Financial Daily from THE HINDU group of publications
Wednesday, June 15, 2005
Markets (July 25)
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India Inc scores high on hiring prospects in Q3, says survey
INDIAN employers are the most upbeat about hiring prospects in their companies during the third quarter of 2005, according to a global survey on employment patterns by businesses in 23 countries by global staffing firm Manpower Inc. The ... More


Take up bio-diesel plantation: AP CM
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed officials to take up bio-diesel plantation with jatropha in 40,000 hectares on a trial basis during the current year in the 10 districts of rain shadow area. He was ... More

Indian model for solar energy promotion hailed
THE first four-day South-South Redco (Rural Energy Delivery Companies) Exchange Programme began at Dharmasthala village in Dakshina Kannada district on Tuesday with the international delegates favouring the Indian model, where financial ... More


Commerce Ministry to review dumping duty on caustic soda
The Authority has noted that increase in cost of sales was more than the selling price leading to a decline of profits of the domestic industry. More


Entries called for FAPCCI awards
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has called for entries for the 88th edition of the awards programme. Announcing the programme, Mr O.P. Goenka, President, said that there would be 20 ... More


Capexil seeks Rs 5,000-crore fund to upgrade technology
THE Chemicals and Allied Products Export Promotion Council (Capexil) has sought a Rs 5,000-crore technology upgradation fund for the mineral sector. At a seminar here today in which the Union Minister of State for Industry and Commerce, Mr ... More


Himachal Ski Village project `makes some progress'
HIMACHAL Ski Village, the tourism project of Alfred Ford, great grandson of Henry Ford, has achieved some progress with the Himachal Pradesh Government giving the critical `Section 118 clearance' for setting up 300 cottages. The section of the ... More


ONGC row with IFFCO, GSFC on dues recovery deepens
THE tussle between ONGC and the two fertiliser companies - the Gujarat State Fertiliser Corporation (GSFC) and the Indian Farmers Fertiliser Co-operative Ltd (IFFCO) - on recovery of dues has intensified. The oil and gas major has ... More


PM urges trade panel to chalk out plans to boost ties with US
AS a preparation to his visit to the US next month, the Prime Minister, Dr Manmohan Singh, has chaired the first meeting of the Trade and Economic Relations Committee (TERC) and entrusted it with the task to chalk out plans for increased Indo-US ... More

Deshmukh to visit US
THE Chief Minister of Maharashtra, Mr Vilasrao Deshmukh, is expected to go on a 14-day visit to the US from June 18. He will be part of a delegation of bureaucrats and industry officials to seek multi-national investments in the State. ... More

Sign preferential pacts only if it enhances trade: Plan panel
EVEN as the erstwhile NDA Government went into overdrive in entering into regional trading agreements, the Planning Commission by way of mid-course correction, sounded the need for caution in this regard. In its Mid-Term Appraisal document, ... More


Kerala: 101 blood donors honoured
THIRUVANANTHAPURAM: As part of the observance of the World Blood Donors Day, 101 donors were honoured at a function held at the Sree Chithra Tirunal Institute of Medical Sciences and Technology here on Tuesday. The function was held in ... More


AP: Govt panel to look into extending hotel closure times
THE Andhra Pradesh Government has decided to constitute a high-level committee to examine the issue of extending closure times of hotels well beyond midnight, in response to the hospitality industry's request in this regard. At a review meeting ... More


Sethusamudram project at core of CII report
It also emphasised the need to provide international air connectivity to Madurai and reactivating the Tuticorin airport, the report said. More


Delay in Paradip-Haldia pipeline
Crude lighterage may be handled at Sandheads till March

THE crude lighterage operation at the Sandheads, the mouth of the Hooghly river, which is to be closed down from January 2006, may continue till March and beyond, according to informed sources. The 330-km-long Paradip-Haldia crude pipeline, ... More


Textile exports to US down in April
CONTRARY to expectations, the envisaged clampdown on Chinese textile and apparel exports to the US has not led to any gains for India, at least in the short run. According to official US data just released, Indian exports to the US in April ... More


`SMEs may be hit if interest rate cap on export credit is hiked'
THE Federation of Indian Export Organisations (FIEO) said on Tuesday that the proposal to hike the interest rate ceiling on export credit in foreign currency by 25 basis points may affect small and medium enterprises (SMEs) that are exporting on ... More

Codissia loan mela
COIMBATORE: The Coimbatore District Small Industries Association (Codissia) is organising a day-long loan mela on June 18 at the Codissia Trade Fair complex to help industrialists know the various loan schemes offered by financial ... More


ECL's Rajmahal mine expansion nearing completion
THE capacity expansion programme of Eastern Coalfields Ltd's Rajmahal opencast project is almost through. This could mean that National Thermal Power Corporation may get an additional quantity of coal from this mine in a year or two. The Rs ... More


Education and career fair from June 24 to 26
FRIENDZ Exhibition and Promotions Pvt Ltd will hold its third education and career fair - Infra Educa 2005 - from June 24 to 26 to showcase the latest trends in education and career opportunities. The fair, in which 150 institutions will ... More


Mall rentals witness price correction
THE initial mall euphoria that had pushed nationwide mall rentals to unrealistically high levels seems to have died down with markets such as Gurgaon now witnessing a price correction, even as parts of the National Capital Region and Mumbai see ... More

Grey area
A scene of mass reclamation of kole land as seen in suburban Thrissur. The kole wetlands with an area of 13,632 hectares and spread over the districts of Thrissur and Malappuram are facing severe threats. The reclamation of wetlands for use as ... More


Petition to restrain Tata Steel from mining in Tirunelveli
A PETITION has been submitted to the Tirunelveli District Collector, Mr Atul Anand, seeking to restrain Tata Steel from carrying out mining activities at Kuttam in the district. Tata Steel has signed a memorandum of understanding with the State ... More


NMP unions stage protest against port divestment
FIVE unions operating at New Mangalore Port (NMP) staged a half-hour demonstration in front of the administrative office of the Trust on Tuesday in protest against the Union Government's plans of divestment in major ports of India. Mr N. ... More


Hyundai Mobis among 19 FDI proposals cleared
THE Finance Minister, Mr P. Chidambaram, has approved 19 foreign direct investment proposals recommended by the Foreign Investment Promotion Board in its meeting on May 27. An official release said the approvals amounted to Rs 444.8 crore and ... More


Common 'smart ID cards' for PF, ESIC on cards
THE Provident Fund Commission and Employees State Insurance Corporation (ESIC) are planning to introduce a common `smart identity card' for employees. The Centre has already formed a committee comprising Central trade unions and industry ... More

Rs 150-cr outlay to assist AP tribal families
THE State Tribal Welfare Department has prepared an action plan for 2005-06 with an outlay of Rs 150 crore to assist 1.50 lakh tribal families. Besides, taking up coffee plantation in 7,508 acres with an outlay of Rs 13.22 crore this year, ... More

Kerala Govt to issue one lakh title deeds
THE Kerala Government will issue title deeds or possession certificates to one lakh persons in the State this year. Over the last four years, the Revenue Department has issued a record 51,120 title deeds and 20,000 possession certificates, ... More


Nabard sanctions for AP
HYDERABAD: The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 177.26 crore as loan assistance to Andhra Pradesh for implementing rural road and bridge projects in 22 districts. These projects have been ... More


Labour law `provides windows of opportunity'
WHILE labour law amendments are needed to impart greater flexibility in employment, companies should also learn to live with the labour statutes. This is the underlining message handed out to scores of participants at a seminar on employment ... More


Contractors' body asks labourers to end `illegal' strike at VSP
THE Ukku (steel) Contractors' Welfare Association has termed the ongoing strike by the contract labourers in the Visakhapatnam Steel Plant as illegal and appealed to the workers to resume duty immediately. In a statement issued here on Tuesday, ... More


`UAE in India' expo to be held in Mumbai
TOP UAE Government corporations and free zone authorities will take part in the third `UAE in India' trade exhibition due to be held in Mumbai, from December 7-10 this year. The show is being organised by the Dubai Chamber of Commerce and ... More

PlastIndia expo in Delhi
PLASTINDIA Foundation, the apex body of major associations, organisations and institutions in the plastics industry, will organise the next edition of PlastIndia in New Delhi. The six-day exhibition would begin on February 9, 2006. Announcing ... More


Wheat tops Rs 7,500/t; imports may be dearer
Traders warn that the moment India enters the international market as a buyer, prices would further escalate by $10-15 a tonne. More

Exports register 22% growth in May
THE country's exports notched up a growth of 22.28 per cent during May at $7,221.36 million against $5,905.61 million in the corresponding month in 2004. According to provisional trade figures put out by the Directorate General of Commercial ... More

Tea exports to West Asia, North Africa increase
INDIAN tea exports to the West Asia and North Africa (WANA) region rose significantly in 2004 to 61 million kg (mkg). Prospects for for 2005 are good as both Iran and Egypt have reopened their markets for imports and economic activity has ... More


NDDB chief made member of co-op movement panel
THE National Dairy Development Board Chairperson, Dr Amrita Patel, has been made a member of a high-powered committee on Indian cooperative movement. Dr Patel will assist in preparing a roadmap recommending the steps to be taken to meet the ... More


New IIPE chief
NEW DELHI: The Managing Director of Indo-Russian joint venture company, Romelt-SAIL (India) Ltd, Mr J.S. Saluja, has taken over as the Chairman of Management Committee of Indian Institution of Plant Engineers (IIPE) for the year ... More

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Top Stories
Exports register 22% growth in May

`There is always a new peak to be scaled' — Mr V. S. Jain, Chairman, SAIL

Textile exports to US down in April

`SMEs may be hit if interest rate cap on export credit is hiked'

Bharti signs $250-m deal with Ericsson

RPG Group to rejig retail business — To focus only on brand Spencer's; Retail HQ to move from Chennai to Kolkata

Wheat tops Rs 7,500/t; imports may be dearer

SCI scans the horizon for acquisitions

In Focus

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

In Depth

Gender Justice
Simple Economics
Tax Talk

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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