Financial Daily from THE HINDU group of publications
Thursday, March 09, 2006
Markets (March 8)
BSE Sensex10508.85(-216.82)
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US Dollar (Buy/Sell)44.50 (+0.15)


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INDUSTRY & ECONOMY

CLIMATE & WEATHER


La Nina indicators neutral: Forecast
The Australian Bureau of Meteorology (BoM) has assessed that key El Nino-Southern Oscillation (ENSO) indicators in the equatorial Pacific region have lately tended to remain mixed, with some suggesting neutral conditions and others typical of a ... More

NRIS


Geojit to set up broking firm in Saudi
Geojit Financial Services Ltd, a leading retail stock and commodity brokerage, is setting up a joint venture broking company in Saudi Arabia. The joint venture company will have tie-ups with local partners, subject to all necessary regulatory ... More

BUDGET


Service tax on ATM not to hit users
The Finance Ministry has clarified that the levy of service tax on automated teller machine (ATM) operations, maintenance or management would not result in any additional service tax liability for users of ATMs. The Budget 2006-07 had brought ... More

Budget meet in Mangalore
The Mangalore Branch of the Institute of Chartered Accountants of India (ICAI) will conduct a lecture on `Union Budget 2006-07' in Mangalore on March 11. A press release by the institute said here on ... More

BL Club Budget talk in Chennai
On Friday evening, over 800 management students of various city business schools, which are members of the BL Club, will gather at the Ethiraj College Auditorium, Egmore, to take part in a debate on the recent Budget. To dissect the Budget and ... More

`Bland budget with very little for the poor'
Concern over mounting debt, high oil prices and lack of fiscal prudence More

COURTS/LEGAL ISSUES


Kerala Cabinet for 2-day Assembly session
Dam Safety Act to be amended More

ENVIRONMENT


Coir Board to host IECA Indian chapter
The Coir Board will host the Indian chapter of the International Erosion Control Association (IECA) with its headquarters in Kochi, with the involvement of coir geo-textiles manufacturers, exporters, scientists, civil engineers, consultants and ... More

FOREIGN TRADE


`Australia offers great scope for India in services'
Developed countries, including Australia, that contend with an aging population offer significant opportunities for India in the services industry, according to the Prime Minister of Australia, Mr John Howard. Addressing a luncheon meeting ... More

India, Chile ink trade pact
Substantial growth in two-way trade envisaged More

Trade with US: India likely to overtake China
Can India beat with China in its trade volumes with the US? Perhaps yes, says Mr R Christian M Bartley, Executive Director of World Trade Centre of the US. The key differentiators were quality and respect for intellectual property rights, he ... More

India, Uzbekistan sign protocol for cooperation
The two sides agree to constitute a Joint Working Group on hydrocarbons More

Indo-GCC meet to focus on tourism, industry
Tourism, industry and commerce would be the special focus areas of the second Gulf Cooperation Council - India Industrial Conference, said Mr Hilal Bin Hammed Al Hasani, Director General of Industries, Ministry of Commerce, Sultanate of Oman on ... More

HEALTH


World Kidney Day today
World Kidney Day will be observed in Kottayam on Thursday with a public awareness programme, interaction with patients and discussions under the auspices of the Nephrology Department of the Kottayam ... More

PETROLEUM


No plans to make OVL independent: Ministry
ONGC loans cheaper than raising money from market More

Govt issues special bonds for oil marketing cos
Second tranche by March 15 More

PHARMACEUTICALS


Now, gifts, bumper prizes from pharma chain!
Gifts, bumper prizes and more — retailers do it all the time to lure you and push sales. This incentive-linked promotion comes from an unlikely quarter, a pharmacy chain. Trust Chemists & Druggists Ltd on Wednesday announced a ... More

POWER


AP Genco, IL&FS sign up for two mega power projects
The AP Genco and Infrastructure Leasing and Financial Services Ltd (IL&FS) on Wednesday signed up for project facilitation services to develop two mega power projects in Andhra Pradesh. The State has proposed a 2100-MW gas-based combined cycle .. More

Centre relaxes clearance norms to speed up power projects
In a bid to expedite the execution of power sector projects, especially hydro-electric projects, the Centre has taken a slew of measures including dispensing with the requirement of obtaining approvals from the Planning Commission and the ... More

Indo-US N-deal indicates changing global equations
With the Asian region assuming strategic importance both politically and economically, it was in the interest of the US to align with India, said Mr K. Subramanyam, Chairman, Task Force on Global Strategic Developments, on the recent signing of ... More

BREWERIES


Wine on a high
Local entrepreneurs and foreign firms all want a slice of action in the Indian wine market. More

RADIO/TV


Taking refuge in cricket
SaharaOne hopes its telecast of the India-England cricket series will help build viewership for its regular programmes, but observers have their reservations. More

EDUCATION


DY Patil group to open intl school in Pune
To offer Cambridge, Intl Baccalaureate programmes More

Oxford needs more students
The world's most revered learning centre needs more Indians. The Oxford University Chancellor, Lord Chris Patten, who's currently touring the country, feels Oxford does not attract enough Indians. ... More

MEDICAL INSTITUTIONS & HOSPITALS


Wockhardt's super speciality hospital in Bangalore
Wockhardt Hospitals Group on Wednesday said it would unveil its 400-bed super speciality hospital in Bangalore in May. An exclusive women's health facility will be one of the four cluster hospitals to be started here. The Rs 150-crore ... More

REAL ESTATE & CONSTRUCTION


Property expo in Hyderabad
NRS Forums and Exhibitions, a city-based expo company, will hold a three-day property, building material, health and fitness expo beginning April 14. "Hyderabad Mania-2006 will be very useful to ... More

SC ruling boost to NTC revamp plans: CMD
The Supreme Court upholding the legality of the National Textile Corporation's (NTC) surplus land sale has finally cleared the decks for the corporation's future land sales as well as its mill revamp programmes which rests entirely on the sale of ... More

Rajeswari Foundations firm on township project
More

DS Kulkarni Developers plans rights
To part finance its nine large residential projects, real estate company DS Kulkarni Developers Ltd (DSKDL) is entering the capital market with a rights issue and a follow-on public issue. The follow-on public issue is likely by the last week of ... More

READYMADE GARMENTS


`Quota abolition yet to benefit garment sector'
`India facing challenge from Bangladesh' More

CERAMICS


Tile industry irked by duty structure
Though the customs duty on raw materials for the tile industry has been rationalised in the Union Budget 2006-07, the Finance Minister has failed to correct the anomaly of inverted duty structure that exists, say tile manufacturers. The ... More

MINERALS


Iron ore movement to Paradip hit
Orissa Govt imposes restriction on truck traffic from Barbil More

GENDER


HDFC Bank eyes 50 pc rise in cards
Launches 2 cards exclusively for women More

IIMB programme for women
The Indian Institute of Management, Bangalore (IIMB) is conducting a four-week management programme for women entrepreneurs from April 18 to May 31. The programme, conducted jointly with the N.S. ... More

Indian women more focused in career: Study
In the US, women are more interested in balancing personal life & career More

Proud moment
HAPPY OCCASION: Ms Nayantara Paul Chowdhury, the first woman President of the Bengal National Chamber of Commerce and Industry (BNCCI) at the meeting on the International Women's Day, organised by the ladies wing of the BNCCI in Kolkata on ... More

Grooming women as tourist guides
Marking International Women's Day, Indiatourism has announced an exclusive scheme for women that seeks to make them quality guides. After completion of the scheme, the women would get the `certified guide' tag that would give them licence to be ... More

SOCIAL WELFARE


HelpAge plans SHGs for elderly
HelpAge India, a leading social service NGO working for senior citizens, has decided to scale up the initiative they started in Tamil Nadu and start self-help groups (SHGs) exclusively for senior citizens across the country. These clusters of ... More

INCOME TAX


`Computerisation of I-T dept by year-end'
The income-tax department hopes to complete its ongoing computerisation programme by this year-end, said Ms M.H. Kherawala, Chairperson, Central Board of Direct Taxes (CBDT). The massive computerisation programme is mainly aimed at improving ... More

TOURISM


Britain steps up efforts to woo Indian tourists
Expects seven-lakh visitors this year More



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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Online banking usage picking up


High cost of actuaries worries IRDA

Guessing game on wheat production prospects

La Nina indicators neutral: Forecast

Service tax on ATM not to hit users

Trade with US: India likely to overtake China

No plans to make OVL independent: Ministry

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Feb. 26-Mar. 4
Poultry industry loss put at Rs 5,000 cr

Gas supply issue: Meet today to resolve deadlock
Chiefs of Panna-Mukta venture partners, GAIL to participate


Interest rates may firm up: Survey
`Forex reserves accretion slowing, credit offtake keeps rising'


Fertiliser subsidy to exceed Budget estimates
Total subsidy may cross Rs 24,000 crore


Core sector growth slows to 3.3% in Jan

Will Budget bring relief to cancer, AIDS patients?

Bank deposits to get 80C deduction — Recapitalisation bonds to be converted into tradable securities

MFs keen to tap global opportunity

No bad news on income taxes

Big bonanza for the small car

A touch more than a stitch in time

Wiring up the nation

IT industry divided over impact of excise duty — Desktop, notebooks may turn costlier

Domestic airlines get tax exemption for 1 more year

Shipping management services expensive

Equity fund redefined

Pre-monsoon activity seen setting in early

Cement sector says nothing concrete

Australia hails easing of mining norms

Pepper exports to US decline

Budget doubles excise duty on sugar

Hallmarked jewellery a safer bet, says RBI

Ban likely on alcohol, tobacco additives in food products

Frontline gets more contemporary look

Cement majors post increase in sales

National Load Dispatch Centre planned at Delhi, Kolkata

Steel cos parking cash with banks

Global market's weakness hits oilmeals price



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