Financial Daily from THE HINDU group of publications
Monday, December 19, 2005
Markets (December 19 - at 10.55 IST)
BSE Sensex9346.04(+61.58)
S&P CNX Nifty2830.80 (+20)
US Dollar (Buy/Sell)45.2250/45.2550 (latest)



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Bay system moves parallel to coast
FRIDAY'S depression over southwest Bay of Bengal beat projections to intensify and become a deep depression on Saturday over southwest Bay of Bengal. A numbered tropical storm 07B on Sunday, it lay centred about 350 km southeast of ... More


Canara Bank loan scheme for solar heaters
CANARA Bank has come out with a scheme for financing purchase of solar water heaters at concessional rates of interest. Under the scheme, subsidised by the Union Ministry of Non-conventional Energy Sources (MNES), the rate of interest for ... More


Customs dept sets up help centre at Kakinada
GREATER interaction between taxpayers and the tax collection authorities is required for greater compliance and hassle-free collection, Mr V. Ramu, Commissioner of Customs and Central Excise, Visakhapatnam - II, has said. He was speaking here ... More


France woos more Indian investors
FRANCE, which has over the past two to three years rolled out incentives to attract foreign investors, is now wooing Indian corporates to make investments in the country. The last few years have already seen a significant increase in Indian ... More


AP, IDFC Private Equity sign up for gas grid
A MEMORANDUM of Understanding (MoU) was signed here on Saturday between the Andhra Pradesh Government and IDFC Private Equity to set up the proposed State gas grid. The MoU was signed in the presence of the Chief Minister, Dr Y.S. Rajashekhara ... More


German co in talks with Indian power firms for carbon credits
GERMAN power major RWE Power is in talks with various Indian electricity utilities including NTPC to buy carbon credits. Recently, the company's representative was in India to hunt for possible clean development mechanism (CDM) projects in the ... More

`Power subsidy regime needs modification'
A POLICY initiative to restructure the electricity subsidy regime in Kerala in such a way as to limit it to the poor and the middle class has been called for in order to ensure the financial viability of the State Electricity Board. The subsidy ... More

CII calls for measures to revitalise energy sector
THOUGH the country has made progress in telecom, information technology, knowledge and business process outsourcing sector, India Inc feels that the country is lagging behind on the energy front. According to the Confederation of Indian ... More


`Synchronise service tax with excise duty structure'
PRESENTING a macro view of the evolving service tax scenario in the country, especially where the Government was now emerging in terms of taxation of services, Dr Parthsarathi Shome, Advisor to the Union Finance Minister, said here on Saturday ... More

Centre, States may explore VAT rate hike to offset CST losses
THE Centre and the States may explore the possibility of a slight increase in certain VAT rates to offset the losses arising from Central sales tax (CST) phase-out. This was one of the proposals that came up for discussion during the meeting ... More


`LLP law would help SMEs, services sector'
THE three professional bills to amend the respective legislations governing the professions of chartered accountancy, cost accountancy and company secretaries would be placed in the Lok Sabha on Tuesday, the Company Affairs Minister, Mr Prem ... More


Global Broadcast news channel on air
GLOBAL Broadcast News' (GBN) 24-hour English news channel, CNN-IBN is finally on air. The company, which is from the Television Eighteen India stable, is a 74:26 joint venture between TV18 and Mr Rajdeep Sardesai, Editor-in-Chief, GBN, Mr ... More

WorldSpace global base touches 1 lakh
In India alone, until October this year, the pioneer of satellite-based digital radio services had more than 47,000 subscribers from nine cities. In October alone, it added 12,000 new subscribers of its specially made audio sets. During the third ... More


Private players in education field `inevitable'
THE low Government spending on higher education in Kerala has made it inevitable for an increased role for private players in the education sector in the State, according to some of the participants at a seminar on `Role of Private Universities ... More

ICFAI convocation held
HYDERABAD: The Institute of Chartered Financial Analysts of India (ICFAI) has held its convocation 2005 here on Saturday, where 172 students received their Chartered Financial Analyst (CFA) charters and 1,717 students received their MBA ... More


Dubai company in real estate venture with MGF
EMAAR Properties PJSC, a company promoted by the Government of Dubai, has announced that it is investing over half a billion dollars (over Rs 2,500 crore) in India in joint venture with a domestic real estate company MGF Developments Ltd. A ... More

Dream houses
Kerala Builders Forum is organising a property expo at the Jawaharlal Nehru International Stadium Ground in Kochi. The three-day property fair will showcase apartments and villas by 32 builders and developers from across the State. ... More

Realty developers see scope in tier II cities
WITH the rising cost of living and real estate, as well as over-crowding across metros, people are considering tier-II cities as new possible habitats. The local residents in such cities, who are employed locally or run small businesses, ... More

`Wrong drive'
Shopkeepers staging a dharna against the demolition drive by the Municipal Corporation of Delhi (MCD) in the Capital on Sunday.



Personal care products set for robust growth, says FICCI
WITH the FMCG industry poised for 8 to 8.5 per cent growth in 2005-06, a survey released by the Federation of Indian Chambers of Commerce and Industry (FICCI) reveals that 12 personal care products would continue to register growth rates that ... More


NMDC research finds commercial scope for kimberlite
DID you know that to scoop up two grams (10 carats) of precious diamonds, nearly 100 tonnes of kimberlite (the rock containing diamonds) need to be dug up? While the diamonds fetch a handsome price, the scooped up kimberlite rock, after ... More


Revised draft declaration at WTO meet a positive step: India Inc
The draft provides for reduction/elimination of tariff peaks and tariff escalation in products of developing countries' export interest. More

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Seminar on Sharjah trade zone
HYDERABAD: The CII will organise a seminar on Sharjah Airport International Free Zone (SAIF) on Monday. Sheikh Saqer R Al Qassemi, Deputy Director-General of SAIF, and his team will take part in the seminar. The zone, abutting the ... More

Seminar on ECGC packages
KOCHI: The Cochin Special Economic Zone Industries Association (CSEZIA) has held a seminar here aimed at creating awareness about the ECGC packages available to the industries in the zone. Mr K.K. Pillai, President, CSEZIA, said on the ... More

  • Agenda for the week

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    Top Stories
    Revised draft declaration at WTO meet a positive step: India Inc

    Life insurers book gains in equities; invest in bonds

    RoC e-initiative to open up data on India Inc

    German co in talks with Indian power firms for carbon credits

    Ratna R-Series oil field — Oil Ministry seeks opinion of Law Ministry on ONGC's counter-claims

    In Focus

    Dynamic Tirupur
    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. 11-Dec. 17
    BJP meet may focus on VAT revenue loss compensation and CST phase-out

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

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

    BJP meet gives in-principle nod for VAT adoption; raises fresh concerns

    Fear of `conflict diamonds' entering country — Mines, Industry Ministries differ over 100 pc FDI in diamond mining

    Protests against sending French ship to Alang — Allowing the highly hazardous Clemenceau will 'harm workers'

    Foreign flag vessels may bring down LNG import costs

    On questionable questions

    CMIE increases GDP growth forecast to 7.6%

    Govt identifies more PSUs for divestment

    Employers bullish about hiring: Survey

    Passenger car sales down 2.31 pc in Nov

    India tops US for 2nd spot in FDI destination rankings

    Focus on sustaining higher economic growth

    52 MoUs for mining, but none cleared

    India keeping off Malaysian crude palm oil?

    Indian `Band of Angels' keen to fund start-ups

    Lok Sabha passes taxation laws Bill

    Manufacturing sectors post `impressive' growth

    Aiyar hints at deregulating natural gas prices

    SAT orders compensation for DSQ Soft shareholders

    IOC, ONGC block deal plan to help save on capital gains tax

    8 defunct urea PSUs to be restarted: Paswan

    `Himalayan quakes may occur sooner than expected'


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