Financial Daily from THE HINDU group of publications
Wednesday, March 08, 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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MDMK shifts camp — Is it advantage AIADMK?
With Mr Vaiko walking out of the DMK-led alliance to the AIADMK, Ms Jayalalithaa appears first off the block in the race to the Tamil Nadu Assembly. For the DMK it appears to be a double whammy as now the other allies may demand more seats. But these are early days yet as there are such factors as the minority vote, the small parties and the last-minute swing voters, says RASHEEDA BHAGAT. Mr Vaiko's move will make the coming elections to the Tamil Nadu Assembly a more keenly fought battle. More

BL Club at Annamalai
The Vice-Chancellor of Annamalai University, Mr L.B. Venkatrangan, inaugurated the `Business Line Club' sponsored by The Hindu Business Line at the varsity campus in Chidambaram on Tuesday. Mr Venkatrangan said he was pleased to ... More

TMB's new vehicle loan scheme
Tamilnad Mercantile Bank Ltd, (TMB) has launched a new loan scheme by name, `TMB mini vehicle' in a tie-up arrangement with TATA Motors Ltd to provide marketing support to increase the vehicle ... More


Monsanto offers to cut trait value of Bt cotton
Mahyco-Monsanto, which owns the Bt cotton technology, has offered to reduce the trait value by Rs 350, according to Mr N. Raghuveera Reddy, the State Minister for Agriculture and Civil Supplies. Addressing a press conference here on Tuesday, ... More

18 lakh houses for the poor planned in AP
Rural scheme to cover drinking water supply, sanitation More

AP chosen as `Seed Valley' for the nation
Research and development facilities to be set up More

Ethanol supply
Ammana Bio Pharma Ltd has entered into an agreement with Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Chennai Petroleum Corporation for supply of 5,942 litres (against an installed ... More

Placement co launched
The Chief Minister, Dr Y.S. Rajasekhara Reddy, launched the Overseas Manpower Company Andhra Pradesh Ltd, a State-owned placement services company. The company's mandate is to put an end to ... More


Sanyo launches new range TVs
Sanyo has introduced Slim CRT Vizzon, a new range of colour televisions that redefines the conventional Flat TV bringing true entertainment to every home. The Vizzon range of slim flat TV employs ... More

Pilot project on e-filing of company reports
Portal facilitates direct interaction with Ministry More

Young Author contest winners
Tinu Elizabeth Thomas, a class IX student from Bhavans Adarsha Vidyalaya School, and Siraj Moopen, a class XII student from Rajagiri Public School, have won the Kochi city finals in Classmate Young ... More

Stock broking firm opened
The Kerala Minister of Fisheries and Sports, Mr Dominic Presentation has inaugurated the office of the Fortune Wealth Management Company, a Coimbatore-based stock broking company. The company, promoted ... More

Uphill task
AN OLD WOMAN, who was employed in the Pasumala tea estate in Idukki district, carries water from a pit at the base of the hill to her dwelling above the hill. She lost her job when the owners abandoned the estate after tea prices crashed. When ... More

Homeo award
The former Principal of Athurasramam NSS Homeo Medical College, Dr T.P. Elias, has been selected for this year's Dr Samuel Hahnemann award. The award consists of Rs 10,000, a citation and a plaque, said ... More

Farmers' protest
FARMERS FROM KERALA protesting against the agrarian crisis and alarming rate of farmers' suicides in Wayanad district at Jantar Mantar in New Delhi on Tuesday. ... More

Wins Infotek growth plans
The Technopark-based Wins Infotek, which specialises in robotics, equipment control, and fab automation software, proposes to meet its entire software requirements from India through this facility. Mr ... More

KIMS Ayurveda centre
The KIMS Ayurveda and Research Centre will soon be launched as an adjunct to the multi-speciality Kerala Institute of Medical Sciences hospital here. KIMS is tying up with the Kochi-based Punarnava ... More


155 cos to make placement offers at IIMB
Eighteen foreign corporates will be among 155 companies that will come calling on March 10 to the Indian Institute of Management, Bangalore for a three-day recruitment campaign. The recruiting companies with equal spread from the key sectors ... More

A budget for the common man, say experts
`Proposal to hike service tax will see growth in collection' More


Tax expert sees devil in service tax rules
Describing the Central Budget 2006 as highly service tax-oriented, Mr Bhanu Prakash Agarwal, tax consultant and expert in service tax, said the new Service Tax Draft Valuation Rules (just put on the Ministry website) pack an unexpected knock-out ... More

Meghalaya annual Plan size pegged at Rs 900 cr
The Annual Plan size for Meghalaya for the year 2006-07 has been pegged at Rs 900 crore including a one-time additional central assistance of Rs 51 crore for projects of special importance to the State. This was finalised at a meeting between ... More

Sectors for Indo-Vietnam trade identified
Industry in West Bengal has identified the scope for enhanced two-way trade and investment between India and Vietnam. A nine-member business delegation from West Bengal, which recently accompanied the West Bengal Chief Minister, Mr Buddhadeb ... More

Mastek to ramp up Pune operations
Software solutions and services provider Mastek Ltd on Tuesday announced ramping up of operations at its Pune development centre, on the back of increasing business demand. The company will add at least 450 people, mainly solutions architects, ... More

Samsung unit in Haryana
MOBILE DESTINATION Mr K. T. Lee, President and CEO of Samsung Telecommunications Network Business, with the Haryana Chief Minister, Mr Bhupinder Singh Hooda, during the inauguration of a new Samsung plant in Manesar, Haryana, on Tuesday. The ... More


SC allows development of Mumbai mill lands
`Plan does not violate BIFR requirements'; HC order set aside More

Mumbai builders are a relieved lot now
NTC Chairman, Mr Ramachandra Pillai: We were stuck in legal battle for over a year. Now we can go ahead with rehabilitation plans for the sick mills, which is self-financing in nature. More

Syriana: A slice of our times
Makes good use of parallel storytelling More

Club One Air begins services in Mumbai
Club One Air, the `aircraft fractional ownership' company that commenced services in August 2005, announced the introduction of its services here on Tuesday. Its expansion plans include services from Bangalore and Kolkata by the year-end. The ... More

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Feb. 26-Mar. 4
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