Financial Daily from THE HINDU group of publications
Saturday, December 17, 2005
Markets (December 16 - at 15.30 IST)
BSE Sensex9284.46(+114.06)
S&P CNX Nifty2810.15 (+31.06)
US Dollar (Buy/Sell)45.33/45.47 (latest)



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Depression in Bay not likely to intensify further
Rain/thundershowers are likely at a few places over Andaman and Nicobar Islands and isolated over Tamil Nadu, Pondicherry, Kerala and Lakshadweep. While fairly widespread rains are likely to commence along the Tamil Nadu coast from as early as Friday night, isolated to scattered rainfall is likely over south coastal Andhra Pradesh and south interior Karnataka from Saturday morning. More


Canara Bank in talks with UNEP on carbon credits
CANARA Bank has offered to negotiate for carbon credits on behalf of industrial and domestic solar power and water heater customers as part of its green energy financing initiative. Speaking to Business Line, Mr R. Prabha, General ... More


Pension through banks in Kerala
THIRUVANANTHAPURAM: Pension payable under the Employees Pension Scheme 1995 will not be disbursed through post offices from this month onwards, an official spokesperson announced here. This is in accordance with the amendment of ... More

CPI(M) opposes Pension Bill, wants reworking of provisions
THE CPI(M) today opposed any move to privatise the pension fund and sought restoration of 9.5 per cent interest on Employees' Provident Fund (EPF) and urged upon the Government not to abandon its responsibility of protecting the working ... More


Forbes finds India's rich outstrip China's
FOR all the hype and hoopla over China as an economic powerhouse, India's richest 40 are collectively worth a whopping $106 billion, four times more than China's richest 40 having a collective worth of only $26 billion, points out Forbes' latest ... More


Class on LASIK eye care in Hyderabad
HYDERABAD: The L V Prasad Eye Institute (LVPEI) will conduct an awareness class on LASIK (Laser refractive error correction technology) here on Sunday. Dr Somasheila Murthy, Dr B S Ramamurthy and Dr Merle Fernandes will speak on the ... More


PM launches `Bharat Nirman' project
THE Prime Minister, Dr Manmohan Singh, on Friday launched the ambitious Bharat Nirman initiative aimed at strengthening the country's rural infrastructure including water supply, power, housing and roads, and proposed a `specific financing ... More


CCEA strikes down ONGC plan to invest in Nigeria
THE Government has shot down a proposal of ONGC Videsh Ltd (OVL) to pick up stake in a Nigerian oil and gas field, while at the same time permitting downstream public sector oil companies to partner Oil India Ltd (OIL) in scouting for oil and gas ... More

Aiyar presents pricing options to energy panel
THE Petroleum Minister, Mr Mani Shankar Aiyar, on Friday made a presentation before the Energy Coordination Committee headed by the Prime Minister, Dr Manmohan Singh, on the crude oil production scenario and the sticky issue of pricing and ... More

Iran-Pakistan-India pipeline talks to go trilateral
PAKISTAN on Friday expressed hope that the project structure of the Iran-Pakistan-India gas pipeline would take a concrete shape by the middle of next year. At the close of the first day of the third India-Pakistan Joint Working Group (JWG) ... More


KPTCL to raise Rs 900 cr to fund transmission upgradation this fiscal
After unbundling into separate distribution and transmission companies KPTCL's risk rating has undergone a change. Most financiers now seetransmission companies as low risk borrowers. This was because of the consistent cash flow stream of transmissio n companies. More


CST phase-out: States seek full Central compensation
THE States have now made it known to the Union Finance Minister, Mr P. Chidambaram, that full Central compensation of central sales tax (CST) losses was an essential pre-condition for phasing-out this tax from April 1 next year. Apart from ... More


Bomb scare at Parliament House
BOTH the Houses of Parliament were abruptly adjourned just before noon on Friday on receipt of an e-mailed threat of bombs going off in the building. The entire complex was immediately vacated and after a two-hour search, security agencies ... More


Cable TV sector seeks industry status
It will soon approach the Union Ministry of Information and Broadcasting to push for its agenda in this regard, Mr Sanjay Mansukhani, Secretary of Cable TV Equipments Traders and Manufacturers Association (CTMA) , on Friday told a news conference ... More


Towards sustaining prosperity
The town lies in a hot and dry belt. The soil is black. The minerals found are limestone, charnockite and unclassified gneissic rocks. It has rainfall much below the state average. It has a high mean temperature and a low degree of humidity. ... More

Unique `Mahamai' practice
The desire to progress and the unity of purpose in action without jealousy get best exemplified in the conduct of traders of Virudhunagar, the majority of whom belong to the Nadar community. As traders during the British regime they felt the ... More

Singapore shifts focus to hospital tourism, education
THE Singapore Government is now focusing on the hospital tourism and education sectors. Service industries are also being encouraged to set up base. International Universities including Massachusetts Institute of Technology (MIT) and Stanford ... More

IIM-K inks pact with NZ varsity
THE Indian Institute of Management (Kozhikode) has signed an agreement with the Victoria University of Wellington, New Zealand, for scientific and educational cooperation. Professor Krishna Kumar, Director of the institute, signed the ... More


Puravankara forays into Kochi
KOCHI: The Bangalore-based Puravankara Projects has announced its foray into Kochi with the launch of Purva GrandBay, a residential apartment at Marine Drive. The 14-floor high-rise single structure comprises 265 luxury sea-facing ... More

Kumar Builders eyes retail space in Mumbai, Bangalore
THE city-based Kumar Builders, with interests in retail mall development and construction of speciality IT parks, has drawn up plans to invest over Rs 800 crore in the next five years to take its brands into cities such as Bangalore and ... More


Mysore Silk gets geographical indication
The Mysore silk story began in 1912 with the royal Wodeyar family nurturing the weaving art by importing 32 looms (that are still functioning) from Switzerland. More


CSIR's IP, tech management scheme gets nod
THE Cabinet Committee on Economic Affairs has given its approval to the Council of Scientific and Industrial Research to implement an Intellectual Property and Technology Management scheme at a total cost of Rs 145.15 crore over the period of the ... More

Cabinet clears next stage of GSLV project; to cost Rs 1,325 cr
THE Cabinet gave its nod to undertake the next stage of the Geo-Synchronous Satellite Launch Vehicle (GSLV) project that entails sending seven communication satellites into the orbit. At an estimated cost of Rs 1,325 crore this GSLV project ... More


Small film producers oppose move on big-budget films
"There are good films and there are bad films, there is nothing like a big film or a small film," said Mr Tammareddy Bharadwaja, a senior producer. More


HP upbeat on print industry in India
INDIA is the fastest growing print industry after China, according to Mr Steve Donegal, Business Manager, Digital Press, HP Imaging and Printing Group, Asia Pacific and Japan. Addressing the press at the opening of Hewlett-Packard's (HP) and ... More


Kerala: Rice at Rs 3 a kg mooted
THIRUVANANTHAPURAM: A high power committee of the ruling United Democratic Front (UDF) has recommended that the State Government provide 25 kg of rice a month at a reduced price of Rs 3 per kg to each family below the poverty line. The ... More


Stress on HR for revival of sick units
THE Andhra Pradesh State Finance Corporation (APSFC) Chairman, Mr M. Gopalakrishna, has said that human resources management is crucial for reviving sick industries. He was speaking after inaugurating a three-day national seminar on ... More


`Detach personal values from organisational values'
ETHICS are self-inflicted rules and there are grey areas in legal and ethical issues that have to be clarified by individual employees. Addressing students of MATS School of Business and IT, Bangalore, Mr L.H. Bhatia, former Marketing ... More

Meet on poultry products today
COIMBATORE: A national meet on poultry products exporters will be held in Namakkal on Saturday. The meet is to be attended, among others, by the chairman of the Agricultural Processed Food Products Export Development Authority (APEDA), Mr ... More

  • In Hyderabad today


    British venture capitalists scouting for talent in India
    VENTURE capitalists from the United Kingdom are in search of exceptional `intellectual property' among Indian entrepreneurs who could benefit from investing in the United Kingdom and partnering with companies there. The British venture ... More


    No unjust enrichment by not refunding
    T. C. A. Ramanujam on the issue of refunds and time-barred assessments More

    EET: An exercise in pettifogging
    S. Murlidharan on the questions that emerge from the exempt-exempt-tax idea More

    Out-of-pocket outgoings
    Sanjiv Agarwal on whether reimbursement of expenses forms part of value of taxable services More


    `Himalayan quakes may occur sooner than expected'
    WHILE the rupture zones of recent major earthquakes are immune to similar-sized earthquakes for hundreds of years, they could be vulnerable to even bigger destructive temblors sooner than scientists suspect, according to analysis by University of ... More

  • Rs 132-cr subsidy for tsunami-hit fishermen


    Names of banned applicants in ICICI Bank issue removed
    A SCRUTINY of the applicants to the ICICI Bank issue has yielded the names of three or four investors who are among the 13 individuals and entities banned by SEBI from trading in YES Bank shares yesterday. These names have been removed from the ... More

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    Top Stories
    Nokia to set up global network solution centre in Chennai

    MFs' exposure in equities doubles to Rs 70,846 cr

    LIC not keen on taking over IFCI — IDBI may again emerge sole contender

    Forex reserves rise $845 m

    Coffee farmgate prices rise on global trend

    `Himalayan quakes may occur sooner than expected'

    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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