THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, September 10, 2001

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Waiting in the wings
A wave of new companies, both videshi and swadeshi, are sweeping the shores of Corporate India and these companies are painting the cities red with their high-stakes high-visibility game.

Airlines
New cabin crew course from Frankfinn
THE Delhi-based Frankfinn Management Consultants, a unit of Frankfinn Aviation Services (P) Ltd, has announced the launch of its `Basic Cabin Crew Training' course in eastern India and select countries in the region with Kolkata as the hub.

Chemicals
Dumping duty on sodium ferrocyanide to continue
THE Finance Ministry has decided to continue with the imposition of an anti-dumping duty on imports of sodium ferrocyanide from China.

Economy
`No sign of credit crunch in global capital markets'
THE Bank for International Settlements (BIS) has said that despite the gloom in global equity markets, there has been little sign of a credit crunch in the international capital markets in the recent months.

Foreign Trade
Trade team for C. Europe
THE Federation of Indian Export Organisations (FIEO) is sponsoring a 16-member multi-product business delegation to countries in Central Europe, including Poland, Czech Republic, Hungary and Bosnia from September 9 to 21.

PSU
PSU separation scheme to get alluring look -- 4th category to lessen closure trauma
THE Government is set to modify the existing voluntary retirement scheme (VRS) in force in public sector units by incorporating an enhanced compensation criterion for employees in sick units that have been kept out of PSU wage revision exercise in 1992 a nd 1997.

Policy
Anti-money laundering law -- Panel urges Russia to tone up execution
THE Financial Action Task Force (FATF) has announced the results of its discussion on `non-cooperative' jurisdictions since the publication of its second report on non-cooperative countries and territories (NCCTs) in June 2001 in its ongoing bid to ensur e due enactment of anti-money laundering legislation.

Power


No lifting of power from Dabhol till rebate issue is solved: MSEB
THE Maharashtra State Electricity Board has ruled out the possibility of lifting power from Dabhol Power Company's (DPC) phase-I, until the Rs 706-crore rebate issue is settled.

Shipping
Vessel-related charges at Kolkata Dock halved
THE Tariff Authority for Major Ports (TAMP) has granted a 50 per cent cut in the new vessel-related charges at Kolkata Dock which came into force from April 4 this year.

States
Siva Reddy Endowment annual awards
HYDERABAD: Dr K. Anji Reddy, Founder-Chairman of Dr. Reddy's group of companies, has been chosen for the annual award of Padmabhushan Dr P. Siva Reddy Endowment for his services as an eminent medical man-cum-scientist.

`Centre willing to consider more funds'
MANGALORE: The `food-for-work' scheme has not yet taken off in the State because the State Government has not kept its part of the commitment, according to the Union Minister of State for Textiles, Mr V. Dhananjaya Kumar.

Steel
SAIL set to hive off 3 captive plants
THE Steel Authority of India (SAIL) is giving final shape to the points in the deals for hiving off its remaining three captive power plants at Bhilai and Bokaro to the National Thermal Power Corporation (NTPC) and Damodar Valley Corporation (DVC), respe ctively. The Bhilai power plant will be taken over by NTPC while the two plants at Bokaro will go to DVC.

Stocks
Tax saving schemes may revive equity funds
EQUITY-linked savings schemes, the `tax-planners' in mutual fund parlance, are expected to provide this year's only silver lining in the otherwise dark clouds looming over mobilisation figures for equity funds.

Technology
And now, shortage of transponders?
IS the country's booming satellite-based telecom, IT and broadcasting sectors heading for a transponder crunch?

Fleshing, sludge no more a waste -- TN plant to tap methane for use as fuel
WHAT do you do with the fleshing waste from tanneries and primary sludge from the common effluent treatment plant (CETP)? Digest it.

Telecommunications
Tata Tele, Hughes wedding delayed
THE first mega merger-to-be in basic telecom services between Tata Teleservices Ltd and Hughes Tele.com, announced early last month, appears to be facing a rough weather.


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