Financial Daily from THE HINDU group of publications
Thursday, February 23, 2006
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Financial Daily from THE HINDU group of publications Thursday, February 23, 2006 |
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INDUSTRY & ECONOMY OUTSOURCING Post-Wimco buy, ITC's matchbox business sees big consolidation Record robust volume growth in Dec quarter AFTER the acquisition of majority stake in WIMCO Ltd through its wholly owned subsidiary Russell Credit Ltd late last year, ITC's matchboxes business (built on a 100 per cent outsourcing model) has entered a fresh phase of consolidation, ... More BUDGET Farmers' bodies to hold workshops on Budget FARMERS' associations under the Confederation of Indian Farmers' Associations (CIFA), across the country, in a bid to create awareness among farmers about Union Budgets, have decided to organise workshops on February 28 and March 1, to evaluate ... More ECONOMY PM's council wants data on all imports published DGCIS figures at variance with RBI's version `It may be useful to be as transparent as possible in the published data in the public domain so as to manage expectations on the BoP outlook which is important to inspire the trust and confidence of potential investors, both domestic and foreign.' More
Chidambaram calls for revamp of co-op credit
IMF cautions India on the fiscal front
`Bird flu scare results in Rs 200-cr loss to truckers'
Poultry insurance covers bird flu losses, clarify officials
GoAir announces acquisition of 20 A-320 aircraft
ENGINEERING Hanover fair: EEPC to get Rs 15-cr Central assistance THE Cabinet Committee on Economic Affairs has given its approval for financial assistance of up to Rs 15 crore to the Engineering Export Promotion Council (EEPC) from the Market Access Initiative scheme to organise India's participation as a ... More ENVIRONMENT 
EcoSecurities plans to invest in carbon credit projectsECOSECURITIES, originator of carbon credit projects, announced plans to assist Indian project developers in entering the clean development mechanism carbon credit market. EcoSecurities plans to start with initial assessments, full project ... More FOREIGN TRADE France initiates steps to boost trade THE Minister for Foreign Trade of the Government of France, Ms Christine Lagarde, has announced the "Cap Export India" programme and launched the "Image of France in India" campaign. The three-year-long campaign expects the current bilateral ... More
India-China regional trade agreement proposed HEALTH Stem-cell draft norms ban cloning, restrict embryonic research
Culling of chicken in Navapur completed
Torrent starts diabetes division HOTELS Bird flu: Five-star hotels keeping guests informed FIVE-STAR hotels in the city have decided to put precaution ahead of hasty action, as reports of Government action to prevent the spread of disease flow in. An official with a star hotel said their guests - the majority of whom are from ... More INFRASTRUCTURE Noida Toll Bridge to raise Rs 200 cr via GDR issue NOIDA Toll Bridge Company Ltd (NTBCL), a special purpose vehicle promoted by Infrastructure Leasing & Financial Services Ltd (IL&FS), is planning to raise Rs 200 crore ($45 million) through GDR issue in March. The issue would have a greensho More PETROCHEMICALS Kochi petrochem project — GAIL seeks sops from Kerala Govt At the official-level meeting, the Kerala Government has reportedly assured GAIL that it would consider favourably the fiscal benefits to make the petrochemical project viable. More PETROLEUM IOC yet to decide on timing of offloading stake in ONGC, GAIL The company is expected to take ahit of Rs 8,000 crore through under-recoveries in the current fiscal. More
Oil marketing cos' profits slip Rs 2,898 cr — Govt to issue bonds for Rs 11,500 cr TAXATION TN Chamber wants State to withdraw Resale Tax TRADE and industry feel let down over the recent announcement of relief measures and schemes by the Tamil Nadu Chief Minister. Despite being instrumental in collection of Commercial Taxes of Rs 15,000 crore per year, their demands have not been ... More
Software parks seek parity with SEZs — `Extend tax sops beyond stipulated sunset clause of 2009' TEXTILES 
Textile traders protest VAT imposition in APABOUT 80,000 textiles shop owners across Andhra Pradesh downed shutters on Wednesday, protesting against imposition of four per cent value-added tax on `made-ups'. They demanded that the Government withdraw the amendment made to the Act that ... More SSI 
HP eyes SMBs with colour laser printersHP India launched a broad portfolio of colour laser printing systems and solutions on Wednesday specifically targeted at the small and medium businesses (SMBs). "The colour laser printer market in India for 2005 was 15,434 units, a 100 per cent ... More BREWERIES AP to amend Excise Act The move is aimed at plugging loopholes in the tax collection mechanism and categorising different varieties of liquors. More PERSONAL PRODUCTS Getting into a lather Optimistic marketers launch a slew of new soaps as the FMCG sector promises more growth for the industry. More
The season of soap EDUCATION BIFT looking for global tie-ups BADRUKA Institute of Foreign Trade (BIFT) is looking for tie-ups with academic institutes of world repute to offer valueadded courses to its students. "We are in talks with Nanyang Technological University to offer short-time modules in ... More
`Mammootty@Akshaya' REAL ESTATE & CONSTRUCTION DoT wants VSNL's land hived off as per Cos Act THE four-year-old spat between the Government and Tata Group over hiving off Videsh Sanchar Nigam Ltd's surplus land into a separate company is far from over with the Department of Telecom rejecting the latter's proposal to commercially develop ... More TEXTILE MACHINERY `Scrap benchmark pricing for imported shuttle-less looms' THE Tamil Nadu Powerloom Federation, a forum for small-scale powerloom owners, has urged the Centre to do away with benchmark pricing for used, shuttle-less looms (weaving machines) imported under the Technology Upgradation Fund Scheme. The ... More SCIENCE & TECHNOLOGY Nuclear boost: French major Areva keen to enter Indian market Areva plans to enter into civilian nuclear trade could hinge on a possible US-Indian nuclear agreement widely expected to be signed during the US President, Mr George Bush's visit, which would end three decades of international sanctions on nuclear t rade with India. More DISINVESTMENT CCEA okays sale of Maruti's shares to staff THE Cabinet Committee on Economic Affairs has approved offering 39,777 shares of Maruti Udyog Ltd to 1,994 of the company's employees. In January this year, while selling 8 per cent of MUL equity to public sector financial institutions and ... More FOREIGN DIRECT INVESTMENT Scottish Newcastle plan among 35 FDI proposals cleared THE Government on Wednesday allowed the UK-based Scottish Newcastle Plc to invest Rs 83.33 crore in its Indian subsidiary, Scottish Newcastle India Private Ltd, to form a strategic alliance with the UB group and undertake technical consultancy, ... More
SOCIAL WELFARE Donation to PM's fund KOCHI: As per the resolution adopted unanimously at the dissolution conference of the erstwhile Nedungadi Bank Staff Federation, the Federation has donated Rs 6.74 lakh to the Prime Minister's Relief Fund. At a special function held ... More RURAL DEVELOPMENT Expedite RWS schemes: YSR HYDERABAD: The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed the officials of the Rural Development Ministry to complete all the pending RWS (rural water supply) schemes supported by the National Bank for ... More HUMAN RESOURCES TUCS employees seek compensation for handling PDS THE employees of the century-old TUCS (Triplicane Urban Cooperative Society) have represented to the Tamil Nadu Government seeking payment of service charge for each family ration card the cooperative handles in the public distribution system ... More EVENTS 
`Try to get 5 pc of nanotech products market in 10 years'THE President, Mr A.P.J. Kalam, called for a focused mission by Indians to acquire at least five per cent share of the $50-billion nanotechnology-based product market within 10 years. Speaking at the inaugural of the Indo-US Nanotechnology ... More
`Updating of professional knowledge is essential' EXPORTS & IMPORTS Ministry nod for Jet Airways' Sahara acquisition soon Sources said the acquisition did not come under the purview of Competition Act as the relevant provisions of the said Act were yet to be notified. More CO-OPERATIVES Chidambaram calls for revamp of co-op credit THE Finance Minister, Mr P. Chidambaram, has urged State Governments to play an active role in ensuring the revamp of the cooperative credit structure in the country. Replying to questions in the Rajya Sabha on interest rates on loans to ... More TOURISM Tata Coffee to make heritage bungalows holiday homes NESTLING amidst the idyllic coffee estates of Coorg, the heritage bungalows of Tata Coffee would soon become holiday homes to aficionados of eco-tourism. The company, while announcing its foray into the hospitality sector to tap the huge ... More ECONOMIC OFFENCES IPO scam fall-out — CBI conducts search at Karvy, Vijaya Bank, BhOB premises CLOSE on the heels of assurance of the Union Finance Minister, Mr P. Chidambaram, to the Lok Sabha last week on stringent action on culprits in the recent IPO scam, the Central Bureau of Investigation (CBI) has on Wednesday conducted searches at ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Feb. 12-Feb. 18 Weather insurance slow to gain acceptance in India Women score high in micro finance Trade margins on generic drugs to be capped at 50 pc — No levies on medicines for cancer and HIV/AIDS IIMs may opt for uniform fee for PGP courses — Hike in fees on cards Pak out-prices India in white rice exports — But par-boiled still holds promise Iron ore exports: Raking up problems Soyabean oil imports turn cheaper than crude palm oil `Strengthening quarantine dept, pest risk analysis can check fruits imports' Passenger car sales up 8.3 pc in Jan Finance Minister likely to announce measures to improve tax clinics Weather concerns worry shrimp exporters — Arrivals likely to be delayed by a month Survey throws light on poor state of school education $14-17/t hike in tariff values for veg oils Digital imaging catches on in Indian film industry `Service tax inflow may touch Rs 23,000 crore' Cabinet gives nod for voting rights for NRIs SEBI debars Warner Multimedia, 12 entities CSO puts software sector's contribution to GDP at 2.7 pc Car prices may not come down after Budget Rs 50,000 crore investments likely from Gulf countries Jute industry concerned over rising imports |
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