Financial Daily from THE HINDU group of publications
Tuesday, June 14, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


`No cause for panic on monsoon'
EVEN as the southwest monsoon continues to lie dormant over Goa where it was traced last five days ago, weathermen say there is nothing to panic and that this is only one of the many stages of evolution of the seasonal weather system over land. ... More

ECONOMY


Trade to GDP ratio tops 25 pc
While both exports and imports have grown faster than GDP, the overall growth in exports has outpaced the growth in imports. More

Himachal Pradesh woos AP investors
THE Himachal Government has embarked on a mission to woo investors in sectors such as hydel power generation, biotechnology, IT and food processing. It is targeting investments worth Rs 25,000 crore by 2007. So far, 400 proposals estimated ... More

ENGINEERING


Load testing tech for cranes
BANGALORE: Fafeco Engineers Pvt Ltd, which manufactures cranes and material-handling equipment, is introducing a load testing technology from its partner Water Weights, a division of IMES Ltd of the UK. Using water weights, which are ... More

FOREIGN TRADE


CII team in Kazakhstan
NEW DELHI: The Confederation of Indian Industry will send a seven-member delegation to Kazakhstan to represent India at the Asia's Society's International Business Conference from June 14 to 16. Titled `Kazakhstan draws a new wave of ... More

UK trade team to woo Hyderabad industrialists
IN a reversal of trend, the United Kingdom Trade and Investment (UKTI), is all set to target corporates, especially from Hyderabad to lure them to set up operations back home in the UK. Mr Mark Dolan, the Deputy Head of Investment for India, ... More

PETROLEUM


Call for hiking investment limit of ONGC Videsh
Though the investment limit was increased from $50 to 70 million last year, ONGC believes that such low limits have little relevance to the high value oil and gas sector. More

POWER


NTPC vies for parallel supply licence in Korba
THE Rs 26,000-crore National Thermal Power Corporation (NTPC) is vying for a parallel distribution licence for supplying power to retail consumers in Korba, Chhattisgarh. The State-owned generation utility is in the process of getting clearances ... More

PFC okays Rs 750-cr loan for Nagarjuna thermal project
POWER Finance Corporation, the lead banker for the thermal power project of Nagarjuna Power Corporation Ltd at Padubidri in Udupi district, has sanctioned a loan of Rs 750 crore to the project, according to a Nagarjuna Power release here on ... More

Upper Sileru generation
HYDERABAD: About 200 MW of power is being generated at the Upper Sileru project from Monday, following the approval from the Central Electricity Authority (CEA) to deplete Balimela reservoir levels. The Transmission Corporation of Andhra ... More

TAXATION


FIEO seeks tax waiver on services consumed abroad
THE Federation of Indian Export Organisations (FIEO) has made a case for adoption of "place of supply rules" for the purpose of levy of service tax. The federation has said that services supplied outside India should not be subjected to service ... More

SSI


SSI production up 8 pc, exports rise 21 p c
THE number of registered small-scale industrial units in the country went up from 13.75 lakh units in 2001-02 to 14.68 lakh units in 2002-03, according to the Third All India Census of Small-Scale Industrial Units. Unregistered units too ... More

FOODS & FOOD PROCESSING


W. Australian apple growers moving processing to Chennai
APPLE import trade from Australia has taken a step forward with some of the growers from Western Australia shifting post-harvest processing to the buyers here. Rather than the conventional exports of apples in branded packs, growers now prefer ... More

REAL ESTATE & CONSTRUCTION


Ceebros to enter hospitality sector with `ecotel'
THE RAINTREE marks the entry of the Rs 75-crore real estate development company Ceebros Group into the hospitality sector. The Rs 40-crore, 105-room five star business hotel, which is scheduled to open by July-end, has been positioned as an ... More

Mega housing project from Ceebros
ON Oakshott, Ceebros' mega housing project in the heart of the city, Mr Reddy said all sanctions have been received from Government agencies concerned. The Ceebros group had purchased the 47.63-ground property in an auction from the Income Tax ... More

Plumbing new depths in construction
PLUMBING Seminar and Expo 2005, the global gathering of plumbing professionals, commenced here today with a call to create awareness on the crucial role played by plumbing in building services. Speakers at the seminar, which commenced here ... More

FOREIGN DIRECT INVESTMENT


Maran upbeat on US cos investing in India
THE Union Communications and Information Technology Minister, Mr Dayanidhi Maran, is upbeat about attracting US hardware and telecom equipment manufacturers to India. He says that a number of these companies are seriously looking at Chennai as an ... More

EVENTS


CVC, Vote India to conduct workshop on indirect taxes
VOTE India, an alliance of civil society groups, and the Central Vigilance Commission (CVC) will organise a two-day workshop on reforming the Central Excise Department here from Wednesday. The workshop, titled `Plucking feathers without ... More

EXPORTS & IMPORTS


RBI panel for hike in foreign currency export credit rates
THE Reserve Bank of India's (RBI) Working Group to review export credit has recommended that the interest rate for foreign currency denominated export credit be increased by 0.25 percentage points. However, it has also suggested that the rupee ... More

Imported refined soya oil declines
IMPORTED refined soya oil moved down, while groundnut oil ruled firm on the local edible oils market on Monday on limited buying interest amid continued inflows of imported oils. Castor oil ruled weak on continued offerings. Castor seed August ... More

TOURISM


Hong Kong records 14 pc rise in Indian tourist arrivals
INDIAN visitors made a significant contribution to Hong Kong's growth in tourist arrivals for the month of April, which saw an increase of 11.9 per cent or 1.93 million arrivals. Indian arrivals for the month grew by 14.2 per cent at 29,029 ... More


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Top Stories
W. Australian apple growers moving processing to Chennai


SSI production up 8 pc, exports rise 21 p c

Trade to GDP ratio tops 25 pc

Jindal Vijayanagar may raise $500 m to fund expansion

RBI panel for hike in foreign currency export credit rates

STT, Telekom Malaysia plans fail to get approvals — Idea Cellular deal falls through

SCI Q4 net jumps to Rs 611.13 cr

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
Jun. 5-Jun. 11
Waking up to the pollution threat

Assocham pitches for rural home loans at 6 pc interest

Cotton imports may slow down: USDA

Monsoon brings copious rains in Kerala

TN scraps entrance test for professional courses

`Bumper quarter' likely for pharma cos

Power sector remains area of concern: Plan panel

Car sales up 13 pc in May; 2-wheelers increase 22 pc

Biotech industry revenues cross $1 b; Biocon retains top spot

High net worth individuals in India up 14.6%: Study

Ma Foi survey points to job market slowdown

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

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

Opening monsoon `pulse' fizzles out

Health study in Punjab shows high pesticide residues in blood

`Indo-Thai FTA may hurt domestic cos'


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