Business Daily from THE HINDU group of publications
Monday, July 17, 2006
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INDUSTRY & ECONOMY

OUTSOURCING
Outsourcing to perfection
Insights into some trends in India's outsourcing industry More

COURTS/LEGAL ISSUES
Glittering memento
THE CHIEF JUSTICE of India, Mr V.K. Sabharwal, receiving a replica of the historic Charminar presented to him at the inauguration of the judicial officers' conference in Hyderabad on Sunday. The Chief Justice of the Andhra Pradesh High Court, Mr ... More

ECONOMY
Divestment not really crucial to reforms
The perceived fiscal problems of public sector units are more the result of flawed product pricing policies, says S. VENKITARAMANAN, quoting a recent study with startling revelations on PSU profitability. The Government should concentrate on improvin g these policies and, more important, realise that divestment is not an essential reform ingredient. More

Manufacturing growth healthy: CII
Lead and lead alloy, sponge iron, switchgears, motor starters, circuit breakers, fluid power, boilers, power transformers, textile machinery, cars, beer and mustard oil were among the 34 sectors that reported 20 per cent growth or above for the ... More

Centre conducts study to prepare Business Registry
The Union Ministry of Statistics and Programme Implementation has initiated a unique study that would attempt to map all business activity that takes place across the country. A comprehensive Business Registry will not only help the Government ... More

FERTILISERS
IFFCO's Phulpur unit switches to LNG
The Indian Farmers' Fertiliser Cooperative Ltd (IFFCO) has completed conversion of its naphtha based ammonia-urea complex at Phulpur in Uttar Pradesh into a gas-based unit. This will lead to an annual savings of around Rs 1,000 crore, according ... More

FOREIGN TRADE
Uncertainty over tea delegation visit to Pak
Deteriorating relationship between the neighbours More

HEALTH
Knights of Mumbai's terror evening
Ambulances lament absence of Govt emergency plan More

INFRASTRUCTURE
Kakinada seeks rail connectivity
The port town of Kakinada has grown in importance in recent times with the construction of a deepwater port, the discovery of huge reserves of gas in the Krishna-Godavari basin nearby, and the plans of the Andhra Pradesh Government to set up a ... More

Bengal to devise policy for SEZs
15 proposals already received for multi-product mega SEZs More

PETROLEUM
Oil market remains vulnerable to shocks
Crude, gold & metal markets may test higher levels More

ONGC may give shipping cos time to modernise fleet
ONGC is keen on replacing its offshore supply vessels with new ones that have sophisticated equipment. But even if it were to give the ship-owners time to modernise their fleet, it may not be of any great help, as shipyards the world over are choc-a- block with new orders and, hence, cannot accept any new buildings for the next two years. More

PHARMACEUTICALS
Cool solutions in the box
India's fast-growing healthcare industry's demand for temperature-controlled air cargo containers is soaring, so much so that Envirotainer, the Sweden-based leader in temperature-controlled air transport solutions, has appointed Interavion Pvt ... More

TAXATION
Whining and whimper in the CA camp
If you find your friendly neighbourhood chartered accountant (CA) unhappy, the reason may be a recent development in service tax. According to an `exemption notification' issued by the Government, CAs (and other practising professionals such as ... More

VAT panel asks UP to join tax info exchange system
The VAT panel has urged the Uttar Pradesh Government to join the National Tax Information Exchange System (TINXSYS), which has been put in place to facilitate information exchange between the sales tax departments across the country and establish ... More

Panel makes case for Kerala to increase own tax revenue
Report cites `major structural failing' in tax receipts More

TN Chamber team meets Chief Minister
Office-bearers of the Tamil Nadu Chamber of Commerce and Industry led by the President, Mr S. Rethinavelu, met the tamil Nadu Chief Minister, Mr M. Karunanidhi, in Chennai earlier this week. They held detailed discussions and offered several ... More

SSI
Indian candles light up US homes
Primacy Industries is supplying perfumed wax candles to major retailers More

SSI body seeks changes in policy to boost credit flow
Centre urged to focus on revival of sick units More

RADIO/TV
`Wrong signals'
It's network stations vs Echostar in this face-off over `served' and `unserved' households. More

GEMS & JEWELLERY
Diamond trade lost many members to serial blasts
Organisations express need for more security More

REAL ESTATE & CONSTRUCTION
Grounded in `realty'
Tapping the housing needs of IT firms is this portal. More

GOLD & SILVER
Gold may test resistance, dip
Gold futures ended higher on Friday at a seven-week high due to safe-haven buying on the back of escalation of violence in the West Asia. Should the existing tensions evolve into a full blown one, gold stands poised to go higher along with rising ... More

INDUSTRY ASSOCIATIONS
Sattur chamber seeks action on wax supply to match units
The Sattur Chamber of Commerce and Industries has urged the Chief Minister of Tamil Nadu, Mr M. Karunanidhi, and the Union Minister for Petroleum products, Mr Murali Deora, to take action for the immediate supply of Type II wax for small match ... More

KNITWEAR & HOSIERY
Revive gold card scheme: TEA
Knitwear exporters have suggested to the RBI to rationalise the fees being collected by the banks for various non-fund services extended to the exporters, with a view to reducing the transaction costs for the shippers. They have ... More

OILSEEDS & EDIBLE OIL
Palm oil likely to test resistance
Malaysian crude palm oil futures ended higher on Friday fuelled by rising crude oil prices. However, lack of demand capped further gains as stocks of palm oil surged higher and exports still remain dismal. Exports of palm products for July ... More

SCIENCE & TECHNOLOGY
ISRO to tighten component quality audit
To ensure zero defect in its entire supply chain More

RURAL DEVELOPMENT
ITC plans greater reach for e-choupals
After creating a niche for itself in electronic-based agribusiness business activity in rural areas, the ITC-supported e-choupals are now set to graduate to the next level. The e-choupal network is set for both horizontal and vertical ... More

HUMAN RESOURCES
Succeeding in the matrix
Here are more strategies to deal with and enjoy working in matrix structures. More

SECURITY
`Going concern' on the whetstone of `business continuity'
July 11, evening. Raju had a quick nibble at an Udupi restaurant before rushing to Matunga station. The ring of the cell phone interrupted his brisk pace. "Yeah," he mumbled. "Thought you'd finish the finalisation today," said his boss ... More

EVENTS
Agenda for the week
FICCI (Eastern Regional Council): Banking conclave with the CMD, Union Bank of India, Mr M.V. Nair; 11.45 a.m.; Hotel Oberoi Grand, Kolkata. IIFT: Mr Jairam Ramesh, Minister of State for Commerce, will inaugurate Two-year ... More

FICCI to hold `Yuva 2006'
The Federation of Indian Chambers of Commerce and Industry (FICCI), in association with the Andhra Pradesh State Council of Higher Education (APSCHE) is organising `Yuva 2006', a conference-cum-exhibition focussing on the youth ... More

ENTREPRENEURSHIP
CED meet in Hyderabad
The Centre for Entrepreneurship Development (CED) is organising a 10-day meet here on `Project ideas to start small-scale industry and small business' from July 20-29, 2006. Special focus would be on agro-food processing ... More

Learning to become a businessman
A number of B-schools and technical institutes are stepping up their focus on entrepreneurship management. More

EXPORTS & IMPORTS
Govt may lift ban on sugar exports in October
Record sugar output of 22 mt in new season likely More

TN sugar mills want ban on exports lifted
Says advantage of being cheap producer must be exploited More

`ECGC striving to improve service'
The Export Credit Guarantee Corporation of India Ltd (ECGC), in its Golden Jubilee year, is offering a number of new products to exporters and striving to boost exports, according to Mr S. Prabhakaran, Executive Director. In an interviewe on ... More

Exports touch $102 b in fiscal 2005-06
India's merchandise exports grew by 23 per cent to touch record levels of $102.7 billion during the financial year 2005-06 and it is estimated to cross $120 billion by the end of 2006-07, according to the Ministry of Commerce and Industry. ... More

Export conditions better: FICCI survey
A majority feel conditions better than last six months More






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Top Stories
Exports touch $102 b in fiscal 2005-06

`Retail investor started paying attention only when Sensex was 12,000 and beyond'

Uncertainty over tea delegation visit to Pak

Oil market remains vulnerable to shocks

Mergers & Acquisitions in mutual fund space

Maritime security in dire straits

Looking back
Jul. 9-Jul. 15
TUFS: Processing of new loan plans stopped

Banking transaction tax erodes tax base: IMF study

Arcelor-Mittal may drop Jharkand project

Fundamentals loaded in favour of higher crude prices

Sical Logistics combine gets LI for iron ore terminal project

Investment panel moots automatic route

Gujarat clocks 12.6 pc agri growth in two years

New audit norms for central excise, service tax assessees

June car sales up 24.5 pc as price hikes loom

Bullish outlook for cement firms on back of higher prices

Excise, customs duty collections rise in Q1

Insat-4C loss: ISRO to decide on accommodating DTH operators

OVL has two more weeks to bid for Rosneft stake

Insurance claims process for Mumbai blast victims made easy

`Mumbai blasts will not hurt economic growth'

Grave grief, small graces

Rlys mulls permitting pvt players to manage warehouses

`Petro price hike was inevitable'

KG Basin reserves: DGH asks Niko to respond in 15 days

SEBI reiterates PAN requirement

Tea trade seeks anonymity in e-auctions

CAs, Co Secys exempted from service tax for some services

`Crude may top $80 in short term'

Why investment-linked sops make better economic sense

India ranked 11th in OICA global car output for 2005

FIPB clears 68 pc FDI in Hutchison Essar


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