Financial Daily from THE HINDU group of publications
Friday, April 07, 2006
Markets (April 5)
BSE Sensex11746.90(+108.89)
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INDUSTRY & ECONOMY

POWER


5 ultra mega power projects under way
To generate at least 4,000 MW of electricity More

Sudden drop in Southern grid power availability
The sudden drop in availability of power in the Southern grid region has caused temporary power supply problems in Tamil Nadu, Kerala and Andhra Pradesh. Tripping in the naphtha-based Kayankulam power plant and one of the 500 MW units at ... More

URBAN DEVELOPMENT


Infrastructure development in AP
The Centre has sanctioned Rs 98.39 crore for the development of urban infrastructure in five towns of Andhra Pradesh under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The special representative of Andhra Pradesh ... More

CLIMATE & WEATHER


Heat wave in North may abate soon
Moderate heat wave conditions persisting in the Northwest and Central India will hold until Saturday when a fresh western disturbance of moderate intensity is expected to approach the Northwest bringing widespread rains and snow to the hills. ... More

NRIS


More banks hike FCNR, NRE deposit rates
Punjab and Sind Bank (P&SB) has hiked the interest rates on foreign currency non-resident bank deposits and NRE term deposits with effect from April 1, 2006. Interest rate on US dollar deposit have been hiked from 4.9 per cent per annum to ... More

NON-CONVENTIONAL ENERGY


ICICI Lombard offers cover for wind farms
Brick kilns can get 6-month cover for unseasonal rainfall More

ANTI-DUMPING


Dumping probe on CD-Rs initiated
The Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into the import of compact discs-Recordable (CD-Rs) from China, Hong Kong, Singapore and Chinese Taipei. CD-R is a polycarbonate disc ... More

ECONOMY


Credit plan ready for Thiruvananthapuram dist
Commercial banks to disburse Rs 2,187 crore More

ENGINEERING


BHEL to go in for nuclear tech tie-up by July-end
To depend on the outcome of the Indo-US nuclear deal More

EXCISE AND CUSTOMS


IT can help Customs do better: Premji
Application of IT to Customs can contribute to bringing in efficiencies, according to the Wipro Chairman, Mr Azim Premji. He was speaking today at the World Customs Organisation (WCO) IT conference. "From the Customs point of view, it makes ... More

FOREIGN TRADE


Sops for country-specific export promos likely
To provide export promotion measures More

INFRASTRUCTURE


Administration to go to grassroots
`Praja Pathakam' to redress grievances More

PSU


Eurocopter, Sikorsky in running for HAL's new joint venture
Production of copter for Army, Navy More

PHARMACEUTICALS


French pine-tree catches Indian drug firms' fancy
Horphag Research likely to commence clinical study on pycnogenol More

POLICY


Metro rail: States to choose gauge
The Union Cabinet has decided that in the construction of Metro Rail systems, the respective State Governments would choose the gauge to be adopted. There was a disagreement between the Ministry of Urban Development and the Ministry of Railways ... More

TAXATION


Goa poised for VAT reforms
Buoyed by hefty VAT collections, it has embarked on rationalisation of tariffs More

SSI


Codissia wants Ministry help to contain steel price increase
More

EDUCATION


`Open higher education to pvt sector'
In order to increase skilled manpower and create more jobs, the PHD Chamber of Commerce and Industry feels that the higher education sector needs to be opened for private sector participation. The chamber is of the view that ... More

FOODS & FOOD PROCESSING


Mango pulp units in TN, AP likely to be hit by delayed season
Production to be less than half of last year's More

GEMS & JEWELLERY


D'damas to launch steel jewellery range
Eyeing the youth segment, D'damas Jewellery India Pvt Ltd will soon launch steel jewellery range — Rave. According to Mr Sushmay Saha, Deputy General Manager (Franchisee Operations), the new range of diamond-studded steel jewellery would ... More

REAL ESTATE & CONSTRUCTION


New Delhi realty co to enter TN
Close to tying up 4-5 property deals More

Noida Toll Bridge's GDRs placing
Noida Toll Bridge Company Ltd has said that a notice has been given to exercise the over-allotment arrangements in respect of a further 1,136,363 global depository receipts (GDRs) at the placing price of $3.96 each. It is ... More

INDUSTRY ASSOCIATIONS


Maditssia sore over SBI strike
The Madurai District Tiny and Small Scale Industries' Association (Maditssia) is extremely sore over the State Bank of India staff strike over the issue of revision of pension benefits.The association President, Mr S. Aravind, in ... More

DISINVESTMENT


SPS Steel & Power to bid for Hirakud Industrial
Orissa Govt invites fresh tenders More

WTO


India seeks `policy space' at Doha
Agriculture tariffs the only instrument for safeguarding rural poor, says Kamal Nath More

RURAL DEVELOPMENT


Nasscom catalysing change in villages
IT cos roped in for development projects More

EVENTS


Technology meet on May 10
Banknet India is organising a summit on `Transformining through Technology' on May 10, 2006. The second annual summit will bring together business heads from the banking industry as well as showcase the products of technology vendors across ... More

Chennai to host industrial expo from April 9
Global firms to participate More

EXPORTS & IMPORTS


Upsurge in tea exports to Pak
Shipments may top 12 mkg More

Certification woes dog organic basmati growers
Farmers unaware of control system, says Apeda Chairman More

No stoppage of crude palm oil to India, says Indonesia
Indonesia has no intention of stopping crude palm oil (CPO) export to India. This has been officially stated by a senior government official in Jakarta in a letter to the Solvent Extractors' Association of India (SEA). Earlier, based on a press ... More

APEDA project to boost mango exports
The Andhra Pradesh Export Development Authority (APEDA) will soon launch an Integrated Infrastructure Development Project (IIDP) to boost mango exports, the Union Minister of State for Commerce, Mr Jairam Ramesh, said on Thursday.Addressing a ... More

VENTURE CAPITAL


US co SVIP eyes partnerships
SV Investment Partners (SVIP), formerly known as Schroder Ventures US, a US-based private equity investment firm is looking at partnerships with local players to tap opportunities in the Indian market. Mr Nicholas E. Somers, partner, SV ... More

TOURISM


Hike in taxes upsets Goa tourism sector
`New features to hit hotel industry' More

Singapore Tourism eyes AP
Encouraged by the increasing inflow of tourists from Hyderabad to Singapore, the Singapore Tourism Board is organising a two-day promotional campaign here on April 8 and 9. The campaign will feature dance performances by ... More

Visa ties up with Tourism Ministry
Visa International has tied up with the Ministry of Tourism to promote India as a preferred international tourist destination. "Visa has been a great supporter of tourism globally. Since we are a payment company, the tie-up offers the traveller ... More

ECONOMIC OFFENCES


SEBI final report on IPO scam soon
The Securities and Exchange Board of India is expected come out with a final report on investigations into the IPO allotment scam shortly. According to SEBI sources, the final report is expected to reveal names of more people and banks involved ... More
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Top Stories
Yodeva forms venture with Austrian firm


HC declines plea against merger of Ganesh Bank with Federal

Certification woes dog organic basmati growers

Ogilvy India spearheads Pak, Bangla foray

Heat wave in North may abate soon

ICICI Lombard offers cover for wind farms

French pine-tree catches Indian drug firms' fancy

5 ultra mega power projects under way

In Focus

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In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
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Looking back
Mar. 26-Apr. 1
`Critical gap' in US Trade Policy

ONGC roadshow: 26 firms respond

Medical kit sector rules out new investments

Cellular operators slap notice on BCCI

`Print media has scope in digital age'

The vital missing track

`I am focussing on structural issues in specific sectors'

Value-added spices export surges

VAT compensation: Karnataka, Bihar, AP get Rs 902 cr

CAS meet: Stakeholders differ on pricing of channels

India gains edge in par-boiled rice market

`Nano tech, the new wealth creator'

PAN holders can view tax statements online

`Businessmen coming back to Bihar'

Actis to invest in pvt power projects

Govt to create more power capacity by 2017

Sample from MP district tests positive for bird flu

Chicken producers declare hatching holidays

Project to produce ethanol from sweet sorghum

ONGC may pay more for OMCs to book profit

Banks raise FCNR (B) deposit rates

New India seeks overseas reinsurance partner

New Jamnagar refinery: RIL looking for partner

Manmohan to discuss power sector reforms with CMs

`Adulteration rampant in edible oils'

Indian tea to gain on rising Kenyan prices

Micro finance attracts high interest at B-schools

Govt set to meet revised estimates for indirect taxes

Grapes turn `sour' for exporters

External debt down by $5 b at $119.2 b

H-1B visa filings for `07 from tomorrow

Copper, zinc producers likely to hike prices



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