Financial Daily from THE HINDU group of publications
Tuesday, March 07, 2006
Markets (March 7)
BSE Sensex10725.67 (-9.69)
S&P CNX Nifty3182.80(-7.60)
US Dollar (Buy/Sell)44.41 (+0.03)



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`Central excise duty will hurt soap SSIs'
Exemption for units not using electricity favoured More


Nayudamma award for Pitroda
Dr Sam Pitroda, Chairman, National Knowledge Commission & World Tel Ltd, will be presented the Dr Y. Nayudamma Memorial Award for 2005. The Award, given by the Dr Y. Nayudamma Memorial Trust, Tenali, is in recognition of the ... More

  • SIMA-CDRA advisor honoured


    Solar Explosives to go public
    The Nagpur-based Solar Explosives plans to enter the capital market with a public issue of 44 lakh equity shares of Rs 10 each through 100 per cent book building process. The price band is fixed at Rs 170 to Rs 190. The issue opens on March 9 and ... More


    Implications of capital gains giveaway
    How much did the state lose? More

    Barclays predicts strong growth for wealth market — Indian market to grow 15 pc per year
    "The wealth management markets in Asia look strong for the years ahead and are a key focus for Barclays.'' More

    `A holistic view necessary to take the economy forward'
    `Budget sends signals of continuity and stability in governance' More

    Chidamabram banking on advance tax for revised estimates
    Revises fiscal deficit target at Rs 1,46,175 cr More


    Borewell cos eyeing Africa, Gulf markets
    Countries such as Nigeria, Kenya and Sudan had already started using over 100 borewell equipment manufactured by KLR Industries in the last 18 months. More


    Joint study on N-deal with US
    Howard to discuss India's need for uranium More

    `Railway links key to trade with Bhutan'
    Citing the large potential for expanding trade relations with India, especially sub-regional co-operation with the north-eastern States, Mr Lyonpo Dago Tshering, Ambassador of the Kingdom of Bhutan in India, said there was an urgent need to ... More


    Starwood Hotels to enter India
    Starwood Hotels & Resorts Ltd, one of the world's largest hospitality and leisure chains, is planning to roll out a number of its brands in India, including the Westin, `W', Four Points, and Aloft. It is also planning on expanding its ... More


    Mitsui keen on expanding presence in India
    `Infrastructure bottlenecks hindering growth plans' More


    Oil bonds issue to be completed by March 15
    First tranche of Rs 5,700 cr to be issued tomorrow More

    `Expert advice must for oil & gas issues'
    The Petroleum Minister, Mr Murli Deora, has stressed the need for establishing closer linkages between research organisations, academia and industry, particularly in the hydrocarbon sector. At the Silver Jubilee Celebrations of Scientific ... More


    Scheme for sugar mills to set up power units
    The Government is planning to come up with a scheme for encouraging sugar mills in the cooperative sector to set up cogeneration and captive power plants to reduce their dependence on the electricity grid. "Unfortunately, many sugar mills in ... More

    Power Lenders Club finalises norms for funding projects


    ICSI up in arms against move to tax services
    One of the measures in the Budget to bring in the services offered by the professionals such as Chartered Accountants, Costs and Works Accountants and Company Secretaries by withdrawing the earlier exemption has the entire community crying ... More

    Foreign airlines to meet in Mumbai
    Upset at the latest budget proposal of levying a 12 per cent service tax on first and business class international air travel, the airline industry is to meet in Mumbai in the next few days to decide on the future course of action. Official ... More


    Textile industry hopes high in post-quota regime
    With the 2006-07 Union Budget having provided excise duty cuts to man-made fibres and cuts in the ad valorem component of customs duty on fabrics and garments and in the customs duty of specified textile machinery, the textile industry is gung-ho ... More


    SSIs invited to Hanover
    The Small Industries Services Institute (SISI), a Union Government institute under the Small Industries Development Organisation (SIDO), has called for applications from small-scale units interested in participating in the ... More


    Speedy clearance of Coalmines Act
    The Ministry of Coal is all set to push for the speedy approval of the Coalmines Nationalisation (Amendment) Bill 2000 in order to pave the way for public and private Indian companies to take up coal mining without the present restriction of ... More


    SaharaOne bid to promote primetime shows
    The channel chooses direct marketing route for better reach More


    Oakridge diploma programme
    Oakridge International School has announced the launch of IB (International Baccalaureate's) Diploma Programme (IBDP), becoming one of the 25 schools in the country to offer such course. The programme, in vogue in 122 ... More


    Bharat Hotel may float real estate co
    Bharat Hotels Ltd is exploring the option of launching another company to diversify into the real estate development business, the Group promoter and Chairman and Managing Director, Mr Lalit Suri, has said. "We will look at making small self ... More

    `Step up training programme'
    The Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed the National Academy of Construction (NAC) to prepare plans to impart training in construction-related activities to 30,000 people every year. Dr Reddy, who is the ... More


    Metal trade call for bandh on March 20
    The Bombay Metal Exchange Ltd along with all other allied non-ferrous metals, stainless steel associations has decided to observe one-day token Bandh on March 20 to strongly register their protest against Octroi and demand total abolition of ... More


    New CII (South) office-bearers
    Mr Jayakumar Ramdass, Managing Director of Mahendra Submersible Pumps (P) Ltd, has taken over as the Chairman of CII (Southern Region) Coimbatore, while Mr K. Thangaraj, Managing Director of AGT Electronics - its Vice- ... More


    Chinese rapier looms attract small weavers at textile fair
    Small textile weavers have evinced interest in China-built rapier looms that are on display at the International Textile Technology and Machinery Expo (ITGME 2006), now in progress here. The Komarapalayam-based Rapier Links, the dealers for ... More

    Textile machinery expo concludes
    The four-day international textile machinery exhibition, ITGME-2006, concluded here on Monday. The fair had attracted over 7,000 business visitors on the last day. According to Mr M.A. Rayappan, Chairman of Hi-tech International Trade Fair ... More


    AP bid to attract FDI bears fruit
    Govt on relentless drive to attract big foreign cos More


    USTDA meet to focus on transportation solutions
    The US Trade and Development Agency (USTDA) is organising a two-day conference to focus on the expansion of transportation and trade facilities in South Asia from March 7 in Mumbai. The conference will feature the near-term public and private ... More

    In Visakhapatnam today
    Budget Talk: ING Vysya Bank and The Hindu Business Line: Talk on Union Budget. Mr E.A.S Sarma, former Secretary in the Department of Economic Affairs, Union Finance Ministry, to chair the session, VUDA Children Theatre, 6 ... More

    Hegde Institute Budget discussion
    The Justice K.S. Hegde Institute of Management at Nitte in Udupi district conducted a panel discussion on the Union Budget 2006-07 recently. A press release by the institute said here on Monday that experts from the fields of banking, ... More


    PAN compulsory for demat accounts
    To tighten `Know Your Customer' norms More

    Official calls for voluntary tax compliance
    Mr D.V. Dharmik, Chief Commissioner of Income Tax-I (Andhra Pradesh) has called for more tax compliance by various sections of the population. "It is very difficult to enforce compliance by penalising people. It has to be voluntary," he ... More

    Co-op banks want tax-exempt status to continue
    Urge Pawar to take up issue with Finance Minister More


    Oilmeal exports reach new high
    After seven years, export of oilmeals or oilseed extractions is likely to exceed 40 lakh tonnes (lt) during the current fiscal. It was as far back as 1997-98 that the country exported 42 lt of various extractions, after which export volumes ... More


    Private insurers cut 2-wheeler exposure
    Flood imapct on claims heavy; losses unsustainable More


    CII initiative to promote health tourism in Kerala
    Global congregation in Kochi on March 23-26 More

    Riding the crest
    AN ADVENTURE TOURIST negotiates a wave while surfing over the waters off Kovalam near Thiruvananthapuram. The international beach destination is witnessing a surge in tourist traffic even as the season nears an end. ... More

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  • Union Budget 2006-2007

    Economic Survey 2005-2006

    Top Stories
    Scheme for sugar mills to set up power units

    PAN compulsory for demat accounts

    Implications of capital gains giveaway

    Barclays predicts strong growth for wealth market — Indian market to grow 15 pc per year

    Oilmeal exports reach new high

    Private insurers cut 2-wheeler exposure

    Tata Motors, Fiat India to share dealer network

    In Focus

    Infrastructure woes stare IT sector
    IPO Scams
    FDI in retail sector
    Dynamic Tirupur
    Surging Sensex
    Gold scaling new highs

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk

    Looking back
    Feb. 26-Mar. 4
    Poultry industry loss put at Rs 5,000 cr

    Gas supply issue: Meet today to resolve deadlock
    Chiefs of Panna-Mukta venture partners, GAIL to participate

    Interest rates may firm up: Survey
    `Forex reserves accretion slowing, credit offtake keeps rising'

    Fertiliser subsidy to exceed Budget estimates
    Total subsidy may cross Rs 24,000 crore

    Core sector growth slows to 3.3% in Jan

    Will Budget bring relief to cancer, AIDS patients?

    Bank deposits to get 80C deduction — Recapitalisation bonds to be converted into tradable securities

    MFs keen to tap global opportunity

    No bad news on income taxes

    Big bonanza for the small car

    A touch more than a stitch in time

    Wiring up the nation

    IT industry divided over impact of excise duty — Desktop, notebooks may turn costlier

    Domestic airlines get tax exemption for 1 more year

    Shipping management services expensive

    Equity fund redefined

    Pre-monsoon activity seen setting in early

    Cement sector says nothing concrete

    Australia hails easing of mining norms

    Pepper exports to US decline

    Budget doubles excise duty on sugar

    Hallmarked jewellery a safer bet, says RBI

    Ban likely on alcohol, tobacco additives in food products

    Frontline gets more contemporary look

    Cement majors post increase in sales

    National Load Dispatch Centre planned at Delhi, Kolkata

    Steel cos parking cash with banks

    Global market's weakness hits oilmeals price

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