Financial Daily from THE HINDU group of publications
Wednesday, October 15, 2003
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


M.P. hopeful of good rainfall
MANGALORE: The Madhya Pradesh Chief Minister, Mr Digvijay Singh, has said that the proposed special economic zone (SEZ) at Indore in Madhya Pradesh will contribute to the development of export-oriented units in the State. Addressing ... More

PENSION PLANS


Directive to pensioners
HYDERABAD: The Director of Treasuries & Accounts has said that all the pensioners should submit their life certificate by the end of November. Instructions have been issued to all District Treasury Officers, Pension Payment Office, ... More

INVESTMENTS


Jersey woos Indian business
JERSEY, one of the world's major international finance centres has a lot to offer NRIs and resident Indians with global interests and assets. Institutions in the British Channel Island are catering to Indian clientele in larger numbers in ... More

FOREIGN TRADE


Saudi keen to double bilateral trade
SAUDI Arabia is keen on doubling the bilateral trade with India from the extant $4 billion to $8 billion in the short-term taking advantage of the long-standing economic and commercial cooperation between India and Saudi Arabia. Talking to ... More

Australia keen on improving trade ties
AUSTRALIA is keen to have more tie-ups with Indian companies in various sectors in view of the considerable growth in trade between the two countries in the recent past, Mr Peter Kane, Minister (Commercial), Australian High Commission, New ... More

HEALTH


When the doc waits for you
A Coimbatore hospital is using software to help the doc manage his schedule and cut patient waiting time. More

INFRASTRUCTURE


Buoyant revenue, site demand help BDA retain safety rating
RIDING on the back of buoyant revenues and sustained creation of new sites for sale, the Bangalore Development Authority (BDA) has no reason to worry about honouring its commitment towards the Rs 100-crore bond issue floated last year, even ... More

PHARMACEUTICALS


What ails pharma PSUs?
Defenders of PSUs maintain that meeting social obligations — such as supplying drugs at subsidised prices for nation-wide health-related programmes — made them unviable. More

Good potential for export of generic drugs: Study
INDIAN pharmaceutical companies are expected to grab a significant slice of the huge export market for generics that is likely to build up in the next five years in the wake of a large volume of drugs expected to go out of patent by ... More

Pharma majors in race for painless insulin
INSULIN sans the tears and the pain could well be the stuff of medical fantasies. That is just the dream that the who's-who of the pharma world is chasing. The good news for the millions of insulin-pricking Type 1 diabetics is that in a few ... More

POWER


E-payment of power bills
BILLDESK and Central Power Distribution Corporation of Andhra Pradesh Ltd have partnered to introduce electronic bill payment service for the latter's customers. The service has been branded as CPDCL BillDesk. This new facility allows consumers ... More

STEEL


Steel output up 6.4 pc in April-Aug
THE total production of finished steel during April to August this fiscal has been provisionally estimated at 140.75 lakh tonnes, up 6.4 per cent as compared to the output of 132.25 lakh tonnes during the same period last year. The total ... More

TAXATION


State Govts urged to peg entertainment tax at 45 pc
THE Information and Broadcasting (I&B) Ministry has requested the State Governments to try and bring down the entertainment tax to about 45 per cent. Speaking to newspersons, the I&B Minister, Mr Ravi Shankar Prasad, said, "A sub-committee ... More

TEXTILES


Pdexcil seeks steps to boost exports
THE decentralised powerloom sector is apprehensive that the exports from the powerloom sector may decelerate during the current year due to the prevailing adverse factors including the hardening rupee which the sector says would render powerloom ... More

SSI


Steel shortage hits SSIs hard
SMALL-scale engineering units in Chennai and surrounding areas have been hit with a shortage of steel following the continued closure of the Steel Authority of India Ltd stockyard here, according to industry sources. Small industries' ... More

Looking beyond honey
The SME segment is looking for more value from IT and is eyeing CAD/CAM solutions. More

RADIO/TV


Authority for cable TV mooted
MADURAI: The Cable Operators Guild, a city-based organisation, has demanded that the State Government should form a separate authority for regulating the activities of cable television industry. Mr S. Pandi, Secretary of the Guild has ... More

CARS


Sept cars sales up 12.8%
HELPED by higher sales of Maruti and Tata Motors, car sales grew by 12.8 per cent in September 2003. Lower interest rates on car loans and lump sum price offs continued to enthuse consumer demand in the period. Car sales went up to 56,764 ... More

HANDLOOM


Subsidy for handloom sought
MADURAI: The Madurai Urban District Unit of the Centre of Indian Trade Union (CITU) has urged the Central and State Governments to extend subsidy for handloom goods and tax relief on hank yarn to help the handloom weavers in the city to ... More

JUTE


Jute exchange hit by membership feud
Senior members of the exchange are still grappling with the problem and seeking legal advice on how to solve the crisis. More

CINEMA


Film cover yet to gain flavour
"The products will do well in the future, with the corporatisation of film-producing firms. Ten films have come up for insurance. The Tamil Nadu Film Producers Association had come forward to discuss the product with United India". More

DISINVESTMENT


AP Cabinet clears sale of four sugar co-ops
THE Cabinet Sub-committee has approved the sale of four cooperative sugar units in the State after the Commissioner and Director of Sugar and Registrar of Cooperative Societies on Tuesday gave their assent for sale. However, the sale of the ... More

FOREIGN DIRECT INVESTMENT


22 FDI proposals worth Rs 22 cr cleared
THE Government today cleared 22 foreign direct investment (FDI) proposals envisaging inflow of Rs 21.76 crore. This included a Rs 12.16-crore plan by an Australian company, Techino Pty to transfer shares from resident to non-resident shareholders ... More

IPR


Task Force formed to check piracy in film, music sectors
"The task force will not take cases of piracy and counterfeiting on individual company basis but will campaign at the national level", Dr Mitra said. More

A systematic way to innovation?
IS an invention a chance happening, serendipity or, as the saying goes, "99 per cent perspiration and one per cent inspiration"? Can an innovation be approached and achieved? A Belgium company says, it has developed a method called CREAX ... More

HUMAN RESOURCES


`Look at East to evolve theories on HR issues'
"IN today's environment, providing a humane context to the workplace, creating an environment for teamwork, managing aspirations and empowering employees at all levels would be the critical differentiator for businesses. We need to look at the ... More

LABOUR REFORMS


Child labour on decline in AP?
CHILD labour in Andhra Pradesh is gradually coming down, thanks to the steps initiated by the State Government and voluntary efforts of NGOs, even though the State still has the dubious distinction of being the number one in the country in this ... More

EVENTS


Meet on Factories Act
MANGALORE: The Kanara Chamber of Commerce and Industry (KCCI), in association with the Kanara Small Industries Association (KSIA) and the District Small Industries Association (DSIA), will conduct an interactive meeting with the Director ... More

SACH charity show
HYDERABAD: SACH, Save A Child's Heart Foundation, a charitable organisation providing medical aid to children from the lower socio-economic groups with heart disease is organising a premier show `Finding Nemo' on October 19 at the Prasad's ... More


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Top Stories
Pharma majors in race for painless insulin


What ails pharma PSUs?

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In Focus
Cola Controversy
The Cable tangle
Indo-China Relations
Telecom Competition
Oil PSUs: Disinvestment dilemma
In Depth
Swati CA
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance

Looking back
Oct. 5-Oct. 11
Asian currencies: New global scapegoats

Engg goods post 53 pc growth — Gems exports fail to shine in Apr-May

`VAT is the key for economic growth'

8 pc GDP growth possible this year, says Lahiri

Oilmeal exports may top 35 lakh t

Project finance: Investors are still playing safe

`India, Thailand need to widen trade basket'

8% growth target difficult without reforms: NCAER

Protecting the migrant workers' interests

Rise in global prices, demand for exports — Fall in cotton prices likely to be capped


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