The Hindu Business Line : Thursday, August 14, 2003

ASFI against lifting dumping duty on nylon tyre cord fabric
THE Association of Synthetic Fibre Industry (ASFI) has approached the Customs, Excise and Service Tax Appellate Tribunal (Cestat) in appeal against the order of the Designated Authority that recommended the discontinuation of anti-dumping duty on ... More

COURTS/LEGAL ISSUES

SC turns down Coke's plea
THE controversy over pesticide-residue in soft-drinks looks far from abating, with the Supreme Court on Wednesday refusing to entertain the petition of Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL) saying that there were no grounds for the Court ... More

HEALTH

South Indian Bank scheme
KOCHI: The Thrissur-based South Indian Bank has launched a family health care package called SIB Lifeline under which the bank will extend financial assistance on soft terms for various kinds of medical treatment at reputed ... More

TEXTILES

WTO trade centre to take up textile project in India
THE Geneva-based International Trade Centre of UNCTAD/WTO has agreed to take up a project in India with the sole objective of assisting the Indian textile and clothing (T&C) industry in improving its competitiveness to face the challenges of the ... More

`Textile debt revamp will aid investment'
THE debt-restructuring scheme evolved by the Steering Group on Investment and Growth in the textile industry would provide impetus to the viable and potentially viable textile units to invest in modernisation and strengthen backward integration ... More

SIMA welcomes panel proposal on debt revamp
Mr Vijay Venkataswamy, has said that debt portfolio revamp envisaged would help the textile industry and enable banks and FIs reduce their NPA levels. More

SSI

Royal Sundaram's schemes for SMEs
ROYAL Sundaram, the Chennai-based private non-life insurer, has introduced `Enterprise' - a suite of products that provide "specialised and tailored covers designed to cater to the requirements of small and medium industries." The product ... More

Tax clinics to assist SSIs on legal issues
COME September 1, every excise division in a Commissionerate would need to have a functioning `tax clinic' for the small-scale sector. The Central Board of Excise and Customs (CBEC) has issued a directive to "break the communication wall, if ... More

SAP India offers solutions for SMBs
SAP India, a major enterprise business software solutions provider, has announced the launch of specially configured micro-vertical standardised easy to deploy solutions for the small and medium segment with a turnover below Rs 350 crore. Mr ... More

RADIO/TV

TV18 hikes stake in CNBC joint venture
TELEVISION Eighteen Ltd (TV18) has announced that it has concluded its arrangement with CNBC Asia Pacific (CNBC AP), resulting in TV18's stake in CNBC-TV18 going up to 90 per cent. CNBC AP will hold a 10 per cent strategic stake in TV18's ... More

Dept of Space clears Star News uplink
THE Department of Space has cleared the application of Media Content and Communications Services (MCCS) for uplinking Star News from India while the Home Ministry is yet to give its nod. "The proposal of MCCS for uplinking Star News channel ... More

AUTOMOBILE COMPONENTS

ACMA opposes duty-free import of Thai auto parts
THE Automotive Component Manufacturers' Association (ACMA) has requested the Government not to include auto components in the list of items that can be imported duty-free from Thailand under the proposed Free Trade Agreement (FTA) with the ... More

ELECTRICAL GOODS

Failure to return old equipment — Battery makers to turn heat on dealers
BATTERY manufacturers have decided to hit their dealers where it will hurt them the most. Worried over the dealers' act of continuously ignoring their plea to recollect old batteries, the manufacturers have now decided not to pay them the ... More

REAL ESTATE & CONSTRUCTION

Mumbai tops in labour law violations
BIG construction firms in the country, including Government-owned agencies, have been found violating labour-related norms more in Delhi and Mumbai than compared to the two other metropolises, namely, Kolkata and Chennai. This is apparent from ... More

DISINVESTMENT

Financial bids for Hind Copper likely by month-end
THE Government is expected to invite financial bids from Birla Copper and Sterlite Industries Ltd for privatising Hindustan Copper Ltd (HCL) by the end of August or in the first week of September after resolving issues regarding sovereign ... More

EVENTS

Auto expo opens in Bangalore today
AN automobile exhibition is being organised from August 14 to 17 here that will showcase some of the newest vehicle models in the country. Some of these include, Maurti's Grand Vitara, WagonR and Carbon and Steel models of Zen, Mahindra's ... More

EXPORTS & IMPORTS

Foodgrain shipments likely to slow down
RISING grain exports — in terms of both volume and value — over the last three years has no doubt created a sense of euphoria in the Government circles. Rice and wheat exports have contributed to a considerable extent to a healthy ... More

TOURISM

Karnataka to woo tourists from Bengal
WAY back in 1916, Rabindranath Tagore penned one of his poems at a hill lodge on the Karwar beach in Karnataka. Nearly a century later, the Karnataka Government is trying to use this association in an effort to woo Bengali tourists to visit the ... More

Bengal, ICC bid to promote medical tourism
THE Government of West Bengal and the Indian Chamber of Commerce & Industry (ICC) are coming together to prepare a roadmap for making the state a healthcare outsourcing and medical tourism destination. Mr Surya Kanta Mishra, State Minister ... More

ECONOMIC OFFENCES

Tax officials urged to curb illegal movement of commodities
THE Minister for Commercial Taxes, Mr K. Vijayarama Rao, today asked the officials of the department to focus on areas such as `works contracts' and mining segment, besides effectively checking the illegal movement of commodities to augment tax ... More

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