The Hindu Business Line : Friday, October 14, 2005

Tech cos set to become largest employers in pvt sector
INDIAN tech services companies are poised to become the country's largest employers in the private sector. The end of the second quarter this fiscal saw TCS crossing the 50,000-mark in employment with 53,329 people on its rolls. "This makes ... More

CLIMATE & WEATHER

Low pressure persists; landfall may be delayed
THE northeast monsoon has had a productive session during the last 24 hours ending Thursday morning, with the rain-driving systems by the peninsular flanks displaying contrasting levels of maturity. The low-pressure area over southwest Bay of ... More

AUTOMOBILES

International meet on automotive tech in Chennai
SAE India will hold an international meet to focus on India's skills in automotive technology. The body is an affiliate of Society of Automotive Engineers International, headquartered in the US. The three-day `Mobility Engineering' meet will ... More

ECONOMY

World GDP growth hinges on India, China
INDIA and China rank 154th and 121st in a listing of the 230-odd countries ranked by per capita GDP. So no matter how rapid the growth of these countries, it would do little to boost the growth of the world economy. Right? Not really. Low as ... More

ENGINEERING

German machine tool sector bullish on India
GERMAN tool exports to India have continued to grow at an annual two-digit rate since 2002, according to Mr Carl Martin Welcker, Chairman, German Machine Tool Builders' Association (VDW). Speaking to the presspersons on the occasion of a ... More

FOREIGN TRADE

Fiji sees scope for tie-up with CDB, Coir Board
THE Prime Minister of Fiji, Mr Laisenia Qarase, who visited the Coconut Development Board (CDB) on Thursday along with a delegation comprising Cabinet Ministers, Senators, senior officials and businessmen, said there was great potential for ... More

HEALTH

Govt to launch health missions for diabetes, cardio diseases
THE Union Government will launch two national health missions this year, specifically targeting diabetes and cardio-vascular diseases and speech and hearing disorders. Announcing this here on Thursday, Mr Anbumani Ramadoss, Union Minister for ... More

PETROLEUM

High cost of LPG imports to hit oil marketing cos
IT'S not only the housewife who has been hit by the cooking gas (liquefied petroleum gas) crisis; joining her are oil marketing companies (OMCs) such as Indian Oil Corporation Ltd, Hindustan Petroleum Corporation and Bharat Petroleum ... More

Oil marketing cos to buy bio-fuel at Rs 25 a litre — Ministry issues fiat as part of new purchase policy
To begin with, 5 per cent non-edible oil from Jatropha/Pongamia (bio-diesel) will be mixed with diesel during trial runs. More

PLASTICS

Maharashtra to take more time to study ban on plastic bags
THE Maharashtra Government will take more time to deliberate on the ban on plastic bags. Thursday was the last day for receiving objections and suggestions from the public on the ban. The Government was to issue its order thereafter. However, ... More

POWER

Centre to take fresh look at tariff-setting methodology — `Paying' power consumers may get respite
`HONEST' electricity consumers, who have been the traditional cash cows for power distribution utilities across the country, may finally get some reprieve. The Government is considering a proposal to unburden paying consumers (those in the ... More

Govt to float bonds to fund small hydel power projects
THE Government is planning to float a mega bond issue to fund small hydel and renewable power projects that would be set up in the next five to seven years. The proposed Rajiv Gandhi Akshay Urja Bonds issue is awaiting the Prime Minister's nod ... More

Ratnagiri Gas lenders seek RBI help in turning loans to standard assets
Banks and FI exposure in the new RGPPL is currently Rs 7,000 crore, after the buyout of the foreign lenders' loans in the project. Bankers said that only the domestic loan component to the project was treated as a substandard asset. More

TEXTILES

EoIs invited for Kinfra textile parks
THIRUVANANTHAPURAM: Industrial Infrastructure Development Corporation (Kinfra) has invited expressions of interest (EoIs) from entrepreneurs and companies interested in promoting two integrated textile parks in Kerala. The proposed ... More

SSI

State Bank signs pact with SIDBI
STATE Bank of India on Thursday signed a memorandum of understanding (MoU) with Small Industries Development Bank of India (SIDBI) for co-financing small and medium enterprises in Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Jammu & Kashmir, ... More

SSI body objects to industrial plots auction in Andhra Pradesh
THE Visakha Autonagar Small-Scale Industrialists' Welfare Association is opposed to the proposed auction of plots in the Autonagar Industrial Estate here on Friday. The association is opposing the auction on the ground that it will deprive ... More

`Set up nodal agency to aid SSIs imports'
THE Tuticorin-based Indian Chamber of Commerce and Industry has urged the Centre to set up a nodal agency to assist small-scale industries import machinery. It has also sought an increase in excise limit for such units to help them remain ... More

WATER

Liquid asset
A delivery boy carries cans of mineral water in Hyderabd on Thursday. The mineral water business is flourishing in the city with the entry of multinational ... More

RADIO/TV

Hindi mass entertainment TV channels losing share — More takers for niche genres
WITH mass entertainment Hindi channels losing viewership shares year on year, media planners and industry observers feel that this trend is here to stay and that mass entertainment channels need to seriously review their programming ... More

MEDICAL & SURGICAL EQUIPMENTS

Terumo Penpol tube sealer
THIRUVANANTHAPURAM: Surgical instruments and blood bags manufacturer major Terumo Penpol has introduced the new radio frequency (RF) tube sealer XS 1010. A company spokesperson said here that the Composafe Tube Sealer is designed to ... More

PRECIOUS METALS

Downward tweak likely in gold
SPOT gold prices retreated on Wednesday on profit-taking, after prices earlier spiked to a new 18-year peak on investment demand. Gold, which is seen as a safe-haven investment and an inflationary hedge has risen 8 per cent this year so far. ... More

INDUSTRY ASSOCIATIONS

Sugar mills seek protection of reserved cane area
FOR the Indian Sugar Mills Association (ISMA), the priorities at this juncture are getting the Government see the need for protection of reserved cane area of existing units and spatial distance of 25 km between two units; giving an impetus to ... More

CINEMA

GV Films to enter Bollywood
G V Films Limited has decided to enter into Hindi film production and has signed three directors for its projects. It has signed on directors, Anees Bazmee, Mahesh Manjerekar and Jagmohan Mundhra and among stars Sanjay Dutt and Anil ... More

NEWSPAPERS & PUBLISHING

Newspaper kiosks of Goa
Newspaper kiosks set up by a former schoolteacher in rural Goa are grabbing headlines. They have not only triggered a reading habit, but are also slowly leading a literary movement. More

FOREIGN DIRECT INVESTMENT

Volkswagen team holds talks with AP officials
Ms Lakshmi Parthasarathy, Principal Secretary, Industries Department, Andhra Pradesh, said the visit of the German team strengthens the State's claims to get the project. More

EVENTS

India's finest
A woman looks at silk sarees at the Silk Mark Expo being held in Mumbai from October 11 to 16. The expo, sponsored by the Central Silk Board, Ministry of Textiles, displays silk products ranging from sarees, dress materials, garments, ... More

EXPORTS & IMPORTS

G-20 to prepare action plan against subsidised farm product exports
THE G-20 — an alliance of agricultural exporting countries in the WTO — has agreed, at India's request, to draw a strategy embodying the right of all developing countries to take remedial action against subsidised imports of farm ... More

Readymade exports grow 16.12 per cent in April-July
The high growth segment includes transport equipment, petroleum crude and products. More

PEOPLE

I.G. Patel, an excellent policy maker: Chidambaram
THE Finance Minister, Mr P. Chidambaram, today described eminent economist Dr I.G. Patel as an "excellent economic policy maker" and a man of "great intellectual and moral elegance". Speaking at the memorial meeting organised by the Indian ... More

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