Financial Daily from THE HINDU group of publications
Thursday, October 24, 2002
Markets (Oct. 23)
BL 2501023.44 (-4.57)
BSE Sensex2948.96 (-17.01)
S&P CNX Nifty957.35 (-5.15)
Dollar (Buy/Sell)48.35/48.48
Gold Std (10 gm)5160 (+20)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

INDUSTRY & ECONOMY

ACCIDENTS


AP: Fire in cracker shop claims 12 lives
A HUGE fire in a cracker shop-cum-godown in the busy business area of Begum Bazaar in the old city of Hyderabad gutted three floors, including a hotel, leading to loss in property and lives. According to the police, the fire which broke out in ... More

ECONOMY


Report `explodes' 5 Chinese myths
EXPLODING myths about China is what the Confederation of Indian Industry (CII) wants to do. It unveiled a CII-McKinsey study on `Improving India's Manufacturing Competitiveness vis-à-vis China' on Wednesday in Mumbai that also detailed a ... More

Crisil expects change in economic direction
THE first-half of the current fiscal may well see a change in economic direction, according to the Crisil Ratings Round-Up for this period. The improvement in some core sectors in the last six months has resulted in an improvement in Crisil's ... More

ENVIRONMENT


More pressure on US to ratify Kyoto Protocol
THE Union Minister for Environment, Mr T.R. Baalu, has said that he would make efforts to bring the US, the world's largest polluting country, to the negotiating table. "I can only request the US to ratify the Kyoto Protocol and come to the ... More

Kudremukh case adjourned
THE Supreme Court on Wednesday adjourned hearing of the public interest litigation against Kudremukh Iron Ore Company Ltd (KIOCL) initiated by the non-Governmental organisations (NGOs) and environment protection groups. Today was the second ... More

EXCISE AND CUSTOMS


Excise waiver may stay for mass consumer goods
CONSUMERS may have reason to breathe easy with the Finance Ministry thinking of retaining the current excise duty exemption for a large number of mass consumption goods. Some 400-odd items of mass consumption such as ghee, vanaspati, common ... More

PETROLEUM


No immediate cut in petro product prices
North Block has been passive to the pleas of the Petroleum Ministry to seek a reduction in excise duties on the other two mass consumed products — LPG and kerosene. More

Govt pays oil PSUs subsidies for LPG/kerosene partially
PUBLIC sector oil companies have received in October the first tranche of Government payment for kerosene and LPG, seven months after it freed petroleum product prices while deciding to continue subsidies on the two household fuels. The ... More

Six sugar mills in TN to submit bids today
Among the six sugar mills likely to submit the tenders are Dharani Sugars, Thiru Arooran Sugars, EID Parry, Rajshree Sugars and Sakthi Sugars. More

SSI


Kerala Govt announces package for defaulting SSIs
THE State Government has notified a conditional one-time settlement package envisaging concessions in interest and penal interest dues with respect to small-scale units faced with revenue recovery proceedings on account of default in upfront ... More

  • KVIC Chairman to visit Kerala

    COAL


    Ministry sets target date to relocate BCCL area people
    A study by the Central Mining Research Institute (CMRI) and BCCL says that about 22,100 houses are located in critically unstable areas due to subsidence and fires in the BCCL's command areas. More

    CIGARETTES


    FICCI wants cigarettes out of VAT net
    THE Federation of Indian Chambers of Commerce and Industry (FICCI) has pitched for the exclusion of cigarettes from the ambit of the proposed value-added tax (VAT) regime that would replace the sales tax system in the country from April 1, ... More

    EDUCATION


    ICFAI management programme
    BANGALORE: ICFAI Bangalore is organising a function specific management programme on November 14 and 15th at Atria Hotel. The workshop will focus on supply chain management and e-commerce or e-business strategies. ... More

    CARS


    `Maruti, Honda Siel satisfy customers most'
    MARUTI Udyog and Honda Siel Cars lead in the most number of segments in NFO Automotive's inaugural 2002 India Total Customer Satisfaction Study (TCS). The highest ranking vehicles were - Maruti 800 (best economy car), Maruti Zen (best ... More

    TWO/THREE WHEELERS


    Ajith Philip still groping around for the right two-wheeler
    AFTER extensive research, many test drives and much haggling at show rooms, Ajith Philip has almost decided on a TVS `Victor' as his first bike. He is yet to buy it, though. "I want to take a look at this new bike from Yamaha before I finally ... More

    TELEVISION SETS


    Durable dreams?
    The consumer durables sector has had a mixed year so far, but an emerging trend is a rise in sales in the semi-urban and rural markets. Will the festive season lift its spirits? More

    GEMS & JEWELLERY


    Gem, jewellery exports up 36 pc
    THE inherent skills in gems and jewellery have helped increase exports in the first four months of the current fiscal. Export of gem and jewellery items spurted by 36 per cent, showing the largest increase of $725 million in the total foreign ... More

    KNITWEAR & HOSIERY


    Dutch expertise for Tirupur units
    The Netherlands-based centre would also work with the NIFT-TEA Fashion Institute in Tirupur. More

    GRANITE & MARBLE


    Karnataka: Ban on granite mining causes royalty losses
    The ban on granite mining in Kollegal taluk is unlikely to be lifted in the near future as the issue of Veerappan is yet to be resolved. More

    MINERALS


    50-mt rise in iron ore capacity needed in 10th Plan
    THE installed capacity for iron ore will have to go up to 135 million tonnes (mt) from the existing 85 mt during the Tenth Plan period 2002-03 to 2006-07 for meeting an estimated demand of 122 mt for domestic consumption and exports taken ... More

    FOREIGN DIRECT INVESTMENT


    Kerala Govt mulls company to channelise FDI
    THE Kerala Government has chalked out a major programme to attract large-scale investments in a host of industrial and IT projects as part of the new reform policy and is also seriously considering a proposal to set up an investment company to ... More

    ALTERNATIVE MEDICINES


    Stringent guidelines for ayurveda drugs soon
    Mr Shatrughan Sinha said the Centre would soon bring in more stringent parameters in the Drugs And Cosmetics Act to monitor Ayurveda products. More
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    State finances — Perils of procrastination


    Need for outsourcing on the rise: Survey

    Gem, jewellery exports up 36 pc

    Now, a branded PC for less than Rs 15,000

    Sugar mills in Maharashtra pare floor price

    Report `explodes' 5 Chinese myths

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Oct. 13-Oct. 19
    G-Secs listing on SEs may be announced in Credit Policy

    DTPA suggestion to task force on direct taxes — `Consolidated returns can cut down dept workload'

    Gold, jewellery exports at $ 7 b

    Packaging matters as much as foodstuff inside

    PM calls for closer ties with Asean

    `Facilitation current mantra for DGFT'

    Centre gets tough with States on power reforms — Funds, investments tied to APDRP compliance

    ISRO to reach out to the moon

    Good economics is best politics, says Naidu


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

    Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line