Financial Daily from THE HINDU group of publications
Friday, January 18, 2002
Markets (Jan. 17)
BL 2501010.61 (+9.32)
BSE Sensex3401.15 (+52.35)
S&P CNX Nifty1109.20 (+18.90)
Dollar (Buy/Sell)48.25/48.38
Gold Std (10gm)4760

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INDUSTRY & ECONOMY

ENVIRONMENT


US plans seminars on environment
NEW DELHI: The US will be holding seminars in India for creating environmental awareness, particularly in enhancing the quality of air. This was stated by the US Environment Protection Agency (USEPA) Administrator, Ms Christine Todd ... More

FOREIGN TRADE


Indian Consulate in Dubai shifts focus
FOCUSSED business and professional interaction between India and the Northern Emirates, and providing consular services and assistance to the labour force and weaker sections of the Indian expatriate community are the tasks to be given priority ... More

INFRASTRUCTURE


BSES moves Ministry on row with ONGC
BSES Ltd has approached the Union Petroleum Ministry to intervene in resolving its dispute with Oil and Natural Gas Corporation Ltd. over fuel supply to the proposed 500 MW Saphale power plant. "The Minister has, in a letter, assured us that ... More

TAXATION


VAT Council for inter-State transactions in the offing
A VAT Council to ensure a full set-off of input tax credit on inter-State transactions is in the offing. The proposed council, which will essentially function as a clearing house, has been endorsed by the Empowered Committee of State Finance ... More

COAL


State Govt cos can undertake coal mining
UNDER the revised Coal Mining Policy, which came into existence on December 12, State Government companies or their subsidiaries can undertake mining of coking and non-coking coal or lignite reserves - either by opencast or underground method ... More

EXIM POLICY


Medium-term export policy by month-end
THE Commerce Ministry would unveil its much-awaited medium-term export policy this month itself even as it has learnt to respond to short-term measures to address the urgent concern of exporters so as to arrest the tangible negative trends in ... More

GEMS & JEWELLERY


Diamond exports decline 15%
DESPITE the adverse conditions in the global market, the country's diamond industry has continued to maintain its leadership in diamond exports during the calendar year 2001, way ahead of other competitors such as Israel and Belgium. In the ... More

MINERALS


MMTC to export iron ore to China
MMTC Ltd, the super star trading house, on Thursday signed an MoU with China Iron and Steel Group Trading Corporation (earlier known as CMIEC) for supply of iron and steel raw materials to China. As part of this MoU, it will export 1-1.2 million ... More

DISINVESTMENT


SBI Capital to advise Govt on Balmer sell-off
SBI Capital Markets Ltd (SBI Cap) has been appointed as the sole global advisor to the Government for the proposed disinvestment of IBP Co Ltd's 61.8 per cent stake in Balmer Lawrie & Co Ltd. Balmer Lawrie & Co, established in 1867, has ... More

FDI


AIDQUA Holdings among 53 FDI proposals cleared
THE Government has cleared 53 foreign direct investment (FDI) proposals worth Rs 437 crore in sectors such as chemicals and petrochemicals, automobiles, heavy and light engineering, software development and steel. The list of proposals cleared ... More

IMPORTS & EXPORTS


ECGC `factoring service' in April
EXPORT Credit Guarantee Corporation of India Ltd (ECGC) plans to launch "maturity factoring" services on April 2. Tie-up arrangements with select PSU banks (for purpose of bill discounting) for this service have already been initiated, and ... More

ECONOMIC OFFENCES


UB, Mallya cleared of FERA charges
UNITED Breweries Ltd (UB) and its Chairman, Mr Vijay Mallya, have been cleared of FERA violation charges in the sponsorship of Kingfisher of the Benetton Formula One team. The Enforcement Directorate has exonerated UB and its chairman, Mr ... More
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Top Stories
Hardware-software marriage -- Zhu calls for synergy in IT


Nabard moots bank loans against godown receipts -- Guidelines awaiting Government nod

IRDA nod for licences to 7 third party administrators

US-64 outperforms Sensex with NAV

State Govt cos can undertake coal mining

Role for foreign airlines in management -- FDI in aviation may be hiked to 49 pc

Kutch revisited -- With rubble & uncertainty for company

Indian Bank operating profit up

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 6-Jan. 12
UK will step up aid to India

Working group not for withdrawal of MAT -- Fin. Ministry may not cut depreciation rates

Analysts see mixed Q3 for IT sector

Want IT experience? Well, pay up buddy

`Scrap I-T sops on small savings'

Industrial growth slumps to 0.9 per cent in Nov


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