Financial Daily
from THE HINDU group of publications

Monday, October 22, 2001






Mahindra forays into farm consultancy
THE tractor and utility vehicle manufacturer, Mahindra & Mahindra Ltd, has entered farm consultancy and equipment rental services through a subsidiary Mahindra ShubLabh Services Ltd (MSSL).

Carryover stocks cover castor crop fall
HUGE carryover stocks of castorseed have come to the aid of the castor oil industry, facing a decline in castorseed crop this season on account of low remunerative prices.

Nod to begin cotton futures
THE Union Government has permitted the Surendranagar Cotton, Oil and Oilseeds Association Ltd. to start futures trading in raw cotton this week.

Silk exporters want DEPB order clarified
THE Indian Silk Export Promotion Council (ISEPC) has urged the Revenue Department to issue a clarificatory circular stating that the DEPB credit given against exports of embroidered silk fabrics from the inception of the DEPB scheme up to November 6, 200 0 are very much in order.

Food & Dairy Products
How effective are co-ops in raising milk production?
CAN one attribute the emergence of India as the world's biggest milk producer to the role played by dairy co-operatives, more specifically the Operation Flood programme? On the face of it, there is reason to believe so, considering that till the start of the programme implemented by the National Dairy Development Board (NDDB) in the early 1970s, the country's annual milk output hovered around 17-22 million tonnes (mt) for over two decades.

Conscofe Invest to merged with Tata Coffee
THE Karnataka-based Tata Coffee Ltd, earlier known as Consolidated Coffee Ltd, will soon merge its wholly-owned investment and trading subsidiary company, Conscofe Investments Ltd, with itself.

Rubber dealers call off strike
THE Indian Rubber Dealers' Federation has called off their strike on the 8th day of its commencement, following discussions with the Kerala Minister, Mr K.M. Mani.

Mixed trend at Kochi tea sale
A MIXED trend persisted for almost all varieties of tea at the Kochi tea auction. Though the leaf sale witnessed a good general demand, it was comparatively low for the dust varieties.

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