Financial Daily from THE HINDU group of publications
Wednesday, June 22, 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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IMD sees 10% deficit in June rainfall
PERCEPTIBLE improvement in monsoon behaviour has encouraged India Meteorological Department (IMD) to make a call on likely June precipitation. Speaking to Business Line, Dr M. Rajeevan, Director, Forecasting, said June might remain ... More


NDC to meet on June 27 to okay mid-term appraisal report
THE National Development Council (NDC) meeting here on June 27, to approve the Mid-Term Appraisal Report to the 10th Five Year Plan (2002-07), will pose some tough questions to State Governments on how they would proceed to implement the slew of ... More

Karnataka must improve investment climate: World Bank
KARNATAKA has got some bouquets for its friendly investment climate but has to shake off the labels of corruption, regulation, and poor infrastructure as listed by a large number of constrained investors, according to a World Bank ... More


`Permit Indian cos to participate in turnkey projects of Qatar'
INDIAN companies must be allowed to participate in turnkey projects and major civil construction works that are coming up in Qatar. This was stated by the Commerce and Industry Minister, Mr Kamal Nath, during an interaction with the visiting ... More


Going up and up


`Kerala can manage without thermal power if rains persist'
IF the current trend of the southwest monsoon continued during the remaining part of the season, the State would be receiving normal rainfall and in that case the State electricity board would be able to manage power supply without drawing ... More

6 police stations to track power theft in Maharashtra
THE Maharashtra Government has finally chosen the locations of six police stations, which would be exclusively used for detection of power thefts in the State. The Government will also be setting up three courts to try cases of power theft. A ... More


Textile wet processing tech upgrade yet to get PCB nod
PROMOTERS of a few textile wet processing industries in the region, who have sought funding for scaling up their production technology under the `cleaner production scheme', are in a dilemma, thanks to the uncertainty in getting the mandatory ... More


NSIC bid to draw more SSIs to new credit rating scheme
THE National Small Industries Corporation Ltd (NSIC), in a bid to sensitise the small and medium enterprises (SMEs) to the usefulness of its newly introduced credit rating scheme for small industries, has set up special help desks at its zonal ... More

TRAVEL & PLACES to focus on India
THE launch of e-tickets by airlines, a lead that the Railways plans to follow, as well as the growing use of the Net to make air and rail bookings have given an impetus to the expansion plans of, a domestic online travel ... More


Costlier fuel not to push FMCG prices up
DESPITE the petrol price hike, the Fast Moving Consumer Goods (FMCG) industry is not planning to pass on the burden to the consumer. As it is prices of several products, including toothpaste, shampoo and detergents, have seen an increase in ... More


NAC launching two new courses
THE National Academy of Construction (NAC), mandated to provide support to the construction industry, will launch two courses in highway technology and facility management. The one-year post-graduate course in facility management is being ... More


Realty developers plan ad blitz — To double spend this fiscal
FUELLED by hectic pace of activity and a swelling project portfolio, real estate developers, including DLF, Parsvnath and Vatika, plan to almost double their advertising budget for the current fiscal. In 2004, the sector emerged as the fourth ... More

DLF to invest Rs 300 cr in retail-entertainment centre
A DAY after it clinched NTC's Mumbai Textile Mills land for Rs 702 crore, the DLF Group today said that the deal was not overpriced as the valuation was based on economic viability of the upcoming retail and entertainment project, where it plans ... More

Bidding for 2 NTC properties mops up Rs 900 cr
THE latest round of bidding for two properties of National Textile Corporation (Maharashtra South) has garnered almost Rs 900 crore. It received a bid of Rs 702 crore from Jwala Real Estate Pvt Ltd, a New Delhi company, for its 17.5-acre Mumbai ... More


Antrix, EADS plan joint marketing of satellites
ANTRIX, the commercial arm of the Department of Space, and EADS Astrium of France have announced a plan to jointly market communications satellites globally. They signed a MoA at the Paris air show to market satellites with a launch mass of 2-3 ... More


Protest in Orissa against Posco deal
SEVERAL Opposition parties of Orissa will organise a demonstration when the State Government signs a Memorandum of Understanding (MoU) with the Korean steel maker, Pohang Steel Company (Posco), here tomorrow. Addressing a joint press conference ... More


Redco to provide 1.25 lakh rural households in India with energy
THE Rural Energy Delivery Companies (Redco) Alliance, comprising representatives from 11 countries, has set a target of reaching 7.5 lakh rural households with energy services by 2010. Nearly 1.25 lakh rural households in India will be covered ... More


  • Buyer-seller meet in Coimbatore


    Date for electronic filing of TDS returns extended
    THE Union Finance Ministry has extended the due date for the electronic filing of annual returns for tax collection at source (TCS) for the financial year 2004-05. The Central Board of Direct Taxes (CBDT) has extended the due date for returns ... More


    Sri Lankan vanaspati imports hurting local industry: IVPA
    IT is a strange case of Indian producers of vanaspati located in Sri Lanka competing with vanaspati producers in India. Several Indian companies that have set up vanaspati manufacturing facilities in Sri Lanka export the product to India to ... More

    Agro Dutch may gain from dumping case filed on China
    AGRO Dutch Industries Ltd, producer of integrated mushrooms, is likely to benefit from an unexpected anti-dumping case on canned mushrooms against China in Mexico. Mexican Mushroom Packers Association (MMPA) recently filed a case for ... More

    Imports hit crumb rubber producers
    WITH prices falling and domestic offtake remaining low, crumb rubber producers are in dire straits, as their installed capacities are grossly under-utilised, according to the Cochin Rubber Merchants Association. "Against their installed ... More


    Homeo clinics not allergic to selling on Net
    "Patients discuss their history and symptoms with our doctors and we courier the medicines to them. The payment is made online." More

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    Top Stories
    Rlys has no plan to hike tariffs; to take Rs 400-cr hit

    Costlier fuel not to push FMCG prices up

    TCS to hire 13,500 more

    General insurers may opt for IPO route to raise capital

    Fresh buying, short covering push gold up

    Sri Lankan vanaspati imports hurting local industry: IVPA

    India will require 570 planes by 2023: Airbus

    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. 12-Jun. 18
    Tyre producers may import 70,000 t rubber

    Monsoon getting into action mode

    CPI(M) formalises policy on economic agenda — `FDI okay only if it enhances country's productive capacity'

    `India unfazed by US opposition to Iran gas pipeline'

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

    Textile exports to US down in April

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

    Exports register 22% growth in May

    W. Australian apple growers moving processing to Chennai

    RBI panel for hike in foreign currency export credit rates

    SSI production up 8 pc, exports rise 21 p c

    Trade to GDP ratio tops 25 pc

    NTPC plans to produce 50 mt coal by 2010

    BoI, SIDBI tie up to boost credit to SMEs

    US co explores options for fly ash export from India

    Coal India plans to augment production by 20 million t annually

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