Financial Daily from THE HINDU group of publications
Wednesday, February 01, 2006
Markets (January 31)
BSE Sensex9919.89 (+70.86)
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Mercury rises as cold wave abates in central India
TRUE to predictions, cold wave conditions have largely abated from Central and north peninsular India with both day and night temperatures rising over the past 2-3 days. A similar trend has been noticed in northwest India too, an update from ... More

ECONOMY


Soaring oil prices impacting family budgets: Survey
THE soaring oil prices are having a detrimental effect on Asian consumers' family budgets, causing anxiety and worry, according to a survey released by market research company, Synovate. The survey results revealed that concern regarding rising ... More

Govt, SEBI closely watching capital market: Chidambaram
THE Finance Minister, Mr P. Chidambaram, has said that the Government and the Securities and Exchange Board of India (SEBI) were keeping a close watch on the capital market even as the stock market indices have been on a relentless rise with the ... More

FOREIGN TRADE


Foreign trade should serve the common man: Jairam Ramesh
THE new Minister of State for Commerce, Mr Jairam Ramesh, said that his priority is to focus on local facets of exports even as his senior colleague, the Minister of Commerce & Industry, Mr Kamal Nath, would be focussing on international facets . More

INFRASTRUCTURE


AAI employees to strike
AIR services around the country could be affected on Wednesday with the Airports Authority of India Joint Workers Forum deciding to launch an indefinite nationwide strike to protest against the Government decision to award the contract for ... More

Kakinada SEZ: Rail passengers flay Govt move
THE State Government's proposal to allot 10,000 acres of land in Kakinada rural, Kothapalli and Uppada mandals to the Oil and Natural Gas Corporation (ONGC) for setting up a refinery and special economic zone has drawn flak from the Cocanada Town ... More

POWER


Govt invites EoIs for `ultra-mega' power project in M.P.
THE Government on Tuesday invited expressions of interest (EoIs) to build a 4,000-MW power project in Madhya Pradesh. The project, which is part of the Centre's ambitious plan to develop a series of `ultra-mega' projects,' is expected to cost ... More

TAXATION


VAT panel turns down Govt plea for cut in rate on biscuits
Any move by the Delhi Government to reduce the VAT rate on biscuits to 4 per cent without the consent of the VAT panel would result in a violation of the uniform floor rate principle, said Dr Asim Dasgupta, Chairman of the VAT panel. More

SSI


Kerala SSI body seeks power at lower rates
THE Kerala State Small Industries Association (KSSIA) has suggested that the Kerala State Electricity Board (KSEB) should find ways to sell the entire power available from Central Generating Stations (CGS) to it at economical rates so that ... More

MANAGEMENT


`Don't stop learning after leaving college'
"OUT of college is the beginning of knowledge," said Mr S. Vijayakumar, Head (Help Desk Practice Management Group), HCL BPO, Chennai, to the students of Management and Commerce at Gurunanak College, Velachery, after inaugurating the Business ... More

MEDICAL INSTITUTIONS & HOSPITALS


Hyderabad to house ESI super speciality hospital
THE Union Government has decided to set up a 100-bed super speciality hospital in Hyderabad to cater to the needs of the workers and other employees covered under the Employees State Insurance Corporation (ESIC) in South India. Speaking to ... More

LEATHER


`Leather industry's plea for treatment facilities will be addressed'
THE Union Government will consider the leather industry's request for a Rs 100-crore assistance to set up water treatment facilities at the effluent treatment plants for small tanners. This was stated by the Communications and IT Minister, Mr ... More

PRECIOUS METALS


Gold tracks global trend, hits Rs 8,210
GOLD prices surged to a record high in the domestic market on Tuesday on the back of a sharp rise in global prices. Pure gold prices touched Rs 8,210 for 10 gm supported by local buying. Standard gold also touched a new high of Rs 8,170 ... More

KNITWEAR & HOSIERY


Tirupur knitwear industry seeks higher depreciation rate
Tirupur Exporters Association also wanted the Centre to extend its employment guarantee programme to cover the garment industry, which has the potential to offer jobs for minimum 200 days in a year against the Government's programme of assuring 100 d ays of work in a year. More

DISINVESTMENT


NMDC divestment: Govt seeks EoI from merchant, investment bankers
THE Government is going ahead with disinvestment in the National Mineral Development Corporation (NMDC) and has sought Expression of Interest (EoI) from merchant and investment bankers to act as book runners-cum-lead managers for disinvesting a ... More

EVENTS


5-day machine tools expo begins at Delhi
AN exhibition for machine tools, Tooltech 2006, is being organised in the Capital to showcase the latest in machine tool trends. The five-day exhibition would be inaugurated on Wednesday by Mr B.M. Munjal, Chairman, Hero Honda Motors. The ... More

30 countries participating in defence expo
THE Defence Minister, Mr Pranab Mukherjee, inaugurated the `Defexpo India - 2006' here today. Thirty countries including the US, the UK Russia, Italy, Sweden, France, South Africa, South Korea, Ukraine, Germany, the Czech Republic, Israel, ... More

Chemical engineers' meet at Hyderabad
HYDERABAD: Leading industry representatives from Hyderabad will take part in a two-day national symposium on the role of chemical engineers in the pharmaceutical industry, beginning here at the Dr B.V. Raju Institute of Technology on ... More

Dermatologists' workshop
HYDERABAD: The Indian Association of Dermatologists, Venereologists and Leprologists will organise a five-day conference, Dermacon - 2006, in Hyderabad, beginning February 1. Dr Y.S. Rajasekhara Reddy, Chief Minister, will inaugurate ... More

Meet on internal audit to be held on Feb 10-11
REGULATORY measures being taken all around the world have made the process of internal auditing important in corporate governance, according to Mr R. Vittal Raj, one of the vice-presidents, Indian Institute of Auditors (IIA), Madras Chapter. ... More

ECONOMIC OFFENCES


Serious Frauds Investigation Office may get more powers
THE Ministry of Company Affairs (MCA) has constituted a committee to look into ways to strengthen the Serious Frauds Investigation Office (SFIO), including whether the investigating body should be given more teeth. "The committee would see what ... More



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Top Stories
NMDC divestment: Govt seeks EoI from merchant, investment bankers


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Strategic investment gathers steam

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MetLife cover for Deutsche Tax Saving Fund investors

Tariff values cut for vegetable oils

McDowell net up 106 pc

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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