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Sunday, January 02, 2005

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Tata Power bets on coal-based projects
AT a time when other power producers are considering natural gas as a replacement for costly oil, Tata Power Company has decided to bet big on coal. The company hopes to invest Rs 40,000 crore in thermal power plants — the smallest with ... More

Sugar prices: Not a sweet beginning for food industry
THE year has not begun on a sweet note for the food industry. Sugar, a key ingredient in a number of food products including biscuits, confectionery, colas, chocolates and other desserts, has seen a sharp price spurt over the last few days. ... More

Amid buoyancy, tsunami strikes sober note
THE corporate sector soared to new profit levels, the stock indices touched record highs and the rupee surged against the dollar in a year that also drove home-grown companies to look beyond the country's shores for growth. The year 2004 will ... More

25 shipping cos opt for tonnage tax
NEARLY 25 companies, accounting for 85 per cent of the country's merchant ships, have opted to pay tonnage tax. As on December 31, the last day for filing applications, almost all major shipping companies hadsigned up for the new tax regime. ... More

AI posts cumulative loss of Rs 75.23 cr in Apr-Oct
AIR India Ltd has registered a cumulative loss of Rs 75.23 crore during the period April-October 2004. The company had registered a profit of Rs 4.55 crore during the corresponding period in 2003-04, official sources said. The loss suffered by ... More

H1 fiscal deficit down 24.5 per cent
THE Centre's finances appear to be in a much better shape this year, with the fiscal deficit during April-November 2004, at Rs 70,717 crore, being 24.5 per cent lower than the Rs 93,656 crore figure for the corresponding eight months of ... More

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