Financial Daily from THE HINDU group of publications
Thursday, May 05, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Wet weather likely to hold for a few more days
THE wet weather in parts of the southern peninsula brought about by an upper air cyclonic circulation, alternatively yielding place to a trough of low extending .9 km above sea level and located to the south of Kanyakumari, has continued to ... More

ANTI-DUMPING


Dumping probe on EPDM imports from 4 countries
THE Designated Authority in the Commerce Ministry has initiated an anti-dumping probe on all imports of ethylene-propylene-non-conjugated diene monomer (EPDM) rubber from the European Union, the US, China and Brazil. EPDM is a synthetic rubber ... More

CEMENT


Seminar on `innovative concrete' in Mangalore
THE Kodagu Dakshina Kannada and Udupi Engineers' Association will conduct a seminar on `Innovative concrete' in Mangalore on May 7. Addressing presspersons here on Wednesday, the convenor of the seminar committee, Mr A. Vishnu Bhat, said ... More

CONSUMER ELECTRONICS


DVDs' dizzy growth
EVEN as the bulk of the consumer electronics industry is struggling with single-digit growth rates, it is the action in the fast growing DVD player market which has caught the attention of major players. The past year has seen the market ... More

CORPORATE


Uttaranchal, UP wooing tourists at Gulf fair
Indian participation at ATM 2005 is the largest to date with149 delegations and 11 States participating. More

ENGINEERING


Meet on construction equipment sourcing in Hyderabad
THE National Academy of Construction (NAC) and NAC Infrastructure Equipment Ltd (NACEIL) will jointly organise a national seminar on `Equipment Sourcing Solutions for the Construction Industry' on May 7. The seminar would focus on key issues ... More

INFRASTRUCTURE


RITES bags Rs 294-cr projects in Orissa
THE Indian Railways' consultancy arm, RITES Ltd on Wednesday announced that it has bagged three contracts in road consultancy & construction supervision in Orissa totalling about Rs 294 crore. They include Special Rural Connectivity Programme .. More

Rs 900 cr for panchayat roads in AP
THE State Government is planning to spend Rs 900 crore on panchayat roads and office buildings during the year, of which Rs 150 crore is to be earmarked for internal roads in villages. All the Assembly constituencies will get Rs 2 crore for a ... More

Pune citizens form pressure groups to force administration into action
POORLY maintained roads, an infrastructure that is on the verge of collapse, traffic conditions that make a mockery of safety norms, rising pollution and now, a daily four-hour load shedding. Pune city, which is being promoted as the next ... More

POWER


Guidelines for choice of power distributors by June
CONSUMERS may soon be able to choose the utility they would like to draw their electricity from. The power regulatory establishment across the country has set itself a deadline of June 2005 for finalising the distribution open access norms for ... More

STEEL


Orissa signs pact for setting up 8 small steel plants
THE Orissa Government today signed memorandum of understanding with as many as eight private companies interested in setting up small steel plants in the State. The companies with which agreements were signed are Patnaik Steels and Alloys Ltd, ... More

VSP records Rs 435-cr turnover
VISAKHAPATNAM: The Visakhapatnam Steel Pant (VSP) has achieved a turnover of Rs 435 crore during April this year, up by 7 per cent, as against Rs 407 crore in the same month last year. Hot metal production stood at 3,45,045 tonnes, ... More

TAXATION


`Traders need not fear VAT return audits'
REGISTERED dealers can now breathe easy on the issue of scrutiny of value added tax (VAT) returns. The State-level VAT departments are likely to take up only about 10 per cent of the returns for scrutiny, according to Mr Ramesh Chandra, Member ... More

SSI


Cabinet clears Bills on SEZs, SMEs
THE Union Cabinet today cleared the Special Economic Zone (SEZ) Bill, according to the Information and Broadcasting Minister, Mr Jaipal Reddy. The Bill seeks to provide a fiscal package, including a 15-year income tax holiday, to units in ... More

Dutch firm offers free consultancy services to SMEs
PUM, a Netherlands-based organisation of experienced retired professionals, has offered free consultancy assistance to small and medium organisations in the country. At a meeting organised here by the Indian Chamber of Commerce & Industry, Mr ... More

EDUCATION


Gujarat HC strikes down rule on IIM admissions
THE Gujarat High Court has struck down a rule that allowed students whose colleges are not affiliated to the Association of Indian Universities (AIU) to take the Common Admission Test (CAT) but debarred them from admission to the Indian ... More

Reliance WebWorlds to be virtual classrooms for XIMB course in Bhubaneshwar
THE WebWorld outlets of Reliance Infocomm will serve as virtual classrooms for a post-graduate programme of the Xavier Institute of Management, Bhubaneshwar (XIMB) XIMB's one-year post-graduate certificate programme in business management will ... More

New courses at IIT-Kharagpur
THE Indian Institute of Technology - Kharagpur, the oldest and largest of IITs in the country, today announced that its Vinod Gupta School of Management (VGSOM) is set to introduce two new programmes in the next academic year starting July ... More

DNA Training Academy to be set up in Hyderabad
The academy would design and run courses to create awareness on the use of DNA fingerprinting as a tool with multiple uses in legal, scientific and health sectors. More

CARS


More Asians want wheels
A GLOBAL online survey on car ownership and purchase intentions conducted recently by ACNielsen reveals that people in Asia are the most `aspirational' when it comes to car ownership in the next 12 months when compared with their American ... More

CONSULTING


Hay Group to conduct study on pay packages of top executives
HAY Group, a human resources management consultancy firm, is launching a six-month study on top executive compensation practices in the Asia-Pacific region. According to a press release, the study will cover more than 500 companies with either ... More

REAL ESTATE & CONSTRUCTION


AP Govt to conduct land survey
THE State Government has taken up a massive exercise to conduct a comprehensive land survey in the State and increase value of land at realistic levels. In an interview to Business Line, Mr Dharmana Prasada Rao, Minister for Revenue, ... More

LEATHER


Shoe is on the other foot
PER capita consumption of footwear hardly increased at all between 1987 and 2000. Both village and city folk still bought about 0.12 pairs of shoes or boots per capita per year. For leather slippers/chappals, the position was somewhat better. ... More

Leather sector hopeful of $4-b exports by 2010
However, the industry's plea for separate drawback rates for leather woven mesh/mats and leather woven belts/braids has not been considered, Mr Ahmed said. More

CINEMA


ING Vysya to help screen, promote Telugu film
MARKING a new beginning in film production in the country, the Telugu film industry has tapped corporate help in screening and promoting a film. ING Vysya, a leading private life insurance company, has joined hands with A&N Digital Fusion ... More

FOREIGN DIRECT INVESTMENT


IBM among 29 FDI proposals cleared
THE US-based IBM's proposal to set up a wholly-owned subsidiary in India through its Hong Kong-based subsidiary IBM Products AP Ltd for undertaking trading activities involving foreign direct investment (FDI) worth Rs 65.5 crore was among the ... More

SOCIAL WELFARE


Rs 42 cr sanctioned under SGRY for Kerala
THIRUVANANTHAPURAM: The Centre has sanctioned Rs 41.48 crore to 14 districts of the State under the Sampoorna Grameen Rozgar Yojna (SGRY) as assistance. An official spokesman said here that the grant is towards plan expenditure and will ... More

EVENTS


Machine tool meet to focus on growth-related issues
MORE than 400 delegates from all over the country will be participating in the three-day Machine Tool Summit to be held in Goa from May 6 to 8. The summit will be inaugurated by Mr Surinder Kapur, Chairman and Managing Director, Sona Koyo ... More

EXPORTS & IMPORTS


Drop in shipments to US affects pepper exports; down to below 15,000 t
With Vietnam offering pepper at competitive prices, much of the market hold has been lost. More

EU may scan all spices import for harmful dyes
EUROPEAN Union authorities are keen to impose strict checks on all spices for any dye that could be harmful if consumed by humans. EU authorities are asking all member-states to follow the British lead and ensure that all categories of spices ... More

FIEO welcomes Ministry move on drawback rates
THE Federation of Indian Export Organisation (FIEO) has welcomed the Finance Ministry's move to express drawback rates in ad valorem terms. This would encourage value added exports and result in higher per unit realisation, according to ... More

NATURAL CALAMITIES


World Bank gives aid for tsunami-hit TN, Pondy
It would help in the reconstruction of public buildings and revival of livelihoods of people involved in fisheries and agriculture. More
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Top Stories
TRAI to propose zero entry fee, introduce rollout obligation for 3G services


SBI joins race to tap mid-corporates

Turnover, volumes dip on bourses

IBM among 29 FDI proposals cleared

Drop in shipments to US affects pepper exports; down to below 15,000 t

`Common Man' to endorse Air Deccan

JNPT's channel deepening project — Finance Ministry rejects proposal for Govt equity participation

In Focus

Know your health
Cash Transaction Tax
Fringe Benefit Tax
Using forex for infrastructure
Soaring sugar prices
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In Depth
Insurance Corner
Simple Economics
Tax Talk
NRIs & Investment Avenues
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Looking back
Apr. 24-Apr. 30
`Biotech industry needs to address regulation, funding issues'

Kamal Nath hints at `hire and fire' in special economic zones

Despite rising costs, paint sector may post 5-15 pc topline growth

Now, KPO in patents

`Average earner is risk averse'

Small cars continue to rule the sales chart

Freight market dips, but shipping firms buoyant

Ginger exports cross 13,000 t

'Commercial use of fly ash can reduce pollution threat'

Global demand for eco-lodges expected to rise by 10 pc

ESCAP pegs India's GDP growth rate at 7.5 pc

Traditional items boost export growth in April-Jan

Tea exports from South rise in 2004

Time-of-day power tariffs on the anvil

Spices exports rise 18 pc in 2004-05

Indians top `intending car buyers' list across Asia


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