Financial Daily from THE HINDU group of publications
Saturday, June 18, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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59-pc deficit in rainfall so far
THE India Meteorological Department (IMD) has assessed the all-India area weighted rainfall deficit from June 1 to 15 at 59 per cent. The actual recorded rainfall during the period was 25 mm against the normal 61.6 mm, the IMD said in its ... More


Inflation falls on cheaper fruits, vegetables
THE annual wholesale price index (WPI)-based inflation was 4.22 per cent during the week ended June 4, lower than the previous week's 5.2 per cent. The fall in the year-on-year inflation growth rate to a 13-month low was mainly on account of ... More

Board of Trade sets up 5 groups
THE reconstituted Board of Trade today set up five working groups on evaluation of export promotion schemes, trade facilitation, export-oriented units (EOUs) and special economic zones (SEZs), infrastructure bottlenecks, identification of ... More


India, US discuss enhancing trade in hydrocarbons sector
THE US Ambassador to India, Mr David C. Mulford, today had a 45-minute meeting with the Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar. While there was speculation that the two discussed the reported US objections to the ... More


Dabhol deadlock may be resolved soon
THE impasse over the locked-out Dabhol Power Project is likely to be resolved soon, as the Maharashtra Government has shown an inclination to buy 2,184 MW of power from it at Rs 2.30 per unit at 80 per cent plant load factor. The Dabhol Power ... More

REC to extend Rs 1,040-cr assistance to Andhra
THE Rural Electrification Corporation (REC) has agreed to provide financial assistance to the tune of Rs 1,040 crore to Andhra Pradesh for the year 2005-06. The REC has also provisionally accepted to give Rs 400 crore for electrification of ... More

Power Ministry plans to bring Damodar Valley under CERC
THE Union Power Ministry is exploring opportunities for bringing Damodar Valley Corporation (DVC) under the purview of Central Electricity Regulatory Commission (CERC) for fixing power tariffs. Being governed by the DVC Act, 1948 the ... More

PowerGrid to enhance capacity to 12,000 MW
STATE-owned transmission utility Power Grid Corporation of India Ltd plans to enhance its grid infrastructure capacity to allow inter-regional transfers of around 12,000 MW by the end of this year, enabling additional regional transfers of around ... More


VSP workers resume duty
THE contract workers in the Visakhapatnam Steel Plant, numbering over 8,000, called off their strike and resumed duties on Friday, following an agreement with the management on Thursday. According to a press release issued by the Steel Plant ... More

SAIL draws up Rs 400-cr investment plans for DSP
STEEL Authority of India Ltd (SAIL) has lined up approximately Rs 400 crore worth of investments for Durgapur Steel Plant (DSP) for 2005-06. This is part of the Rs 2,800-crore modernisation plan chalked out by SAIL for DSP in its Corporate Plan ... More


Kerala to help set up 25,000 SSI units
THE Kerala Government has drawn up a blueprint for facilitating the setting up of 25,000 new small-scale industrial units in the State in the current year. Styled `Kerala Local Industry Promotion Programme (KLIPP)', the initiative is intended ... More


Tyre producers may import 70,000 t rubber
TYRE manufacturers, who consume 54 per cent of India's natural rubber, have scaled up their projections for natural rubber imports in the current financial year by 10,000 tonnes to 70,000 tonnes. According to Mr D. Ravindran, Director General ... More


Govt may take up issue of cross-media holdings soon
THE Government is planning to examine the issue of cross-media holdings since companies have varied interests in print, television, direct-to-home (DTH) broadcasting, and radio. According to highly placed Government sources, broadcasting and ... More


Jurong to build township at Rushikonda
JURONG India has been appointed as the architect, engineer and construction manager for Sunny Isles - a premium residential enclave at Rushikonda near Visakhapatnam, by KSR Constructions, a developer engaged in real estate. Jurong India is a ... More


Sun Network to relaunch Tamil daily Dinakaran
MR Kalanithi Maran's Sun Network, which has bought out the Tamil media house Dinakaran, hopes to relaunch its flagship daily, Dinakaran, in three months. The revamp will focus on improved technology, quality of newsprint and content, Mr ... More


`Urban self-help groups must get interest subsidy'
THE interest subsidy (Pavala Vaddi) scheme should be extended to the urban self help groups (SHGs) which are regular in loan repayments to the Banks under the Indira Kranthi Padhakam (Urban) scheme, the Andhra Pradesh Chief Minister, Dr Y.S. ... More


Codissia tech fair from July 6-12
THE 8th edition of the technological trade fair `Intech 2005' will be held here between July 6 and12. Organised by the Coimbatore District Tiny and Small-Scale Industries Association (Codissia), the biennial event has attracted over 350 ... More


New appendix to `Target Plus' scheme irks exporters
THE Insertion of the new Appendix (15D) to the Target Plus Scheme announced by the Union Commerce Minister, Mr Kamal Nath, in his annual supplement to the Foreign Trade Policy 2004-09, has already ruffled the feathers of merchant exporters. ... More

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Aviation majors vie for orders, speed records

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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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