Financial Daily from THE HINDU group of publications
Thursday, February 07, 2002
Markets (Feb. 6)
BL 2501073.03 (+54.27)
BSE Sensex3427.39 (+115.66)
S&P CNX Nifty1113.10 (+38.85)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10gm)4890 (+30)

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INDUSTRY & ECONOMY

CHEMICALS


Positive Budget hopes aid agro-chemical cos
THE stocks of agrochemical companies have been on a steady rise for the past one month on anticipations of further sops in the coming Budget for the agrochem sector. Companies such as Syngenta India, Rallis India, Bayer India and Agrevo India ... More

HEALTH


  • Meet on chest diseases begins tomorrow

    INFRASTRUCTURE


    ADB loan sought for last-mile projects
    THE Government has decided to seek assistance from the Asian Development Bank (ADB) to finance last-mile projects of the Railways, and also in two other infrastructure segments - power and roads, according to senior government officials. The ... More

    PSU


    PSU stocks defy gravity
    SHARES of Public Sector Undertakings (PSU) turned euphoric on Wednesday guided by the irrefutable success of the Government in flagging off the disinvestment process. The Bombay Stock Exchange PSU Index shot up by a whopping 126.05 points or ... More

    `Move to privatise PSUs will hit State economy'
    THE Union Government's move to privatise and dismantle public sector units in Kerala will seriously affect the economy of the State, according to Mr M.K. Pandhe, General Secretary, CITU. The privatisation drive for Cochin Shipyard, FACT, ... More

    PETROLEUM


    Oil PSUs plan for auto LPG outlets
    BY March, car owners across the four major metros — Mumbai, Delhi, Kolkata and Chennai — will be able to access auto LPG in over 50 filling stations, according to plans drawn up by public sector oil majors. By 2003-04, all three oil ... More

    Naphtha, kerosene prices slashed
    OIL companies have slashed prices of naphtha and kerosene in February. However, the prices of furnace oil and low sulphur heavy stock for fertiliser units have been increased. Naphtha used by fertiliser manufacturers will cost Rs 8,500 per ... More

    PHARMACEUTICALS


    Drug Policy: `Devil is in the detail'
    THE "devil is in the detail" for pharma companies, which have just about got a peek into the rationale that would govern their operations in the country. Even as companies heave a sigh of relief, with the long-promised new Drug Policy finally ... More

    SUGAR


    `Sugar decontrol only after cane price rationalisation'
    THE complete decontrol of the sugar industry will be preceded by the Centre taking steps to rationalise sugarcane prices and initiation of futures/forward trading, according to Mr Shanta Kumar, Minister of Consumer Affairs, Food and Public ... More

    Decontrol sweetens sugar stocks
    SUGAR stocks today buoyed up in varying degrees at the Cabinet decision to take the industry out of the control mechanism. The Balrampur Chini stock was the most active among the sugar shares. The scrip shot by Rs 5 to Rs 95 on the BSE. On the ... More

    SSI


    Small is beautiful for `Resurgent' Gujarat
    The three-day business meet this weekend, being touted by the State Government as different from many such earlier events, is consciously projecting small and medium enterprises at the expense of the large-scale business ventures. More

    RADIO/TV


    Shunning the TRP `trap'
    The idea behind delinking deals for commercials from TRPs is to arrive at a mutually acceptable `effective' rate which leads to a win-win situation for all the parties involved. More

  • DD-Bharati made mandatory channel

    HCV/LCV/TRACTORS


    IBA directive gives a fillip to CV financing
    FINANCING of commercial vehicles has become cheaper and easier after a "suggestion'' by the Indian Banks' Association for easier lending norms, which promises to revive demand and boost sales, manufacturers and financiers say. The commercial ... More

    BIO-TECH & GENETICS


    Naidu seals biotech pact with North Carolina
    THE Chief Minister of Andhra Pradesh, Mr N. Chandrababu Naidu, has visited the Research Triangle Park (RTP), North Carolina and held extensive talks to promote biotech initiatives and co-operation with Andhra Pradesh. Mr Naidu, accompanied by a ... More

    MINING & QUARRYING


    Improve mining technology: Paswan
    THE Union Minister for Coal and Mines, Mr Ram Vilas Paswan, has called for reducing the existing lag between the level of technology in the Indian mines and quarries and some of their counterparts in the developed countries. Inaugurating Stona ... More

    DISINVESTMENT


    Lazard-SBI Caps to be advisor for SCI sell-off
    THE Union Government has flagged off the process of divesting 51 per cent of its stake in Shipping Corporation of India (SCI) by appointing Lazard Capital-SBI Caps consortium as global advisor for the deal. "Lazard Capital-SBI Caps consortium ... More

    India Inc congratulates Govt on reforms
    INDIA Inc has congratulated the Government for "relaunching the reforms programme''. The President of the Federation of Indian Chambers of Commerce & Industry (FICCI), Mr R.S. Lodha, hopes that this will be carried further in the forthcoming ... More

    WTO


    Broad accord on WTO negotiations format
    POST-DOHA, member governments of the World Trade Organisation (WTO) assembled in Geneva for the first meeting of the Trade Negotiations Committee (TNC), the supreme body that in turn farms out other committees for various WTO issues, and reached ... More

    INCOME TAX


    Norms eased for perks valuation
    THE Government has relaxed the rules for valuation of perquisites for certain categories of salaried employees for 2001-02. For employees whose salaries are less than Rs 1 lakh per annum (after standard deduction), no tax will be deducted at ... More
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    PSU stocks take market on joy trip


    Hyundai planning to come out with IPO

    McKinsey reiterates $50-b export aspirations

    FMCG brands bank on smaller packs

    SafeScrypt issues digital signature to Mahajan

    IBA directive gives a fillip to CV financing

    Gold, silver zoom to new high

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Jan. 27-Feb. 2
    Economic growth likely to be below 5 pc: CEO poll

    Bowling over `Star-stuck' advertisers

    Fiscal deficit up 37.7 pc

    Viewers must have choice of channels, says panel

    GDP growth pared to 4 pc

    Tatas, Reliance bid for VSNL

    Taiwan wooing India Inc with hardware tech

    Govt moves to speed up APM regime phase-out


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