Financial Daily from THE HINDU group of publications
Friday, April 26, 2002
Markets (April 25)
BL 2501134.04 (-14.43)
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Dollar (Buy/Sell)48.93/49.06
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


APERC order on higher wheeling charge suspended -- HC ruling a big jolt to power discoms
The power distribution companies had increased the wheeling charges by 50 paise per unit in the wake of the losses it suffered last fiscal on account of some major industries in the State purchasing power from independent power producers. More

HC orders possession of gensets at Dunlop Ambattur unit
MR Justice G.C. Gupta of the Calcutta High Court ordered that the court-appointed-receiver visit Dunlop factory at Ambattur, Chennai, to take possession of machinery lying at the factory with the help of local police authorities. The court ... More

ECONOMY


UN sees India's GDP at 5.7 pc in 2002
THE United Nations on Thursday forecast accelerated economic growth in the sub-region of South Asia, involving India, Pakistan and Sri Lanka in the latter half of this year. In its 2002 report on the Global Economic Outlook (GEO), prepared with ... More

`Kerala performing far below potential'
KERALA is a State tremendously underperforming relative to its high potential, according to Prof Jeffrey D. Sachs, Director, Centre for International Development, and Galen L. Stone Professor of International Trade at Harvard University. Prof ... More

ADB seeks regional help to tackle poverty issues
THE Asian Development Bank (ADB) on Thursday urged countries in Asia and the Pacific to work together to hasten development of the region, which is home to two-thirds of the world's poor living on less than one dollar a day. In its Annual ... More

Southern States unite: Sachs
IN Prof Jeffrey Sachs's opinion, Kerala should team up with other southern States to press the Centre to give more power to the reform-minded among them in areas such as infrastructure development (international ports, international airports, ... More

  • No more pension by money order
  • UPAD rapped for not meeting target

    FOREIGN TRADE


    Mozambique seeks tie-ups with Kerala
    THE Minister for Industry and Commerce of Mozambique, Mr Carlos Alberto Sampaio Morgado, has called for greater co-operation between his country and Kerala through enhanced investments, technical partnership and new joint ventures. Delivering ... More

    Canada, India sign four MoUs in food sector
    CANADA and India have signed four memorandums of understanding in the food segment, as part of bilateral effort to explore business opportunities. The New Delhi-based popular snacks manufacturer, Bikanervala Foods Pvt Ltd, has signed an ... More

    PSU


    ONGC may sell naphtha only through PSUs
    OIL and Natural Gas Corporation Ltd (ONGC) may go back to selling all its value-added products, especially naphtha, only through public sector marketing companies. ONGC has been selling, even exporting, naphtha on its own for the last two years ... More

    POWER


  • Revamp of SEB welcomed

    SSI


  • Awards for SSI units

    RADIO/TV


    New channel from July
    COME July 14 and yet another Malayalam satellite TV channel will make its debut in Kerala. This will be the fourth private satellite channel to make its entry into the Kerala market. The transmission from the Kochi-based channel called Jeevan ... More

    EDUCATION


  • Engg colleges to be spruced up

    BEVERAGES


  • Coffee is hip; pubs boring

    MEDICAL INSTITUTIONS & HOSPITALS


  • Finland aid for Govt hospitals

    INDUSTRY ASSOCIATIONS


    Higher deposit limit sought for unrated hire purchase cos
    IN a recent Credit Policy representation to the Reserve Bank Governor, the Association of Leasing & Financial Services Cos (ALFS) has urged the apex bank to increase the deposit acceptance limit of unrated Hire Purchase and Leasing Companies ... More

    HC dismisses BCC plea
    A DIVISION Bench of the Calcutta High Court has dismissed the application of Bharat Chamber of Commerce against the composition of a Bench for hearing the electricity tariff issue. In the application, BCC alleged that both the judges had been ... More

  • Plea against CST amendments

    GRANITE & MARBLE


    Granite industry wants excise levy rolled back
    As far as the small and tiny granite industries are concerned, they are surviving on thin margins with the market prices of granite slabs crashing by 25 per cent even as the input cost of consumables such as electricity and labour increased by 20 per cent. More

    DISINVESTMENT


    Realpolitik at play: IOC most welcome at HFC
    THE Government may be averse to the idea of public sector undertakings (PSU) such as Indian Oil Corporation (IOC) acquiring other profitable PSUs like HPCL or BPCL, even if it were through a competitive bidding process in the market place. ... More

    FOREIGN DIRECT INVESTMENT


    `Canadian investors can look to long-term gains'
    INDIA today invited more Canadian companies to establish presence in the country, while highlighting that those who are prepared to invest for the long-term are to benefit the most. ``The taste of the investment pudding is eventually in the ... More

    IPR


    Govt not to appeal against ruling on biotech patent
    THE Central Government has preferred not to appeal against the landmark judgment of Mr Justice Ashok Kumar Ganguly of the Calcutta High Court in the biotech patent case. The court had set aside the decision of the Controller of Patents and ... More

    EVENTS


    Leather exports may reach $2 b
    THE country's exports of leather and leather products would reach the $2-billion mark in 2001-02 despite the slowdown of the global economy post-September 11. This was indicated by the Union Commerce and Industry Minister, Mr Murasoli Maran, ... More

  • Thiruvananthapuram Engagements

    EXPORTS & IMPORTS


    Electronics, petro product exports buck negative trend
    NOTWITHSTANDING an overall negative growth in exports of -0.82 per cent during the first three quarters of 2001-02 (April-December), exports of sugar and molasses, processed foods and electronic hardware and petroleum products posted a moderate ... More

    TOURISM


    TN to co-sponsor tourism meet
    THE Tamil Nadu Government will be co-sponsoring the Skal International World Congress, which is scheduled for October 2003, according to Mr Manoj Virmani, Chairman, World Congress Convention Committee. Skal International is an organisation of ... More

    Saltours plans to expand, open more offices
    Saltours works a wholesaler for hotel accommodation and tour operations worldwide. It enters into round-the-year agreements with more than 50,000 hotels and more than 600 tour operators worldwide. More


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  • Top Stories
    Electronics, petro product exports buck negative trend


    Amul enters Delhi ice cream market -- In 'co-operative competition ' with Mother Dairy

    MIP '97 redemption -- SEBI to ask UTI to meet shortfall from reserves

    Ensure crude cargo support to SCI, Shourie tells Naik

    HDFC Standard does Rs 1,266-cr business

    New motor insurance tariffs by mid-May

    Seafood exporters to focus on US

    Digital GlobalSoft net up 71 pc at Rs 93 cr -- Declares 35 pc dividend

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Apr. 14-Apr. 20
    `Falling rate benefits have not reached corporates'

    BJP wants I-T rebate, other sops restored -- Wait for Parliament discussion: Sinha

    Broad Sheet on Bangalore Bio - 2002: Going the BT way

    Pre-condition for premium hike in future -- Truckers want third party liability capped

    Oil marketing cos to have pricing freedom

    Turbo-charged mobikes save auto sector blushes in 2001 -- Q4 sales surge rescues cars

    SCI asked to put investment decisions on back-burner

    Oil cos slash product prices

    Sinha all set to restore I-T rebate

    Cars give a lift to auto exports

    PMO to decide on dividend tax issue

    Cabinet okays Bill for petroleum regulator

    Dyers' failure to meet norms -- Pollution notices to Tirupur units

    `I-T relief for poll funds a mockery of justice'

    Auto cos get FIPB green signal for new models


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