The Hindu Business Line : Wednesday, May 21, 2003

Rain, rain come along!
With the southwest monsoon poised to hit the State within a fortnight, a shop in Broadway, Kochi, displays umbrellas of various hues on Tuesday. Tough competition has prompted manufacturers to come up with different models and eye-catching ... More

NON-CONVENTIONAL ENERGY

Sago units urge banks to fund bio fuel-based captive plants
COMMERCIAL banks should come forward to fund bio fuel-based captive power plants, which are crucial to modernising sago-manufacturing units in the Salem and Namakkal belts, according to Mr S.R. Rajan, Vice-Chairman, The Sagoserve (The Salem Sago ... More

AWARDS & HONOURS

Award for PSG-STEP
THE PSG Science and Technology Entrepreneurial Park (PSG-STEP) has bagged the Best Science and Technology Park award for the year 2002. The Department of Science and Technology had rated the five-year-old PSG-STEP as the best science and ... More

ECONOMY

`India will continue to be a borrowing country'
INDIA will continue to be a borrowing country from the World Bank despite the round of prepayments that were done recently. Briefing reporters here on Tuesday, Dr Nicholas Stern, Chief Economist and Senior Vice-President of the World Bank, ... More

Kerala Minister seeks rise in treasury deposits
THERE has to be an increase in public deposits in the State's treasury if economic development is to happen, said the Kerala Finance Minister Mr K. Sankaranarayanan. He made this observation while speaking at the inauguration of a new ... More

W. Asian crisis hits business confidence
The percentage of firms expecting overall economic conditions to improve in the next six months had gone up in the East and the North but had gone down in the West and the South, NCAER said. More

FOREIGN TRADE

`Trade can bring India, Bangladesh closer'
THE Minister of Finance and Planning of Bangladesh, Mr M. Saifur Rahman, today expressed the hope that trade, commerce and investments could bring India and Bangladesh closer. Addressing captains of industry, Mr Rahman said that trade and ... More

HEALTH

Biocon to start clinical trials for diabetic drug
BIOCON India Ltd, the Bangalore-based pharma-biotech company, is planning to try out application of mycophenolate mofetil popularly known as CellCept, an immunosuppressive drug, to treat diabetic nephropathy, a stage wherein diabetic patients end ... More

POWER

Rabo India scouts for energy fund investors
THE non-banking finance company Rabo India Finance and BTS, a Swiss Government-affiliated entity, is setting up a $30-million private equity fund dedicated to renewable energy projects in the country. The company is in the process of scouting ... More

TEXTILES

To achieve export target of $50 b — Special economic zone sought for textile sector
AN official committee has plumped for special economic zones exclusively for the textile industry besides encouraging foreign direct investment (FDI) through non-resident Indians (NRIs) by liberal and conducive Government policies if the ... More

WATER

Water level declines in Kerala

RADIO/TV

Norms on pricing pay channels likely
IN order to ensure that broadcasters do not indulge in unfair pricing of channels, the Information and Broadcasting (I&B) Ministry is planning to come up with guidelines whereby broadcasting companies will not be permitted to price the pay ... More

EDUCATION

AP govt warns private colleges on fee collection
THE Government on Tuesday warned the private unaided colleges of stern action, which may include cancellation of recognition, if they collect fee over and above the prescribed fee. In a press release here, Mr Manmohan Singh, Commissioner and ... More

Good show by CSE students

WASHING MACHINES

`Depressing times for washing machines'
IS the washing machine segment of the consumer durables industry loosing its fizz? This major sub-segment of the durables industry has been experiencing depressed market conditions for the last three years. "There was a time when almost all the ... More

MEDICAL INSTITUTIONS & HOSPITALS

Djibouti keen on tie-up with Escorts heart institute
ESCORTS Heart Institute and Research Centre (EHIRC) on Tuesday said that it has been invited by the East African State of Djibouti to help set up one such unit in that country. After visiting the Escorts facility today, the President of ... More

REAL ESTATE & CONSTRUCTION

Free-hold land: Delhi may reap Rs 500 cr
THE decision to allow lease-hold land to be converted to free-hold property in Delhi could add over Rs 500 crore to the State Government's kitty and make buying or selling property in the Capital simple and more transparent. On the flip side, the ... More

`Service apartments' concept gaining ground in Bangalore
THE IT boom and the consequent globalisation have spawned many new lifestyle trends. The city is now witnessing the growth of a new concept in the hospitality sector — the `service apartment'. Currently six options are available in the ... More

READYMADE GARMENTS

Print ads score over TV for womenswear
TELEVISION advertising may be the FMCG industry's hot favourite, but when it comes to the ready-to-wear industry, the scales are tipped in favour of print advertising. Topline findings of a research study by Images magazine, covering a ... More

KNITWEAR & HOSIERY

Tirupur hosiery workers' strike from today
NEARLY two lakh workers employed in the hosiery industry in Tirupur have threatened to go on strike for two days from tomorrow to press their demand for revision of wages pending since February even as management and trade union representatives ... More

SCIENCE & TECHNOLOGY

IICT planning to make compact 5 KW cells
HAVING demonstrated the feasibility of a 5-KW fuel cell, the Hyderabad-based Indian Institute of Chemical Technology (IICT) is now planning to fabricate compact units of these fuel cells and target them for varied applications. IICT and SPIC, ... More

DISINVESTMENT

Jessop stake sale: Status quo on plea against stay order
A DIVISION Bench of the Calcutta High Court comprising the Chief Justice, Mr A.K. Mathur, and Mr Justice J.K. Biswas, today passed an order of status quo in respect of appeals respectively filed by the Jessop & Co. Employees' Union, Bharat ... More

FOREIGN DIRECT INVESTMENT

Deutsche Asia among FDI plans cleared
DEUTSCHE Asia Pacific Holdings Pte Ltd's proposal to set up a subsidiary company for stock broking activities in India with 74 per cent foreign equity involving foreign direct investment (FDI) worth Rs 24 crore was among the FDI proposals cleared ... More

WTO

`Third World should not be coerced in WTO talks'
INDIA has made it clear that it was against any curtailment of policy space on the issue of investment in the context of World Trade Organisation (WTO) negotiations. "Developing countries (like India) should not be coerced or feel compelled to ... More

TRADE & LABOUR UNIONS

General strike likely to hit production — Independent trade unions join in
The State Government-run transport services and the Tamil Nadu Electricity Board will be partly affected with the CITU workers taking part in the strike. More

INTERVIEW

`Multilateral pact may restrict policy autonomy in investment areas'
DEVELOPING countries are now gripped by substantial amount of uncertainty as to what a multilateral investment agreement would do, to what extent it would help to increase investment flows and to what extent it would help to protect them in terms ... More

EVENTS

Hyderabad Engagements

ENTERTAINMENT & LEISURE

Broadcasters file FIRs against INCableNet
THE major broadcasters, Star, Sony, Zee-Turner and ESPN-Star Sports, have filed First Information Reports (FIRs) against multi-system operator (MSO), INCableNet, for stealing signals in violation of the Copyright Act. The FIRs, which were filed ... More

TOURISM

Y's Men International convention in Kerala

ECONOMIC OFFENCES

Check that vanishing act!
Here's more on security, but in the financial world. Money laundering can be tackled, at least in some measure, thanks to technology. More

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