Financial Daily from THE HINDU group of publications
Friday, April 16, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

CLIMATE & WEATHER
IMD predicts 100% normal monsoon
The country is set to have a `100 per cent' normal south-west monsoon this year, with the India Meteorological Department (IMD) today releasing a long range forecast that is even more bullish than the one it made for 2003. According to the IMD ... More

MET SIGNS
Excess summer rain in north Kerala
A latter-day surge has helped the northern districts, which had to bear the brunt of this year's harsh summer in the early stages, turn in a pleasant surprise by recording `excess' summer showers for the season ... More

CEMENT
Cement stocks gain on quarterly result hopes
CEMENT companies' shares were back in limelight on Thursday on expectations of good quarterly results due to firm cement prices during the January-March quarter, brokers and analysts have said. In today's trading, the ACC stock gained 2.60 ... More

Cement output, despatches up
CEMENT production in the country increased by 5.46 per cent during 2003-04 to 117.43 million tonnes (mt), against 111.35 mt recorded in the same period the previous year. According to the provisional figures compiled by the Cement ... More

ECONOMY
Global economy growth rate pegged at 3.7 pc
THE world economy is expected to grow by 3.7 per cent this year which is basically the continuation of a strong pace of recovery that started in the second half of 2003, according to a group of 100 economists from 60 countries meeting at the ... More

Population in Kerala greying fast, says study
KERALA is `greying' at a pace almost double the overall rate of growth in population, in the process beating some of the developed countries to it. During the 1950s, less than six per cent of the population of the State was aged 60 years or ... More

FOREIGN TRADE
Asia-Pacific trade team to visit Pakistan
A HIGH-POWERED CACCI (Confederation of Asia-Pacific Chambers of Commerce and Industry) business delegation is visiting Pakistan from April 15 to 22 with the objective of promoting business cooperation between CACCI countries. The 10-member ... More

HEALTH
Ind-Swift to launch anti-diarrhoeal drug
IND-SWIFT Laboratories will be launching an anti-diarrhoeal molecule, Nitazoxanide, for the first time in Asia. This is the first molecule approved by the FDA in 40 years for Gardia, a parasite that causes diarrhoea. It will be the only ... More

  • Osmania Hospital gets immune count machine for AIDS

    HOTELS
    Delhi hotels spring back with high occupancy
    IN Delhi, it is not only the mercury which is soaring northwards these days. Almost all the major hotel chains in the Capital have been reporting high occupancy rates during the current month and the future seems to be only looking better. "The ... More

    PSU
    `Poor PSU performance drag on State finances'
    THE dismal health of State finances in the country is largely due to the poor financial performance of the State public sector undertakings (PSUs) which need to "go a long way" to ensure a modicum of returns on the huge capital sunk, according to ... More

    POWER
    LIC extends Rs 6,500-cr line of credit to NHPC
    LIFE Insurance Corporation (LIC) on Thursday sanctioned a line of credit of Rs 6,500 crore to National Hydro-electric Power Corporation (NHPC). "This is the highest ever tie-up for NHPC from a single lender to meet funding requirement through ... More

    Lower rates to save Rs 100 cr for new power projects in Bengal
    NEW power projects coming up in West Bengal are set to reap a bonanza by way of lower costs on account of the reduction in interest costs recently effected by the Union Power Ministry. Power sector sources said that with the Ministry deciding ... More

    STEEL
    Ministry eases steel supplies to SSIs
    THE Ministry of Steel has decided that the small-scale industries corporations (SSICs) which are interested in procuring iron and steel material from primary steel producers in the private sector such as Ispat, Essar and Jindal Vijaynagar Steel ... More

    SSI
    Kerala SSIs hope to cash in on ethical platform
    KERALA had all along been harbouring a negative reputation for the high cost of its labour. Now the State has been able to cash in on what was earlier perceived as a liability in the high costs of its products into an asset. The B2B meet ... More

    WATER
    AP CM reiterates promise on Godavari projects
    THE Telugu Desam is committed to taking up the Polavaram and Icchampalli projects on the Godavari to make full use of the river waters and both the projects will be components of the plan to form a national river grid linking the Ganga and ... More

    RADIO/TV
    Cricket series: DD seeks details of revenue benefits of Ten Sports
    THE India-Pakistan cricket series may be drawing to an end but the dispute between Ten Sports and Doordarshan is far from over. National broadcaster Prasar Bharati on Thursday sought details of the revenue benefits to Ten Sports as a result ... More

    EDUCATION
    Promoting Indian education abroad
    Ed. CIL is upbeat about its aggressive marketing of the India brand in higher education this year. More

    IIM-B files affidavit in SC over fee cut issue
    THE Indian Institute of Management, Bangalore (IIM-B), filed an affidavit on Thursday before the Supreme Court opposing the Union Human Resource Development Ministry's order to reduce the institute's admission fee to Rs 30,000 from Rs 1.50 lakh. ... More

    GEMS & JEWELLERY
    Gem & jewellery exports surge by 31 pc
    GEM and jewellery exports, which account for one-fifth of the country's exports in value terms, surged by 31 per cent during the fiscal year 2003-04 to touch $ 11.99 billion against $ 9.14 billion recorded during the previous year. In rupee ... More

    INDUSTRY ASSOCIATIONS
    Assocham proposes long-term fiscal policy
    THE Associated Chambers of Commerce and Industry of India (Assocham) has proposed a long-term fiscal policy for a minimum period of five years to provide stability in the fiscal system. In a note submitted to the Government, the chamber has ... More

    GENDER
    Empowering women on Pune shopfloors
    THE new chief of the Confederation of Indian Industry's (CII) western region, Mr Pradeep Bhargava, has a challenging mission ahead of him this year. Along with the Vice-Chairperson, Mr Rahul Kirloskar, who is also Director, Exports at ... More

    EVENTS

  • NIIT organises career fair at Hyderabad

    ALTERNATIVE MEDICINES
    `No mention of safed musli in Ayurveda texts'
    SAFED Musli, a medicinal plant, which has shot in to popularity of late as a lucrative crop encouraging farmers in the southern States to take up its cultivation extensively, does not seem to find a place in the Ayurvedic scriptures as a ... More

    TOURISM
    Kurnool to get tourism boost with Rs 6-cr projects
    KURNOOL district, which is home to the popular tourism sites such as the Belum caves, Srisailam and Mantralayam temples, will have several infrastructure projects worth Rs 6 crore in this financial year that are expected to enhance tourism ... More

    PEOPLE

  • Karvy CMD is FICCI (AP) chief



    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line

  • Pick a Winner Stock Market Contest

    Top Stories
    Price war bruises HLL margins


    Gem & jewellery exports surge by 31 pc

    Infosys `set to take on global giants'

    `Near neutral El Nino favours good monsoon'

    Uncertainties can push gold to $450/oz

    Elections and agriculture: Poor crop of plans and policies

    Looking back
    Apr. 4-Apr. 10
    Why businessmen are leaving Bihar

    US March job growth at four-year high

    Coir exports may touch Rs 400 cr this fiscal

    ONGC made six finds in 2003-04

    A to Z of scams

    World trade may rise 7.5 pc: WTO economists

    Sustained rise in steel use seen

    Consumer electronics: Price war hotting up

    Drought hits tea production in South

    Congress vision document promises higher growth

    It's raining jobs in small towns

    Global bodies endorse Indian cos' AIDS drugs

    `Rising rupee could cause flight of deals'

    Demand flows for corn; exports may top 10 lakh t

    Leather exports have breached $2-b mark: Council

    ONGC to invest Rs 2,500 crore in Mumbai High

    Bollywood calls for the means to a fund

    Textile exports may fall short of targeted $13 b


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line