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Tuesday, March 16, 2004

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INDUSTRY & ECONOMY

CLIMATE & WEATHER
MET SIGNS
Rains in central Kerala
RAIN or thundershowers occurred at isolated places in the State on March 12 and 14 in what is being widely perceived as the first few episodes of the eagerly awaited summer showers. Dry weather prevailed on March 11 and 12, says the Agromet ... More

INVESTMENTS
Investors still prefer bank deposits, Govt savings schemes: Study
THE typical Indian investor is a creature of habits. Bad ones, if you go by the findings of a review by Cholamandalam Distribution Services (CDS), conducted to grasp the common man's attitude towards financial management. It has underlined ... More

BUDGET
No fresh taxes in Bengal's vote-on-account
THE West Bengal Finance Minister, Dr Asim Kumar Dasgupta, on Monday moved a vote-on-account for the first four months of 2004-05, presenting a thumb-nail sketch of the State's finances for the next fiscal. He refrained from making any new ... More

CHEMICALS
Concern over transportation of ammonia in Kochi
THE transportation of hazardous materials through the heavily congested roads in Kochi has become a matter of major concern to the people. Numerous seminars and conventions held in the city have highlighted this aspect and called upon the ... More

ECONOMY
Rural, core sector hold key to growth: Assocham
LONG-TERM growth in the economy can only be brought about through the development of the rural and infrastructure sectors. This sentiment was echoed by the newly elected President of the Associated Chambers of Commerce and Industry (Assocham), ... More

FOREIGN TRADE
`Indians investing in US a good trend'
DR S. Narayan, Economic Advisor to Prime Minister, today stressed upon the increasing trend of Indians investing in the US, which is adding employment, providing goods and services and also pushing exports. This, he believes, would be an ... More

BSF fiat on Indian Customs House Agents at Petrapole — Govt says present practice will continue for time being
PETRAPOLE Land Customs Station (LCS), after going through its customary hiccups over a recent BSF notification not allowing Customs House Agents (CHAs) on the Indian side to cross the border for handing over customs documents, is limping back to ... More

HEALTH
Ranbaxy gets tentative USFDA nod for hypertension drug
RANBAXY Laboratories Ltd has received tentative approval from the US Food and Drug Administration (USFDA), Office of Generic Drugs, to manufacture and market Quinapril Hydrochloride tablets used for the treatment of hypertension. The tablets ... More

NIN facility for Vitamin A analysis
A NATIONAL facility for analysis of Vitamin A using a technique called dry blood spot would be inaugurated at the National Institute of Nutrition (NIN) here by the Director-General, Indian Council of Medical Research (ICMR), Prof N.K. Ganguly, on ... More

PETROLEUM
BPCL to halve product offtake from Reliance
BHARAT Petroleum Corporation Ltd (BPCL) has decided to cut by half its product offtake from Reliance Industries Ltd's Jamnagar refinery in the coming fiscal. According to BPCL officials, Indian Oil Corporation's (IOC) decision to convert the ... More

Kochi Refineries signs production pact with BPCL
KOCHI Refineries Ltd (KRL) has signed a memorandum of understanding with Bharat Petroleum Corporation Ltd regarding capacity utilisation and other production and performance parameters. The MoU envisages a crude thruput of 7.55 million tonnes ... More

POWER
REL to call for gas supply bids for UP power project
RELIANCE Energy has decided to buy natural gas for its proposed 3,500 MW power plant at Dadri, Uttar Pradesh by calling for international competitive bids. "Despite large in-house natural gas reserves in the Reliance Group, REL has decided to ... More

Kayamkulam plant grid affected — Bund to keep seawater at bay
A HIGH-LEVEL meeting of officials convened here by the Chief Minister, Mr A.K. Antony, has decided to initiate crack measures aimed at preventing seawater intrusion into the system that feeds the National Thermal Power Corporation's (NTPC) ... More

STEEL
Steel body, auto sector meet discusses volatility
THE Society for Indian Automobile Manufacturers (SIAM), the Auto Component Manufacturers' Association (ACMA) and the Indian Steel Alliance (ISA) have agreed on a five-point agenda to address issues relating to the availability and volatility of ... More

HR, CR steelmakers' pact for working group
THE hot rolled (HR) steel producers and the cold rolled (CR) steel producers have reached an agreement to set up a joint working group that will meet once a month and evolve a formula based on which prices of HR steel will be determined. In a ... More

SSI
`Entrepreneurship education a must for SMEs'
ENTREPRENEURSHIP education is an essential component needed for the small and medium enterprises (SMEs) in Kerala to withstand the challenges of globalisation. Such an education is necessary as it would enable the entrepreneurs to ask the ... More

New tech upgrade scheme for SSIs
TO bolster the technology and competitive strengths of the small-scale industries (SSIs) in the country, the Union Ministry of SSI, has decided to aggressively push its Credit Linked Capital Subsidy Scheme (CLCSS), which has a corpus of Rs 600 ... More

BREWERIES
Seagram knocks out Royal Challenge from top slot in AP
SEAGRAM has claimed that its Blenders Pride has toppled Shaw Wallace & Co (SWC)'s Royal Challenge as the largest selling premium whisky in Andhra Pradesh. The development, though in a single market, is seen as significant since Royal Challenge . More

RADIO/TV
SC asks Ten Sports to offer feed to DD for second ODI
WILL Doordarshan be able to telecast the second one day international between India and Pakistan to be held at Rawalpindi on Tuesday? Though the Supreme Court today directed Ten Sports to share the signals of the match with the national ... More

Disney upbeat on India, plans to launch channel
MR Andy Bird, President, Walt Disney International, held a meeting with Mr Ravi Shankar Prasad, Union Minister of State for Information and Broadcasting, and evinced an interest in investing in the Indian entertainment sector. In his ... More

EDUCATION
NITIE slashes fees to Rs 30,000
THE city-based NITIE (National Institute of Industrial Engineering), which is administered by the Ministry of Human Resources Development and is fully funded by the Government, has brought down its fee in line with the recent Government decision, ... More

Association of British Scholars to be inaugurated
THE British Deputy High Commissioner in South India, Mr Stuart Innes, will inaugurate the 21st chapter of the Association of British Scholars (ABS) in the country here on March 22, says a press release issued by the British Deputy High ... More

TBM Tech package for schools
BANGALORE: TBM Technologies, a Coimbatore-based IT company providing software solutions to educational institutions, has launched Power School in Karnataka. Power School is a software package with modular solutions to handle issues like ... More

  • Technoquiz for engg students

    GEMS & JEWELLERY
    Gem & jewellery may face long-term Chinese threat: ICRA
    China has rapidly become the world's second largest diamond manufacturing centre, in manpower terms. More

    Is jewellery the next outsourcing boom?
    THE J.C. Pennys and the Wal-Marts are looking to source from India not just textiles, but jewellery as well. Mr Marzin R. Shroff, President (Marketing), Suashish group, a leading exporter of polished diamonds says that there is an opportunity ... More

    MEDICAL INSTITUTIONS & HOSPITALS
    Kedia, Kamineni sign MoU for telemedicine
    KEDIA Infotech Ltd (KIL) has tied up with Kamineni Hospitals to provide medical services to card-holders as value-added services. A memorandum of understanding (MoU) was signed by the CEO of KIL, Mr Ashok Kumar Kedia, and Dr K. Shashidhar, ... More

    CINEMA
    Get ready to watch: A joint feature film by India, Pakistan
    AFTER cricket it is celluloid's turn to celebrate the new found impetus to Indo-Pak relations, a joint feature film by the two countries indicated on the cards. "Several MoUs are likely to be signed between the two sides," said Mr Sajjad Gul, ... More

    GENDER
    CII (SR) bid to empower women
    THE Confederation of Indian Industry (CII), Southern Region, had over the past few months initiated a series of measures for women empowerment, market linkage for self-help groups (SHG), vocational training course and livelihood programmes to ... More

    DISINVESTMENT
    ONGC cut-off price at Rs 750; mops up Rs 10,534 cr
    THE Government has fixed a cut-off price of Rs 750 per share for the sale of its 10-per cent equity in Oil and Natural Gas Corporation (ONGC) through a public offer, which closed on March 13 with the mop-up touching Rs 10,534 crore. The largest ... More

    We're now more confident of tapping capital markets: Shourie
    THE overwhelming investor response to the six public offers would enable the Government approach the capital markets with much better confidence in future, the Disinvestment Minister, Mr Arun Shourie, said. "One of the many things we have ... More

    EVENTS
    `India must avoid protectionism in accountancy'
    THE President of the International Federation of Accountants (IFAC), Mr Rene Ricol, wants India to refrain from embracing protectionist policies in the accountancy and auditing sector. "Be confident in yourself. You don't need to take a ... More

  • In Hyderabad today

    ALTERNATIVE MEDICINES
    Legal opinion on Jeevani patent yet to emerge, says Dr Valiathan
    THE Executive Vice-President of the Kerala State Council for Science, Technology and Environment, Dr M.S. Valiathan, has said that he was not sure if the herb `Arogyapacha', rights to which are being contested by US-based companies, could be ... More




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    Top Stories
    HLL bid to Excel in shampoo segment


    Rural, core sector hold key to growth: Assocham

    Satyam plans large campus in Chennai

    `Indians investing in US a good trend'

    NITIE slashes fees to Rs 30,000

    We're now more confident of tapping capital markets: Shourie

    Metaphor for India's backwardness

    Welcome moves on foreign banks

    Looking back
    Mar. 7-Mar. 13
    Indo-Pak series: HC orders notices to Ten Sports, TRAI

    Mid-sized pharma cos dream big

    French cheese to vanish from Indian tables — Fall-out of ban on cattle treated with prostaglandin

    Micro finance: Preparing for a major thrust

    American jobs data bring bad news for India

    NPPA reduces prices of 34 bulk drugs

    ICICI Bank bets on micro-finance — Ties up with Microcredit Foundation

    Another swanky residential complex beckons Mumbaiites

    Global crude oil prices may stay high

    Fee cut issue: HRD Ministry may dismiss IIMA Society

    Govt hopes to mop up Rs 1,50,000 cr through divestment

    NDTV readies IPO; sees competition from DD

    Sugar import likely as domestic output dips

    Industrial growth up 7.4 pc in January

    `Indian switchover to flat TVs will be faster'

    `India can become hub of machinery manufacturing'

    Car sales up 73 pc in Feb — Two-wheelers too have a good ride

    Patent cases againt Dr Reddy's, Ranbaxy — `Pfizer's victory not to impact Indian generics'


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