Financial Daily from THE HINDU group of publications
Friday, December 23, 2005
Markets (December 22)
BSE Sensex9372.30 (+33.13)
S&P CNX Nifty2835.25 (+12.35)
US Dollar (Buy/Sell)45.19/45.33



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Brewing `low' too feeble: Forecast
INDICATIONS are that the new `low' expected to take shape by Sunday over the southeast Bay of Bengal will be a feeble one and might well turn out to be inconsequential for the peninsular coast. The fast pace with which it is moving and the ... More


Left asks PM to retain EPF interest at 9.5 pc
THE Left parties on Thursday mounted pressure on the Government for providing budgetary support to the Employees' Provident Fund Organisation (EPFO) for retaining the interest rate on provident fund deposits at 9.5 per cent. Around 50 MPs from ... More

UTI MF shortlisted for managing National Investment Fund
THE Government has shortlisted UTI Mutual Fund for managing the National Investment Fund, the new vehicle for funding health and primary education projects. UTI MF intends to leverage its expertise as the country's No. 1 asset manager handling ... More


Fellowship award
HYDERABAD: Dr Jibitesh Rath, Additional General Manager (Personnel & Administration), Midhani, has been conferred "Fellowship" by the National Institute of Personnel Management (NIPM). Dr Rath is at currently the Chairman of NIPM, Andhra ... More


UP annual Plan fixed at Rs 19,000 cr
THE annual Plan size for Uttar Pradesh for the next fiscal (2006-07) has been fixed at Rs 19,000 crore inclusive of one-time additional Central assistance of Rs 250 crore for projects of special importance to the State. At a meeting between the ... More

New periodical released
HYDERABAD: The Institute of Public Enterprise has released a new periodical entitled `Indian Economic Scenario'. The periodical will provide details of key developments relating to industry, agriculture, transport, energy, education and ... More


Reliance to develop gas grid in AP — May set up bio-diesel plant
The Andhra Pradesh Chief Minister asked the Reliance team to ensure supply of gas for domestic, industrial and commercial use in the State by June 2008, according to official sources. More

`Oil marketing cos' under-recoveries continue to rise'
THE Petroleum Minister, Mr Mani Shankar Aiyar, today informed the Lok Sabha that the burden of under-recoveries on the State-owned oil marketing companies (OMCs) continued to rise steeply despite the subsidy sharing mechanism being in place. ... More

HC defers NTPC petition against Reliance
THE Bombay High Court deferred till Friday the petition filed by the National Thermal Power Corporation (NTPC) seeking an ad interim relief against Reliance Industries Ltd (RIL). The relief has been sought, as RIL wants changes in the terms of ... More

High-level Indo-Iran teams to discuss pricing, technical issues
CLOSE on the heels of deliberations between India and Pakistan over the commercial and technical structure of the proposed Iran-Pakistan-India gas pipeline project, high-level delegations from Iran and India are set to meet here to discuss ... More


Synthetic textile exporters seek alternative to DEPB soon
DESPITE the assurances given by Union Ministers and senior Government officials, an alternative to the Duty Entitlement Pass Book (DEPB) scheme for exports is yet to be announced. This has created confusion and uncertainty among exporters, ... More


Cable TV rate hike not to be enforced: TRAI
THE Telecom Regulatory Authority of India (TRAI) on Thursday said that the four per cent hike in cable charges that would be effected in the New Year would not be enforced as the TDSAT has stayed the earlier order. A Pune-based consumer ... More


IIM-B, U21Global to offer PG programme on family businesses entrepreneurship
UNIVERSITAS 21 Global (U21Global), an online graduate school, on Thursday signed an MoU with the NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) of IIM, Bangalore for a joint certificate programme on entrepreneurship and family ... More

Talent test for students
KOCHI: The Kochi-based Aspire Learning Company, which provides education training services, is conducting a Talent Search Test for students currently in classes 8, 9, 10, and 11. The test will be conducted in Tamil Nadu, Bangalore, and ... More


The wind is unfavourable for Hyderabad fan industry
IT is not just the drugs and pharma industry in the State, but the well-known Hyderabad fan industry is also a disturbed lot these days. The reason - attractive tax sops offered by Himachal Pradesh, Jharkand and Uttaranchal Governments are ... More


SUT Hospital sets up palliative care clinic
THE SUT Institute of Oncology, the cancer-care division of the Sree Uthradom Thirunal Super Speciality Hospital, has set up a pain and palliative care clinic for terminally ill patients. To be inaugurated on Friday, the clinic will cater to ... More


Textile engg sector unable to cope with growing demand for machinery
THESE are happy days for the textile engineering sector in the country. The cash registers are ringing and the order books are full. The sector did business worth Rs 1,650 crore in 2004-05, up Rs 250 crore from the year-ago period. However, ... More


ISRO planning for indigenous launches
ISRO expects its Insat 4A, now a day old, to be its penultimate satellite that will be flown from outside the country. The indigenous GSLV rocket having qualified to fly the 2-tonne class Insat satellites, ISRO is phasing out costly procured ... More


`Consensus put development aspect back on WTO agenda'
THE convergence of thinking amongst developing and least developed countries at Hong Kong helped put the development aspect back on the negotiating table of the World Trade Organisation, said Mr S. N. Menon, Secretary, Department of Commerce, ... More


Rural telephony — Intellicon to market switches of Turkish co
AHMEDABAD-based Intellicon Ltd announced on Thursday that it has tied up with Karel, a Turkish telecom company, to market rural telephone exchanges in the country. Karel offers telephone switches of smaller capacity that are claimed to be a ... More


Chemistry workshop
THIRUVANANTHAPURAM: The Indian Institute of Information Technology and Management (IIITM-K) and the Academy of Chemistry Teachers will jointly organise a three-day hands-on workshop on the use of General Atomic and Molecular Electronic ... More

Meet on business and finance at Hyderabad
HYDERABAD: A two-day international conference on `Business and Finance - 2005' was inaugurated here by Mr M.B.N. Rao, Chairman and Managing Director of Canara Bank. He spoke on repositioning of high-performing companies for growth. A ... More


Exports decline 11 pc in November — Apr-Nov exports up 16 pc
THE country's exports slipped in November 2005 to $ 6.163 billion, a 11.4 per cent decline compared to $ 6.956 billion recorded in the same month last year. In rupee terms, exports during November 2005 stood at Rs 28,185.45 crore, which is 10.2 ... More

Traditional items drive H1 export growth 22%
TRADITIONAL export items such as agriculture and allied products, chemicals and related products, engineering goods and gems and jewellery and unconventional items such as petroleum products accounting for a major share of the country's export ... More

Govt to extend DEPB scheme till March 31
THE Government has decided to extend the validity of the duty entitlement passbook (DEPB) scheme to March 31 next year. After having announced that the DEPB scheme would be valid till September 30, the Government had extended its applicability ... More


Tsunami spectre
In an unusual phenomenon, the coastal stretch from the Valiathura Pier extending right up to Shankumughom in Thiruvananthapuram had coloured waves crash in on Wednesday. ... More

Reminding Tsunami?
Almost a year after tsunami waves hit the country's coasts, people at Arattupuzha in Alappuzha district remind themselves of the tragedy by naming a junction `Tsunami'. People in this coastal village are preparing to remember the dead as the ... More


Twilight sojourn
Foreign tourists in the Kochi backwaters get an eyeful as they capture the glory of the setting sun.



SEBI bans 9 finance cos for rigging in GCCL Infrastructure
THE Securities and Exchange Board of India has banned nine finance companies and one OCB (overseas corporate body) from accessing and dealing in the securities market for rigging in share prices of the Ahmedabad-based GCCL Infrastructure and ... More

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Top Stories
Exports decline 11 pc in November — Apr-Nov exports up 16 pc

Cable TV rate hike not to be enforced: TRAI

`Oil marketing cos' under-recoveries continue to rise'

Indian holdings in US treasuries down at $14 b

Rising offtake buoys tea industry hopes

ISRO planning for indigenous launches

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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