Financial Daily from THE HINDU group of publications
Saturday, June 28, 2003
Markets (June 27)
BL 2501282.51 (+9.70)
BSE Sensex3583.06 (+30.66)
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Dollar (Buy/Sell)46.40/46.53
Gold Std (10 gm)5300 (-55)

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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Pasteur Institute to upgrade to comply with GMP
IN a bid to conform to international standards, the Pasteur Institute of India (PII), Coonoor, is looking to upgrade its establishment to comply with the current Good Manufacturing Practices or GMP. Established in 1907, PII, Coonoor, is widely ... More

Keltron Toolroom ties up with VSSC
THE Ketron Toolroom Research and Training Centre (Keltrac) and the Vikram Sarabhai Space centre (VSSC) have entered into an agreement for mutual cooperation in the research and development of new machining technologies for complex components. ... More

FOREIGN RELATIONS


`EU-India cultural programmes to boost trade ties'
BILATERAL relations between the civil societies of the 15-member European Union and India will get a further boost following the implementation of the EU-India Economic Cross Cultural Programme launched by the European Commission recently, the EC ... More

CEMENT


Grasim-L&T deal will aid cement price recovery: Report
THE Grasim-Larsen & Toubro deal which has led to increased consolidation in the cement industry will lead to a considerable improvement in cement prices over the next two to three years, said a report from CRIS-INFAC, a research subsidiary of ... More

COURTS/LEGAL ISSUES


Madras HC stays order of jail term for APIL directors
THE Madras High Court on Friday stayed the order of jail sentence of three directors of Automobile Products of India Ltd, belonging to the Chennai-based `MCC Finance Ltd' to three months' RI for contempt of court. The court recently passed the ... More

MAMC case: HC okays Bengal township scheme
MR Justice Altamus Kabir and Mr Justice Alok Kumar Basu of the Calcutta High Court have disposed of the Mining and Allied Machinery Corporation (MAMC) case with the observation that it has to pass the unusual order considering the humanitarian ... More

ECONOMY


Chhattisgarh annual Plan fixed at Rs 2,335 cr
THE annual plan of Chhattisgarh for the current fiscal has been fixed at Rs 2,335 crore, inclusive of Rs 18.67 crore for priority schemes put forth by the State. This has been decided here at a meeting between the Planning Commission Deputy ... More

ENVIRONMENT


AP Forest Academy looks for commercial ventures
THE Andhra Pradesh Forest Academy (APFA), the State-promoted trainer of forest personnel and professionals who could understand and utilise forest resources, is exploring avenues to generate commercial revenues to expand its activities. Taking ... More

EXCISE AND CUSTOMS


  • No excise labels on matchboxes

    FOREIGN TRADE


    India, China to work together on Doha round of talks
    INDIA and China would engage themselves in a co-ordinated fashion on issues of common interest in the ongoing negotiations of the Doha Development Round particularly on issues of agriculture, trade-related intellectual property rights (TRIPs) and ... More

    HEALTH


    `Mobile means radiation risks' — Green 8 offers easy solution
    IF you have felt a "hot-spot in the brain" when you speak on your mobile-phone or have a "face-ache" after a day-long of staring into your computer — make no mistake, you have joined the ever-increasing list of victims of electro-magnetic ... More

    PETROLEUM


    Petronet pipeline trial run set to begin on June 30
    PETRONET India Ltd's Mangalore-Hassan-Bangalore 364-km pipeline is expected to begin trial runs on June 30. The project, which was scheduled for completion last year, seems to have finally cleared all hurdles, according to company ... More

    PHARMACEUTICALS


    Pharma stocks perk up on passage of US Medicare Bill
    THE Indian pharmaceutical industry seems to have struck gold with the US House of Representatives and Senate approving the Bill on Medicare drug benefits today. The news led to a rally in stocks of most pharmaceutical companies which either ... More

    TAXATION


    Kerala rules out multipoint tax for rubber latex
    THE State Finance Minister, Mr K. Sankaranarayanan, has said that the Government did not favour multipoint tax for rubber latex and centrifuge tax. Replying to calling attention motion in the State Assembly on Friday, the Finance Minister said ... More

    TEXTILES


    Hi-tech weaving parks on the anvil
    THE Powerloom Development and Export Promotion Council (PDEXCIL) has planned to set up hi-tech weaving parks in different locations in the country to serve as single stop shops for buyers to source their fabric requirements, according to the ... More

    WATER


    Meet on Krishna, Godavari waters
    THE Forum for Utilisation of Godavari Waters has urged the State Government to put online all the information regarding the Phase I of the Krishna drinking water supply project, which is aimed at bringing 45 million gallons a day (mgd) of water ... More

    BREWERIES


    Distillers for putting off Beverages Corpn launch
    `Considering that the amount due to manufacturers from the market is substantial, we request the Government to allow us a reasonable period, say six months, to collect our dues before the introduction of the sole distributor.' More

    RADIO/TV


    Govt softens stand on CAS
    IT seems to be a case of give and take. While the Government today seems to have toned down its stance saying that July 15 may well be the date for a "soft launch" of the Conditional Access System (CAS), top broadcasters have veered round the ... More

    Radio Mid Day feels the pinch
    Radio Mid Day West India Pvt Ltd, a subsidiary of Mid-Day Multimedia Ltd, which ran the Go 92.5 FM station in Mumbai, has sent a conditional notice to the Information & Broadcasting Ministry to surrender its licence for FM Radio broadcasting in ... More

    Bengal against July 15 deadline for CAS
    THE West Bengal Government has informed the Centre that it does not favour introduction of the conditional access system (CAS) by July 15. A letter written by the State Chief Secretary to the Union Information and Broadcasting Secretary said ... More

    EDUCATION


    Honing the skills
    A scene at the Central Institute of Tool Design, Hyderabad. The institute offers a variety of courses to aspiring designers, including use of CAD/CAM, CNC and reverse ... More

    PAINTS


    Paint research centre coming up at Jadavpur University
    THE industry-university partnership was crucial for meeting the competitive challenges thrown up by an increasingly globalised economy, the West Bengal Minister for Higher Education, Mr Satya Sadhan Chakraborty, has said. Speaking at the ... More

    DISINVESTMENT


    Coromandel Fert emerges highest bidder for GFCL stake
    COROMANDEL Fertilisers Ltd (CFL) has emerged as the highest bidder for the Andhra Pradesh Government's 25.88 per cent stake in Godavari Fertilisers and Chemicals Ltd (GFCL) when the Implementation Secretariat (IS) of the State Government opened ... More

    SMALL SAVINGS


    EPFO trustees urge IFCI to pay 10% interest on bonds
    THE Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) on Friday asked the Industrial Finance Corporation of India (IFCI) to improve its offer of 9 per cent interest on the fund's investment in bonds floated by ... More

    EVENTS


  • Hyderbad Engagements
  • Indian Liberal Group chapter

    EXPORTS & IMPORTS


  • Inter-ministerial panel set up for co-ordination

    TOURISM


    Malabar Travel Mart getting ready
    KERALA Tourism is preparing for the conduct of the Malabar Travel Mart in August this year. The three-day event, labelled `Mystiques of Malabar,' will be held from August 14 to August 16 at the Kadavu resort near Kozhikode. According to Mr ... More

  • Boat jetties to boost tourism

    ECONOMIC OFFENCES


    Ministry yet to file charges against Coal India chief
    EVEN after three weeks have passed since the Chairman of Coal India Ltd, Mr N.K. Sharma, was suspended on June 4 allegedly because of his direct and indirect involvement in a series of corrupt practices, the Union Ministry of Coal and Mines is ... More

    PEOPLE


  • GCDA Chairman felicitated
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    Cummins seeks parents' range

    Wipro goes in for just-in-time hiring

    SEBI notifies ad norms for MFs

    Monsoon brings good rains in most areas

    Petronet pipeline trial run set to begin on June 30

    In Focus
    SARS scare
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collection
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Jun. 15-Jun. 21
    Food product exporters bracing for US Act

    Devil is in the detail, says tobacco industry

    Iran offers oil to Asian union on easier terms

    Flood in Singareni mine; 17 feared drowned

    `Appropriate price' for procuring ethanol — Petroleum Ministry move irks sugar mills

    Fresh rain spells forecast this weekend

    It's between UV, RO in water treatment

    Site to ease campus interviews

    Autopolis puts Tata Engg among top gainers

    External debt shoots up to $105 b

    Playing out a farce?


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