Financial Daily from THE HINDU group of publications
Wednesday, November 23, 2005
Markets (November 22 at close )
BSE Sensex8534.97(-75.77)
S&P CNX Nifty2572.85 (-29.65)
US Dollar (Buy/Sell)45.80/45.93



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Cool seawaters spare Tamil Nadu the blushes
THE cooling anomaly in the southwest Bay of Bengal and the contiguous Gulf of Mannar on Tuesday ensured that the depression did not strengthen as it prepared to cross the Tamil Nadu coast in the evening, possibly averting a major weather event ... More


`Cement cos margins under pressure'
ESCALATION in energy prices and higher wage bill have hit the operating margins of cement units in the second quarter of the current fiscal. However, the companies were cushioned against losses to some extent by the increase in sales and ... More


`Tax treaty talks: India to follow UN model'
The other model on which tax treaties are worked out is the one advocated by the Organisation for Economic Cooperation and Development. More


ILO moots work place norms for IT, BPO sectors
The ILO specialist lamented that while risks triggered by degradation of indoor environment were pronounced in the case of sectors such as mining, metals, foundries and agriculture, buildings, which may appear fancy from outside, could also fail to p rotect the health of employees engaged in hi-tech areas. More

`HIV prevalence rising in India'
SOME countries in the Caribbean region, Kenya and Zimbabwe may have managed to bring down the HIV/AIDS infection rates, but for India, the news has not been so good. According to the AIDS Epidemic Update 2005 released by UNAIDS, "Although ... More

Workshop on voice disorders in Thiruvananthapuram
THIRUVANANTHAPURAM: The Association of Phonosurgeons of India and the Association of Otolaryngologists of India will jointly organise a live surgery and national workshop on `Swallowing and voice disorders.' An official spokesman said ... More


Pampa Action Plan going off course
THE first phase of the Pampa Action Plan (PAP) under the National River Conservation Programme (NRCP) seems to have been sidelined following the controversy over the alleged corruption in recruitments and the engagement of Delhi-based Ecosmart ... More

Greater Visakha comes into existence
GREATER Visakha has come into existence, after the clearing of all legal hurdles, with the merger of Gajuwaka municipality and 32 villages in the vicinity in the Visakhapatnam Municipal Corporation. The Government Order was issued in Hyderabad ... More


`World oil prices likely to settle at $64 up to 2010'
WORLD oil prices are likely to settle at $64 per barrel up to 2010 fuelled by high demand and lack of supplies, an international oil expert has said. "Looking at oil projects coming on stream in West Asia and Asia and comparing this against ... More

Crude output dips in Oct, natural gas production rises
WHILE the country's crude oil production fell 7.2 per cent in October , natural gas output rose by 4 per cent during the month. In a statement issued here on Tuesday, the Petroleum Ministry said the reason for the shortfall was loss of ... More

Oil cos may release new LPG connections from December
THE Parliamentary Consultative Committee, attached to the Ministry of Petroleum and Natural Gas, was today informed that oil companies would resume release of new liquefied petroleum gas (LPG) connections from next month. With substantial ... More

LPG cavern trial run at Visakhapatnam by next year-end
CONSTRUCTION of the LPG cavern is going on briskly here and it may be ready for trial run by December 2006, and commercial operations some months later. The contractor for the Rs 333-crore project, Larsen & Toubro, has brought several imported .. More


`Dabhol project hinges on Central, State support'
MAHARASHTRA'S controversial Dabhol power project (block one, phase two) would be ready to produce 740-MW of naphtha-based power by May 2006 provided both the Central and the State Governments support the project by giving adequate excise duty and ... More

SERC issues draft efficiency norms
THE Kerala State Electricity Regulatory Commission (SERC) has issued a draft notification on efficiency standards for power distribution licensees in the State and has specified penalties in case they fail to stick to the standards. According ... More


AP: CM's assurance to military personnel on VAT issue
THE Andhra Pradesh Government would provide matching facilities as given by several States and look into the imposition of VAT (value added tax) with regard to canteen services and departmental stores of the defence. The State Chief Minister, ... More

2 check posts abolished in Dakshina Kannada
MANGALORE: The Commissioner of Commercial Taxes, Karnataka, has ordered the abolition of Commercial Tax check posts at Kannur and Mukka in Dakshina Kannada district . A press release by the President of the Kanara Chamber of Commerce ... More


Central fund for AP drinking water scheme
HYDERABAD: The Centre has sanctioned Rs 1,522.68 lakh to the State as first instalment for the implementation of schemes under the Rajiv Gandhi National Drinking Water Mission. The State Government is required to ensure a matching share ... More


Crowding broadcast space to lower margins
THE crowding of broadcast space, as many more television channels gear up to join the battle, may not augur well for this segment of the media and entertainment industry. While the overall buoyancy in the economy would help sustain growth in ... More

BBC seeks nod to pick up 20 pc in Radio Mid-Day
BBC Worldwide, a subsidiary of the British Broadcasting Corporation, is on the prowl. After setting up a joint venture company with the Times of India group last winter for publishing magazines, the company has now finalised plans to establish ... More


VSP, Gitam Engg College to sign MoU
RASHTRIYA Ispat Nigam Ltd (Vizag steel plant) is ready to sign a memorandum of understanding with Gitam Engineering college here to promote industrial research and consultancy, according to Mr Y. Sivasagara Rao, Chairman and Managing ... More

`Zero factor important to be world beater'
"ZERO is important to be a world beater," said Mr Satyan C. Bhatt, Managing Director of Prism Public Relations India Pvt Ltd, to the students of Mahila University, Rayalaseema Institute of Management Studies and Time Institute of Management in a ... More

Magma pact with Anna varsity
CHENNAI: Magma Design Automation India, a wholly-owned subsidiary of Magma Design Automation Inc, provider of semiconductor design software, has partnered with Anna University to increase the number of professionals exposed to IC ... More

Global MBA programme
KOCHI: SP Jain Centre of Management-Dubai and Singapore has evolved a unique global MBA programme, which will commence from the academic year 2006-07. The programme, jointly spanning Dubai and Singapore, will nurture the global mindset ... More

Free engg entrance diagnostic test
KOCHI: Aspire Learning Company Pvt Ltd is conducting a free All India Engineering Entrance Examination (AIEEE) diagnostic test across 21 centres in South India. The test will help both the CBSE and State board students understand the ... More


Processed foods: `Adherence to safety norms vital'
INDIAN exporters keen to tap markets in Europe or become part of retail chains such as Tesco to sell their farm produce, must comply with EU General Food Law Regulation that insists on traceability of various substances. Traceability relates to ... More


Stem cell research centre to come up at CMC, Vellore
THE President, Mr A.P.J. Abdul Kalam, will lay the foundation stone for stem cells research centre at Christian Medical College (CMC), Vellore and also deliver the Dr Ida S Scudder Founder's Day oration on December 1. The Rs 18-crore research ... More


Private hosiery park planned in Tirupur
DRAWN by the booming apparel industry in Tirupur, a local real estate company is setting up the first private hosiery park in the knitwear town. JS Promoters, the decade-and-half-old real estate-cum-construction company, has diversified into ... More

New duty drawback rate irks TEA
COIMBATORE: Tirupur Exporters' Association (TEA) has expressed disappointment over the re-fixation of duty drawback rate for knitwear exports. While the Government has increased the value cap in the drawback rate, the percentage rate of ... More


Date extended for IFFK passes
THIRUVANANTHAPURAM: The last date for submitting applications for delegate passes for the 10th International Film Festival of Kerala (IFFK) has been extended up to November 30. The festival will begin here on December 9 and conclude on ... More


Japanese cos plan to invest $1.5 b in next three years
A HOST of top-notch Japanese companies are lining up for investments in India over the next three years. The Japanese Ambassador, Mr Yasukuni Enoki, on Tuesday said companies including Toyota Motor Corporation, Honda Motorcycle, Suzuki Motor ... More

`Japanese FDI in manufacturing to boost bilateral trade'
THE Japanese Ambassador to India, Mr Yasukuni Enoki, on Tuesday said that he does not expect a "sharp increase" in bilateral trade over the few next years. He however felt that the planned foreign direct investment (FDI) of over $1.5 billion ... More


Nabard sanctions Rs 359.62 crore to AP
THE National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 359.62 crore to Andhra Pradesh towards rural infrastructure and irrigation projects, under the Rural Infrastructure Development Fund (RIDF-XI). The Project ... More


Global, domestic players to take part in ACMEE
ACMEE 2006, the international industrial exhibition organised by the Ambattur Industrial Estate Manufacturers' Association (AIEMA), will bring together global outsourcing leaders such as Cummins (US), Scania (Sweden), and Packar - DAF (Sweden) ... More

FAPCCI seminar on tech transfer at Vizag
THE Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) will organise a one-day seminar here on Thursday on technology development and transfer. Mr C.V Atchut Rao, the president of the FAPCCI, said at a press meet here on ... More


Entrepreneurship programme at Hyderabad
HYDERABAD: The Centre for Entrepreneurship Development (CED) is organising a training programme for youth and women during November 24 to December 10. The programme would be held at the campus of the Association of Lady Entrepreneurship ... More


SCCL contributes Rs 1 cr to AP CM's Relief Fund
HYDERABAD: Singareni Collieries Company Ltd handed over a cheque of Rs 1.03 crore to the State Chief Minister, Dr Y.S. Rajasekhara Reddy, towards the CM's Relief Fund principally aimed at helping the victims of tsunami and recent ... More

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Top Stories
NCDEX Nov contracts witness record deliveries

Processed foods: `Adherence to safety norms vital'

`Cement cos margins under pressure'

`World oil prices likely to settle at $64 up to 2010'

Crowding broadcast space to lower margins

GlaxoSmithKline prepares to bring bird-flu drug to India

AstraZeneca Plc to sue Ranbaxy on ulcer drug

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FDI in retail sector
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In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Nov. 13-Nov. 19
`Food processing, key to economic growth'
Frozen idlis, chilled curry tickle global palate

Amidst volatile price situation ...
Cost control, product mix boost steel cos' numbers

ELSS investment in current fiscal eligible for tax benefits

Turning to faith to find the missing daughters

Rabi oilseeds, pulses coverage promising — Better storage level helps timely sowing

We can beat the hell out of the Chinese, says Tata Steel MD

`Emulate Chinese model in project management'

Sahai favours zero sales tax on perishables — Urges 4 pc levy on other food items; issue raised with Finance Ministry

High inputs costs hit domestic steel firms in Q2: Assocham

Edible oil imports rise 15 pc in 2004-05 season

Petro goods: Finance Ministry urged to restore excise on end price

To counter synthetic threat — Natural diamond to sport WFDB Mark from June

South-East Asia may look to India for sugar

Volcker report: Reliance says it paid no surcharge for Iraqi crude

Export growth resumes pace in October

Govt to form SPV for investments by overseas Indians

More jobless among the educated: Study

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