Financial Daily from THE HINDU group of publications
Monday, December 12, 2005
Markets (December 09 at close)
BSE Sensex9067.28(+160.97)
S&P CNX Nifty2756.45 (+49.75)
US Dollar (Buy/Sell)46.19/46.20



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Land features mellow `Fanoos'
TOPOGRAPHY of the point of landfall forced Tropical Cyclone Fanoos to smash its underbelly against the island mass of Sri Lanka, letting open a pressure valve on the left flank and sparing the adjoining south Tamil Nadu coast collateral damage. ... More


CDM body clears TASMA wind energy project
THE wind energy project presented by Tamil Nadu Spinning Mills Association (TASMA), seeking registration for carbon emission reduction (CER) certificates, has received the host country approval from the National CDM (clean development mechanism) ... More


Pension corpus of new Govt staff swells to over Rs 2,500 cr
THE pension kitty that would be available for fund mangers from day one of the proposed New Pension System (NPS) is steadily swelling. With pension reforms getting repeatedly stuck in the political quagmire, the corpus built through contributions ... More


Call for closer ties between SAARC, Gulf states — Top 50 Indian, Gulf cos urged to step up investments
GREATER economic co-operation between the two political blocs - Gulf Cooperation Council (GCC) and SAARC - and the need for the top 50 Indian and Gulf companies to actively interact through large investments on both sides are among a host ... More

PM hopes for more intra-Asian trade linkages
THE Prime Minister, Dr Manmohan Singh, left for Malaysia today with the expectation the East Asia Summit would articulate a collective "long-term vision" for shaping the regional architecture and promoting community building. During his ... More

`India must work to expand trade among SAARC'
THE Foreign Secretary, Mr Shyam Saran, has emphasised the need to put in place the platform that would facilitate trade and commerce amongst the SAARC countries. Speaking at a seminar on `13th SAARC Summit: The Road Ahead', organised by PHD ... More

India urged to open capital markets to Arab investors
INDIA should open its capital markets and other investment avenues to individual Arab investors who are keen to invest in attractive ventures overseas, Sheikh Sultan bin Saud Al Qasimi, a leading UAE businessman and Chairman of Barjeel Geojit ... More


Development projects — Kakinada port in troubled waters
KAKINADA port — the second most important in Andhra Pradesh after Visakhapatnam — is caught in a lot of turbulence because of what is being termed an ad hoc approach of the State Government in ... More


India-China combine faces tough competition in Syrian oil stake bid
THE combined negotiating skills of the State-owned energy firms of China and India - China National Petroleum Corp (CNPC) and ONGC - are being put to test for acquiring assets in Syria due to aggressive bidding by other players. Sources ... More


Call to reduce power tariffs in Kerala
THE High Tension and Extra High Tension Electricity Consumers Association has urged the government to reduce the power tariffs, saying that the present situation did not warrant a continuation of the hike due to the comfortable position in the ... More


BJP meet may focus on VAT revenue loss compensation and CST phase-out
Rajasthan, Gujarat, Madhya Pradesh, Chattisgarh and Jharkhand are the five BJP-ruled States that are yet to switch over to State-level VAT. More

Khaitan & Co all set to launch indirect tax practice
KHAITAN & Co, Advocates, Solicitors, Notaries, Patent & Trademark Attorneys, with offices in Mumbai, Kolkata, Kolkata and Bangalore, is all set launch its indirect tax practice in a big way. The company, counted among the oldest law firms in More


Hindustan Latex launches nationwide hospital network
WITH a view to offering quality and affordable reproductive and child healthcare services in rural and semi-urban areas, a trust set up by Hindustan Latex has kicked off a nationwide hospitals network with the brand name LifeSpring Hospital, ... More


Madhucon inks pact for Kukatpally project
HYDERABAD: Madhucon Projects Ltd has announced that it has signed an agreement with the Andhra Pradesh State Housing Board for developing a housing-cum-commercial project on 9.04 acres at Kukatpally. In a release, the company said that ... More


Sat-nav system GAGAN demo in mid '06 likely
Its business opportunities are enormous. Apart from cellular and satellite phones, sat-nav can eventually spread to umpteen GPS-needing users such as railways, logistics and cars. More


Bangalore to have film city by next year-end
BY next year-end, Bangalore will have a mega film city and entertainment centre. The Innovative Film City is a Rs 150-crore project housing six mega studios, a film institute, a production house, an IT park, a wax museum, a retail street and a ... More


Bowl of untangled spaghetti with sauce to embellish
WITH the Sixth Ministerial Conference only a day away, there is enough indication that we may once again witness what has now become a routine tie: WTO vs RTA. While the World Trade Organisation (WTO) pushes for ... More


Left parties preparing plan to identify sources to fund NIF — To press for review of Govt sops to industrial units
THE four Left parties are working on preparing a roadmap within the framework of the National Common Minimum Programme for identifying alternative sources of fund raising for the National Investment Fund (NIF). The broad areas from where funds ... More


Textile expo at Vizag
VISAKHAPATNAM: Finlay's Mills — a unit of the National Textile Corporation (South Maharashtra) — is holding an exhibition of its cotton products here from Monday to January 15. The exhibition of a new range of exquisite ... More

  • Agenda for the week


    Chamber seeks withdrawal of FBT
    THE Indo-American Chamber of Commerce (IACC) has called for the withdrawal of the Fringe Benefit Tax (FBT) at the earliest, stating that it has adversely impacted the competitiveness and the globalisation efforts of Indian companies. In a ... More


    IAF rescues flood victims from Amaravathi River
    AN IAF helicopter from Sulur Air Force Station, near Coimbatore, today rescued four villagers who were stranded in the middle of the swollen Amaravathi river after water was released from Amaravathi dam due to torrential rains. IAF swung ... More


    CEOs seek Kerala Govt help in popularising ayurveda
    CEOs of various ayurvedic institutions have called upon the Government to extend maximum support for the development of ayurveda in view of its increasing popularity worldwide. They were of the view that ayurveda has to be developed as an ... More


    Move to boost medical tourism in Kerala
    KERALA Tourism is working on an initiative to give a boost to medical tourism in the State. According to Mr B. Suman, Director of the State's Department of Tourism,the availability of high-quality healthcare infrastructure at reasonable prices ... More

    Bangalore lures tourists for X-Mas, New Year celebrations
    CAN Bangalore live down its image of being a stop-over for only global CEOs and VIPs? No effort has been made to so far to make the city a leisure tourists' choice. However, as Christmas and New Year are falling on week-ends this year, ... More


    SEBI tracking `abnormal' stock price movements
    BUOYED by the success in cracking the whip on jacked-up penny stocks and saving thousands of gullible investors, the Securities and Exchange Board of India (SEBI) has further strengthened its surveillance system for `early detection' of ... More

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  • Top Stories
    Bankers shuffle long-dated bonds

    Left parties preparing plan to identify sources to fund NIF — To press for review of Govt sops to industrial units

    BJP meet may focus on VAT revenue loss compensation and CST phase-out

    Close-end schemes - Not preferred ones?

    Bulls don't win bullfights, people do

    India-China combine faces tough competition in Syrian oil stake bid

    In Focus

    Trends in IT - 2005
    FDI in retail sector
    Indian Aviation: Sky is the limit
    India Inc's bonus bonanza
    India Inc's overseas acquisition

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk

    Looking back
    Dec. 4-Dec. 10
    Bill to amend CST Act to be introduced

    For Railways, steel may indeed be worth its weight

    `Growth story for paints is here'— Booming economy drives domestic market to the fore

    Crop cover: Satellite images to assess claim payouts

    Tax experts want wider scope for quoting PAN to check evasion

    Panel for exempting contribution to superannuation funds from FBT

    `Releasing ads thru DAVP not in PSUs' interest'

    Cotton exports likely to top 20 lakh bales

    EEPC facilitates $1-m export orders from SE Asian markets

    e-encyclopaedia on traditional knowledge getting ready

    China's appetite for commodities far from satiated

    German textile machinery industry bets big on India

    30 pc chilli output dip may hit oleoresin sector

    Niche foreign retailers have big plans for India

    Shrimp exporters turn innovative; revamp biz

    India could become a hub for vaccine production: PM

    China's auto sector set to enter critical phase

    Centre tries hi-tech initiative to monitor power stations

    Advanced degree H-1B visas likely to dry up soon

    BMW looking to source components from India — Signs pact with TN for CKD plant

    15 lakh t soyameal contracted for exports

    Beer: No more a seasonal drink?

    PM urges unions to respond to changing times

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