Business Daily from THE HINDU group of publications
Thursday, January 11, 2007
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WEB EXTRAS

AUDITING
Cost audit has a major role in consumer protection
Consumers, in a liberal economy, are vulnerable to practices such as monopoly or predatory pricing. Curbing these practices requires a harmonised and authentic cost database. More

ENGINEERING
Bharat Fritz opens first tech centre in Pune
Scouting for land in New Delhi for another centre More

ENVIRONMENT
Global meet on carbon storage tech
A group of four UK experts will address a special session of the `International Workshop on R&D Challenges in Carbon Capture and Storage Technology (CCS) for Sustainable Energy Future', here on Friday. The session is sponsored by the British ... More

PLASTICS
VIP Ind to re-launch `Skybag'
To re-launch Skybag, to price Alfa, Aristocrat in sub-Rs 1,500 range More

TEXTILES
Yogindera Worsted plans Rs 14-cr IPO
Yogindera Worsted Ltd, manufacturer of acrylic and blended yarn, proposes to enter the capital market with a public issue of 60 lakh equity shares of Rs 10 each at a premium of Rs 14 per share aggregating Rs 14.4 crore. The IPO would constitute ... More

FINANCIAL PERFORMANCE
iGATE Q3 net jumps 10-fold
iGATE Global reported an over 10-fold rise in net profits for the third quarter , though a strong rupee removed some of the sheen from this performance. iGate registered a net profit of Rs 15.95 crore, a growth of 1126 per cent over ... More

HARDWARE
Xilinx to invest in CG-CoreEL
To expand R&D work in India More

ALUMINIUM
Alind revival gets stuck in litigations
The process for rehabilitating Aluminium Industries Ltd (Alind), initiated way back in 2003, has remained stuck in litigations against the proposals approved by the Board for Industrial and Financial Reconstruction (BIFR). The matter is now ... More

INDUSTRY ASSOCIATIONS
`Govt working on animation package'
Nasscom stresses manpower needs More

CINEMA
Cinemax plans to raise Rs 120-138 cr thru IPO
Cinemax India Ltd is entering the capital market with an initial public offering of 89.2 lakh equity shares in the price band fixed at Rs 135-155 per share. The issue opens on January 18 and closes on January 24. The offer comprises a fresh ... More

FOREIGN DIRECT INVESTMENT
`Policy on FDI in commodity exchanges in 4-6 weeks'
The policy relating to foreign direct investment in commodity futures exchanges and foreign institutional investor ownership of such exchanges will be announced in about 4-6 weeks, said Mr Yashwant Bhave, Secretary, Union Ministry of Consumer ... More

REGULATORY BODIES & RULINGS
Pharma industry opposes price control mechanism
Move is `retrograde, anti-liberalisation and short-sighted' More

EXPORTS & IMPORTS
Indian cashew team to visit Vietnam
Efforts to form global alliance for trade promotion More

OUTLOOK
No `all clear' on El Nino front just yet
The Australian Bureau of Meteorology (BoM) said in its update on Wednesday that the El Nino event in the equatorial Pacific has showed signs of weakening, but stopped short of giving the all clear just yet. A renewed but temporary ... More

PERFORMANCE
2006, best ever year for GSM industry
With the GSM subscriber base touching 105.4 million at the end of December 2006, the calendar year (2006) proved to be the best-ever for the GSM industry in terms of subscriber growth. The GSM industry added 4.6 million subscribers in December ... More






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