Business Daily from THE HINDU group of publications
Wednesday, January 03, 2007
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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Late delivery
BLAME IT ON FOG: A train from Haryana carrying milk cans arrived in New Delhi late on Tuesday due to fog. Special trains are run for transporting milk to meet the demand in the Capital. ... More

BUDGET
FICCI moots R&D fund for food processing sector
In its pre-Budget submission on the food processing sector to the Revenue Secretary, Mr K.M. Chandrasekhar, on Tuesday, FICCI has suggested that an R&D fund be created for innovative products, particularly export market focused ... More

COURTS/LEGAL ISSUES
Calcutta Book Fair: Publishers guild moves HC for order on venue
The Book Sellers and Publishers Guild, Kolkata filed a petition in the Calcutta High Court on Tuesday, seeking permission to hold the 2007 edition of the Calcutta Book Fair at the Maidan, a Defence department-owned area. In 2006, the court ... More

CAB moves HC against Dalmiya ban
The Cricket Association of Bengal (CAB) on Tuesday filed a writ petition in the Calcutta High Court, challenging the decision of the Board of Control for Cricket in India (BCCI), expelling Mr Jagmohan Dalmiya from membership of ... More

HC ruling on subsistence allowance for suspension period
Co-operative society case More

ECONOMY
Direct tax collections up 42.74 pc in April-Dec
Corporate tax collections increase by 51.63 pc More

Infrastructure clocks 9.5 per cent growth in Nov
Buoyed by oil refinery production and cement sectors, the six core infrastructure sector output grew 9.5 per cent in November from a year earlier, faster than 9 per cent annual growth clocked in October, Government data showed on Tuesday. The ... More

When will farmers earn as much as the lowliest government employee?
As salaries rise in government jobs, and faster still in the private sector, farm incomes are getting less and less attractive. Consolidation of holdings may be an answer, but creating jobs in services and industrial sectors for more than 10 crore fa rmers and as many farm workers is mind-boggling. K. VENUGOPAL wonders if the country is ready for this challenge. More

PETROLEUM
Crude basket at $57.8/barrel
Oil marketing cos' under recoveries fall in line with global prices More

POWER
NTPC Simhadri contract workers go on strike
Nearly a thousand contract workers in the NTPC Simhadri thermal power station here went on strike from Tuesday morning, in protest against what they described as the obdurate attitude of the management. Though power generation may not be ... More

STEEL
Seminar on secondary steel sector
A national seminar on challenges and opportunities in the secondary steel sector is to be organised by the National Institute of Secondary Steel Technology under the Ministry of Steel and the Steel Manufacturers Association of Kerala on January ... More

TAXATION
Chidambaram may hold talks with VAT panel chief
To discuss CST compensation package More

States to earn Rs 40,000 cr from liquor, lotteries
Call it promotion of vice or otherwise. Either way, liquor and lotteries are habits that not only less-resolute mortals, but even cash-strapped State Governments would find difficult to kick or live without. During the current fiscal, liquor ... More

VAT exemptions notified in TN
The Tamil Nadu Government has exempted certain products from payment of tax under the newly introduced Value Added Tax on second and subsequent sales. In separate Gazette notifications issued on Monday, the Government has said that in respect ... More

TEXTILES
AOTS-Precot meet on textiles
The city based Precot group and ABK-AOTS Dosokai Tamil Nadu Centre, Chennai (an alumni association of Japan trained technocrats and executives) are holding a one-day seminar on best 5S practices in textile industry here on ... More

PERSONAL PRODUCTS
Rise in palm oil prices to hit FMCG cos
Other sectors likely to be affected by the spike are food, chemical, cosmetic and pharmaceutical industries. More

RADIO/TV
Radio Mirchi tops in listenership
Radio Mirchi continues to top the daily listenership charts in Mumbai and Delhi, and is also ahead of the pack in Kolkata, the company said in a statement on Tuesday. The FM leader had a total of 95.61 lakh daily listeners across ... More

TRAI told to look into pricing for TV channels under DTH
CAS roll-out smooth, says Misra More

EDUCATION
Course for energy manager test
The Institution of Engineers (India), Kerala State Centre, will organise a short-term course for those who have registered for the national test-2007 for selection of energy manager/energy auditor that is being conducted by the ... More

Omni Touch to work with institutes
ITES specialised certification More

BL CLUB
Personality is clincher, students told
`Do not opt for IT cos alone, every industry is growing' More

AUTOMOBILE COMPONENTS
Incentive structure for auto components sector sought
The Automotive Component Manufacturers' Association (ACMA) has suggested that in order to encourage investment in the auto components sector, the industry should be brought under the purview of an incentive structure similar to what exists in ... More

KNITWEAR & HOSIERY
`Dyers strike may drive export biz out of Tirupur'
The dyeing units would have to pay an average penalty amount of Rs 80 lakh every day for the next seven months. More

SCIENCE & TECHNOLOGY
Insat-4A overcomes minor glitch
Services from the communications satellite INSAT-4A were disrupted for about half an hour on Tuesday and were restored soon, an ISRO release said. Solar disturbances reportedly caused what ISRO described as a minor glitch around ... More

RURAL DEVELOPMENT
`Objectives must be made clear for SHGs to deliver'
Fuzzy definitions mean that they may fall by the wayside: Report More

BUSINESS MODELS
Investment bankers prefer `virtual captive' outsourcing model to enter India
As it helps them to retain an element of control More

EVENTS
PSG Products expo
Products of PSG Products, an exhibition that will exclusively display products of alumni-entrepreneurs of the Coimbatore-based PSG educational institutions, will be held here for three days from January 5. The fair is being ... More

ENTREPRENEURSHIP
Workshop for entrepreneurs
The N.S. Raghavan Centre for Entrepreneurial Learning at IIM, Bangalore will conduct a series of workshops and training programmes for entrepreneurs in startups and medium enterprises. The first of the workshops, called `Business ... More

EXPORTS & IMPORTS
FACT begins ammonia imports
As part of cost reduction measures, the public sector FACT has started using imported ammonia for the production of fertilisers. The first consignment of imported ammonia (7,200 tonnes) from Saudi Arabia was unloaded to the storage tank at ... More

No Govt notification yet on allowing sugar exports
Mills in a dilemma on enquiries from prospective buyers More






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Top Stories
Railways may electrify 500-km of tracks

DaimlerChrysler India sales double

Greeting cards losing charm, but diaries, calendars still a hit

Heritage Foods joins food retail bandwagon

Carryover stocks of grains seen declining

Rise in palm oil prices to hit FMCG cos

Infrastructure clocks 9.5 per cent growth in Nov

TRAI told to look into pricing for TV channels under DTH

Jet signs pact with Boeing for 10 aircraft

New round of lending rate hikes



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