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Saturday, June 11, 2005
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INDUSTRY & ECONOMY

AUTOMOBILES


Car sales up 13 pc in May; 2-wheelers increase 22 pc
MAY brought better news for the domestic automobile industry with passenger car sales regaining momentum and the commercial vehicles segment witnessing a marginal growth after a dip in sales the previous month. According to data released by the ... More

ECONOMY


Fruits, vegetables pull inflation to 2-month low
THE annual wholesale price index-based inflation fell to 5.2 per cent in the week ended May 28, from the previous week's 5.38 per cent. The dip in the year-on-year inflation was mainly on account of last year's high base, combined with a fall ... More

Industrial growth marginally down to 8.8 pc in April
DESPITE a strong double-digit growth in the manufacturing sector, the growth in Index of Industrial Production (IIP) dipped marginally during April 2005 to 8.8 per cent, compared to 8.9 per cent in the same month last year. A slowdown in the ... More

Govt committed to growth of capital goods industry
THE Government said today that it has taken note of the various obstacles in the way of faster growth of the capital goods industry and assured industry representatives that it was committed to take various initiatives to address the difficulties ... More

Tata group wants to invest heavily in Karnataka: Ratan
THE Tata group Chairman, Mr Ratan Tata, said on Friday that it will take another three years before the Rs 1-lakh car hits the road. Mr Tata was here to meet the Karnataka Chief Minister, Mr Dharam Singh, to discuss the group's investment plans ... More

ENVIRONMENT


Now, palm oil under attack on ecology grounds
IS a new `hate campaign' against palm oil being unleashed? The signs are unmistakable. The anti-palm oil campaign of the mid-1980s that was widely believed to have been mounted by the American soyabean lobby may be now be returning in a new ... More

FOREIGN TRADE


Australia to enhance bilateral trade
THE Australian Foreign Minister, Mr Alexander Downer, on Thursday told a Federation of Indian Chambers of Commerce and Industry (FICCI) delegation that Australia had initiated concrete measures to ensure that the volume of bilateral trade with ... More

Kinfra signs MoU with Dominican Republic
KERALA Industrial Infrastructure Development Corporation (Kinfra) and the Dominican Republic have signed a memorandum of understanding to explore possibilities for collaboration in areas such as infotainment, electronics and food processing. ... More

FTA talks with Lanka to conclude by year-end
INDIA and Sri Lanka are moving towards closer integration under the proposed Indo-Sri Lanka Free Trade Agreement (ISLFTA) and the Comprehensive Economic Partnership Agreement (CEPA) process, with negotiations on the pacts expected to be concluded ... More

HEALTH


NIMS pact on stem cell research
HYDERABAD: The Nizam's Institute of Medical Sciences (NIMS) has entered into an agreement with the Centre for Cellular and Molecular Biology (CCMB) to conduct research on stem cell technologies and regenerative medicine. Prof D. Prasada ... More

PETROCHEMICALS


National policy on petrochemicals soon: Secretary
THE Government is proposing various measures to enhance the competitiveness of the petrochemical and plastic processing industry through the National Policy on Petrochemicals, said Mr Pratyush Sinha, Secretary, Department of Chemicals and ... More

PHARMACEUTICALS


Innovator co delists patents — Merck move to deprive Ranbaxy, Ivax of exclusivity
PHARMACEUTICAL companies in the US are trying various strategies to ensure that no single competitor offering cheaper versions of drugs grabs a major share of their business. In the case of blockbuster medicines going off patent, instead of ... More

POWER


Power sector remains area of concern: Plan panel
IN spite of the importance given to the power sector in the 10th 5-year Plan (2002-07), the sector remains an area of "serious concern", hobbled by a host of adverse factors, according to the Planning Commission. According to a latest ... More

Power utilities plan to import 13.25 mt coal to meet shortage
POWER stations of utilities including NTPC, Damodar Valley Corporation (DVC), and Reliance Energy, and stations belonging to several of the State Electricity Boards would be importing over 13.25 million tonnes of coal this fiscal to tide over the ... More

TELK bags NPCIL orders
KOCHI: The State-owned Transformers and Electricals Kerala Ltd (TELK) has rolled out its largest generator transformer with a capacity of 400 KV on Thursday for installation at Kaiga and Rajasthan atomic project sites of Nuclear Power ... More

TAXATION


Kerala exempts more items from VAT
THE State Government has exempted more items from the purview of value-added tax (VAT) and also reduced tax on several other items. This follows continuous interaction between the Government and traders, as also in the light of suggestions made ... More

Non-VAT States hindering CST phase-out: Shome
THE presence of non-VAT implementing States in the Value Added Tax panel is hampering the drawing up the roadmap for the Central Sales Tax (CST) phase-out, Dr Parthasarathy Shome, Advisor to the Finance Minister, has said. "Their presence ... More

TEXTILES


Surat textile traders see rise in fraudulent deals
THE Federation of Surat Textile Traders' Association says textile producers in the city lost in excess of Rs 200 crore in 2004-05 due to cheating by customers. Nearly 100 cases of fraud were registered during the year, according to the ... More

SSI


330 SSI units get approval in Vizag
THE State Industries Department has given approval for 330 small-scale units involving an investment of Rs 57 crore during the current year, and most of them may be grounded soon, according to Mr L. Lakshman, the General Manager of the district ... More

RADIO/TV


Pune varsity begins regular FM radio transmission
BARRING a few technical glitches during its one-month trial transmission period, Vidyavani, the community FM radio started by the University of Pune, has begun its regular transmission of one-hour programme. Talking to Business Line, Dr ... More

EDUCATION


Hospitality institute at Marampally
KOCHI: The Kerala Hotel and Restaurant Association (KHRA) is setting up an Institute of Hospitality Management at Marambally near here. The Chief Minister, Mr Oommen Chandy, will lay the foundation stone of the institute on June 12, the ... More

REAL ESTATE & CONSTRUCTION


Signature apartments, more than mere living spaces
PENTHOUSES, duplexes, vastu and feng-shui- inspired apartments are passe with readily available housing finance now putting these within easy reach of home buyers. Pune's Panchshil developers have just unveiled what it says will be the ... More

READYMADE GARMENTS


International garment fair in Delhi
THE annual India International Garment Fair to be held from July 19-21 will have more than 325 garment exporters showcasing the best of their products ranging from trendy dresses, men's wear and children's wear to embellishments and ... More

Indian apparel exporters confident of meeting growing global demand
THE Apparel Export Promotion Council (AEPC) is quite confident about meeting the growing demand for Indian apparel in the post-quota regime, particularly from the US. Disclosing this at the two-day Integrated India Apparel Expo held in New York ... More

BIO-TECH & GENETICS


Biotech industry revenues cross $1 b; Biocon retains top spot
A survey, covering 280 biotech companies and 180 bio-suppliers, shows that over 75 per cent of the growth has come from the bio-pharma segment. More

HEALTHCARE PRODUCTS


Drug-coated stents need licence: Maharashtra FDA
THE use of illegal drug-coated stents on heart patients has forced the Maharashtra Food and Drugs Administration (FDA) to instruct manufacturers and importers to get a drug licence from the Drug Controller General of India before resuming sales ... More

EVENTS


e-group for electrical engineers launched
THE CII-Sohrabji Green Business Centre (CII-GBC) has launched an e-group for electrical engineers here on Friday. The group, formed during a two-day national seminar on Electrical Systems 2005, would help electrical engineers to disseminate ... More

ENTREPRENEURSHIP


FLO to promote entrepreneurship among women in S Asia
FEDERATION of Indian Chambers of Commerce and Industry Ladies Organisation (FLO) is working on forging relationship with similar organisations in Pakistan and other South Asian countries. The objective is to provide for an accelerated growth of ... More

EXPORTS & IMPORTS


`Focus on untapped potential in handicrafts exports'
THOUGH India has established a niche for itself in the software development space and in textiles to some extent, the export market potential for handicraft items and agro products is still untapped, observed Mr T.C. Venkat Subramanian, Chairman, ... More

TOURISM


NITHM to offer MBA courses in tourism
THE National Institute of Tourism and Hospitality Management (NITHM) has announced admission schedule for the two-year MBA and three-year BBA courses in tourism hospitality. Announcing the programme here on Friday, Mr C. Anjaneya Reddy, ... More

ECONOMIC OFFENCES


Insurers in a tizzy over `false' accident claims
RISING accident claims have put the four public sector general insurance companies in a tight spot, as they reportedly shell out more than Rs100 crore as accident claims per year in Tamil Nadu alone. Insurance company officials allege that in ... More

TRENDS


High net worth individuals in India up 14.6%: Study
THE number of high net worth individuals in India has been going up twice the global rate, according to a study by Merrill Lynch and Capgemini. In India, the number of high net worth individuals (HNWIs) has gone up by 14.6 per cent in 2004 to ... More


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Top Stories
Kotak Mahindra Bank buys Rs 1,000-cr stressed assets


High net worth individuals in India up 14.6%: Study

Kalpathis almost exit Scandent

Rising output puts palm oil under pressure

Car sales up 13 pc in May; 2-wheelers increase 22 pc

Power sector remains area of concern: Plan panel

Biotech industry revenues cross $1 b; Biocon retains top spot

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
May. 29-Jun. 4
Concessional import quota for edible oils, corn unchanged

CII against job quotas in pvt sector

NACO's figures on AIDS kick up storm

Tax on cash withdrawals takes effect

Household assets: Ownership pattern

CSIR body projects 34 pc deficit rainfall in June

ACC, Aditya Birla cos post higher cement shipments for May

J&J to bring in new line of treatment for blood cancer

Campco wins order to export arecanut to Pak

Mines Ministry against disinvestment of Nalco

Hatchet to come down on indirect tobacco advertising


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