Business Daily from THE HINDU group of publications
Thursday, June 29, 2006
Markets (June 28)
BSE Sensex10129.70(-21.31)
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INDUSTRY & ECONOMY

POLLUTION
Vembanad upkeep plan in limbo
Govt yet to prepare action plan to save the shrinking lake More

EMPLOYMENT
Concern over rising salaries for IT freshers
While the major IT companies have been debating problems of high-volume recruitment, there is a bigger challenge that's emerging — rising salaries of freshers. At an industry-academia interface organised by Campus Connect, a division of ... More

Plaints filed against H-1B specific ads
The complaints cited ads for computer programmers from actual postings on various Web sites. More

CLIMATE & WEATHER
IFFCO-Tokio to expand weather risk coverage
IFFCO-Tokio General Insurance (ITGI) has decided to double the coverage of its weather insurance product to 220 districts from 106 districts this year. The company has chalked out plans to roll out the offering in other States. "But it will ... More

ECONOMY
`A one-billion middle-class deluge from India, China by 2020'
`Demand, supply shock' of the burgeoning millions already felt by global economy: Study More

Pocket
"I bargained hard...and ended up paying more as prices went up in that ten minutes!"

More

EXCISE AND CUSTOMS
Wheat import duty pegged at 5 per cent
The Government on Wednesday notified a concessional duty of five per cent on wheat imports by private parties. This new rate, to be effective from June 28, will be valid till December 31, 2006, a Finance Ministry release said. Till now, wheat ... More

`Customs duty collections will meet Budget estimates'
The Finance Minister, Mr P. Chidambaram, has expressed confidence that customs duty collections for fiscal 2006-07 would meet Budget estimates even while striking a note of caution that the good tidings on the customs duty collections front may ... More

PETROLEUM
Oil bonds: A sticky problem for accountants
When the Government raised the price of petrol and diesel a few weeks back, it also announced that bonds would be issued, to save oil PSUs from "certain bankruptcy." The so-called `oil bonds' are to be for Rs 28,000 crore, as the current level ... More

POWER
Dabhol: Ministry seeks duty sops for naphtha
Ratnagiri Gas facing depleting naphta stocks and no LNG supplies More

STEEL
SAIL plans to make stainless steel at Salem plant
Steel Authority of India Ltd (SAIL) announced on Wednesday plans to enter value-added steel manufacturing and manufacture of stainless steel at its Salem Steel Plant (SSP). The company has so far sourced stainless steel slabs for the Salem plant ... More

TAXATION
Kerala cable operators stage blackout
The Kerala State Committee of Cable TV Operators' Association froze channel operations on Wednesday for 12 hours from 6 a.m. in protest against the introduction of five per cent luxury tax on cable operators in the revised State budget. It was ... More

TERRORISM
Financial terrors in dark databases
The latest issue of AccountingWeb's `Weekly Business Bite' includes a link to an item headlined, `Terrorist Finance Tracking Programme Disclosed.' The reference is to the recent disclosure by the US Treasury Secretary John Snow about the ... More

RADIO/TV
Animax to target youth
To market programmes through Net, radio, on-ground activities More

EDUCATION
Enlightened affirmative action is the key
To create a humane, inclusive society, public policy must be perceived to be fair, open and transparent. Reservation is not the best means to achieve social equity in a developing country. A more enlightened affirmative action is the need of the hour . More

Maruti driving school in Hyderabad
Maruti Udyog Ltd on Wednesday announced the launch of its first driving school in Andhra Pradesh in collaboration with Saboo RKS Motor, a Maruti dealer. Maruti DGM, Mr R.K Parimoo, said road safety and traffic management are focus areas in ... More

CARS
Sams Auto launches car sale portal
UK-based Sams Auto Trade India has launched carsalesindia.com, a Web platform for car buyers, sellers and dealers. The site has a database of used and new cars along with their pictures, details of the ownership and other information. It offers ... More

GEMS & JEWELLERY
Tanishq exclusive stores in US soon
Unveils first concept store in Kolkata, plans 4 more More

Polygon embarks on global expansion
Polygon, the jewellery industry's largest B2B Internet marketplace, announced the beginning of its global expansion with the opening of offices in Dubai, Mumbai and Shenzhen, China. Polygon's international initiative is a ... More

REAL ESTATE & CONSTRUCTION
Demand for construction machinery on the rise
Companies to cash in on the economy growth, realty boom More

AMCs await full SEBI guidelines for foray into real estate MFs
Concern over norms regarding valuations and price discovery More

New `fort'ress
HIGH HOPE: A new mall `Fort Knox' getting ready in Kolkata. The Left Front Government is bullish about various private investment plans which it hopes will help the growth of West Bengal. ... More

INDUSTRY ASSOCIATIONS
`Long-term investments should be held as capital gains'
Long term investments in the stock market whereby shares are held for 12 months or more should be held as investment and not stock-in-trade and gains there from treated as long-term capital gains, suggests industry chamber FICCI. On the Central ... More

HANDLOOM
PM favours cheaper loans to handloom weavers
Address debt overhang problems, Textile, Finance Ministers told More

MINING & QUARRYING
Uranium Corp to go ahead with mines development plans
Mine construction to begin after clearances More

WTO
Call to address development challenge of Doha Round
India today made a strong pitch for addressing the development challenge of Doha Round "frontally and substantially" if the current global multilateral trade negotiations are to succeed. In a letter addressed to trade ministers of all member ... More

SOCIAL WELFARE
Award to enhance NGOs credibility
The Resource Alliance, the UK-based organisation that supports NGOs in building capacities, has announced the 2006 edition of the `The India NGO Award' and invited NGOs in the region to take part in the competition. Addressing a press ... More

RURAL DEVELOPMENT
`Kudumbashree' wins award
The Kerala Government's State Poverty Eradication Mission, Kudumbashree, is one of the winners of the Innovation for India awards. The organisation has won the award in the `social innovation by non-business organisations' ... More

EXPORTS & IMPORTS
Wheat import deal finalised
At average rate of $198 a tonne More

VENTURE CAPITAL
IDFC fund to invest Rs 90 cr in Manipal Health Systems
IDFC Private Equity Fund is investing Rs 90 crore in Manipal Health Systems Private Ltd to fund its growth plans beyond the southern region. MHS currently manages three tertiary care hospitals, eight secondary care hospitals and nine primary ... More






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Top Stories
Demand for construction machinery on the rise

PM favours cheaper loans to handloom weavers

`A one-billion middle-class deluge from India, China by 2020'

AMCs await full SEBI guidelines for foray into real estate MFs

Oil bonds: A sticky problem for accountants

Concern over rising salaries for IT freshers

Wheat import duty pegged at 5 per cent

Time to say goodbye to World Bank?

Qualcomm may invest more in R&D centres

Looking back
Jun. 18-Jun. 24
Govt to include welfare programmes in national e-governance

Curtailment of benefits: Exporters to approach Minister, PMO

Petrapole infrastructure to be beefed up

DLF IPO to hit the market by July 15

Zinc users seek price regulatory panel

PepsiCo set to start citrus cultivation in Punjab

The data-exclusivity debate hots up

Football has viewers' eyeballs

Reliance Ventures, HSIIDC to set up 25,000-acre SEZ in Haryana

`Even 10 pc of world auto-component business is lot for India'

`Financial apartheid' in informal sector: Study

Footwear exporters bullish as demand grows

RIL declines discount request of oil retailers

Mumbai floods weigh on Oriental Insurance net

12 States allotted 19 coal blocks

MCX gets FMC approval for natural gas futures

Restore target plus scheme benefits to exporters: FIEO

Presence of gas hydrates established in KG Basin

`India on radar of many cross-border real estate investors'

Oilseed farmers await revival of monsoon

Sensitive items import dips in 2005-06

Inflation tops 5% tracking all-round price hike

Mercury exposure on the rise in India: Study

Budget targets the rich in Kerala

Left parties oppose divestment move


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