Financial Daily from THE HINDU group of publications
Friday, November 07, 2003
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INDUSTRY & ECONOMY

ECONOMY


PMO for early harvest of results on reforms
EVEN as the National Democratic Alliance (NDA) Government has been accused of suffering from reform fatigue for its sluggish pace in implementing unfinished economic reforms, the authorities have zeroed in on a list of identified thrust areas to ... More

FERTILISERS


`Monsoon effect' yet to kick in for urea producers
IT is tempting to attribute the good showing by companies manufacturing urea in the quarter ended September to the "monsoon" effect. But a closer look at the numbers suggests that leading companies such as Tata Chemicals, Indo Gulf Fertilisers ... More

FOREIGN TRADE


Hungary keen to extend tech tie-ups in Defence, power
Mr Medgyessy said his country could extend technical cooperation in Defence, power and construction industry, apart from its known areas of agro-processing, textiles and engineering. More

POWER


APGenco units commissioned
ANDHRA Pradesh Power Generation Corporation Ltd (APGenco) on Wednesday night commissioned and synchronised with the grid two, 325 KW capacity each, hydel power units installed near Peddapalli in Karimanagar district on Kakatiya canal. On Monday ... More

Overseas lenders serve notice on Govt over Dabhol claims
OVERSEAS lenders have begun the process for claiming over $171 million besides costs and expenses from the Dabhol power project. The lenders on Thursday served a notice on the Indian Government for failing to fulfil its obligation of protecting ... More

STEEL


Steel price rise: Govt won't step in
THE Union Government on Thursday said that it would not intervene to check the rising steel prices as they are "market driven". "The Government has no role to play in controlling steel prices... they are market-driven. But I have appealed to ... More

TAXATION


HC grants interim stay on notification on tax tribunal
The Calcutta High Court has stayed, till November 11, the notification of the National Tax Tribunal (NTT), constituted by the Union Government through an Ordinance promulgated by the President on October 16. On an application filed by Mr Amar ... More

TEXTILES


Textile technology upgradation fund term gets extended
THE Cabinet Committee on Economic Affairs (CCEA) has given its nod for extending the term of the Technology Upgradation Fund Scheme (TUFS) up to March 31, 2007. The scheme was scheduled to close on March 31, 2004. A proposal to enlarge the ... More

SSI


`SSIs must work with academic institutions'
SMALL-scale industries (SSIs) should take the benefit of academic institutions in their area for research and development activities, the Chairman of the National Institute of Technology Karnataka (NITK), Mr N. Vinay Hegde, has said. He was ... More

WATER


Kerala reiterates opposition to interlinking of rivers
KERALA has reiterated its stiff objection to the proposal for interlinking of rivers, which it said was heavily loaded against its interests. Speaking at the National Water Convention in Bhubaneshwar, the State Minister for Water Resources, Mr ... More

Raw deal to TN on Cauvery, says CM
The State Government has held several rounds of discussions with Karnataka to no avail. More

RADIO/TV


DD plans to seek redress on cricket clippings usage by private channels
PIRACY and copyright infringement is not only rampant in music and films but is also catching up in the broadcasting sector. And cricket seems to be the first victim. According to the CEO of Prasar Bharati, Mr K.S. Sarma, the national ... More

EDUCATION


Expanding the reach, here and abroad
XLRI, Jamshedpur, has mounted a special effort to tap the international arena, an attempt that is set to add to its presence in the Middle East and other promising locations. The business school, based in Jamshedpur, is particularly optimistic ... More

Ensemble @ XLRI
IT is open season for XLRI, which will soon host Ensemble, its annual management fest targeted at the B-School student fraternity. This year, the usual fare is supplement by a few key additions. The 2003 affair will be bigger - and richer - ... More

Satellite-based classrooms
XLRI's association with Hughes Escorts Communications, aimed at offering satellite-based management programmes, is well into its second year of operations. The initiative, which leverages the company's network and services, is branded DirecWay ... More

GEMS & JEWELLERY


Dubai's Topline Tech launches jewellery management system
THE Dubai-based Topline Technologies has entered the Indian market with its Jewellery Management System (JEMS), a solution aimed at jewellery wholesalers, retailers and manufacturers. Announcing this, Mr Prabhakar Achar, MD, said the software ... More

INDUSTRY ASSOCIATIONS


CII (SR) moots State-specific policy for manufacturing
THE CII (Southern Region) has urged every State in the South to have its own manufacturing policy that addresses procedural problems specific to that State. Briefing presspersons, the Chairman of CII (Southern Region), Mr K.K.M. Kutty, ... More

DISINVESTMENT


Naik offers to sell 12-15 pc Govt equity in IOC, ONGC
THE Petroleum Minister, Mr Ram Naik, has offered to sell 12-15 per cent of Government equity in Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) in the capital markets to help bridge the fiscal deficit. According to ... More

WTO


WTO projections say recovery in global trade doubtful
THE latest WTO projection of world merchandise trade growth at 3 per cent, basically unchanged from the last year's rate, has belied the hope for a rapid recovery in international trade this year following the near stagnation of trade flows in ... More

RURAL DEVELOPMENT


RBI group favours micro finance fund
AN autonomous and professionally managed `National Micro Finance Equity Fund' may be set up with contributions from banks in order to promote micro finance in the country. Side-by-side, `An innovation fund for research & development' may also be ... More

LABOUR REFORMS


Cabinet defers decision on Unorganised Workers' Bill
THE Union Cabinet has deferred its decision on the Unorganised Sector Workers' Bill that seeks to extend minimum wages and other social benefits to labourers in 122 sectors. The Bill has been sent back to the Ministry of Labour for ... More

EVENTS


Ricardo Semler to conduct seminar in Mumbai
MR RICARDO Semler, President of Brazilian marine and food processing machinery maker SEMCO, and whose approach in empowering employees has brought his company success, will deliver his first-ever full-length seminar in India on November 12 in ... More

EXPORTS & IMPORTS


Exports through Kochi port up in September
EXPORTS of some of the major commodities through the Kochi port have shown an upward trend during September this year with an increase of over 4,000 tonnes compared to August. As per the figures available with the Cochin Chamber of Commerce and ... More

TOURISM


ICCI to hold trade and tourism fair in Fort Kochi
THE Indian Chamber Trade and Tourism Fair 2003, an exhibition of consumer and imported products, organised by the Indian Chamber of Commerce and Industry will be held at Fort Kochi from December 26, 2003 to January 4, 2004. The event, to be ... More
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