The Hindu Business Line : Sunday, June 29, 2003

Auto sector set for a smooth drive
PASSENGER vehicles (cars and utility vehicles) have stolen the show in the first two months of 2003-04. After the strenuous, but fairly good growth of about 14 per cent in the last fiscal, the automobile ... More

COURTS/LEGAL ISSUES

HC sets aside Govt's order on jute packaging
A DIVISION Bench of the Calcutta High Court, comprising Mr Justice Banerjea and Mr Justice P.N. Sinha, has set aside the notification of the Central Government, whereby the Government decided to reduce the use of jute bags in foodgrains by 80 ... More

ECONOMY

India turns creditor to IMF — Finds place in financial transaction plan
INDIA, a traditional borrower from IMF, has now become a lender to the multilateral institution. India has contributed $291.70 million to the International Monetary Fund in two tranches in May and June. "India has now become a creditor the ... More

Leave development to private sector, says Narayana Murthy
How about private companies running primary schools, healthcare centres, housing colonies and ration shops? And the Government just sticking to handling things such as defence, security and conducting elections? This may sound far-fetched, but ... More

FOREIGN TRADE

Cabinet okays tariff concession pact with China
THE Cabinet today endorsed the move by India and China to offer tariff concessions to each other under the Bangkok Agreement, with the Government claiming that China's accession to the agreement would work to India's advantage. Briefing ... More

PHARMACEUTICALS

`Pharma cos neglecting diseases affecting Third World'
DESPITE all the screaming from the roof-tops on `corporate social responsibility' by pharmaceutical companies — their efforts to develop drugs for diseases that affect the population of poorer nations do not seem to have cut much ice with ... More

PERSONAL PRODUCTS

FMCGs: Being pushed to add value
SEVERAL of the myths surrounding the FMCG business, once considered a haven for defensive investors, have been shattered over the past couple of years. As the recent shrinkage in offtake for some FMCG categories ... More

Fast moving `local' goods
IT IS a business which requires very low investment in manufacturing facilities, and allows for profit margins in excess of 15 per cent. Little wonder, then, that the FMCG business has attracted a host of local ... More

`The slowdown is a transient phenomenon' — Interview with Mr D. Sundaram, Director (Finance), Hindustan Lever Ltd
It has been a rough year for Hindustan Lever, a proxy almost for the Indian FMCG industry. But in this interview with Business Line, it is an optimistic Mr D. Sundaram, HLL's Director-Finance, who asserts that the FMCG slowdown is only a ... More

What to shop for
Hindustan Lever, Colgate Palmolive India: Hold
Nestle India, Godrej Consumer: Book profits
Henkel SPIC: Pare exposures
Marico Industries: Hold More

RADIO/TV

Expanding TV coverage through KU band — `Head-ends to be provided to schools, community centres'
AS part of expanding television coverage using the KU band to reach out to inaccessible areas, the Government has said that cable head-ends would be provided to various institutions, community centres and schools while cable operators would be ... More

EDUCATION

Globsyn B-school to execute live industry projects
GLOBSYN Business School here will now have a Business Implementation Cell which will "operationalise the work & teach philosophy," according to Mr Bikram Dasgupta, Chairman & CEO of Globsyn Technologies Ltd. Speaking to newspersons here, Mr ... More

DISINVESTMENT

GFCL stake: AP to gain from higher bid price
Under SEBI takeover regulations, CFL, if chosen as the preferred bidder, is required to make a mandatory public offer for acquisition of an additional shareholding of 20 per cent so as to exercise management control over GFCL. More

INCOME TAX

PAN card to cost Rs 60

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