The Hindu Business Line : Sunday, June 23, 2002

Cement: Volume push, a concrete move
THE last ten months — with high volume growth — has been good for the cement industry from the long-term perspective even if it has not meant higher profits now. The lack of a favourable impact on profit levels has to do with the ... More

Consolidation -- Gradual cementing, but...
ONE recurrent theme in the cement industry over the last five years has been consolidation. Though the last 20 months or so have been quiet, barring the acquisition of a strategic stake in Larsen and Toubro by Grasim Industries, the preceding ... More

The bugbear of capacity creation
IN A commodity industry where volumes and efficiencies ought to play a major role in influencing profitability levels, it is clear that the cement industry has become dependent on price changes for profit growth. This does not mean that volume ... More

Cement stocks: Not so ready-mix
Recommendation:
ACC: Hold/Buy on declines
Gujarat Ambuja Cements: Hold
Madras Cements: Hold
India Cements: Hold and sell on rise
Grasim: Hold
L&T: Hold and sell on rise
More

ECONOMY

Priority areas for reforms chalked
THE Vajpayee Government is keen on discriminating between inessential and essential economic reforms A recent meeting of the Committee of Secretaries held in the middle of this month under the Chairmanship of the Cabinet Secretary has chalked ... More

Special economic zone at Mangalore on anvil
MANGALORE now seems a wee bit closer to gaining a `special economic zone' for itself - a facility that is expected to bring all the gains of globalisation within the reach of the 300-odd-km stretch of coastal Karnataka. Ever since the ... More

Increase in bank credit

ENVIRONMENT

`Polluters will have to pay' — Better waste management sought
ALL those responsible for polluting the environment will soon have to pay for it. This could be applicable to both individuals and industries, according to the Union Minister of State for Urban Development, Mr Bandaru Dattatreya. Addressing a ... More

FOREIGN TRADE

Another rice barter deal with Manila
THE country's counter-trade (barter) policy is on a fast track. Counter-trade with countries especially in South-East Asia seems to be latest trend. After signing such deals with Malaysia and Indonesia, India has won a big deal with the ... More

Commerce Secy to head team for talks with SA
A LARGE high-level official Indian delegation, comprising a big contingent of Indian exporters, led by the Union Commerce Secretary, Mr Dipak Chatterjee, is leaving for South Africa tomorrow to discuss bilateral trade ties between the two ... More

HEALTH

New neurosurgery centre at Bangalore
A NEW centre for neurosurgery — a multi-disciplinary neurosurgical foundation, is being set up near the Bangalore international airport. Estimated to cost Rs 100 crore, the centre is expected to be completed by 2005 and will become ... More

Gates Foundation grants $6.4 m for Rotavirus project
THE Bill & Melinda Gates Foundation has allocated a grant of $6.4 million for the Rotavirus Development Project-India wherein Bharat Biotech Ltd., the Hyderabad-based firm, will be responsible for development and production of vaccine and AIIMS ... More

TEXTILES

South cotton textile units seek level playing field
THE Vice-Chairman of the Indian Cotton Mills Federation (ICMF), Mr B.K. Krishnaraj Vanavarayar, has called upon the members of the Parliamentary Committee on Public Accounts to help remove legislative and fiscal impediments affecting the southern ... More

Yarn exporters, mills fear losing `Bangladesh'
THE domestic cotton spinning mills and cotton yarn exporters fear they may lose substantial business from Bangladesh following the Bangladesh government's decision to help encourage local entrepreneurs to set up modern spinning mills and also ... More

Cotton yarn exports in Jan-May up at 25.7 mkg
COTTON yarn shipments from India to quota countries have made gains volume-wise this year, thanks to the recovery in April-May exports. But the pick-up in volume has not helped in unit value realisation from exports. On the contrary, the per ... More

GEMS & JEWELLERY

Gem, jewellery exports up 39 pc in April-May
THE gems and jewellery industry has seen a 39 per cent increase in total exports in April-May 2002. The total exports have increased from $890.7 million in April-May 2001 to $1,238.72 million (provisional) this year. Further, the exports for ... More

INDUSTRY ASSOCIATIONS

`US recall of citizens will send wrong signals'
THE US State Department's travel advisory and recall of its citizens from India could halt the speed of economic ties between the two nations. The fiat is totally unwarranted and uncalled for and nothing but a gimmick, Mr Kapil Sibal, Congress ... More

EXPORTS & IMPORTS

Marketing development aid scheme guidelines modified
THE Department of Commerce in the Ministry of Commerce and Industry has modified the existing guidelines on Marketing Development Assistance (MDA) scheme. The scheme had been designed to assist individual exporters and export promotion councils ... More

TOURISM

IBP in tourism tie-ups with Kerala, AP
THE Kerala Tourism Department and IBP Co. Ltd have entered into a partnership for joint development and promotion of tourism and associated facilities in the State. An MoU has been signed by Mr T. Balakrishnan, Secretary, Tourism Department, ... More

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Govt sees hope in rising rubber prices

Another rice barter deal with Manila

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
Jun. 16-Jun. 22
Infrastructure projects: Talks soon with ADB, World Bank for $2-b loan

No changes in EPFO structure proposed -- Pension panel meet on June 24

NCAER sees real GDP growth rate at 5.5 pc

Export growth rate set at 12 per cent

FDI inflows cross $4 b in 2001-02

Reader base for newspapers up