Financial Daily from THE HINDU group of publications
Thursday, January 12, 2006
Markets (January 10)
BSE Sensex9445.30(-138.15)
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Fresh system to lift mercury in North
A FRESH western disturbance is expected to approach Jammu & Kashmir and adjoining parts of northwest India by Sunday, which promises to lift mercury levels further up in these regions reeling under cold wave conditions. During the 24 hours ... More

SOCIAL SECURITY


Left seeks restoration of 9.5% interest rate on EPF
A day after the Government notified the Employees' Provident Fund interest rate at 8.5 per cent for 2005-06, the Left parties sought the restoration of the interest rate to the earlier 9.5 per cent. The issue may figure at the UPA-Left ... More

ENVIRONMENT


Relocating tribals from sanctuary
BORI Wildlife Sanctuary is the country's first reserve forest declared in 1867 after Captain James Forsyth surveyed the area. The dry deciduous forest is well packed with teak, charoli, ain, bamboo, arjun, mango and other trees, and largely ... More

Bauxite mining plan infuriates tribal belt in Vizag
GIRIJANS in the agency (tribal) tracts of Visakhapatnam district are opposing the bauxite mining proposed to be taken up by the Andhra Pradesh Mineral Development Corporation (APMDC) for supplying the ore to an alumina smelter to be set up by the ... More

INFRASTRUCTURE


Work on foundry parks in Coimbatore to begin soon
In Arasur, the park would come up on a 102-acre site and in Manickampalayam the park would have an area of 65 acres. The Central Government has sanctioned Rs 5 crore for providing basic infrastructure like roads, office building etc. More

PETROLEUM


ONGC submits report on discoveries
In the report submitted to the Ministry, ONGC has contested the yardstick used by DGH for defining a `discovery'. More

Delay in dredging at Kochi worries Petronet LNG
PETRONET LNG, that is setting up a LNG terminal at Puthu Vypeen Island, Kochi at an estimated cost of Rs 2,000 crore, is concerned over the delay in dredging activities at the site. Talking to Business Line, Mr P. Dasgupta, Managing ... More

DG Hydrocarbons set to finalise disclosure norms for new oil and gas finds
EXPLORATION and production (E&P) companies may have to exercise caution before making any announcements about new oil and gas finds by them. The Directorate-General of Hydrocarbons (DGH) is in the process of finalising the norms that would put in More

POWER


Electricity Tribunal allows PowerGrid to execute M.P. project at higher cost — Sets aside CERC order on `cost ceiling'
The Tribunal ruled that the dual role of PGCIL — as a commercial undertaking and its statutory role as Central Transmission Utility — required to be treated as two separate responsibilities. More

STEEL


Productive year for VSP
VISAKHAPATNAM: The Visakhapatnam Steel Plant achieved production of 4.12 million tonnes of hot metal, 3.56 million tonnes of liquid steel, 3.21 million tonnes of saleable steel, 3.36 million tonnes of cast blooms, 2.04 million tonnes of ... More

TEXTILES


Textile sector needs more reforms, investment — IMF study scenarios give little cause for cheer
EVEN as a misplaced hype is doing the rounds about the record growth of exports of Indian textiles and clothing in the post-quota regime, an IMF working paper has contrasted the performance of China and India and warned that India's gains would ... More

RADIO/TV


The world's listening
WorldSpace is poisedfor further growth inthe country. More

Dish TV offers no-subscription package
DISH TV, a leading direct-to-home service (DTH), on Wednesday, announced a package that will offer its subscribers to view 40 channels without any monthly subscription fee. The subscribers of the `dish freedom package' also have an option to ... More

EDUCATION


Corporates must shed feudal mindset, says Ranbaxy chief
THE Chairman of Ranbaxy Laboratories Ltd, Mr Tejendra Khanna, has urged industry leaders to give up their feudal mindset in dealing with human resources so as to make the enterprises successful. Addressing a day-long summit at the Indian ... More

Jamnalal Bajaj meet in Mumbai
MUMBAI: The annual business convention of the Jamnalal Bajaj Institute of Management Studies is to be held on January 12. The forum, called Strategym, provides a platform for budding managerial talent to meet with and gain from the ... More

CSI student chapter meet in Thiruvananthapuram
THIRUVANANTHAPURAM: As part of the efforts to involve the student community in its activities, the Thiruvananthapuram Chapter of the Computer Society of India (CSI) is organising a State-level student convention on Friday and Saturday ... More

TWO/THREE WHEELERS


Helmet to come with bike in AP
HYDERABAD: In order to increase the usage of helmets by two-wheeler riders, the Andhra Pradesh Government has decided to make it mandatory for the dealers to sell helmets along with vehicles. Talking to reporters here on Wednesday, the ... More

REAL ESTATE & CONSTRUCTION


Parsvnath to adopt eco management system
REAL estate player Parsvnath Developers Ltd has initiated Environmental Management System (EMS) by following International Standard ISO 14001, according to a company release. Besides implementing EMS, the company would also carry out ... More

TN govt to build land bank to meet demand from industries
THE Tamil Nadu Government estimates that it will require at least 7,000 acres of land for industrial use in 2006-07 and plans to build a sufficient land bank. The State Industries Promotion Corporation of Tamil Nadu (SIPCOT), the State ... More

Workshop on construction engg at Kochi
KOCHI: Builders Association of India (BAI) is conducting a workshop on post-diploma course in construction engineering on January 14. Mr Cheriyan Varkey, State Chairman of the Association, will inaugurate the workshop. The objective of ... More

SCIENCE & TECHNOLOGY


Scramjet: ISRO makes major breakthrough
NATIONAL space agency ISRO said it has achieved an early step in the race for low-cost, reusable space vehicle technology with a brief demonstration of its scramjet (supersonic combustion ramjet). "As such technologies are in a very nascent ... More

DISINVESTMENT


Chidambaram promises to simplify fringe benefit tax — `Non-navratna disinvestment on track'
THE forthcoming Budget will provide relief to the corporate sector on compliance with the fringe benefit tax (FBT) provisions. The Finance Minister, Mr P. Chidambaram, on Wednesday said that `some simplification' could be expected in the area of ... More

Bids for MUL stake: Banks, FIs take cautious approach
THE deadline for putting in bids by banks and financial institutions for an 8 per cent stake in Maruti Udyog Ltd (MUL) being divested by the Government ended on Wednesday, with most institutional investors understood to have taken a cautious ... More

SOCIAL WELFARE


Concern over insurance scheme for BPL families in Kerala
THE General Insurance Officers All India Association (GIOAIA) has expressed concern over the implementation of a new health insurance scheme for BPL families in Kerala. Mr P.P. Mohanan, State General Secretary of the association, asked whether ... More

All BPL families to get rice at Rs 3 a kg in Kerala
THE Kerala Government is coming out with a scheme for supply of 25 kg of rice at a price of Rs 3 a kg to all families below the poverty line (BPL). The Chief Minister, Mr Oommen Chandy, told newspersons after a Cabinet meeting on Wednesday that ... More

EVENTS


Auto show set for big launch today — Rs 440-cr business deals likely to be accomplished
THE Eighth Auto Expo, which kicks off tomorrow, promises much excitement for auto buffs in the form of new launches and big announcements by domestic and global automobile giants. The event, jointly organised by the Society of Indian ... More

Call for sustainable corporate growth
COMPETITION is the prime mover for growth and sustainable competitiveness is the precursor to sustainable growth, said Minister of State for Company Affairs, Mr Prem Chand Gupta on Tuesday. "If an economy cannot remain competitive on sustainable ... More

NATURAL CALAMITIES


Royal Sundaram takes Rs 9-cr hit due to floods
ROYAL Sundaram General Insurance Company hopes to mop up Rs 450 crore of new business premium by the end of the current fiscal, up from Rs 331 crore in the previous year. Mr Antony Jacob, Managing Director, Royal Sundaram Alliance Insurance ... More

TOURISM


Marketing cities
India has a few cities worthy of becoming tourist destinations. Here's how Mumbai can become one. More

Reliance Capital, TV 18 team up to fund Yatra
RELIANCE Capital, Norwest Venture Partners & TV18 Group have come together to provide initial funding for Yatra Online, a centralised travel services company. The founders of Yatra are non-resident Indians (NRI) and "seasoned travel industry ... More




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Top Stories
Gokuldas Images sells 16 pc stake to IL&FS — Major expansion in Weekender proposed


Bank investments in G-secs less than 35% of deposits

Textile sector needs more reforms, investment — IMF study scenarios give little cause for cheer

MphasiS Q3 net rises 52 pc

Sugar prices decline as Centre releases extra quota for UP mills

Left seeks restoration of 9.5% interest rate on EPF

ICICI Bank to hire 10,000 more this year — Retail growth drives recruitment drive

ONGC submits report on discoveries

Tata-Fiat alliance agrees to leverage mutual strengths

In Focus

Surging Sensex
Dynamic Tirupur
Trends in IT - 2005
FDI in retail sector
WTO - Hong Kong meet
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jan. 1-Jan. 7
Rally in commodity prices may continue in Q1

Hospitality sector gets a boost from buoyant economy

Paper manufacturers upbeat as demand may remain robust

Subsidy burden: Oil cos to cough up Rs 3,274 cr for Q3 — Ministry continues with previous quarter's formula

LNG shipping: Have Indian owners missed the wind?

A `disastrous' year for insurers

Lack of skilled labour major concern for retail sector

Business confidence up on sound economy, says CII outlook survey

Ban on Chinese textiles boosts Indian export growth

Construction industry takes bigger strides

Tariff values on vegetable oils reduced — Industry terms it as `small revision'; steepest cut for RBD palmolein

Four-wheeler sales growth slows in 2005

`Mega insurance policies is the trend in energy sector'

Only 1,364 advance degree H1-B visas left out of 20,000

Strict eligibility norms may force media houses to play low key in bidding for FM

Cement majors post robust sales in Dec — Stocks move up on firm prices

Alang yard awaits Clemenceau's arrival

For safe ayurvedic drugs, laws need to be strengthened

Children lead the way at science congress

India has refining capacity of additional 30 mt: Shell Global

Invest Rs 500 crore in hi-tech clusters: Kalam

Spices Board to conduct W. Asia market study

Steel prices likely to remain firm this year

Central assistance scheme for scientists to be liberalised

Textile exporters face non-tariff barriers in US

Pvt sector willing to invest in infrastructure projects: FICCI President

Inflation lower on cheaper fruits, vegetables


Lufthansa

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