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Wednesday, July 05, 2006
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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Heavy rains hamper operations at Paradip
Normal operations at Paradip port were badly hit in the past two days due to inclement weather. Heavy rains along with a windspeed of 90 km per hour lashed the port, forcing the authorities to raise cyclone signal no.3. Ship movement to and ... More

Air, rail services hit as rains lash Mumbai
Several corporates down shutters More

No respite
A FLOODED road in suburban Mumbai as rains continued to lash the city on Tuesday .

More

Rains unrelenting, depression holds
The deep depression over land held itself together overnight, and moved west from its perch over Cuttack to lie over Raipur on Tuesday morning, generating heavy downpour all across. The system is likely to move west-northwest and cause ... More

Heavy rains affect banking operations
Rains have affected banking operations in the city. ICICI Bank, the largest private bank, had closed its head office in the Bandra Kurla complex at 11.30 a.m. on Tuesday. This was to avoid employees getting stranded at the office as it happened ... More

Gale of fury
A HUGE vinyl billboard blown apart due to strong winds in front of the Telugu Desam party headquarters, in Hyderabad on Tuesday as the twin cities experienced a mild drizzle following depression in the Bay of Bengal. ... More

NRIS
More banks hike FCNR, NRE deposit rates
State Bank of Hyderabad (SBH) has announced an upward revision in interest rates on NRE, FCNR and RFC term deposits effective July 1. In a press release here, the bank said the NRE term deposit rates for one to two years is increased to ... More

ECONOMY
US growth: Upside surprise in store?
Fed may well be on course to raising rates to 6 pc More

Pocket
More

FOREIGN TRADE
Govt trying to renegotiate tax treaty with Mauritius
The Government said on Tuesday that it was trying to renegotiate the double taxation avoidance agreement with Mauritius to check misuse, even while making it clear that there cannot be a unilateral decision on this matter given the diplomatic and ... More

PETROLEUM
Major airlines hike fuel surcharge
Domestic air travel will become a bit more expensive from July 7, as Jet Airways, Air Sahara, Indian, and Air Deccan, on Tuesday announced that they were increasing the fuel surcharge being levied on domestic air travel from Rs 300 to Rs ... More

POWER
`Efficient lighting tech can help meet energy needs'
In what is dubbed as the first detailed global analysis of energy used by lighting, the Paris-based International Energy Agency (IEA) has asserted that even though global energy demand for lighting will be 80 per cent higher by 2030, making ... More

TAXATION
No service tax on money orders, postal orders
Transfer of money through money orders, operation of savings account in post offices and purchase of postal orders would not attract any service tax, the Government has said. This is because Department of Posts is not considered as a service ... More

EDUCATION
Pro-Chancellor, VC for MAHE appointed
The Manipal-based Manipal Academy of Higher Education (MAHE), a deemed university, has announced the appointments of Pro-Chancellor and Vice-Chancellor for the university. A press release by Dr Ramdas M. Pai, Chancellor of MAHE, said that Dr ... More

SCIENCE & TECHNOLOGY
GAGAN to be ready in 2009
GAGAN, (GPS-aided Geo-augmented Navigation), a project taken up to aid civil aviation in the country by ISRO and the Airports Authority of India, will be fully operational by 2009, ISRO authorities said. The system has given accurate ... More

ISRO eager to launch Rs 800-cr `satnav' biz
`India set to become biggest user of satellite navigation' More

MINING & QUARRYING
Mining co-operatives to become a reality
Coal sector being opened to pvt cos, Ministry to position co-operatives as third player More

FOREIGN DIRECT INVESTMENT
Telecom FDI: Extension notified
Pursuant to the Cabinet decision last week, the Government has notified extension of the time period for the telecom service providers to comply with the revised foreign investment ceiling in their paid up equity, by three months ... More

WTO
Doubts over market access in farm sector stall WTO talks
`Interests, concerns of farmers are non-negotiable' More

REGULATORY BODIES & RULINGS
Tulip gets LoI for long distance telephony licence
Tulip IT Services Ltd, provider of end-to-end data connectivity, has been awarded the letter of intent for long distance telephony licence by the Department of Telecom (DoT). The company is planning to focus on data services and is not planning ... More

TAMP to hold hearing with port users on July 14
Proposal of Kochi port to enhance cargo rates More

EVENTS
Workshop on career in new media
School of Media Studies is conducting a one-day workshop on New Media New Career on July 8 at SOMS Campus in Kaloor. Eminent media personalities will lead the workshop. The entry is open to all who want pursue a career in media. ... More

INCOME TAX
`Pay up tax on high value deals'
We will reach those hiding sooner or later, warns Chidambaram More

NATURAL CALAMITIES
Maharashtra: Authorities gear up as rains continue
Mumbaities don't forget things easily and the 2005 Mumbai floods is something that every Mumbaikar recalls with stories that could become the next bestseller in town. Well, its almost a year now and as the monsoon settled in this month, the ... More

AP announces relief measures for flood hit
The State administration has announced some relief measures for those affected by the recent rains. Families brought to the relief camps following incessant rains will be provided 20 kg of rice and Rs 250 for clothes and Rs 250 for utensils. ... More

PEOPLE
Dr Chadha elected to intl society
Dr R.K. Chadha, Scientist at the National Geophysical Research Institute (NGRI), here has been elected President of the International Natural Hazard Society at the recently concluded Hazards 2006 conference held in Patras, ... More






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Top Stories
Govt trying to renegotiate tax treaty with Mauritius

`Iron ore advantage will help Indian steel firms'

Oracle revenues in APAC, Japan grow 18 pc

Farm Ministry says no shortage of cereals

Doubts over market access in farm sector stall WTO talks

`8-9% growth in 11th Plan feasible with a strong fiscal effort'

US growth: Upside surprise in store?

Bellwether indices continue to move within narrow range

Tata Motors clocks 37 pc rise in June sales

Heavy rains hamper operations at Paradip

Looking back
Jun. 25-Jul. 1
MNCs driving into Indian commercial vehicles space

ONGC, DGH reach accord on hydrocarbon discoveries

Private sector funds to be tapped for infrastructure: PM

Stocks will grow at a faster rate relative to the GDP

OIDB puts on hold plan to offer working capital loans

ICAI suggests changes in fringe benefit tax

Steel prices will stabilise, say experts

Centre opts for duty-free sugar imports

VAT States' tax revenues up 24 pc in April

Indian cos not in the mood for mergers, says SAIL chief

PM favours cheaper loans to handloom weavers

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

Demand for construction machinery on the rise

AMCs await full SEBI guidelines for foray into real estate MFs

Wheat import duty pegged at 5 per cent

Oil bonds: A sticky problem for accountants

Concern over rising salaries for IT freshers

Surge in wheat imports unlikely despite duty cut

New mining policy to boost investments

Sun DTH, Lankan TV to ride on Insat 4C

Palm oil tariff values hiked

SAFTA takes effect from today

Rangarajan calls for labour law flexibility, but not hire and fire


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