Financial Daily from THE HINDU group of publications
Thursday, October 27, 2005
Markets (October 26)
BL 2502261.13 (-7.33)
BSE Sensex7974.69 (-17.05)
S&P CNX Nifty2408.50 (-9.70)
US Dollar (Buy/Sell)44.99/45.12
Gold Std (10 gm)6945 (+60)



Group Sites



Rain belt moves north as Bay system turns into a depression
TUESDAY'S low-pressure area over southwest Bay of Bengal jumped at least two notches in scale to turn into a depression overnight, with prospects of further intensification into a more severe weather system. The National Centre for Medium ... More


Reliance to take up large-scale jatropha farming
THE Reliance group's arm, Reliance Life Sciences (RLS), is planning to scale up its jatropha plantation to a few thousand acres in a couple of months' time. Currently, RLS has a 50-acre pilot project called Samalkot Farms at Kakinada, close ... More

Ethanol plan set to gather pace
THE programme to supply ethanol-doped petrol is expected to move forward in the coming weeks, with oil companies calling sugar mills for price negotiations. This is important for the sugar mills as it will contribute to boosting the prices of ... More


India, EU to begin early talks on maritime, civil aviation pacts
It was agreed to hold a meeting for exchange of information on the policies for public-private partnership and pubic procurement in the first part of 2006. More


From Asean to the Gulf: India plans FTAs by 2006
BY the close of 2006, India plans to have free trade agreements (FTAs) with all the neighbouring countries beginning with the Asean and stretching to the Gulf countries. Instructions to this effect have been given by the Prime Minister, Dr ... More

Local manufacturers may be hit: India Inc
INDUSTRY has reacted with some concern to the Government's announcement to initiate free trade agreements with neighbouring economies, including Asean and the Gulf countries, by 2006. Industry feels that the external reform process of the ... More

India Inc worried over Govt plan to ink more FTAs
THE Government's announcement to initiate free trade agreements (FTAs) with neighbouring economies, including ASEAN and Gulf countries, by 2006 has given Indian industry cause for concern. The industry is of the opinion that the external reform ... More

AP team for Mauritius
HYDERABAD: The Andhra Pradesh Government plans to send a team of officials to Mauritius to explore bilateral co-operation in the fields of IT and tourism. The Chief Minister, Dr Y.S. Rajasekhara Reddy, met the visiting Prime Minister of ... More


Gilead Sciences-Roche spat — Uneasy calm prevails over bird flu drug
THERE is an uneasy calm surrounding anti-viral oseltamivir, popular these days by its brandname Tamiflu — a sought-after drug to mitigate the effects of bird flu. As governments go into a flutter over stocking the medicine, oseltamivir ... More


SPV for Mangalore SEZ likely by mid-December
  • The SPV formation will help expedite the work on the proposed SEZ. ONGC, through its subsidiary MRPL, is planning to invest around Rs 21,000 crore in the petrochemical projects of the proposed SEZ. More

    Call for better infrastructure at Baikampady Industrial Area
    THE Kanara Small Industries Association (KSIA) has urged the Karnataka Government to improve infrastructure at Baikampady Industrial Area in Mangalore. In a meeting with Ms Lakshmi Venkatachalam, Principal Secretary, Department of Commerce and ... More


    If Bell bags Army deal, HAL too may benefit
    BELL Helicopter Textron is keen on bagging an Indian Army order for 197 light reconnaissance helicopter. Of these, 137 could be co-produced with Hindustan Aeronautics if the order comes its way, Bell CEO, Mr Michael Redenbaugh, said here on ... More


    C. Rangarajan to head petro-products pricing panel
    THE Chairman of the Prime Ministers Economic Advisory Council, Dr C. Rangarajan, is to head a five-member inter-ministerial committee that will formulate a long-term policy on pricing and taxation of petroleum products. Addressing a press ... More


    Govt to stockpile bird flu drugs
    THOUGH there has so far been no reported incidence of avian influenza in India, as a precautionary measure the Government is planning to stockpile 10 lakh doses of the drug, Tamiflu, which is used for treatment. Speaking to newspersons, the ... More


    Indian, Chinese textile producers gain, post-quotas: ILO
    ACCORDING to the Geneva-based International Labour Organisation (ILO), China and India are the main beneficiaries of the end of global trade quota system for textile and clothing. India has increased its share of textile and garment ... More


    Drinking water for Kovalam
    THIRUVANANTHAPURAM: A Rs 16.7-crore drinking water project for a beach resort and the adjoining areas in Kovalam seeks to draw water from the Vellayani Lake in the outskirts of the Capital City. The Capital City Region Development ... More

    `No pass-through of JBIC debt': Minister
    THIRUVANANTHAPURAM: The State Government did not propose to pass on to consumers the debt burden arising out of the implementation of the Rs 1,787-crore drinking water scheme with support from the Japanese Bank for International ... More


    SS channel to hold VJ hunt
    VISAKHAPATNAM: Southern Spice Music - the satellite music channel specialising in southern languages - is organising a VJ hunt here in the Hotel Park on October 28 at 9 a.m. At a press meet here on Wednesday, Mr Craig, VJ of the ... More


    `IT, consumers have changed dynamics for all industries'
    "GLOBALISATION, information technology and the consumer revolution have combined to create fundamental changes in the competitive dynamics of every industry," said Mr K.S. Ramesh, Executive Director and CEO of CavinKare Pvt Ltd, in his ... More


    Auto component makers feel China has an edge
    According to foundry industry sources, the Chinese bank on the US and UK technology, while the Indian advantage is skilled manpower. More


    Jones Lang LaSalle plans to increase headcount
    COMMERCIAL real-estate services firm Jones Lang LaSalle today said that it is likely to look at more than a three-fold increase in headcount in the country to 3,000-4,000 professionals in the next five years, entailing an expansion of project ... More

    Shriram Properties plans Rs 900-cr project on Standard Motor land
    SHRIRAM Properties Ltd, which has emerged the highest bidder for the 57.84-acre Standard Motor Products of India Ltd (now under liquidation) property in Chennai, plans to develop an IT park and a commercial and residential complex on the land. ... More


    Dubai Gold Exchange to start operating in Nov
    DUBAI Gold and Commodities Exchange (DGCX), the first such marketplace in West Asia, will commence operations on November 22. The DGCX will open its gold futures market on the same day. The DGCX is a joint venture of the Dubai Metals and ... More


    $1.7-m biz queries at Singapore textile machinery fair: EEPC
    THE Engineering Export Promotion Council (EEPC), which participated in the recently concluded five-day ITMA-2005 exhibition in Singapore, has generated business enquiries worth $1.7 million, and on-the-spot orders valued at $4,00,000. The fair ... More


    Xelvona project: Goa to expedite land acquisition
    THE Goa Government has agreed to expedite land acquisition for the Rs 117-crore project to deal with mining dust pollution faced by the people of Curchorem in South Goa. The project is to be implemented by a consortium of Goan mining companies ... More

    Anti-uranium activists protest expert panel meet on mining
    THE Movement Against Uranium Project (MAUP) is up in arms against the fresh efforts to revive the plan to start uranium mining and processing unit in Nalgonda district of Andhra Pradesh. Agitated over news reports that a high-level meeting is ... More


    Kochi to host expo on wedding services
    THE Kochi-based Fonix Events is coming up with the first-ever wedding exhibition in Kerala at Kochi in association with Taj Residency, Ernakulam. The three-day event, to be held from November 11, at Taj Residency will coincide with the launch ... More

    `Daily work reviews motivate workers'
    CELEBRATING success, allowing two-way communication and making room for total employee involvement will have positive impact on the work culture in an organisation, according to Mr C.N. Prasad, President of Sundaram Clayton Ltd. "When a ... More


    I-T offices to remain open on Oct 29, 30
    ALL income-tax offices throughout the country will remain open on October 29 and 30 for accepting the returns of income. The Central Board of Direct Taxes has issued directions to income-tax authorities for making such arrangements, ... More


    Boost to textile exports, says FIEO
    THE Federation of Indian Export Organisations (FIEO) has welcomed the Mid-Term Review of the Credit policy by the Reserve Bank of India. According to the FIEO, the Review would provide great impetus for export of textile products as it proposed ... More


    Work as usual despite rains: Wipro
    WIPRO Technologies said on Wednesday that there was no impact on its customers' businesses owing to the unprecedented rains in Bangalore, which has received over 150 mm of rainfall in the past four days disrupting normal life in the city. Wipro ... More


    Indiabulls Financial tumbles on I-T survey
    INDIABULLS Financial Services today said that Income-Tax Department had visited 3 out of 129 offices of its subsidiary Indiabulls Securities under a survey for the purpose of third party verifications. Indiabulls, in a notice to stock ... More


    Classic gambit
    Karadi Tales' entry into audiobooks for adults is gathering steam. More

    Comments & Letters to the Editor to:
    Subscribe to: Business Line
  • Tata Safari Dicor

    Pick a Winner Stock Market Contest

    Top Stories
    Indian, Chinese textile producers gain, post-quotas: ILO

    Govt to stockpile bird flu drugs

    Banks see good biz in retail sale of gold coins

    High prices likely to dampen gold appetite

    Reliance to take up large-scale jatropha farming

    India Inc worried over Govt plan to ink more FTAs

    Auto component makers feel China has an edge

    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

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk

    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