Financial Daily from THE HINDU group of publications
Thursday, June 09, 2005
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INDUSTRY & ECONOMY

SOAPS & DETERGENTS


Getting into a lather
HLL is leaving no stone unturned to set its detergent brands apart in the highly competitive segment. More

CLIMATE & WEATHER


Opening monsoon `pulse' fizzles out
THE inaugural monsoon `pulse' has been declared dead, with seasonal moisture-carrying winds from the sea failing to measure up for the second day running on Wednesday. Dr A.B. Majumdar, Deputy Director-General, India Meteorological Department ... More

INVESTMENTS


Online investing in non-equity products on the rise
ONLINE investing, once synonymous with the equity market, is slowly but surely expanding to other investments as well. Mutual funds, post office savings and insurance products are some of the other products that online investors are now ... More

ECONOMY


In terms of per capita GDP — Karnataka, Bengal fastest growing States
RANKED by per capita GDP in 1993-94, the top five States were Punjab, Maharashtra, Haryana, Gujarat and Tamil Nadu, in that order. By 2001-02, 10 years into the reforms, per capita GDP in Maharashtra was only Rs 300 per year less than per ... More

CII survey finds robust growth in key sectors except manufacturing
THOUGH Andhra Pradesh recorded robust growth in key sectors such as information technology and agro-based industries during 2004-05, its manufacturing sector was hit by increasing raw material costs, dwindling profit margins and growing ... More

Centre's borrowing to fund Tenth Plan exceeds target
THE Centre's borrowing to finance the Tenth Plan (2002-07) has so far been higher than the target even though the debt swap scheme has helped reduce the overall debt. "More than 86 per cent of the resources raised in the first four years ... More

Capital goods industry not faring well
DESPITE the pride of place accorded to it from the beginning of planned industrial development in the mid-1950s, the domestic capital goods industry is not faring too well. Its products are unable to compete on price and/or quality with China, ... More

ENVIRONMENT


Coke scheme to clear garbage in Hyderabad
HYDERABAD: Coca-Cola India in association with the Municipal Corporation of Hyderabad (MCH) and the Jubilee Hills Civic Exnora (JHCE) has taken up a scheme to make Hyderabad a garbage free zone. A pilot project was launched in the ... More

FOREIGN TRADE


Australia hints at FTA with India
THE Australian Foreign Minister, Mr Alexander Downer, on Wednesday hinted at the possibility of India and Australia entering into a Free Trade Agreement (FTA). Addressing a press conference here the Minister felt that it was "perfectly ... More

HEALTH


Health study in Punjab shows high pesticide residues in blood
High levels of pesticide residues have been found in blood samples of the people of the State. A study by the Centre for Science and Environment (CSE), a New Delhi-based research and advocacy organisation, has found six to 12 types of pesticide ... More

Iraqi kids operated on at Parumala hospital
DOCTORS at the St Gregorious Cardiovascular Centre at village Parumala in Pathanamthitta district, part of a telemedicine network of Dr K.M. Cherian's Frontier Lifeline, has successfully carried out open heart surgeries on three Iraqi children. ... More

Robot for heart surgeries
HYDERABAD: Care Hospitals in Hyderabad has acquired a surgical robot called daVinci system, to step up its capabilities in heartcare. It would be the second such system in the country, with a New Delhi hospital already having one, the ... More

PETROLEUM


ONGC commissions Mumbai-Uran trunk pipeline
THE 504-km long Mumbai High-Uran trunk pipeline was commissioned by Mr Subir Raha, Chairman and Managing Director of the Oil and Natural Gas Corporation (ONGC), on Wednesday. He operated a valve at the control room of the MNW platform at Mumbai ... More

Customs duty anomalies `affecting' Avi-Oil's growth
ANOMALIES in the Customs duty structure are restricting the growth of Avi-Oil India Ltd in the fast growing civil aviation market. A joint venture of Indian Oil (25 per cent), Balmer Lawrie (25 per cent) and NYCO SA of France (50 per cent) , ... More

PHARMACEUTICALS


An Indian twist to Pfizer's blockbuster epilepsy drug
THE race to get a piece of Pfizer's blockbuster epilepsy drug Neurontin in the US market is beginning to have an Indian sub-plot. Multinational generic companies, such as Teva and Alpharma, have already launched their version of the same drug ... More

POWER


NLC to go ahead with Jayamkondam project on its own
Forming a joint venture company for the project would have required various clearances and involved issues like corporate guarantees. More

AP CM's fiat to Genco
HYDERABAD: The Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed Andhra Pradesh Power Generation Corporation (AP Genco) to take up the 1,600 MW Super Critical Thermal Power Plant at Krishnapatnam in Nellore district. He has ... More

TAXATION


Cash transaction tax — Withdrawals from different bank branches not to be clubbed
THE Finance Ministry has made it clear that cash withdrawal from different branches of a bank on a single day would not be aggregated (clubbed) for the purpose of levy of banking cash transaction tax (BCTT). Similarly, cash receipts on ... More

WATER


Ambitious plan for 24-hour piped water in twin cities
TWIN city residents can expect the unexpected — 24-hour drinking water supply by 2008 — if the plans of Hyderabad Metro Water Supply and Sewerage Board (HMWSSB) go well. The board has launched a pilot project in Kukatpally, ... More

COAL


MMTC bid to import coal for NTPC plant hits `rail'block
MMTC Ltd's bid to import through Haldia dock about five lakh tonnes of steam coal from Indonesia in 2005-06 to meet the requirement of Farakka super thermal plant of National Thermal Power Corporation (NTPC) has run into rough weather. The ... More

RADIO/TV


Child's play
With kids' TV channels mushrooming, advertisers have more options now. With viewership doubling, this genre is also pulling in more non-traditional advertisers. Catalyst does some channel surfing. More

Tooning in
Children's desire to own the characters they see in cartoon shows presents a big opportunity for toy manufacturers, media groups and retailers. More

EDUCATION


TASMAC announces new programme
TRAINING and Advanced Studies in Management and Communications Ltd (TASMAC) on Wednesday announced the launch of Association of Business Executives (ABE) programmes. The programme offers students an opportunity to study the first two years of ... More

MEDICAL INSTITUTIONS & HOSPITALS


Fortis healthcare plans to go national
FORTIS Healthcare Ltd, a Ranbaxy promoter group company, is planning to go national and set up hospitals across the country. This is a slight shift from its earlier plan of dominating the north India market. Speaking to Business Line, ... More

RURAL DEVELOPMENT


CUSAT expertise to aid traditional industry workers
COCHIN University of Science and Technology (CUSAT) has proposed to utilise its expertise by converting its School for Rural Development and Appropriate Technology (SORDAT) into Centre for Rural Development and Appropriate Technology to help ... More

EVENTS


ITPO to put Coimbatore on global exhibition map
COIMBATORE, which is the export hub of the hosiery and engineering industries in western Tamil Nadu, will be put on the international exhibition map with the India Trade Promotion Organisation (ITPO) agreeing to put the city on its international ... More

EXPORTS & IMPORTS


Relief for oleoresin units as ban on light berries pepper import goes
THE Director General Foreign Trade (DGFT) has lifted the ban on import of black pepper (light berries) under advance licence scheme by the oleoresin industry, which has been facing serious raw material shortage following its imposition. The ... More

Spices export down in April, seen sliding this fiscal
"Given the current trend in spices exports, value-added products such as ground spices, spices oil and oleoresins were the real drivers." More

TOURISM


Tourism sector did well despite tsunami: Survey
THE business outlook survey carried out by the Confederation of Indian Industry (CII), Southern Region, has revealed that the tourism sector posted the highest growth of 25 per cent last year, followed by chemicals and fertiliser, coir, rubber ... More

Kerala Tourism bids to upgrade pilgrim centres
AS part of its efforts to improve infrastructure in tourist destinations in the State, Kerala Tourism is chalking out a plan to upgrade facilities at important pilgrim spots. The tourism department, in association with the temple, mosque or ... More



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Top Stories
Opening monsoon `pulse' fizzles out


In terms of per capita GDP — Karnataka, Bengal fastest growing States

Health study in Punjab shows high pesticide residues in blood

Infosys to expand consulting arm

Banks sight treasury gains

Philips has biggest base among consumer durable brands: Survey

Equity funds scaling up FMCG holdings

Relief for oleoresin units as ban on light berries pepper import goes

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
May. 29-Jun. 4
Concessional import quota for edible oils, corn unchanged

CII against job quotas in pvt sector

NACO's figures on AIDS kick up storm

Tax on cash withdrawals takes effect

Household assets: Ownership pattern

CSIR body projects 34 pc deficit rainfall in June

ACC, Aditya Birla cos post higher cement shipments for May

J&J to bring in new line of treatment for blood cancer

Campco wins order to export arecanut to Pak

Mines Ministry against disinvestment of Nalco

Hatchet to come down on indirect tobacco advertising


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