Financial Daily from THE HINDU group of publications
Wednesday, August 11, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

CLIMATE & WEATHER
Rain measuring mission to be extended
THE Tropical Rainfall Measuring Mission (TRMM) will be extended through the end of 2004, reversing an earlier decision taken by NASA, the purveyor, to decommission the satellite. TRMM has provided data used worldwide in the monitoring and ... More

PENSION PLANS
New pension schemes for port workers, seafarers in the offing
NEW pension schemes are in the offing for major port workers and seafarers, according to the new maritime policy drafted by the Shipping Ministry. Efforts would be made to introduce a regular pension scheme for seafarers in consultation with ... More

ECONOMY
Ministry, RBI to jointly tackle inflation, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, has said that the Ministry of Finance and the Reserve Bank of India would take concerted action to control the spiralling inflation that reached 7.51 per cent last week. "Action can be taken in a ... More

Ministry not worried over interest outgo
THE Finance Ministry does not see its interest payments outgo during the current fiscal to go way beyond the Budget estimate of Rs 129,500 crore. This is despite the coupon rates on its recent market loans going up significantly in line with ... More

FERTILISERS
`Potassic fertilisers must be given more subsidy'
FERTILISER manufacturers should look at the possibility of diverting a part of the Rs 15,000-crore subsidy to encourage the use of potash-based fertilisers, said Mr Satish Chander, Joint Secretary, Union Agriculture Ministry. He said that a ... More

FOREIGN TRADE
CII show in Thailand to promote international trade
IN the backdrop of an India-Thailand free trade agreement (FTA) in September, over 70 Indian companies are visiting Thailand under the aegis of the Confederation of Indian Industry (CII) during the next few days to display their products and ... More

`Identify sectoral strengths to gain from multilateral trade talks'
THE Union Commerce Minister, Mr Kamal Nath, has asked the Indian industry to identify the sectoral strengths for the future to enable the trade negotiators to obtain the best possible outcomes for the country in multilateral trade talks. He ... More

INFRASTRUCTURE
Kerala Chamber's plea on projects
THIRUVANANTHAPURAM: The Chamber of Commerce, Thiruvananthapuram, has expressed concern over the fate of the proposed satellite railway station at Kochuveli in the suburbs as also that of the Vizhinjam transhipment port. According to Mr ... More

PETROLEUM
Soaring crude prices — ONGC nets big gains
ONE man's meat is another man's poison. And this adage can well apply to the domestic oil industry. The recent spike in global oil prices has helped Oil and Natural Gas Corporation (ONGC) flourish and the public sector oil marketing companies ... More

GSPC strikes oil at Ahmedabad block — Value put at over Rs 1,000 cr
GUJARAT State Petroleum Corporation Ltd (GSPC) has struck oil at its Ahmedabad exploration block (CB-ONN-2001/1) at Dholka where it has a 50:50 joint venture with Gail (India). The initial oil in place (OIP) estimates has been put at 50 million ... More

Petroleum, Shipping Ministries in row over Transchart
THE Ministries of Petroleum and Shipping appear to have once again locked horns over the issue of Indian oil companies trying to by-pass Transchart, the chartering wing of the Shipping Ministry. This comes in the wake of serious attempts being ... More

Air India gets nod for hedging fuel needs
A LONG-STANDING demand of Air India to hedge its fuel requirements has been met, according to the Chairman and Managing Director, Mr V. Thulasidas. Speaking at a function to formalise a strategic tie-up with Lufthansa, Mr Thulasidas, however, ... More

GAIL plans Rs 800-crore coal gassification plant at Ranigunj — Shell to provide technology
GAIL (India) Ltd has firmed up plans to set up a Rs 800-crore coal gassification plant at Ranigunj-Dhanbad coal belt in a joint venture with Royal Dutch Shell. The project is the first of its kind in the country. Talking to Business ... More

GAIL (India) keen to pick up equity stake in HPL
Clearing all doubts, GAIL (India) Ltd has announced that it is still eager to take up an equity stake in Haldia Petrochemicals Ltd (HPL) for which it is willing to invest whatever funds are required. At a press conference on Monday, Mr ... More

GAIL plans Rs 4,500-crore gas pipeline to connect UP, Bengal
GAIL (India) Ltd plans to build a Rs 4,500-crore gas pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal. The 870-km-long pipeline with a capacity to carry 20 million cubic metres natural gas per day will serve as one of the 15 ... More

Myanmar allows GAIL-OVL team to take part in exploration
THE Myanmar Government and Daewoo have agreed to allow participation of an Indian consortium in the exploration of the A3 exploration block, according to an official release. The consortium consists of GAIL (India) Ltd and ONGC Videsh Ltd ... More

PHARMACEUTICALS
Fluctuating drug prices: Call for a holistic view
THE Union Chemicals and Fertiliser Minister, Mr Ram Vilas Paswan walks a mine-field as he attempts to "clean up" the inconsistencies in medicine prices across the country. As attempts are on to put a fix on who makes money on the medicines ... More

TAXATION
Chidambaram may address Settlement Commission members today
THE Finance Minister, Mr P. Chidambaram, is likely to address members of the Settlement Commissions here on Wednesday. Sources said that the meeting might lead to discussions on the status of large revenue yielding cases that are pending before ... More

TEXTILES
Meet on hi-tech weaving in Coimbatore
COIMBATORE: A meet on Government- sponsored `Hi-Tech Weaving Parks' will be held here on Wednesday under the aegis of the regional office of the Textile Commissioner, Coimbatore and the Powerloom Development and Export Promotion Council ... More

RADIO/TV
FM radio cos may be allowed to re-apply under new norms
The Information and Broadcasting (I&B) Ministry is looking at the possibility of allowing the existing licence holders to surrender their licences and re-apply for the same metros under the new FM radio policy. Highly placed Government sources .. More

IBF sub-committee set up to look into broadcasting issues
THE Information and Broadcasting (I&B) Ministry's proposal of setting up an independent regulator and piloting a new Broadcast Bill has prompted the board of the Indian Broadcasting Foundation (IBF) to set up a sub-committee to look into ... More

Kerala suspends MoU
THIRUVANANTHAPURAM: The State Government has decided against acting on a memorandum of understanding it had signed with a Chennai-based company for installing a string of FM radio transmitters to broadcast educational programmes based on ... More

EDUCATION
Knowledge is costly
These children sitting on the windowsill of a school bookstore in Kochi may be oblivious of the fact that higher education in Kerala is turning costlier by the day. The writing on the wall above them (Kindness costs nothing) remains an empty ... More

Core fluency thesaurus
Kochi: A dedicated fluency building thesaurus in English titled Core Fluency Thesaurus (CFT) focussing solely on the vocabulary needs of those who are trying to achieve a high degree of fluency was released here by the author Prof Kev ... More

FOODS & FOOD PROCESSING
Talks on food processing in Kerala
KOCHI: A foreign food processing company representatives held first round talks with Kinfra officials for the possibility of investment opportunities in the food processing sector in Kerala. The discussions were focused on the processing ... More

REAL ESTATE & CONSTRUCTION
Panel to study AP builders' woes
HYDERABAD: The Hyderabad Urban Development Authority (HUDA) has agreed to set up a sub-committee to look into the problems being faced by the builders. The committee comprising Planning officials would recommend measures to sort out the ... More

READYMADE GARMENTS
Think global, garment manufacturers told
THE ready-made garment manufacturers need to develop a global perspective to profit from the potential that would emerge with the setting in of the WTO regime in a few months from now, the Deputy Director of the Textile Committee, Madurai, Mr R. ... More

SCIENCE & TECHNOLOGY
Award for NGRI scientist
HYDERABAD: Mr S. Narayana, Scientist at the National Geophysical Research Institute (NGRI), here has won the 15th IETE Hari Ramji Toshniwal gold medal, instituted by the Institution of Electronics and Telecommunications Engineers (IETE), ... More

DISINVESTMENT
Keltron Counters privatisation in a decisive stage
THE privatisation of Keltron Counters Ltd has reached a decisive stage with the Alukkas group having technically qualified. The financial bid is yet to be opened and if the group makes the grade in that too, Keltron Counters may become the ... More

SMALL SAVINGS
Left TUs to protest against EPF rate cut
The Left trade unions would meet to chalk out a combined strategy for nationwide protest against reduction in the rate of interest payable on employees' provident fund deposits. However, the formal date is yet to be finalised. The Central Board ... More

WTO
India Inc urged to participate in WTO tariff line discussion
THE framework agreement in Geneva on July 31 is an important stepping stone for future round of trade negotiations, and from the point of view of developing countries like India, enormous flexibility has now been ... More

IPR
Technical talk on patents in Thiruvananthapuram
THIRUVANANTHAPURAM: The Kerala State Centre of the Institution of Engineers (India) is hosting a technical talk on `How to obtain and maintain a patent in India' here on Wednesday. Mr R.S. Praveen Raj, Examiner of Patents and Designs, ... More

SOCIAL WELFARE
AP: Aid for weaker section housing programmes
THE Union Minister of State for Urban Development and Poverty Alleviation, Ms Selja, has extended financial support to Andhra Pradesh's weaker section housing programme, the State Road Transport Corporation, solar lighting in municipalities and ... More

RURAL DEVELOPMENT
Kerala steps to clear files by year-end
THIRUVANANTHAPURAM: The Local Administration Department is moving in the direction of clearing by the year-end all pending files in its various offices. Announcing this here, an official spokesman said that, `file adalat' was held here on ... More

EVENTS

  • In Hyderabad today

    EXPORTS & IMPORTS
    Q1 cashew exports up
    CASHEW kernels exports have increased by Rs 150 crore on rising demand and prices during the first quarter of this fiscal to Rs 542.33 crore. In terms of volume, there has been an increase of 7,666 tonnes to 28,857 tonnes from 21,191 tonnes ... More

    TOURISM
    2-day tourism meet in Mangalore
    MANGALORE: A two-day national seminar on "Emerging trends in tourism sector" will be held at Srinvas College of Hotel Management in Mangalore from August 13. Mr Abhijith Mukherjee, Principal of the college, told presspersons here on ... More

    Aviation, tourism inter-ministerial group to be set up
    A major dispute between the two is over the Tourism Ministry refusing to pay commercial rents for the space being used by it at international airports. More

    ECONOMIC OFFENCES
    SDG warning system for Vijaya Bank
    VIJAYA Bank has selected SDG Software Technologies to install BankAlert, an early warning system to detect money laundering, fraud and out-of-profile behaviour of customers and accounts. Mr Suheim Sheikh, Managing Director, SDG Software, said ... More




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

  • Top Stories
    GAIL (India) keen to pick up equity stake in HPL


    TRAI calls for telecom ombudsman

    GTB scrip manipulation — SEBI probe to focus on old suspects

    Plastic money boosts retail spend

    GSPC strikes oil at Ahmedabad block — Value put at over Rs 1,000 cr

    FM radio cos may be allowed to re-apply under new norms

    Govt to set up single window body for GM crops

    Looking back
    Aug. 1-Aug. 7
    No restrictions on availing both Cenvat, exemption routes

    BIMSTEC enlarges scope beyond economy, trade

    ITES, software exports up 31 pc in 2003-04

    Buffalo meat exporters bullish as Saudi lifts ban

    Indian textile cos feel the pinch of high power costs

    Trade with China inching towards $10-b mark

    Concerns over poor monsoon have receded: Chidambaram

    Oil Ministry lukewarm to PSUs diversification — ONGC plans may be hit

    CBEC asks Customs to refrain from unilateral action on EPCG cases

    Cotton prices may plunge further

    SC ruling on Pan masala, gutkha: Health bodies to approach Centre for ban

    WHO strikes at Ranbaxy now

    Medical transcription back in demand

    IMD plans district-level updates

    Govt backs desi pharma cos despite WHO salvo

    Textile stocks in limelight

    Edible oil prices softening; imports may gather momentum

    Govt considering hike in natural gas price


    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