The Hindu Business Line : Tuesday, February 19, 2002

Dubai opens financial hub
THE Dubai Government has established the Dubai International Financial Centre. The Crown Prince of Dubai and Minister of Defence, Sheikh Mohammed bin Rashid al Maktoum, made the announcement and said that the move was in tandem with the global ... More

POWER

NTPC, Rlys sign pact on power plants
THE National Thermal Power Corporation (NTPC) will create an additional capacity of 2000 MW from its joint venture with the Indian Railways by setting up power plants to meet the energy requirements of the Railways. The projects are likely to be ... More

Demand for fixed charges by Tanir Bavi power project -- KERC, Govt on collision course
KPTCL, which had estimated the financial outgo for power purchases from TBPCL at the rate of 2.8 cents, subsequently raised it to four cents a unit in the revised application. This effectively means that on an investment of Rs 900 crore, the cumulati ve return would be to the extent of Rs 2,503 crore or a return on equity of at least 65 per cent per annum. More

TEXTILES

Draft standard contract for cotton import almost ready
THE cotton textile industry is making yet another bid to redraft a standard contract format for cotton that will take care of the interests of the mills importing cotton. A draft committee comprising members drawn from four different cotton ... More

India to seek greater access to US markets for textiles
INDIA will soon seek greater access to the US markets for its textile and clothing products, similar to the concessions extended to Pakistan, Mr S.B. Mohapatra, Secretary (Textiles), has said. "The recent decision of the US will have an impact ... More

BREWERIES

Liquor MNCs hope more States will allow BIOs -- WTO norms allegedly violated
ONLY 12 Indian States have allowed Bottled-In-Origin (BIO) spirits into their respective local markets, though it has been almost a year since the Central Government lifted quantitative restrictions (QRs), "Multinational liquor companies expect ... More

METALS

Packaging & other issues -- Tinplate council has its task cut out
WITH meagre per capita domestic consumption of tinplate, which is acknowledged to be an eco-friendly, cost-effective packaging medium, the Tinplate Promotion Council (TPC) has its job cut out. Also, TPC's promotional job is rendered ... More

INDUSTRY ASSOCIATIONS

Net telephony: Parity for ISPs, operators urged
THE Associated Chambers of Commerce and Industry (Assocham) has urged the Government to ensure that telecom operators and Internet service providers (ISPs) are treated at par while granting permission to offer the Internet telephone ... More

DISINVESTMENT

MTNL stake sale may gather speed after Feb
THE process of strategic disinvestment of Government equity in Mahanagar Telephone Nigam Ltd (MTNL) is likely to gain momentum after February 28, the cut-off date within which Group A and Group B employees of MTNL are required to exercise their ... More

Gesco, Essar among 5 in race for SCI
GREAT Eastern Shipping Company Ltd (Gesco), Essar Shipping Ltd, the two big names in the domestic shipping industry, and Malaysian International Shipping Corporation Bhd (MISC) are among those who have submitted expressions of interest (EoIs) for ... More

NJMC units' divestment may not go thru this fiscal
The NJMC has over 12,000 permanent workers and 3,700 temporary staff, who are labelled `special badli workers' in the six units. As on March 31, 2002, NJMC's total accumulated loss is apprehended to cross Rs 2,900 crore. More

FOREIGN DIRECT INVESTMENT

`Hong Kong to gain'
NEW DELHI: China's accession to WTO would greatly increase international attention on China and this wouldbenefit Hong Kong, said Mr Jasper Tsang Yok Sing, Chairman of Democratic Alliance for Betterment of Hong Kong and Member of ... More

RURAL DEVELOPMENT

`Space tech ideal for rural healthcare'
MANY space-based technologies can be leveraged through industry-research co-operation to study life sciences covering exobiology and human health care, says the ISRO Chairman, Dr K. Kasturirangan. Addressing a select gathering at the March ... More

HUMAN RESOURCES

FMCG among major recruiters at XLRI
The highest salary in the campus was offered by HSBC at Rs 12 lakh per annum. The average salary offered was Rs 6 lakh per annum. More

REGULATORY BODIES & RULINGS

BIFR confirms wind-up of Hyderabad Lamps
THE Board for Industrial and Financial Reconstruction (BIFR) has confirmed its opinion of winding up the ailing Hyderabad Lamps Ltd. Besides, in view of the plea made by the operating agency on behalf of all the secured creditors for sale of ... More

ECONOMIC OFFENCES

Check global trade fraud, banks told
DELINEATING the myriad ways in which international trade frauds are committed, Mr P.K. Mukundan, Director, International Maritime Bureau and International Chamber of Commerce's Commercial Crime Bureau, on Monday said that Article 13 of the UCP ... More

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European cos warming up to outsourcing

`ARC should create market, not buy bad loans'

DCA tightens norms on loans to directors

Silo deadline extended

NTPC, Rlys sign pact on power plants

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