced quotations from major ... More

Stress on rubber exports
KOTTAYAM: Only by exploring the potential of the international market and enhancing the volumes of export in a big way could the rubber producing industry move forward, the Revenue Minister, Mr K.M. Mani, said. Considering the global ... More

FINANCIAL PERFORMANCE

Tata Tea net zooms 127% on branded tea sales growth
TATA Tea Ltd (TTL) today reported a 127.44 per cent rise in profit after tax for the quarter ended December 31, 2005, to Rs 62.41 crore from the previous corresponding Rs 27.44 crore. At a press briefing addressed in the main by Managing ... More

PRECIOUS METALS

Despite weak demand, funds push up gold
DESPITE lower supplies (down 9.2 per cent) and higher demand (up 11.2 per cent), the global physical gold market returned to a surplus in 2005. With supply aggregating 3,997 tonnes and demand estimated at 3,770 tonnes, the market had a surplus of ... More

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

POULTRY

Egg price hiked to Rs 1.20
STABILITY appears to have been restored in the layer egg market, which witnessed severe pressure on procurement price for about two weeks post-Sankaranti festivities. The price review committee of the National Egg Coordination Committee (NECC) ... More

SPICES & CONDIMENTS

Favourable weather may boost turmeric output
THE country's turmeric production is likely to be good, given the favourable weather conditions prevailing in most of the growing States except for a few places in Tamil Nadu and Andhra Pradesh. The total production is estimated to be around ... More

FOREIGN DIRECT INVESTMENT

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

EVENTS

Occupational deaths high among fishermen: Expert
Meet in Chennai to discuss safety issues
FISHERMEN are just 1 per cent of the world's work force, but they account for 7 per cent of the occupational deaths, according to the International Labour Organisation, said Mr George A. Conway, Chief, Alaska Field Station, National Institute for ... More

Wheat seminar to discuss emerging trends
DESPITE being the world's second largest producer after China, India has been a marginal player in the world wheat market. What will be the country's role in the global market in the coming years is a question engaging the attention of all ... More