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Saturday, July 09, 2005

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Govt lowers foodgrains production estimates
FOODGRAINS production for the 2004-05 crop year has been estimated to be lower than the previous year by about nine million tonnes (mt). The Fourth Advance Estimates released by the Ministry of Agriculture on Friday have lowered the ... More

No Reliance de-merger proposal received yet, says Ministry
EVEN while the market is abuzz with the proposed de-merger plan as part of separation of Reliance group companies, the Ministry of Company Affairs (MCA) has stated that it has so far not received any notice or de-merger proposal from any of the ... More

Markets recover from London shock — Sensex gains 67 points
FINANCIAL markets put their worries behind them about the London blasts and bounced back to a `business-as usual' day on Friday. As US markets closed in the green on Thursday, it provided sentimental support to continued bullishness to Indian and ... More

AI to wet lease aircraft from Jet Airways
AIR INDIA and Jet Airways (India) Ltd have reached a short-term agreement for the wet lease by Air India of Jet Airways' A340-300E aircraft for operating a daily flight between Mumbai and London. According to an official release, Air India ... More

Madras HC asks debtors to repay banks in time
THE Madras High Court has, in what is considered as a far-reaching judgment, refused to exercise its discretion under Article 226 of the Constitution in favour of the petitioners, who were borrowers from banks and did not wish to repay the same. ... More

Telecom majors betting big on VoIP
INDIA is fast on its way towards packet-based telecommunication networking, with almost every major telecom operator now contracting for VoIP (Voice over Internet Protocol) equipment. And, following the operators would be a whole lot of others ... More

EPFO proposes bar on early withdrawal of PF contributions
PREMATURE withdrawal of provident fund accumulations by subscribers of the Employees' Provident Fund Organisation (EPFO) who exit in mid-course could soon be a thing of the past. Alarmed at the rising trend of early withdrawals that threatens ... More

Inflation increases on costlier food, energy
THE annual wholesale price index-based inflation rose to 4.14 per cent during the week ended June 25, up from the previous week's 4.1 per cent. The increase in the year-on-year inflation rate was mainly due to a rise in food and energy prices, ... More

Will RBI signal firmer rates in Q1 review?
"International liabilities of banks are now nearly double of their international assets which is an issue of serious concern," says a RBI report. More

FMCG growth down at 4.4 pc in May
THE fast moving consumer goods (FMCG) sector witnessed a sharp downturn in May this year, with overall growth dropping to 4.4 per cent — the lowest since July 2004 — but analysts maintain that the sector is very much in the recovery ... More

Labour trouble plagues auto cos in Gurgaon
SEVERAL automakers with facilities in the Gurgaon region are feeling the heat as labour trouble at their plants continues, even as alternative arrangements to restore productivity are being implemented. An official from Japanese bikemaker Honda ... More

Straight deal
A salesman displays ornaments at a jewellery shop in Kochi. With the tax on gold jewellery reduced from 4.6 to 1 per cent under VAT in the State, there has been a 150 per cent increase in the purchase of gold with bills. The current tax rate for ... More

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