Advertising & Marketing
The going gets tough for ad industry
IT's been a terrible fourth quarter in an extremely tough year for the advertising industry. The Rs 8,500-crore industry is expected to register negative growth rates, especially in the last three months of 2001.
Chale Chalo
Aamir Khan greets his partner after scoring a run in Lagaan-XI's match against Britannia-XI played at the Brabourne Stadium in Mumbai on Tuesday.
Airlines
Feasibility report on Navi Mumbai airport submitted
THE Maharashtra Chief Minister, Mr Vilas Rao Deshmukh, today presented the techno-economic feasibility report on the proposed airport at Navi Mumbai to the Civil Aviation Minister, Mr Syed Shahnawaz Hussain.
We don't want a war: Advani
THE Union Home Minister, Mr L.K. Advani, today said that neither the people nor the Government of India want a war with Pakistan.
A year of turbulence for the aviation sector
AFTER being in the news for the better part of 2000 because of the disinvestment of Indian Airlines (IA) and Air India (AI), two developments ensured that the civil aviation sector generated equal interest in 2001 as well.
Corporate
Project Symphony: ITC team inspired by Beethoven
WHAT has Beethoven's 5th Symphony got to do with ITC International Business Division (ITC-IBD)?
Economy
`Govt yet to decide on FDI cap in aviation'
THE Government is yet to take a final decision on the level to which foreign direct investment (FDI) will be allowed in the domestic civil aviation sector, the Minister for Civil Aviation, Mr Syed Shahnawaz Hussain, has said.
India Post seeks high growth in Gulf
INDIA Post will focus on high growth areas like the parcels business and express mail services between India and the Gulf states and plans to shortly introduce its new money transfer service in the UAE, according to Mr B.N. Som, Director-General of India
Post.
EPCs told to bolster market intelligence
IN view of the heavy slowdown in exports in the first eight months of the current fiscal, the export promotion councils (EPCs) have been asked to make greater efforts to evolve a strong market intelligence system to identify market opportunities, gather
information about the leading exporters and respond to the immediate challenges of the global trade.
Rs 1,000-cr grant for Ambedkar housing scheme
THE Centre will allot at least Rs 1,000 crore annually during the 10th Plan period for the implementation of Valmiki Ambedkar Awas Yojana (VAAY).
OECD report calls for check on migration
AS the range of migrant nationalities has widened and flows into Europe is being boosted by increased numbers of asylum-seekers, the challenge is to control flows more effectively through greater co-operation between countries at both ends of the migrati
on chain.
Environment
Safe grave for Hyderabad's hazardous wastes in offing
GETTING rid of wastes generated by industries is a major problem in several cities. If the wastes are hazardous, the problem becomes more severe. Hyderabad, which faces this difficulty is close to tackling it in a small measure.
Foreign Trade
Ranil upbeat; wants fast-track economic integration
THERE was no time left for dessert at the dinner. But as the Sri Lankan Prime Minister, Mr Ranil Wickremesinghe, and his delegation hustled out of Trident Hotel in Chennai on Monday night to catch the Sri Lankan Airlines flight back to Colombo, they knew
they had missed little else on a "most satisfying" three-day visit to India.
Dumping duty on thermal sensitive paper imports
THE Finance Ministry has imposed provisional anti-dumping duty on all imports of thermal sensitive paper (TSP) from China.
Health
Yashoda group plans more hospitals in Secunderabad
THE Yashoda group of super speciality hospitals here has taken up construction of its third hospital in Secunderabad with an outlay of Rs. 60 crores in the first phase.
Petroleum
ONGC back in fray for operatorship
ONGC has once again staked claim for operatorship of the joint venture offshore fields, according to a top ONGC official.
Power
US courts to finalise fate of Enron's Indian assets
FOLLOWING the expiry of the deadline for BG to acquire Enron's oil and gas offshore assets in the country, the fate of Enron's interests in these assets lands in the lap of the bankruptcy courts in the US where Enron has filed for Chapter 11.
User charges for power on cards
THE Union Government is drawing up a package for strict implementation of payment of user charges for power in a renewed bid to put the core infrastructure sector back on the rails.
Expert group calls for market-savvy power reforms
THE expert group headed by the Planning Commission member, Mr N.K. Singh, is of the view that the Accelerated Power Development Programme (APDP) needs to be restructured in the Tenth Plan from an ``investment programme'' to a ``financing mechanism'' for
accelerating power sector reforms in the States.
Radio/TV
WorldSpace to launch multimedia services
DIGITAL satellite-based audio major WorldSpace is stepping up its India activities in the New Year with the launch of multimedia services, along with a $10-million infusion for new applications in the coming months. It has started forging alliances with
a variety of multimedia user groups like the Andhra Pradesh Government, Apollo Hospitals and IMD besides a few business alliances.
Shipping
GE Shipping to raise Rs 95 cr via preference shares
GREAT Eastern Shipping Company Ltd is raising Rs 95 crore by way of issue of preference shares. Rating agency, Crisil, has given a pfAAA rating to the issue. The rating takes into account the company's strength on account of its diversified income stream
, according to Crisil in a release.
States
`Dabhol-hit' ryots seek redressal
LANDOWNERS displaced by the Dabhol Power project, still waiting for compensation, have asked the State Government for a higher price for their land.
NEDFi's plan for industrial estate near Guwahati awaits Central nod
The new Chairman and Managing Director of the North Eastern Development Finance Corporation Ltd (NEDFi), in course of an interactive meet with the members of the Federation of Industries and Commerce of North Eastern Region (FINER), reiterated that inste
ad of merely playing the role of a traditional financial institution, NEDFi's main objective was to cater to the special needs of the North Eastern region.
Taxation
Withholding tax on ECBs may go
THE Finance Ministry is set to review the decision taken in this year's Budget to introduce the withholding tax on interest on external commercial borrowings (ECBs).
Terrorism
Gesco cargo ship released
BRITISH anti-terrorist forces have released M.V. Nisha, the cargo ship owned by the London-based subsidiary of Great Eastern Shipping Company Ltd, the company's spokesperson confirmed today.
