Financial Daily from THE HINDU group of publications
Thursday, January 19, 2006
Markets (January 18)
BSE Sensex9237.53 (-76.60)
S&P CNX Nifty2809.20 (-19.90)
US Dollar (Buy/Sell)44.39/44.52


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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Bountiful NE monsoon draws to a close
Chennai topped the league with 164 per cent excess, followed by Tiruchi (141 pc), Thiruvallur (135 pc), Namakkal (132 pc), and Krishnagiri (123 pc). More

NON-CONVENTIONAL ENERGY


National mission on bio-diesel gets Plan panel approval — To be implemented in two phases
THE Minister of Rural Development, Mr Raghuvansh Prasad Singh, has said the national mission on bio-diesel has got the in-principle nod of the Planning Commission. The Rural Development Ministry will be the nodal ministry for implementing the ... More

FOREIGN TRADE


Irish trade mission i2i eyes Bollywood tie-up
IRELAND'S largest ever trade mission to any country - dubbed i2i - has come calling on promising Indian visitors, partnerships and trade. Mainly on its radar are the Mumbai film industry, information technology, education, biotechnology, food ... More

Netherlands invites IISc to explore industrial research tie-ups
FOR the second time this week, Bangalore found itself playing portal to yet another VVIP visit — this one from the Netherlands Prime Minister. Dr Jan Peter Balkenende, who arrived from Amsterdam on Tuesday evening close on the heels of ... More

`There is need for greater thrust on ties with US in knowledge sectors'
Mr Kerry's views on the subject assume greater significance as he is seen as a major force among the Democrats and as someone who can build a wider consensus on the issue of outsourcing. More

INFRASTRUCTURE


CII moots sector-oriented focus for public-private participation
The State could encourage public-private participation to put in place cold storage and transportation infrastructure for the food-processing sector. More

Bengal to seek expertise from Singapore, Dubai
Feasibility studies pertaining to the setting up of a new international airport here and a health city in and around the present airport area have been undertaken. More

PSU


New rules for Central cadre officials going on deputation to PSUs
VARIOUS Central cadre officials, who had enjoyed the privilege of taking up fixed term jobs in public sector undertakings (PSUs) on deputation basis and coming back to the cadre will now have to continue with their responsibilities in the PSU ... More

POWER


Nagarjuna Power rejects Jindal's offer to buy out Udupi project
NAGARJUNA Power Corporation Ltd (NPCL) has turned down the Jindal group's offer to buy out the entire equity in the 1,015-MW power project, now in the construction phase. NPCL's Rs 4,299.12-crore power project is coming up in Udupi district of ... More

Govt to ease approval norms for hydel power plants
THE Government is planning to ease norms for hydroelectric projects that require techno-economic clearance from the Central Electricity Authority (CEA) to expedite approvals for hydel projects. "At present, all hydro projects above Rs 2,500 ... More

Concern over energy security
THE Chairmen of ONGC and Coal India Ltd (CIL) are apprehensive about the country's "energy security" as they find no substitute for oil as transportation fuel while bulk coal consuming industries such as power, steel, cement and fertiliser are ... More

MANAGEMENT


LBSIM records 100% placement
THE Delhi-based Lal Bahadur Shastri Institute of Management (LBSIM) has recorded 100 per cent placement for the 2004-2006 batch with the average salary being Rs 5.4 lakh, said a release by the institute. Major recruiters were from the ... More

RADIO/TV


Cable operators seek transparency in pay channel pricing
CABLE operators have sought transparency in the pricing of pay channels and have asked the Telecom Regulatory Authority of India (TRAI) to ensure a level-playing field among the various stakeholders in the broadcast industry. In an open-house ... More

EDUCATION


Global accreditation for B-schools
HYDERABAD: The ICFAI Business School, Hyderabad, Suleman Dawood School of Business at the Lahore University of Management Sciences, Lahore, and the Management Development Institute, Gurgaon, have been given global accreditation. The ... More

REAL ESTATE & CONSTRUCTION


Realty sector on an upswing in Hyderabad
WITH Hyderabad increasingly being recognised as the next hub of technology after Bangalore, the realty sector is undergoing a major transformation. The absorption of commercial space and the increase in residential apartment structures have ... More

Jain Housing launches 2 projects in Coimbatore
JAIN Housing and Constructions Ltd has spread its wings into the city with the launch of `Jain Surabhi' on Avinashi Road. The Rs 40-crore project on a total land area of 2.04 acres will comprise 128 two and three-bedroom apartments. The ... More

FOREIGN DIRECT INVESTMENT


Govt clarifies on FDI in townships
THE Government has clarified that foreign direct investment (FDI) in townships, housing, built-up infrastructure and construction-development projects would continue to be guided as per the specifications mentioned in Press Note 2 issued in March ... More

EVENTS


SEZ: 70 proposals worth Rs 10,000 cr under study
THE Government expects to notify sector-specific Rules of the SEZ Act within the next 10 days, and this is expected to bring in substantial investments in these zones. Briefing newspersons after speaking at the Special Plenary on `India and the ... More

Haryana signs 136 memoranda for Rs 1,044-cr investments
THE Haryana Government has signed 136 industrial entrepreneur memoranda and letters of intent involving an investment of Rs 1,044 crore for setting up industries in the State, according to the State Chief Minister, Mr Bhupinder Singh Hooda. ... More

Anniversary celebration
The Prime Minister, Dr Manmohan Singh, and the Delhi University Vice-Chancellor, Dr Deepak Pental, at the Annual Day and 50th Anniversary of the Delhi School of Economics Building in the Capital on ... More

Global horticulture fair this month in Hyderabad
THE State Department of Horticulture will organise a five-day International Horticulture Trade Fair, beginning January 25, at the People's Plaza on the Necklace Road here. The 16th edition of the trade fair, claimed to be the biggest such fair ... More

EXPORTS & IMPORTS


Export growth at 23.5 pc during April-Oct — Traditional items perform well
FOUR traditional items — agriculture and allied products, gems and jewellery, chemicals and related products and engineering goods — accounting for close to 58 per cent of the country's total exports, performed exceedingly well during ... More

Govt staggers tax recovery on DEPB sale profits over 5 years — Major relief to exporters
In the estimate of the Federation of Indian Export Organisations (FIEO), the exporting community will now be required to pay about Rs 6,800 crore over five years. More

ECONOMIC OFFENCES


`Business leaders have better image than politicians'
BUSINESS leaders are widely held in better esteem than their political counterparts whose credibility appears to be declining. While business leaders around the world consistently have a better image than political leaders, significant ... More



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Top Stories
Signals for commodity boom to continue in 2006


IOC to seek board approval for Paradip refinery project

Tanishq design to push diamonds this season

New SEBI norms for institutional placement

Nagarjuna Power rejects Jindal's offer to buy out Udupi project

e-filing facility for India Inc: Ordinance to amend Cos Act likely

Milk powder prices spurt on low stocks — Shortage likely during summer

In Focus

Auto Expo 2006
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 8-Jan. 14
Hard choices ahead for Govt: PM

Knowledge network, voting rights for overseas Indians soon: PM
Easy remittance facility, special insurance planned


FM radio: Will ad flow be music to bidders?

ISRO in sight of foreign satellite contract

Govt working towards zero-based Budget: Montek

Suguna group to export 'portion' chicken to Japan

Carbon credit: Rs 15,000-crore investments likely

Copters to clean power lines in Northern Grid — But consumers may have to shell out more

`Big' small cars to miss fair action

Reliance demands compensation for selling petro products below cost price

India in six-nation clean energy initiative

US rate hikes near end?

Agriculturists seek stepping up of farm sector investments

Edible oil imports down in April-October

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

ONGC submits report on discoveries

Left seeks restoration of 9.5% interest rate on EPF

Volvo may bag another order for 25 buses

SEBI unearths another IPO scam in IDFC

Indirect tax collections up 15.73 pc in April-December

Modernisation of airports by AAI will be okay, says Left

Sugar coops to supply ethanol to oil PSUs

Govt to invite EoIs for five `ultra mega' thermal power projects

Cars drive up 8.8 pc growth in Dec — Two-wheelers stay flat; commercial vehicles down


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