Financial Daily from THE HINDU group of publications
Wednesday, April 26, 2006
Markets (April 25)
BSE Sensex11646.78(-268.46)
S&P CNX Nifty3462.65 (-86.25)
US Dollar (Buy/Sell)45.06 (-0.08)

Cross Currency


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Array of trade pacts a cause for concern: India Inc

Rogers Group keen on pacts with Indian cos
Mauritius-based Rogers Group, a $300-million company engaged in aviation, hotels, leisure, logistics and shipping, is looking to tie up with Indian companies in the near future, said Mr Philippe Espitalier-Noel, Executive Director, Rogers Group. ... More


Seven States seek Centre nod for regional SEZ
Seven States — Andhra Pradesh, Gujarat, Haryana, Karnataka, Orissa, West Bengal and Maharashtra — have approached the Centre for setting up of special economic/investment regions in their region. These would be on the lines of Pudong ... More

ZonesCorp launches infrastructure fund
The ZonesCorp Infrastructure Fund — the ZonesCorp Fund, an unlisted infrastructure investment vehicle focused primarily on ZonesCorp projects, has been established in the Abu Dhabi emirate. Sheikh Hamed Bin Zayed Al Nahyan, Chairman of ... More


MRPL may firm up proposal to lift crude from PMT in May
Product-sharing contract may be changed to denominate IOC More

ONGC's coal bed methane contracts get delayed
The awarding of integrated contracts by ONGC for exploration and development of coal bed methane (CBM) in six blocks in Jharkhand and West Bengal is delayed at least by a month. The contracts were expected to be awarded in April. Hectic ... More

25 cos attend NELP VI road show in Dubai
The road show held in Dubai to project the investment opportunity offered by India for oil and gas exploration in 55 blocks under the sixth round of New Exploration Licensing Policy (NELP VI) was attended by 25 organisations. According to an ... More


Service tax to be applicable on 15 new services from May 1
The Government has specified May 1 as the date from which service tax would be applicable on the 15 new services that were brought under this tax net in Budget 2006-07. The Budget 2006-07 had stated that service tax would be applicable on the ... More

Indirect tax mop-up surpasses target
The buoyancy in customs duty collections has helped the Government to not only achieve the revised estimates for indirect tax collections for 2006-07, but also surpass it. Excise duty collections for the financial year 2005-06 have, however, ... More


International jewellery show in Mumbai
The India International Jewellery Show 2006 (IIJS) is being held in Mumbai from May 4-8. Over 30,000 international and domestic trade visitors are expected at the fair. So far, 13,346 pre-registrations have been done. The Gem and ... More


Top NRI doctors heading home


MTNL to foray into real estate
Faced with declining revenues from the telecom sector, Mahanagar Telephone Nigam Ltd (MTNL) today said that the company would foray into real estate sector and is planning to form a new subsidiary for the same. The new subsidiary will also look ... More

Ravi Krishnan, real estate India fund head
Mr Ravi Krishnan, Managing Director IMG/TWI South Asia and Senior Vice-President, IMG, is joining a large real estate group as its India Head. The group, primarily based in Australia and Israel, is establishing a dedicated India ... More


FICCI paper on share buyback
The buyback of shares by companies should be exempted from Capital Gains Tax, says a paper on securities market regulation prepared by industry chamber FICCI and Society of Indian Law Firms. In the case of buyback of shares, gains are subject ... More


Chennai port sets new record in handling granite
The Chennai port created a new record on April 23 by handling 6,946 tonnes of granite blocks in the vessel Voyager. The previous record was 5,903 tonnes handled on April 29 last year in the vessel Windsor ... More


Nasscom not for job quota in pvt sector
Indicating that it was against the government move to introduce job quota in the private sector, Nasscom — the apex IT industry body said on Tuesday that the best way to end discrimination was to raise the ability of disadvantaged sections ... More


Ministry to issue tender for e-liquidation of companies
The Limited Liability Partnership Act to make winding up of cos easier, faster More


Demand keeps soyameal exports buoyant
Shipments to Far-East, S-E Asia likely to continue even in June More

Tubeknit Fashions eyes US market
Tubeknit Fashions Ltd plans to expand its production capacity to cater to the rising demand from overseas markets. The integrated apparel manufacturing company from Tirupur supplies fashion garments to major global retail brands in ... More


Smuggling of tea into Pak worries tea exporters


Will it keep its promise?
Foreign Trade Policy More


`Low' intensifies into depression; could even become cyclone
`Gradual rise in day temperatures over North, Central India' More
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RBI Annual Credit Policy 2006-07

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Top Stories
Serious Fraud Office for prosecuting DSQ Soft

`DLF IPO to make India a property-driven stock market'

KfW to grow India portfolio to 3 b euros

BILT records 26.8 pc rise in Q3 net profit

Dept of Posts ventures into tea marketing

Array of trade pacts a cause for concern: India Inc

MRPL may firm up proposal to lift crude from PMT in May

Service tax to be applicable on 15 new services from May 1

Indirect tax mop-up surpasses target

Demand keeps soyameal exports buoyant

ABB India Q1 net up 87 pc on higher orders

In Focus

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

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk

Looking back
Apr. 16-Apr. 22
Rising footfalls in malls trigger demand for temporary staff

Wind energy: India ranks fourth in the world, leads in Asia

Bank credit up 3.7 pc in last fortnight of 2005-06

Textile exports up 26 pc in first year of post-quota regime

Techies, watch your waistline

Cashew exports slip 7% in 2005-06

Farmers hold back wheat as buyers queue up

Sops removed for EOUs, SEZs under job scheme

`Govt to accord priority to biotech sector'

Paper products price revision on the cards

Auto components cruise on top gear this fiscal

ICICI Pru launches cancer care product

Inflation kept under check: RBI

Kerala HC quashes poll panel fiat on Smart City

Scale up nuclear capacity to 50,000 MW by 2030: Kalam

`Biscuit industry reels under high input costs'

Rubber output may top 8.30 lakh t this fiscal

Pvt sector job reservation won't affect FDI inflows

Pak team indicates doubling of Indian tea imports

Ultra mega power projects may hit regulatory hurdle

DGFT sorts out licensing issue on second-hand capital goods imports

Shipping cos to invest more in offshore sector

CII to create 100 new billion-dollar cos

Insurers get ready for deregulation of tariffs

Exclusive national weather portal launched

PM to inaugurate Hannover fair

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