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Saturday, April 09, 2005

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New trade initiatives unveiled
BOWING to sustained pressure exerted by the exporters on the issue of taxing the proceeds of the sale/transfer of a specific export promotion scheme, the Union Commerce and Industry Minister, Mr Kamal Nath, today announced that at the behest of ... More

Dabhol: Govt okays guarantee to FIs
THE Cabinet Committee on Economic Affairs (CCEA) on Friday approved a proposal for furnishing a guarantee to domestic financial institutions (FIs) for settling the dispute with various stakeholders of the 2184 MW Dabhol power project. "We are ... More

HLL to sell tea plantation biz to subsidiaries
IN the second major move of its kind in the tea industry, Hindustan Lever Ltd, has announced plans to sell its entire tea plantation business, comprising gardens and factories in Assam (Doom Dooma Division) and Tamil Nadu (Tea Estates Division), ... More

Rolls-Royce back in India with Phantom
ROLLS-ROYCE Motor Cars today marked its return to India after a gap of 50 years, launching its Phantom super luxury sedan in the city. The car is expected to cost Rs 3.5 - 4 crore and the company hopes to sell 7-8 units a year through its ... More

Private equity cos invest over $66 m in IT sector
PRIVATE equity firms invested over $327 million (Rs 1,400 crore) in 30 Indian companies during the quarter ended March 2005. According to data from TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide, ... More

Inflation falls on cheaper non-food items
THE annual wholesale price index-based inflation dropped marginally to 5.05 per cent during the week ended March 26, from 5.11 per cent during the previous week. The year-on-year inflation fell by 0.06 per cent, mainly on account of a fall in ... More

Why tea firms are exiting plantation operations
FOR the major tea companies in India, producing tea in bulk no longer appears to be attractive due to high costs, huge manpower and extremely low competitiveness. As a result, two companies have opted out of plantation activity. Instead they ... More

Tech stocks crumble under selling pressure
THE bears continued their march as the markets declined on Friday as selling pressure continued to dominate the trend. The BSE Sensitive Index fell for the fourth day in the last five trading days to close at 6479.54, down by 66.10 points; the ... More

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