Financial Daily from THE HINDU group of publications
Wednesday, May 10, 2006
Markets (May 9)
BSE Sensex12513.86(+51.39)
S&P CNX Nifty3720.55 (+27.40)
US Dollar (Buy/Sell)44.96 (-0.03)

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Respite from heat to be brief in North
The brief respite from a searing heat wave in North and Northwest India is set to end with a prevailing western disturbance dying out as early as in the next 24 hours. This will only set the stage for the next round of heating to begin in the ... More


Centre mulls pension schemes for Gulf returnees
Amendment to Immigration Act, NRI centres abroad on cards More


G.S. Parkhe awards
The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) has announced the G.S. Parkhe Industrial Awards for the year 2006. The chamber received about 27 nominations. Talking to presspersons, Mr Ravi Pandit, President, MCCIA, said ... More


Oil hike: Equitable distribution of burden needed, says Deora
`Ministry working on several alternatives to meet everyone's requirements' More


Greenpeace opposes entry of cruise liner SS France
Govt yet to frame policy on safe shipbreaking, it says More

Can banks ensure eco-friendly economic development?
Bank lending can be used to mitigate eco risks and ensure compliance More

FACT hands over 50 acres for waste treatment plant
The common facility for treatment and disposal of industrial waste from various factories in the State is a project suggested by the Supreme Court Monitoring Committee. More


ISRO signs MoU with AP Govt on telemedicine
The Indian Space Research Organisation (ISRO) and the Government of Andhra Pradesh have signed a memorandum of understanding (MoU) for establishing telemedicine network in the State. Under the MoU, the ISRO would provide satellite bandwidth for ... More

A policy defective in design
The Delhi High Court recently passed a ruling for effective implementation of the commitment made by hospitals to serve poor patients in return for getting land at concessional rates. Land was allotted by the Delhi Development Authority (DDA) ... More

Diabetes screening device
Doctors in South India are the first in the world to have discovered the benefits of a new medical technology — ANSiscope — that helps in early screening of a major diabetes complication called diabetic autonomic ... More


`Many cos keen to set up units in Mangalore SEZ'
There are enough opportunities for entrepreneurs to set up their units in the general-purpose multi-product component of Mangalore Special Economic Zone (SEZ), according to Capt J.P. Menezes, Vice-President of Kanara Chamber of Commerce and ... More

Height of protest
ON DAM ISSUE: The Narmada Bachao Andolan leader, Ms Medha Patkar (extreme left), and the Booker Prize winner, Ms Arundhati Roy (extreme right), with activists of the andolan at a demonstration against the Government in front of the Supreme Court. ... More


Crude may soften; metals to remain strong
Scope for further liquidation in oil position More

Crude futures witness waning interest
Investors shift attention to base, precious metals More

PetroFed urges Govt to save oil retail companies
With the Indian basket of crude oil at $68.9 a barrel in the second fortnight of April 2006, and prices going north, the oil industry has urged the Government to work out measures to save the retail companies. PetroFed, a body representing the ... More

ATF price rise: Praful Patel to meet Chidambaram
The Minister for Civil Aviation, Mr Praful Patel, is to meet the Finance Minister, Mr P. Chidambaram, in the next few days to discuss ways to curb the spiralling prices of domestic aviation turbine fuel (ATF). "The aviation industry is affected ... More


Cap on margins may dent power trading cos' profits
Power trading firms such as Adani Exports Ltd, Tata Power Trading Company Ltd, Reliance Energy Trading Ltd and PTC India Ltd could be the among the worst hit by the four-paise cap on trading margins imposed by the regulator, even as nearly all ... More

Energy demand to be a `major challenge'
In the next few years, the US, China, and India in particular, will turn increasingly to coal. MIT report paints a grim picture More


Textile industry wants quick TUFS disbursement
Claims an estimated backlog of over Rs 200 cr More


`Entrepreneurs must tap investment culture'
The increasing investment culture in the country marks a movement towards prosperity and the entrepreneurs should use this trend to the benefit of industrialisation of the southern region through their efforts, according to the Managing ... More


USCIS gets 12,713 H-1B filings
The proposed immigration reform Bills and the latest SKIL Bill in the US Senate may have raised expectations of the IT industry, but visa hopefuls are not leaving anything to chance. The rush for the H-1B visas continues with US Citizenship and ... More


Call to develop Udupi, DK as educational hubs
Dr N.K. Thingalaya, Chairman of the Academic Council of Justice K.S. Hegde Institute of Management, has stressed the need for developing Dakshina Kannada and Udupi districts as international education hubs. Presiding over the Institute Day ... More

ISB ties up with Indu for real estate research
The building laws and infrastructure guidelines in various States need rationalisation towards uniform regulatory framework. More

MIT to collaborate with IFMR
The Institute for Financial Management and Research (IFMR), Chennai, and the Massachusetts Institute of Technology India Open Course Ware (MIT OCW) have signed a three-year agreement for developing course content and ... More


WGC launches Expressions 2006
The World Gold Council (WGC), in association with Vicenza Fair Authorities and D'damas Gold (as the Indian Retail Partner), has unveiled the "Gold Expressions 2006" Italian collection at India International Jewellery Show 2006 ... More


Deemed Deputation — IRCTC on productive employment drive


Mahratta Chamber to launch arbitration cell in Pune
The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) has decided to launch an arbitration cell in Pune. Talking to presspersons, Mr A.N. Navare, Chairman, Corporate Legislation, said the need to set up the arbitration cell was ... More

Steps to stop sand quarrying urged
Sattur Chamber of Commerce and Industries has urged the Centre to announce a new policy to safeguard sands in riverbeds. In a letter addressed to the Prime Minister, Dr Manmohan Singh, the chamber while welcoming the initiative ... More


Stone laid for biotech park near Hyderabad
This is part of the Genome Valley that hosts a biotech cluster and comprises ICICI Knowledge Park and Shapoorji Pallonji Biotech Park. More


ISRO, NASA ink pact for two US payloads aboard Chandrayaan-1
`Potential for further non-duplicating, cost-saving and data-sharing projects' More

`Indian astronaut on US spaceship unlikely for now'
A manned Indian mission to the Moon or even putting an `Indonaut' on a US space flight seems to be off for now, going by the statements made by the chiefs of ISRO and NASA here on Tuesday. The Department of Space Secretary, Mr G. Madhavan ... More


AP to divest stake in Hyderabad Industries
The Andhra Pradesh Government has decided to divest its holding in Hyderabad Industries Ltd. The Implementation Secretariat (IS) of the AP Public Enterprises Department has informed the stock exchanges that the State Government is disinvesting ... More


UP Power Corpn fined for grid violation
The Central Electricity Regulatory Commission (CERC) on Tuesday imposed a fine of Rs 1 lakh on the Uttar Pradesh Power Corporation Ltd (UPPCL)for continuous violation of grid code norms. Acting on a petition by the Northern Region Load ... More


Quality norms eased for wheat imports
Latest STC tender for 3 mt permits 2 fungal pathogens in cargo More

Suppliers flay STC wheat tender
Terms and conditions of the new STC tender for import of three million tonnes of wheat have raised the backless of potential participants. The terms are widely seen as onerous and intended to keep many participants at bay. There is also ... More


Illegal sugar trade with Bangladesh?
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Top Stories
Buy `n' sell of FIs, FIIs in Nifty stocks

Cap on margins may dent power trading cos' profits

Bhoruka Financial Services could have a bearing on DLF IPO

Crude futures witness waning interest

PetroFed urges Govt to save oil retail companies

ISRO, NASA ink pact for two US payloads aboard Chandrayaan-1

Illegal sugar trade with Bangladesh?

Absence of board at major ports threatening capacity expansion

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. 30-May. 6
ICICI Bank subsidiaries post higher profit

Indian Bank, IOB to decide on rate revision soon

IT boom in Chennai

New import norms for GM soyaoil may be deferred

Centre in talks with 5 countries for gas supply to Dabhol project

Medical device makers get a breather

Indiabulls Fin de-merges real estate division

GAIL to set up LPG plants in Uzbekistan

Paradip Port's oil jetty finds takers now

Commerce Ministry recommends imposition of definitive anti-dumping duty

`FCI can take delivery of Australian wheat'

`Consultant for AI-IA merger soon'

IA plans Rs 300 fuel surcharge soon

Toilets or TV sets — A tale of distorted priorities

Maagrita begins to export mangoes from AEZ

Mahajan's death: An undeniable loss for BJP

Export infrastructure yet to take off

Lack of adequate rain worries coffee growers

`India less vulnerable to global imbalances'

RNRL defends gas supply pact with RIL

Ministry for one-third independent directors on PSU oil company boards

Godrej joins other FMCG majors in shopping for cos abroad

Tyre companies seek suspension of rubber exports

New avenue opens up for importing raw sugar

Deficit reduction on track: S&P

Ministry yet to decide on gas sales between Reliance cos

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