Financial Daily from THE HINDU group of publications
Wednesday, October 19, 2005
Markets (October 18)
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US Dollar (Buy/Sell)45.14/45.28
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


South likely to have more wet spell
MONDAY'S upper air cyclonic circulation over south-central Bay of Bengal has now shifted a little to the south-west, with prospects of getting further organised even as it tracked a north-westerly course. This is tipped to bring fairly ... More

NON-CONVENTIONAL ENERGY


COMMODITY COMMENTARY
Bio-diesel card being overplayed a little; cautious monitoring of market needed
FIRM crude prices and no prospects of a major downward correction anytime soon have forced all major economies to examine cheaper alternatives, including bio-ethanol and bio-diesel. Demand for bio-diesel translates into a diversion of a part of ... More

ECONOMY


H1 exports up 20 pc; trade deficit widens
THE foreign trade scenario of the country in the first half reflects a mixed bag even as exports continued to show buoyancy. While merchandise exports grew by 20.47 per cent in the first six months of the current fiscal to $43.20 billion ($35.86 ... More

The dilemma of inflation-interest
If overall economic activity remains unaffected by rising oil, there is a significant probability of the inflation moving up. More

D&B index predicts optimistic outlook for Q4
THE Indian chapter of Dun & Bradstreet has announced its composite Business Optimism Index, a measure of business confidence for the future, for India during October-December 2005. The D&B business expectation survey for the period was ... More

States hard-pressed on debt front
While some States found the extant debt ceiling adequate for financing their Plans, some view it deficient. More

ENVIRONMENT


Land eight times the size of Nariman Point
MONEY buys land, and wives are sold by fate, wrote the Bard in Merry Wives of Windsor. But it looks like the fate of land sales is bleak considering how NTC's plans have crash-landed. The day's hot topic, therefore, is about the `cooling ... More

3 cheers for 2 articles
AT THE Bombay High Court, while arguing for Environmental Action Group, Mr I. M. Chagla clarified that he was not seeking a freeze on all development in the mill land. What he prayed for was an intervention by the court "to ensure that the ... More

The cloud of environment clearance
ONE OF the objections raised by Mr I. M. Chagla, while arguing against the thirty-plus parties before the Bombay High Court was that none of the respondents who have started construction of residential/commercial premises have obtained the ... More

SIMPLY
Mumbai's happiness and hardship index
INDIA is home to the fourth happiest group of people in the world. Only the Australians, the Americans and the Egyptians are happier than us. If this was the finding of a survey by market research company Gfk NOP published some days back, a ... More

Nuggets of judicial wisdom
"The most vital `community need' at present is the reversal of the environmental degradation. There are virtually no `lung spaces' in the city. The Master Plan indicates that about 34 per cent of recreational areas have been lost to other uses," note d the Supreme Court in a 1996 case. More

HEALTH


Cipla to talk to Roche on avian-flu drug
AS the fear of bird-flu spreads to more countries, Mumbai-based drug maker Cipla has said that it would talk to Roche regarding its anti-flu drug Tamiflu. The Swiss-drug maker's anti-influenza drug Tamiflu has been in the spotlight as ... More

Air ambulance services — Escorts Heart Institute in pact with Deccan Aviation
ESCORTS Heart Institute and Research Centre (EHIRC) has tied up with Deccan Aviation to launch air ambulance services, called Air Rescue One in the country. Announcing this initiative, Dr Naresh Trehan, Executive Director, EHIRC, said, "We feel ... More

INFRASTRUCTURE


Bridge & Roof in talks for jt venture projects
BRIDGE & Roof Co (I) Ltd, a wholly-owned subsidiary of Bharat Yantra Nigam Ltd, a Central public sector unit, may join hands with other companies to bid in big infrastructure projects. According to Mr Mukesh Jha, Director (Finance), the company . More

PETROLEUM


Overseas exploration projects — IOC, OIL seek more powers
RIDING high after winning a block in Libya, the Oil India-Indian Oil Corporation combine has stepped up its demand for empowering the boards of the two companies with more financial powers for exploration abroad. A senior IOC official said that ... More

Reliance's Hazira unit bags US award
RELIANCE Industries Ltd's (RIL) - Hazira manufacturing division, has won the 2005 ASTD BEST Award from the American Society for Training & Development (ASTD), a Virginia, US-based association dedicated to workplace learning and performance ... More

PHARMACEUTICALS


Domestic companies fuelling growth in insulin segment
If the last two years saw new Indian players such as Wockhardt, Biocon and Shreya Biotech storm the multinational-dominated anti-diabetes bastion, the present sees local companies fuelling growth in this market. About half a dozen companies ... More

BREWERIES


`Rationalising duty rates for alcohol sector must have scientific basis'
THE Ministry of Food Processing Industry today asked the All-India Distillers' Association (AIDA), a representative body of distillers' at national level, to work out an economic and scientific basis in support of their demands for any changes in ... More

EDUCATION


ICFAI, Cyberabad Police in academic partnership
THE ICFAI University Press and Cyberabad Police have signed a memorandum of understanding (MoU) here on Tuesday for academic partnership. The MoU seeks to transform Cyberabad Police into a people-friendly, citizen-centric and responsive police ... More

New pvt banks lag behind in granting education loans in Kerala
NEW private sector banks in Kerala have been taking it rather easy when it comes to the question of granting education loans to eligible students in the State. This was despite a special meeting of banks convened by the Chief Minister, Mr ... More

CARS


Mid-size sedans in the fast lane
THE mid-size sedan segment, poised to be the biggest volume driver in the domestic market, is set to witness a flurry of activity in the coming months. Overall, the mid-size segment grew 11 per cent in the first six months of the fiscal to ... More

REAL ESTATE & CONSTRUCTION


TTD acquires part of Karnataka Govt land at Tirumala
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, on Tuesday agreed to the proposal of Tirumala Tirupati Devasthanams (TTD) to take over 1.7 acres of land in Tirumala currently under the possession of Karnataka Government with its ... More

We are no more the owners, says NTC Chairman
FOR the sick textile monolith National Textile Corporation (NTC), which was striving hard to sell its surplus lands held under its closed textile units in Mumbai for the last 5-years or so, it has been rough road all the way. The sale of five ... More

Indiabulls to appeal against HC order
INDIABULLS Properties Private Ltd will file an appeal in the Supreme Court against the Bombay High Court order of October 17, which set aside the sale of land owned by the National Textile Corporation (NTC) mills in Mumbai. NTC had sold five ... More

NTC may appeal to SC, says Textiles Secy
NATIONAL Textile Corporation (NTC) will prefer an appeal in the Supreme Court against the Bombay High Court order setting aside the sale of land by the five NTC textile mills in Mumbai, according to Mr R. Poornalingam, Secretary, Ministry of ... More

INDUSTRY ASSOCIATIONS


Cochin Chamber conducts workshop on manufacturing
KOCHI: The Cochin Chamber of Commerce and Industry is organising a half-day workshop on Thursday at Casino Hotel, Willingdon Island to deliberate in-depth the draft report of the National Manufacturing Competitiveness Council on the ... More

RURAL DEVELOPMENT


PM wants Nabard to part-fund Bharat Nirman
THE Prime Minister, Dr Manmohan Singh, has asked the Finance Ministry to direct the National Bank for Agriculture and Rural Development (Nabard) to create a separate financing window to bridge the funding gap in the rural roads and irrigation ... More

Rahul Gandhi studies development projects in Dakshina Kannada
MR Rahul Gandhi, Congress MP, is on a private visit to Karnataka to study the rural development model of the Sri Kshetra Dharmasthala Rural Development Project (SKDRDP) at various places in Dakshina Kannada district on Tuesday. According to ... More

EXPORTS & IMPORTS


Exporters submit Rs 10-cr proposal to Govt for promoting cashew nut
THE Cashew Export Promotion Council of India (CEPC) has submitted a Rs 10-crore project proposal to the Union Government to study the nutritional values of cashew nut. Addressing newspersons here on Monday to announce the golden jubilee plans ... More

NATURAL CALAMITIES


Spate of natural calamities turns worrisome — Insurers to scale up CAT cover
MOUNTING losses due to natural disasters appear to be forcing insurers to scamper for cover. The series of natural calamities that rocked the country during the year has not just the insurable public worried, but also insurance companies which ... More

AP Govt urged to take steps to prevent flooding at Vizag airport
VISAKHA Air Travellers' Association here has appealed to the State Government to initiate steps immediately for "safeguarding the airport area from inundation whenever there are heavy rains or cyclones." This step, the association pointed out, ... More




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Top Stories
H1 exports up 20 pc; trade deficit widens


Bio-diesel card being overplayed a little; cautious monitoring of market needed

South likely to have more wet spell

D&B index predicts optimistic outlook for Q4

Domestic companies fuelling growth in insulin segment

Mid-size sedans in the fast lane

Spate of natural calamities turns worrisome — Insurers to scale up CAT cover

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Oct. 9-Oct. 15
Bharat Diamond Bourse to be operational by June

Kraft paper price hike hits packaging industry

World Gold Council bullish on festival sales

`TDSAT must consider alternative methods of dispute resolution'

Shippers ride the US wave

Now, US grapes luring South Indian markets

`Low' over Bay strengthening

Gold jewellery exports likely to touch $5 b

`Entry level salaries for grads sharply up'

Advantages of duty sops, lower lead-time for exports — Textile cos begin to set up units abroad

Delay in announcing pepper export subsidy upsets growers, trade

Steady fall in manmade textile exports

`Farmer households spend 55 pc on food'

Industrial growth dips in Aug on slowdown in mining sector

China's growth projection to boost commodities

38 pc consider multiple brands before vehicle purchase: J.D. Power

Demand makes paint sector buck input costs pressure

Low tax-GDP ratio daunts India's quest to join developed world

World GDP growth hinges on India, China

Readymade exports grow 16.12 per cent in April-July

Hindi mass entertainment TV channels losing share — More takers for niche genres

Govt to float bonds to fund small hydel power projects

Car sales rise 10 pc in Sept; CVs up 14.3 pc

Absorption of ITS officers into MTNL, BSNL — SC dismisses DoT plea to vacate stay orders on contingency plan


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