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Saturday, September 21, 2002
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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Governor does a SWOT analysis — `TN needs to raise R&D spend'
THE Tamil Nadu Governor, Mr P.S. Ramamohan Rao, has urged the IT industry and the State Government to collaborate more in research and development (R&D) to counter the threats posed by neighbouring States not only in the IT sector but also other ... More

ANTI-DUMPING


Dumping probe into hexamine imports from Iran
THE Designated Authority in the Ministry of Commerce has initiated anti-dumping investigations on alleged dumping of hexamine from Iran. Hexamine is a white crystalline powder with a sweet metallic taste. In a pure form, it is colourless and ... More

ECONOMY


Govt contests S&P line — `Downgrade poses no problem'
THE Government has written to the credit rating agency, Standard and Poor's on Friday contesting the assumptions made by it for downgrading India's local currency debt to `junk' status. S&P had cited concerns of mounting domestic debt and ... More

Kerala Govt extends austerity measures to more units
All new recruits into the public sector units, autonomous bodies, boards and corporations would from now onwards be paid only their basic salary for a period of the first two years. More

Cement, steel power core sector growth in April-Aug
THERE is continued good news flowing on the industrial front, with the official index of the six `core' infrastructure industries registering a healthy 6.7 per cent growth rate during April-August 2002 and 6.9 per cent in August 2002 compared to ... More

A knee-jerk reaction, says CII chief
THE apex chambers of commerce and industry today came out strongly against the decision of Standard & Poor's to downgrade India's rupee debt rating from investment grade to `junk' and claimed that the rating agency's decision was driven by ... More

`S&P move will impact borrowing cost for corporates'
GLOBAL rating agency Standard & Poor's decision to lower India's long-term rupee debt from investment grade to junk will impact the cost of borrowing of Indian corporates planning to tap overseas markets for debt resources, according to the ... More

INFRASTRUCTURE


Durgapur city project Phase I to be ready in November
While the West Bengal Government is the key facilitator, the project cost is being met by Bengal Shristi through fund-raising efforts. More

Mahindra City to lure infotech, BPO cos
MAHINDRA City, the industrial park promoted by Mahindra Industrial Park Ltd (MIPL), is expected to attract investments in information technology industries and business process outsourcing. The Tamil Nadu Chief Minister, Ms J. Jayalalithaa, ... More

UB city Phase I may be ready in 30 months
THE first phase of UB city, a mixed-use real estate development project initiated by the UB group is likely to be ready for occupation in 30 months. The project will come up in the land at the corner of Vittal Mallya Road and Kasturba Road, ... More

POWER


Exxon bids for Bidadi gas supply contract
Exxon's interest comes close on the heels of the exit of Unocal from the joint venture on the expiry of the memorandum of understanding it had signed with the State-owned utility, Karnataka Power Corporation for setting up the project on a joint vent ure basis. More

KSEB for more load-shedding
KERALA State Electricity Board (KSEB) has proposed to the Government to increase the existing daily load-shedding from half-an-hour to one hour. This was decided at a meeting of the full board of KSEB on Thursday. The proposed increase in ... More

APTransco remote metering facility
HYDERABAD: The Transmission Corporation of Andhra Pradesh (APTransco) has introduced a remote metering facility in select industrial services and very high value commercial services for on line monitoring of electricity ... More

Wind power producers seek sops for smooth sailing
THE Indian Wind Power Association (IWPA), Chennai, has sought a slew of policy initiatives from the State electricity boards, the Ministry of Non-Conventional Energy Sources (MNES) and from Indian Renewable Energy Development Agency Ltd (IREDA) ... More

SSI


`SMEs should focus on intellectual properties'
THE Indian small and medium size (SME) IT firms should concentrate on creating intellectual properties (IPs), rather than competing and thinking about large firms such as Infosys and Tata Consultancy Services. ``The SMEs should understand that ... More

How China is racing ahead in industry
AN Indian entrepreneur from Rajasthan, Mr Jhunjhunuwala got an offer from the Chinese that he could not refuse. In less than 24 hours, he was given a plot of land and assured of other facilities to set up a brick manufacturing facility off ... More

WATER MANAGEMENT


Cauvery water supply scheme inaugurated
Referring to the pending issue of privatisation of water supply and distribution in the city, Mr Krishna said the Government was giving serious thought to the proposal. More

INDUSTRY ASSOCIATIONS


  • Commonwealth meet: Rahul Bajaj to lead CII team

    BIO-TECH & GENETICS


    Getting the basics right
    Is biotechnology really going to be the next big bang after IT in terms of job opportunities? To make it big, BT will have to concentrate more on education rather than rush into short-term contract work. More

    SILK


    Silk exports up 15 pc in Q1
    SILK exports have registered a 15 per cent rise in the first quarter of the current fiscal. Exports during April-June were Rs 488.91 crore as against Rs 482.30 crore in the corresponding period last fiscal, according to the figures released by ... More

    JUTE


    Jute textile exports set to top Rs 1,000 cr: Rana
    Mr Rana said the revocation of patent order would provide ``a great relief to the Indian jute industry'', which is already reeling under industrial and business problems due to highly competitive global market and charging of royalty by Geohess would have rendered the price of the Indian hessian highly uncompetitive in the global market. More

    SCIENCE & TECHNOLOGY


    Metsat beams first images
    THE first pictures have been obtained from the country's exclusive meteorology satellite and they "are of excellent quality," ISRO said today. Launched on September 12, Metsat is expected to reach its final designated slot on September 24 and ... More

    DISINVESTMENT


    SCOPE moots alternative route for divestment plan
    The Standing Conference of Public Enterprises (SCOPE), the apex professional organisation representing public enterprises, has suggested alternative routes to the strategic disinvestment decision pursued by the Government and stressed for a ... More

    `BJP backtracked on privatisation under pressure from within...'
    THOUGH committed to privatisation, the Bharatiya Janata Party (BJP) has gone back on disinvestment as it succumbed to the pressure of the RSS and its allies, according to the chief spokesperson of the Congress party, Mr S. Jaipal Reddy. He told ... More

    FOREIGN DIRECT INVESTMENT


    Plea to reject N.K. Singh panel report on FDI
    THE Swadeshi Jagaran Manch (SJM), Bhartiya Majdoor Sangh (BMS) and Bhartiya Kisan Sangh (BKS) have urged the Government to scrap the N.K. Singh committee report on foreign direct investment (FDI) which has recommended sweeping changes in the ... More

    TRADE & LABOUR UNIONS


    Textile TUs object to wage accords
    MAJOR textile trade unions in Tamil Nadu fighting for revision in the wages for the organised textile industry in the State have raised objection to wage settlements filed by 34 textile mill managements before the special industrial tribunal ... More

    Port, dock workers defer strike plan
    THE proposed strike in major ports by the five port and dock workers' federations from September 25 has been put off. According to the General Secretary of Port, Dock, Waterfront Workers' Federation of India, Mr V.V. Rama Rao, the federations ... More

    EVENTS


  • Hyderabad Engagements

    EXPORTS & IMPORTS


    Imports of sensitive items rise 25 pc
    IMPORT of 300 sensitive items being monitored by the "war room'' set up in the wake of removal of import curbs has shown an alarming growth of 25 per cent during the first four months of the current fiscal. An official release said the total ... More

    MoST okays land for Kochi SEZ
    THE Union Ministry of Surface Transport (MoST) has given its nod for releasing 600 hectares of land held by the Cochin Port Trust (CoPT) for setting up the proposed Special Economic Zone (SEZ) in Kochi. This was announced by the ... More

    NATURAL CALAMITIES


    AP drought situation alarming: Minister
    THE drought situation in Andhra Pradesh is getting worse by the day and the Government has almost given up hope of any improvement in the kharif season, as the south-west monsoon even in the retreat phase (September-October) is not yielding any ... More

    TOURISM


    Tourism will be engine of growth, says Antony
    TOURISM in Kerala has been recognised as a core competency sector on account of its potential for generating income and creating employment opportunities, according to Mr A.K. Antony, Chief Minister. Speaking at the 51st annual convention of ... More

    Delhi to hold global travel, tourism mart
    THE fourth international travel and tourism mart, which has attracted participation from about 400 buyers and sellers from around the globe, is scheduled to open in the Capital on September 27. In a statement, the Department of Tourism has said ... More


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    Top Stories
    e-Commodities to start mock trading in sugar from October


    How China is racing ahead in industry

    A knee-jerk reaction, says CII chief

    `Surplus' in banks even after VRS — SBI may come out with exit option

    Make e-governance citizen centric, says Rangarajan

    Cement, steel power core sector growth in April-Aug

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 8-Sep. 14
    Cement majors flout jute order

    Why disinvestments must go on

    As China booms and preys, Hong Kong rues lost business

    Corporate tax collections up 45%

    Implications of 100 pc FDI in oil sector

    Industrial growth 6.4 pc in July — CSO data point to revival trend

    Productivity-linked reward scheme — Port, dock workers to press for flat 20 pc payment

    Textile, plantation sectors drag export growth — Modest growth in gem, jewellery, petro goods

    Insulin prices hiked; TB drugs to cost less


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