The Hindu Business Line : Thursday, October 16, 2003

Stage set for 2nd monsoon
THE India Meteorological Department (IMD) has formally announced that the southwest monsoon has withdrawn from the entire country as of Wednesday. This will pave the way for the onset of the northeast monsoon, also called reverse monsoon, ... More

ECONOMY

Image makeover for TN sought
TAMIL Nadu as a State and Chennai as a destination have been undersold and that situation has to be rectified, especially when a lot of pro-active selling is being undertaken by most State Governments, according to Mr Romi Malhotra, CEO and ... More

TN CM confident of 8 per cent growth rate — Plans to set up textile, horticulture missions
THE Tamil Nadu Government plans to launch missions on textiles and horticulture, and also constitute a small farmers agri-business consortium. The proposed textile mission will identify new thrust areas while the horticulture mission will focus ... More

FERTILISERS

Tunisia keen to invest in fertiliser sector
TUNISIAN Minister of State for Foreign Affairs, Mrs Saida Chtioui called on the Minister for Chemicals and Fertilisers, Mr Sukhdev Singh Dhindsa in New Delhi here on Wednesday. The Tunisian Minister discussed the possibility of investing in ... More

FOREIGN TRADE

Indian industry urged to invest in W. Asia free trade zone
INDIAN industry with a range of manufacturing, services and trading activities could immensely benefit by establishing a presence in the most advanced and largest free trade zones in West Asia, the Ajman Free Trade Zone of the United Arab ... More

PSU

Govt announces one-time package for sick PSUs
BASED on the recommendations of the Group of Ministers on payment of outstanding statutory dues and salary/wages of the employees of the Central Public Sector Undertakings (CPSUs) and other issues, the Union Cabinet today decided to extend ... More

PETROLEUM

Petrol, diesel prices cut
THE state-owned oil marketing companies on Wednesday reduced the retail prices of diesel by around 65 paise per litre and that of petrol by 70 paise per litre. Interestingly, the prices have been reduced at a time when global prices of the ... More

Govt receives 14 bids for 8 CBM blocks
THE second round of offerings under the Coal Bed Methane (CBM) policy has attracted 14 bids for eight exploration blocks. The bids have been received from companies like ONGC, GAIL (India) Ltd, Coal India Ltd, Mudra Ispat, Great Eastern Energy ... More

Hasten cautiously in oil sector divestment
THE proposed break-up of Indian Oil Corporation and privatisation of its retail-marketing with a vast network of retail sales points across the country defies logic and a rationale. More so when it is a star performer ... More

Kochi Refineries on modernisation path
THE detailed feasibility report (DFR) for the second phase of modernisation of Kochi Refineries Ltd (KRL), upgradation of auto fuels to Euro III quality and capacity expansion to 10 million tonnes per annum (MTPA) involving a total investment of ... More

PHARMACEUTICALS

Pharma export up 21pc, says report
PHARMACEUTICAL exports from India have crossed the five-digit figure in the financial year 2003, having clocked exports worth Rs 11,925 crore, according to the Directorate-General of Commercial Intelligence and Statistics (DGCIS). This ... More

POWER

BSES gets 50 offers for power purchase plan
BSES Ltd has received around 50 responses to its tenders for purchase of surplus power from independent power producers and captive power plants across the country amounting to around 2,000 MW. Mr Anil Ambani, Chairman and Managing Director, ... More

BSES to introduce pre-paid power
BSES Ltd plans to introduce pre-paid power meters in Mumbai within the "next few months". The project will be the first of its kind in India. The meters will enable retail consumers to buy power according to their budget and will also ensure ... More

Transco buying power for crops
THE Transmission Corporation of Andhra Pradesh (APTransco) is purchasing 200 MW from other States and overdrawing up to 300 MW from the Central Power Sector at a cost of Rs 1.5 crore per day to save the standing crops, according to State Minister ... More

SSI

KSIA urges Govt to bring down power, tax rates
THE Kanara Small Industries Association (KSIA) has said that various policies of the Government, high tariff on power and taxation rates have affected small-scale industries (SSIs) in Karnataka. In a memorandum addressed to the Chief ... More

New Oracle product for small businesses
ORACLE India on Wednesday announced the roll out and availability of Oracle Standard Edition One in India along with its global launch that seeks to address the database management needs for unique and yet challenging needs of small and ... More

RADIO/TV

Rs 500 cr for Prasar Bharati's DTH project
IN a bid to expand television network coverage to remote and hilly regions of the country, the Cabinet Committee on Economic Affairs (CCEA), today sanctioned Rs 500 crore to be used over a five-year period to Prasar Bharati's direct-to-home (DTH) ... More

EDUCATION

Maritime degree course launched
FOR the first time in India, a unique polyvalent maritime sciences degree course, which covers both the navigation and engineering arms of maritime studies, was inaugurated at the Marine Engineering and Research Institute at Mumbai by the Union ... More

REAL ESTATE & CONSTRUCTION

VCs may be allowed to invest in real estate
The committee said the gold refinery industry was mainly governed by unorganised refineries and these refineries need funds for their growth and development. More

Prestige group launches new township project
BANGALORE-BASED property development major, Prestige Group, on Wednesday launched one of its biggest township projects — `Prestige Ozone' which will come up on initially 35 acres near ITPL here at an investment of Rs 200 crore, Mr Irfan ... More

Expo on building construction in Mangalore
MANGALORE: The Transport Minister, Mr B. Ramanath Rai, will inaugurate "Design Universe", a three-day exhibition of building materials, architecture, and interior design products, in Mangalore on October 17. The expo is being organised ... More

METALS

BCCI drive to project metals industry role in revival of East
THE Bengal Chamber of Commerce & Industry (BCCI) has sought to project the role of the metals industry in the resurgence of the East. Towards this end, the chamber is organising a one-day seminar on `The role of the metals industry in the ... More

SCIENCE & TECHNOLOGY

Resourcesat-1 launch tomorrow
RESOURCESAT-1, the country's most advanced remote sensing satellite to date, is all set to be launched on October 17 from Sriharikota. Also called IRS-P6, the 1.3-tonne satellite will provide one of the best spatial resolutions in the world in ... More

WTO

CPM urges Centre to consolidate gains from WTO
MANGALORE: The State Secretary of CPM, Mr G.N. Nagaraj, has asked the Union Government to take a lead in rallying the developing nations to consolidate on the gains from Cancun talks. Addressing presspersons here on Wednesday, he said ... More

IPR

Call for special courts on IPR issues
WITH the global emphasis on intellectual property rights growing, India should focus on training a good number of judges in IP-related issues and set up special courts, manned by specialised judges, to deal with the issues. Addressing the ... More

Rs 120 cr set aside to update patent offices
THE Union Government has earmarked Rs 120 crore for upgradation of infrastructure and integration of the National Patent offices across the country and give them a corporate look, according to Mr Ch Vidyasagar Rao, Union Minister of State for ... More

EVENTS

Jaitley to open Made-in-India show in China
THE Union Commerce and Industry Minister, Mr Arun Jaitley, is to inaugurate the four-day `Made-in-India' show which opens in Beijing on October 16. In a statement, the Confederation of Indian Industry (CII), which is organising the show along ... More

Interactive meet on Factories Act
MANGALORE: The Director of Factories and Boilers in Karnataka, Bangalore, Mr K.G. Krishnappa, has said that the Directorate of Factories and Boilers was playing the roles of friend, philosopher, and guide to entrepreneurs in the State. ... More

Training on fire control

Hyderabad Engagements

Central Warehousing trade meet at Coimbatore

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