Financial Daily from THE HINDU group of publications
Thursday, December 08, 2005
Markets (December 07 - 15.30 IST)
BSE Sensex8895.81(+80.25)
S&P CNX Nifty2693.00 (+30.70)
US Dollar (Buy/Sell)46.19/46.32



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Why support to R&D is crucial
If India is to compete in the international markets for goods and services, it must give top priority to high quality advanced education in science and technology with a sharp focus on research and development. Only that can help meet the choices of goods and services that consumers exercise. In this effort, the private sector and the government must supplement each other with investments and incentives, says A. Vasudevan. More


Tropical cyclone `Fanoos' threatens south coastal Tamil Nadu
Coastal Tamil Nadu and south coastal Andhra Pradesh are likely to receive a fresh spell of fairly widespread to widespread rains with isolated heavy falls from Thursday evening. More


PF interest rate fixed at 8.5% — Rs 370-cr shortfall likely
THE approximately four crore subscribers of the Employees Provident Fund Organisation (EPFO) will have to undergo a loss of one percentage point interest, compared to last year, on their provident fund deposits. The Central Board of Trustees ... More


Govt bid to make India an automotive hub
THE Government on Wednesday assured domestic and global auto companies all help to make India an automotive hub. "We realise the tremendous opportunities in the auto sector. The Government is committed to taking all steps to encourage auto firms ... More


Kerala: Minister claims Rs 40,000-crore investments in 4 years
THE State Government, striving to paint a rosy picture of the State's industrial scene, has claimed that it has attracted investments worth Rs 40,000 crore since the ruling United Democratic Front (UDF) came to power in 2001. The State Industry ... More


Adoor calls for total ban on plastic bags
OVER the past several decades, the Indian education system has undermined the country's ecological traditions, said Dr S. Satis Chandran Nair, Director, INTACH, Southern Regional Office. Addressing a seminar on the `ecological traditions of ... More

JCT project gets UN nod for carbon trading
TEXTILE major JCT's rice husk-based power project at its plant in Phagwara, Punjab, has been registered with the UN panel for clean development mechanism (CDM) projects. CDM projects are those that qualify to trade carbon credits. ... More


Biting into health
Growing health and body consciousness has food companies scrambling onto the health platform. More


Infrastructure projects: Montek for viable public-pvt partnerships
THE Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, advocated spending of the scarce public resources on building infrastructure, health and education in rural areas, while scouting for private investments in a variety of ... More

Peenya industrial units keen to upgrade, tap global business
This is part of the NBIA's future plans to prepare itself for global opportunities More


India could become a hub for vaccine production: PM
INDIA could play a leadership role in generating low cost, effective, easy-to-deliver vaccines which can reach our vast hinterland, said the Prime Minister, Dr Manmohan Singh. Inaugurating the third Global Alliance on Vaccination and ... More


MoUs signed for new steel projects — Jharkhand Govt seeks detailed project report from corporates
BUSINESS houses which have till now signed MoUs with the Jharkhand Government for setting up greenfield steel projects in the State, have been asked to submit detailed project reports (DPRs) between 18 and 24 months from the date of signing of ... More

Need for advanced technology in steel making stressed
THERE is a need to enhance productivity with higher safety standards in steel-making by employing advanced technologies, Mr P.K. Bishnoi, Director (Finance), Visakhapatnam Steel Plant (VSP), said, during the inauguration of the two-day steel ... More


Negative profits: I-T Act change proposed to give relief to exporters
IF the tax treatment of profits on sale of DEPB licences had left the exporting community somewhat aggrieved, there is major relief coming their way on the `negative profit' front. The Taxation Laws (Second Amendment) Bill 2005 introduced in ... More

Parliament approves Tax Tribunal Bill
THE legal decks have been cleared for the setting up of a National Tax Tribunal (NTT), with Parliament approving the National Tax Tribunal Bill 2005. The Rajya Sabha through a voice vote approved the Bill on Wednesday. The Lok Sabha had ... More

VAT revenues in Delhi up 30 pc in April-Nov
DELHI'S value added tax (VAT) revenues during April-November 2005 stood at Rs 4,288 crore. This represents a 30 per cent growth over the sales tax collections in the same period of last year, according to the Delhi VAT Commissioner, Mr R.K. ... More

Kerala Chamber plea on VAT registration
KERALA Chamber of Commerce and Industry has expressed serious concern over the demand of heavy security amount by the Sales Tax officers for granting registration under the VAT Act. Mr C.P. Jain, President of the Chamber said that this has ... More


Textile industry holds promise with removal of quota regime
THE dismantling of the quota presents an opportunity for India to enhance its global export market share in textile trade through appropriate policy response and fostering an environment to overcome specific constraints now plaguing the industry, ... More


DoT clears Tata-Star DTH proposal
THE Department of Telecom (DoT) has cleared the Tata-Star Group's Direct-To-Home (DTH) proposal paving way for the company to foray into the digital television segment. The company had recently announced that it has signed an agreement with the ... More


Visvesvaraya varsity opens centre of excellence
VISVESVARAYA Technological University (VTU), in association with UGS, has announced the inauguration of the VTU-UGS PLM Centre of Excellence at the university campus in Belgaum. "We look forward to leveraging this facility for running ... More


Exim Bank proposes 3 funds for food processing sector
THE Exim Bank of India has recommended three development funds for the expansion of the food processing sector. These include the Agro Export Infrastructure Development Fund (AIDF), Export Market Development Fund (EMF) and Fund for Organic ... More


Indian elected to Abu Dhabi trade body board
MEMBERS of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), the apex business regulatory authority of the oil rich emirate of Abu Dhabi, has elected a prominent Abu Dhabi-based NRI businessman to its board of directors. Mr Yousuf Ali M.A., ... More


Women employee ratio in SSI sector higher in South
THE proportion of women employees in the small-scale industrial (SSI) sector in the country was 13.31 per cent in 2004, while it was over 20 per cent in Mizoram, Orissa, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu and Pondicherry. The total ... More


CPI(M) against FDI in retail: Karat
THE Communist Party of India (Marxist) on Wednesday said the party is not generally opposed to foreign direct investment, but it certainly does not buy the arguments being used to allow FDI in retail trade. Speaking at an interactive session ... More


HK meet of WTO a `staging post' for greater convergence: Kamal Nath
WITH the sixth Ministerial meeting of the WTO set to begin early next week in Hong Kong, India views the Hong Kong conclave as "a staging post to bringing about greater convergence" among member countries on contentious issues like agriculture ... More


CII organising meet on pumps tomorrow
THE Confederation of Indian Industry in association with the Indian Pump Manufacturers' Association and the Southern India Engineering Manufacturers' Association is organising a two-day `National conference on pumps' with a special focus on ... More

Textile machinery expo from Dec 15
THE third edition of `Technomas', the exhibition of textile machinery and accessories, will be held in the powerloom town of Komarapalayam between December 15 and 18. The exhibition will showcase latest machinery in the areas of weaving, ... More

IDBI Bank property expo at Hyderabad
HYDERABAD: IDBI Bank is organising a three-day annual mega property exhibition titled `Homes 2005' at Hotel Viceroy here from Friday. In a press release here on Wednesday, the bank said the expo would bring under one roof reputed ... More

Annual management event at Mumbai
MUMBAI: Samavesh 2005, the annual management event of the K.J. Somaiya Institute of Management Studies and Research, which was inaugurated by Mr Subhash Chandra Goel, Chairman, Zee Telefilms earlier this week, brought students into direct ... More

`Structural dynamics plays key role in disaster mitigation'
STRUCTURAL dynamics has a great role in disaster mitigation and also in several other fields and India has enough manpower to excel in the discipline, according to Dr B. Dattaguru of the Department of Aerospace Engineering, Indian Institute of ... More

  • Executive development programme at Mangalore
  • In Hyderabad today


    Shrimp exporters turn innovative; revamp biz
    BUFFETED by the US anti-dumping duty, Indian shrimp export is in a major revamp mode. The bigger companies have started value addition in their factories, branding the product and packaging it in smaller consumer pouches for the US consumer. ... More

    Oilmeal exports up 16 pc in April-Nov
    OILMEAL exports increased 16 per cent during the April-November period of the current fiscal to 18,22,425 tonnes from 15,74,306 tonnes during the corresponding period a year ago. Exports in November rose 49 per cent to 3,21,692 tonnes ... More


    Finance Ministry releases Rs 500 cr for relief work in TN
    THE Finance Ministry has released Rs 500 crore on `on account' basis from the National Calamity Contingency Fund (NCCF) to Tamil Nadu for undertaking relief work in the State affected by heavy rains and floods. The money was released in ... More


  • Mangalore mgmt assn award

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    Top Stories
    Suzuki all set to launch 125-cc bike in January

    `Software services to create product opportunities'

    India could become a hub for vaccine production: PM

    Shrimp exporters turn innovative; revamp biz

    SBI upgrades plan to roll out ATMs — We expect explosive growth on this front: Purwar

    Zee plans Hindi, Tamil, Bengali audio feeds for India-Sri Lanka matches

    In Focus

    FDI in retail sector
    Indian Aviation: Sky is the limit
    India Inc's bonus bonanza
    Sethusamudram Canal Project
    India Inc's overseas acquisition

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk

    Looking back
    Nov. 27-Dec. 3
    We missed the IT bus: Mukesh Ambani

    LIC welcomes FDI in insurance biz

    Tiles industry resents `dumping' by China

    `FMCG cos must adopt aggressive strategies to realise growth potential'

    AP mosambi finds space in Singapore retail shelf

    Good response to Indo-UK `twinning' study courses

    Panel on EET system of taxation submits report

    After H1 bull run, rice exports may slacken

    Govt plans to decontrol fertiliser prices; may start with SSP

    Infrastructure growth slows in Oct

    Govt expects liberal dividends from PSUs

    Centre to unveil pharma policy soon

    Rlys fears higher classification for iron ore may hit earnings

    BG India, ONGC to operate 3 offshore deepwater blocks

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