Financial Daily from THE HINDU group of publications
Wednesday, October 26, 2005
Markets (October 25)
BSE Sensex7991.74 (+70.94)
S&P CNX Nifty2418.20 (+23.35)
US Dollar (Buy/Sell)45.02/45.15
Gold Std (10 gm)6885 (+25)


News
Features
Stocks
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

CLIMATE & WEATHER


`Low' materialises, tipped to intensify further
MONDAY'S upper air cyclonic circulation whipped up quite a churn over the warm waters of the Bay of Bengal, scaling itself up into a low-pressure area to the southeast and adjoining southwest Bay by Tuesday afternoon. According to the National ... More

NON-CONVENTIONAL ENERGY


Southern Online plans more bio-diesel trial runs
SOUTHERN Online Bio Technologies Ltd, currently in the process of establishing the country's first commercial scale bio-diesel facility, has decided to conduct trial runs of bio-diesel on more number and varieties of vehicles. As the Andhra ... More

ANTI-DUMPING


India third largest initiator of new anti-dumping measures during H1
EVEN as India has emerged as the third largest initiator of new anti-dumping measures during the first half of 2005, after South Africa and the European Union, the number of initiations of anti-dumping reported by India has more than tripled, the ... More

AUTOMOBILES


Will banks price car, tractor loans at par now?
The RBI has asked the IBA to review, in consultation with its member banks, the BPLR system afresh and issue transparent guidelines for appropriate pricing of credit. More

`Auto sector's future lies in hydrogen tech'
MR R. Seshasayee, Vice-President, Confederation of Indian Industry and Managing Director, Ashok Leyland Ltd, today cautioned the Indian automotive industry against ending up on the wrong side of the emerging "hydrogen divide." Speaking at the ... More

ECONOMY


Growth's fine, inflation the worry
RBI raises repo rates; loans may turn dearer

LOAN products across the board could cost more with the RBI switching on to a high interest regime to contain a swell in prices. Corporate and housing loans, which do not carry fixed interest rates, could be dearer by 0.25-0.30 percentage points ... More

`Indications of an investment boom'
THE Finance Minister, Mr P. Chidambaram, on Tuesday said that there were indications of an "investment boom" in the country on the back of a buoyant economy. "There are indications of an investment boom supported by buoyant growth in credit as ... More

Mid-Year Review of the Annual Credit Policy — Managing inflation, encouraging growth
While the RBI Governor, Dr Y. V. Reddy, has left alone the interest rate structure and liquidity controls, though his raising the reverse repo rate will have implications on some short-term lending rates. The Quarterly Review reflects the Government' s concern about the fiscal insulation of oil price increases from the consumer, and highlights the need to encourage credit to the agricultural and SME sectors as well as to NBFCs. Overall, the Policy has met the twin requirements of inflation manage ment and growth impulses. More

Bullish on growth, hawkish on inflation
The RBI's underlying policy message is clear — inflation is its primary concern and gets priority over other objectives such as growth and investments. More

Inflationary pressures may push up interest rates
There are firm indications of expectations of rising inflationary pressures and, hence, higher interest rates. More

Keeping growth on a stable path
A well-structured, well-articulated policy that reflects a sincere attempt to keep the growth of the economy on a stable, non-inflationary path while focussing on all the issues that have raised the concerns about financial stability. More

An aggressive stance
Compared to the more benign earlier stance, the RBI seems ready to take head-on the problem areas. More

Going with the global tide
The RBI's actions are driven by a desire to be seen as being in accord with the ongoing global rate hike campaign. The apex bank insists that it would provide support to the realisation of growth potential without adding to inflation expectations. More

A measured move
The central bank has moved in time, on a precautionary basis, to rein in potential inflationary pressures. More

A fine balancing act
While the issue of developing a vibrant debt market has been addressed, issues relating to interest rate futures and options have not. More

Making India Inc more competitive
As the country integrates with the world economy, the RBI moves to support Indian companies in their ventures abroad. More

Inflation vaccine from Reddy's lab
THE Reserve Bank's policy mandate has always been a tightrope walk between multiple objectives. These are ensuring price stability, guaranteeing adequate credit for the economy and for the government's borrowing, and sustaining high growth. On ... More

ENGINEERING


Rolls-Royce bullish on India's aircraft engine market
THE aircraft engine manufacturer Rolls-Royce is bullish on prospects in India. It has estimated that the Indian market is growing at 20 per cent a year compared to a growth of about 7 per cent in other markets. "There is a lot of potential ... More

ENVIRONMENT


Polavaram project gets environmental clearance
IN what could be considered a major breakthrough for the prestigious `Jala Yagnam' programme taken up by the State Government for major irrigation projects in the three regions of the State, the Union Government on Tuesday sanctioned environment ... More

FOREIGN TRADE


`Indo-Dutch science, tech pact to be announced in 3 months'
THE Deputy Prime Minister and Minister of Economic Affairs of the Netherlands, Mr Laurens Jan Brinkhorst, said on Tuesday a new science and technology agreement with India would be announced in three months outlining the specific areas for ... More

India, Holland stress on improving bilateral relations
TRADE and economic relations between India and the Netherlands would get renewed impetus following the week-long visit of the Deputy Prime Minister and Minister for Economic Affairs of the Netherlands, Mr Laurens Jan Brinkhorst, to India at the ... More

INFRASTRUCTURE


Infrastructure cos' ECBs through approval route
THE Reserve Bank of India on Tuesday said that special purpose vehicles (SPVs), or any other entity notified by the central bank, that are set up to finance infrastructure companies and projects would be treated as financial institutions and ECBs ... More

PSU


Kerala Feeds dividend to Govt
THIRUVANANTHAPURAM: The Chairman of the public sector Kerala Feeds, Mr V.K. Vasudevan, handed over a cheque for Rs 52.72 lakh to the Agriculture Minister, Ms K. R. Gowri, as dividend for the financial year 2004-05. Among those who ... More

PETROLEUM


NCDEX may introduce future contracts in ATF, naphtha
AFTER launching furnace oil futures, NCDEX is exploring opportunities to introduce future contracts in the petroleum products segments. The aim is to attract the bigger players in the oil industry, who prefer to hedge their risks from both ends, ... More

ONGC plans toll-refining at MRPL's new refinery
ONGC is considering `toll-refining' options for its proposed 15 million-tonnes (mt) greenfield capacity addition at Mangalore Refinery and Petrochemicals Ltd (MRPL). The proposed greenfield project will effectively raise MRPL's refining ... More

IOC's Naresh Nayyar to head ONGC-Mittal Energy
MR NARESH K. Nayyar, Director (Planning and Business Development) of IndianOil, resigned today. He will join as CEO of the London-based ONGC-Mittal Energy Ltd (OMEL), the flagship joint venture firm floated by ONGC and the Mittal Group for ... More

PHARMACEUTICALS


`Developing nations to be self-sufficient in vaccines soon'
A RECENT article had stated that developing countries are now inventing more solutions to health problems and such health innovations include new drugs, vaccines, diagnostic tests, software and medical devices. This was the gist of the annual ... More

Patent battle with J&J — A legal win for Sun Pharma in US generic drug market
"The United States District Court for the Eastern District of Michigan granted Caraco's motion for non-infringement on its generic version of Ultracet." More

POWER


Two more reactors for Koodankulam
TWO more reactors of 1,000 MW capacity will be coming up at the Koodankulam nuclear facility in Tirunelveli district in the State, the Chairman and Managing Director of Nuclear Power Corporation of India Ltd (NPCIL), Mr S.K. Jain, has said. The ... More

REC extends Rs 487-cr aid for AP
THE Rural Electrification Corporation Limited (REC) has agreed to extend financial assistance to the tune of Rs 487 crore for electrifying 8,470 village habitations and 25,12,731 rural households in 643 mandals spread over 13 districts of the ... More

Rs 400 cr sought for free power in AP
HYDERABAD: The State Government has requested the Centre for a grant of Rs 400 crore to provide electricity to 40 lakh houses under the Rajiv Gandhi Grameen Vidhyutheekarana Yojana. Under this scheme, the services were cleared for ... More

TAXATION


Drive to recover tax dues in Kerala
THIRUVANANTHAPURAM: The State Revenue Minister, Mr K.M. Mani, said that a vigorous drive should be launched to recover tax dues over the next four months. The Minister said this while addressing a meeting of the District Collectors ... More

Sivakasi trade opposes CST notification
THE Sivakasi Paper Merchants' Association has demanded immediate withdrawal of the Central Sales Tax (CST) notification calling for submission of declaration forms and certificates every quarter, from October The association has termed the move ... More

TEXTILES


Integrated textile park planned in TN
THE Tamil Nadu Chamber of Commerce and Industry has plans to establish an integrated textile park at an outlay of Rs 1, 000 crore with the Central assistance. The proposed park, to be established in association with the Madurai Textile ... More

SSI


IBM scheme to tap SME customers
PAY Re 1 and take away an IBM server, and give the balance amount in instalments. This is one of the measures that IBM has adopted in India to tap the small and medium size customers, according to a company official. The scheme is customised to ... More

WATER


Water levels decline slightly in Kerala reservoirs
THIRUVANANTHAPURAM: Water levels at the three major reservoirs in the State - Idukki, Idamalayar and Kallada - have recorded a slight decline when compared to last week levels. This could be attributed to the fact that the ... More

COAL


Orissa demands free power from Mahanadi Coalfields' project
THERMAL power generation projects in the country could come up against a fresh roadblock. In an unprecedented move, the Orissa Government has placed a demand for 12 per cent free power from a generation project proposed by Coal India Ltd (CIL) as ... More

RADIO/TV


Cartoon Network bid to expand product merchandising biz
CARTOON Network Enterprises (CNE) is all set to launch various initiatives in product merchandising. This division of Cartoon Network India, which is in charge of the licensing and merchandising business, is entering new product categories and ... More

EDUCATION


IIM-B course for entrepreneurs to start next month in Bangalore
THE NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), set up at the Indian Institute of Management, Bangalore, is starting its third batch of Management Programme for Entrepreneurial Firms (MPEF) next month. The course offers formal ... More

Universitas offers new management course in Delhi
ONLINE graduate school, Universitas 21 Global has launched its new post-graduate programme — Master of Science in Information System Management. Designed to equip students with technology management skills, the programme caters to a ... More

FOODS & FOOD PROCESSING


Call to broaden scope of Food Supply Bill
THE proposed Food Supply and Standards Bill, 2005, slated to come up for discussion in Parliament in the winter session, holds promise in the effort to regulate the food industry. But some irritants in the definition of food and related issues ... More

INDUSTRY ASSOCIATIONS


AP CII plans series of meets
THE State unit of the Confederation of Indian Industry (CII) has lined up six major conferences in the next six weeks to discuss issues relating to agriculture, exports retailing and manufacturing. The first of these conferences, Man'exe-2005 ... More

KNITWEAR & HOSIERY


Govt must fix PLR too, says TEA
THE upward revision in the GDP growth presented in the credit policy would give a positive signal to the investors. But a review on prime lending rate (PLR) by Indian Banks Association might give a signal that the cost of acquiring funds would ... More

SCIENCE & TECHNOLOGY


Scientific community told to educate society
THE scientific community needs to step up efforts to "interact with and educate" society, especially the political establishment and the business community, with a view to explaining what science is all about and what the scientific community has ... More

PHOTOGRAPHIC & ALLIED PRODUCTS


PARRY'S PANORAMA
Picture framing - machines do the job now
FOR the nearly two dozen picture framers on Devaraja Mudali Street, business has become highly competitive. Once the centre of the picture framing trade in the city - and a few decades back for the entire South - their business has now to ... More

RURAL DEVELOPMENT


Nabard prefers SHG linkage model for micro finance
The Grameen Bank model is a more credit related scheme. More

ENTREPRENEURSHIP


`Shed hesitant mindset'
THE Union Minister for IT and Communications, Mr Dayanidhi Maran, has exhorted entrepreneurs in the southern districts to come out of their hesitant mindset and take risks to make industrialisation possible in the region. While the Centre is ... More

NATURAL CALAMITIES


Prevent Vizag airport flooding, CM tells officials
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed the officials to take measures to ensure that inundation of Visakhapatnam Airport does not recur. According to an official release, the Chief Minister asked a team consisting of ... More

Floods have no impact on car loan repayment: Crisil
CRISIL, in its analysis of the impact of the recent floods in Maharashtra on the credit quality of Asset Backed Securitisation (ABS) transactions backed by car loan receivables, has concluded that there will be no impact on the outstanding ... More

HTMT restores operations in Bangalore
HTMT has restored full operations within 24-36 hours for its international and domestic customers after heavy rains and subsequent flash flood situation in one locality in Bangalore forced the company to close one of its four delivery ... More




Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Tata Safari Dicor

Pick a Winner Stock Market Contest

Top Stories
`Low' materialises, tipped to intensify further


`Sub-PLR lending to take a hit, short-term rates may rise'

White arecanut prices on the rise
Lack of quality areca, curbs on imports cited as reasons


Intra-day short sales to improve liquidity in securities market

India third largest initiator of new anti-dumping measures during H1

Satyam forms think tank for strategic deals

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Oct. 16-Oct. 22
Vegoil tariff values raised by $10-24/t

UK, Australian firms in race to be legal advisors for Iran pipeline project — No response from Indian firms

Shipping Ministry steers for an India-owned LNG fleet

Time for India to draw FDI into R&D

Antibiotics segment ailing due to high input costs

Staffing cos may soon pip IT firms in job market

More pharma patent litigations in store — Ranbaxy, Dr Reddy's prepare for long battle

India watching PetroKazakh revamp

Panel to examine compulsory licensing of bird flu drug

Mid-size sedans in the fast lane

Bio-diesel card being overplayed a little; cautious monitoring of market needed

H1 exports up 20 pc; trade deficit widens

Domestic companies fuelling growth in insulin segment

Spate of natural calamities turns worrisome — Insurers to scale up CAT cover

D&B index predicts optimistic outlook for Q4

South likely to have more wet spell

H1 gem & jewellery exports up 20.73 pc

Online auction to help discover price for carbon credits

Rlys to plant jatropha for captive use — Minister seeks private participation

5 lakh bales cotton contracted for exports

NTC case: Maharashtra not to appeal, says CM

Crude oil output dips by 7.3% in Sept

High margins trigger increase in soya oil imports

Sports channels have to share telefeed with Prasar Bharati — Cabinet clears uplinking, downlinking policy

Global benchmarks in manufacturing — Indian arms of MNCs show the way

Cabinet gives in-principle nod for IBP-IOC merger

Steel cos likely to sustain growth on robust volumes

Crude, metals to remain firm in Q4

Operating cost of new vehicles goes up with fuel prices: J.D. Power

Most rubber estates may not get carbon credit

Consumer durables sector sees pick-up in sales

Govt chalking out plan for joint overseas bidding by oil PSUs


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line