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Tuesday, March 21, 2006
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INDUSTRY & ECONOMY

BUDGET


No new taxes in Karnataka Budget
Rs 1,534.54-cr surplus; slew of sops for rural, farm sectors More

KCCI hails Budget
But concerned over VAT slab on cashew kernels More

CEMENT


JP Morgan investing in Andhra Cements
To pump in Rs 73 cr in G.P. Goenka group co More

ECONOMY


No cut in fertiliser, food subsidies: Chidambaram
`Tax authorities to zero in on evaders' More

ENVIRONMENT


Environmental nod for KRL's expansion plan
The Rs 2,000-crore expansion-cum-modernisation plan of Kochi Refineries Ltd has been cleared by the Ministry of Environment and Forests. The project, which is to be executed in the refinery's existing facilities, envisages capacity expansion ... More

HEALTH


Fighting cancer
NEW FACILITY: Mr Jean-Claude Marcourt, Minister for Economy, Employment and Foreign Trade of Wallonia Region, Belgium (left) with Mr Vincent De Rudder, Director, Pharma Engineering EMEAA, IBA, at the inauguration of IBA Molecular Imaging India ... More

`South India rid of polio'
The Rotary Club, in association with the Union Government, has succeeded in eradicating polio from South India, but there is still incidence in North India, according to Mr M.C Das, District Rotary governor. The Rotary district covers six ... More

Standalone health insurer gets nod
First product launch in a month More

INFRASTRUCTURE


Bharti in talks with Wal-Mart, Tesco for retail foray
Keen on bidding for Chennai, Kolkata airport modernisation More

PSU


IPO: BSNL invites bids for advisors
Bharat Sanchar Nigam Ltd has invited bids from merchant bankers to act as advisors for its proposed initial public offering (IPO). Though the quantum of the IPO or the equity percentage that the PSU is planning to offload is not ... More

PETROLEUM


Iran gives first price offer of $6 mBtu for gas
Iran-Pak-India pipeline project More

New disclosure norms for oil & gas finds
May form part of production sharing contract More

NCDEX spot trading in natural gas on backburner
Lack of tradable surplus cited as reason More

Ethanol blended petrol throughout India by Nov
The Petroleum Ministry has said that it plans to expand the supply of ethanol-blended petrol across the country by November. Addressing the Confederation of Indian Industry (CII) National Council Members on Energy Security here on Monday, the ... More

AP to cut LPG rates from Apr 1
There is good news for LPG consumers in Andhra Pradesh. Come April 1, the rate will be down by Rs 25 on every cylinder. Which means, the consumer will have to pay around Rs 260 per cylinder against the present Rs 285. Announcing this, the State ... More

POWER


Tata Power plans 2 coastal plants in Maharashtra
Tata Power Company, which was in the process of finalising a 1,000 MW coastal power plant in Maharashtra, may now put up two 1,000 MW plants if conditions prove favourable, according to Mr Adi Engineer, Director, Tata Power Company. "It is Tata ... More

IVRCL setting up steel fabrication unit
To make transmission-line-tower-parts More

TAXATION


GST roadmap within months: Chidambaram
Industry, State Finance Ministers to be consulted More

Centre gets powers to rebate service tax
Lok Sabha passes Finance Bill 2006 More

AP Textile traders to down shutters tomorrow
The Andhra Pradesh Federation of Textile Associations will down shutters again on March 22 and take out a "Chalo Assembly" rally to draw Government attention on the need to do away with VAT on `made-ups'. Speaking to newspersons, the federation ... More

TEXTILES


Priyadarshini Spinning jumps on growth plans
Priyadarshini Spinning Mills has begun to gather momentum in its forward movement on Dalal Street riding on its aggressive growth plans. The stock today finished at Rs 28.35, up 2.35 per cent, on the BSE after seeing the day's peak at Rs ... More

COAL


Record coking coal discharge at Vizag
A record 29,505 tonnes of coking coal was discharged from the vessel, MV Red Orchid, with the use of two floating cranes at Visakhapatnam port on Saturday. The previous best was 29,390 tonnes achieved on January 31. The cargo was ... More

BREWERIES


Beer, IMFL price may rise sharply
The price of beer and IMFL are expected to rise sharply in Karnataka because of the increase in excise duty on liquor in the State Budget. The United Breweries' President and Chief Executive Officer, Mr Kalyan Ganguly, told Business Line ... More

EDUCATION


Telecom operators may get additional spectrum
Future policies to reflect convergence, says Prime Minister More

AUTOMOBILE COMPONENTS


JCBL auto parts unit to contribute 20 pc to turnover
Mobility Solutions to contribute Rs 100 crore More

LGB plans to raise Rs 200 cr
The Coimbatore-based auto component manufacturer L.G. Balakrishnan & Bros (LGB) has planned to raise Rs 200 crore to fund its expansion and to retire high cost debt. An Issue Management Committee (IMC) consisting of the Managing Director, Mr B. . More

GEMS & JEWELLERY


A day out with Kirtilals
Rewarding loyalty More

MEDICAL INSTITUTIONS & HOSPITALS


Venkateswara institute gets 60 acres
The proposed Rs 60-crore project to construct the Sri Venkateswara Institute of Medical Sciences (SVIMS), General Hospital and the Sri Padmavathi Medical College (SPMC), at Renigunta, near Tirupati in Andhra Pradesh has got a shot in the ... More

For hospital groups, it's Destination Mumbai
Health is wealth More

Kamineni Wockhardt diabetic clinic
The Kamineni Wockhardt Hospitals has opened a diabetic clinic. Dr Raman Boddula, Consultant Endocrinologist and Diabetologist will head the unit. The clinic would focus exclusively on diabetes and the secondary ailments caused by ... More

CINEMA


Cinemax plans expansion, to set up 500 screens
Also on cards is the launch of gaming zones at its multiplexes, which would be branded as Giggles. More

HUMAN RESOURCES


`TN must set aside Rs 700-cr skill development fund'
HR is the key tool to boost industries' growth More

EVENTS


Management meet
Badruka College's Business Management Department organised `SPLASH 06', a two-day management cum cultural meet during March 17-18. About 40 colleges participated in the competitions, which included young manager, ... More

EXPORTS & IMPORTS


The phenomenon of exploding imports
The recent period has witnessed an explosion of imports in India. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh examine the pattern of imports over the past decade and a half and discuss the implications for domestic output and employment. More

Outcome budget: Export target of $104 b for 2006-07
`Performance of the various programmes/schemes encouraging' More

Facility for importers to access US cos
The US Commercial Service, the export promotion agency of the US Department of Commerce, has launched a `better-access sourcing' from America programme for Indian importers. The programme enables importers to source their ... More




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Top Stories
Iran gives first price offer of $6 mBtu for gas


Bharti in talks with Wal-Mart, Tesco for retail foray

Centre gets powers to rebate service tax

Franklin Templeton launches diversified equity fund

Amul, NDDB back to doing business with each other

IPO: BSNL invites bids for advisors

The phenomenon of exploding imports

Tata Power plans 2 coastal plants in Maharashtra

In Focus

Infrastructure woes stare IT sector
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
More

Looking back
Mar. 12-Mar. 18
It's time to address OMCs' plight

Air Deccan aircraft skids off runway

Expectations on Foreign Trade Policy run high as PM takes active interest

Car sales growth at 1.83% in Feb

Scorpio sports a new look

Petroleum Minister seeks hike in fuel subsidy

Palm group of oils tariff value cut $3 a tonne

Job market rosiest in the South: Survey

Voltas to exit fridges, focus on AC market

Tax breaks for co-op term deposits urged

Govt plans to set up `Atomic Parks'

Corporate hospitals target women

`Media, entertainment industry to grow at 19%'

Turmeric, curcumin could help delay cataract: Study

Indian tea set to make inroads into Egypt, Pakistan

`Mediclaim disputes on the rise'

Chevrolet Aveo range starts at Rs 5.55 lakh

Bird flu under control, says Sharad Pawar

Pull of sunrise industries keeps senior management on the move

Industrial production index up 0.8% in Jan

Indo-Asean FTA to go live from Jan 2007



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