Financial Daily from THE HINDU group of publications
Tuesday, March 25, 2003
Markets (March 24)
BL 2501059.82 (-17.89)
BSE Sensex3140.36 (-78.37)
S&P CNX Nifty1013.90 (-23.25)
Dollar (Buy/Sell)47.61/47.74
Gold Std (10 gm)5300 (+50)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty imposed on PSF from four countries
DOMESTIC manufacturers of polyester staple fibre (PSF) have tasted success in staving off what they consider as "injurious imports" of certain PSF from South Korea, Malaysia, Taiwan and Thailand. The Finance Ministry has imposed a definitive ... More

  • Dumping probe on metallurgical coke

    BUDGET


    Little cheer for tea industry in TN Budget
    WHILE welcoming the measures on infrastructure reforms and austerity in Government expenditure proposed by the Tamil Nadu Budget, the Planters' Association of Tamil Nadu (PAT) has expressed disappointment at the lack of consideration given to the ... More

    TN Budget `Chennai centric' — Infrastructure needs of Coimbatore ignored: ICCI
    THE latest Budget of the Tamil Nadu Government is rather `Chennai centric' and the infrastructure needs of Coimbatore, the second largest city in the State, has not been given adequate attention, according to the Indian Chamber of Commerce and ... More

    ECONOMY


    We Think for India proposes intelligentsia-industry link
    THE winners for the National Manufacturing Sector Policy Competition 2003, sponsored by We Think for India, a voluntary organisation of eminent persons to create a national platform for interchange of beneficial ideas, was announced on ... More

    ENVIRONMENT


  • World Forestry Day observed

    INFRASTRUCTURE


    BoB plans to invest Rs 100 cr in development fund
    BANK of Baroda proposes to invest Rs 100 crore in the India Development Fund, which focuses on investing in early- and middle-stage infrastructure companies engaged in the social, urban, technology and agricultural infrastructure ... More

    PSU


    NPCIL offers `lifeline' to two State PSUs
    THE Nuclear Power Corporation of India Ltd (NPCIL) has provided a lifeline to the Power Electronics Group at the Keltron Equipment Complex at Karakulam near here, a unit of the public sector Kerala State Electronics Development Corporation ... More

    Banks refuse refinance support to State PSUs
    Some State PSUs want to retire mostly high cost bonds and term loans. A few States proposed to buy back some of these high cost bonds/debts for refinancing the same with lower interest loans/bonds for extended tenures. More

    Bengal PSUs report over Rs 2,000-cr loss
    The power sector accounted for the biggest loss, Rs 1,564.6 crore, with the West Bengal State Electricity Board alone reporting Rs 1,473.73 crore loss. More

    PETROLEUM


    Petro prices could fall: Naik
    THE prices of petrol, diesel and other transport fuels may be reduced if international crude oil prices continue to fall over the next 15-20 days, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, has said. Speaking to newspersons on ... More

    PHARMACEUTICALS


    Life sciences alliance formed — 3 pharma cos tie up with US firm
    THREE Indian pharmaceutical companies - Shasun Chemicals and Drugs Ltd, Innovasynth Technologies (India) Ltd and Suven Pharmaceuticals Ltd - have joined with Austin Chemical Company of the US to form what they call the `Life Sciences ... More

    POWER


    AP electricity panel cuts industrial tariffs
    THE Andhra Pradesh Electricity Regulatory Commission (APERC) has reduced the tariffs for industry (HT-1) by 2.96 per cent from Rs 3.71 per unit to Rs 3.60 per unit for the year 2003-04. The commission has also reduced the unit rate of power ... More

    Exxon in talks for LNG supply to Dabhol
    INTERNATIONAL oil and gas major ExxonMobil is in talks with IDBI, lead-lender to the beleaguered Dabhol Power Company (DPC), for supply of liquefied natural gas. ExxonMobil is interested in supplying natural gas to the five-million-tonne per ... More

    TAXATION


    In the red, sugar industry seeks tax concessions
    "Export of sugar is also not encouraging as the realisation is much lower at Rs 1,000 per quintal," said Ms Vidya Murkumbi, Vice-President, South India Sugar Mills Association. More

    Lift VAT waiver limit to Rs 50 lakh: Traders
    THE Tamil Nadu Chamber of Commerce and Industry, in its state-level conference on implementation of value-added tax in the State passed a number of resolutions and decided to meet the Chief Minister and others and explain the procedural ... More

  • Kerala Minister's assurance on VAT

    SSI


    Kerala SSIs want curbs on movement of timber to stay
    THE Kerala State Small Industries Association has urged the State Government not to withdraw the Government order banning inter-State movement of 49 varieties of timber, including rubber, to other States. The Government order was issued in 1981 ... More

  • `Karnataka Budget has neglected SSIs'

    WATER


    Bottled water units get edgy on new norms
    THE bottled water issue is still bubbling under, with just about a week to go for the proposed revised norms to come into effect on April 1. Expressing its reservations, the Rs 1,000-crore bottled water industry has urged caution in bringing in ... More

    Small players may drown in water controversy
    THE ongoing controversy over bottled water could end up wiping out smaller players, leaving only the large ones (two multinationals and one Indian company) in the field, fears the industry. Concerned that the end will come soon if the ... More

    COAL


    State PSUs can take up coal mining outside
    IN a move that could revolutionise coal production in the country, the Centre has decided to allow State Government undertakings to undertake coal mining outside their State boundaries and also to sell it in the open market anywhere. This will ... More

    EDUCATION


    IT@School to feature Kalpana Chawla
    THE State Government has decided to dedicate a chapter on the life, times and achievements of Kalpana Chawla in the IT@School textbook for the ninth standard in what is being described as a fitting tribute to the ... More

    Quest for knowledge!
    A chicken pox-affected student writing his SSLC exam at one of the centres in Bangalore on Monday. This year a record 7.85-lakh students are appearing for the SSLC examination at 2,150 centres across the State. ... More

  • KIOCL schools at Mangalore

    INDUSTRY ASSOCIATIONS


    CII team to visit Lanka
    THE Confederation of Indian Industry (Southern Region) is taking a 11-member team to Sri Lanka from March 27-31 to coincide with the IMEXPRO 2003 (import export promotion fair) to be held in Colombo. The team would explore bilateral trade ... More

    BIO-TECH & GENETICS


    Govt allots land for CCMB biosafety lab
    THE Andhra Pradesh Government has agreed to give 5-acres of land adjacent to the upcoming office complex of the transnational corporation, GE, near Uppal for the national Biocontainment facility. The ambitious project has been proposed by the ... More

    Biotech - an emerging field
    THE Thrissur-based Small Industries Service Institute, in association with Kerala Chamber of Commerce and Industry, has conducted a one-day sensitisation programme on biotechnology aimed at creating awareness among entrepreneurs, Government ... More

    CERAMICS


    VAT may push up ceramic tile rates
    CONSUMERS of ceramic tiles, a building material, may well have to fork out higher prices from April 1. The Rs 2,000-crore domestic tiles industry is predicting a "price correction" - upward correction - from that date in all those States ... More

    DISINVESTMENT


    Divestment of oil PSUs gets SC nod
    THE Supreme Court on Monday said that the pendency of a petition challenging the privatisation of oil PSUs HPCL and BPCL would not act as a deterrent to the Union Government in pursuing the disinvestment process in the two firms. The Supreme ... More

    RURAL DEVELOPMENT


    Empowering women through social mobilisation— AP villages reap benefits from UN project
    THE poorest of the poor in Loddipalli village of Kurnool district in Andhra Pradesh never had a day's provisions at home till recently. But today, they boast of having stocks of foodgrains that will last for over a month. Not only provisions, ... More

    HUMAN RESOURCES


    Manufacturing does better by its employees
    THE seemingly "iron-fisted" manufacturing sector in the country has done better in employee engagement, when compared to the apparently "hierarchy-free" New Economy and service sector. This is the view of a study undertaken by Gallup MBA India ... More

    TRADE & LABOUR UNIONS


    Prudential Bank staff stage dharna to recover NPAs
    Hundreds of bank employees chose to surround the offices and residences of key individual and corporate defaulters, who were already served 60-day notices under the newly promulgated Securitisation Act. More

    EXPORTS & IMPORTS


    Apeda signs MoU for mango export zone
    THE Agricultural and Processed Food Products Export Development Authority (APEDA) has approved the setting up of an Agri Export Zone for mango in Virudhunagar, Madurai, Theni, Tirunelveli and Kanyakumari districts. With this, the mango ... More
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • The Hindu eBooks

    Pick a Winner Stock Market Contest

    Top Stories
    Divestment of oil PSUs gets SC nod


    Water privatisation — Reaching epidemic proportions

    Saddam loses to Harry Potter in `war of words'

    Banks refuse refinance support to State PSUs

    Manufacturing does better by its employees

    Govt slashes sugar release by 19.3 pc

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Mar. 16-Mar. 22
    Dollar weakness may dent software exports — Nasscom lowers growth forecast to 27pc

    Icrisat helps Kothapally to overcome drought

    TNEB hopes to begin talks with IPPs on tariff revision

    `Corporatisation will kill the soul of film-making'

    TN no longer to supply power free — Domestic, commercial consumers face highest tariff hike

    High bandwidth rural connectivity vital: President

    Fast money? Just buy FI bonds

    No UN certifying inspectors at ports — Exporters in a fix over Iraq-bound cargo

    Supplies won't be hit: Naik

    `I want to boost co-production of films' — Mr Ravi Shankar Prasad, Minister of State for Information and Broadcasting

    Farm labourers find bonanza in human trials


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

    Copyright © 2003, 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