Financial Daily from THE HINDU group of publications
Wednesday, December 21, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Fresh `low' alert even as tropical storm drifts away from TN coast
AS tropical storm 07B curved back into the high seas off Pondicherry to firmly put itself on a track away to the north-northeast, fresh alert has been sounded of a new `low' converging over the south-central Bay of Bengal around the weekend. ... More

NON-CONVENTIONAL ENERGY


Sugar mills start ethanol delivery
THE programme to supply ethanol-doped petrol, gasohol, is finally picking up with sugar mills starting delivery to Indian Oil Corporation. According to sugar industry sources, ethanol deliveries have commenced, but of the three oil marketing ... More

SOCIAL SECURITY


Seamen PF: Bombay HC directs Govt to take decision in 4 weeks
THE Bombay High Court has directed the Union Government to take an appropriate decision within four weeks on how it will deal with the Rs 92.78-crore loss suffered by Seamen's Provident Fund (SPF) in securities trading in 2002. The directive ... More

ECONOMY


Most sectors post growth in April-Oct
THE overall growth rate during the April-October 2005 period has come down in respect of most of the sectors as compared to the growth rate achieved during the same period last year. However, only fertilisers and petroleum registered negative ... More

ENVIRONMENT


Carbon credits trading — UN panel extends deadline for prompt start projects
IN a move that would benefit several Indian projects wanting to trade carbon credits, the UN panel has extended the December 31, 2005 deadline for `prompt start' projects by one year to December 31, 2006. Prompt start projects are those that ... More

FOREIGN TRADE


Sharjah free zone invites Indian entrepreneurs
The SAIF official said the target was to enlighten Indian entrepreneurs on the need for synergising the two strong economies in order to tap the unfolding opportunities in the global trade. More

HEALTH


Pfizer launches Viagra in India — 50 mg tablet priced at Rs 463
IT was just an idea in 1989 when Pfizer's Dr Peter Ellis, joint patent holder on Viagra, thought that sildenafil citrate could be effective in treating erectile dysfunction (ED). That the drug would go on to capture popular mind-space, with ... More

Professorship offered to former MAHE Vice-Chancellor
THE Union Ministry of Human Resource Development has offered the position of National Research Professor to Prof. M.S. Valiathan, former Vice-Chancellor of Manipal Academy of Higher Education (MAHE). A MAHE release said here that the ... More

INFRASTRUCTURE


Call to adopt execution-oriented approach for quality infrastructure
THE Chairman and Chief Mentor of Infosys Technologies, Mr N.R. Narayana Murthy, has underlined the need for adopting an execution-oriented approach to ensure development of quality infrastructure in the country. Addressing presspersons on the ... More

Spl economic zone, fiscal management Bills passed in AP Assembly
A BILL to facilitate the development, operation and maintenance and regulation of special economic zones (SEZs) was introduced and passed here on Tuesday in the State Legislative Assembly. This Bill is aimed at targeting promotion of economic ... More

PSU


New head of BHPV to take charge on Friday
MR Om Prakash, who has been appointed the Managing Director of Bharat Heavy Plate and Vessels Ltd, will assume charge on Friday, according to a company press release. He is now the unit general manager of Hindustan Machine Tools Ltd, tractor ... More

PETROLEUM


`IOC not keen on LNG project at Krishnapatnam Port'
Study favours Ennore: Aiyar

THE Petroleum Minister, Mr Mani Shankar Aiyar, on Tuesday informed the Rajya Sabha that Indian Oil Corporation (IOC) is not pursuing the proposed liquefied natural gas (LNG) project at Krishnapatnam Port in Andhra Pradesh, as the port selection ... More

Indian Oil to focus on retail consolidation
More value-added services such as installation of electronic dispensers, quality improvement and dispensing branded fueling on the cards. More

GAIL, Coal India in pact for gasification projects
WITH soaring demand for clean fuels and a tight supply situation, GAIL (India) Ltd has entered into an agreement with Coal India Ltd (CIL) for its pursuits in the surface coal gasification (SCG) projects. This will help in taking further steps ... More

PHARMACEUTICALS


What's the racemate in `Formula 1' of the pharma race?
ALMOST every court verdict creates winners and losers in equal measure. For instance, the December 16 verdict of the US District Court of Delaware has www.pfizer.com announcing as the latest news headline, ... More

IICT bags award for patent
HYDERABAD: The Indian Drug Manufacturers Association (IDMA) has selected the Indian Institute of Chemical Technology (IICT), here for the `Best Patent Award' for 2004-05. The IICT has been selected for its US patent granted for ... More

POWER


Gas supply contract issue — NTPC files case against Reliance
NATIONAL Thermal Power Corporation on Tuesday moved the High Court of Bombay against Reliance Industries Ltd (RIL), putting into action a warning earlier this month that it would take "legal and other steps" against the company for not honouring ... More

TAXATION


Port-related infrastructure: CBDT eases norms for getting tax breaks
AVAILING oneself of tax breaks for creation of structures at the ports for storing, loading and unloading just got simpler. The Central Board of Direct Taxes has relaxed the conditions that have to be met for such structures to form part of ... More

EEPC decries move to tax DEPB beneficiaries
SEEKING an immediate review of the proposed amendments to Section 80 HHC of the Income-Tax Act, engineering exporters have suggested to the Government that the Bill should not be passed in its current form. They have suggested the Government ... More

Taxation laws Bill passed
THE Parliament on Tuesday passed the crucial Taxation Laws (second amendment) Bill, 2005, that sought to, among other things, bring legal validity to the income-tax department's efforts to recover tax on a retrospective basis on certain income ... More

TEXTILES


Textile industry trends workshop in Coimbatore
A WORKSHOP on textile industry trends and opportunities will be held here on December 22 and 23. The two-day workshop being organised by Hi-tech International Trade Fair India Pvt Ltd, a company specialised in organising textile machinery ... More

WATER


Water levels increase in Kerala reservoirs
THIRUVANANTHAPURAM: Water levels at the three major reservoirs in the State - Idukki, Idamalayar and Kallada - have recorded considerable increase when compared to the last year. Figures released by the Central Water Commission ... More

COAL


NTPC likely to get seven coal blocks
NTPC's foray into coal-mining is aimed at ensuring timely availability of fuel for its stations and at controlling the fuel cost, which constitutes around 50 per cent of its bulk supply tariffs. More

RADIO/TV


TDSAT stays cable TV rate hike
THE Telecom Disputes and Settlement Appellate Tribunal (TDSAT) on Tuesday stayed the four per cent increase in cable TV charges recommended by the Telecom Regulatory Authority of India (TRAI), which comes into effect in the New Year. A bench ... More

EDUCATION


Striving for e-literacy
By focusing on e-literacy Kerala has re-asserted its commitment to maintaining a superior quality of life for its citizens, while continuing to provide a model for other developing regions. More

Red Hat, CII arm Shiksha in pact to distribute free content to schools
RED Hat, the provider of open source solutions to enterprises, and the CII's Shiksha India Trust have signed an MoU to work together to modernise the Indian education system. Under the agreement, Red Hat and Shiksha will make the latest in IT ... More

CARS


Wagon R, Alto `APEAL' the most
NEW-vehicle buyers' delight with their vehicles continued to improve for the seventh consecutive year, according to the J.D. Power Asia Pacific 2005 India Automotive Performance, Execution and Layout (APEAL) StudySM, released on Tuesday. In ... More

HCV/LCV/TRACTORS


Exports, southern markets to power tractor sales
A HIGH double-digit jump in exports and growth momentum in the southern States will see the tractor industry cruise to the 275,000-280,000-units levels this fiscal. In fact, the tractor industry is expected to cross its all-time high of about ... More

REAL ESTATE & CONSTRUCTION


Anand Rathi Realty Fund raises Rs 150 cr, targets tier-2 cities
The Fund with a target corpus of Rs 500 crore will focus on partnering with developers in tier-2 cities to cater to the growing demand for quality residential space in these cities and also earmark some investments in rental income yielding ... More

Dubai Properties woos Indian cos for Business Bay venture
DUBAI Properties, a member of Dubai Holding Group - an investment arm created by the Dubai Government last year, is looking at wooing Indian construction companies. The plan is to get Indian builders and construction material manufacturers ... More

INDUSTRY ASSOCIATIONS


Auto, textile sectors in TN set to grow by 10 pc: CII study
A SURVEY by the Confederation of Indian Industry - Southern Region (CII-SR) shows that automotive, auto components and textile industries in Tamil Nadu are set to grow by 10 per cent in the second half of 2005-06 over the first half of the ... More

BIO-TECH & GENETICS


Biotech sector may get Rs 1,000-cr funds
The five-year National Biotechnology Development Strategy is in the final stages of approval. More

WTO


Domestic concerns addressed at WTO meet: Kamal Nath
THE Union Commerce and Industry Minister, Mr Kamal Nath, today said the decisions arrived at Hong Kong Ministerial of the World Trade Organisation on key issues such as agriculture and industrial tariffs would safeguard the domestic interests as ... More

RURAL DEVELOPMENT


CII takes a cue from Thailand for promoting rural hubs
Each rural hub will seek to improve the quality of local produce and products in handpicked rural business hubs, which would be the size of a village block by using modern training and production processes. More

EVENTS


Calcutta HC dismisses plea on trade fair issue
JUSTICE Jayanta Kumar Biswas of the Calcutta High Court today dismissed the petition of G.S. Marketing, seeking an order restraining the State Government from holding the International Trade Fair at the city Maidan. While dismissing the petition, ... More

  • In Hyderabad today

    EXPORTS & IMPORTS


    Shellac council told to sustain value-added route for exports
    THE Shellac and Forest Products Export Promotion Council (SHEFEXCIL), formerly Shellac Export Promotion Council (SEPC), which recorded exports of Rs 166 crore during 2004-05, has been urged to sustain the flow of export of value-added shellac and ... More

    ALTERNATIVE MEDICINES


    Call to exploit herbal technology potential
    EXPERTS at a seminar have stressed the need for a continuous dialogue between the herbal and the biotechnological community to fully exploit the potential of herbal technology in the country. The world market for herbal drugs is dominated by ... More



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    Top Stories
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    In Depth

    Gender Justice
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    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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